Overview
What is The Laurels Inc?
The Laurels Inc. is a nonprofit organization that specializes in offering personal care services, functioning as a nursing home. Established with 50 beds, it expanded its capacity in 2002 by adding 32 more beds, bringing the total to 82 beds. The organization's primary mission is to provide supervision and offer three daily meals to its patients, ensuring their overall well-being. The Laurels Inc. continues to operate as a supportive living environment for its residents.
Is The Laurels Inc legitimate?
The Laurels Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Laurels 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $584,074
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What is the mission statement of The Laurels Inc?
The Laurels Inc, as an organization, primarily serves as a Personal Care Nursing Home. Its primary mission is to offer supervision and provide three daily meals to its residents. In 2002, the facility expanded its capacity by adding 32 additional beds, increasing its original capacity of 50 beds. The Laurels Inc's mission can be interpreted as ensuring the well-being of its patients by offering them a living environment that includes essential care services.
What is the revenue of The Laurels Inc?
The Laurels Inc's revenue in 2023 was $1,309,431.
Who are the executives of The Laurels Inc and what are their salaries?
The average compensation at The Laurels Inc during 2023 was $11,920. There are 49 employees at The Laurels Inc.
Here are 7 key members and their salaries:
- Compensation: $40,771
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Laurels Inc?
The Laurels Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Laurels Inc
The Laurels Inc, as a nonprofit organization, is dedicated to serving as a Personal Care Nursing Home. This mission involves offering supervision and providing three daily meals to its patients. In an endeavor to cater to an increased number of individuals in need, The Laurels expanded its capacity in 2002, adding an additional 32 beds to its original 50-bed personal care home, thereby broadening its capabilities to accommodate more individuals seeking care.
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Impact
July, 2024
The Laurels Inc, operating as a Personal Care Nursing Home in Harlan, KY, has had a significant impact on the community by providing essential care and support to its patients. The facility offers supervision and three daily meals to individuals in need, which is crucial for their well-being and quality of life. Moreover, the expansion of 32 additional beds in 2002 demonstrates the growing demand for their services and the organization's commitment to meet the needs of more individuals requiring personal care. Overall, The Laurels Inc plays a vital role in promoting health and wellness in the community through its dedicated services.
This information is meant to be a general summary of The Laurels 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 2023.
- Investment Income: $2
- Program Service Revenue: $1,304,894
- Gross Receipts: $1,309,431
Assets and Liabilities:
- Total Assets: $798,305
- Total Liabilities: $726,019
- Net Assets: $72,286
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT REVENUES
Revenue
$1,187,704
COUNTY GRANTSPAYMENTS
Revenue
$117,190
DONATIONS
Organization Details
Founding Year
1940
Principal Officer
Sharon Colton
NTEE Category
Code: E91 - Health
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