Overview
What is Innovative Concepts Inc?
Innovative Concepts Inc is a nonprofit organization situated in Fort Gratiot, Michigan. Their primary mission is to cater to the needs of elderly and handicapped individuals by providing them with specialized housing facilities and services. These facilities and services are meticulously designed to address their physical, social, and psychological requirements, ensuring a comfortable and supportive living environment. The organization's commitment to this cause aims to enhance the overall well-being and quality of life for the individuals they serve.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star Rating. This score reflects a solid emphasis on accountability and finance, which is critical for donor confidence. The organization scored particularly well in categories such as having an independent board, no material diversion of assets, and a high program expense ratio, indicating effective use of funds toward its mission.
Innovative Concepts Inc has a fully independent board and maintains a strong liabilities to assets ratio, showcasing its financial health. However, the absence of a whistleblower policy and a document retention and destruction policy were noted as significant gaps, potentially raising concerns regarding transparency and governance practices.
Overall, while the charity displays commendable financial management and accountability measures, the noted limitations suggest areas for improvement. Prospective donors may wish to consider these factors, balancing the charity's strengths against the identified weaknesses in governance policies.
This AI summary has been generated from information found on Charity Navigator.
Is Innovative Concepts Inc legitimate?
Innovative Concepts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innovative Concepts 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: $0
For more financial information, click here
What is the mission statement of Innovative Concepts Inc?
Innovative Concepts Inc's mission is centered around providing specialized housing facilities and services for the elderly and handicapped individuals. This organization is committed to meeting the physical, social, and psychological needs of these individuals, ensuring their well-being and quality of life. By offering tailored housing solutions, Innovative Concepts Inc aims to create an environment that caters to the unique needs of each person, fostering a sense of community and support. The organization strives to improve the lives of those in need by providing them with the necessary resources and care.
Who is the CEO of Innovative Concepts Inc?
Rich Ward is the Director of Innovative Concepts Inc.
What is the revenue of Innovative Concepts Inc?
Innovative Concepts Inc's revenue in 2022 was $109,027.
Who are the executives of Innovative Concepts Inc and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Innovative Concepts Inc?
Innovative Concepts Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Innovative Concepts Inc
Innovative Concepts Inc, as a nonprofit organization, is committed to providing housing facilities and services tailored to meet the specific physical, social, and psychological needs of elderly persons and individuals with disabilities. The mission of this organization is centered around creating an environment that caters to the unique requirements of this vulnerable population, ensuring their overall well-being. By providing such specialized accommodations, Innovative Concepts Inc aims to enhance the quality of life for its residents, fostering a sense of security, comfort, and community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Innovative Concepts Inc significantly impacts the lives of elderly and handicapped individuals by offering tailored housing facilities and services that address their specific physical, social, and psychological needs. Operating in Fort Gratiot, MI, the organization ensures that these vulnerable populations have access to safe, supportive living environments designed to enhance their quality of life. By focusing on holistic care, Innovative Concepts Inc fosters independence, community, and well-being, ultimately improving the overall health and happiness of its residents.
This information is meant to be a general summary of Innovative Concepts 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: -$23,401
- Program Service Revenue: $30,328
- Gross Receipts: $136,403
Assets and Liabilities:
- Total Assets: $513,370
- Total Liabilities: $221,978
- Net Assets: $291,392
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$30,328
Organization Details
Founding Year
1988
Phone
(810) 385-4463Principal Officer
Rich Ward
Main Address
3051 COMMERCE DRIVE RMSTE 5, FORT GRATIOT, MI, 48059
NTEE Category
Code: Z99Z - Unknown
If you are a representative of Innovative Concepts Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.