Overview
What is Quality Industries Of The Lake Of The Ozarks Inc?
Quality Industries of the Lake of the Ozarks Inc, also known as Quality Industries, is a nonprofit organization situated in Versailles, Missouri. With a workforce of 90 individuals, their primary mission is to offer productive employment opportunities for individuals with developmental disabilities. They run a sheltered workshop, providing a supportive environment where these individuals can engage in various tasks and contribute to the community. The organization's primary activity involves operating this workshop, ensuring that each participant can lead a fulfilling and productive life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Quality Industries Of The Lake Of The Ozarks Inc has received a solid Three-Star rating from Charity Navigator, reflecting an overall score of 82%. This rating is derived entirely from their Accountability & Finance score, which is also 82%. This indicates a commendable level of transparency and financial health, showcasing the organization's commitment to responsible management of its resources.
The organization demonstrates strong governance with a fully independent board, scoring a perfect 8 out of 8 points. Additionally, the board is adequately sized, consisting of 12 independent members, and the organization has an effective audit and oversight committee that scored 15 out of 15 points. This structure supports the charity's mission and promotes trust among stakeholders.
Financially, Quality Industries shows a healthy balance, with a liabilities to assets ratio of 24.59% and an impressive program expense ratio of 90.22%, indicating that the majority of their expenses are directed towards programs rather than administrative costs. While the organization appears to excel in accountability and financial management, the rating does not provide insights into programmatic effectiveness or impact, which are key areas for potential improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Quality Industries Of The Lake Of The Ozarks Inc legitimate?
Quality Industries Of The Lake Of The Ozarks Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Quality Industries Of The Lake Of The Ozarks 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: $617,588
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What is the mission statement of Quality Industries Of The Lake Of The Ozarks Inc?
Quality Industries of the Lake of the Ozarks Inc is committed to providing productive employment opportunities for individuals with developmental disabilities. The organization operates a sheltered workshop as part of its mission, offering a supportive environment where these individuals can contribute to society through their work. By offering employment opportunities, Quality Industries of the Lake of the Ozarks Inc aims to enhance the self-esteem, skills, and independence of those with developmental disabilities, thereby promoting their inclusion in the community. The organization's sheltered workshop provides a safe and nurturing environment where individuals can develop their skills, build social connections, and gain a sense of purpose through their work.
Who is the CEO of Quality Industries Of The Lake Of The Ozarks Inc?
David Wood is the President of Quality Industries Of The Lake Of The Ozarks Inc.
What is the revenue of Quality Industries Of The Lake Of The Ozarks Inc?
Quality Industries Of The Lake Of The Ozarks Inc's revenue in 2023 was $788,764.
Who are the executives of Quality Industries Of The Lake Of The Ozarks Inc and what are their salaries?
The average compensation at Quality Industries Of The Lake Of The Ozarks Inc during 2023 was $6,862. There are 90 employees at Quality Industries Of The Lake Of The Ozarks Inc.
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Where can I find the form 990 for Quality Industries Of The Lake Of The Ozarks Inc?
Quality Industries Of The Lake Of The Ozarks Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Quality Industries Of The Lake Of The Ozarks Inc
Quality Industries of the Lake of the Ozarks Inc is committed to providing productive employment opportunities for individuals with developmental disabilities. This nonprofit organization operates a sheltered workshop, serving as a safe and inclusive environment where these individuals can utilize their skills and talents to contribute to the community. By offering employment opportunities, Quality Industries of the Lake of the Ozarks Inc empowers these individuals, enabling them to gain independence and a sense of accomplishment. The organization's mission is to create a supportive and inclusive workplace that fosters the growth and development of individuals with developmental disabilities, helping them to lead fulfilling and meaningful lives.
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Impact
July, 2024
Quality Industries Of The Lake Of The Ozarks Inc has a significant impact on the community by providing productive employment opportunities for developmentally disabled individuals through its sheltered workshop. By offering a supportive environment for these individuals to work and contribute to society, the organization plays a crucial role in promoting inclusivity and empowerment. Through its mission, Quality Industries Of The Lake Of The Ozarks Inc helps enhance the quality of life for those with developmental disabilities, fostering independence and self-worth. The organization's efforts not only benefit the individuals it serves but also create a more diverse and inclusive workforce, ultimately enriching the entire community.
This information is meant to be a general summary of Quality Industries Of The Lake Of The Ozarks 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: -$4,167
- Program Service Revenue: $612,473
- Gross Receipts: $800,855
Assets and Liabilities:
- Total Assets: $429,220
- Total Liabilities: $105,582
- Net Assets: $323,638
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STATE AID - DESE
Revenue
$330,096
THRIFTSTORE SALES
Revenue
$157,311
CONTRACT SALES
Revenue
$97,400
MODOT HIGHWAY GRANT
Revenue
$19,539
RECYCLING INCOME
Revenue
$8,127
Organization Details
Founding Year
1977
Phone
(573) 378-6122Principal Officer
David Wood
Main Address
301 N MONROE, VERSAILLES, MO, 65084
NTEE Category
Code: J30 - Employment
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