Overview
What is Rowan Vocational Opportunities Inc?
Rowan Vocational Opportunities Inc, located in Salisbury, North Carolina, is a nonprofit organization dedicated to empowering physically, mentally, or emotionally challenged adults. They provide a conducive environment for vocational assessment, work adjustment training, and daily activity sessions. The primary objective is to develop work skills that ultimately lead to employment opportunities or enhance independent living abilities. The organization collaborates with private industries, offering contract work at their workshop, thereby offering hands-on vocational training to their clients. With a workforce of 219 individuals, Rowan Vocational Opportunities Inc seeks to enhance the lives of those they serve.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%
Rowan Vocational Opportunities Inc holds a Three-Star out of Four Star rating from Charity Navigator, reflecting a strong performance in the area of Accountability & Finance. The organization achieved a score of 86, demonstrating solid financial practices and governance. This strong rating is primarily derived from their commitment to transparency and prudent financial management, as evidenced by key metrics like a 6.02% liabilities to assets ratio and an impressive program expense ratio of 86.48%.
The nonprofit showcases a fully independent board with 100% of its members being independent, which contributes to its accountability. The board's size and structure, along with robust audit and oversight processes, indicate a well-managed organization. Additionally, the absence of any material diversion of assets enhances its credibility and trustworthiness in managing funds appropriately.
While the organization has demonstrated commendable strengths in financial management and governance, continued focus on sustaining high operational standards will be essential. Overall, Rowan Vocational Opportunities Inc stands out as a reliable nonprofit with a dedication to accountability and effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Rowan Vocational Opportunities Inc legitimate?
Rowan Vocational Opportunities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rowan Vocational Opportunities 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: $2,496,796
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What is the mission statement of Rowan Vocational Opportunities Inc?
Rowan Vocational Opportunities Inc is an organization established to cater to physically, mentally, or emotionally challenged adults. Its primary mission is to provide vocational assessment, work adjustment training, and day activities aimed at enhancing employability and increasing independent functioning. The organization strives to develop essential work skills, ultimately leading to employment or improved daily living abilities. Private industries also contribute by providing contract work to the workshop, offering hands-on vocational training to the clients.
Who is the CEO of Rowan Vocational Opportunities Inc?
Sidney Honeycutt is the Treasurer of Rowan Vocational Opportunities Inc.
What is the revenue of Rowan Vocational Opportunities Inc?
Rowan Vocational Opportunities Inc's revenue in 2023 was $4,869,529.
Who are the executives of Rowan Vocational Opportunities Inc and what are their salaries?
The average compensation at Rowan Vocational Opportunities Inc during 2023 was $11,401. There are 219 employees at Rowan Vocational Opportunities Inc.
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Where can I find the form 990 for Rowan Vocational Opportunities Inc?
Rowan Vocational Opportunities Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Rowan Vocational Opportunities Inc
Rowan Vocational Opportunities Inc is an organization that is committed to providing vocational assessment, work adjustment training, and day activities to adults who are physically, mentally, or emotionally handicapped. Their mission is to develop work skills in these individuals, with the ultimate goal of leading them towards employment or improving their daily living skills to enhance independent functioning. By offering these services, Rowan Vocational Opportunities Inc aims to empower these adults and help them lead more independent lives.
To achieve this, the organization engages private industries to provide contract work to their workshop. This hands-on vocational training provides real-world experience, preparing the individuals for potential employment opportunities. This approach not only helps in skill development but also provides a sense of purpose and productivity, contributing positively to their overall well-being.
In essence, Rowan Vocational Opportunities Inc serves as a bridge between handicapped adults and the workforce, equipping them with the necessary skills to integrate into the job market and live more independently. By doing so, the organization is contributing to the broader society by promoting inclusivity and equality, ensuring that everyone has an opportunity to contribute and benefit from the community.
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Impact
July, 2024
Rowan Vocational Opportunities Inc's impact is significant in providing vocational assessment, work adjustment training, and day activity to physically, mentally, or emotionally handicapped adults. Through their programs, they help these individuals develop work skills that lead to employment opportunities and increase their daily living skills for more independent functioning. The organization also collaborates with private industries to provide hands-on vocational training through contract work, further enhancing their clients' skill sets. By focusing on empowering these individuals with the necessary tools and support, Rowan Vocational Opportunities Inc plays a crucial role in promoting employment opportunities and enhancing the quality of life for those they serve.
This information is meant to be a general summary of Rowan Vocational Opportunities 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: $115,063
- Program Service Revenue: $3,110,480
- Gross Receipts: $4,869,529
Assets and Liabilities:
- Total Assets: $8,518,843
- Total Liabilities: $513,134
- Net Assets: $8,005,709
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$3,110,480
Organization Details
Founding Year
1966
Principal Officer
Sidney Honeycutt
Main Address
2728 OLD CONCORD ROAD, SALISBURY, NC, 28146
NTEE Category
Code: J300 - Employment
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