Overview
What is Betsey Mills Corporation?
Betsey Mills Corporation is a charitable organization situated in Marietta, Ohio, with a workforce of 51 individuals. Their primary mission involves owning and operating a historic property exclusively for charitable purposes. This property serves as both a dormitory for needy adult females and a facility for promoting various educational programs. The organization's activities encompass a wide range of charitable initiatives, including daycare, preschool, swimming lessons, ballet classes, crafts, summer camps, and housing for women. Additionally, Betsey Mills Corporation promotes its charitable objectives through a variety of programs and events.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Star rating)
Betsey Mills Corporation has received a score of 58% from Charity Navigator, indicating significant room for improvement in its accountability and financial practices. The organization demonstrates strengths with a fully independent board, which is crucial for governance, and a solid liabilities to assets ratio. However, the absence of essential financial statements and other key documents on its website raises concerns about transparency.
The nonprofit has a program expense ratio of approximately 60%, which suggests that a moderate portion of its resources is allocated towards its programs. Nevertheless, the lack of a conflict of interest policy and missing financial documentation significantly impacts its overall assessment, pointing to potential governance risks that need to be addressed.
While the organization has implemented a whistleblower policy and maintains thorough board meeting minutes, the gaps in compliance with key transparency standards detract from its credibility. Stakeholders may want to seek further information and improvements regarding financial reporting and organizational policies before fully engaging with the Betsey Mills Corporation.
This AI summary has been generated from information found on Charity Navigator.
Is Betsey Mills Corporation legitimate?
Betsey Mills Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Betsey Mills Corporation 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: $539,679
For more financial information, click here
What is the mission statement of Betsey Mills Corporation?
The Betsey Mills Corporation's mission is centered around charitable endeavors. They primarily focus on operating a historic property exclusively for charitable purposes. This property serves as a dormitory for needy adult females and a platform for promoting and providing charity. Furthermore, the corporation uses the property to facilitate education programs, offering various activities such as daycare, preschool, swimming, ballet, crafts, and summer camps. Additionally, they provide housing for adult females and engage in other related charitable activities.
Who is the CEO of Betsey Mills Corporation?
Kerry J Waddle is the Executive Director of Betsey Mills Corporation.
What is the revenue of Betsey Mills Corporation?
Betsey Mills Corporation's revenue in 2022 was $1,058,914.
Who are the executives of Betsey Mills Corporation and what are their salaries?
The average compensation at Betsey Mills Corporation during 2022 was $10,582. There are 51 employees and 74 volunteers at Betsey Mills Corporation.
There is 1 key member and their salary:
- Compensation: $49,000
- Related: $0
- Other: $0
Where can I find the form 990 for Betsey Mills Corporation?
Betsey Mills Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Betsey Mills Corporation
Betsey Mills Corporation is dedicated to serving a noble cause, focusing on charitable activities. The organization's mission is twofold: it owns and operates a historic property exclusively for charitable purposes, and it promotes and provides charity. The property serves as a dormitory for needy adult females, offering them a safe haven. Additionally, Betsey Mills Corporation utilizes this property to promote its charitable endeavors and educational programs. The organization's efforts extend beyond the dormitory, providing various activities such as daycare, preschool, swimming, ballet, crafts, and summer camp. Furthermore, the corporation offers housing for female adults and other related activities, contributing to the betterment of the community.
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Impact
October, 2024
Betsey Mills Corporation significantly impacts the Marietta community by providing essential charitable services and facilities. By owning and operating a historic property, it serves as a dormitory for needy adult females, creating a safe and supportive environment for those in need. Additionally, the organization promotes various educational and recreational programs, including daycare, preschool, swimming, ballet, crafts, summer camps, and more. These initiatives not only enhance the quality of life for individuals but also foster community engagement and development. The corporation's multifaceted approach to charity and education plays a vital role in addressing social needs and empowering local residents through accessible programs and resources.
This information is meant to be a general summary of Betsey Mills Corporation. 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: $11,100
- Program Service Revenue: $505,017
- Gross Receipts: $1,058,914
Assets and Liabilities:
- Total Assets: $3,377,142
- Total Liabilities: $518,140
- Net Assets: $2,859,002
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DAYCARE
Revenue
$505,017
Organization Details
Founding Year
1937
Principal Officer
Kerry J Waddle
Main Address
300 4TH STREET, MARIETTA, OH, 45750
NTEE Category
Code: N31Z - Recreation
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