Overview
What is Spectrum Youth & Family Services Inc?
Spectrum Youth & Family Services Inc, located in Burlington, Vermont, is a nonprofit organization with a mission to empower teenagers, young adults, and their families. They achieve this goal through prevention, intervention, and life skills services. The organization provides various residential programs, including three residential facilities and an emergency shelter, helping youth transition to independent living. In the fiscal year 2022, Spectrum offered transitional housing to 13 individuals, short-term housing to 31 individuals, and warming shelter services to 25 individuals. With around 112 employees, Spectrum Youth & Family Services Inc strives to create positive changes in the lives of the individuals it serves.
Official website here: www.spectrumvt.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 100% - Four-Star out of Four Star rating
Spectrum Youth & Family Services Inc has achieved a remarkable Four-Star rating from Charity Navigator, indicating exceptional performance in accountability and finance. The charity has a perfect score in this category, which reflects its commitment to transparency and effective financial management. With a low liabilities to assets ratio and a high program expense ratio, the organization demonstrates a strong focus on utilizing resources for its mission.
The board of directors is fully independent, comprising 17 members, which enhances governance and reduces potential conflicts of interest. Comprehensive policies are in place regarding conflict of interest, whistleblower protections, and document retention, showcasing the organization's dedication to ethical practices. Additionally, the charity provides thorough audits and maintains detailed documentation, which further supports its accountability.
While the organization's financial health appears strong, potential donors may still want to consider the broader impact of its programs beyond just financial metrics. Overall, Spectrum Youth & Family Services Inc stands out for its responsible fiscal management and commitment to serving its community effectively.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Spectrum Youth & Family Services Inc?
100% of 7 reviewers on Facebook recommend Spectrum Youth & Family Services Inc. Here is a summary of their reviews:
The organization is highly regarded for its dedication to helping vulnerable youth and families. Reviewers commend the professionalism, care, and resourcefulness of the staff, highlighting their ability to make a tangible impact in the lives of young adults facing homelessness. Many express gratitude for the support and guidance provided by Spectrum, underlining the importance of its services in the community.
Overall, the sentiment is overwhelmingly positive, reflecting a strong appreciation for the impactful work carried out by Spectrum Youth & Family Services. Those who have engaged with the nonprofit feel fortunate to have such a vital resource available in Vermont.
This AI summary has been generated from reviews found on Facebook.
Is Spectrum Youth & Family Services Inc legitimate?
Spectrum Youth & Family Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spectrum Youth & Family 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: $191,955
Professional Fundraising Fees: $46,200
Other Salaries and Wages: $3,456,099
For more financial information, click here
Official website here: www.spectrumvt.org
What is the mission statement of Spectrum Youth & Family Services Inc?
Spectrum Youth & Family Services Inc's mission is centered around empowering teenagers, young adults, and their families. Their objective is to facilitate positive changes in these individuals' lives through prevention, intervention, and life skills services. The organization provides various programs, including residential facilities and emergency shelters, to aid youth in their transition to independent living. In fiscal year 2022, Spectrum Youth & Family Services Inc offered transitional housing to 13 individuals, short-term housing to 31 individuals, and warming shelter services to 25 individuals.
Official website here: www.spectrumvt.org
Who is the CEO of Spectrum Youth & Family Services Inc?
Mark Redmond is the President of Spectrum Youth & Family Services Inc.
Official website here: www.spectrumvt.org
What is the revenue of Spectrum Youth & Family Services Inc?
Spectrum Youth & Family Services Inc's revenue in 2022 was $10,231,367.
Official website here: www.spectrumvt.org
Who are the executives of Spectrum Youth & Family Services Inc and what are their salaries?
The average compensation at Spectrum Youth & Family Services Inc during 2022 was $32,572. There are 112 employees and 50 volunteers at Spectrum Youth & Family Services Inc.
Here are 21 key members and their salaries:
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- Compensation: $101,676
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- Other: $25,715
Official website here: www.spectrumvt.org
Where can I find the form 990 for Spectrum Youth & Family Services Inc?
Spectrum Youth & Family Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.spectrumvt.org
Learn more at the official website: www.spectrumvt.org
Mission Statement of Spectrum Youth & Family Services Inc
Spectrum Youth & Family Services Inc is dedicated to empowering teenagers, young adults, and their families to make and sustain positive changes in their lives. This nonprofit organization achieves this mission through prevention, intervention, and life skills services. By offering these services, Spectrum Youth & Family Services Inc aims to help its clients navigate through challenging periods and build a foundation for a better future.
The organization's residential programs are a significant part of its mission. These programs include three residential facilities and an emergency shelter that provide support to help youth transition to independent living. In the fiscal year 2022, Spectrum Youth & Family Services Inc provided transitional housing to 13 individuals, short-term housing to 31 individuals, and warming shelter services to 25 individuals. These numbers underscore the organization's commitment to assisting young people in overcoming obstacles and securing a stable living situation.
In summary, Spectrum Youth & Family Services Inc is a nonprofit organization that empowers teenagers, young adults, and their families to make and sustain positive changes through prevention, intervention, and life skills services. The organization's residential programs are instrumental in helping youth transition to independent living, providing them with the necessary support and resources to build a better future.
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Impact
July, 2024
Spectrum Youth & Family Services Inc empowers teenagers, young adults, and their families to make and sustain positive changes through prevention, intervention, and life skills services. Their impact is seen through their residential programs, which include three residential facilities and an emergency shelter providing services to help youth transition to independent living. In FY22, Spectrum provided transitional housing to 13 individuals, short-term housing to 31 individuals, and warming shelter services to 25 individuals in Burlington, Vermont.
This information is meant to be a general summary of Spectrum Youth & Family 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.
- Investment Income: $255,635
- Program Service Revenue: $945,953
- Gross Receipts: $12,744,382
Assets and Liabilities:
- Total Assets: $10,291,050
- Total Liabilities: $826,187
- Net Assets: $9,464,863
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$937,418
OTHER PROGRAM REVENUE
Revenue
$8,535
Organization Details
Founding Year
1970
Phone
(802) 864-7423Principal Officer
Mark Redmond
Main Address
31 ELMWOOD AVENUE, BURLINGTON, VT, 05401
Website
www.spectrumvt.orgNTEE Category
Code: P400 - Human services
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