Overview
What is Arkay Inc?
Arkay Inc, located at 15221 EUREKA ROAD, SOUTHGATE, MI 48195, is a nonprofit organization dedicated to supporting developmentally disabled adults. Their primary mission involves providing vocational services, with a focus on honing essential living skills, personal development, academic abilities, and community awareness. The ultimate goal is to empower these individuals towards achieving independence. The organization boasts a workforce of 75 dedicated professionals.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 98% (Four-Star out of Four Star rating)
Arkay Inc has received an impressive Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health, with a score of 98%. This rating is derived solely from the Accountability & Finance beacon, indicating that the organization is performing exceptionally well in managing its resources and maintaining transparency in its operations.
The organization boasts a fully independent board, which enhances its governance structure and decision-making process. With no material diversion of assets reported, a robust conflict of interest policy, and effective whistleblower protections in place, Arkay Inc demonstrates a strong commitment to ethical practices. Additionally, the high program expense ratio of 85.60% indicates that a significant portion of its resources is directed towards fulfilling its mission.
While the financial health appears solid, the data does not provide insights into the impact of Arkay Inc's programs or the community-specific outcomes achieved. The focus on financial accountability is commendable, but potential donors may seek more information on the organization’s effectiveness in achieving its broader mission beyond financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Arkay Inc legitimate?
Arkay Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arkay 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: $203,411
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,938,162
For more financial information, click here
What is the mission statement of Arkay Inc?
Arkay Inc is committed to providing vocational services for adults with developmental disabilities. Their mission is to equip these individuals with necessary skills for independence. This includes training in living skills, personal development, functional academics, and community awareness. The organization emphasizes the importance of vocational preparation, aiming to empower adult learners to lead independent lives. Arkay Inc's services extend beyond traditional education, fostering personal growth and community awareness.
Who is the CEO of Arkay Inc?
Kevin Mcguckin is the Secretary of Arkay Inc.
What is the revenue of Arkay Inc?
Arkay Inc's revenue in 2022 was $2,910,228.
Who are the executives of Arkay Inc and what are their salaries?
The average compensation at Arkay Inc during 2022 was $28,554. There are 75 employees and 11 volunteers at Arkay Inc.
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- Compensation: $156,179
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- Other: $22,881
Where can I find the form 990 for Arkay Inc?
Arkay Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Arkay Inc
Arkay Inc, a dedicated organization, is committed to providing vocational services for adults with developmental disabilities. Their mission is to equip these individuals with essential life skills, personal development, functional academics, and community awareness, with a strong emphasis on preparing them for independence. Through their services, Arkay Inc strives to empower these adults, helping them lead more independent and fulfilling lives.
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Impact
July, 2024
Arkay Inc makes a significant impact by providing vocational services for developmentally disabled adults in Southgate, MI. They offer training in living skills, personal development, functional academics, and community awareness with a focus on preparing individuals for independence. Their mission is to support the development and empowerment of developmentally disabled adults through employment training and services, ultimately enhancing their quality of life and fostering inclusivity in the community.
This information is meant to be a general summary of Arkay 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: $44,155
- Program Service Revenue: $31,819
- Gross Receipts: $7,793,752
Assets and Liabilities:
- Total Assets: $9,847,956
- Total Liabilities: $91,727
- Net Assets: $9,756,229
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT SERVICES
Revenue
$31,819
Organization Details
Founding Year
1985
Phone
(734) 284-2929Principal Officer
Kevin Mcguckin
Main Address
15221 EUREKA ROAD, SOUTHGATE, MI, 48195
NTEE Category
Code: P82Z - Human services
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