Overview
What is Somerset Community Action Program Inc?
Somerset Community Action Program Inc., located at 155 Pierce Street Suite F, Somerset, New Jersey 08873, is a dedicated nonprofit organization. It serves the residents of Somerset County, offering a multifaceted approach to community support. The organization's primary focus includes providing early childhood education programs, fostering financial literacy, and facilitating community planning. Additionally, Somerset Community Action Program Inc. offers nutritional support to ensure the well-being of its community members. With a team of 21 dedicated individuals, this nonprofit is committed to enhancing the lives of its residents by promoting educational growth, financial understanding, and community cooperation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Somerset Community Action Program Inc has received a Three-Star rating from Charity Navigator, reflecting an overall score of 79%. This rating is primarily based on the organization's accountability and finance practices, which received a strong score of 79%. The charity demonstrates solid governance with a fully independent board, which is crucial for maintaining transparency and trust.
Among its strengths, the organization has achieved top scores in areas such as financial oversight and the presence of a conflict of interest policy, indicating a commitment to ethical practices. Additionally, the program expense ratio is robust at 71.58%, suggesting that a significant portion of its resources is directed toward its mission-related activities.
However, the nonprofit faces some challenges, evidenced by a low score in the liabilities to assets ratio at 89.61%. This may indicate potential financial stability concerns, which could impact its long-term sustainability and ability to serve its community effectively. Overall, while the organization shows strong accountability practices, it will need to address its financial liabilities for continued effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Somerset Community Action Program Inc legitimate?
Somerset Community Action Program Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Somerset Community Action Program 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: $96,499
Professional Fundraising Fees: $0
Other Salaries and Wages: $521,701
For more financial information, click here
What is the mission statement of Somerset Community Action Program Inc?
The Somerset Community Action Program Inc., as a non-profit organization, is dedicated to serving its community by offering early childhood education programs, financial literacy courses, community planning initiatives, and nutritional support. Their mission is to enhance the lives of local residents by providing these essential services, aiming to foster personal growth and overall well-being. Through early education programs, they strive to set a strong foundation for young learners. Financial literacy classes aim to equip individuals with the necessary skills to manage their finances effectively. Community planning initiatives help engage and empower local communities, while nutritional support ensures the well-being of the residents by providing access to healthy food options.
Who is the CEO of Somerset Community Action Program Inc?
Lonnie Allgood is the Executive Director of Somerset Community Action Program Inc.
What is the revenue of Somerset Community Action Program Inc?
Somerset Community Action Program Inc's revenue in 2022 was $1,497,212.
Who are the executives of Somerset Community Action Program Inc and what are their salaries?
The average compensation at Somerset Community Action Program Inc during 2022 was $29,438. There are 21 employees and 67 volunteers at Somerset Community Action Program Inc.
Here are 9 key members and their salaries:
- Compensation: $83,229
- Related: $0
- Other: $21,500
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- Other: $0
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- Other: $0
Where can I find the form 990 for Somerset Community Action Program Inc?
Somerset Community Action Program Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Somerset Community Action Program Inc
Somerset Community Action Program Inc, a non-profit organization, is committed to improving the lives of residents in Somerset County. Their mission encompasses providing early childhood education programs, financial literacy lessons, community planning initiatives, and nutritional support. By offering these services, Somerset Community Action Program Inc aims to empower and uplift the community, ensuring a better future for its members. Their programs are designed to foster the growth and development of young children, equip adults with financial management skills, and promote community engagement and well-being through nutrition and planning. The organization's mission is a testament to its dedication to uplifting its community and fostering a sustainable, thriving environment for its residents.
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Impact
October, 2024
Somerset Community Action Program Inc significantly influences the lives of residents in Somerset County through its comprehensive offerings. By providing early childhood education programs, it lays a strong foundation for the youngest members of the community, ensuring they are ready for future academic success. The emphasis on financial literacy empowers individuals and families to make informed decisions, fostering economic stability and self-sufficiency.
Moreover, the organization's commitment to community planning enhances collaboration among local stakeholders, addressing the unique needs and challenges faced by the community. Nutritional support initiatives promote healthy eating habits and improve overall well-being, contributing to a healthier population. Together, these programs not only uplift individuals but also strengthen the fabric of the entire community, enhancing its resilience and capacity for self-improvement.
This information is meant to be a general summary of Somerset Community Action Program 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: $463,019
- Gross Receipts: $1,499,170
Assets and Liabilities:
- Total Assets: $350,682
- Total Liabilities: $237,491
- Net Assets: $113,191
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHILDCARE SERVICES
Revenue
$463,019
Organization Details
Founding Year
1965
Phone
(732) 846-8888Principal Officer
Lonnie Allgood
Main Address
155 PIERCE STREET SUITE F, SOMERSET, NJ, 08873
NTEE Category
Code: S20 - Community improvement
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