Overview
What is Wesco Industries Inc?
Wesco Industries Inc, situated in Denison, Iowa, is a nonprofit organization with a mission to serve individuals with mental and physical disabilities. The organization demonstrates its commitment through various residential sites, where it provides support and care, as indicated by the listed site-specific expenses totalling over two million dollars. Despite not having specific information about their programs or services beyond residency, it's clear Wesco Industries Inc is dedicated to enhancing the lives of individuals with disabilities, offering them a nurturing environment to thrive. With a workforce of 201 employees, the organization is well-equipped to carry out its mission.
What are the reviews and ratings of this charity?
Charity Navigator rates Wesco Industries Inc with a Four-Star out of Four Star rating, reflecting an impressive score of 94% in Accountability & Finance. This rating highlights the charity's commitment to transparency and responsible financial management, primarily assessed through only one beacon score. The organization has maintained a strong independent board, demonstrating good governance practices without any reported material diversion of assets.
Strengths of Wesco Industries include a high Program Expense Ratio of 81.70%, which indicates that a significant portion of its budget is allocated directly to programs, contributing to its mission. Furthermore, the charity has well-documented policies regarding conflict of interest and whistleblower protections, reinforcing its accountability framework. However, it is noteworthy that Wesco has a few areas marked as 'Not Currently Scored' in terms of impact, culture, and leadership adaptability, suggesting potential areas for growth or additional evaluation.
User reviews from GreatNonprofits could not be retrieved, leaving a gap in community sentiment. Therefore, while the organization shows excellent financial accountability and governance, insights from service beneficiaries or other stakeholders are not available to provide a fuller picture of its impact.
This AI summary has been generated from information found on Charity Navigator.
Is Wesco Industries Inc legitimate?
Wesco Industries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wesco 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: $164,899
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,659,839
For more financial information, click here
What is the mission statement of Wesco Industries Inc?
Wesco Industries Inc is committed to serving individuals with mental and physical disabilities. Their mission is centered around providing support and care for these individuals, striving to enhance their quality of life. This is achieved through various residential sites and a transition home, each allocated with specific funds. While the provided information primarily focuses on the financial aspects of these sites, it implies that Wesco Industries Inc is dedicated to providing a living environment and transition support for individuals with disabilities.
Who is the CEO of Wesco Industries Inc?
Clayton Adams is the Executive Director of Wesco Industries Inc.
What is the revenue of Wesco Industries Inc?
Wesco Industries Inc's revenue in 2023 was $10,531,788.
Who are the executives of Wesco Industries Inc and what are their salaries?
The average compensation at Wesco Industries Inc during 2023 was $33,954. There are 201 employees at Wesco Industries Inc.
Here are 14 key members and their salaries:
- Compensation: $141,931
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- Compensation: $110,159
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- Compensation: $103,075
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Where can I find the form 990 for Wesco Industries Inc?
Wesco Industries Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Wesco Industries Inc
Wesco Industries Inc, as stated in the provided information, is dedicated to serving individuals with mental and physical disabilities. The organization's mission is focused on providing support and care to these individuals, as evidenced by the various funding allocations for residential sites and a transition home. The financial figures indicate that Wesco Industries Inc invests significantly in residential facilities, with Residential-Site 1 receiving $295,954, Residential-Site 2 receiving $243,682, and so on, totaling over a million dollars in funding for these sites alone. This investment suggests a commitment to providing a substantial residential infrastructure for individuals with disabilities. Additionally, the Transition Home, which is allocated $507,188, indicates a focus on helping individuals transition from residential care to more independent living situations. Overall, Wesco Industries Inc's mission can be seen as a dedication to providing a supportive environment and resources for individuals with mental and physical disabilities, aiming to improve their quality of life and facilitate their transition to more independent living.
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Impact
July, 2024
Wesco Industries Inc's impact is significant in serving persons with mental and physical disabilities. Through their various residential sites and transition home in DENISON, IA, Wesco Industries Inc provides essential support and care for individuals in need. Their mission to serve persons with disabilities aligns with their commitment to creating employment opportunities and fostering independence within this vulnerable population. With a focus on inclusivity and empowerment, Wesco Industries Inc plays a crucial role in enhancing the quality of life for those they serve.
This information is meant to be a general summary of Wesco 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 2023.
- Investment Income: $1,923
- Program Service Revenue: $9,687,554
- Gross Receipts: $10,531,788
Assets and Liabilities:
- Total Assets: $6,407,960
- Total Liabilities: $785,958
- Net Assets: $5,622,002
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Managed Care-Amerigroup
Revenue
$5,789,139
Managed Care-Iowa Total Care
Revenue
$3,169,179
Business Services
Revenue
$238,964
County contracts/Private pay
Revenue
$122,708
Other programs
Revenue
$211,343
Organization Details
Founding Year
1966
Phone
(712) 263-6141Principal Officer
Clayton Adams
Main Address
415 SOUTH 11th STREET, DENISON, IA, 51442
NTEE Category
Code: J30 - Employment
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