Overview
What is Rsvl Inc?
Rsvl Inc, based in Marrero, Louisiana, is a nonprofit organization dedicated to assisting visually impaired and handicapped vendors in their business operations, particularly vending stands and machines. The organization engages in various community-focused activities, such as hosting an annual Christmas party for children and contributing to other tax-exempt organizations. Members contribute through dues and participate in weekly bingo games, with net proceeds used to support the organization and its members' business training. Additionally, Rsvl Inc collects rebates from certain vendors and distributes them among its members. The organization also holds an annual convention to provide valuable information to its members, aiding them in managing their businesses effectively.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52% (One-Star out of Four Star rating)
Rsvl Inc has received a low rating of 52%, which reflects significant concerns regarding its accountability and financial practices. The rating is entirely based on a single beacon score, with a strong emphasis on accountability and finance, where the organization has notably performed poorly in several key areas.
One major area of concern is the lack of independent board members, with zero out of eight board members being independent, which raises questions about oversight and governance. Moreover, essential financial documents, such as financial statements, are missing, indicating a lack of transparency. Additionally, the organization does not have crucial policies in place, such as conflict of interest and whistleblower policies, which are vital for trustworthy operations.
On a positive note, Rsvl Inc has demonstrated a strong program expense ratio of 90.79%, indicating that a significant portion of its resources is allocated towards its programs rather than administrative costs. Additionally, it has a solid liabilities to assets ratio of 0.00%, suggesting a stable financial structure. However, without improvements in governance and transparency, the nonprofit may continue to face challenges in gaining trust and support from donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Rsvl Inc legitimate?
Rsvl Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rsvl 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: $0
For more financial information, click here
What is the mission statement of Rsvl Inc?
Rsvl Inc, an organization primarily focused on assisting visually impaired vendors, aims to support these entrepreneurs in managing their businesses, specifically through vending stands and vending machines. Beyond business operations, the organization engages in public-spirited activities, such as community involvement and contributing to tax-exempt organizations. They also host annual events, like a Christmas party for children, and offer support to various charitable organizations. Members of Rsvl Inc pay dues and participate in weekly bingo games, with net proceeds used to aid the organization's efforts. The organization owns the bingo hall and collects rebates from certain vendors, which are then distributed among the members to assist them in their business operations.
Who is the CEO of Rsvl Inc?
Herbert Reado is the President of Rsvl Inc.
What is the revenue of Rsvl Inc?
Rsvl Inc's revenue in 2022 was $529,420.
Who are the executives of Rsvl Inc and what are their salaries?
There are 28 employees at Rsvl Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Rsvl Inc?
Rsvl Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rsvl Inc
Rsvl Inc, a nonprofit organization, is dedicated to assisting visually impaired vendors in managing their business operations, specifically vending stands and vending machines. In addition to this primary mission, the organization also engages in public-spirited activities and contributes to tax-exempt organizations. Rsvl Inc's initiatives extend beyond business assistance, as they host an annual Christmas party for children and participate in various charitable endeavors. The members of Rsvl Inc contribute financially through dues and participate in weekly bingo games, with the net proceeds benefiting the organization to aid its members in business training. The organization also collects rebates from certain vendors and distributes these funds among its members. An annual convention is held to provide valuable information to the members, helping them manage their businesses effectively.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Rsvl Inc's impact lies in empowering visually impaired vendors and individuals with disabilities to successfully operate businesses involving vending stands and machines. The organization not only provides practical support but also engages in community activities and contributes to other tax-exempt organizations. By offering ongoing training, organizing events like weekly bingo games, and facilitating valuable information sharing through annual conventions, Rsvl Inc plays a crucial role in supporting its members to manage their businesses effectively. This assistance not only creates employment opportunities but also fosters a sense of community involvement and social responsibility among its members.
This information is meant to be a general summary of Rsvl 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.
- Program Service Revenue: $30,981
- Gross Receipts: $1,401,855
Assets and Liabilities:
- Total Assets: $453,494
- Total Liabilities: $0
- Net Assets: $453,494
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AZALEA HALL CLEANING FE
Revenue
$30,981
Organization Details
Founding Year
1969
Principal Officer
Herbert Reado
Main Address
940 PARC HELENE DRIVE, MARRERO, LA, 70072
NTEE Category
Code: J300 - Employment
If you are a representative of Rsvl Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.