Overview
What is 501(C)Pa?
501(C)Pa is a dedicated financial management and administrative services provider for over 50 nonprofit organizations in New Mexico. Their mission is to empower these organizations to achieve their goals more effectively by taking care of their strategic financial management and compliance duties. During the recent fiscal year, 501(C)Pa aided in acquiring substantial resources, such as PPP loans, Shutter Venue Operators Grants, NMFA CARES Grants, and Employee Retention Credits, totaling over 5 million dollars for New Mexico nonprofits. By handling these financial responsibilities, 501(C)Pa enables nonprofits to have better decision-support information, reduced employee stress, improved audit results, and more time to focus on their missions. This ultimately results in increased social productivity, leading to more services delivered to communities and enhanced economic benefits for those communities and New Mexico. In summary, 501(C)Pa is a team-based, professional service provider that assists nonprofits in New Mexico to accomplish more through their financial management and administrative services, ultimately boosting their ability to serve their communities effectively.
Official website here: www.501cpa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
501(C)Pa has demonstrated excellent accountability and financial health, earning a Four-Star rating from Charity Navigator. With a score of 96%, the organization shows effective financial management and transparency, which is essential for maintaining donor trust and support. The rating reflects the charity's commitment to high standards in governance, as evidenced by their independent board structure and comprehensive oversight measures.
The organization boasts a fully independent board comprising eight members, which indicates a strong commitment to unbiased decision-making. Additionally, all relevant policies concerning conflict of interest, whistleblower protections, and document retention are in place and well documented. The charity has also shown no material diversion of assets, further underscoring their integrity in financial operations.
On the financial front, 501(C)Pa maintains a low liabilities to assets ratio of 12.89%, which signals a sound financial position. Their program expense ratio is notably high at 85.36%, indicating that a significant majority of their expenditures directly support their mission-related activities. This focus on programmatic spending enhances their effectiveness in fulfilling their charitable goals.
This AI summary has been generated from information found on Charity Navigator.
Is 501(C)Pa legitimate?
501(C)Pa is a legitimate nonprofit organization registered as a 501(c)(3) entity. 501(C)Pa 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: $269,227
Professional Fundraising Fees: $0
Other Salaries and Wages: $553,521
For more financial information, click here
Official website here: www.501cpa.org
What is the mission statement of 501(C)Pa?
501(C)Pa's mission is centered around aiding nonprofit organizations in achieving their goals more effectively. This is accomplished through the provision of team-based, professional financial management and administrative services. By handling strategic financial management and compliance duties for nonprofits, 501(C)Pa provides them with improved decision-support information, reduced employee stress, enhanced audit results, and more time to concentrate on their missions. As a result, these nonprofits can deliver more services to their communities, leading to increased social productivity and economic benefits. During the recent fiscal year, 501(C)Pa assisted numerous nonprofits in securing various financial aid, including PPP loans, Shutter Venue Operators Grants, and CARES Act grants, thereby contributing to their financial stability.
Official website here: www.501cpa.org
Who is the CEO of 501(C)Pa?
David Rivard is the Ceo of 501(C)Pa. The CEO's salary of 501(C)Pa is $126,889 and their total compensation is $148,341.
Official website here: www.501cpa.org
What is the revenue of 501(C)Pa?
501(C)Pa's revenue in 2022 was $1,084,040.
Official website here: www.501cpa.org
Who are the executives of 501(C)Pa and what are their salaries?
The average compensation at 501(C)Pa during 2022 was $54,850. There are 15 employees and 7 volunteers at 501(C)Pa.
Here are 9 key members and their salaries (501(C)Pa's CEO's salary is $126,889 and their total compensation is $148,341):
- Compensation: $0
- Related: $0
- Other: $0
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- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $126,889
- Related: $0
- Other: $21,452
- Compensation: $101,274
- Related: $0
- Other: $5,178
Official website here: www.501cpa.org
Where can I find the form 990 for 501(C)Pa?
501(C)Pa's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.501cpa.org
Learn more at the official website: www.501cpa.org
Mission Statement of 501(C)Pa
501(C)Pa is an organization dedicated to assisting nonprofits in achieving their objectives more effectively. They accomplish this through their team-based, professional financial management and administrative services. The mission of 501(C)Pa is to provide nonprofit organizations with improved decision-making support, reduced employee stress, enhanced audit results, and more time to focus on their primary objectives. By taking care of their strategic financial management and compliance duties, 501(C)Pa enables nonprofits to deliver more services to their communities, resulting in increased social productivity and economic benefits.
During the current fiscal year, 501(C)Pa has offered accounting, payroll, budgeting, grant reporting, audit assistance, CFO services, and COVID-19 pandemic resources to over 50 nonprofit organizations. Their assistance has been instrumental in helping New Mexico nonprofit organizations access various financial aid, such as PPP loans, Shuttered Venue Operators Grants, NMFA CARES grants, and Employee Retention Credits. By handling their financial management and compliance duties, 501(C)Pa allows nonprofits to operate more efficiently, ensuring better financial health and enabling them to focus more on their primary missions.
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Impact
July, 2024
501(C)Pa has had a significant impact on over 50 nonprofit organizations in New Mexico by providing essential financial management and administrative services. By assisting these organizations in accessing millions of dollars in PPP loans, grants, and tax credits, 501(C)Pa has enabled them to navigate through challenging economic times, reduce stress among employees, and improve their overall financial health. This support has allowed the nonprofits to focus more on their missions, increase their productivity, deliver more services to communities, and generate economic benefits for New Mexico. Through its strategic financial management efforts, 501(C)Pa has played a crucial role in enhancing the effectiveness and sustainability of these nonprofit organizations.
This information is meant to be a general summary of 501(C)Pa. 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: $385
- Program Service Revenue: $863,655
- Gross Receipts: $1,084,040
Assets and Liabilities:
- Total Assets: $591,312
- Total Liabilities: $64,743
- Net Assets: $526,569
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ACCOUNTING, TAX & CONSULTING
Revenue
$863,655
Organization Details
Founding Year
2011
Phone
(505) 433-1350Principal Officer
David Rivard
Main Address
3900 OSUNA RD NE STE 260, ALBUQUERQUE, NM, 87109
Website
www.501cpa.orgNTEE Category
Code: S41 - Community improvement
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