Overview
What is Waseca Area Senior Citizens Center?
The Waseca Area Senior Citizens Center is a nonprofit organization situated in Waseca, Minnesota, specifically at 308 North State Street, ZIP code 56093. Its primary mission involves offering nutritious meals and engaging social activities for senior citizens in the community. This is accomplished by providing a central location where seniors can partake in meaningful activities, fostering a sense of camaraderie and social interaction. Furthermore, the center also offers supplemental employment opportunities through a program known as 'Cottage Industries'. This initiative offers seniors the chance to earn additional income, thereby contributing to their overall economic and social well-being. The center is staffed by seven dedicated individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%, Zero-Star out of Four Star Rating
The Waseca Area Senior Citizens Center has received a low rating of 33% from Charity Navigator, which translates to a Zero-Star rating. This score is solely based on its Accountability & Finance metrics, indicating significant areas for improvement in transparency and governance. While the organization does excel in having a fully independent board and shows no signs of asset diversion, several critical policies are absent, which has severely impacted its overall rating.
Key strengths of the Waseca Area Senior Citizens Center include having a complete independent board and maintaining accurate board meeting minutes. However, the absence of essential policies such as a conflict of interest policy, whistleblower policy, and guidelines for document retention have contributed to the low score. Additionally, the lack of visibility for financial documents, like the tax form on its website, raises concerns about accountability to stakeholders.
The center's financial ratios reveal a program expense ratio of 48.94%, suggesting that a significant portion of its resources is allocated toward its mission. Nonetheless, the overall financial health, indicated by the liabilities to assets ratio of 0.00%, requires further examination due to the missing data points related to impact and community engagement. Overall, while the Waseca Area Senior Citizens Center has some governance strengths, its lack of transparency and critical policies limits its effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Waseca Area Senior Citizens Center legitimate?
Waseca Area Senior Citizens Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waseca Area Senior Citizens Center 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: $76,219
For more financial information, click here
What is the mission statement of Waseca Area Senior Citizens Center?
The Waseca Area Senior Citizens Center's mission is centered around providing essential services for the senior community. They offer nutritious meals and engaging social activities in a central location, fostering a sense of community among seniors. Furthermore, the center provides supplemental employment opportunities through cottage industries, benefiting seniors economically and socially. These employment opportunities not only provide additional income but also contribute to the seniors' overall well-being. The center's activities are designed to enhance the quality of life for senior citizens in the community.
Who is the CEO of Waseca Area Senior Citizens Center?
Unavailable
What is the revenue of Waseca Area Senior Citizens Center?
Waseca Area Senior Citizens Center's revenue in 2022 was $130,944.
Who are the executives of Waseca Area Senior Citizens Center and what are their salaries?
The average compensation at Waseca Area Senior Citizens Center during 2022 was $10,888. There are 7 employees at Waseca Area Senior Citizens Center.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Waseca Area Senior Citizens Center?
Waseca Area Senior Citizens Center's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Waseca Area Senior Citizens Center
The Waseca Area Senior Citizens Center is dedicated to serving the senior community in a meaningful way. Its mission encompasses two key aspects: providing nutritious meals and organizing engaging social activities, all in a central location. Additionally, the center offers supplemental employment opportunities through its Cottage Industries program. This initiative not only provides seniors with an economic boost but also offers social benefits, as six senior citizens are currently employed through this venture. The center's activities not only cater to the nutritional needs of seniors but also provide them with entertainment, fostering a sense of community and camaraderie among its members.
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Impact
October, 2024
Waseca Area Senior Citizens Center plays a pivotal role in enhancing the quality of life for senior citizens in the community. By providing nutritious meals and engaging social activities in a welcoming environment, it fosters a sense of belonging and connection among seniors. This central hub not only combats isolation but also promotes well-being through meaningful interactions and entertainment.
Moreover, the center creates supplemental employment opportunities through cottage industries, benefiting seniors economically and socially. This initiative has successfully employed six seniors, allowing them to earn additional income while remaining actively involved in the community. Overall, the Waseca Area Senior Citizens Center significantly contributes to both the social engagement and economic empowerment of older adults, making it an invaluable resource in the Waseca area.
This information is meant to be a general summary of Waseca Area Senior Citizens Center. 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: $4,100
- Program Service Revenue: $66,710
- Gross Receipts: $130,944
Assets and Liabilities:
- Total Assets: $229,001
- Total Liabilities: $0
- Net Assets: $229,001
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COTTAGE INDUSTRIES
Revenue
$66,710
Organization Details
Founding Year
1984
Main Address
308 NORTH STATE ST, Waseca, MN, 56093
NTEE Category
Code: P810 - Human services
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