Overview
What is The Center For Special Needs Trust Administration Inc?
The Center for Special Needs Trust Administration Inc., located in Clearwater, Florida, is a nonprofit organization dedicated to providing specialized administrative services for impoverished individuals with disabilities who have special needs trusts. With a mission to enhance their quality of life, the center accepts and manages such trusts, relieving government agencies of daily administration responsibilities. The organization, currently administering 2,293 trusts, adheres to strict guidelines under Medicaid law and invests trust assets in the best interest of the beneficiaries, while disbursing funds according to Medicaid programs and rules. The Center for Special Needs Trust Administration Inc. alleviates the burden of trust administration, ensuring compliance with requirements and upholding the well-being of those it serves.
Official website here: www.centertrust.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Center For Special Needs Trust Administration Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its overall financial accountability and governance practices. With a score of 66%, the organization demonstrates a solid program expense ratio of 85.70%, which suggests that a significant portion of its funds is directed towards its intended programs. However, the lack of independent board members and missing financial statements raises concerns about its governance and transparency.
The organization has implemented several positive policies, including conflict of interest and whistleblower policies, which are listed and satisfy accountability criteria. Additionally, it has maintained good ratios regarding liabilities to assets, indicating financial stability. Nevertheless, the absence of independent board members and the failure to post financial documents on its website detract from its credibility and suggest a need for enhanced oversight.
Overall, while The Center For Special Needs Trust Administration Inc appears to effectively allocate funds towards its programs, it needs to address governance issues and improve its financial transparency to better serve its mission and build trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is The Center For Special Needs Trust Administration Inc legitimate?
The Center For Special Needs Trust Administration Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Center For Special Needs Trust Administration 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: $466,297
Professional Fundraising Fees: $0
Other Salaries and Wages: $664,909
For more financial information, click here
Official website here: www.centertrust.org
What is the mission statement of The Center For Special Needs Trust Administration Inc?
The Center for Special Needs Trust Administration Inc. is committed to offering specialized administrative services for impoverished individuals with disabilities who have special needs trusts. The objective is to enhance their quality of life by managing these trusts effectively. The organization relieves government agencies of the day-to-day administration of these trusts, ensuring compliance with strict Medicaid laws and investing trust assets in the best interest of the beneficiaries. Funds are disbursed according to Medicaid programs and rules, which can vary significantly from program to program and state to state. In 2021, the Center accepted 163 new trusts, bringing the total number of trusts under its administration to 2,293.
Official website here: www.centertrust.org
Who is the CEO of The Center For Special Needs Trust Administration Inc?
Michelle Diebert is the President of The Center For Special Needs Trust Administration Inc.
Official website here: www.centertrust.org
What is the revenue of The Center For Special Needs Trust Administration Inc?
The Center For Special Needs Trust Administration Inc's revenue in 2021 was $5,035,526.
Official website here: www.centertrust.org
Who are the executives of The Center For Special Needs Trust Administration Inc and what are their salaries?
The average compensation at The Center For Special Needs Trust Administration Inc during 2021 was $29,769. There are 38 employees at The Center For Special Needs Trust Administration Inc.
Here are 4 key members and their salaries:
- Compensation: $140,090
- Related: $0
- Other: $5,494
- Compensation: $138,163
- Related: $0
- Other: $13,260
- Compensation: $75,728
- Related: $0
- Other: $11,037
- Compensation: $75,124
- Related: $0
- Other: $7,401
Official website here: www.centertrust.org
Where can I find the form 990 for The Center For Special Needs Trust Administration Inc?
The Center For Special Needs Trust Administration Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.centertrust.org
Learn more at the official website: www.centertrust.org
Mission Statement of The Center For Special Needs Trust Administration Inc
The Center for Special Needs Trust Administration, Inc., dedicates its mission to offering specialized administrative services for impoverished individuals with disabilities who possess special needs trusts. The objective of these trusts is to enhance the beneficiaries' quality of life. The organization assumes the responsibility of managing the day-to-day administration of these trusts, relieving government agencies from their oversight, thus ensuring compliance with Medicare law and the investment of assets in the best interests of the beneficiaries. The Center disburses funds in accordance with Medicare programs and rules, which can vary significantly from one program to another and from state to state. For the year 2021, The Center accepted 163 new trusts and currently manages 2,293 trusts under its administration.
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Impact
July, 2024
The Center For Special Needs Trust Administration Inc's impact is significant in improving the quality of life for impoverished people with disabilities who have special needs trusts. By providing specialized administrative services, the Center ensures that these individuals receive the necessary support and resources to enhance their well-being. In 2021 alone, the Center accepted 163 new trusts, bringing the total number of trusts under its administration to 2,293. Through its dedicated efforts, the Center plays a critical role in assisting individuals with disabilities in managing their trusts in accordance with the strict guidelines under Medicaid law and facilitating the disbursement of funds in alignment with Medicaid programs and rules.
This information is meant to be a general summary of The Center For Special Needs Trust Administration 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 2021.
- Investment Income: $10,397
- Program Service Revenue: $3,962,657
- Gross Receipts: $5,035,526
Assets and Liabilities:
- Total Assets: $5,151,201
- Total Liabilities: $201,868
- Net Assets: $4,949,333
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRUST ADMINISTRATION
Revenue
$3,962,657
Organization Details
Founding Year
2000
Phone
(727) 894-4489Principal Officer
Michelle Diebert
Main Address
4912 CREEKSIDE DRIVE, CLEARWATER, FL, 337604019
Website
www.centertrust.orgNTEE Category
Code: P020 - Human services
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