Overview
What is Planned Lifetime Assistance Network Of Connecticut Inc?
Planned Lifetime Assistance Network of Connecticut Inc. is a nonprofit organization located in Wethersfield, Connecticut. Their primary mission is to improve the lives of the elderly, individuals with disabilities, and their families by managing special needs trusts. These trusts provide financial assistance, enabling many residents in Connecticut to live independently in their own homes rather than in nursing homes. The organization has also distributed funds from its charitable accounts to enhance the living conditions and opportunities for those with disabilities, making homes more accessible and creating safe environments. Planned Lifetime Assistance Network of Connecticut Inc. also offers educational workshops, one-on-one meetings, and support group presentations to inform families and professionals about the importance of special needs trusts in the disability community. With a workforce of 17 individuals, they strive to ensure a dignified life for all people with disabilities in Connecticut.
Official website here: www.planofct.org
What are the reviews and ratings of this charity?
96% rating, Four-Star out of Four Star rating from Charity Navigator.
Planned Lifetime Assistance Network of Connecticut Inc has achieved an impressive score of 96%, reflecting a strong commitment to accountability and finance. This high rating indicates a well-managed organization with effective oversight, as demonstrated by their 100% independent board and robust financial practices. The organization has a clear conflict of interest policy and maintains thorough documentation of board meeting minutes, which adds to their credibility.
The nonprofit also excels in financial health, with a low liabilities to assets ratio of 15.16% and a program expense ratio of 81.70%. This suggests that the majority of their funds are dedicated to programmatic activities rather than administrative expenses, indicative of a mission-driven focus. The presence of an audit and oversight committee further enhances their operational transparency.
While the organization showcases numerous strengths in governance and financial management, it is important for potential donors to continuously monitor the impact of their programs and the overall effectiveness of their services. Overall, Planned Lifetime Assistance Network of Connecticut Inc exemplifies a reputable nonprofit that prioritizes responsible stewardship of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Planned Lifetime Assistance Network Of Connecticut Inc legitimate?
Planned Lifetime Assistance Network Of Connecticut Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Planned Lifetime Assistance Network Of Connecticut 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: $180,767
Professional Fundraising Fees: $0
Other Salaries and Wages: $549,750
For more financial information, click here
Official website here: www.planofct.org
What is the mission statement of Planned Lifetime Assistance Network Of Connecticut Inc?
The Planned Lifetime Assistance Network of Connecticut Inc's mission is centered around promoting independence and enhancing the quality of life for the elderly, individuals with disabilities, and their families. They achieve this by managing special needs trusts, providing supplementary assistance to the most needy individuals, and administering charitable trust funds. The organization's primary goal is to help these individuals live in their own homes rather than in nursing homes, thereby reducing the strain on the Medicaid system. Additionally, they distribute funds from their charitable accounts to help people with disabilities live more independently and enriched lives, making homes more accessible and providing necessary education and safe environments. The Network also conducts community education about the importance of special needs trusts in the disability community, holding workshops, one-on-one meetings, and support group presentations to educate families and professionals.
Official website here: www.planofct.org
Who is the CEO of Planned Lifetime Assistance Network Of Connecticut Inc?
Kerry Tedford-Coles is the Executive Di of Planned Lifetime Assistance Network Of Connecticut Inc.
Official website here: www.planofct.org
What is the revenue of Planned Lifetime Assistance Network Of Connecticut Inc?
Planned Lifetime Assistance Network Of Connecticut Inc's revenue in 2022 was $1,227,596.
Official website here: www.planofct.org
Who are the executives of Planned Lifetime Assistance Network Of Connecticut Inc and what are their salaries?
The average compensation at Planned Lifetime Assistance Network Of Connecticut Inc during 2022 was $42,972. There are 17 employees at Planned Lifetime Assistance Network Of Connecticut Inc.
Here are 18 key members and their salaries:
- Compensation: $175,754
- Related: $0
- Other: $5,332
- Compensation: $106,528
- Related: $0
- Other: $3,528
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.planofct.org
Where can I find the form 990 for Planned Lifetime Assistance Network Of Connecticut Inc?
Planned Lifetime Assistance Network Of Connecticut Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.planofct.org
Learn more at the official website: www.planofct.org
Mission Statement of Planned Lifetime Assistance Network Of Connecticut Inc
Planned Lifetime Assistance Network of Connecticut Inc, often referred to as PLAN of CT, is dedicated to promoting independence and enhancing the quality of life for the elderly, individuals with disabilities, and their families. Their primary mission revolves around managing special needs trusts and providing supplementary assistance to those in need. By administering these trusts, PLAN of CT enables hundreds of Connecticut residents with disabilities, many of whom are over 65 years old, to reside in their own homes instead of nursing homes. This not only allows individuals with disabilities to live in the community but also alleviates a significant strain on the Medicaid system.
Furthermore, PLAN of CT has distributed thousands of dollars from its charitable accounts to support Connecticut residents with disabilities. These distributions have been instrumental in making homes more accessible, providing necessary education, and creating safe environments for those in need. The organization also places a strong emphasis on community education about the importance of special needs trusts in the disability community. Through workshops, one-on-one meetings, and support group presentations, PLAN of CT aims to educate families and professionals on ensuring all individuals with disabilities can live full and dignified lives.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Planned Lifetime Assistance Network Of Connecticut Inc's impact is significant in promoting independence and enhancing the quality of life for the elderly, people with disabilities, and their families. By managing special needs trusts, this organization has allowed hundreds of Connecticut residents with disabilities, particularly those over the age of 65, to live in their own homes with assistance instead of in nursing homes. This not only enables individuals with disabilities to remain in the community but also alleviates strain on the Medicaid system.
Additionally, through the administration of charitable trust funds, the organization has distributed thousands of dollars to help individuals with disabilities in Connecticut live more independent and enriched lives. This funding has made homes more accessible, provided education, and created safe environments for those in need. By providing community education on the importance of special needs trusts through workshops, one-on-one meetings, and support group presentations, Planned Lifetime Assistance Network Of Connecticut Inc is ensuring that all individuals with disabilities are provided with a full and dignified life.
This information is meant to be a general summary of Planned Lifetime Assistance Network Of Connecticut 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: $39,328
- Program Service Revenue: $1,167,724
- Gross Receipts: $1,227,596
Assets and Liabilities:
- Total Assets: $2,048,887
- Total Liabilities: $79,304
- Net Assets: $1,969,583
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRUST ADMINISTRATIVE FEES
Revenue
$842,824
TRUST ENROLLMENT FEES
Revenue
$308,100
OTHER PROGRAM FEES
Revenue
$16,800
Organization Details
Founding Year
1993
Phone
(860) 523-4951Principal Officer
Kerry Tedford-Coles
Main Address
PO BOX 290937, WETHERSFIELD, CT, 061290937
Website
www.planofct.orgNTEE Category
Code: P50 - Human services
If you are a representative of Planned Lifetime Assistance Network Of Connecticut Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.