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Golden String Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 341945521 ✦ Youngstown, OH ✦ Designated as a 501(c)(3)

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Overview

What is Golden String Inc?

Golden String Inc, located in Youngstown, Ohio, is a nonprofit organization dedicated to enriching the lives of individuals with disabilities in their surrounding communities. With a team of 55 employees, the organization provides counseling and training services to parents and advocates. Their mission is to assist these individuals and their families in leading a better quality of life. Golden String Inc accomplishes this by offering socialization, recreation, and community-based activities throughout Mahoning Valley. The organization aims to help adults and children with disabilities realize their full potential, fostering a supportive environment for their growth and development.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 82%, Three-Star out of Four Star Rating

Golden String Inc has achieved a solid score of 82%, reflecting a strong commitment to accountability and financial management. The rating is derived solely from its Accountability & Finance score, indicating that the charity has met the necessary standards in these areas. This includes having a fully independent board and no material diversion of assets, which enhances the organization's credibility.

The organization demonstrates transparency and effective governance, as evidenced by the audit and oversight committee and the documentation of board meeting minutes. Furthermore, Golden String Inc shows a healthy financial structure with a low liabilities to assets ratio of 5.01%, indicating a sustainable approach to managing its resources.

Despite its strengths, the rating does highlight that the overall score is based on a single beacon score. This means that while the charity excels in accountability and finance, other aspects of its operations have not been evaluated in this rating, which could provide a more comprehensive view of its impact and effectiveness.


This AI summary has been generated from information found on Charity Navigator.

Is Golden String Inc legitimate?

Golden String Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Golden String 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: $145,316

For more financial information, click here

What is the mission statement of Golden String Inc?

Golden String Inc's mission is centered around enhancing the quality of life for individuals with disabilities in various communities. Their primary goal is to aid adults and children with disabilities in realizing their full potential. This is achieved through the provision of socialization, recreational, and community-based activities. The organization's efforts are aimed at offering opportunities that allow these individuals to lead fulfilling lives. Additionally, Golden String Inc provides counseling and training for parents and advocates, with the ultimate aim of improving their and their children's quality of life.

Who is the CEO of Golden String Inc?

James F Sutman is the President of Golden String Inc.

What is the revenue of Golden String Inc?

Golden String Inc's revenue in 2022 was $691,556.

Who are the executives of Golden String Inc and what are their salaries?

The average compensation at Golden String Inc during 2022 was $2,642. There are 55 employees and 40 volunteers at Golden String Inc.


Here are 9 key members and their salaries:


David Blasko (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dini Ricchiuti (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Depascale (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joanne Franks (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Luke Liguore (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gina Pastella (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Megan Gambrel (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
James F Sutman (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jill Perencevic (Assistant Executive Direct)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Golden String Inc?

Golden String Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Golden String Inc

Golden String Inc, a nonprofit organization, is dedicated to enhancing the quality of life for individuals with disabilities in their surrounding communities. Their mission is to help these individuals, both children and adults, realize their fullest potential. They achieve this by providing socialization, recreational activities, and community-based programs throughout the Mahoning Valley. The organization's goal is to offer these opportunities to empower and enrich the lives of those with disabilities, enabling them to lead more fulfilling lives.

In addition to their primary mission, Golden String Inc offers counseling and training services. These services are designed to support parents and advocates, aiming to ultimately improve the quality of life for both the parents and their children with disabilities. By providing counseling and training, Golden String Inc equips these individuals with the necessary skills and resources to navigate the challenges associated with disabilities, ultimately leading to a better life for all involved.

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Impact




July, 2024

Golden String Inc's impact is evident in the enhancement of the quality of life for individuals with disabilities in Youngstown, Ohio, and its surrounding communities. Through a range of services such as counseling, training for parents and advocates, and community-based activities, Golden String Inc aims to support both adults and children with disabilities in realizing their fullest potential. By providing socialization, recreation, and valuable resources, this organization is dedicated to ensuring that individuals with disabilities lead a better quality of life and actively participate in their communities.




This information is meant to be a general summary of Golden String 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.

Revenue
$691,556 (2022)
Expenses
$405,659 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $293,854
  • Gross Receipts: $744,101

Assets and Liabilities:

  • Total Assets: $2,063,300
  • Total Liabilities: $37,756
  • Net Assets: $2,025,544

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM REVENUE

Revenue

$293,854

Organization Details

Founding Year

2000

Principal Officer

James F Sutman

Main Address

12 SOUTH PHELPS STREET, YOUNGSTOWN, OH, 44503

NTEE Category

Code: P82 - Human services

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