Overview
What is Unico National Torrington?
Unico National Torrington is a nonprofit organization situated in Torrington, Connecticut. Their primary focus is to support various community charities by providing financial aid in the form of awards, scholarships, grants, and donations. This philanthropic entity dedicates its resources to uplifting local communities and contributing to their betterment.
Official website here: www.torringtonuniconational.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
Unico National Torrington has earned a rating of 76%, which translates to a Three-Star status based solely on its Accountability & Finance metrics. This score indicates a solid level of financial health and operational integrity, particularly in areas such as board independence and the absence of material asset diversion. The organization boasts 100% independent board members and a favorable liabilities to assets ratio of 0.00%, reflecting sound fiscal management.
However, the organization does exhibit some limitations, particularly in governance practices. Notably, it lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which could affect transparency and accountability in the long run. While the lack of these policies has contributed to a lower score in specific areas, the organization still maintains a high program expense ratio of 82.14%, indicating that a significant portion of its resources is directed towards its mission.
In summary, while Unico National Torrington demonstrates strengths in financial accountability and board independence, it is essential for the organization to address its governance shortcomings to enhance its overall rating and effectiveness. Addressing these policy gaps could significantly improve stakeholder trust and operational integrity in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Unico National Torrington legitimate?
Unico National Torrington is a legitimate nonprofit organization registered as a 501(c)(3) entity. Unico National Torrington 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.
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Official website here: www.torringtonuniconational.com
What is the mission statement of Unico National Torrington?
Unico National Torrington's mission is centered around supporting community charities. They accomplish this by offering various forms of assistance, including awards, scholarships, grants, and donations. This mission statement signifies their commitment to giving back to their community and uplifting various charitable causes. By providing such support, Unico National Torrington contributes to the betterment of the communities they serve, enhancing the lives of many individuals in need.
Official website here: www.torringtonuniconational.com
Who is the CEO of Unico National Torrington?
David Vaill is the Financial Se of Unico National Torrington.
Official website here: www.torringtonuniconational.com
What is the revenue of Unico National Torrington?
Unico National Torrington's revenue in 2023 was $21,068.
Official website here: www.torringtonuniconational.com
Who are the executives of Unico National Torrington and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.torringtonuniconational.com
Where can I find the form 990 for Unico National Torrington?
Unico National Torrington's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.torringtonuniconational.com
Learn more at the official website: www.torringtonuniconational.com
Mission Statement of Unico National Torrington
Unico National Torrington, a notable nonprofit organization, is dedicated to supporting various community charities. It achieves this mission through the strategic distribution of awards, scholarships, grants, and donations. By engaging in these activities, Unico National Torrington seeks to make a positive impact on the local community, providing much-needed assistance to numerous charitable causes. The organization's mission is to serve as a beacon of support, uplifting those in need and fostering a sense of community solidarity.
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Impact
August, 2024
Unico National Torrington has a significant impact on the community by supporting various charitable causes through awards, scholarships, grants, and donations. Through their philanthropic efforts, they help improve the lives of individuals and organizations in Torrington, CT, making a positive difference in the local community. Their commitment to supporting community charities reflects their dedication to making a meaningful impact and fostering positive change.
This information is meant to be a general summary of Unico National Torrington. 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.
- Investment Income: $23
- Gross Receipts: $37,662
Assets and Liabilities:
- Total Assets: $27,443
- Total Liabilities: $0
- Net Assets: $27,443
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Organization Details
Founding Year
1925
Phone
(860) 309-6044Principal Officer
David Vaill
Main Address
PO BOX 175, TORRINGTON, CT, 06790
NTEE Category
Code: T00 - Philanthropy
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