Overview
What is Take Stock In Children Of Manatee County Inc?
Take Stock In Children of Manatee County Inc is a nonprofit organization situated in Palmetto, Florida. With a team of nine dedicated individuals, this organization has a mission to break the cycle of poverty through education. They accomplish this by offering college scholarships and mentoring opportunities to low-income and at-risk students. In the fiscal year 2022, they funded over $684,000 in scholarships, enabling beneficiaries to utilize over 1,200 tuition hours. This supportive environment, combining financial aid and caring community mentors, contributes significantly to the students' academic journeys.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
Take Stock In Children Of Manatee County Inc has earned a solid Three-Star rating, reflecting its strong performance in accountability and finance, scoring 83%. The organization demonstrates a high level of governance with 100% independent board members and no material diversion of assets. It also maintains transparency, as evidenced by its policies on conflict of interest, whistleblowing, and document retention.
The nonprofit shows an impressive program expense ratio of 80.01%, indicating that a significant portion of its expenses goes directly towards its programs. Additionally, it excels in gathering and utilizing feedback from the community, achieving perfect scores in both feedback collection and usage. Its equity strategies score is also commendable, though there are some areas for improvement, particularly regarding equity policies and processes.
While the organization exhibits strengths in governance and program delivery, there are some limitations in its equity framework. The equity data score of 5 out of 7 suggests that there may be gaps in the information it collects, and the score of 2 out of 7 for equity policies indicates that further development in this area could enhance its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Take Stock In Children Of Manatee County Inc legitimate?
Take Stock In Children Of Manatee County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Take Stock In Children Of Manatee County 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: $95,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $240,262
For more financial information, click here
What is the mission statement of Take Stock In Children Of Manatee County Inc?
Take Stock In Children of Manatee County Inc is committed to breaking the cycle of poverty through education. By offering unique college mentoring and scholarship opportunities, they aim to support low-income and at-risk students. The organization provides these students with financial aid in the form of college scholarships and caring mentors from the community. In the fiscal year 2022, they funded over $684,000 worth of scholarships, with the scholarship beneficiaries utilizing over 1,200 tuition hours. The mentoring program is an integral part of their efforts, providing additional support to the students.
Who is the CEO of Take Stock In Children Of Manatee County Inc?
Anne Lebaron is the Chair And Director of Take Stock In Children Of Manatee County Inc.
What is the revenue of Take Stock In Children Of Manatee County Inc?
Take Stock In Children Of Manatee County Inc's revenue in 2022 was $1,016,084.
Who are the executives of Take Stock In Children Of Manatee County Inc and what are their salaries?
The average compensation at Take Stock In Children Of Manatee County Inc during 2022 was $37,251. There are 9 employees and 200 volunteers at Take Stock In Children Of Manatee County Inc.
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- Compensation: $95,000
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Where can I find the form 990 for Take Stock In Children Of Manatee County Inc?
Take Stock In Children Of Manatee County Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Take Stock In Children Of Manatee County Inc
Take Stock In Children of Manatee County Inc is an organization dedicated to breaking the cycle of poverty through education. It provides unique college mentoring and scholarship opportunities for low-income and at-risk students. The organization's mission is to offer these students college scholarships and caring mentors from the community, thereby empowering them to achieve academic success and build a better future. In the fiscal year 2022 alone, Take Stock In Children of Manatee County Inc funded over $684,000 in scholarships. These scholarship beneficiaries utilized over 1,200 tuition hours during the same period, in addition to the mentoring they received. The organization's mentorship program plays a crucial role in providing these students with the guidance, support, and motivation they need to succeed in their academic pursuits and ultimately, break the cycle of poverty.
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Impact
July, 2024
Take Stock In Children Of Manatee County Inc's impact lies in providing unique college mentoring and scholarship opportunities for low-income and at-risk students to help them break the cycle of poverty through education. The organization has funded more than $684,000 in scholarships in FY 2022, benefitting students who utilized over 1,200 tuition hours during the same period. By offering college scholarships and caring mentors from the community, this organization is making a tangible difference in the lives of disadvantaged students, empowering them to pursue higher education and a brighter future.
This information is meant to be a general summary of Take Stock In Children Of Manatee County 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: $4,221
- Gross Receipts: $1,016,084
Assets and Liabilities:
- Total Assets: $4,036,003
- Total Liabilities: $217,723
- Net Assets: $3,818,280
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Organization Details
Founding Year
2012
Principal Officer
Anne Lebaron
Main Address
PO BOX 325, PALMETTO, FL, 34220
NTEE Category
Code: T30 - Philanthropy
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