Overview
What is Nocomo Industries Inc?
Nocomo Industries Inc is a nonprofit organization that specializes in providing employment opportunities for handicapped individuals through a sheltered workshop. This workshop serves as a platform where these individuals purchase or produce inventory, which is subsequently sold to generate revenue. The statement of revenue highlights the gross sales from inventory and the direct expenses associated with it, as indicated on line 10. The primary mission of Nocomo Industries is to empower and integrate handicapped individuals into the workforce, thereby contributing to their overall development and independence.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
Nocomo Industries Inc has received a Three-Star rating from Charity Navigator, indicating an overall score of 82%. This rating is based entirely on its Accountability & Finance metrics, which reflect the organization’s strong commitment to transparency and responsible financial management, particularly in the most recent fiscal year (FY2023).
The organization demonstrates robust governance with a fully independent board, achieving full points for board member independence and size. Furthermore, Nocomo has an excellent track record in financial oversight, with strong scores in areas such as audit committee functionality and asset management, indicating no material diversion of assets and a favorable liabilities-to-assets ratio.
Despite its strengths, the rating highlights that the score is primarily reliant on financial metrics, suggesting that stakeholders may want to consider additional factors such as program impact when evaluating the overall effectiveness of Nocomo Industries Inc. Nonetheless, the organization’s high program expense ratio of 76.84% signals a strong focus on directing funds towards its mission-related activities.
This AI summary has been generated from information found on Charity Navigator.
Is Nocomo Industries Inc legitimate?
Nocomo Industries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nocomo 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $181,321
For more financial information, click here
What is the mission statement of Nocomo Industries Inc?
Nocomo Industries Inc. operates a sheltered workshop that serves handicapped individuals. Their primary mission is to provide a platform where these individuals can purchase and produce inventory, which is then sold to generate revenue. The workshop's operations are reflected in the organization's statement of revenue, with line 10 specifically highlighting the gross sales and direct expenses related to the inventory. The main objective of Nocomo Industries is to offer a supportive environment and employment opportunities for handicapped individuals, thereby contributing to their overall well-being and independence.
Who is the CEO of Nocomo Industries Inc?
Sam Mason is the Executive Di of Nocomo Industries Inc.
What is the revenue of Nocomo Industries Inc?
Nocomo Industries Inc's revenue in 2022 was $502,111.
Who are the executives of Nocomo Industries Inc and what are their salaries?
The average compensation at Nocomo Industries Inc during 2022 was $5,495. There are 33 employees and 10 volunteers at Nocomo Industries Inc.
Here are 10 key members and their salaries:
- Compensation: $72,725
- Related: $0
- Other: $18,493
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Nocomo Industries Inc?
Nocomo Industries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nocomo Industries Inc
Nocomo Industries Inc, as a mission-driven organization, focuses on providing a sheltered workshop for individuals with disabilities. In this safe and supportive environment, these individuals engage in purchasing and/or producing inventory that is subsequently sold. The organization's financial statement highlights this activity, with line 10 representing the gross inventory sales and related direct expenses. By offering this opportunity, Nocomo Industries Inc aims to empower and integrate individuals with disabilities into the broader community, providing them with a sense of purpose and contribution to society.
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Impact
July, 2024
Nocomo Industries Inc's impact is seen through its operation of a sheltered workshop for handicapped individuals in Maryville, Missouri. This workshop provides employment opportunities for individuals with disabilities by allowing them to purchase and/or produce inventory, which is then resold. The gross inventory sales and direct expenses are reflected on the revenue statement, indicating the economic activity generated by the workshop. Nocomo Industries Inc's focus on providing employment and skill-building opportunities for handicapped individuals contributes to creating a more inclusive and supportive community for individuals with disabilities.
This information is meant to be a general summary of Nocomo 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 2022.
- Investment Income: $1,099
- Gross Receipts: $692,833
Assets and Liabilities:
- Total Assets: $1,096,723
- Total Liabilities: $20,919
- Net Assets: $1,075,804
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Organization Details
Founding Year
1969
Phone
(660) 582-2928Principal Officer
Sam Mason
Main Address
319 SOUTH NEWTON, MARYVILLE, MO, 64468
NTEE Category
Code: J33Z - Employment
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