Overview
What is Suwannee River Economic Council Inc?
Suwannee River Economic Council Inc is a nonprofit organization that dedicates its efforts to aiding disadvantaged communities. Located in unspecified details, this organization operates various programs aimed at providing assistance. These programs include State Housing Initiatives Partnership, Community Care for the Elderly, Community Services Block Grant, Farmers' Market, Weatherization, Emergency Home Energy Assistance, Low-Income Home Water Assistance, Home Care for the Elderly, and Alzheimer's Disease. The organization also offers a specific program tailored towards low-income households for home energy assistance. Their mission is to provide aid and support to those in need.
Official website here: www.srecinc.org
What are the reviews and ratings of this charity?
Suwannee River Economic Council Inc. receives a Four-Star out of Four Star rating from Charity Navigator, with a commendable score of 96%, emphasizing its strong accountability and financial health. This high score is primarily due to the organization's transparency and sound financial practices, as indicated by a perfect rating in accountability and finance metrics.
The council boasts impressive governance, with all board members (26 in total) being independent and key financial policies in place, such as whistleblower and conflict of interest policies. Its financial oversight is rigorous, leading to maximum points in areas such as financial statements and material diversion of assets.
The organization's program expense ratio stands at 87.73%, reflecting its efficient resource allocation towards mission-related activities. Additionally, key personnel salaries are reasonable, with transparency in leadership compensation. Overall, these elements highlight the Suwannee River Economic Council’s commitment to maintaining high ethical and performance standards.
This AI summary has been generated from information found on Charity Navigator.
Is Suwannee River Economic Council Inc legitimate?
Suwannee River Economic Council Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Suwannee River Economic Council 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: $278,868
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,602,318
For more financial information, click here
Official website here: www.srecinc.org
What is the mission statement of Suwannee River Economic Council Inc?
The Suwannee River Economic Council Inc is committed to providing assistance to disadvantaged individuals. They accomplish this mission through a variety of programs, such as State Housing Initiatives Partnership, Community Care for the Elderly, Community Services Block Grant, Farmers' Market, Weatherization, Emergency Home Energy Assistance, Low-Income Home Water Assistance, Home Care for the Elderly, and Alzheimer's Disease. Among these, they offer a specific program aimed at providing low-income home energy assistance.
Official website here: www.srecinc.org
Who is the CEO of Suwannee River Economic Council Inc?
Matthew Pearson is the President of Suwannee River Economic Council Inc.
Official website here: www.srecinc.org
What is the revenue of Suwannee River Economic Council Inc?
Suwannee River Economic Council Inc's revenue in 2022 was $11,688,250.
Official website here: www.srecinc.org
Who are the executives of Suwannee River Economic Council Inc and what are their salaries?
The average compensation at Suwannee River Economic Council Inc during 2022 was $24,417. There are 118 employees and 4 volunteers at Suwannee River Economic Council Inc.
Here are 29 key members and their salaries:
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- Compensation: $96,869
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- Compensation: $124,656
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- Other: $26,500
Official website here: www.srecinc.org
Where can I find the form 990 for Suwannee River Economic Council Inc?
Suwannee River Economic Council Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.srecinc.org
Learn more at the official website: www.srecinc.org
Mission Statement of Suwannee River Economic Council Inc
Suwannee River Economic Council, a nonprofit organization, is dedicated to providing assistance to the disadvantaged. To achieve this mission, they have established various programs aimed at addressing diverse needs. These programs include State Housing Initiatives Partnership, Community Care for the Elderly, Community Services Block Grant, Farmers' Market, Weatherization, Emergency Home Energy Assistance, Low-Income Home Water Assistance, Home Care for the Elderly, and Alzheimer's Disease. Among these, the Low-Income Home Energy Assistance program is particularly noteworthy, offering assistance to families struggling with energy expenses. Through these initiatives, Suwannee River Economic Council aims to positively impact the lives of those in need.
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Impact
July, 2024
Suwannee River Economic Council Inc's impact is evident in its dedication to providing essential assistance to the disadvantaged in Live Oak, Florida. Through various programs such as the State Housing Initiatives Partnership, Community Care for the Elderly, Community Services Block Grant, Farmers' Market, and Weatherization, they have significantly improved the lives of individuals facing economic hardship. Additionally, their initiatives like Emergency Home Energy Assistance, Low-Income Home Water Assistance, Home Care for the Elderly, and Alzheimer's Disease support those in need with vital resources and services. By focusing on community improvement and addressing the specific needs of vulnerable populations, Suwannee River Economic Council Inc plays a crucial role in enhancing the well-being of individuals and families in its area.
This information is meant to be a general summary of Suwannee River Economic Council 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 2022.
- Investment Income: $21,756
- Program Service Revenue: $917,258
- Gross Receipts: $11,688,250
Assets and Liabilities:
- Total Assets: $11,474,527
- Total Liabilities: $1,144,017
- Net Assets: $10,330,510
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SHIP
Revenue
$917,258
Organization Details
Founding Year
1977
Phone
(386) 362-4115Principal Officer
Matthew Pearson
Main Address
PO BOX 70, LIVE OAK, FL, 320640070
Website
www.srecinc.orgNTEE Category
Code: S30 - Community improvement
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