Overview
What is Massanetta Springs Inc?
Massanetta Springs Inc, located at 712 Massanetta Springs Road, Harrisonburg, VA 22801, is a nonprofit organization dedicated to offering conference facilities and lodging services. This organization caters specifically to religious, charitable, and educational groups, providing them with suitable programs and accommodations for their meetings and events. With a workforce of 70 individuals, Massanetta Springs Inc is committed to serving these groups with the aim of promoting learning, faith, and community engagement.
Official website here: www.massanettasprings.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Three Stars (85%)
Massanetta Springs Inc has received a solid Three-Star out of Four Star rating from Charity Navigator, indicating that it performs well in terms of accountability and financial health. The organization has a strong commitment to transparency, as evidenced by its independent board comprised entirely of independent members, robust conflict of interest policies, and clear documentation practices. These elements contribute to the organization's positive financial metrics, including a low liabilities-to-assets ratio and high program expense ratio.
The charity's program expense ratio stands at an impressive 74.69%, demonstrating that a significant portion of its resources is directed towards its mission-driven activities. Additionally, the fundraising efficiency ratio of $0.17 indicates that the organization effectively manages its fundraising costs, allowing more funds to be available for programs. The working capital ratio of 4.76 years also suggests that the organization is financially stable and capable of sustaining its operations.
While the organization shows many strengths, ongoing monitoring of its performance and impact in the community will be essential for maintaining its reputation and effectiveness. Overall, Massanetta Springs Inc presents itself as a reliable and accountable nonprofit, with a strong foundation for delivering its services.
This AI summary has been generated from information found on Charity Navigator.
Is Massanetta Springs Inc legitimate?
Massanetta Springs Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Massanetta Springs 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: $101,203
Professional Fundraising Fees: $0
Other Salaries and Wages: $525,236
For more financial information, click here
Official website here: www.massanettasprings.org
What is the mission statement of Massanetta Springs Inc?
Massanetta Springs Inc, as an organization, is dedicated to offering conference programs and lodging facilities for various groups with charitable, religious, or educational purposes. Their mission is to provide a conducive environment for these groups to convene and engage in their respective activities. By offering such services, Massanetta Springs Inc contributes to the advancement of these causes, fostering learning, spiritual growth, and community building. The organization's focus is on ensuring that the facilities meet the needs of these groups, thereby enhancing their experiences and furthering their objectives.
Official website here: www.massanettasprings.org
Who is the CEO of Massanetta Springs Inc?
Clayton Rascoe is the Exec Dir/Secretary/Treasur of Massanetta Springs Inc.
Official website here: www.massanettasprings.org
What is the revenue of Massanetta Springs Inc?
Massanetta Springs Inc's revenue in 2022 was $2,131,784.
Official website here: www.massanettasprings.org
Who are the executives of Massanetta Springs Inc and what are their salaries?
The average compensation at Massanetta Springs Inc during 2022 was $8,949. There are 70 employees and 45 volunteers at Massanetta Springs Inc.
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- Compensation: $69,884
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- Other: $31,318
Official website here: www.massanettasprings.org
Where can I find the form 990 for Massanetta Springs Inc?
Massanetta Springs Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.massanettasprings.org
Learn more at the official website: www.massanettasprings.org
Mission Statement of Massanetta Springs Inc
Massanetta Springs Inc, a nonprofit organization, is dedicated to providing conference programs and lodging facilities for various groups with charitable, religious, or educational purposes. The mission of Massanetta Springs Inc is to serve as a welcoming space where these groups can convene, engage in meaningful discussions, and foster growth and learning. By offering conference facilities and lodging, the organization supports the diverse needs of these groups, allowing them to focus on their respective causes. Whether it's for religious retreats, charitable meetings, or educational workshops, Massanetta Springs Inc is committed to providing an environment that fosters collaboration, reflection, and personal development.
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Impact
July, 2024
Massanetta Springs Inc plays a significant role in providing conference programs and lodging to various groups for charitable, religious, and educational purposes. By offering conference facilities and accommodations, Massanetta Springs Inc contributes to fostering meaningful gatherings and events that empower communities and facilitate personal and professional growth. Through their mission-driven approach, they actively support the goals and initiatives of organizations and individuals dedicated to community improvement.
This information is meant to be a general summary of Massanetta Springs 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: $50,430
- Program Service Revenue: $1,115,242
- Gross Receipts: $2,155,158
Assets and Liabilities:
- Total Assets: $9,098,746
- Total Liabilities: $256,804
- Net Assets: $8,841,942
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LODGING
Revenue
$552,321
REGISTRATION FEES
Revenue
$399,182
DINING
Revenue
$163,739
Organization Details
Founding Year
1995
Phone
(540) 434-3829Principal Officer
Clayton Rascoe
Main Address
712 MASSANETTA SPRINGS ROAD, HARRISONBURG, VA, 22801
Website
www.massanettasprings.orgNTEE Category
Code: S110 - Community improvement
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