Overview
What is Life Exchange Center?
Life Exchange Center is a compassionate nonprofit organization situated in Cleveland, Ohio, with a staff of 24 dedicated individuals. Their primary mission is to offer a supportive and family-like environment for individuals battling mental health and substance use issues. They strive to facilitate recovery through social interaction, group experiences, and various services, many of which are developed, planned, and evaluated by the consumers themselves. This empowerment approach encourages informed choices and personal development. The Center also provides educational programs and life skills training, serving as a beacon of hope for those on their journey to recovery.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 94% (Four-Star out of Four Star rating)
Life Exchange Center has achieved an impressive Four-Star rating from Charity Navigator, reflecting its commitment to accountability and financial transparency. The organization's overall score is derived solely from its high accountability and finance rating of 94%. This score suggests that Life Exchange Center effectively manages its resources and adheres to best practices in governance.
The nonprofit demonstrates strong governance with a fully independent board, scoring 100% for the majority of independent board members, which enhances its credibility. Additionally, the center follows robust financial oversight practices, as evidenced by its audit and oversight committee score and the absence of material asset diversion. Its policies on conflicts of interest, whistleblowing, and document retention are also well-established.
Despite its commendable financial metrics, where 84.39% of its expenses are allocated to programs, there is no mention of its impact or effectiveness in achieving its mission. Prospective donors might want to seek additional information on the organization's specific programs and outcomes to ensure alignment with their philanthropic goals.
This AI summary has been generated from information found on Charity Navigator.
Is Life Exchange Center legitimate?
Life Exchange Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Life Exchange 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: $64,971
Professional Fundraising Fees: $0
Other Salaries and Wages: $181,794
For more financial information, click here
What is the mission statement of Life Exchange Center?
The Life Exchange Center's mission is to serve as a beacon of hope for individuals struggling with mental health and substance use issues. The center aims to support their recovery process by offering social interaction, educational programs, and life skills training in a welcoming, family-like environment. Unique to the center, its services are not only delivered but also planned, developed, and evaluated by the consumers themselves. This approach empowers individuals to make informed choices and develop self-empowerment throughout their recovery journey.
Who is the CEO of Life Exchange Center?
Richgina Jeff-Carter is the Executive Director of Life Exchange Center.
What is the revenue of Life Exchange Center?
Life Exchange Center's revenue in 2022 was $682,699.
Who are the executives of Life Exchange Center and what are their salaries?
The average compensation at Life Exchange Center during 2022 was $10,282. There are 24 employees and 8 volunteers at Life Exchange Center.
Here are 7 key members and their salaries:
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- Compensation: $64,971
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Where can I find the form 990 for Life Exchange Center?
Life Exchange Center's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Life Exchange Center
The Life Exchange Center, a refuge of hope for individuals grappling with mental health and substance use issues, is dedicated to aiding in their recovery. This center serves as a supportive family-like environment, fostering social interaction and group experiences to help individuals in recovery. The Life Exchange Center is uniquely designed to offer a diverse range of services, with a notable aspect being that many of these services are planned, developed, and evaluated by the consumers themselves. This approach empowers individuals in recovery to make informed decisions and develop self-reliance. The center's mission is to provide life skills training and educational programs, with a strong emphasis on social support, enabling individuals to rebuild their lives and embark on a path toward recovery.
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Impact
July, 2024
Life Exchange Center is a beacon of hope for individuals struggling with mental health and substance use issues in Cleveland, Ohio. By providing social support, educational programs, and life skills training, the center plays a vital role in the recovery process for its participants. Notably, the center promotes self-empowerment and informed decision-making by involving consumers in planning, development, and evaluation of its services. Through fostering social interaction and creating a supportive family-like environment, Life Exchange Center positively impacts the lives of those seeking to overcome mental health and substance use challenges.
This information is meant to be a general summary of Life Exchange 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 2022.
- Gross Receipts: $682,699
Assets and Liabilities:
- Total Assets: $1,183,857
- Total Liabilities: $427,886
- Net Assets: $755,971
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Organization Details
Founding Year
2011
Phone
(216) 752-1774Principal Officer
Richgina Jeff-Carter
Main Address
13407 Kinsman Road, Cleveland, OH, 44120
NTEE Category
Code: F32 - Mental health
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