Overview
What is Svrc Industries Inc Foundation?
Svrc Industries Inc Foundation is a charitable organization situated in Saginaw, Michigan, with an address at 203 S Washington Avenue. Its primary mission is to manage and distribute funds that contribute to the growth and success of Svrc Industries Inc. The foundation derives its income from investments it holds. Its role is vital in supporting the parent company, ensuring its operations and development are well-funded.
Official website here: www.svrcindustries.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Svrc Industries Inc Foundation has received a remarkable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity's overall score is solely derived from its excellent accountability metrics, which showcases a commitment to transparency and responsible financial practices.
The foundation demonstrates a fully independent board with 100% independent members, and it maintains a clear conflict of interest policy, a whistleblower policy, and effective document retention practices. Its financial management is highlighted by a program expense ratio of 99.08%, indicating that nearly all funds are directed towards its programs rather than administrative expenses.
While the organization's financial practices are commendable, the data does not indicate any specific programmatic outcomes or impact assessments. However, the strong accountability measures and low liabilities suggest that Svrc Industries Inc Foundation is well-managed in terms of financial responsibility and governance.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Svrc Industries Inc Foundation?
100% of 13 reviewers on Facebook recommend Svrc Industries Inc Foundation. Here is a summary of their reviews:
The overwhelming sentiment among participants is one of appreciation for the organization's supportive environment and collaborative team. Many highlight the positive experience of working with Svrc Industries, noting both the friendly staff and the engaging job sites.
Overall, it’s clear that the foundation is highly regarded by those involved, indicating strong satisfaction with the services and opportunities provided.
This AI summary has been generated from reviews found on Facebook.
Is Svrc Industries Inc Foundation legitimate?
Svrc Industries Inc Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Svrc Industries Inc Foundation 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
Official website here: www.svrcindustries.com
What is the mission statement of Svrc Industries Inc Foundation?
The Svrc Industries Inc Foundation's primary role is to collect and manage funds, with the intention of supporting Svrc Industries Inc. This mission is carried out through the income generated from investments held by the foundation. The foundation serves as a financial resource for Svrc Industries Inc, providing it with the necessary funds to carry out its operations. The foundation's activities are focused solely on this purpose, ensuring the continued support and success of Svrc Industries Inc.
Official website here: www.svrcindustries.com
Who is the CEO of Svrc Industries Inc Foundation?
Dean Emerson is the President/Co of Svrc Industries Inc Foundation. The CEO's salary of Svrc Industries Inc Foundation is $0 and their total compensation is $210,839.
Official website here: www.svrcindustries.com
What is the revenue of Svrc Industries Inc Foundation?
Svrc Industries Inc Foundation's revenue in 2022 was $103,257.
Official website here: www.svrcindustries.com
Who are the executives of Svrc Industries Inc Foundation and what are their salaries?
There 11 volunteers at Svrc Industries Inc Foundation.
Here are 11 key members and their salaries (Svrc Industries Inc Foundation's CEO's salary is $0 and their total compensation is $210,839):
- Compensation: $0
- Related: $235,389
- Other: $16,704
- Compensation: $0
- Related: $172,360
- Other: $38,479
- Compensation: $0
- Related: $121,155
- Other: $20,839
- Compensation: $0
- Related: $118,663
- Other: $15,019
- 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
Official website here: www.svrcindustries.com
Where can I find the form 990 for Svrc Industries Inc Foundation?
Svrc Industries Inc Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.svrcindustries.com
Learn more at the official website: www.svrcindustries.com
Mission Statement of Svrc Industries Inc Foundation
The Svrc Industries Inc Foundation, as stated in its mission, is dedicated to receiving and administering funds that support Svrc Industries Inc. This role is crucial in ensuring the financial sustainability and growth of Svrc Industries Inc, without providing specific details about the nature or purpose of Svrc Industries Inc. The foundation's mission involves managing investments to generate income, which is then utilized to support the operations and initiatives of Svrc Industries Inc. This supportive role allows Svrc Industries Inc to focus on its primary objectives, while the foundation takes care of its financial needs.
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Impact
October, 2024
Svrc Industries Inc Foundation plays a vital role in enhancing the quality of life for individuals in Saginaw, MI, by providing crucial financial support to Svrc Industries Inc. By managing and administering funds, the foundation ensures that resources are directed toward programs that foster employment opportunities for individuals, particularly those facing challenges in the workforce.
The income generated from investments held by the foundation contributes significantly to sustaining and expanding services that empower individuals through job training and placement. This focus on employment not only improves individual livelihoods but also strengthens the local economy by promoting inclusivity and workforce participation. Through its mission, Svrc Industries Inc Foundation impacts the community by helping individuals gain the skills and opportunities they need to thrive in the job market.
This information is meant to be a general summary of Svrc Industries Inc Foundation. 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: $103,257
- Gross Receipts: $1,259,879
Assets and Liabilities:
- Total Assets: $5,210,951
- Total Liabilities: $0
- Net Assets: $5,210,951
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Organization Details
Founding Year
1999
Phone
(989) 752-6176Principal Officer
Dean Emerson
Main Address
203 S WASHINGTON AVENUE, SAGINAW, MI, 48607
Website
www.svrcindustries.comNTEE Category
Code: J110 - Employment
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