Overview
What is Concepts Of Independence Inc?
Concepts of Independence Inc, a New York-based not-for-profit organization, supports severely disabled individuals in New York who receive personal care assistance services funded through NYS Medicaid. With a team of over 6,000 personnel, including more than 3,000 consumers and 6,000 personal assistants, Concepts of Independence acts as a fiscal intermediary, managing payroll processing and program administration for these consumers. Their mission extends to New York City's five boroughs and several counties, ensuring these individuals can navigate their care effectively.
Official website here: www.coiny.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Concepts of Independence Inc has received a Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The overall score is derived from a perfect 100% in the Accountability & Finance category, reflecting the organization’s commitment to transparency and responsible financial practices.
The nonprofit boasts an independent board consisting entirely of eight members, which is a significant strength as it minimizes conflicts of interest and enhances governance. Additionally, the organization has maintained an excellent program expense ratio of 94.18%, demonstrating a strong focus on delivering its services effectively.
There are no noted limitations or concerns regarding financial management or governance practices, as the organization also reports no material diversions of assets and adheres to comprehensive policies for conflict of interest and whistleblower protections. Overall, Concepts of Independence Inc exemplifies a well-managed nonprofit with a strong commitment to its mission and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Concepts Of Independence Inc legitimate?
Concepts Of Independence Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Concepts Of Independence 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: $136,650,942
For more financial information, click here
Official website here: www.coiny.org
What is the mission statement of Concepts Of Independence Inc?
Concepts of Independence is a non-profit organization dedicated to assisting severely disabled individuals in New York who receive personal care assistance services funded by New York State Medicaid. The organization plays a crucial role by managing payroll processing, monitoring fiscal intermediary, and handling other vendor responsibilities. With a presence throughout New York City's five boroughs and several counties, Concepts of Independence aims to facilitate the delivery of essential services to those in need. By assuming these administrative tasks, the organization enables caregivers and service providers to focus on delivering high-quality care to the severely disabled population, ultimately improving their quality of life.
Official website here: www.coiny.org
Who is the CEO of Concepts Of Independence Inc?
Same As C Above is the Principal Officer of Concepts Of Independence Inc.
Official website here: www.coiny.org
What is the revenue of Concepts Of Independence Inc?
Concepts Of Independence Inc's revenue in 2022 was $182,901,777.
Official website here: www.coiny.org
Who are the executives of Concepts Of Independence Inc and what are their salaries?
The average compensation at Concepts Of Independence Inc during 2022 was $21,819. There are 6263 employees at Concepts Of Independence Inc.
Here are 14 key members and their salaries:
- Compensation: $251,472
- Related: $18,928
- Other: $10,641
- Compensation: $203,696
- Related: $15,331
- Other: $22,308
- Compensation: $138,611
- Related: $10,433
- Other: $22,308
- Compensation: $124,784
- Related: $9,392
- Other: $21,302
- Compensation: $120,904
- Related: $9,100
- Other: $10,641
- Compensation: $116,931
- Related: $8,801
- Other: $4,800
- Compensation: $103,232
- Related: $7,772
- Other: $4,800
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.coiny.org
Where can I find the form 990 for Concepts Of Independence Inc?
Concepts Of Independence Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.coiny.org
Learn more at the official website: www.coiny.org
Mission Statement of Concepts Of Independence Inc
Concepts of Independence, a not-for-profit organization, dedicates its efforts to assisting severely disabled individuals in New York who receive personal care assistance services funded through NYS Medicaid. The organization plays a vital role in providing essential services including payroll processing, monitoring fiscal intermediary, and managing vendor responsibilities. Concepts of Independence's reach extends beyond New York City's five boroughs and into several New York State counties, ensuring its services are accessible to a wide range of individuals in need. By assuming these responsibilities, Concepts of Independence empowers severely disabled individuals to receive the care and support they require, enabling them to live more independently and with greater dignity. The organization's commitment to its mission is unwavering, and its services are crucial in helping disabled individuals navigate the complexities of Medicaid funding and access to essential personal care services.
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Impact
October, 2024
Concepts of Independence Inc profoundly impacts the lives of severely disabled individuals in New York by offering essential services that empower them to manage their personal care. Serving over 3,000 individuals under the Medicaid Managed Care Health Benefit Plan, the organization plays a critical role in facilitating consumer-directed personal assistance services. This approach enables individuals to exert greater control over their care, allowing them to select and manage their personal assistants.
By streamlining payroll processing and offering program administration services, Concepts acts as a fiscal intermediary. This support includes handling wage and benefit processing for more than 6,000 personal assistants, thereby ensuring that caregivers receive timely compensation for their vital work. The focus on payroll monitoring and program administration alleviates administrative burdens from consumers, allowing them to concentrate on their health and well-being.
Operating throughout New York City's five boroughs and several counties, Concepts of Independence fosters inclusivity and accessibility in care. Their commitment to supporting individuals with disabilities not only enhances quality of life but also promotes independence and dignity, transforming the landscape of personal care assistance in the region. Overall, their work signifies a vital resource for individuals facing significant challenges, advocating for autonomy and reinforcing the importance of personalized care models.
This information is meant to be a general summary of Concepts Of Independence 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: $1
- Program Service Revenue: $182,901,776
- Gross Receipts: $182,901,777
Assets and Liabilities:
- Total Assets: $128,168,608
- Total Liabilities: $33,499,119
- Net Assets: $94,669,489
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGED CARE REVENUES
Revenue
$166,541,846
OTHER INCOME
Revenue
$16,359,930
Organization Details
Founding Year
1977
Phone
(212) 293-9999Principal Officer
Same As C Above
Main Address
120 WALL STREET 9TH FLOOR, NEW YORK, NY, 10005
Website
www.coiny.orgNTEE Category
Code: E92 - Health
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