Overview
What is Servicesource Foundation Inc?
Servicesource Foundation Inc is a 501(c)(3) nonprofit organization established in 2004, based in Oakton, Virginia. Its primary mission is to raise donor support, providing gap funding for critical programs of Servicesource Inc and its affiliated organizations. With a focus on people with disabilities and their communities, the foundation aims to facilitate resources, services, and partnerships, striving to build more inclusive communities. The Servicesource Foundation uses 99% of its donations directly to support these individuals and programs. It often provides start-up funding for new initiatives and gap funding for underfunded programs across all Servicesource regional offices. In FY 2022, the foundation funded various programs, including family support services, long-term community integration services, and autism services, among others, in its five regions: Virginia, North Carolina, Delaware, Utah, and Florida. Donors may restrict their funding to support local community programs or specific initiatives.
Official website here: www.servicesource.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star Rating
Servicesource Foundation Inc demonstrates a strong performance in accountability and finance, highlighted by a perfect score in several key metrics. The organization boasts a fully independent board, rigorous financial oversight, and maintains a strong program expense ratio of 98.67%, indicating that a substantial portion of funds directly supports its mission. Additionally, the foundation excels in having no material diversion of assets and shows a commendable fundraising efficiency, making it a trustworthy choice for donors.
The organization's commitment to governance is evident through its comprehensive policies, including conflict of interest and whistleblower protections, which are fully documented and accessible. Furthermore, Servicesource Foundation Inc has a robust culture and community engagement score of 100, reflecting its dedication to equity strategies and stakeholder involvement.
Overall, the Foundation's high ratings highlight its effective management and transparency, making it a leader in its field. No significant limitations or concerns have been identified in the available data, reinforcing its reputation as a reliable nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Servicesource Foundation Inc legitimate?
Servicesource Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Servicesource Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.servicesource.org
What is the mission statement of Servicesource Foundation Inc?
The Servicesource Foundation Inc's mission is centered around providing funding for underfunded or unfunded programs that cater to individuals with disabilities. Established as a 509(c)(3) not-for-profit organization in 2004, it raises donor support to bridge financial gaps for critical programs operated by Servicesource, Inc., and its affiliated organizations. The foundation, governed by a volunteer board of trustees, allocates nearly all of its donations directly towards supporting people and programs under Servicesource. It often provides start-up funding for new initiatives and gap funding for underfunded programs across all Servicesource regional offices. In FY 2022, the foundation allocated funds to various programs in their five regional offices, including family support services, long-term community integration services, and autism services, among others. Donors can designate a specific geographic region or program when making donations to the Servicesource Foundation.
Official website here: www.servicesource.org
Who is the CEO of Servicesource Foundation Inc?
Bruce Patterson is the Chief Executive Officer of Servicesource Foundation Inc. The CEO's salary of Servicesource Foundation Inc is $0 and their total compensation is $575,778.
Official website here: www.servicesource.org
What is the revenue of Servicesource Foundation Inc?
Servicesource Foundation Inc's revenue in 2022 was $2,650,558.
Official website here: www.servicesource.org
Who are the executives of Servicesource Foundation Inc and what are their salaries?
There 12 volunteers at Servicesource Foundation Inc.
Here are 17 key members and their salaries (Servicesource Foundation Inc's CEO's salary is $0 and their total compensation is $575,778):
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- Related: $535,873
- Other: $39,905
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- Related: $446,163
- Other: $37,962
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- Related: $337,663
- Other: $37,763
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- Related: $329,708
- Other: $16,797
Official website here: www.servicesource.org
Where can I find the form 990 for Servicesource Foundation Inc?
Servicesource Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.servicesource.org
Learn more at the official website: www.servicesource.org
Mission Statement of Servicesource Foundation Inc
Servicesource Foundation Inc, a 501(c)(3) organization established in 2004, is dedicated to providing funding for under-funded or unfunded programs that support individuals with disabilities. Its mission is to bridge the gap in financial resources for critical programs run by Servicesource Inc and its affiliated organizations. By doing so, the Foundation aims to build more inclusive communities by facilitating services, resources, and partnerships for people with disabilities and their families, caregivers, and community members.
The Servicesource Foundation operates as a separate entity governed by a volunteer board of trustees. It is committed to using 99% of its donations directly towards supporting the people and programs of Servicesource. The Foundation often provides startup funding for new initiatives and gap funding for under-funded or unfunded programs across all Servicesource regional offices. This support allows these programs to continue providing essential services to individuals with disabilities.
In FY 2022, the Servicesource Foundation allocated nearly $700,000 to various programs, including Family Support Services, Long Term Community Integration Services, Autism Services, and more. These funds supported initiatives in all five Servicesource regions, demonstrating the Foundation's commitment to providing equal opportunities and resources nationwide. Donors can specify a geographic region or a particular program when making contributions to the Servicesource Foundation, allowing them to directly impact the lives of individuals with disabilities in their local communities.
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Impact
August, 2024
Servicesource Foundation Inc's impact is significant in supporting unfunded or under-funded programs for people with disabilities. By providing crucial gap funding, they enable Servicesource, Inc. and its affiliated organizations to deliver essential services, resources, and partnerships to individuals with disabilities and their families. The foundation's initiatives, such as the Community Assistance Endowment, have helped create inclusive communities by offering individual assistance grants to remove barriers and promote personal and professional success. In FY 2022 alone, nearly $700,000 was allocated to various programs across different regions, ranging from family support services to customized employment and autism services. Through targeted funding and strategic partnerships, Servicesource Foundation Inc plays a vital role in improving the quality of life for individuals with disabilities in Virginia, North Carolina, Delaware, Utah, and Florida.
This information is meant to be a general summary of Servicesource Foundation 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: $224,491
- Gross Receipts: $2,650,558
Assets and Liabilities:
- Total Assets: $13,324,908
- Total Liabilities: $0
- Net Assets: $13,324,908
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Organization Details
Founding Year
2004
Phone
(703) 461-6000Principal Officer
Bruce Patterson
Main Address
10467 WHITE GRANITE DRIVE, OAKTON, VA, 22124
Website
www.servicesource.orgNTEE Category
Code: P11 - Human services
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