Overview
What is Friendship New Vision Inc?
Friendship New Vision Inc, located in Toledo, Ohio, is a community-focused nonprofit organization with a mission to enhance public welfare. They achieve this by initiating programs aimed at addressing and alleviating local issues, with a particular emphasis on reducing unemployment. The organization, consisting of 22 dedicated employees, works tirelessly to eliminate problems within the community and contribute positively to its development. The exact nature of these programs is not specified in the provided information, but their intent is clear: to improve the well-being of their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Stars)
Friendship New Vision Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The overall score is a result of their impressive performance in various metrics, particularly in accountability, which is critical for donor trust and organizational transparency.
One of the organization's notable strengths is its fully independent board, comprised of seven members, ensuring objective governance and decision-making. Additionally, they have robust policies in place regarding conflict of interest, whistleblowing, and document retention, all receiving full marks. Their financial health is also promising, with a liabilities to assets ratio of 39.31%, indicating sound management of resources.
Despite the strong ratings, the summary does not indicate any specific limitations or areas needing improvement. Overall, Friendship New Vision Inc demonstrates financial stability and a commitment to ethical practices, making it a trustworthy choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Friendship New Vision Inc legitimate?
Friendship New Vision Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friendship New Vision 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: $43,016
Professional Fundraising Fees: $0
Other Salaries and Wages: $364,320
For more financial information, click here
What is the mission statement of Friendship New Vision Inc?
Friendship New Vision Inc's mission is centered around promoting public welfare within the community. They achieve this by initiating and managing programs that aim to address and eradicate issues, as well as decrease unemployment. The organization's primary goal is to contribute positively to the community by addressing its challenges and improving its overall well-being.
What is the revenue of Friendship New Vision Inc?
Friendship New Vision Inc's revenue in 2023 was $494,314.
Who are the executives of Friendship New Vision Inc and what are their salaries?
The average compensation at Friendship New Vision Inc during 2023 was $18,515. There are 22 employees at Friendship New Vision Inc.
Here are 8 key members and their salaries:
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- Compensation: $43,265
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Where can I find the form 990 for Friendship New Vision Inc?
Friendship New Vision Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Friendship New Vision Inc
Friendship New Vision Inc, as per its mission statement, is committed to enhancing the well-being of its community by initiating and overseeing programs aimed at resolving prevalent issues and reducing unemployment. The organization's primary goal is to contribute positively to the public welfare within its community, striving to eliminate existing problems and promote a more prosperous society. By launching and administering these programs, Friendship New Vision Inc aims to create a more harmonious and employment-rich environment, thereby benefiting its community at large.
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Impact
July, 2024
Friendship New Vision Inc has a significant impact on the community of Toledo, Ohio by launching programs that aim to eliminate problems and reduce unemployment. Their focus on human services helps to promote public welfare and improve the lives of those in need within the community. Through their targeted initiatives, Friendship New Vision Inc truly makes a difference in the lives of individuals and families facing challenges in Toledo.
This information is meant to be a general summary of Friendship New Vision 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 2023.
- Investment Income: $1,992
- Gross Receipts: $494,314
Assets and Liabilities:
- Total Assets: $476,832
- Total Liabilities: $187,446
- Net Assets: $289,386
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Organization Details
Founding Year
2003
Principal Officer
Patricia Sloan
NTEE Category
Code: P20 - Human services
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