Overview
What is Resources For Independence Inc?
Resources for Independence Inc, situated in Cumberland, Maryland, is a dedicated nonprofit organization that aims to empower individuals with disabilities. Their primary mission is to support these individuals in making their own life choices to the fullest extent possible. They achieve this by operating a Center for Independent Living in Western Maryland, providing crucial services such as counseling, training, advocacy, information and referral, and transportation. Their work extends beyond just offering assistance; they also advocate for equal rights and accessibility. With a team of eight dedicated employees, Resources for Independence Inc is committed to fostering independence and advocating for the rights of people with disabilities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating
Resources For Independence Inc has achieved a commendable Four-Star rating from Charity Navigator, indicating strong performance in accountability and financial health. The charity's overall score is based solely on its accountability and finance metrics, where it earned a high score of 94%. This high rating reflects the organization’s effective governance and transparency, with all board members being independent and a solid financial structure showcasing a low liabilities to assets ratio.
The charity demonstrates exceptional financial practices, with 90.91% of its expenses directed towards programs, ensuring that funds are being utilized effectively for its mission. Additionally, Resources For Independence Inc has established formal policies related to conflicts of interest and whistleblower protections, which are critical for maintaining ethical standards within the organization. The charity has no reported material diversions of assets, highlighting its commitment to proper financial management.
While the data reflects strong organizational strengths, potential donors should remain attentive to how the charity continues to maintain such high standards over time. Overall, Resources For Independence Inc presents itself as a responsible and efficient nonprofit, offering assurance to stakeholders regarding its financial integrity and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Resources For Independence Inc legitimate?
Resources For Independence Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Resources For 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: $104,759
Professional Fundraising Fees: $0
Other Salaries and Wages: $229,194
For more financial information, click here
What is the mission statement of Resources For Independence Inc?
Resources for Independence Inc is committed to empowering individuals with disabilities, enabling them to make their own life choices to the fullest extent possible. This organization advocates for equal rights and accessibility. Their mission is to operate a center for independent living, providing essential services such as counseling, training, advocacy, information and referral, and transportation to disabled persons. By doing so, they aim to support these individuals in achieving a greater level of independence and self-reliance.
Who is the CEO of Resources For Independence Inc?
Lori Magruder is the President of Resources For Independence Inc.
What is the revenue of Resources For Independence Inc?
Resources For Independence Inc's revenue in 2022 was $554,159.
Who are the executives of Resources For Independence Inc and what are their salaries?
The average compensation at Resources For Independence Inc during 2022 was $41,744. There are 8 employees and 15 volunteers at Resources For Independence Inc.
Here are 7 key members and their salaries:
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- Compensation: $28,828
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- Compensation: $75,931
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- Other: $0
Where can I find the form 990 for Resources For Independence Inc?
Resources For Independence Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Resources For Independence Inc
Resources for Independence Inc is committed to empowering individuals with disabilities, enabling them to make their own life choices to the fullest extent possible. This nonprofit organization advocates for equal rights and accessibility, serving as a strong advocate in this regard. Their mission is to operate a Center for Independent Living, providing crucial services such as counseling, training, advocacy, information and referral, and transportation to individuals with disabilities. By doing so, Resources for Independence Inc aims to support these individuals in living independent and fulfilling lives, advocating for their rights and promoting equal accessibility in all aspects of life.
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Impact
July, 2024
Resources For Independence Inc empowers individuals with disabilities to make their own life choices to the fullest extent possible. Through counseling, training, advocacy, information, referral services, and transportation assistance, this organization in Cumberland, Maryland, operates a center for independent living. By advocating for equal rights and accessibility, Resources For Independence Inc has a significant impact on improving the quality of life for individuals with disabilities in Western Maryland.
This information is meant to be a general summary of Resources For 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: $176
- Program Service Revenue: $39,100
- Gross Receipts: $561,551
Assets and Liabilities:
- Total Assets: $191,582
- Total Liabilities: $12,662
- Net Assets: $178,920
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DISABILITY SERVICES
Revenue
$39,100
Organization Details
Founding Year
1995
Phone
(301) 784-1774Principal Officer
Lori Magruder
Main Address
735 EAST OLDTOWN ROAD, CUMBERLAND, MD, 21502
NTEE Category
Code: P820 - Human services
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