Overview
What is Specialized Vocational Services Inc?
Specialized Vocational Services Inc, based in Worthington, Minnesota, is a nonprofit organization that primarily employs individuals with mental and physical disabilities. They offer contracted services, providing labor to various organizations in the area. Their mission lies in leveraging this workforce, thereby contributing to the community and offering opportunities for individuals with special needs. The organization, with a modest team of just two employees, demonstrates a strong commitment to inclusion and employment equality.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69% (Two-Star out of Four Star rating)
Specialized Vocational Services Inc holds a Two-Star rating from Charity Navigator, indicating that while the organization demonstrates some strengths, there are notable areas for improvement. The charity achieved full marks for having a majority of independent board members and an appropriately sized board, which reflects strong governance practices. Additionally, it has no liabilities, contributing positively to its financial health.
However, the organization scored lower in its Program Expense Ratio, with only 61.19%, which suggests that a significant portion of its expenditures may not be directly supporting its core mission. This ratio is critical as it indicates how effectively the organization is allocating its resources toward programming rather than administrative costs.
The charity also received strong evaluations for its accountability measures, including a well-documented conflict of interest policy and proper documentation of board meeting minutes. Despite these positives, the overall rating indicates that there is room for improvement, particularly regarding the efficiency of its program spending.
This AI summary has been generated from information found on Charity Navigator.
Is Specialized Vocational Services Inc legitimate?
Specialized Vocational Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Specialized Vocational Services 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: $31,680
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Specialized Vocational Services Inc?
Specialized Vocational Services Inc's primary mission involves contracting with various organizations to provide labor, leveraging a workforce predominantly composed of individuals with mental and physical disabilities. This organization aims to contribute to the workforce by providing employment opportunities for individuals who may face barriers in traditional employment settings. By doing so, Specialized Vocational Services Inc plays a role in promoting inclusivity and equality in the labor market. The organization's activities extend beyond just providing labor, as they also seek to empower these individuals and contribute to their overall well-being.
Who is the CEO of Specialized Vocational Services Inc?
Unavailable
What is the revenue of Specialized Vocational Services Inc?
Specialized Vocational Services Inc's revenue in 2022 was $50,985.
Who are the executives of Specialized Vocational Services Inc and what are their salaries?
The average compensation at Specialized Vocational Services Inc during 2022 was $15,840. There are 2 employees at Specialized Vocational Services Inc.
Here are 5 key members and their salaries:
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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: $0
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- Other: $0
Where can I find the form 990 for Specialized Vocational Services Inc?
Specialized Vocational Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Specialized Vocational Services Inc
Specialized Vocational Services Inc, as per its mission, collaborates with various organizations by providing labor services. The organization's workforce primarily comprises individuals with mental and physical disabilities. By contracting with organizations in the area, Specialized Vocational Services Inc offers a unique opportunity for these individuals to contribute to the workforce, thereby providing them with employment opportunities and fostering their independence.
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Impact
August, 2024
Specialized Vocational Services Inc has a significant impact on the community by providing contracted services to various organizations in the Worthington area. Their workforce primarily consists of mentally and physically handicapped individuals, offering them opportunities for meaningful employment and integration into the workforce. Through their mission of contracting with organizations to provide labor, Specialized Vocational Services Inc not only helps individuals with disabilities gain valuable work experience but also contributes to the local economy and promotes diversity and inclusion in the workplace. Their work truly makes a difference in the lives of those they serve and the broader community.
This information is meant to be a general summary of Specialized Vocational Services 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: $8
- Program Service Revenue: $3,638
- Gross Receipts: $50,985
Assets and Liabilities:
- Total Assets: $95,065
- Total Liabilities: $0
- Net Assets: $95,065
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT INCOME
Revenue
$3,638
Organization Details
Founding Year
1998
Main Address
PO BOX 451, WORTHINGTON, MN, 56187
NTEE Category
Code: L80 - Housing
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