Overview
What is Svrc Industries Inc?
Svrc Industries Inc, located at 203 S Washington Ave, Suite 350, Saginaw, MI, 48607, is a nonprofit organization dedicated to creating and sustaining opportunities and support systems for individuals facing barriers to employment and community access. With a team of 297 employees, they are committed to providing assistance to those in need. Their mission encompasses fostering a community where everyone has the chance to succeed, regardless of the obstacles they may face. Based in the Great Lakes Bay area of Michigan, Svrc Industries aims to empower individuals and help them overcome employment and community access challenges.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Svrc Industries Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization excels in various metrics, notably maintaining 100% independent board members and a high program expense ratio of 85.87%, indicating that a significant portion of its funds is allocated directly to its programs. The charity's financial management practices, including having a robust audit and oversight committee, further enhance its credibility.
The organization demonstrates a high level of transparency with policies in place for conflict of interest, whistleblowing, and document retention, all receiving perfect scores. Additionally, there has been no material diversion of assets reported, showcasing a commitment to ethical governance and operational integrity. The liabilities to assets ratio stands at 45.70%, which suggests a balanced financial position.
While the data highlights significant strengths, it is important to continue monitoring the organization’s performance and community impact to ensure sustainable practices. Overall, Svrc Industries Inc appears to be a well-managed nonprofit that prioritizes accountability and effective program delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Svrc Industries Inc legitimate?
Svrc Industries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Svrc 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: $738,608
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,384,615
For more financial information, click here
What is the mission statement of Svrc Industries Inc?
Svrc Industries Inc is dedicated to creating and sustaining opportunities and support systems for individuals facing barriers to employment and community access. Their mission is to make a positive impact on the lives of these individuals by providing the necessary resources and assistance to help them overcome their challenges. The organization focuses on empowering people to reach their full potential and become active members of their communities. They offer various programs and services to help individuals gain employment and improve their overall quality of life. For example, they may provide job training, vocational counseling, and mentoring to help individuals secure employment and build the skills they need to succeed in the workforce. Additionally, they may offer community integration programs to help individuals build social connections and become more engaged in their communities. Overall, Svrc Industries Inc is committed to helping individuals facing barriers to employment and community access overcome these challenges and lead fulfilling lives.
Who is the CEO of Svrc Industries Inc?
Dean Emerson is the President/Co of Svrc Industries Inc. The CEO's salary of Svrc Industries Inc is $172,360 and their total compensation is $210,839.
What is the revenue of Svrc Industries Inc?
Svrc Industries Inc's revenue in 2022 was $12,194,625.
Who are the executives of Svrc Industries Inc and what are their salaries?
The average compensation at Svrc Industries Inc during 2022 was $17,250. There are 297 employees and 11 volunteers at Svrc Industries Inc.
Here are 15 key members and their salaries (Svrc Industries Inc's CEO's salary is $172,360 and their total compensation is $210,839):
- Compensation: $235,389
- Related: $0
- Other: $16,704
- Compensation: $172,360
- Related: $0
- Other: $38,479
- Compensation: $121,155
- Related: $0
- Other: $20,839
- Compensation: $118,663
- Related: $0
- Other: $15,019
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Svrc Industries Inc?
Svrc Industries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Svrc Industries Inc
Svrc Industries Inc, a mission-driven organization, is dedicated to creating and sustaining opportunities and support systems for individuals facing barriers to employment and community access. By focusing on this crucial aspect, the nonprofit aims to make a significant impact on the lives of those it serves.
In practice, Svrc Industries Inc implements its mission through various initiatives. One such initiative is the Great Lakes Bay Mi Works Path. This program is designed to provide assistance to individuals in their employment journey. By offering support and resources, Svrc Industries Inc empowers these individuals to overcome the challenges they face and ultimately secure employment.
The organization's unwavering commitment to its mission is reflected in its daily operations. By creating opportunities and support systems, Svrc Industries Inc enables people to overcome the often insurmountable barriers that prevent them from fully participating in their communities. This, in turn, leads to improved quality of life and increased self-sufficiency for the individuals it serves.
In essence, Svrc Industries Inc is more than just an organization; it is a beacon of hope and opportunity for those who face significant challenges in employment and community access. Through its dedicated efforts, it creates an inclusive and supportive environment that fosters growth and empowerment.
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Impact
October, 2024
Svrc Industries Inc plays a crucial role in enhancing the lives of individuals facing barriers to employment and community access in the Great Lakes Bay region of Michigan. By creating and sustaining opportunities, the organization helps individuals navigate the challenges they encounter while seeking employment. Its initiatives, such as the Great Lakes Bay Works Path, provide essential support systems that empower these individuals to overcome obstacles and achieve their career goals.
Through targeted programming, Svrc Industries Inc not only aids in job placement but also fosters a sense of belonging and community engagement among participants. This impact extends beyond individual success, contributing to a more inclusive and vibrant local economy in Saginaw and surrounding areas. By addressing barriers to employment, the organization enhances overall community well-being, demonstrating a commitment to social equity and economic development.
This information is meant to be a general summary of Svrc 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.
- Investment Income: $20,171
- Program Service Revenue: $2,419,790
- Gross Receipts: $12,194,625
Assets and Liabilities:
- Total Assets: $31,187,008
- Total Liabilities: $14,125,261
- Net Assets: $17,061,747
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$1,057,941
SALES
Revenue
$711,458
JANITORIAL CONTRACTS
Revenue
$539,440
ISD PROGRAM PARTNERSHIPS
Revenue
$110,951
Organization Details
Founding Year
1962
Principal Officer
Dean Emerson
Main Address
203 S WASHINGTON AVE SUITE 350, SAGINAW, MI, 48607
NTEE Category
Code: J330 - Employment
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