Overview
What is Stop Inc?
Stop Inc is a nonprofit organization situated in Eastern Virginia, committed to alleviating poverty and promoting self-sufficiency among low-income and economically disadvantaged individuals. They accomplish this goal through various program and service initiatives, funded by grants from federal agencies, local, state, and private organizations. These grants often come with specific requirements, which Stop Inc adheres to. They also provide assistance in the form of donated services and facilities for specific programs. Their mission is to collaborate with community partners to empower individuals to overcome poverty and improve their financial situations.
Official website here: www.stopinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Stop Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating that there are areas needing improvement despite some strong organizational attributes. The nonprofit excels in its Program Expense Ratio, demonstrating a commitment to utilizing funds for direct services, and has a fully independent board, which contributes to its accountability. However, the organization faces challenges reflected in the Liabilities to Assets Ratio, which suggests potential financial stability issues.
User feedback from platforms like Great Nonprofits highlights the positive impact of Stop Inc on individuals facing economic hardships. Reviewers commend the organization for its effective programs that address education, employment, housing, and health, significantly improving the lives of economically disadvantaged residents in Eastern Virginia. Accounts of personal success stories showcase Stop Inc's role in facilitating self-sufficiency for clients, underscoring its mission.
While the organization shows strengths in community engagement and resource allocation, it may benefit from addressing its financial management concerns. The lack of the tax form on its website is another area that could be improved to enhance transparency and trust with stakeholders. Overall, Stop Inc demonstrates a strong commitment to its mission, but must focus on improving its financial health and transparency to bolster its rating further.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Stop Inc legitimate?
Stop Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stop 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: $1,560,572
For more financial information, click here
Official website here: www.stopinc.org
What is the mission statement of Stop Inc?
Stop Inc, as a non-profit organization, aims to reduce the impact of poverty in communities by helping low-income and economically disadvantaged individuals in Eastern Virginia attain self-sufficiency. They accomplish this through various program and service initiatives, with the support of community partners. These initiatives are primarily funded through grants from federal agencies and local, state, and private entities, which often come with specific requirements. Additionally, the organization provides assistance in the form of donated services and facilities for specific programs, all following a cost-reimbursement plan outlined in grant award documents.
Official website here: www.stopinc.org
Who is the CEO of Stop Inc?
Perry Hargrove is the Chairman of Stop Inc. The CEO's salary of Stop Inc is $124,625 and their total compensation is $124,625.
Official website here: www.stopinc.org
What is the revenue of Stop Inc?
Stop Inc's revenue in 2021 was $5,024,473.
Official website here: www.stopinc.org
Who are the executives of Stop Inc and what are their salaries?
The average compensation at Stop Inc during 2021 was $37,156. There are 42 employees and 247 volunteers at Stop Inc.
Here are 23 key members and their salaries (Stop Inc's CEO's salary is $124,625 and their total compensation is $124,625):
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Official website here: www.stopinc.org
Where can I find the form 990 for Stop Inc?
Stop Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.stopinc.org
Learn more at the official website: www.stopinc.org
Mission Statement of Stop Inc
Stop Inc, a non-profit corporation, is dedicated to reducing the impact of poverty in communities. With the support of local, state, and private agencies, Stop Inc carries out community action programs. These initiatives aim to assist low-wage earners and economically disadvantaged individuals in Eastern Virginia, helping them achieve self-sufficiency. The organization accomplishes this by complying with grant conditions and special requirements, and by providing assistance in the form of donated services and facilities for specific programs. The funding for these programs is primarily on a cost-reimbursement plan, in accordance with the various grant award documents.
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Impact
July, 2024
Stop Inc's impact can be seen in its efforts to reduce the effects of poverty and help low and moderate wage earners in Eastern Virginia achieve self-sufficiency. Through various program and service initiatives, Stop Inc works with community partners to provide assistance to economically disadvantaged residents. By focusing on education and other support services, Stop Inc is making a tangible difference in the lives of individuals and families in need.
This information is meant to be a general summary of Stop 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 2021.
- Gross Receipts: $5,024,473
Assets and Liabilities:
- Total Assets: $1,247,285
- Total Liabilities: $1,256,746
- Net Assets: -$9,461
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Organization Details
Founding Year
1965
Phone
(757) 858-1360Principal Officer
Perry Hargrove
Main Address
5700 THURSTON AVENUE SUITE 101, VIRGINIA BEACH, VA, 23455
Website
www.stopinc.orgNTEE Category
Code: B22Z - Education
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