Overview
What is Linc Inc?
Linc Inc is a nonprofit organization situated in Wilmington, North Carolina. Its primary mission is to support individuals and families who have been impacted by incarceration. This includes providing shelter and essential services to men, women, and occasionally young adults who have been released from local jails, state, and federal prisons. Moreover, Linc Inc extends its assistance to children who are at risk due to parental incarceration. With a dedicated team of 15 employees, this organization strives to offer a safe and supportive environment to help these individuals transition back into society.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Linc Inc has received an 81% rating from Charity Navigator, which signifies a solid level of accountability and financial management. This score is derived entirely from their performance in the Accountability & Finance category, reflecting the organization's commitment to transparency and responsible financial practices. The charity has consistently demonstrated strong governance, with 100% of its board members being independent, ensuring unbiased decision-making.
The nonprofit excels in its financial oversight, as evidenced by a perfect score in the audit and oversight committee and a high program expense ratio of 86.39%. This indicates that a significant portion of its expenditures is directed towards its mission-driven programs, which is a positive sign for donors looking for effective use of their contributions. Additionally, the organization maintains thorough documentation of board meeting minutes, further reinforcing its accountability.
While Linc Inc shows commendable strengths in governance and financial management, there may still be areas for improvement, particularly in expanding its financial ratios to enhance its overall rating. Overall, the organization presents itself as a reliable option for donors seeking to support a nonprofit with a strong commitment to accountability and effective program implementation.
This AI summary has been generated from information found on Charity Navigator.
Is Linc Inc legitimate?
Linc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Linc 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: $0
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What is the mission statement of Linc Inc?
Linc Inc's mission is centered around providing assistance to individuals who have recently been released from local jails, state and federal prisons, as well as young adults from detention centers. Beyond this, the organization extends its services to children who are at risk due to parental incarceration. Linc Inc aims to offer shelter and essential services to these individuals, helping them navigate their transition back into society. The organization's activities are geared towards providing support and resources to empower these individuals to rebuild their lives.
What is the revenue of Linc Inc?
Linc Inc's revenue in 2023 was $4,026,997.
Who are the executives of Linc Inc and what are their salaries?
The average compensation at Linc Inc during 2023 was $77,924. There are 15 employees at Linc Inc.
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Linc Inc?
Linc Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Linc Inc
Linc Inc, as a nonprofit organization, is dedicated to providing shelter and services to a diverse group of individuals in need. This includes men, women, and occasionally young adults who have recently been released from local jails, state and federal prisons, and detention centers. Moreover, Linc Inc extends its services to children who are at risk due to parental incarceration. The organization's mission is to offer a supportive environment and necessary resources to help these individuals rebuild their lives and overcome the challenges they face. By providing shelter and essential services, Linc Inc aims to foster a sense of stability and hope for those who have been affected by the criminal justice system.
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Impact
July, 2024
Linc Inc's impact lies in providing critical shelter and services to individuals who have been released from local jails, state and federal prisons, as well as young adults from detention centers. Additionally, the organization offers support for children who are at risk due to parental incarceration. Through their work, Linc Inc plays a vital role in helping individuals reintegrate into society, find stability, and access the resources they need to rebuild their lives. By addressing the challenges faced by those affected by incarceration, Linc Inc makes a significant difference in improving the well-being of these individuals and their families in Wilmington, NC.
This information is meant to be a general summary of Linc 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: $6,322
- Program Service Revenue: $2,150,882
- Gross Receipts: $4,026,997
Assets and Liabilities:
- Total Assets: $2,792,757
- Total Liabilities: $1,755,972
- Net Assets: $1,036,785
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$2,150,882
Organization Details
Founding Year
1999
Principal Officer
Mike Maume
NTEE Category
Code: P20 - Human services
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