Overview
What is Msbc Five Star Program Inc?
Msbc Five Star Program Inc, headquartered in Gwynn Oak, Maryland, is a nonprofit organization with a mission to serve families within their community. Operating as a faith-based outreach program, they aim to meet the diverse needs of families in their area. Their activities focus on community development with a strong emphasis on family-centric initiatives. The organization boasts a dedicated team of 12 employees, dedicated to making a difference in the lives of the families they serve.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star Rating)
Msbc Five Star Program Inc has achieved a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The overall score is driven entirely by their accountability and finance metrics, which received an impressive score of 83%. This rating reflects the organization's commitment to transparency and responsible management of its financial resources.
One of the organization's notable strengths is its board composition, featuring 100% independent members, which signifies a commitment to governance and oversight. Additionally, they excel in financial practices, with no material diversion of assets reported and a well-structured document retention policy. The program expense ratio of 76.28% suggests that a significant portion of their expenses is directed toward their charitable activities, which is a positive indicator for potential donors.
However, despite these strengths, there is room for improvement concerning the liabilities to assets ratio, which stands at 53.98%. While this ratio is fairly reasonable, it implies that the organization has a significant level of liabilities relative to its assets, which could be a consideration for stakeholders assessing financial stability. Overall, Msbc Five Star Program Inc demonstrates a responsible approach to its operations, making it a credible option for those looking to support its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Msbc Five Star Program Inc legitimate?
Msbc Five Star Program Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Msbc Five Star Program 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: $153,480
For more financial information, click here
What is the mission statement of Msbc Five Star Program Inc?
Msbc Five Star Program Inc's mission is centered around operating as a faith-based outreach program, with the primary objective of addressing the needs of families. This organization is dedicated to community development, focusing on family- and community-oriented initiatives. In essence, its mission is to support families through its faith-based outreach programs.
What is the revenue of Msbc Five Star Program Inc?
Msbc Five Star Program Inc's revenue in 2023 was $627,557.
Who are the executives of Msbc Five Star Program Inc and what are their salaries?
The average compensation at Msbc Five Star Program Inc during 2023 was $12,790. There are 12 employees at Msbc Five Star Program Inc.
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Where can I find the form 990 for Msbc Five Star Program Inc?
Msbc Five Star Program Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Msbc Five Star Program Inc
Msbc Five Star Program Inc, as a faith-based organization, is dedicated to reaching out and addressing the needs of families within the community. Their mission is centered around operating as an outreach program, aiming to cater to the requirements of families in a holistic manner. This nonprofit organization focuses on community development and initiates family and community-oriented projects.
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Impact
July, 2024
Msbc Five Star Program Inc, through its faith-based outreach initiatives, has made a significant impact on the Gwynn Oak community in Maryland. The organization is dedicated to meeting the needs of families through community development and family-oriented programs. Their focus on youth development has helped empower young individuals and strengthen family bonds within the community. Overall, Msbc Five Star Program Inc's impact can be seen in the positive changes it has brought to families and youth in Gwynn Oak.
This information is meant to be a general summary of Msbc Five Star Program 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.
- Program Service Revenue: $203,444
- Gross Receipts: $627,557
Assets and Liabilities:
- Total Assets: $3,418,576
- Total Liabilities: $1,845,544
- Net Assets: $1,573,032
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHURCH SUBSIDY
Revenue
$103,371
PATIENT SERVICE REVENUE
Revenue
$98,533
SPECIAL ACTIVITIES INCOME
Revenue
$1,540
Organization Details
Founding Year
2001
Principal Officer
Tanyaneka Lipscomb
NTEE Category
Code: O50 - Youth development
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