Overview
What is Randolph Sheppard Vendors Service Corporation?
Randolph Sheppard Vendors Service Corporation serves as a fiduciary for Randolph Sheppard Vendors of America Corporation, a nonprofit organization dedicated to championing legally blind individuals in society. The corporation incurs legal expenses and receives financial support in the form of rebates from soft drink and snack companies. These funds are utilized to cover these costs as well as administrative and training expenses, thereby assisting legally blind entrepreneurs in running their businesses effectively. Based in Marrero, Louisiana, the corporation's mission is to empower legally blind individuals by providing them with opportunities to thrive in the business world.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Stars
The Randolph Sheppard Vendors Service Corporation has received a low rating of 53%, resulting in a One-Star classification. This rating primarily reflects the organization’s performance in the Accountability & Finance category. A significant concern is the complete lack of independent board members, which raises questions about governance and oversight within the organization.
While the organization demonstrates strong performance in its program expense ratio, allocating approximately 95.58% of its expenses directly to its programs, it falls short in several key governance areas. Missing elements such as an independent board, conflict of interest policy, and whistleblower policy contribute to its low accountability score. Additionally, essential documents like the tax form are not readily accessible on its website, which is a red flag for transparency.
Despite these weaknesses, the organization reported no material diversion of assets and maintains a favorable liabilities to assets ratio, indicating financial stability. Overall, while Randolph Sheppard Vendors Service Corporation effectively utilizes its funds for its intended purposes, significant governance concerns must be addressed to improve its accountability and enhance public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Randolph Sheppard Vendors Service Corporation legitimate?
Randolph Sheppard Vendors Service Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Randolph Sheppard Vendors Service Corporation 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.
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What is the mission statement of Randolph Sheppard Vendors Service Corporation?
The Randolph Sheppard Vendors Service Corporation acts as a fiduciary for the Randolph Sheppard Vendors of America Corporation. Their primary role involves managing legal expenses and receiving rebates from soft drink and snack companies to cover these costs, as well as administrative and training expenses. The corporation's mission is centered around supporting legally blind business people in society by promoting their interests and providing necessary resources for their operations.
Who is the CEO of Randolph Sheppard Vendors Service Corporation?
Scott Eggen is the President of Randolph Sheppard Vendors Service Corporation.
What is the revenue of Randolph Sheppard Vendors Service Corporation?
Randolph Sheppard Vendors Service Corporation's revenue in 2022 was $0.
Who are the executives of Randolph Sheppard Vendors Service Corporation and what are their salaries?
Here are 13 key members and their salaries:
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Where can I find the form 990 for Randolph Sheppard Vendors Service Corporation?
Randolph Sheppard Vendors Service Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Randolph Sheppard Vendors Service Corporation
Randolph Sheppard Vendors Service Corporation serves as a fiduciary to Randolph Sheppard Vendors of America Corporation. The primary mission of this organization is to promote the integration of legally blind individuals into society as independent businesspeople. To achieve this goal, the corporation incurs legal expenses and receives financial assistance in the form of rebates from soft drink and snack companies. These rebates help cover the costs of legal expenses, administrative duties, and training for the legally blind vendors. By providing this support, Randolph Sheppard Vendors Service Corporation enables legally blind individuals to establish and maintain successful businesses, ultimately empowering them to become active participants in society.
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Impact
October, 2024
Randolph Sheppard Vendors Service Corporation plays a crucial role in advocating for and supporting legally blind business individuals in the community. By acting as a fiduciary for the Randolph Sheppard Vendors of America Corporation, it directly contributes to promoting opportunities for these vendors, thereby enhancing their presence and success in the marketplace.
The organization manages legal expenses and operational costs through financial support primarily derived from rebates received from soft drink and snack companies. This funding is essential for covering administrative and training expenses, which ensures that the vendors are equipped with necessary skills and resources to thrive in their businesses.
Through these efforts, Randolph Sheppard Vendors Service Corporation significantly impacts the economic empowerment of legally blind individuals, fostering inclusivity in the business sector and helping to break down barriers that may limit their professional opportunities. Its mission is pivotal in creating a supportive environment where blind entrepreneurs can participate actively and competitively in society.
This information is meant to be a general summary of Randolph Sheppard Vendors Service Corporation. 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 2022.
Assets and Liabilities:
- Total Assets: $200,218
- Total Liabilities: $0
- Net Assets: $200,218
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Organization Details
Founding Year
1980
Principal Officer
Scott Eggen
Main Address
940 PARC HELENE DRIVE, MARRERO, LA, 70072
NTEE Category
Code: E62 - Health
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