Overview
What is Pinnacle Opportunities Inc?
Pinnacle Opportunities Inc is a charitable organization, established under Section 501(C)(3) of the Internal Revenue Code, based in Galesburg, Illinois. Their primary mission is to provide and operate long-term care facilities and related services for individuals with developmental disabilities. They currently manage six facilities, housing a combined total of 88 beds, dedicated to catering to this specific group of individuals without discrimination based on race, religion, color, sex, creed, or national origin. The organization's operations are focused on creating suitable residential, nursing, and other related facilities for the elderly, mentally retarded, mentally ill, developmentally disabled, and individuals with similar conditions. The organization employs a team of 109 individuals to fulfill its mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
Pinnacle Opportunities Inc has achieved a commendable rating of 86% from Charity Navigator, reflecting robust accountability and financial practices. This score is derived from a comprehensive assessment of its financial management, underscoring the charity's commitment to transparency and responsible stewardship of resources. The high score signifies that the organization has established strong governance structures, including a fully independent board and effective oversight mechanisms.
The organization stands out for its meticulous financial practices, demonstrated by a program expense ratio of 92.58%. This indicates that a significant majority of its funding is directed toward its programs rather than administrative costs. Additionally, the absence of any material diversion of assets and a solid liabilities to assets ratio exemplify its financial stability and responsible asset management.
While the organization exhibits strong financial health and governance, the overall rating is based solely on accountability and finance metrics. There may be additional dimensions of effectiveness or impact on the community that are not captured in this single beacon score. Therefore, while Pinnacle Opportunities Inc shows promise in financial management, stakeholders might consider seeking further information on its programmatic outcomes and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Pinnacle Opportunities Inc legitimate?
Pinnacle Opportunities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pinnacle Opportunities 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: $3,095,639
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What is the mission statement of Pinnacle Opportunities Inc?
Pinnacle Opportunities Inc, a charitable organization as per the Internal Revenue Code, is dedicated to providing and operating long-term care facilities for individuals with developmental disabilities. Their mission, as stated in their articles of incorporation, is to build, lease, acquire, and operate residential, nursing, and related facilities for individuals with various conditions, including the elderly, mentally retarded, mentally ill, and developmentally disabled. The organization is committed to serving individuals regardless of their race, religion, color, sex, creed, or national origin, and it does not engage in the practice of medicine or render licensed professional services.
Who is the CEO of Pinnacle Opportunities Inc?
Jeffrey Shaw is the President of Pinnacle Opportunities Inc.
What is the revenue of Pinnacle Opportunities Inc?
Pinnacle Opportunities Inc's revenue in 2023 was $5,476,467.
Who are the executives of Pinnacle Opportunities Inc and what are their salaries?
The average compensation at Pinnacle Opportunities Inc during 2023 was $28,400. There are 109 employees and 4 volunteers at Pinnacle Opportunities Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Pinnacle Opportunities Inc?
Pinnacle Opportunities Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Pinnacle Opportunities Inc
Pinnacle Opportunities Inc, a charitable organization, is dedicated to serving individuals with special needs, including the elderly, mentally ill, mentally retarded, and those with developmental disabilities. According to their articles of incorporation, the organization's mission is defined under Section 501(c)(3) of the Internal Revenue Code of 1986. This mission empowers Pinnacle Opportunities Inc to construct, lease, acquire, and operate residential facilities, nursing facilities, and other related services for these individuals. Crucially, the organization does not discriminate based on race, religion, color, sex, creed, or national origin. Furthermore, Pinnacle Opportunities Inc refrains from engaging in the practice of medicine or rendering licensed professional services.
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Impact
October, 2024
Pinnacle Opportunities Inc significantly impacts the lives of individuals with developmental disabilities by providing specialized long-term care facilities designed to meet their unique needs. Operating six facilities with a total of 88 beds in Galesburg, Illinois, the organization offers a supportive and nurturing environment where residents receive tailored care and services.
This commitment to inclusivity ensures that individuals from various backgrounds have access to vital resources and care without discrimination based on race, religion, or other personal characteristics. The organization focuses on empowering residents to thrive in a dignified setting while maintaining their well-being and enhancing their quality of life.
By fostering a compassionate community, Pinnacle Opportunities Inc plays a critical role in addressing the challenges faced by individuals with developmental disabilities and their families, thereby positively contributing to the overall well-being of the community it serves.
This information is meant to be a general summary of Pinnacle Opportunities 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 2023.
- Investment Income: $144,212
- Program Service Revenue: $5,247,771
- Gross Receipts: $5,476,467
Assets and Liabilities:
- Total Assets: $6,410,319
- Total Liabilities: $1,603,514
- Net Assets: $4,806,805
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICARE & MEDICAID
Revenue
$4,609,385
PRIVATE PAY RESIDENT S
Revenue
$600,920
AID TRAINING INCOME
Revenue
$37,466
Organization Details
Founding Year
1996
Phone
(309) 343-1550Principal Officer
Jeffrey Shaw
Main Address
285 S FARNHAM ST, GALESBURG, IL, 614015323
NTEE Category
Code: P70 - Human services
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