Overview
What is Spectrum Industries?
Spectrum Industries, operating as The Spectrum Network, is a private, non-profit organization situated in Decorah, Iowa. They provide customized employment and daily living services to adults with various disabilities, including intellectual/developmental disabilities, brain injury, mental health conditions, and others. Their mission is to promote independence and community integration, achieving this by enhancing clients' skills and establishing natural supports. They offer job development assistance, on-the-job training, and job support, aiming to help clients gain competitive employment in the community. Their Adult Day Services program provides structured activities for skill development and social integration, while their Supported Community Living (SCL) program helps individuals gain essential life skills and independence. Spectrum Industries currently serves around 56 clients in two counties, with most living independently, and their employment specialists supported 17 individuals in their last fiscal year.
Official website here: www.thespectrumnetwork.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - 66% (Two-Star out of Four Star rating)
Spectrum Industries has received a Two-Star rating from Charity Navigator, indicating a need for improvement in several areas. While the organization has a strong accountability score due to its fully independent board and compliance with various governance policies, it has significant gaps in financial reporting, which have adversely impacted its overall score.
The organization demonstrates strengths such as a high program expense ratio of 71.50%, suggesting that a substantial portion of its resources is directed toward its mission. Additionally, the absence of any material diversion of assets reflects a commitment to ethical management. However, the lack of accessible financial statements has raised concerns about transparency and accountability.
Overall, while Spectrum Industries shows promise in its governance and program spending, the deficiencies in financial disclosure highlight areas that require urgent attention to enhance trust and credibility with stakeholders. Addressing these issues could help improve its standing and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Spectrum Industries legitimate?
Spectrum Industries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spectrum Industries 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: $35,083
Professional Fundraising Fees: $0
Other Salaries and Wages: $295,193
For more financial information, click here
Official website here: www.thespectrumnetwork.org
What is the mission statement of Spectrum Industries?
Spectrum Industries, a non-profit organization, is dedicated to helping individuals with cognitive disabilities, mental health conditions, and other barriers achieve independence and integrate into the community and workforce. They offer customized employment and daily living services, focusing on building skills and natural supports to enable clients to succeed independently. Their mission includes assisting individuals with job development, providing on-the-job training, and job support until they reach independence. Additionally, they offer community activities and life skills training to enhance clients' confidence and connections to their communities. The organization's goal is to empower clients to live fulfilling lives with as much independence as possible.
Official website here: www.thespectrumnetwork.org
What is the revenue of Spectrum Industries?
Spectrum Industries's revenue in 2024 was $1,245,709.
Official website here: www.thespectrumnetwork.org
Who are the executives of Spectrum Industries and what are their salaries?
The average compensation at Spectrum Industries during 2024 was $8,926. There are 37 employees and 7 volunteers at Spectrum Industries.
Here are 12 key members and their salaries:
- Compensation: $58,020
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- Other: $0
- Compensation: $6,760
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Official website here: www.thespectrumnetwork.org
Where can I find the form 990 for Spectrum Industries?
Spectrum Industries's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.thespectrumnetwork.org
Learn more at the official website: www.thespectrumnetwork.org
Mission Statement of Spectrum Industries
Spectrum Industries, a private, non-profit organization, is committed to assisting individuals with cognitive disabilities, mental health conditions, and other barriers to independent living. Their mission is centered around helping these individuals enter the workforce and the community. By providing customized employment and daily living services, Spectrum Industries aims to empower its clients to achieve independence and integrate into their communities.
The organization focuses on building skills and establishing natural supports for its clients. This includes teaching soft skills, job readiness skills, and social skills necessary for success in the workplace. Spectrum Industries also assists in securing competitive employment within the community. Once a client is employed, the organization offers job support to ensure their independence, providing assistance as needed and being present at the job site if necessary.
In addition to employment services, Spectrum Industries offers on-the-job training to help clients develop essential soft skills. They also provide opportunities for clients to join team-based enclaves that work alongside employees at area businesses, offering support for both the client and the employer during the hiring process. The organization's goal is to help clients gain independence and natural supports in the workplace.
In their adult day services program, clients engage in structured activities such as gardening, geography, meal planning, and excursions to community events. This program promotes community integration and provides opportunities for making friends and exploring new interests. In their Supported Community Living (SCL) program, Spectrum Industries offers support in various aspects of daily life, from meal planning to finding a place to live, to help individuals gain skills, confidence, and community connection. The organization tailors its services to each individual's strengths and needs, focusing on helping clients achieve independence.
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Impact
July, 2024
Spectrum Industries has a significant impact on individuals with cognitive disabilities, mental illness, and other barriers to independent living. The organization provides customized employment and daily living services to adults with various disabilities, focusing on independence and community integration. They offer support in building skills, gaining work and life skills, and fostering social skills necessary for success in the workplace.
In terms of employment, Spectrum Industries assists individuals in every step of job development, from seeking competitive employment within the community to providing on-the-job training and support until the individual reaches independence. They also offer community work site assessments and job shadowing opportunities to ensure the right fit for each individual.
Furthermore, in their Adult Day Services program, clients engage in structured activities that promote community integration and the development of new interests and friendships. The Supported Community Living (SCL) program helps individuals acquire essential skills for independent living, such as meal planning, budgeting, and social integration.
Overall, Spectrum Industries plays a vital role in empowering individuals with disabilities to succeed independently in both their work and daily lives, positively impacting the community at large.
This information is meant to be a general summary of Spectrum Industries. 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 2024.
- Investment Income: $1,505
- Program Service Revenue: $610,337
- Gross Receipts: $2,314,288
Assets and Liabilities:
- Total Assets: $1,651,278
- Total Liabilities: $1,150,736
- Net Assets: $500,542
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Client Fees
Revenue
$490,432
Organization Details
Founding Year
1974
Principal Officer
Laura Smith
Website
www.thespectrumnetwork.orgNTEE Category
Code: J330 - Employment
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