Overview
What is Operation Pocket Change Of Mec Inc?
Operation Pocket Change of MEC Inc., situated in Mountain City, Tennessee, is a nonprofit organization that extends its support to various sectors in need. They operate with a mission to distribute funds for charitable purposes and community benefits. One of their primary activities includes awarding scholarships to deserving high school graduates who meet the organization's criteria. Furthermore, they also provide assistance to community organizations, youth groups, fire and emergency services, individuals facing medical or financial hardships, and those affected by house fires. Their goal is to make a positive impact in the community by offering financial aid and support.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star Rating
Operation Pocket Change Of Mec Inc has received a 73% score from Charity Navigator, which translates to a Two-Star rating. This score reflects a strong emphasis on Accountability & Finance, indicating that the organization is managing its financial reporting and governance effectively.
The charity demonstrates notable strengths in various areas, including having a fully independent board, with 100% of its members being independent. They have also maintained a strong ratio of liabilities to assets at 0.00%, and their program expense ratio stands at 100%, showing that all funds are directed towards their programs. Additionally, they document their board meeting minutes, which contributes positively to their accountability measures.
Despite these strengths, the overall score is solely based on the accountability metrics, with no additional beacons factored into the rating. This narrow focus means that while the organization shows solid financial practices, there may be other areas of performance that are not evaluated, which could impact the overall effectiveness of their programs and services.
This AI summary has been generated from information found on Charity Navigator.
Is Operation Pocket Change Of Mec Inc legitimate?
Operation Pocket Change Of Mec Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Operation Pocket Change Of Mec Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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What is the mission statement of Operation Pocket Change Of Mec Inc?
Operation Pocket Change of Mec Inc's mission is centered around assisting those in need. They review applications from the public and disburse funds for charitable purposes and community benefits. The organization also awards scholarships to eligible students based on predefined criteria. Beyond this, they provide assistance to community organizations, youth groups, fire and emergency services, individuals facing medical or financial hardships, and those affected by house fires. In summary, Operation Pocket Change of Mec Inc is dedicated to offering support through scholarships and financial aid, as well as lending a helping hand to various community initiatives and individuals in need.
Who is the CEO of Operation Pocket Change Of Mec Inc?
Glen Hatfield is the President of Operation Pocket Change Of Mec Inc.
What is the revenue of Operation Pocket Change Of Mec Inc?
Operation Pocket Change Of Mec Inc's revenue in 2023 was $134,969.
Who are the executives of Operation Pocket Change Of Mec Inc and what are their salaries?
There 8 volunteers at Operation Pocket Change Of Mec Inc.
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Where can I find the form 990 for Operation Pocket Change Of Mec Inc?
Operation Pocket Change Of Mec Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Operation Pocket Change Of Mec Inc
Operation Pocket Change Of Mec Inc, as a nonprofit organization, is committed to making a positive impact in its community. Its mission is twofold: firstly, it aims to provide financial assistance to eligible students who meet the organization's set criteria, awarding them scholarships to help them further their education. Secondly, Operation Pocket Change Of Mec Inc extends its support to various community organizations, youth groups, fire and emergency services, individuals experiencing medical or financial hardships, and those who have suffered house fires. By screening applications received from the public and disbursing funds for these charitable purposes, the organization seeks to uplift those in need and contribute to the betterment of its community.
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Impact
October, 2024
Operation Pocket Change Of Mec Inc plays a significant role in addressing community needs by providing financial support and scholarships. Through the screening of applications, the organization effectively allocates funds to various individuals and groups, ensuring that resources are directed towards those who need them most. This includes assistance for individuals facing medical or financial hardships and support for community organizations, youth groups, and emergency services.
Scholarships awarded to high school graduates help empower youth by facilitating access to education, which can significantly impact their future opportunities and career paths. By focusing on eligible students and ensuring that criteria are met, Operation Pocket Change nurtures local talent and fosters educational advancement.
The organization’s activities not only enhance individual lives but also contribute to the overall well-being of the community in Mountain City, TN. By addressing both immediate needs, such as helping those affected by house fires, and longer-term goals, like funding education, Operation Pocket Change creates a ripple effect of positive change that benefits the entire community.
This information is meant to be a general summary of Operation Pocket Change Of Mec Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Gross Receipts: $134,969
Assets and Liabilities:
- Total Assets: $68,878
- Total Liabilities: $0
- Net Assets: $68,878
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Organization Details
Founding Year
2001
Phone
(423) 727-1960Principal Officer
Glen Hatfield
Main Address
PO Box 180, Mountain City, TN, 37683
NTEE Category
Code: T30 - Philanthropy
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