Overview
What is Fiscal Assistance Inc?
Fiscal Assistance Inc is a nonprofit organization located at 4646 South Biltmore Lane, Madison, Wisconsin. With a staff of 31, their primary mission is to empower individuals of all ages with various disabilities, enabling them to reach their full potential. They achieve this by integrating fiscal tools with community living resources. Specifically, Fiscal Assistance Inc manages funds on behalf of consumers or their guardians, receiving funds from the Social Security Administration and disbursing them as per consumer requests or sending them directly to the county as the consumer's contribution to the cost of care provided by the county. This service, known as the Representative Payee Program, is crucial in ensuring individuals with disabilities have the financial support they need to live independently and access community resources.
Official website here: www.fiscalassistance.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Fiscal Assistance Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in certain areas despite strong performance in accountability and finance. The organization excels in having a fully independent board and demonstrates solid governance practices such as having a conflict of interest policy and a whistleblower policy. However, the absence of financial statements and failure to post tax forms on their website significantly impacted their overall score.
The organization showcases a high program expense ratio, suggesting that a substantial portion of their funds is directed towards their programs rather than administrative costs. Nonetheless, the liabilities to assets ratio raised concerns, as it indicates a high level of liabilities compared to assets. This financial metric is crucial for assessing the organization's long-term sustainability and operational stability.
While Fiscal Assistance Inc demonstrates strong governance and a commitment to programmatic spending, the lack of transparency in financial reporting presents a barrier to gaining trust from potential donors and stakeholders. Improvements in financial documentation and public reporting could enhance their standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Fiscal Assistance Inc legitimate?
Fiscal Assistance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fiscal Assistance 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: $159,290
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,153,395
For more financial information, click here
Official website here: www.fiscalassistance.org
What is the mission statement of Fiscal Assistance Inc?
Fiscal Assistance Inc's mission is centered around integrating financial tools with community resources to empower individuals of all ages with various disabilities. This integration aims to help these individuals reach their full potential. The organization operates a Representative Payee Program, where they manage funds received from the Social Security Administration for consumers or guardians, based on their requests. Alternatively, they can also send funds directly to the county as the consumer's contribution towards the cost of care provided by the county.
Official website here: www.fiscalassistance.org
Who is the CEO of Fiscal Assistance Inc?
Carol A Richards is the Vice President of Fiscal Assistance Inc.
Official website here: www.fiscalassistance.org
What is the revenue of Fiscal Assistance Inc?
Fiscal Assistance Inc's revenue in 2022 was $3,037,335.
Official website here: www.fiscalassistance.org
Who are the executives of Fiscal Assistance Inc and what are their salaries?
The average compensation at Fiscal Assistance Inc during 2022 was $42,345. There are 31 employees and 5 volunteers at Fiscal Assistance Inc.
Here are 6 key members and their salaries:
- 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
- Compensation: $137,105
- Related: $0
- Other: $24,002
Official website here: www.fiscalassistance.org
Where can I find the form 990 for Fiscal Assistance Inc?
Fiscal Assistance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fiscalassistance.org
Learn more at the official website: www.fiscalassistance.org
Mission Statement of Fiscal Assistance Inc
Fiscal Assistance Inc, a nonprofit organization, is committed to integrating fiscal tools with community living resources. Their mission is to empower individuals of all ages with various disabilities, enabling them to reach their full potential. By doing so, Fiscal Assistance Inc aims to bridge the gap between financial management and community resources, providing a supportive environment for individuals to thrive and lead independent lives.
One of the ways Fiscal Assistance Inc achieves this mission is through their Representative Payee Programs. In this program, the organization receives funds from the Social Security Administration on behalf of its customers with disabilities or their guardians. By disbursing these funds according to consumer or guardian requests, or by sending them directly to the county as the consumer's contribution to the cost of care provided by the county, Fiscal Assistance Inc ensures that individuals with disabilities have access to the resources they need to live independently and reach their goals.
In summary, Fiscal Assistance Inc is a nonprofit organization that empowers individuals with disabilities to reach their full potential by integrating fiscal tools with community living resources. Through their Representative Payee Programs, they provide financial management services to help individuals with disabilities access the resources they need to live independently and lead fulfilling lives.
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Impact
July, 2024
Fiscal Assistance Inc's impact lies in its mission to integrate fiscal tools with community living resources to empower individuals of all ages across various disabilities to reach their full potential. Through programs such as representative payee services, where they manage and disburse funds for individuals receiving support from Social Security Administration, Fiscal Assistance Inc plays a crucial role in ensuring financial stability and independence for those they serve. This direct assistance contributes to the overall well-being and quality of life for individuals with disabilities, fostering self-sufficiency and enhancing their access to necessary care and services. In essence, Fiscal Assistance Inc's work embodies a commitment to empowering individuals with disabilities to lead fulfilling and thriving lives within their communities.
This information is meant to be a general summary of Fiscal Assistance 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: $785
- Program Service Revenue: $2,726,156
- Gross Receipts: $3,037,335
Assets and Liabilities:
- Total Assets: $5,746,613
- Total Liabilities: $5,169,003
- Net Assets: $577,610
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FISCAL AGENT
Revenue
$1,345,279
EMPLOYER AGENT PROGRAM
Revenue
$690,088
REP PAYEE PROGRAM
Revenue
$589,644
GRANT ADMINISTRATION
Revenue
$101,145
Organization Details
Founding Year
2000
Phone
(608) 846-7058Principal Officer
Carol A Richards
Main Address
4646 SOUTH BILTMORE LANE, MADISON, WI, 53718
Website
www.fiscalassistance.orgNTEE Category
Code: P82 - Human services
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