Overview
What is Industrial Aid Inc?
Industrial Aid Inc is a nonprofit organization located in St. Louis, Missouri, with an address at 4417 Oleatha Street. Their primary mission is to offer employment opportunities to individuals who have been certified as developmentally disabled. During the fiscal year ending June 30, 2023, they served over a hundred clients. The organization operates a sheltered workshop, providing a safe and structured environment for these individuals to gain employment and contribute to their community. Industrial Aid Inc employs a total of 172 individuals, ensuring they have the necessary support and resources to excel in their roles.
Official website here: www.industrialaid.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
Industrial Aid Inc has earned a Three-Star rating from Charity Navigator, reflecting a strong emphasis on accountability and finance. The score is derived exclusively from its Accountability & Finance metrics, where it scored 84%. This indicates that the organization effectively manages its financial resources and adheres to transparency standards, which is essential for donor trust.
The organization's strengths lie in having a fully independent board and a solid audit of financial statements. Additionally, its low ratio of liabilities to assets suggests a stable financial position. Program expenses represent a significant 79.62% of its total expenditures, demonstrating a commitment to using resources effectively for its stated mission.
However, there are notable limitations regarding governance policies, as the charity is missing critical policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. While these gaps may not directly impact financial management, they could raise concerns about the organization's overall governance and internal controls.
This AI summary has been generated from information found on Charity Navigator.
Is Industrial Aid Inc legitimate?
Industrial Aid Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Industrial Aid 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: $158,931
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,602,521
For more financial information, click here
Official website here: www.industrialaid.com
What is the mission statement of Industrial Aid Inc?
Industrial Aid Inc's mission is centered around providing employment opportunities for individuals who have been diagnosed as developmentally disabled. Through a sheltered workshop setup, this organization aims to offer a conducive environment for these individuals, serving over a hundred clients annually as stated in their recent fiscal year report. Their primary objective is to empower these individuals by enabling them to contribute to society through gainful employment. The organization's activities largely revolve around providing employment and fostering an inclusive work environment.
Official website here: www.industrialaid.com
Who is the CEO of Industrial Aid Inc?
Mike Stroud is the President of Industrial Aid Inc. The CEO's salary of Industrial Aid Inc is $155,140 and their total compensation is $166,422.
Official website here: www.industrialaid.com
What is the revenue of Industrial Aid Inc?
Industrial Aid Inc's revenue in 2023 was $4,596,416.
Official website here: www.industrialaid.com
Who are the executives of Industrial Aid Inc and what are their salaries?
The average compensation at Industrial Aid Inc during 2023 was $16,055. There are 172 employees at Industrial Aid Inc.
Here are 11 key members and their salaries (Industrial Aid Inc's CEO's salary is $155,140 and their total compensation is $166,422):
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- Compensation: $155,140
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- Other: $11,282
Official website here: www.industrialaid.com
Where can I find the form 990 for Industrial Aid Inc?
Industrial Aid Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.industrialaid.com
Learn more at the official website: www.industrialaid.com
Mission Statement of Industrial Aid Inc
Industrial Aid Inc, a nonprofit organization, is dedicated to providing employment opportunities for individuals who have been certified as developmentally disabled. Through its sheltered workshop, the organization offers a conducive environment where these individuals can hone their skills and contribute to society. During the fiscal year ending June 30, 2023, Industrial Aid Inc served over one hundred such clients, demonstrating its commitment to this cause.
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Impact
July, 2024
Industrial Aid Inc's impact lies in providing meaningful employment opportunities for individuals who have been certified as developmentally disabled. By running a sheltered workshop, the organization serves over one hundred clients, offering them a chance to work and contribute to society. Through this initiative, Industrial Aid Inc not only provides essential services but also promotes inclusivity and empowerment for a marginalized community. Their focus on employment helps individuals develop skills, gain independence, and find purpose in their work. Overall, Industrial Aid Inc's impact is instrumental in improving the lives of those with developmental disabilities by offering them a path to self-sufficiency and dignity.
This information is meant to be a general summary of Industrial Aid 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: $18,708
- Program Service Revenue: $3,634,650
- Gross Receipts: $4,789,464
Assets and Liabilities:
- Total Assets: $7,336,142
- Total Liabilities: $753,610
- Net Assets: $6,582,532
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SHELTERED WORKSHOP
Revenue
$3,626,557
RECYCLING
Revenue
$8,093
Organization Details
Founding Year
1970
Phone
(314) 773-3200Principal Officer
Mike Stroud
Main Address
4417 OLEATHA, ST LOUIS, MO, 63116
Website
www.industrialaid.comNTEE Category
Code: J330 - Employment
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