Overview
What is Mill Race Center Inc?
Mill Race Center Inc, located at 900 Lindsey Street, Columbus, IN 47201, is a nonprofit organization with a mission to maximize opportunities for individuals over the age of 50, enabling them to lead independent, healthy, and meaningful lives. Their primary service is Meals on Wheels, offered to senior members for a fee. With a team of 13 dedicated employees, Mill Race Center Inc strives to make a positive impact on the lives of its elderly community by providing essential support and fostering a sense of independence.
Official website here: www.millracecenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating
Mill Race Center Inc has achieved an impressive score of 96%, reflecting a strong focus on accountability and finance. With a four-star rating, this nonprofit demonstrates effective management and financial stewardship. The rating is solely based on the Accountability & Finance beacon, indicating a commitment to transparency and responsible governance practices.
The organization boasts a fully independent board, with all 11 members meeting the criteria for independence. This governance structure, combined with strong financial oversight—evidenced by a well-functioning audit and oversight committee—enhances the nonprofit's credibility. Furthermore, Mill Race Center Inc has no recorded material diversion of assets, showcasing its integrity in financial operations.
In terms of program spending, the nonprofit allocates a substantial 83.04% of its expenses directly to its programs, ensuring that the majority of its resources are dedicated to fulfilling its mission. The low liabilities to assets ratio of 6.62% further signifies a solid financial position, allowing for sustainability and continued impact in the community. Overall, Mill Race Center Inc stands out for its strong governance and effective use of funds.
This AI summary has been generated from information found on Charity Navigator.
Is Mill Race Center Inc legitimate?
Mill Race Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mill Race Center 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: $92,230
Professional Fundraising Fees: $0
Other Salaries and Wages: $246,171
For more financial information, click here
Official website here: www.millracecenter.org
What is the mission statement of Mill Race Center Inc?
The Mill Race Center Inc's mission is centered around enhancing opportunities for individuals over the age of fifty. Their objective is to help these individuals lead independent, healthy, and meaningful lives. The organization strives to accomplish this mission by providing various resources and services. One of their offerings is a Meals on Wheels service, available for senior citizen members at a fee. This service aims to contribute to their members' health and well-being. The Center's activities are geared towards empowering older adults to live fulfilling lives, promoting independence and overall wellness.
Official website here: www.millracecenter.org
Who is the CEO of Mill Race Center Inc?
Marla Satterfield is the Executive Director of Mill Race Center Inc.
Official website here: www.millracecenter.org
What is the revenue of Mill Race Center Inc?
Mill Race Center Inc's revenue in 2022 was $794,447.
Official website here: www.millracecenter.org
Who are the executives of Mill Race Center Inc and what are their salaries?
The average compensation at Mill Race Center Inc during 2022 was $26,031. There are 13 employees and 78 volunteers at Mill Race Center Inc.
Here are 9 key members and their salaries:
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Official website here: www.millracecenter.org
Where can I find the form 990 for Mill Race Center Inc?
Mill Race Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.millracecenter.org
Learn more at the official website: www.millracecenter.org
Mission Statement of Mill Race Center Inc
Mill Race Center Inc is dedicated to enhancing the lives of individuals over the age of fifty. Their mission is to create opportunities that enable these citizens to lead independent, healthy, and meaningful lives. The organization strives to maximize these opportunities, ensuring that older adults can continue to thrive and maintain their quality of life. One of the ways Mill Race Center Inc achieves this is by offering a Meals on Wheels service to senior citizen members for a fee. This service not only provides nutritious meals but also helps to promote social interaction and independence among its members. By focusing on the needs and interests of older adults, Mill Race Center Inc aims to enrich their lives and contribute to their overall well-being.
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Impact
October, 2024
Mill Race Center Inc significantly enhances the quality of life for individuals over the age of fifty in Columbus, IN. By focusing on promoting independence, health, and meaningful engagement, it provides a vital support system for seniors. One of its key services, Meals on Wheels, ensures that members receive nutritious meals delivered to their homes, catering specifically to their dietary needs and fostering a sense of connection. This not only alleviates food insecurity but also encourages social interaction, as participants often engage with volunteers during meal deliveries. Through various programs and activities, Mill Race Center nurtures a vibrant community where seniors can thrive, engage with others, and participate in enriching experiences that contribute to their overall well-being.
This information is meant to be a general summary of Mill Race Center 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: $2,589
- Program Service Revenue: $320,577
- Gross Receipts: $835,669
Assets and Liabilities:
- Total Assets: $1,020,714
- Total Liabilities: $97,342
- Net Assets: $923,372
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SENIOR CENTER TOUR INC
Revenue
$229,836
MEALS ON WHEELS
Revenue
$44,146
CONTRACTED SERVICES
Revenue
$28,067
PROGRAM REVENUE
Revenue
$9,587
Organization Details
Founding Year
1956
Phone
(812) 376-9241Principal Officer
Marla Satterfield
Main Address
900 LINDSEY STREET, COLUMBUS, IN, 47201
Website
www.millracecenter.orgNTEE Category
Code: P81 - Human services
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