Overview
What is Minnesota River Area Agency On Aging Inc?
Minnesota River Area Agency On Aging Inc, located in Mankato, Minnesota, is a dedicated nonprofit organization that focuses on supporting older adults and their caregivers in the region. With a team of 48 employees, they fund essential services to help these individuals live independently at home. They collaborate with local communities, counties, and health and social service providers to enhance the capacity to cater to the needs of an aging population. Through their Senior Linkage Line, they provide information about services, financial assistance, and healthcare coverage to those aged 60 and above, as well as their caregivers. Their mission is to enable older adults to maintain their desired lifestyle while ensuring the availability of necessary services and assistance.
Official website here: www.mnraaa.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 87% (Three-Star out of Four Star Rating)**
The Minnesota River Area Agency On Aging Inc has received a rating of 87%, which reflects a solid commitment to accountability and financial management. The organization's score is based entirely on a single beacon score that emphasizes its financial practices. Notably, it boasts 100% independent board members and high scores in areas such as financial statement oversight and conflict of interest policies.
Strengths highlighted include the agency's effective use of resources, with an impressive program expense ratio of 94.42%, indicating that the majority of funds are directed toward its mission. Additionally, the lack of any material diversion of assets and the transparent policies such as a whistleblower policy further demonstrate its accountability. However, the agency has a liabilities to assets ratio of 62.02%, which shows that there is a considerable level of financial obligations relative to its assets.
Unfortunately, user reviews from GreatNonprofits could not be accessed, so a more detailed sentiment analysis from constituents is not available. Overall, this organization appears to be well-structured in financial integrity, although its broader impact and community engagement aspects could not be assessed through current methodologies.
This AI summary has been generated from information found on Charity Navigator.
Is Minnesota River Area Agency On Aging Inc legitimate?
Minnesota River Area Agency On Aging Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota River Area Agency On Aging 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: $112,067
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,971,412
For more financial information, click here
Official website here: www.mnraaa.org
What is the mission statement of Minnesota River Area Agency On Aging Inc?
Minnesota River Area Agency On Aging Inc's mission is centered around empowering older adults in Southwest Minnesota. Their primary goal is to enable these seniors to maintain their preferred lifestyle. They strive to ensure that necessary services are readily available for older adults and their caregivers, achieving this by providing them with essential information and assistance. The organization funds core services to aid older adults living at home, collaborates with local communities to enhance capacity, and offers guidance on services, financial assistance, and health care coverage through the Senior Linkage Line. Their services cater to individuals aged 60 and above, along with their caregivers.
Official website here: www.mnraaa.org
Who is the CEO of Minnesota River Area Agency On Aging Inc?
Kandyce Peton is the Secretary of Minnesota River Area Agency On Aging Inc.
Official website here: www.mnraaa.org
What is the revenue of Minnesota River Area Agency On Aging Inc?
Minnesota River Area Agency On Aging Inc's revenue in 2022 was $8,378,949.
Official website here: www.mnraaa.org
Who are the executives of Minnesota River Area Agency On Aging Inc and what are their salaries?
The average compensation at Minnesota River Area Agency On Aging Inc during 2022 was $43,406. There are 48 employees and 66 volunteers at Minnesota River Area Agency On Aging Inc.
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- Compensation: $107,007
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- Other: $5,060
Official website here: www.mnraaa.org
Where can I find the form 990 for Minnesota River Area Agency On Aging Inc?
Minnesota River Area Agency On Aging Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mnraaa.org
Learn more at the official website: www.mnraaa.org
Mission Statement of Minnesota River Area Agency On Aging Inc
Minnesota River Area Agency On Aging Inc, abbreviated as MNRAAA, is committed to enhancing the quality of life for older adults residing in Southwest Minnesota. The organization's primary objective is to empower these individuals to maintain their preferred lifestyle, ensuring that necessary services and assistance are readily available. MNRAAA strives to meet the needs of both older adults and their caregivers by providing pertinent information and guidance.
To achieve its mission, MNRAAA funds essential services that enable older adults to live independently at home. This includes collaborating with various communities, counties, and health and social service providers to strengthen local capacity in catering to an aging population. By increasing the availability of resources, MNRAAA aims to create an environment where older adults can lead fulfilling lives with dignity and independence.
Additionally, MNRAAA operates a Senior Linkage Line, a valuable resource for older adults and their caregivers. This service provides information about accessible services, financial assistance, and healthcare coverage, ensuring that individuals have the tools necessary to navigate their later years with confidence and ease. By offering these vital resources, MNRAAA is dedicated to helping older adults in Southwest Minnesota thrive and maintain their preferred lifestyle with support and assistance.
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Impact
October, 2024
The Minnesota River Area Agency On Aging Inc (MNRAAA) plays a crucial role in enhancing the quality of life for older adults in Southwest Minnesota. By providing resources and information, MNRAAA empowers seniors to maintain their preferred lifestyles while living at home. This organization funds essential services and collaborates with local communities, counties, and health and social service providers, significantly increasing the capacity to address the needs of an aging population.
Through its efforts, MNRAAA ensures that older adults, as well as their caregivers, have access to vital information related to services, financial assistance, and healthcare coverage. The Senior LinkAge Line offered by MNRAAA serves as a critical resource, helping individuals aged 60 and over navigate the complexities of aging and available support.
By addressing these needs, MNRAAA not only supports the well-being of the elderly but also fosters community collaboration and development, ultimately enriching the entire region.
This information is meant to be a general summary of Minnesota River Area Agency On Aging 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: $2,333
- Program Service Revenue: $61,278
- Gross Receipts: $8,378,949
Assets and Liabilities:
- Total Assets: $2,521,518
- Total Liabilities: $1,487,471
- Net Assets: $1,034,047
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Contract Services
Revenue
$54,599
Miscellaneous
Revenue
$6,679
Organization Details
Founding Year
2007
Phone
(507) 387-1256Principal Officer
Kandyce Peton
Main Address
201 N Broad St 102, Mankato, MN, 56001
Website
www.mnraaa.orgNTEE Category
Code: P20 - Human services
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