Overview
What is Anchor Point Inc?
Anchor Point Inc is a non-profit organization based in Cambridge, Maryland, with the address 902 Peachblossom Avenue. Their mission encompasses community outreach initiatives, specifically focusing on running a food bank and day care center. Additionally, they offer mentoring and character-building programs, job training, and educational experiences for both youth and adults through various activities, aiming to empower individuals and contribute positively to their personal growth and development.
Official website here: www.anchorpointmd.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1-Star out of Four Stars (59%)
Anchor Point Inc has received a low rating of 59% from Charity Navigator, which translates to a One-Star designation. This score reflects concerns primarily in accountability and financial management. While the organization excels in having a fully independent board and maintains a low liabilities to assets ratio, it struggles with several governance policies that are either missing or not adequately addressed.
Strengths identified include a completely independent board and no material diversion of assets, indicating a stable internal structure. However, critical policies such as a conflict of interest policy, a whistleblower policy, and document retention guidelines are not in place. The organization also lacks transparency regarding its tax forms, which is a significant factor that could affect public trust and donor confidence.
Overall, while Anchor Point Inc demonstrates positive attributes in certain areas, the absence of key governance policies and transparency measures has contributed to its low overall score. These limitations suggest a need for improvement in operational practices to enhance accountability and financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Anchor Point Inc legitimate?
Anchor Point Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anchor Point 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.anchorpointmd.org
What is the mission statement of Anchor Point Inc?
Anchor Point Inc is dedicated to providing mentoring, character development, job training, and education experiences for both youth and adults. The organization achieves this through various activities, aiming to empower individuals and contribute to their personal growth. Notably, they are involved in community outreach projects, such as food banks and day care centers, further demonstrating their commitment to supporting the local community.
Official website here: www.anchorpointmd.org
Who is the CEO of Anchor Point Inc?
Alan Mcrae is the Executive Director & Board of Anchor Point Inc.
Official website here: www.anchorpointmd.org
What is the revenue of Anchor Point Inc?
Anchor Point Inc's revenue in 2023 was $160,024.
Official website here: www.anchorpointmd.org
Who are the executives of Anchor Point Inc and what are their salaries?
There 12 volunteers at Anchor Point Inc.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.anchorpointmd.org
Where can I find the form 990 for Anchor Point Inc?
Anchor Point Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.anchorpointmd.org
Learn more at the official website: www.anchorpointmd.org
Mission Statement of Anchor Point Inc
Anchor Point Inc, a non-profit organization, is dedicated to providing mentoring, character building, job training, and educational experiences for both youth and adults. Through various activities, the organization aims to empower individuals in their personal and professional growth. Community outreach projects, such as food banks and day care centers, are among the initiatives undertaken by Anchor Point Inc to make a difference in people's lives. By offering these opportunities, the organization strives to create a supportive environment that fosters personal development and self-improvement.
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Impact
June, 2024
Anchor Point Inc's impact is significant in fostering a positive environment for youth and adults by providing mentoring and character-building programs, job training, and educational experiences. Through various activities and community outreach projects such as operating a food bank and a daycare center, Anchor Point Inc is actively contributing to the growth and development of individuals in Cambridge, MD. These efforts not only benefit the participants directly involved but also have a ripple effect on the community by creating a supportive network and opportunities for personal and professional advancement.
This information is meant to be a general summary of Anchor Point 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: $21,833
- Program Service Revenue: $118,025
- Gross Receipts: $194,086
Assets and Liabilities:
- Total Assets: $508,905
- Total Liabilities: $5,033
- Net Assets: $503,872
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACILITY USE FEE
Revenue
$118,025
Organization Details
Founding Year
2009
Phone
(240) 876-5000Principal Officer
Alan Mcrae
Main Address
902 PEACHBLOSSOM AVENUE, CAMBRIDGE, MD, 21613
Website
www.anchorpointmd.orgNTEE Category
Code: C60 - Environment
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