Overview
What is Fayco Enterprises Inc?
Fayco Enterprises Inc is a nonprofit organization situated in Vandalia, Illinois. Their primary mission is to integrate individuals with disabilities into the community, enhancing their lives with choices and independence. They provide a unique residential alternative for developmentally disabled adults, ensuring an appropriate living arrangement for each individual. Under this program, they offer intensive residential services to 44 individuals, providing approximately 15,288 hours of care annually. The organization's activities and mission extend beyond training and rehabilitation, as they strive to enrich the lives of those they serve, fostering community integration. With a dedicated workforce of 259 employees, Fayco Enterprises Inc is committed to supporting and empowering individuals with disabilities.
Official website here: www.fayco.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% - Four-Star out of Four Star rating
Fayco Enterprises Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The organization's overall score is derived entirely from its impressive accountability and finance metrics, showcasing a high level of transparency and responsibility in its operations.
The nonprofit excels in various areas, including having a fully independent board of directors, which not only meets but exceeds standards with 100% independent members. Additionally, it has demonstrated sound financial practices, notably a low liabilities to assets ratio of 17.13% and a program expense ratio of 85.80%, signifying that the majority of its funding is directed toward its mission-driven programs.
While the data points to significant strengths in governance and financial management, it's important to remain aware that the rating is solely based on accountability and finance. Additional qualitative factors, such as program impact and community feedback, were not included in this assessment. Overall, the nonprofit stands out for its robust framework, ensuring its operations align with best practices in the sector.
This AI summary has been generated from information found on Charity Navigator.
Is Fayco Enterprises Inc legitimate?
Fayco Enterprises Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fayco Enterprises 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: $174,300
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,643,120
For more financial information, click here
Official website here: www.fayco.org
What is the mission statement of Fayco Enterprises Inc?
Fayco Enterprises Inc's mission is centered around integrating individuals with disabilities and various life challenges into the community, enriching their quality of life. The organization strives to provide them with choices and independence. Their activities include offering training, rehabilitative, and residential services tailored to the needs of individuals living in the surrounding area. By implementing a Community Integrated Living program, they provide a unique set of services for each developmentally disabled adult, ensuring appropriate residential options are accessible. This program, which operates 365 days a year, provided intensive residential services to 44 individuals, resulting in approximately 15,288 hours of care provided.
Official website here: www.fayco.org
Who is the CEO of Fayco Enterprises Inc?
Pam Yates is the Treasurer of Fayco Enterprises Inc.
Official website here: www.fayco.org
What is the revenue of Fayco Enterprises Inc?
Fayco Enterprises Inc's revenue in 2023 was $6,558,536.
Official website here: www.fayco.org
Who are the executives of Fayco Enterprises Inc and what are their salaries?
The average compensation at Fayco Enterprises Inc during 2023 was $14,739. There are 259 employees and 15 volunteers at Fayco Enterprises Inc.
Here are 16 key members and their salaries:
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Official website here: www.fayco.org
Where can I find the form 990 for Fayco Enterprises Inc?
Fayco Enterprises Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fayco.org
Learn more at the official website: www.fayco.org
Mission Statement of Fayco Enterprises Inc
Fayco Enterprises Inc is committed to integrating individuals with disabilities and other life challenges into their community, enriching their quality of life with choices and independence. Their mission is twofold: firstly, they aim to provide training, rehabilitative, and residential services for individuals with disabilities living in the surrounding area. Secondly, they strive to ensure that these individuals are well-integrated into the community, leading fulfilling lives with a sense of independence and choice. Fayco Enterprises Inc achieves this by offering a community-integrated living program, which provides a unique set of services tailored to each participant. This program offers intensive residential care for 44 individuals, ensuring that an appropriate residential option is available to every developmentally disabled adult. The organization provides approximately 15,288 hours of care to these individuals each year, ensuring their well-being and growth within the community.
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Impact
July, 2024
Fayco Enterprises Inc's impact is significant in providing training, rehabilitative, and residential services for individuals with disabilities in the surrounding area. Through their community integrated living program, they offer a unique set of services tailored to each individual to ensure appropriate residential options are available. With intensive residential services provided to 44 individuals, totaling approximately 15,288 hours of care, Fayco Enterprises Inc plays a crucial role in enriching the quality of life for individuals with disabilities and integrating them into the community with choice and independence. Their focus on employment underscores their commitment to empowering individuals with disabilities to lead fulfilling lives.
This information is meant to be a general summary of Fayco Enterprises 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: $28,716
- Program Service Revenue: $6,051,840
- Gross Receipts: $6,543,158
Assets and Liabilities:
- Total Assets: $5,464,330
- Total Liabilities: $936,365
- Net Assets: $4,527,965
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES FROM GOV'T CONTRA
Revenue
$5,069,596
CLIENT PAYMENTS
Revenue
$459,852
MEDICARE/MEDICAID PMTS
Revenue
$386,042
WORKSHOP
Revenue
$136,350
Organization Details
Founding Year
1975
Phone
(618) 283-0638Principal Officer
Pam Yates
Main Address
PO BOX 277, VANDALIA, IL, 62471
Website
www.fayco.orgNTEE Category
Code: J33Z - Employment
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