Overview
What is Next Step For Life Inc?
Next Step For Life Inc, situated in Cookeville, Tennessee, is a nonprofit organization committed to offering transitional housing and life skills training to young men and women. Through classes and work study programs, they equip individuals with essential skills for independence. With a team of nine dedicated professionals, they strive to provide a supportive environment to help these young adults navigate their lives more effectively.
Official website here: www.nextstep.life
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
Next Step For Life Inc has received an 84% rating from Charity Navigator, reflecting a solid level of accountability and financial health. The rating is based entirely on their Accountability & Finance score, which indicates responsible fiscal management and transparency. The organization has a majority of independent board members, which lends credibility to its governance.
Strengths noted include a high program expense ratio of 90.34%, indicating that a significant portion of their funding goes directly to their programs. They also scored full marks in several areas, such as the presence of an Audit and Oversight Committee and the documentation of board meeting minutes. These elements suggest a commitment to operational integrity and effective oversight.
However, the organization does have some limitations, specifically the absence of a conflict of interest policy, whistleblower policy, and document retention and destruction procedures, which may raise concerns regarding governance practices. Addressing these gaps could further enhance their accountability and overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Next Step For Life Inc legitimate?
Next Step For Life Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Next Step For Life 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: $174,676
For more financial information, click here
Official website here: www.nextstep.life
What is the mission statement of Next Step For Life Inc?
Next Step For Life Inc is committed to providing transitional housing and life skills training to young men and women. Their mission is accomplished through the provision of temporary housing and the conduct of educational classes, as well as work study programs. The organization aims to equip these individuals with the necessary skills to transition smoothly into independent living. By offering these services, Next Step For Life Inc seeks to empower young people and enhance their ability to lead fulfilling and self-sufficient lives.
Official website here: www.nextstep.life
Who is the CEO of Next Step For Life Inc?
Diane Roland is the Treasurer of Next Step For Life Inc.
Official website here: www.nextstep.life
What is the revenue of Next Step For Life Inc?
Next Step For Life Inc's revenue in 2022 was $800,656.
Official website here: www.nextstep.life
Who are the executives of Next Step For Life Inc and what are their salaries?
The average compensation at Next Step For Life Inc during 2022 was $19,408. There are 9 employees at Next Step For Life Inc.
Here are 6 key members and their salaries:
- Compensation: $50,000
- Related: $0
- Other: $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
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.nextstep.life
Where can I find the form 990 for Next Step For Life Inc?
Next Step For Life Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nextstep.life
Learn more at the official website: www.nextstep.life
Mission Statement of Next Step For Life Inc
Next Step For Life Inc, a nonprofit organization, is dedicated to providing transitional housing and life skills training to young men and women. Their mission is to offer a supportive environment where individuals in need can acquire essential life skills through classes and work-study programs. By providing this service, Next Step For Life Inc aims to empower these young people to transition smoothly into independent living. The organization's approach is multifaceted, encompassing not just a place to stay, but also the tools and knowledge needed to thrive in their future endeavors.
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Impact
July, 2024
Next Step For Life Inc has a significant impact on the lives of young men and women by providing transitional housing and essential life skills training. Through their programs, participants are equipped with the tools and resources needed to gain independence and thrive in society. By offering a combination of housing support and educational opportunities, Next Step For Life Inc empowers individuals to build a stable foundation for their future, fostering personal growth and self-sufficiency. This organization plays a crucial role in supporting the development and success of young adults in need, making a lasting impact on their lives and the community as a whole.
This information is meant to be a general summary of Next Step For Life 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: $784
- Program Service Revenue: $57,372
- Gross Receipts: $800,656
Assets and Liabilities:
- Total Assets: $1,609,319
- Total Liabilities: $17,865
- Net Assets: $1,591,454
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WORK STUDY INCOME
Revenue
$42,327
PROGRAM FEES INCOME
Revenue
$15,045
Organization Details
Founding Year
2015
Phone
(931) 400-0316Principal Officer
Diane Roland
Main Address
1491 W BROAD STREET, COOKEVILLE, TN, 38501
Website
www.nextstep.lifeNTEE Category
Code: P32 - Human services
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