Overview
What is Mission 500 Inc?
Mission 500 Inc is a 501(c)3 nonprofit organization situated in South Portland, Maine. Their mission is centered around advocating for and serving underprivileged children and families in the United States. They work closely with the security industry, utilizing corporate sponsorships and donations to execute their initiatives. These initiatives include distributing school supplies in the form of book bags to students attending Title One schools, providing weekend meals to children who may not have access to food outside of school, and donating Hope Packs filled with school supplies and essential hygiene items to children displaced by natural disasters. Mission 500 Inc also inspires and mobilizes the security industry to engage in community service and corporate sustainability initiatives, acting as a catalyst for excellence in these areas.
Official website here: www.mission500.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
Mission 500 Inc has received a moderate rating, indicating a need for improvement in certain areas, particularly in financial transparency as evidenced by the absence of financial statements. However, the organization does exhibit strong governance, with 100% independent board members and a well-structured conflict of interest policy, which are positive indicators of accountability.
The organization's program expense ratio of 63.87% reflects a commitment to directing funds toward its mission, although it falls short of the ideal benchmarks. The low liabilities to assets ratio of 6.51% suggests financial stability. Despite the solid governance practices, the lack of financial statements can be a concern for potential donors seeking transparency and detailed financial insights into the organization's operations.
This AI summary has been generated from information found on Charity Navigator.
Is Mission 500 Inc legitimate?
Mission 500 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mission 500 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:
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Other Salaries and Wages: $18,877
For more financial information, click here
Official website here: www.mission500.org
What is the mission statement of Mission 500 Inc?
Mission 500 Inc, as a nonprofit organization, advocates for underprivileged children and families living in severe poverty within the United States. The organization serves as a catalyst in the security industry, inspiring companies and individuals to engage in community service and sustainable initiatives. Mission 500 mobilizes resources and volunteers to support this cause, carrying out initiatives such as distributing school supplies in Title One schools, providing weekend meals for children, and donating essential hygiene items and school supplies to children affected by natural disasters. The ultimate goal is to uplift and empower these underprivileged children and families.
Official website here: www.mission500.org
Who is the CEO of Mission 500 Inc?
Tracy Larson is the Director of Mission 500 Inc.
Official website here: www.mission500.org
What is the revenue of Mission 500 Inc?
Mission 500 Inc's revenue in 2022 was $1,089,070.
Official website here: www.mission500.org
Who are the executives of Mission 500 Inc and what are their salaries?
Here are 10 key members and their salaries:
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Official website here: www.mission500.org
Where can I find the form 990 for Mission 500 Inc?
Mission 500 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mission500.org
Learn more at the official website: www.mission500.org
Mission Statement of Mission 500 Inc
Mission 500 Inc is a dedicated nonprofit organization that strives to advocate for underprivileged children and families residing in severe poverty across the United States. The organization serves as a catalyst, inspiring companies and individuals within the security industry to contribute towards community service involvement and corporate sustainability initiatives. By mobilizing resources and volunteers, Mission 500 Inc aims to make a tangible impact in the lives of these children and families.
The nonprofit's primary mission involves championing the causes of underserved children and families. Through corporate sponsorships and donations, Mission 500 Inc initiates and manages various volunteer-driven programs. One such program involves distributing book bags filled with school supplies to students attending Title One schools. This initiative ensures that these children have the necessary tools for learning, thereby fostering their educational growth.
In addition to supplying school supplies, Mission 500 Inc also addresses the nutritional needs of children who may not be promised a meal outside of a school setting. The organization provides weekend meals to these children, ensuring they have adequate nutrition to sustain them throughout the week. Furthermore, the nonprofit also donates Hope Packs, which include school supplies and essential hygiene items, to children who have been displaced by natural disasters. By addressing both educational and basic needs, Mission 500 Inc seeks to empower these underprivileged children and families, providing them with the resources they need to build a brighter future.
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Impact
July, 2024
Mission 500 Inc advocates for underserved children and families in the United States. They inspire and act as a catalyst in the security industry, driving companies and individuals towards excellence in community service involvement and corporate sustainability initiatives. By mobilizing resources and volunteers, Mission 500 Inc helps children and families across the United States by providing school supplies, weekend meals, and essential items for children affected by natural disasters. Their impact is tangible in addressing the needs of vulnerable populations and creating a positive change in communities.
This information is meant to be a general summary of Mission 500 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: $18,700
- Gross Receipts: $1,089,070
Assets and Liabilities:
- Total Assets: $161,856
- Total Liabilities: $10,542
- Net Assets: $151,314
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COMPASSION KITS
Revenue
$18,700
Organization Details
Founding Year
2015
Phone
(207) 352-5335Principal Officer
Tracy Larson
Main Address
405 WESTERN AVE 202, SOUTH PORTLAND, ME, 04106
Website
www.mission500.orgNTEE Category
Code: P30 - Human services
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