Overview
What is Betsy Layne Senior Citizens Inc?
Betsy Layne Senior Citizens Inc, doing business as Floyd County Senior Citizens Inc, is a nonprofit organization situated in Prestonsburg, Kentucky. With a team of 17 dedicated individuals, their primary mission is to provide nutritious meals to senior citizens residing in Floyd County, serving them at four designated senior citizen centers. This service is carried out in accordance with the Older Americans Act, under the umbrella of the Big Sandy Area Development District's Area on Aging provider. The organization's goal is to enhance the well-being and nourishment of the senior community in their area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star Rating
Betsy Layne Senior Citizens Inc, operating as Floyd County Senior Citizens Inc, has received a Three-Star rating from Charity Navigator, reflecting an overall score of 80%. This score is derived entirely from their Accountability & Finance metrics, indicating a strong emphasis on responsible financial practices and transparency. The organization demonstrates a commitment to maintaining an independent board, which is fully composed of independent members, thereby enhancing its governance and operational integrity.
The organization has performed well in several key areas, including a robust program expense ratio of 73.34%, indicating that a significant portion of its funds is directed toward programmatic activities rather than administrative costs. Additionally, the organization has achieved a perfect score for its audit and oversight committee, further showcasing its dedication to financial accountability. The low liabilities to assets ratio of 3.88% reflects financial stability, suggesting that the organization is well-positioned to manage its obligations effectively.
While the organization has shown solid performance in accountability and finance, the overall score indicates room for improvement in other areas that may not have been evaluated in this particular rating. Nevertheless, the strong governance framework and effective use of funds are notable strengths that contribute positively to their mission of serving senior citizens in Floyd County.
This AI summary has been generated from information found on Charity Navigator.
Is Betsy Layne Senior Citizens Inc legitimate?
Betsy Layne Senior Citizens Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Betsy Layne Senior Citizens 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: $339,764
For more financial information, click here
What is the mission statement of Betsy Layne Senior Citizens Inc?
Betsy Layne Senior Citizens Inc, operating under the name Floyd County Senior Citizens Inc, serves as the provider of Title III services to senior citizens residing in the Big Sandy Area Development District, adhering to the Older Americans Act. Their primary mission is to cater to the needs of senior citizens within Floyd County, offering a range of services aimed at improving their quality of life. One of their key initiatives includes providing a nutritious meal service through four senior citizen centers across the county, under the Title III program. This meal service ensures that senior citizens in the area have access to healthy and nourishing meals, contributing to their overall well-being.
Who is the CEO of Betsy Layne Senior Citizens Inc?
Unavailable
What is the revenue of Betsy Layne Senior Citizens Inc?
Betsy Layne Senior Citizens Inc's revenue in 2023 was $742,313.
Who are the executives of Betsy Layne Senior Citizens Inc and what are their salaries?
The average compensation at Betsy Layne Senior Citizens Inc during 2023 was $19,986. There are 17 employees and 14 volunteers at Betsy Layne Senior Citizens Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Betsy Layne Senior Citizens Inc?
Betsy Layne Senior Citizens Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Betsy Layne Senior Citizens Inc
Betsy Layne Senior Citizens Inc, also known as Floyd County Senior Citizens Inc, is dedicated to serving the Big Sandy Area Development District's area on aging. As a provider of Title III services under the Older Americans Act, their mission is to cater to the needs of senior citizens residing in Floyd County. The organization's primary goal is to enhance the quality of life for older adults by offering a wide range of services.
One of the key initiatives undertaken by Betsy Layne Senior Citizens Inc is the provision of congregate meal services. Through this program, they serve nutritious meals to seniors at four senior citizen centers spread across Floyd County. This service not only ensures that seniors have access to proper nutrition but also provides an opportunity for social interaction, fostering a sense of community among the elderly population. By offering these services, Betsy Layne Senior Citizens Inc plays a significant role in promoting the well-being and independence of senior citizens in the community.
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Impact
July, 2024
Betsy Layne Senior Citizens Inc, doing business as Floyd County Senior Citizens Inc, has a significant impact on the Big Sandy Area Development District's area on aging by providing Title III services to senior citizens in Floyd County. Specifically, their congregate meal service ensures that nutritious meals are served to seniors at four senior citizen centers throughout the county. This direct assistance contributes to the well-being and quality of life of senior citizens in the community, fulfilling their mission to serve this vulnerable population under the Older Americans Act.
This information is meant to be a general summary of Betsy Layne Senior Citizens 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.
- Program Service Revenue: $22,031
- Gross Receipts: $742,313
Assets and Liabilities:
- Total Assets: $220,452
- Total Liabilities: $8,556
- Net Assets: $211,896
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BUILDING RENTS
Revenue
$8,568
MEALS
Revenue
$13,463
Organization Details
Main Address
148 SOUTH CENTRAL AVENUE, PRESTONSBURG, KY, 41653
NTEE Category
Code: P81Z - Human services
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