Overview
What is Independence Cay Inc?
Independence Cay Inc is a nonprofit organization situated in Marathon, Florida. Their primary mission is to support the homeless community by providing essential services. They operate a daily soup kitchen, serving an average of 35-45 individuals daily, and offering shower and laundry facilities for approximately 12-15 individuals daily. Additionally, they provide transitional housing for up to twelve men at a time. With a small team of five dedicated individuals, Independence Cay Inc strives to improve the lives of those in need by providing vital resources and support.
Official website here: www.independencecay.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
Independence Cay Inc has earned a 76% rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The organization has a fully independent board, with all seven members being independent, which is a strong point. Additionally, there are no reported material diversions of assets, and the charity has a perfect program expense ratio of 100%, signifying that all its expenses directly support its programs.
However, the nonprofit does have notable limitations in its governance practices. Specifically, it lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, all of which impacted its overall score negatively in those categories. While it demonstrates strong financial management and accountability, addressing these governance gaps could enhance its operational integrity and transparency.
In summary, while Independence Cay Inc shows commendable financial responsibility and has a fully independent board, improvement in governance policies would strengthen its nonprofit practices. Stakeholders may want to consider both the strengths and weaknesses when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Independence Cay Inc legitimate?
Independence Cay Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Independence Cay 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: $11,460
For more financial information, click here
Official website here: www.independencecay.org
What is the mission statement of Independence Cay Inc?
Independence Cay Inc is an organization dedicated to serving the needs of homeless individuals. They operate a daily soup kitchen, providing meals to around 35-45 people every day. Additionally, they offer shower and laundry facilities, catering to an average of 12-15 individuals daily. Beyond these basic necessities, they also provide transitional housing for up to twelve men at a time, aiming to assist them in their journey towards a more stable living situation.
Official website here: www.independencecay.org
Who is the CEO of Independence Cay Inc?
Marjorie Roberts is the President of Independence Cay Inc.
Official website here: www.independencecay.org
What is the revenue of Independence Cay Inc?
Independence Cay Inc's revenue in 2022 was $129,712.
Official website here: www.independencecay.org
Who are the executives of Independence Cay Inc and what are their salaries?
The average compensation at Independence Cay Inc during 2022 was $2,292. There are 5 employees at Independence Cay Inc.
Here are 8 key members and their salaries:
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Official website here: www.independencecay.org
Where can I find the form 990 for Independence Cay Inc?
Independence Cay Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.independencecay.org
Learn more at the official website: www.independencecay.org
Mission Statement of Independence Cay Inc
Independence Cay Inc, a nonprofit organization, is dedicated to providing essential services for the homeless community. The heart of their mission lies in operating a daily soup kitchen, open seven days a week, which serves an average of 35 to 45 individuals daily. Beyond food, they offer shower and laundry facilities, catering to the needs of around 12 to 15 individuals each day. Furthermore, they provide transitional housing for up to twelve men at a time, offering a stepping stone towards more stable living conditions. This comprehensive approach aims to support and uplift the homeless community, providing them with the necessities they need to improve their daily lives.
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Impact
October, 2024
Independence Cay Inc plays a vital role in supporting the homeless community in Marathon, Florida. By operating a daily soup kitchen, it provides nourishment to an average of 35-45 individuals every day, ensuring that those in need have access to a warm meal. Furthermore, the organization offers essential hygiene services, including showers and laundry facilities, which serve about 12-15 individuals daily.
In addition to these critical services, Independence Cay Inc offers transitional housing for up to twelve men at a time, providing a safe and supportive environment to help facilitate their journey towards independence. The comprehensive approach of providing food, hygiene, and housing support significantly enhances the quality of life for many individuals, fostering a sense of dignity and hope amidst challenging circumstances. Through these efforts, Independence Cay Inc not only addresses immediate needs but also contributes to the long-term well-being of the homeless population in the area.
This information is meant to be a general summary of Independence Cay 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: $6
- Program Service Revenue: $35,255
- Gross Receipts: $129,712
Assets and Liabilities:
- Total Assets: $107,072
- Total Liabilities: $3,940
- Net Assets: $103,132
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$35,255
Organization Details
Founding Year
2009
Phone
(305) 743-3121Principal Officer
Marjorie Roberts
Main Address
POBOX 500286, MARATHON, FL, 33050
Website
www.independencecay.orgNTEE Category
Code: P20 - Human services
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