Overview
What is Rucon Inc?
Rucon Inc, situated in Huntsville, Texas, is a nonprofit organization renowned for its dedication to supporting individuals with developmental disabilities. With a significant annual revenue of $7,310,714, Rucon provides essential facilities and services for this community. Their primary mission revolves around creating job opportunities for handicapped and disabled individuals through partnerships with the State of Texas. These set-aside projects offer meaningful employment and contribute to their overall integration into society.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: One-Star out of Four Stars (56%)
Rucon Inc holds a One-Star rating from Charity Navigator, reflecting significant concerns regarding its accountability and financial management. The organization has a low percentage of independent board members and has not provided essential financial statements, which raises questions about transparency and governance practices. Additionally, the absence of key policies such as conflict of interest and whistleblower protections further detracts from its credibility.
Despite these challenges, Rucon Inc does demonstrate a strong program expense ratio of 100%, indicating that all reported expenses are allocated towards its programs. This suggests a commitment to using its resources directly for its intended mission, although the lack of financial documentation leaves potential donors and stakeholders with limited insight into its operations.
Overall, Rucon Inc appears to have solid program expenditure but falls short in areas of governance and accountability. The significant deficiencies in its reporting and policies could pose risks to its sustainability and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Rucon Inc legitimate?
Rucon Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rucon 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: $775,234
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,221,926
For more financial information, click here
What is the mission statement of Rucon Inc?
Rucon Inc's mission is centered around creating employment opportunities for individuals with handicaps and disabilities. They achieve this by participating in set-aside projects in collaboration with the state of Texas. The organization's primary objective is to provide gainful employment, thereby contributing positively to the lives of these individuals. In addition to employment, Rucon also offers developmental centers and services to support individuals with developmental disabilities. Their efforts aim to promote inclusion and equality in the workforce.
Who is the CEO of Rucon Inc?
Jerry Nunez is the President of Rucon Inc.
What is the revenue of Rucon Inc?
Rucon Inc's revenue in 2022 was $6,724,415.
Who are the executives of Rucon Inc and what are their salaries?
The average compensation at Rucon Inc during 2022 was $17,840. There are 168 employees at Rucon Inc.
Here are 3 key members and their salaries:
- Compensation: $223,200
- Related: $0
- Other: $141,459
- Compensation: $180,000
- Related: $0
- Other: $0
- Compensation: $372,034
- Related: $0
- Other: $0
Where can I find the form 990 for Rucon Inc?
Rucon Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rucon Inc
Rucon Inc, a notable organization, is dedicated to providing employment opportunities for individuals who are handicapped or disabled. They accomplish this mission by securing set-aside projects with the state of Texas. By taking on these projects, Rucon creates a platform for individuals with disabilities to gain valuable work experience and contribute to society. This mission is a testament to Rucon's commitment to inclusivity and equality, recognizing the potential and worth of every individual, regardless of their abilities.
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Impact
July, 2024
Rucon Inc has a significant impact by providing jobs to handicapped and disabled individuals through set-aside projects with the State of Texas. By developing and providing centers and services for individuals with developmental disabilities, Rucon not only contributes to the economic empowerment of these individuals but also promotes their integration into the workforce. With a total revenue of $7,310,714 last year, Rucon plays a crucial role in improving the lives and livelihoods of disabled individuals in Huntsville, TX and beyond.
This information is meant to be a general summary of Rucon 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: $6,724,415
- Gross Receipts: $6,724,415
Assets and Liabilities:
- Total Assets: $285,111
- Total Liabilities: $50,000
- Net Assets: $235,111
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TEXAS STATE USE PROGRAM
Revenue
$6,724,415
Organization Details
Founding Year
2000
Phone
(936) 577-2655Principal Officer
Jerry Nunez
Main Address
193 I-45 SOUTH STE D 577, HUNTSVILLE, TX, 77340
NTEE Category
Code: P80 - Human services
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