Overview
What is U-Co Industries Inc?
U-Co Industries Inc, located in Maryville, Ohio, is a dedicated nonprofit organization that offers meaningful employment opportunities to adults with developmental disabilities. By providing an inclusive work environment, U-Co ensures that these individuals are gainfully employed, earning hourly or piece-rate wages, and contributing to a thriving business. The organization's primary mission is to create employment opportunities for adults with developmental disabilities, fostering their independence and integration into society. With a team of 150 employees, U-Co Industries Inc is committed to empowering these individuals and promoting their full participation in the workforce.
Official website here: www.ucoindustries.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating.
U-Co Industries Inc has a rating of 56%, which indicates a need for improvement in various operational areas. The organization has demonstrated strong accountability measures, including 100% independent board members and a robust audit and oversight committee. However, the overall financial health is concerning, particularly due to a low program expense ratio of 49.85%, which suggests that less than half of its expenses are directed toward its programs.
While the organization adheres to several best practices, such as having effective conflict of interest and whistleblower policies in place, it falls short in some critical areas. Notably, the absence of the tax form on its website and a liabilities to assets ratio of 17.61% are significant drawbacks. These factors contribute to the low score in accountability and finance, emphasizing the need for greater transparency and improved financial management.
Potential donors should weigh this rating carefully, as it reflects both the strengths and weaknesses of U-Co Industries Inc. While the organization has established a solid governance framework, its financial metrics indicate a need for greater efficiency and effectiveness in utilizing its resources for programmatic purposes.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about U-Co Industries Inc?
92% of reviewers on Facebook recommend U-Co Industries Inc. Here is a summary of their feedback:
Many contributors express positive sentiments about U-Co Industries Inc., particularly highlighting its role as a supportive workplace for seniors. The environment in which the organization operates is described as inclusive and beneficial, catering to the needs of older individuals seeking employment. Reviewers appreciate the opportunities provided and acknowledge the value of the services offered.
Overall, the nonprofit seems to resonate well with its target audience, suggesting that it successfully fulfills its mission of supporting and employing seniors in a thoughtful manner.
This AI summary has been generated from reviews found on Facebook.
Is U-Co Industries Inc legitimate?
U-Co Industries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. U-Co Industries 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: $248,412
Professional Fundraising Fees: $0
Other Salaries and Wages: $144,800
For more financial information, click here
Official website here: www.ucoindustries.com
What is the mission statement of U-Co Industries Inc?
U-Co Industries Inc, as an organization, is committed to providing paid employment opportunities in an integrated setting for adults with developmental disabilities. This mission is carried out by offering training and employment, ensuring these individuals are remunerated with hourly or piece-rate wages, and securing business that generates income. By doing so, U-Co Industries aims to offer a meaningful work environment and contribute to their overall development and independence.
Official website here: www.ucoindustries.com
Who is the CEO of U-Co Industries Inc?
Cindy Shanklin is the President of U-Co Industries Inc. The CEO's salary of U-Co Industries Inc is $114,767 and their total compensation is $135,166.
Official website here: www.ucoindustries.com
What is the revenue of U-Co Industries Inc?
U-Co Industries Inc's revenue in 2022 was $1,227,982.
Official website here: www.ucoindustries.com
Who are the executives of U-Co Industries Inc and what are their salaries?
The average compensation at U-Co Industries Inc during 2022 was $2,621. There are 150 employees at U-Co Industries Inc.
Here are 11 key members and their salaries (U-Co Industries Inc's CEO's salary is $114,767 and their total compensation is $135,166):
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- Compensation: $114,767
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- Other: $20,399
- Compensation: $65,048
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- Other: $4,960
Official website here: www.ucoindustries.com
Where can I find the form 990 for U-Co Industries Inc?
U-Co Industries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ucoindustries.com
Learn more at the official website: www.ucoindustries.com
Mission Statement of U-Co Industries Inc
U-Co Industries Inc, as a mission-driven organization, is committed to providing paid employment opportunities in an integrated setting for adults with developmental disabilities. This pioneering nonprofit goes beyond offering employment; it ensures these individuals receive fair wages, either hourly or based on piece rate, and secures business that generates income. By doing so, U-Co Industries not only empowers adults with disabilities by providing them with meaningful work but also contributes to their financial independence. This holistic approach to employment fosters a sense of purpose and dignity, enabling these individuals to contribute positively to their communities.
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Impact
October, 2024
U-Co Industries Inc significantly impacts the lives of adults with developmental disabilities by providing them with paid employment opportunities in an integrated setting. This organization focuses on creating an inclusive work environment where individuals can gain valuable training and experience. By employing these adults, U-Co Industries not only offers financial compensation through hourly or piece-rate wages but also promotes their social integration and personal development.
The company operates within the community in Marysville, Ohio, and plays a crucial role in enhancing the quality of life for its employees. By securing meaningful work and generating income through various business avenues, U-Co Industries contributes to the overall economic stability of its workforce. The emphasis on employment empowers individuals, fosters independence, and encourages personal growth, ultimately helping to break down barriers and stereotypes associated with developmental disabilities. Through its mission, U-Co Industries Inc sets a vital precedent for inclusive employment practices and serves as a model for other organizations to follow.
This information is meant to be a general summary of U-Co Industries 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: $1,522
- Program Service Revenue: $755,871
- Gross Receipts: $9,725,975
Assets and Liabilities:
- Total Assets: $7,186,883
- Total Liabilities: $731,572
- Net Assets: $6,455,311
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DOCUMENT SHREDDING
Revenue
$476,723
COUNTY SERVICE AGREEMENT
Revenue
$150,000
RENTAL INCOME
Revenue
$129,148
Organization Details
Founding Year
1974
Phone
(937) 645-6756Principal Officer
Cindy Shanklin
Main Address
16900 SQUARE DRIVE NO 110, MARYSVILLE, OH, 43040
Website
www.ucoindustries.comNTEE Category
Code: J30 - Employment
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