Overview
What is Inez Community Benefit Association?
Inez Community Benefit Association is a nonprofit organization situated in Inez, Texas. With a workforce of 11 individuals, their primary mission is to support individuals and families in the local community who require assistance. They accomplish this by operating and maintaining the Inez Community Center building and property, which is accessible for rental to the public for various social events, emergency services, business meetings, or other functions. Moreover, the organization offers scholarships to students from the Inez community college, contributing to their educational growth. The Inez Community Center serves as a focal point for community events and provides a supportive environment for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Inez Community Benefit Association has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 62%. This rating indicates some areas of concern, particularly in accountability and transparency measures. Notably, while the organization boasts a fully independent board and demonstrates no material diversion of assets, it lacks critical policies such as a conflict of interest policy and a whistleblower policy.
Strengths of the organization include a solid liabilities to assets ratio of 18.26% and a program expense ratio of 60.85%, indicating that a significant portion of their funds is allocated toward their programs. However, the nonprofit's failure to maintain essential documentation online, including their tax form and various policy outlines, raises questions about their commitment to transparency.
Overall, while the Inez Community Benefit Association shows strengths in governance and financial management, the absence of crucial policies and documentation online suggests that improvements are needed in their operational practices to enhance accountability and trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Inez Community Benefit Association legitimate?
Inez Community Benefit Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Inez Community Benefit Association 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: $11,464
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,268
For more financial information, click here
What is the mission statement of Inez Community Benefit Association?
The Inez Community Benefit Association is dedicated to offering aid to individuals and families in need within their community. Their mission encompasses two key aspects: providing essential support and maintaining the Inez Community Center building and property. Additionally, the organization offers scholarships to students from the local community college. By operating the community center, they cater to various events and emergencies, while their scholarship program empowers deserving students with educational opportunities.
Who is the CEO of Inez Community Benefit Association?
Larry Mikulec is the President of Inez Community Benefit Association.
What is the revenue of Inez Community Benefit Association?
Inez Community Benefit Association's revenue in 2022 was $161,574.
Who are the executives of Inez Community Benefit Association and what are their salaries?
The average compensation at Inez Community Benefit Association during 2022 was $1,339. There are 11 employees at Inez Community Benefit Association.
Here are 14 key members and their salaries:
- Compensation: $10,260
- Related: $0
- Other: $0
- Compensation: $1,204
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 Inez Community Benefit Association?
Inez Community Benefit Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Inez Community Benefit Association
The Inez Community Benefit Association, a not-for-profit entity, is committed to assisting individuals and families in need within their community. Their primary mission involves providing essential support, maintaining the Inez Community Center building and its property, and offering scholarships to local college students hailing from Inez. By operating and maintaining the community center, this organization makes it available for public use, catering to various social events and emergency services. Furthermore, the Inez Community Benefit Association plays a crucial role in offering aid to those who require it, thereby contributing to the betterment of their community.
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
October, 2024
The Inez Community Benefit Association plays a vital role in enhancing the quality of life for individuals and families in Inez, Texas. By offering support to those in need, the association addresses immediate challenges faced by community members, fostering resilience and stability.
Central to its impact is the operation and maintenance of the Inez Community Center. This facility serves as a hub for social events, emergency services, and business meetings, creating a space where community members can gather, connect, and collaborate. The availability of the center for public rental enhances its utility, making it a key resource for local events and functions.
In addition to supporting immediate needs, the association's commitment to education is evident through its scholarship program for Inez community college students. This initiative not only assists students financially but also promotes higher education and professional development within the community, contributing to long-term growth and opportunity.
Overall, the Inez Community Benefit Association strengthens the fabric of the Inez community by providing critical support services, maintaining essential community infrastructure, and fostering educational advancement.
This information is meant to be a general summary of Inez Community Benefit Association. 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: $51,745
- Gross Receipts: $182,811
Assets and Liabilities:
- Total Assets: $609,880
- Total Liabilities: $111,398
- Net Assets: $498,482
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.
Hall Rentals
Revenue
$46,161
Ticket Sales
Revenue
$837
Security Reimbursements
Revenue
$3,315
Miscellaneous
Revenue
$1,432
Organization Details
Founding Year
1950
Principal Officer
Larry Mikulec
Main Address
PO Box 372, Inez, TX, 77968
NTEE Category
Code: B82Z - Education
If you are a representative of Inez Community Benefit Association 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.