Overview
What is Foundation For Independence Through Employment?
The Foundation For Independence Through Employment, based in Lexington, South Carolina (PO Box 1544), is a dedicated nonprofit organization. Its primary mission is to empower individuals with disabilities, offering comprehensive job training and placement services. This encompasses providing financial assistance to acquire necessary assistive technology, ultimately leading to employment and a more independent lifestyle. The foundation's mission extends to serving individuals with disabilities in the areas of employment and independent living, aiming to enhance their overall quality of life. With a modest team of one employee, the foundation is committed to making a significant impact in the lives of those it serves.
Official website here: www.scatloans.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36%, Zero-Star out of Four Star rating. This low score reflects significant concerns regarding the charity's accountability and financial practices. The rating suggests a lack of comprehensive policies that are typically expected for responsible nonprofit governance, which has ultimately impacted the organization's overall score.
Despite having an independent board with a full complement of members and no material diversion of assets, the absence of crucial policies such as a conflict of interest policy, whistleblower policy, and document retention procedures has led to a poor evaluation in the accountability category. While the organization does score well on certain transparency aspects, the missing policies raise red flags for potential governance issues.
Additionally, the program expense ratio is notably low, indicating that a smaller percentage of funds are directed towards actual programs compared to operational costs. This can affect the charity's ability to fulfill its mission effectively. Overall, the Foundation For Independence Through Employment would benefit from strengthening its governance frameworks and increasing its program expenditures to improve its standing in the nonprofit community.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Independence Through Employment legitimate?
Foundation For Independence Through Employment is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Independence Through Employment 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: $58,310
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.scatloans.org
What is the mission statement of Foundation For Independence Through Employment?
The Foundation For Independence Through Employment is committed to serving individuals with disabilities, with a focus on employment and independent living. Their mission is to offer job training and placement opportunities, as well as financial assistance for the acquisition of assistive technology. This aim is to facilitate employment and promote a more independent lifestyle for these individuals.
Official website here: www.scatloans.org
Who is the CEO of Foundation For Independence Through Employment?
Richard Elam is the Director of Foundation For Independence Through Employment.
Official website here: www.scatloans.org
What is the revenue of Foundation For Independence Through Employment?
Foundation For Independence Through Employment's revenue in 2021 was $54,557.
Official website here: www.scatloans.org
Who are the executives of Foundation For Independence Through Employment and what are their salaries?
The average compensation at Foundation For Independence Through Employment during 2021 was $58,310. There is 1 employee at Foundation For Independence Through Employment.
Here are 4 key members and their salaries:
- Compensation: $58,310
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.scatloans.org
Where can I find the form 990 for Foundation For Independence Through Employment?
Foundation For Independence Through Employment's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.scatloans.org
Learn more at the official website: www.scatloans.org
Mission Statement of Foundation For Independence Through Employment
The Foundation for Independence Through Employment, abbreviated as FITE, is dedicated to serving individuals with disabilities. Its mission lies in two key areas: employment and independent living. This nonprofit organization strives to provide necessary services in these domains, aiming to empower people with disabilities and help them lead more independent lives.
Specifically, FITE offers job training and placement programs. These services are designed to equip individuals with the necessary skills and resources to secure employment. In addition, FITE provides financial assistance to procure assistive technology. This technology can significantly enhance their ability to work and live independently. By offering these services, FITE is contributing to the overall well-being and empowerment of individuals with disabilities.
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Impact
August, 2024
Foundation For Independence Through Employment's impact can be seen in the tangible difference it makes in the lives of individuals with disabilities. By providing job training, placement services, and financial assistance for assistive technology, the organization enables individuals to secure employment and lead more independent lives. This not only empowers individuals with disabilities but also contributes to creating a more inclusive society where everyone has the opportunity to thrive in the workforce.
This information is meant to be a general summary of Foundation For Independence Through Employment. 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.
- Investment Income: $24,839
- Program Service Revenue: $29,718
- Gross Receipts: $54,557
Assets and Liabilities:
- Total Assets: $1,984,358
- Total Liabilities: $0
- Net Assets: $1,984,358
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACILITY CONTRACT
Revenue
$29,718
Organization Details
Founding Year
1995
Phone
(803) 726-7143Principal Officer
Richard Elam
Main Address
PO BOX 1544, LEXINGTON, SC, 29071
Website
www.scatloans.orgNTEE Category
Code: B82 - Education
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