Overview
What is Independence Associates Inc?
Independence Associates Inc, based in East Bridgewater, Massachusetts, is a dedicated nonprofit organization that has been serving individuals with disabilities since 1980. Their mission is to empower these individuals, fostering self-sufficiency and personal independence. They offer a range of resources, breaking down barriers and promoting dignity and freedom. As a cross-cultural, cross-age, and cross-disability organization, they strive to provide assistance to any person with a disability within the communities they serve. Over the years, they have supported 808 consumers, working tirelessly to ensure they can live independently in their chosen settings.
Official website here: www.iacil.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Independence Associates Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. This score is based entirely on the organization's financial practices, indicating a high level of transparency and responsible management. The rating signifies that the organization effectively utilizes its resources, ensuring that a significant portion of its expenses go directly towards programs and services.
The nonprofit excels in various governance practices, with an independent board composed entirely of independent members, a clear conflict of interest policy, and established procedures for financial oversight. Its robust financial health is evidenced by a low liabilities to assets ratio and a high program expense ratio, demonstrating that it prioritizes funding its mission over administrative costs. This commitment to accountability earns the trust of donors and stakeholders alike.
While the data highlights many strengths, potential donors and beneficiaries should consider the broader impact of the organization’s programs beyond financial metrics. However, the absence of any noted material diversions of assets or financial irregularities suggests a solid foundation for continued effectiveness in its mission. Overall, Independence Associates Inc presents itself as a reliable charity committed to serving its purpose efficiently.
This AI summary has been generated from information found on Charity Navigator.
Is Independence Associates Inc legitimate?
Independence Associates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Independence Associates 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: $113,955
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,015,191
For more financial information, click here
Official website here: www.iacil.org
What is the mission statement of Independence Associates Inc?
Independence Associates Inc, established in 1980, is committed to assisting individuals with disabilities in living as independently as they desire. This independence is synonymous with dignity, freedom, and overcoming the barriers that persist for people with disabilities. As a cross-age, cross-cultural, and cross-disability organization, Independence Associates Inc provides resources to anyone with a disability residing within the communities it serves. The organization's mission is to empower these individuals to make choices about their living arrangements and foster an environment that allows them to overcome challenges and lead fulfilling lives.
Official website here: www.iacil.org
Who is the CEO of Independence Associates Inc?
Mary Ellen Gatto is the President of Independence Associates Inc.
Official website here: www.iacil.org
What is the revenue of Independence Associates Inc?
Independence Associates Inc's revenue in 2022 was $1,960,718.
Official website here: www.iacil.org
Who are the executives of Independence Associates Inc and what are their salaries?
The average compensation at Independence Associates Inc during 2022 was $33,210. There are 34 employees at Independence Associates Inc.
Here are 7 key members and their salaries:
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- Compensation: $92,347
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- Other: $9,545
Official website here: www.iacil.org
Where can I find the form 990 for Independence Associates Inc?
Independence Associates Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iacil.org
Learn more at the official website: www.iacil.org
Mission Statement of Independence Associates Inc
Since its establishment in 1980, Independence Associates Inc has been dedicated to supporting individuals with disabilities in their quest for independence. This cross-age, cross-cultural, and cross-disability organization believes that living independently is a fundamental right, encompassing dignity, freedom, and overcoming the barriers that still exist for persons with disabilities. Independence Associates Inc strives to provide resources to any person with a disability living within the communities they serve, enabling them to live as independently as they wish in the setting of their choice. The organization's mission is to empower individuals with disabilities, helping them overcome the challenges they face and live with dignity and independence.
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Impact
July, 2024
Independence Associates Inc has a significant impact on the lives of individuals with disabilities by providing them with the resources and support they need to live independently in their desired settings. Since 1980, the organization has been dedicated to promoting dignity, freedom, and overcoming barriers for persons with disabilities. By offering independent living services, Independence Associates Inc empowers individuals with disabilities to develop the skills and resources necessary for self-sufficiency and personal independence. With a cross-age, cross-cultural, and cross-disability approach, Independence Associates Inc reaches out to any person with a disability within the communities it serves, making a positive difference in the lives of 808 consumers.
This information is meant to be a general summary of Independence Associates 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: $1,955,468
- Gross Receipts: $1,960,718
Assets and Liabilities:
- Total Assets: $845,215
- Total Liabilities: $144,437
- Net Assets: $700,778
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT REVENUE
Revenue
$1,295,898
MEDICAID
Revenue
$659,570
Organization Details
Founding Year
1980
Phone
(508) 583-2166Principal Officer
Mary Ellen Gatto
Main Address
100 LAUREL STREET 122, EAST BRIDGEWATER, MA, 02333
Website
www.iacil.orgNTEE Category
Code: P820 - Human services
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