Overview
What is Frederica Senior Center Inc?
Frederica Senior Center Inc is a nonprofit organization situated in Frederica, Delaware. With a membership base of 1,400 individuals over the age of 55, this center offers a nurturing environment where seniors can enjoy nutritious meals and engage in social and recreational activities. The center operates an outreach program to support homebound members, and a monthly newsletter keeps members informed. Additionally, transportation services are available for seniors, catering to various needs. With a team of 10 dedicated employees, Frederica Senior Center Inc strives to enrich the lives of its senior community by providing engaging activities and essential support services.
Official website here: www.fscnews.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, Score: 69%)
Frederica Senior Center Inc has received a two-star rating from Charity Navigator, indicating that the organization needs improvement in several areas. While the center scores well in governance aspects, such as having a majority of independent board members and maintaining thorough financial statements, there are significant gaps noted in its accountability practices. Specifically, the absence of conflict of interest and whistleblower policies highlights areas where the organization could strengthen its operational integrity.
The financial performance of Frederica Senior Center Inc appears to be satisfactory, with a program expense ratio of nearly 93%, suggesting a strong focus on programmatic spending. However, the liabilities to assets ratio of 76.30% raises concerns about financial stability, signaling that the organization may be over-leveraged. This could potentially impact its long-term sustainability and ability to deliver services effectively.
Additionally, the lack of publicly available documents such as the tax form on the nonprofit's website may affect transparency and trust with stakeholders. Improving accountability measures and enhancing financial disclosures could help elevate the organization's rating in future evaluations. Overall, while Frederica Senior Center Inc demonstrates commitment to its programs, addressing these governance and financial issues is crucial for its growth and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Frederica Senior Center Inc legitimate?
Frederica Senior Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Frederica Senior Center 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: $81,845
Professional Fundraising Fees: $0
Other Salaries and Wages: $126,636
For more financial information, click here
Official website here: www.fscnews.org
What is the mission statement of Frederica Senior Center Inc?
The Frederica Senior Center Inc serves individuals over the age of 55 by providing a facility where they can enjoy nutritious meals and engage in social and recreational activities. With a membership of 1,400 individuals, the center also produces a monthly newsletter and reaches out to homebound members through an outreach program. Moreover, transportation services are offered to seniors for various purposes, enhancing their overall experience. In essence, the center aims to enrich the lives of senior citizens by offering a supportive environment for social interaction and nourishment.
Official website here: www.fscnews.org
Who is the CEO of Frederica Senior Center Inc?
Marvin Lands is the President of Frederica Senior Center Inc.
Official website here: www.fscnews.org
What is the revenue of Frederica Senior Center Inc?
Frederica Senior Center Inc's revenue in 2022 was $526,281.
Official website here: www.fscnews.org
Who are the executives of Frederica Senior Center Inc and what are their salaries?
The average compensation at Frederica Senior Center Inc during 2022 was $20,848. There are 10 employees at Frederica Senior Center Inc.
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Official website here: www.fscnews.org
Where can I find the form 990 for Frederica Senior Center Inc?
Frederica Senior Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fscnews.org
Learn more at the official website: www.fscnews.org
Mission Statement of Frederica Senior Center Inc
Frederica Senior Center Inc is dedicated to serving individuals over the age of 55, offering them a welcoming facility where they can enjoy nutritious meals and engage in social and recreational activities. With a membership of 1,400 individuals, this nonprofit organization goes beyond providing meals, also offering a monthly newsletter and outreach programs to support homebound members. The center's mission is to foster an environment that promotes social interaction and well-being, ensuring that seniors remain active and engaged in their community. Through paid memberships, Frederica Senior Center Inc provides a space where seniors can connect, share experiences, and participate in various activities, enriching their lives and fostering a sense of belonging.
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Impact
July, 2024
Frederica Senior Center Inc provides a vital space for individuals over the age of 55 to access nutritious meals and engage in social and recreational activities. With a paid membership totaling 1,400 individuals, the center plays a crucial role in fostering community and support for seniors in Frederica. Additionally, their monthly newsletter and outreach program ensures that homebound members are also included and supported. By offering transportation services for various purposes, the center helps seniors stay connected and active in their community. Overall, Frederica Senior Center Inc's impact is evident in the well-being and quality of life they enhance for their members.
This information is meant to be a general summary of Frederica Senior Center 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: $6
- Program Service Revenue: $37,441
- Gross Receipts: $530,102
Assets and Liabilities:
- Total Assets: $844,717
- Total Liabilities: $641,934
- Net Assets: $202,783
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEALS
Revenue
$31,234
TRIPS
Revenue
$2,328
SOCIAL/RECREATIONAL
Revenue
$3,616
NEWLETTER
Revenue
$250
OUTREACH
Revenue
$13
Organization Details
Founding Year
1974
Phone
(302) 335-4555Principal Officer
Marvin Lands
Main Address
PO BOX 165, FREDERICA, DE, 19946
Website
www.fscnews.orgNTEE Category
Code: P810 - Human services
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