Overview
What is Newhope Specialized Industries Inc?
Newhope Specialized Industries Inc, situated in Searcy, Arkansas, is a nonprofit organization committed to empowering adults with developmental disabilities. Their primary focus is on offering Adult Development Day Treatment Center Services, tailoring strategies to meet each individual's unique needs. This approach aims to ensure that these adults have full access to community life. Furthermore, the organization provides habilitative job training programs, enabling these adults to acquire skills necessary for employment. By offering these services, Newhope Specialized Industries Inc strives to enhance the lives and overall independence of individuals with developmental disabilities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Newhope Specialized Industries Inc has received an 82% rating, indicating a solid overall performance primarily based on its Accountability & Finance metrics. This score reflects the organization's strong focus on governance and financial health, which is essential for maintaining donor trust and operational efficiency.
The organization exhibits notable strengths, such as having a fully independent board with eight out of eight members, and a well-structured audit and oversight committee, earning full points in these areas. Additionally, it maintains a low liabilities-to-assets ratio of 0.47%, demonstrating sound financial management. With a program expense ratio of 86.81%, Newhope ensures that a significant portion of its resources is allocated directly to its programs.
However, while the ratings are strong, they are based solely on the Accountability & Finance score, with no additional beacons to assess other aspects like impact or program effectiveness. This limitation suggests that while financial practices are commendable, further evaluation of overall program outcomes is necessary for a comprehensive understanding of the organization’s effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Newhope Specialized Industries Inc legitimate?
Newhope Specialized Industries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newhope Specialized Industries 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: $550,652
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What is the mission statement of Newhope Specialized Industries Inc?
Newhope Specialized Industries Inc. is committed to providing Adult Development Day Treatment Center services. Their mission focuses on developing and implementing individualized strategies for adults with developmental disabilities, aiming to grant them complete access to community life. Additionally, the organization offers habilitative job training programs to help these individuals build skills and become more independent. In essence, Newhope Specialized Industries Inc. strives to enhance the lives of adults with developmental disabilities, enabling them to participate more fully in their communities.
Who is the CEO of Newhope Specialized Industries Inc?
Linda Pratt is the President of Newhope Specialized Industries Inc.
What is the revenue of Newhope Specialized Industries Inc?
Newhope Specialized Industries Inc's revenue in 2023 was $832,035.
Who are the executives of Newhope Specialized Industries Inc and what are their salaries?
The average compensation at Newhope Specialized Industries Inc during 2023 was $61,184. There are 9 employees at Newhope Specialized Industries Inc.
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- Compensation: $71,655
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Where can I find the form 990 for Newhope Specialized Industries Inc?
Newhope Specialized Industries Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Newhope Specialized Industries Inc
Newhope Specialized Industries is committed to providing Adult Development Day Treatment Center Services. Their mission is centered around the development and implementation of individualized strategies that empower adults with developmental disabilities, enabling them to fully access community life. Beyond this, the organization offers habilitative job training programs, offering a comprehensive approach to helping these individuals integrate into society and lead fulfilling lives. By focusing on the unique needs and abilities of each individual, Newhope Specialized Industries aims to equip adults with developmental disabilities with the tools and skills necessary to fully participate in their communities.
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Impact
July, 2024
Newhope Specialized Industries Inc's impact is significant in providing adult development day treatment center services that focus on enabling adults with developmental disabilities to have total access to community life. They emphasize the development and implementation of individualized strategies to support these individuals in gaining skills, independence, and inclusion in the community. Additionally, they offer habilitative job training programs to further empower and prepare these adults for meaningful employment opportunities. This organization's work in Searcy, AR, plays a crucial role in improving the quality of life for individuals with developmental disabilities and promoting their integration into society.
This information is meant to be a general summary of Newhope Specialized Industries 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: $14,709
- Program Service Revenue: $754,926
- Gross Receipts: $832,239
Assets and Liabilities:
- Total Assets: $2,336,990
- Total Liabilities: $11,203
- Net Assets: $2,325,787
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROG. SERV. REV. - REL
Revenue
$754,926
Organization Details
Founding Year
1970
Phone
(501) 268-5448Principal Officer
Linda Pratt
Main Address
1223 LINDEN STREET, SEARCY, AR, 72143
NTEE Category
Code: J30 - Employment
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