Overview
What is Special Treasures Of Iredell County?
Special Treasures of Iredell County is a nonprofit organization located in Statesville, North Carolina. Their primary mission is to offer employment opportunities to foster youth in Iredell County, providing them with valuable skills such as sales, merchandising, furniture reupholstering, painting, and repair. By operating a thrift store, the organization generates profits that support the Children's Homes of Iredell County and offer transitional housing to young adults who have aged out of the foster care system. Additionally, they help foster youth secure internships and community mentors, ensuring a smooth transition into independent living. The organization's workforce consists of 40 dedicated individuals.
Official website here: www.special-treasures.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two Stars (Needs Improvement), Score: 72%
Special Treasures of Iredell County holds a two-star rating from Charity Navigator, indicating that while the organization demonstrates solid performance in certain areas, it still has significant room for improvement. The organization scored well in leadership and adaptability, receiving a perfect score of 100 in this category, which reflects a strong commitment to effective governance and responsiveness to challenges. Additionally, the program expense ratio is commendable at 85.67%, indicating a high focus on programmatic spending relative to total expenses.
However, the organization struggles with several key accountability practices, as evidenced by the absence of critical policies such as a conflict of interest policy and a whistleblower policy, both of which received a score of zero. Moreover, the lack of documentation regarding retention and destruction policies raises concerns about the organization's commitment to transparency and sound governance. While the organizational structure features a majority of independent board members, these governance gaps could hinder its overall effectiveness.
Despite these limitations, Special Treasures of Iredell County has shown strengths in financial health, as highlighted by a low liabilities-to-assets ratio of 2.45% and an investment in leadership development. The organization is evidently committed to its mission, but addressing the shortcomings in its accountability and policy framework will be crucial for improving its rating and enhancing stakeholder trust.
This AI summary has been generated from information found on Charity Navigator.
Is Special Treasures Of Iredell County legitimate?
Special Treasures Of Iredell County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Special Treasures Of Iredell County 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: $215,340
For more financial information, click here
Official website here: www.special-treasures.org
What is the mission statement of Special Treasures Of Iredell County?
The mission of Special Treasures Of Iredell County is centered around providing opportunities for foster youth and young adults. They offer a learning environment where these individuals can acquire skills such as sales, merchandising, furniture upholstery, painting, and repair. The organization also assists in securing internships and community mentors for foster youth. Moreover, they provide transitional housing for those who are no longer eligible for foster care and offer support to young adults who have aged out of the foster system as they transition into independent living.
Official website here: www.special-treasures.org
Who is the CEO of Special Treasures Of Iredell County?
Karen Evans is the Treasurer of Special Treasures Of Iredell County.
Official website here: www.special-treasures.org
What is the revenue of Special Treasures Of Iredell County?
Special Treasures Of Iredell County's revenue in 2022 was $727,937.
Official website here: www.special-treasures.org
Who are the executives of Special Treasures Of Iredell County and what are their salaries?
The average compensation at Special Treasures Of Iredell County during 2022 was $5,384. There are 40 employees at Special Treasures Of Iredell County.
Here are 7 key members and their salaries:
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Official website here: www.special-treasures.org
Where can I find the form 990 for Special Treasures Of Iredell County?
Special Treasures Of Iredell County's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.special-treasures.org
Learn more at the official website: www.special-treasures.org
Mission Statement of Special Treasures Of Iredell County
Special Treasures of Iredell County is an organization dedicated to providing opportunities for foster youth and young adults. Its mission is threefold. Firstly, it offers a learning environment where these individuals can gain skills in areas such as sales, merchandising, furniture upholstering, painting, and repair. Secondly, Special Treasures of Iredell County helps secure internships and establishes community mentors for foster youth, providing them with guidance and support. Lastly, the organization provides transitional housing for those who are no longer eligible for foster care, offering them a stepping stone towards independent living. The goal is to equip these young adults with the necessary tools and resources to navigate their future with confidence.
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Impact
July, 2024
Special Treasures Of Iredell County has a significant impact on the foster youth and young adults in Iredell County. The organization provides valuable work opportunities, teaching skills such as sales, merchandising, furniture reupholstering, painting, and repair. Additionally, they assist in obtaining internships and community mentors for foster youth, and offer transitional housing for those who are no longer eligible for foster care.
By running a thrift store that provides employment opportunities for foster youth, Special Treasures Of Iredell County not only helps these individuals gain practical skills but also supports the Children's Homes of Iredell County. The profits generated from the store go towards providing transitional assistance to young adults who have aged out of the foster care system, aiding in their transition to independent living.
Overall, Special Treasures Of Iredell County's mission to provide work opportunities and support to foster youth and young adults plays a crucial role in empowering these individuals and helping them build a successful future.
This information is meant to be a general summary of Special Treasures Of Iredell County. 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: $26,255
- Program Service Revenue: $670,630
- Gross Receipts: $727,937
Assets and Liabilities:
- Total Assets: $1,483,983
- Total Liabilities: $72,071
- Net Assets: $1,411,912
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$670,630
Organization Details
Founding Year
2014
Phone
(704) 873-7015Principal Officer
Karen Evans
Main Address
PO BOX 125, STATESVILLE, NC, 28687
Website
www.special-treasures.orgNTEE Category
Code: P29 - Human services
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