Overview
What is Secure Benefit Services Inc?
Secure Benefit Services Inc, located in Saint Petersburg, Florida, is a nonprofit organization with a mission to support individuals who are financially indigent or incapacitated, primarily those receiving social security benefits. The organization's primary activity involves offering bill paying and cash management services to assist these individuals in managing their daily expenses effectively. With a team of six dedicated employees, Secure Benefit Services Inc aims to enhance the financial well-being of its beneficiaries.
Official website here: www.securebenefitservices.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 37%, Zero-Star out of Four Star rating.
Secure Benefit Services Inc has received a low overall rating primarily based on its Accountability and Finance metrics. The organization scored poorly in several key areas, including the composition and independence of its board members, where only 33% are independent. Although it does not show signs of material asset diversion and has appropriate financial statements, the lack of a whistleblower policy and missing tax forms on its website significantly impacted its score.
The charity does have some strengths, such as having a conflict of interest policy in place and properly documenting board meeting minutes. However, its financial ratios reveal troubling trends, including a liabilities-to-assets ratio of 99.47% and a program expense ratio of only 37.78%. This suggests that a significant portion of its resources may not be effectively utilized for its intended programs, raising concerns about its operational efficiency and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Secure Benefit Services Inc legitimate?
Secure Benefit Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Secure Benefit Services 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:
Executive Compensation: $125,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $109,713
For more financial information, click here
Official website here: www.securebenefitservices.org
What is the mission statement of Secure Benefit Services Inc?
Secure Benefit Services Inc is committed to serving individuals who rely on social security, particularly those who are financially struggling or physically incapacitated. Their primary mission is to offer bill paying and cash management services to ensure these individuals can manage their expenses effectively. This organization aims to alleviate some of the financial burdens these individuals face, enabling them to focus on their well-being. By providing these essential services, Secure Benefit Services Inc strives to contribute to their clients' overall quality of life.
Official website here: www.securebenefitservices.org
Who is the CEO of Secure Benefit Services Inc?
Michael Higbee is the President/Secretary of Secure Benefit Services Inc.
Official website here: www.securebenefitservices.org
What is the revenue of Secure Benefit Services Inc?
Secure Benefit Services Inc's revenue in 2022 was $585,739.
Official website here: www.securebenefitservices.org
Who are the executives of Secure Benefit Services Inc and what are their salaries?
The average compensation at Secure Benefit Services Inc during 2022 was $39,252. There are 6 employees at Secure Benefit Services Inc.
Here are 3 key members and their salaries:
- Compensation: $125,800
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.securebenefitservices.org
Where can I find the form 990 for Secure Benefit Services Inc?
Secure Benefit Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.securebenefitservices.org
Learn more at the official website: www.securebenefitservices.org
Mission Statement of Secure Benefit Services Inc
Secure Benefit Services Inc, as a mission-driven organization, is dedicated to offering essential bill paying and cash management services to individuals who are financially vulnerable due to their social security status and either indigence or incapacitation. By providing these services, the nonprofit aims to alleviate some of the financial burdens that these individuals may be facing, thereby contributing to their overall well-being. The organization's activities are centered around managing and settling the bills of these individuals, ensuring that they can maintain a stable living situation despite their challenging circumstances.
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Impact
July, 2024
Secure Benefit Services Inc has a significant impact by providing essential bill paying and cash management services to individuals on social security who are indigent and/or incapacitated. This support is crucial in helping these vulnerable individuals maintain financial stability and independence. By fulfilling this vital role, Secure Benefit Services Inc contributes to improving the quality of life for its clients and ensuring that their basic needs are met.
This information is meant to be a general summary of Secure Benefit Services 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 2022.
- Program Service Revenue: $585,739
- Gross Receipts: $585,739
Assets and Liabilities:
- Total Assets: $3,155,548
- Total Liabilities: $3,139,096
- Net Assets: $16,452
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Social Security reimb.
Revenue
$585,739
Organization Details
Founding Year
2007
Phone
(727) 824-9912Principal Officer
Michael Higbee
Main Address
PO Box 60, Saint Petersburg, FL, 33731
NTEE Category
Code: W99 - Public benefit
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