Overview
What is Heartstrings Unlimited Inc?
Heartstrings Unlimited Inc, with its operational base in Bloomington, Minnesota, is a dedicated nonprofit organization that specializes in social services for young adults with mild developmental disabilities. The primary mission of Heartstrings Unlimited is to foster self-sufficiency and independence in these individuals, while supporting their individuality and inspiring lifelong skills. They achieve this through their Intensive Independent Living Skills (ISL) Transitional Program, which provides comprehensive training to 4-6 young adults annually, enabling them to live independently with minimal support for up to 18 months. The organization's team comprises 11 dedicated individuals, working diligently to create a safe environment that empowers these young adults to lead fulfilling, independent lives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Heartstrings Unlimited Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management. The overall score is based on a single beacon score, with a notable emphasis on its accountability and financial practices. The organization demonstrated strong governance with 100% independent board members, which contributes positively to its accountability score.
The charity’s financial practices are commendable, evidenced by a high program expense ratio of 89.04%, ensuring that the majority of funds are directed towards its programs. Additionally, the organization has no material diversion of assets and has established necessary policies, such as conflict of interest and whistleblower policies, to maintain integrity in operations. The liabilities to assets ratio is also healthy at 37.44%, further reflecting its sound financial health.
Despite its strengths, the rating is based solely on accountability and finance, leaving out other potential areas of evaluation such as program effectiveness or community impact. Overall, Heartstrings Unlimited Inc shows a strong commitment to governance and financial responsibility, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Heartstrings Unlimited Inc legitimate?
Heartstrings Unlimited Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Heartstrings Unlimited 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: $177,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $95,249
For more financial information, click here
What is the mission statement of Heartstrings Unlimited Inc?
Heartstrings Unlimited Inc's mission is centered around promoting self-sufficiency for young adults with mild developmental disabilities. They accomplish this by fostering independence, supporting individuality, and inspiring lifelong skills in a safe environment. One of their key initiatives is the Independent Living Skills (ILS) Transitional Program, where they provide intensive training for up to 18 months to prepare young adults to live independently with minimal support. Heartstrings Unlimited Inc serves a limited number of individuals annually, aiming to equip them with the necessary skills to lead fulfilling, independent lives.
Who is the CEO of Heartstrings Unlimited Inc?
Sara M Carson is the Principal Officer of Heartstrings Unlimited Inc.
What is the revenue of Heartstrings Unlimited Inc?
Heartstrings Unlimited Inc's revenue in 2022 was $675,084.
Who are the executives of Heartstrings Unlimited Inc and what are their salaries?
The average compensation at Heartstrings Unlimited Inc during 2022 was $24,804. There are 11 employees and 30 volunteers at Heartstrings Unlimited Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Heartstrings Unlimited Inc?
Heartstrings Unlimited Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Heartstrings Unlimited Inc
Heartstrings Unlimited Inc, a nonprofit organization, is dedicated to the promotion of self-sufficiency among Minnesota's young adults with mild developmental disabilities. They achieve this by fostering independence, supporting individuality, and inspiring lifelong skills in a safe environment. The mission of Heartstrings Unlimited Inc is to empower these young adults, enabling them to live independently with minimal support.
To accomplish this, Heartstrings Unlimited Inc offers an Intensive Independent Living Skills (ILS) Transitional Program, which lasts up to 18 months. This program aims to equip 4-6 young adults annually with the necessary skills to live independently. Through this program, Heartstrings Unlimited Inc provides intensive training, enabling these individuals to manage their daily lives independently, thereby reducing the need for extensive support.
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Impact
July, 2024
Heartstrings Unlimited Inc's impact can be seen in the positive changes it brings to the lives of young adults with mild developmental disabilities. By providing intensive Independent Living Skills (ILS) training for up to 18 months, the organization equips these individuals with the tools they need to live independently with as few supports as possible. This program serves 4-6 young adults annually, offering them the opportunity to build essential life skills and gain the confidence necessary to navigate the world with greater independence. Heartstrings Unlimited is committed to promoting self-sufficiency, supporting individuality, and inspiring lifelong skills in a safe environment, ultimately empowering these individuals to lead more fulfilling and autonomous lives.
This information is meant to be a general summary of Heartstrings Unlimited 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.
- Investment Income: $6
- Program Service Revenue: $659,953
- Gross Receipts: $675,084
Assets and Liabilities:
- Total Assets: $319,770
- Total Liabilities: $159,310
- Net Assets: $160,460
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ILS TRANSITIONAL PROGRAM
Revenue
$659,953
Organization Details
Founding Year
2007
Phone
(651) 260-0936Principal Officer
Sara M Carson
Main Address
3514 WEST 108TH STREET, BLOOMINGTON, MN, 55431
NTEE Category
Code: B90 - Education
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