Overview
What is Durham Exchange Club Industries Inc?
Durham Exchange Club Industries Inc (DECI) is a nonprofit organization situated in Durham, North Carolina, specifically at 1717 Lawson Street. Their primary mission is to empower individuals with vocational disabilities, enabling them to attain a sense of self-worth and financial independence. They accomplish this goal by offering various programs and services such as Supported Employment, Work Adjustment, Day Supports, Sheltered Employment, Adult Developmental Vocational Program, and Enrichment Services. DECI holds a contract with Source America (formerly NISH) to provide patient escort services to the VA Hospital in Durham, under the Javits Wagner Program, employing 28 full-time equivalents (FTEs) across three shifts, seven days a week. With a workforce of 238 individuals, DECI is dedicated to optimizing the potential of people with vocational disabilities through meaningful employment opportunities.
Official website here: www.deci.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Durham Exchange Club Industries Inc has achieved a high rating of 96% from Charity Navigator, signifying strong accountability and financial health. The organization has received a perfect score in several key areas, including having an entirely independent board and no reported material diversions of assets. Additionally, it has robust policies in place for conflict of interest and whistleblower protection, reflecting a commitment to transparency and ethical governance.
The nonprofit demonstrates effective financial management with a program expense ratio of 80.16%, indicating that a significant portion of its funds directly supports its programs. The liabilities to assets ratio stands at a low 2.89%, which suggests that the organization maintains a solid financial position. This high level of fiscal responsibility is a positive indicator for potential donors looking to support a well-managed charity.
While the data highlights strong organizational strengths, it's important for stakeholders to consider ongoing performance and impact in the community. Continuous monitoring and evaluation of program effectiveness will be crucial for maintaining trust and demonstrating long-term value to supporters and beneficiaries alike.
This AI summary has been generated from information found on Charity Navigator.
Is Durham Exchange Club Industries Inc legitimate?
Durham Exchange Club Industries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Durham Exchange Club Industries 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: $614,023
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,641,595
For more financial information, click here
Official website here: www.deci.org
What is the mission statement of Durham Exchange Club Industries Inc?
Durham Exchange Club Industries Inc (DECI) is committed to assisting individuals with vocational disabilities in realizing their self-worth. This is achieved by optimizing their potential to secure employment and earn their own income. The organization offers various programs and services, such as Supported Employment, Work Adjustment, Day Supports, Sheltered Employment, Adult Developmental Vocational Program, and Enrichment Services, to facilitate this goal. Through these initiatives, DECI aims to empower individuals with vocational disabilities, enabling them to lead more independent and fulfilling lives.
Official website here: www.deci.org
Who is the CEO of Durham Exchange Club Industries Inc?
Alan Wayne is the President & Ceo of Durham Exchange Club Industries Inc. The CEO's salary of Durham Exchange Club Industries Inc is $268,523 and their total compensation is $298,814.
Official website here: www.deci.org
What is the revenue of Durham Exchange Club Industries Inc?
Durham Exchange Club Industries Inc's revenue in 2023 was $6,391,586.
Official website here: www.deci.org
Who are the executives of Durham Exchange Club Industries Inc and what are their salaries?
The average compensation at Durham Exchange Club Industries Inc during 2023 was $13,679. There are 238 employees at Durham Exchange Club Industries Inc.
Here are 15 key members and their salaries (Durham Exchange Club Industries Inc's CEO's salary is $268,523 and their total compensation is $298,814):
- Compensation: $268,523
- Related: $0
- Other: $30,291
- Compensation: $208,334
- Related: $0
- Other: $18,261
- Compensation: $144,863
- Related: $0
- Other: $31,169
- Compensation: $117,157
- Related: $0
- Other: $12,581
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.deci.org
Where can I find the form 990 for Durham Exchange Club Industries Inc?
Durham Exchange Club Industries Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.deci.org
Learn more at the official website: www.deci.org
Mission Statement of Durham Exchange Club Industries Inc
Durham Exchange Club Industries Inc, as a nonprofit organization, is committed to assisting individuals with vocational disabilities. Their mission is to empower these individuals by helping them optimize their potential to earn their own wages through work. This is achieved through various programs and services, including Supported Employment, Work Adjustment, Day Supports, Sheltered Employment, Adult Developmental Vocational Program, and Enrichment Services. By engaging in these activities, Durham Exchange Club Industries Inc aims to provide these individuals with a sense of self-worth and independence.
Through its contract with Source America, Durham Exchange Club Industries Inc provides patient escort services to the VA Hospital in Durham. Source America is a national nonprofit agency designated by the Committee for Purchase from People who are Blind or Severely Disabled. This contract allows Durham Exchange Club Industries Inc to provide employment opportunities, covering 28 Full-Time Equivalents (FTEs) across three shifts, seven days a week. This partnership with Source America serves as a testament to Durham Exchange Club Industries Inc's dedication to providing employment opportunities and fostering independence for individuals with vocational disabilities.
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Impact
July, 2024
Durham Exchange Club Industries Inc, also known as DECI, has a significant impact on the community by providing individuals with vocational disabilities the opportunity to achieve a sense of self-worth through work. DECI offers a variety of programs and services such as Supported Employment, Work Adjustment, Day Supports, Sheltered Employment, Adult Developmental Vocational Program, and Enrichment Services.
One notable contract that DECI has is with Source America to provide patient escort services to the VA Hospital in Durham. This contract, which covers 28 full-time employees working in 3 shifts, 7 days a week, not only benefits the individuals employed by DECI but also contributes to the smooth functioning of the healthcare services at the VA Hospital.
By empowering individuals with vocational disabilities to earn their own wages and participate in the workforce, DECI plays a crucial role in promoting inclusivity and self-sufficiency in the community. Their dedication to creating employment opportunities for all individuals, regardless of disabilities, aligns with their mission to help people achieve their full potential in the workplace.
This information is meant to be a general summary of Durham Exchange Club Industries 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.
- Investment Income: $406,665
- Program Service Revenue: $3,271,089
- Gross Receipts: $13,514,753
Assets and Liabilities:
- Total Assets: $25,348,763
- Total Liabilities: $735,103
- Net Assets: $24,613,660
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Source America
Revenue
$1,894,683
Innovations (Medicaid)
Revenue
$679,444
Adult Day Vocational Program (ADVP)
Revenue
$313,884
Vocations Rehab - Job Placement
Revenue
$238,126
Supported Employment
Revenue
$78,088
Organization Details
Founding Year
1966
Phone
(919) 596-1341Principal Officer
Alan Wayne
Main Address
1717 Lawson Street, Durham, NC, 27703
Website
www.deci.orgNTEE Category
Code: J30Z - Employment
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