Overview
What is Tenco Foundation Inc?
Tenco Foundation Inc is a nonprofit organization committed to supporting the rehabilitation, training, employment, and personal growth of individuals with disabilities, handicaps, and disadvantaged backgrounds. They achieve this mission by providing funding for rehabilitation services and establishing supervised living and working facilities where these individuals can benefit from meaningful opportunities. The foundation's purpose is to empower these individuals, ultimately fostering their development and independence.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
The Tenco Foundation Inc has received a 73% rating from Charity Navigator, reflecting a Two-Star designation. This score signifies a focus on accountability and finance, with a perfect score in certain areas such as independent board member participation and a zero percent liability to assets ratio, indicating strong financial health.
Strengths of the organization include having a fully independent board of directors and no material diversion of assets, suggesting a commitment to transparency and ethical governance. Additionally, the foundation has demonstrated effective financial management, as evidenced by a program expense ratio of 100%, meaning all its expenses are directed towards its programs.
However, the overall rating remains modest at Two Stars, suggesting there may be other areas where the organization could improve to enhance its overall impact and effectiveness. While the foundation showcases excellent financial practices, it may benefit from a more robust evaluation across additional performance metrics to achieve a higher rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Tenco Foundation Inc legitimate?
Tenco Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tenco 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
What is the mission statement of Tenco Foundation Inc?
Tenco Foundation Inc's mission is centered around providing financial assistance to organizations that focus on rehabilitation services. These organizations aim to offer training, employment opportunities, and personal growth prospects to individuals with disabilities, handicaps, and disadvantaged backgrounds. This is achieved through the operation of supervised living and working facilities, where rehabilitation services are provided. The foundation's primary objective is to fund these organizations, thereby contributing to their mission of empowering the disadvantaged population to lead more independent and fulfilling lives.
Who is the CEO of Tenco Foundation Inc?
Dan Dowling is the Trustee of Tenco Foundation Inc.
What is the revenue of Tenco Foundation Inc?
Tenco Foundation Inc's revenue in 2023 was $63,732.
Who are the executives of Tenco Foundation Inc and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Tenco Foundation Inc?
Tenco Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Tenco Foundation Inc
Tenco Foundation Inc is an organization dedicated to providing funding for rehabilitation services. Their mission is centered around allocating resources to exempt organizations that have a purpose to offer rehabilitation, training, employment, and personal growth opportunities for individuals who are disabled, handicapped, or disadvantaged. This is achieved through the provision of supervised working and living facilities, with a focus on rehabilitation services. In essence, Tenco Foundation Inc supports organizations that help reintegrate these individuals into society by offering them the necessary tools for personal growth and independence.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Tenco Foundation Inc significantly enhances the lives of individuals with disabilities, handicaps, and disadvantages by allocating funding to organizations that provide essential rehabilitation services. These allocations support training, employment opportunities, and personal growth, empowering individuals to achieve greater independence and quality of life. By offering supervised working and living facilities, Tenco Foundation facilitates not just rehabilitation, but also fosters an environment where individuals can thrive and integrate more fully into their communities. This impact is particularly felt in Ottumwa, IA, where the foundation operates, addressing local needs and ensuring that those who are often marginalized have access to valuable resources and support.
This information is meant to be a general summary of Tenco 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 2023.
- Investment Income: $22,288
- Gross Receipts: $101,011
Assets and Liabilities:
- Total Assets: $652,936
- Total Liabilities: $0
- Net Assets: $652,936
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1975
Phone
(641) 682-7541Principal Officer
Dan Dowling
Main Address
C/O SOSB PO BOX 516, OTTUMWA, IA, 52501
NTEE Category
Code: Z99 - Unknown
If you are a representative of Tenco Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.