Overview
What is Benefits Management Inc?
Benefits Management Inc, located in Wilmington, North Carolina, is a nonprofit organization dedicated to aiding over 900 clients in achieving financial stability and enhancing their living standards. They accomplish this mission by offering specialized services in managing Social Security benefit checks for eligible individuals. By focusing on financial literacy, this organization aims to empower its clients, providing them with improved options for managing their finances effectively. With a team of six dedicated professionals, Benefits Management Inc continues to make a positive impact in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Benefits Management Inc has achieved a commendable score of 94%, reflecting its strong accountability and financial management practices. The rating is derived entirely from its performance on accountability and finance metrics, which indicates a robust governance structure and transparency in operations. The organization boasts a fully independent board, with 100% of its board members meeting independence criteria.
The nonprofit excels in various aspects, including having no material diversion of assets and maintaining a clear conflict of interest policy. Its financial ratios are particularly impressive, with a liabilities-to-assets ratio of 0.00% and a program expense ratio of 100%, showcasing that the entirety of its expenditures is directed towards its programs. Additionally, the presence of comprehensive policies on whistleblowing and document retention further emphasizes its commitment to ethical practices.
While the data highlights the organization's strengths in governance and financial health, no specific information on programmatic outcomes or community impact is provided. This leaves a gap regarding the effectiveness of the services offered, which potential donors or beneficiaries may want to consider. Overall, Benefits Management Inc demonstrates a solid foundation in operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Benefits Management Inc legitimate?
Benefits Management Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Benefits Management 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: $168,264
Professional Fundraising Fees: $0
Other Salaries and Wages: $132,957
For more financial information, click here
What is the mission statement of Benefits Management Inc?
Benefits Management Inc, as a mission, is dedicated to enhancing the living standards and fostering financial literacy among eligible individuals. This is achieved through the management of their Social Security benefit checks. By providing this service, the organization aims to assist these individuals in achieving financial stability and improving their overall quality of life. As of their records, Benefits Management Inc has successfully aided over 900 clients in achieving these goals.
Who is the CEO of Benefits Management Inc?
Teri Motsinger is the Director of Benefits Management Inc.
What is the revenue of Benefits Management Inc?
Benefits Management Inc's revenue in 2022 was $467,609.
Who are the executives of Benefits Management Inc and what are their salaries?
The average compensation at Benefits Management Inc during 2022 was $50,204. There are 6 employees at Benefits Management Inc.
Here are 2 key members and their salaries:
- Compensation: $84,132
- Related: $0
- Other: $0
- Compensation: $84,132
- Related: $0
- Other: $0
Where can I find the form 990 for Benefits Management Inc?
Benefits Management Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Benefits Management Inc
Benefits Management Inc, a nonprofit organization, is committed to enhancing the living standards and fostering financial literacy among eligible individuals. They achieve this mission by managing Social Security benefit checks for these individuals, thereby providing them with options to improve their financial situation. Through their services, the organization has assisted over 900 clients in attaining financial stability and elevating their standard of living.
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Impact
July, 2024
Benefits Management Inc has directly impacted over 900 clients by helping them obtain financial stability and improve their standard of living. They have provided options for enhancing the quality of life and promoting financial literacy through the management of Social Security benefit checks for eligible individuals. Their work in Wilmington, North Carolina, exemplifies a commitment to empowering individuals to lead more secure and prosperous lives.
This information is meant to be a general summary of Benefits Management 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: $467,609
- Gross Receipts: $467,609
Assets and Liabilities:
- Total Assets: $2,876
- Total Liabilities: $0
- Net Assets: $2,876
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Organization Details
Founding Year
2004
Phone
(910) 798-2855Principal Officer
Teri Motsinger
Main Address
219 N 2nd St, Wilmington, NC, 28401
NTEE Category
Code: P99 - Human services
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