Overview
What is The Corporate Source Inc?
The Corporate Source Inc, based in New York, is a nonprofit organization dedicated to creating employment opportunities for individuals with disabilities. They secure long-term contracts with government agencies and businesses to facilitate this mission, providing training and support for on-the-job success. The organization's impact stretches beyond New York City, reaching areas such as Long Island, Westchester, Albany, Puerto Rico, and the US Virgin Islands. In the 2022 fiscal year, The Corporate Source Inc employed 381 individuals across 50 locations, enhancing financial independence, productivity, and pride among people with disabilities through inclusive workforce opportunities.
Official website here: www.thecorporatesource.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Corporate Source Inc received a high score of 96% from Charity Navigator, reflecting its strong performance in accountability and finance. This rating is significant as it indicates the organization operates with a high level of transparency and responsible financial management. The organization boasts a fully independent board and has implemented comprehensive policies and procedures that support ethical governance.
One of the notable strengths of The Corporate Source Inc is its program expense ratio of 81.99%, demonstrating that a significant portion of its expenses goes directly towards its charitable programs. Additional strengths include the absence of material diversion of assets and a strong liability to assets ratio of 15.95%, which suggests sound financial health. The organization also adheres to best practices in governance, having robust policies for conflict of interest, whistleblowing, and document retention.
While the rating is highly favorable, potential donors and stakeholders may want to continually monitor the organization’s initiatives and outcomes to ensure alignment with their charitable goals. Overall, The Corporate Source Inc stands out for its effective governance and financial accountability, making it a reliable choice for those looking to support a nonprofit.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Corporate Source Inc?
100% of reviewers on Facebook recommend The Corporate Source Inc. Here's a summary of their insights:
The nonprofit is praised for its impactful work in creating employment opportunities for individuals with disabilities. Reviewers express deep appreciation for the organization's commitment to fostering inclusivity and empowering marginalized communities.
Overall, the sentiment is overwhelmingly positive, with users feeling satisfied and encouraged by the services being offered. The Corporate Source Inc. appears to deliver effectively on its mission, making a significant difference in the lives of those it serves.
This AI summary has been generated from reviews found on Facebook.
Is The Corporate Source Inc legitimate?
The Corporate Source Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Corporate Source 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: $1,171,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,309,760
For more financial information, click here
Official website here: www.thecorporatesource.org
What is the mission statement of The Corporate Source Inc?
The Corporate Source Inc is a organization dedicated to creating employment opportunities for individuals with disabilities. Through long-term contracts with government agencies and businesses, this company enables people with disabilities to obtain competitive employment. The employees are thoroughly trained and supported to ensure their success on the job. The Corporate Source Inc was founded with the mission to bridge the gap between individuals with disabilities and the workforce, leading to greater financial independence, productivity, and pride. By linking training program graduates and others to paying jobs, this organization promotes inclusion and fosters a more diverse workforce, benefiting both the individuals and the employers. During the 2022 fiscal year, The Corporate Source Inc employed 413 individuals in various locations.
Official website here: www.thecorporatesource.org
Who is the CEO of The Corporate Source Inc?
Michael Kramer is the Chairman of The Corporate Source Inc. The CEO's salary of The Corporate Source Inc is $443,887 and their total compensation is $478,959.
Official website here: www.thecorporatesource.org
What is the revenue of The Corporate Source Inc?
The Corporate Source Inc's revenue in 2022 was $30,317,223.
Official website here: www.thecorporatesource.org
Who are the executives of The Corporate Source Inc and what are their salaries?
The average compensation at The Corporate Source Inc during 2022 was $32,760. There are 381 employees and 6 volunteers at The Corporate Source Inc.
Here are 15 key members and their salaries (The Corporate Source Inc's CEO's salary is $443,887 and their total compensation is $478,959):
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $443,887
- Related: $0
- Other: $35,072
- Compensation: $292,409
- Related: $0
- Other: $34,950
- Compensation: $299,665
- Related: $0
- Other: $15,900
- Compensation: $183,878
- Related: $0
- Other: $17,773
- Compensation: $190,447
- Related: $0
- Other: $10,829
- Compensation: $126,358
- Related: $0
- Other: $7,902
- Compensation: $130,620
- Related: $0
- Other: $7,462
- Compensation: $141,415
- Related: $0
- Other: $18,021
Official website here: www.thecorporatesource.org
Where can I find the form 990 for The Corporate Source Inc?
The Corporate Source Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thecorporatesource.org
Learn more at the official website: www.thecorporatesource.org
Mission Statement of The Corporate Source Inc
The Corporate Source Inc, a leading organization, is committed to creating employment opportunities for individuals with disabilities by securing long-term contracts with government agencies and businesses. By linking training program graduates and other individuals to paying, secure jobs, The Corporate Source, Inc. promotes inclusion in the workforce and greater financial independence. This mission has been successful in New York City, Long Island, Westchester, Albany, Puerto Rico, and the US Virgin Islands, where the organization employed 413 individuals across 50 locations during the 2022 fiscal year.
The Corporate Source, Inc. was established with the goal of fostering employment opportunities in the government and private sector through long-term contracts. This innovative approach not only provides individuals with disabilities with steady employment but also enhances productivity and instills pride in their work. By offering comprehensive training and ongoing support, The Corporate Source, Inc. ensures the success of its employees on the job. This commitment to inclusion and empowerment results in a more diverse and inclusive workforce that benefits both individuals and the organizations they serve.
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Impact
October, 2024
The Corporate Source Inc significantly enhances opportunities for individuals with disabilities, facilitating their access to competitive employment through strategic partnerships with government agencies and businesses. By securing long-term contracts, the organization creates stable job placements that promote inclusion in the workforce.
In 2022, The Corporate Source employed 413 individuals across 50 locations, playing a vital role in fostering financial independence and productivity for its employees. Their tailored training and ongoing support empower workers to achieve success on the job, instilling a sense of pride and accomplishment.
Operating in diverse areas such as New York City, Long Island, Westchester, Albany, Puerto Rico, and the U.S. Virgin Islands, The Corporate Source champions the integration of people with disabilities into the workforce. This not only benefits the individuals but also enriches the communities they serve, as it builds a more inclusive and equitable economy. Through its impactful programs, The Corporate Source helps to redefine the potential of individuals with disabilities, affirming their contributions to society.
This information is meant to be a general summary of The Corporate Source 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: $397,534
- Program Service Revenue: $29,668,202
- Gross Receipts: $32,678,219
Assets and Liabilities:
- Total Assets: $28,179,043
- Total Liabilities: $3,558,257
- Net Assets: $24,620,786
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SOURCE AMERICA INCOME
Revenue
$21,537,038
SERVICE AGREEMENT NYSID
Revenue
$7,528,311
SERVICE INCOME
Revenue
$309,345
NYS DOE & PR VOCATIONAL REHAB
Revenue
$293,508
Organization Details
Founding Year
1996
Phone
(516) 419-5882Principal Officer
Michael Kramer
Main Address
1225 FRANKLIN AVENUE SUITE 335, GARDEN CITY, NY, 11530
Website
www.thecorporatesource.orgNTEE Category
Code: J30 - Employment
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