Overview
What is Fivecap Inc?
Fivecap Inc is a nonprofit organization situated in Scottsville, Michigan. Established under the Economic Opportunity Act of 1964, its mission is to empower low-income families and individuals, regardless of age, in rural areas, enabling them to become self-sufficient. One of their primary activities involves providing Head Start and Early Head Start services in Lake County, Manistee County, Mason County, and Newaygo County. These programs aim to enhance the school readiness of low-income preschool children (ages 3 to 5) by fostering cognitive, social, and emotional development in a supportive learning environment. The children's growth in areas such as language, literacy, mathematics, science, social and emotional functioning, creative art, physical skills, and approaches to learning is promoted. Additionally, parents benefit from social services and participate in decision-making processes related to the program operation. Fivecap Inc employs 98 individuals, underscoring its commitment to serving its community.
Official website here: www.fivecap.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%
Fivecap Inc has received a Four-Star out of Four Star rating from Charity Navigator, indicating a high level of accountability and financial transparency. The organization boasts independent board members, a solid program expense ratio of 87.54%, and no material diversion of assets, reflecting a commitment to using resources effectively for its programs.
However, user reviews highlight significant concerns regarding the work environment and organizational culture. Employees have described the atmosphere as regressive, with a heavy reliance on paper processes and a lack of technological integration. High turnover rates and poor personnel policies detract from the overall effectiveness of the organization, suggesting that while it serves the community well, it may not be a supportive workplace for staff.
Additionally, reviews mention questionable management practices, which could impact the organization’s ability to provide consistent services. Despite its strong financial ratings, the negative feedback from employees raises concerns about the internal operations and employee satisfaction that could ultimately affect service delivery to the community.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Fivecap Inc legitimate?
Fivecap Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fivecap 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: $281,932
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,593,570
For more financial information, click here
Official website here: www.fivecap.org
What is the mission statement of Fivecap Inc?
Fivecap Inc's mission is centered around empowering low-income families and individuals of all ages in rural areas to achieve self-sufficiency. Established under Title II of the Economic Opportunity Act of 1964, the agency utilizes all available state, federal, and private resources to enable these individuals to secure the necessary opportunities for self-sufficiency. The organization's programs are designed to focus on this objective, aiming to make a significant impact in the lives of those in need.
Official website here: www.fivecap.org
Who is the CEO of Fivecap Inc?
Mary L Trucks is the Executive Director of Fivecap Inc.
Official website here: www.fivecap.org
What is the revenue of Fivecap Inc?
Fivecap Inc's revenue in 2022 was $4,513,370.
Official website here: www.fivecap.org
Who are the executives of Fivecap Inc and what are their salaries?
The average compensation at Fivecap Inc during 2022 was $19,138. There are 98 employees and 300 volunteers at Fivecap Inc.
Here are 18 key members and their salaries:
- Compensation: $177,088
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- Other: $17,345
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Official website here: www.fivecap.org
Where can I find the form 990 for Fivecap Inc?
Fivecap Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fivecap.org
Learn more at the official website: www.fivecap.org
Mission Statement of Fivecap Inc
Fivecap Inc, established under Title II of the Economic Opportunity Act of 1964, has a mission to empower low-income families and individuals of all ages in rural areas. The agency's purpose is to harness all available state, federal, and private resources to help these individuals attain and secure the opportunities necessary for them to become self-sufficient. Fivecap Inc's programs are designed with this objective in mind, focusing on enabling rural low-income families and individuals to achieve self-sufficiency.
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Impact
July, 2024
Fivecap Inc's impact lies in its mission to enable low-income families and individuals in rural areas to attain self-sufficiency. Through its provision of Head Start and Early Head Start services in multiple counties, Fivecap Inc is actively promoting the school readiness of low-income preschool children. These services enhance cognitive, social, and emotional development in children while also providing support for parents through social services and involvement in decision-making processes. By focusing on empowering individuals and families to secure opportunities for self-sufficiency, Fivecap Inc plays a vital role in creating a more equitable and sustainable future for those in need.
This information is meant to be a general summary of Fivecap 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: $182
- Program Service Revenue: $54,684
- Gross Receipts: $4,519,161
Assets and Liabilities:
- Total Assets: $2,347,732
- Total Liabilities: $1,112,104
- Net Assets: $1,235,628
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAKE COUNTY COALITION
Revenue
$3,467
FAMILY SERVICE CENTER
Revenue
$15,516
HISTORIC IDLEWOOD CULTURAL CENTER
Revenue
$9,452
IMAGINATION LIBRARY (DOLLYWOOD FDN)
Revenue
$23,825
MPCA/MHEF COVID VACCINE GRANT
Revenue
$2,349
Organization Details
Founding Year
1965
Phone
(231) 757-3785Principal Officer
Mary L Trucks
Main Address
PO BOX 37, SCOTTVILLE, MI, 494540037
Website
www.fivecap.orgNTEE Category
Code: P20Z - Human services
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