Overview
What is South Florida Institute On Aging Inc?
The South Florida Institute On Aging Inc, situated in Fort Lauderdale, Florida, is a distinguished nonprofit organization. Its primary focus lies in operating the Foster Grandparent Program, where individuals aged 55 and above offer one-on-one tutoring and mentoring to children with exceptional or special needs, ranging from infancy to 21 years old. This initiative aims to boost their literacy, social and emotional development, and overall academic engagement. Moreover, the organization strives to enhance economic and social insights and services to empower individuals as they age. With a dedicated staff of 53 employees, South Florida Institute On Aging Inc plays a significant role in the community.
Official website here: www.thesofia.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
The South Florida Institute On Aging Inc has achieved an impressive rating of 87%, reflecting a strong performance in accountability and finance, with a score of 83%. The organization demonstrates significant strengths in governance, as evidenced by its fully independent board and robust financial oversight practices. It excels particularly in areas such as program expense ratio and equity strategies, indicating effective resource allocation towards its mission.
However, some limitations have been noted, particularly in terms of governance policies. While the charity scores well in many aspects, it is missing a whistleblower policy and a document retention and destruction policy, which could impact its overall governance framework. Addressing these gaps could enhance its transparency and accountability further.
Overall, the South Florida Institute On Aging Inc appears to be a well-managed organization committed to serving its community effectively, with a strong emphasis on feedback collection and usage. Improving its governance policies could help solidify its reputation and further enhance its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is South Florida Institute On Aging Inc legitimate?
South Florida Institute On Aging Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Florida Institute On Aging 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: $27,308
Professional Fundraising Fees: $0
Other Salaries and Wages: $753,504
For more financial information, click here
Official website here: www.thesofia.org
What is the mission statement of South Florida Institute On Aging Inc?
The South Florida Institute On Aging Inc's mission is centered around enhancing economic and social insights and services to empower individuals as they age. In line with this mission, the institution operates the Foster Grandparent Program, which engages older adults aged 55 and above in providing one-on-one tutoring and mentoring to children with exceptional or special needs, from infancy to 21 years of age. This program aims to enhance the children's literacy, social and emotional development, and overall academic engagement.
Official website here: www.thesofia.org
Who is the CEO of South Florida Institute On Aging Inc?
Cresha Reid is the Chair of South Florida Institute On Aging Inc. The CEO's salary of South Florida Institute On Aging Inc is $72,164 and their total compensation is $81,716.
Official website here: www.thesofia.org
What is the revenue of South Florida Institute On Aging Inc?
South Florida Institute On Aging Inc's revenue in 2022 was $2,249,216.
Official website here: www.thesofia.org
Who are the executives of South Florida Institute On Aging Inc and what are their salaries?
The average compensation at South Florida Institute On Aging Inc during 2022 was $14,732. There are 53 employees at South Florida Institute On Aging Inc.
Here are 12 key members and their salaries (South Florida Institute On Aging Inc's CEO's salary is $72,164 and their total compensation is $81,716):
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- Compensation: $106,716
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- Other: $6,910
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- Compensation: $72,164
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- Other: $9,552
- Compensation: $30,855
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- Other: $1,500
Official website here: www.thesofia.org
Where can I find the form 990 for South Florida Institute On Aging Inc?
South Florida Institute On Aging Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thesofia.org
Learn more at the official website: www.thesofia.org
Mission Statement of South Florida Institute On Aging Inc
South Florida Institute On Aging Inc, in its mission, aims to enhance economic and social insights and services to empower individuals as they age. In pursuit of this objective, the organization takes a proactive approach, focusing on providing resources that empower people to navigate the challenges of aging. One of their key initiatives is the Foster Grandparent Program, which pairs older adults, aged 55 and above, with children from infancy to 21 years with special needs. Through one-on-one tutoring and mentoring, this program aims to boost the literacy, social and emotional development, and overall academic engagement of these children. This initiative not only benefits the children but also provides a sense of purpose and fulfillment for the older adults involved. By fostering intergenerational connections, South Florida Institute On Aging Inc seeks to create a more inclusive and supportive community where everyone can thrive as they age.
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Impact
July, 2024
South Florida Institute On Aging Inc, also known as SOFIA, significantly impacts the lives of older adults and youth in Fort Lauderdale, Florida. Through their Foster Grandparent Program, individuals aged 55 and better provide one-on-one tutoring and mentoring to youth with exceptional or special needs from infancy to 21 years old. This program aims to enhance the literacy, social and emotional development, and overall academic engagement of these youth, empowering them to succeed in various aspects of their lives. SOFIA's work not only benefits the individuals involved but also contributes to the community by fostering intergenerational connections and improving the well-being of both older adults and youth.
This information is meant to be a general summary of South Florida Institute On Aging 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.
- Gross Receipts: $2,249,216
Assets and Liabilities:
- Total Assets: $782,969
- Total Liabilities: $530,016
- Net Assets: $252,953
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Organization Details
Founding Year
1970
Phone
(954) 484-7117Principal Officer
Cresha Reid
Main Address
1005 W STATE ROAD 84 435, FORT LAUDERDALE, FL, 33315
Website
www.thesofia.orgNTEE Category
Code: O32Z - Youth development
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