Overview
What is Functional Industries Inc?
Functional Industries Inc, located in Buffalo, Minnesota (1803 HWY 25 N), is a nonprofit organization dedicated to uncovering the inherent abilities within each individual they serve. They have significantly expanded community outing opportunities by 80% compared to previous years. Their program, The DREAM (Developing Relationships, Empowerment and Motivation), is responsible for these enhancements. By fostering relationships with the local community center, they participate in weekly activities and organize special events for community engagement. The DREAM Program also offers various volunteer opportunities within the community. Their mission is centered around promoting innovative opportunities that bring forth the untapped potential within each person they assist. Functionally, they employ a workforce of 311 individuals.
Official website here: www.functionalindustries.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Functional Industries Inc has achieved a high score of 96% on Charity Navigator, reflecting strong accountability and financial management. This impressive rating is based entirely on their performance in the Accountability & Finance category, where they have excelled in various metrics, indicating that the organization is effectively managing its resources and adhering to best practices in governance.
The organization has an independent board with a majority of members, showcasing a commitment to transparency and ethical conduct. Additionally, Functional Industries Inc demonstrates a robust financial structure, with a low liabilities-to-assets ratio and a high program expense ratio, meaning that a significant portion of their funds is directed towards their programs rather than administrative costs.
While the rating highlights the nonprofit's strengths, an ongoing commitment to maintaining these high standards will be essential as they move forward. Overall, Functional Industries Inc appears to be a well-managed organization focused on its mission, ensuring accountability and efficiency in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Functional Industries Inc legitimate?
Functional Industries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Functional Industries 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: $580,386
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,577,650
For more financial information, click here
Official website here: www.functionalindustries.org
What is the mission statement of Functional Industries Inc?
Functional Industries Inc's mission is centered around fostering innovative opportunities that bring out the inherent capabilities of each individual they serve. They strive to create and promote these opportunities, aiming to reveal the natural potential hidden within each person they interact with. To accomplish this, they have increased community outing opportunities by 80% compared to previous years, and have implemented the DREAM (Developing Relationships, Empowerment, and Motivation) program. This program enriches their activities and provides various volunteer opportunities within the local community. They have also established relationships with the local community center, attending weekly events and organizing special events for the program to participate in with community members.
Official website here: www.functionalindustries.org
Who is the CEO of Functional Industries Inc?
Lisa M Zwart is the Chair of Functional Industries Inc.
Official website here: www.functionalindustries.org
What is the revenue of Functional Industries Inc?
Functional Industries Inc's revenue in 2022 was $5,508,910.
Official website here: www.functionalindustries.org
Who are the executives of Functional Industries Inc and what are their salaries?
The average compensation at Functional Industries Inc during 2022 was $10,154. There are 311 employees and 9 volunteers at Functional Industries Inc.
Here are 13 key members and their salaries:
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- Compensation: $99,031
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- Other: $29,118
- Compensation: $159,441
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- Other: $31,649
- Compensation: $107,302
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- Other: $29,527
- Compensation: $371,626
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- Other: $28,830
Official website here: www.functionalindustries.org
Where can I find the form 990 for Functional Industries Inc?
Functional Industries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.functionalindustries.org
Learn more at the official website: www.functionalindustries.org
Mission Statement of Functional Industries Inc
Functional Industries Inc, as per its mission statement, aims to foster innovative opportunities that bring out the inherent potential in each individual they serve. Their objective is to create and promote these opportunities that not only reveal but also nurture the natural abilities within each person they engage with.
Functional Industries Inc's approach to achieving this mission is multifaceted. They have significantly increased community outing opportunities by 80% compared to previous years, providing ample opportunities for individuals to interact and grow. One of their key programs, titled The DREAM (Developing Relationships, Empowerment, and Motivation), is designed to enrich the lives of those they serve. Through this program, Functional Industries Inc has developed partnerships with local community centers, which host weekly events, and organizes special events for program participants to attend with community members. Moreover, The DREAM Program offers various volunteer opportunities within the community, offering individuals a chance to give back and contribute to their local community.
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Impact
July, 2024
Functional Industries Inc's impact can be seen in their efforts to create and promote innovative opportunities that reveal the natural potential of each person they serve. Through programs like the DREAM (Developing Relationships, Empowerment, and Motivation) program, they have increased community outing opportunities by 80% compared to previous years. This organization has established strong relationships with the local community center, facilitating weekly recurring events as well as special activities for program participants to engage with community members. Additionally, the DREAM program provides various volunteer opportunities within the community. All these initiatives align with their mission to empower individuals and maximize their potential.
This information is meant to be a general summary of Functional Industries 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: $52,315
- Program Service Revenue: $4,181,242
- Gross Receipts: $5,556,037
Assets and Liabilities:
- Total Assets: $11,618,869
- Total Liabilities: $519,421
- Net Assets: $11,099,448
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICAL ASSISTANCE SUP
Revenue
$2,889,873
CONTRACT INCOME
Revenue
$732,077
MINNESOTA DES-VR SERVI
Revenue
$406,612
COUNTY SERVICES
Revenue
$146,237
OTHER PROGRAM REVENUE
Revenue
$6,443
Organization Details
Founding Year
1973
Phone
(763) 682-4336Principal Officer
Lisa M Zwart
Main Address
1803 HWY 25 N, BUFFALO, MN, 55313
Website
www.functionalindustries.orgNTEE Category
Code: P80 - Human services
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