Overview
What is Meigs Industries Inc?
Meigs Industries Inc, situated in Syracuse, Ohio, is a distinguished nonprofit organization that specializes in sheltered workshop programs. This type of organization offers essential services for developmentally disabled individuals and centers. The primary mission of Meigs Industries is to create an inclusive environment where these individuals can develop skills and gain employment opportunities. Through their dedicated work, they contribute positively to the community by providing valuable assistance to those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Meigs Industries Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance with a score of 79%. This rating is based solely on their Accountability & Finance metrics, reflecting the organization's commitment to responsible financial practices.
The organization demonstrates strong governance with a fully independent board, achieving full points in areas such as board independence and financial oversight. Furthermore, they have robust policies in place, including conflict of interest and whistleblower policies, and maintain comprehensive documentation of board meeting minutes. Program expenses are commendably high at 87.66%, indicating that a significant portion of their funds are allocated toward their mission.
However, Meigs Industries Inc faces challenges in their liabilities to assets ratio, scoring 0 out of 15 points in this area. This suggests potential concerns regarding financial stability that may need to be addressed to improve their overall financial health. Despite this limitation, the organization’s strong accountability measures and effective use of resources reflect positively on their overall operations.
This AI summary has been generated from information found on Charity Navigator.
Is Meigs Industries Inc legitimate?
Meigs Industries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Meigs 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: $65,605
Professional Fundraising Fees: $0
Other Salaries and Wages: $472,895
For more financial information, click here
What is the mission statement of Meigs Industries Inc?
Meigs Industries Inc, as a sheltered workshop, is committed to offering programs that cater to developmentally disabled individuals and centers. Its mission is to provide essential services, aiming to enhance the capabilities and livelihoods of these individuals. The organization operates in an unspecified location, but its primary focus remains on empowering and supporting those with developmental disabilities. Meigs Industries Inc fosters an environment that encourages growth and independence, contributing to a more inclusive community.
Who is the CEO of Meigs Industries Inc?
Tom Price is the Ceo of Meigs Industries Inc. The CEO's salary of Meigs Industries Inc is $65,605 and their total compensation is $65,605.
What is the revenue of Meigs Industries Inc?
Meigs Industries Inc's revenue in 2022 was $824,120.
Who are the executives of Meigs Industries Inc and what are their salaries?
The average compensation at Meigs Industries Inc during 2022 was $10,559. There are 51 employees at Meigs Industries Inc.
Here are 6 key members and their salaries (Meigs Industries Inc's CEO's salary is $65,605 and their total compensation is $65,605):
- Compensation: $65,605
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Meigs Industries Inc?
Meigs Industries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Meigs Industries Inc
Meigs Industries, as a sheltered workshop, is dedicated to offering programs and services for individuals with developmental disabilities. Situated in an unspecified location, this organization serves as a hub for providing opportunities and support for such centers. Their mission is centered around empowering and enabling these individuals, ensuring they can lead fulfilling and independent lives to the best of their abilities.
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Impact
October, 2024
Meigs Industries Inc plays a significant role in supporting individuals with developmental disabilities by offering specialized programs and services. Located in Syracuse, OH, this sheltered workshop empowers participants through meaningful employment opportunities, fostering skill development and independence. By focusing on the unique needs of this community, Meigs Industries not only enhances the lives of individuals but also promotes inclusivity within the workforce. The organization's commitment to providing a supportive environment helps break down barriers, enabling individuals to achieve personal growth and greater autonomy. Overall, Meigs Industries Inc has a transformative impact, contributing to the social and economic well-being of both its participants and the wider community.
This information is meant to be a general summary of Meigs 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.
- Program Service Revenue: $824,120
- Gross Receipts: $824,120
Assets and Liabilities:
- Total Assets: $361,809
- Total Liabilities: $298,847
- Net Assets: $62,962
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REVENUES FROM JOBS
Revenue
$824,120
Organization Details
Founding Year
1986
Phone
(740) 992-6681Principal Officer
Tom Price
Main Address
1310 CARLETON STREET, SYRACUSE, OH, 45779
NTEE Category
Code: J30 - Employment
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