Overview
What is Aspermont Small Business Development Center?
The Aspermont Small Business Development Center is a nonprofit organization situated in Aspermont, Texas. It serves the communities of Haskell, Jones, Kent, Knox, Stonewall, and Throckmorton. The primary focus of this organization is to offer rural public transportation, energy assistance, and other essential services to underprivileged individuals. In particular, their energy assistance program aids elderly, disabled, and low-income residents by covering utility bills during high usage periods and emergencies. They also support repair and energy efficiency improvements to their heating and cooling equipment.
What are the reviews and ratings of this charity?
Charity Navigator rating: 94%, Four-Star out of Four Star rating.
The Aspermont Small Business Development Center has achieved an impressive score of 94%, indicating strong performance in accountability and finance. This high rating reflects a commitment to transparency, with 100% of its board comprising independent members and robust policies in place for conflict of interest, whistleblowing, and document retention. The center's fiscal management is evidenced by a low liabilities-to-assets ratio of 1.35%, suggesting sound financial practices.
In terms of operational efficiency, the organization dedicates approximately 90.29% of its expenses directly to programs, showcasing its focus on delivering value to the community. The center's strong accountability measures, such as an active audit and oversight committee, further bolster its credibility and effectiveness.
However, while the financials are commendable, the summary does not provide insights into the specific programs or outcomes associated with the center's initiatives, which would be beneficial to potential donors or stakeholders seeking to understand its broader impact. Overall, the Aspermont Small Business Development Center stands out for its financial integrity and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Aspermont Small Business Development Center legitimate?
Aspermont Small Business Development Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aspermont Small Business Development Center 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: $71,128
Professional Fundraising Fees: $0
Other Salaries and Wages: $734,370
For more financial information, click here
What is the mission statement of Aspermont Small Business Development Center?
The Aspermont Small Business Development Center's mission is centered around serving the communities in six Texas counties. Its primary objective is to offer rural public transportation and energy assistance to its constituents. Additionally, the center extends other forms of aid to the local population, ensuring that they have access to essential resources. The energy assistance program, in particular, focuses on supporting elderly and disabled individuals, as well as low-income families. This program aims to help pay utility bills during peak usage and emergency times, and also aids in repairing and promoting energy efficiency for heating and cooling equipment.
Who is the CEO of Aspermont Small Business Development Center?
Lynn Dodson is the Director of Aspermont Small Business Development Center.
What is the revenue of Aspermont Small Business Development Center?
Aspermont Small Business Development Center's revenue in 2023 was $4,207,952.
Who are the executives of Aspermont Small Business Development Center and what are their salaries?
The average compensation at Aspermont Small Business Development Center during 2023 was $29,833. There are 27 employees at Aspermont Small Business Development Center.
Here are 22 key members and their salaries:
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Where can I find the form 990 for Aspermont Small Business Development Center?
Aspermont Small Business Development Center's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Aspermont Small Business Development Center
The Aspermont Small Business Development Center is dedicated to serving the communities in the Texas counties of Haskell, Jones, Kent, Knox, Stonewall, and Throckmorton. Its mission is multifaceted, encompassing the provision of rural public transportation, energy assistance, and various other forms of aid.
In particular, the center offers an extensive energy assistance program designed to support elderly, disabled individuals, and other low-income families. This program aims to alleviate financial stress during peak utility usage periods and emergencies by assisting with bill payments. Furthermore, the program promotes energy efficiency by providing necessary repairs and improvements to clients' heating and cooling equipment.
In essence, the Aspermont Small Business Development Center plays a crucial role in improving the lives of its constituents by addressing their essential needs, including transportation and energy requirements. By providing these vital services, the center contributes to the overall well-being and sustainability of the communities it serves.
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Impact
July, 2024
The impact of the Aspermont Small Business Development Center is significant in providing vital assistance to the rural communities in Texas. Through its comprehensive energy assistance program, the center helps elderly, disabled, and low-income individuals by offering support to pay utility bills during peak usage and emergency situations. Additionally, the center promotes energy efficiency by providing repairs and maintenance services for heating and cooling equipment. This assistance plays a crucial role in ensuring the well-being and comfort of individuals in the Texas counties of Haskell, Jones, Kent, Knox, Stonewall, and Throckmorton.
This information is meant to be a general summary of Aspermont Small Business Development Center. 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: -$32,983
- Program Service Revenue: $34,154
- Gross Receipts: $4,264,774
Assets and Liabilities:
- Total Assets: $2,232,140
- Total Liabilities: $30,306
- Net Assets: $2,201,834
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rural Transport Fee
Revenue
$29,825
Emergency Energy Crisis
Revenue
$4,329
Organization Details
Founding Year
1965
Principal Officer
Lynn Dodson
Main Address
9660 US Highway 83 S, Aspermont, TX, 795022220
NTEE Category
Code: P600 - Human services
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