Overview
What is Owens & Company?
Owens & Company is a nonprofit organization located in Willmar, Minnesota. With a focus on Representative Payee Services, they assist around 1600 clients who require help managing their finances. The organization's mission is to build strong partnerships with its clients, tailoring personalized budgets to meet their unique needs. With a team of 11 dedicated employees, Owens & Company is committed to providing quality financial support to those who require it.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Star rating.
Owens & Company has received a low overall score of 52%, indicating significant concerns regarding its accountability and financial practices. The charity scored particularly poorly in areas such as board independence and governance, with no independent board members or a conflict of interest policy in place. Despite a perfect program expense ratio, highlighting that all expenses are allocated to programs, the lack of proper financial transparency raises red flags for potential donors.
While the organization demonstrates a strong commitment to program funding, as evidenced by its 100% program expense ratio, the absence of critical governance policies suggests a need for improvement in organizational structure. For instance, the charity has not posted its tax forms on its website, which is a standard practice for transparency among nonprofits.
Additionally, although the liabilities to assets ratio appears healthy at 6.28%, the overall lack of accountability measures, such as a whistleblower policy and documentation retention practices, detracts from the charity's credibility. Donors are advised to exercise caution and consider these factors before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Owens & Company legitimate?
Owens & Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Owens & Company 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: $324,179
Professional Fundraising Fees: $0
Other Salaries and Wages: $251,963
For more financial information, click here
What is the mission statement of Owens & Company?
Owens & Company's mission is centered around providing exceptional Representative Payee Services for individuals requiring financial assistance. They are committed to establishing a collaborative relationship with their clients by tailoring budgets to cater to each individual's unique needs. The company's services have been extended to approximately 1600 clients, demonstrating their dedication to financial support and management.
What is the revenue of Owens & Company?
Owens & Company's revenue in 2023 was $1,040,942.
Who are the executives of Owens & Company and what are their salaries?
The average compensation at Owens & Company during 2023 was $48,012. There are 12 employees at Owens & Company.
There is 1 key member and their salary:
- Compensation: $324,179
- Related: $0
- Other: $0
Where can I find the form 990 for Owens & Company?
Owens & Company's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Owens & Company
Owens & Company, a renowned organization, is dedicated to delivering high-quality Representative Payee Services. Their mission revolves around assisting individuals who require help managing their finances. The company takes pride in establishing a collaborative partnership with each client, tailoring a budget that caters to their unique needs. By doing so, Owens & Company ensures that their services are personalized and effective, enabling individuals to maintain financial stability. Through their mission, they have provided Representative Payee Services to approximately 1600 clients, demonstrating their commitment to financial assistance and client-centered approaches.
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Impact
October, 2024
Owens & Company has made a significant impact by offering quality Representative Payee Services to individuals in need of financial assistance. By serving approximately 1,600 clients, the organization focuses on fostering partnerships that help clients establish personalized budgets to meet their unique financial situations. This tailored approach ensures that clients receive the support necessary to manage their finances effectively, promoting their independence and enhancing their overall well-being. Based in Willmar, Minnesota, Owens & Company plays a vital role in the community by empowering individuals to take control of their financial lives.
This information is meant to be a general summary of Owens & Company. 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.
- Program Service Revenue: $1,027,192
- Gross Receipts: $1,040,942
Assets and Liabilities:
- Total Assets: $102,322
- Total Liabilities: $6,436
- Net Assets: $95,886
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Representative Payee Se
Revenue
$1,027,192
Organization Details
Founding Year
2008
Principal Officer
Mark M Owens
NTEE Category
Code: P20 - Human services
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