Overview
What is Kingsway Services Inc?
Kingsway Services Inc is a nonprofit organization based in Moorestown, New Jersey, specifically located at 244 Route 38 West, 08057. Their primary mission is to support Kingsway Learning Center, a private school for students with disabilities aged 3-21. This support encompasses various administrative duties such as accounting, human resources, external relations, fundraising, and more. Essentially, they act as a backing organization for Kingsway Learning Center, providing essential services to ensure the smooth running of the school. They currently employ a team of 25 individuals.
Official website here: www.kingswaylearningcenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52% (One-Star out of Four Stars)
Kingsway Services Inc has received a low rating of 52%, indicating significant areas for improvement in its operational transparency and financial management. While the organization has a fully independent board and strong policies in place regarding conflict of interest and whistleblower protections, its overall accountability and financial score reflects concerning practices, particularly in the area of program expense ratio.
Despite achieving full points in several governance aspects, the charity struggles with a high liabilities to assets ratio and a notably low program expense ratio of 28.89%. This raises questions about the effectiveness of its expenditures towards fulfilling its mission, suggesting that a substantial portion of its budget may not be allocated directly to programs that benefit those it aims to serve.
Additionally, the lack of a publicly available tax form further diminishes transparency, which can affect donor trust and engagement. For potential supporters, while some governance practices are commendable, the financial metrics highlight the need for more strategic financial management to ensure that the organization's resources are effectively utilized in support of its charitable goals.
This AI summary has been generated from information found on Charity Navigator.
Is Kingsway Services Inc legitimate?
Kingsway Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kingsway Services 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: $336,771
Professional Fundraising Fees: $0
Other Salaries and Wages: $831,291
For more financial information, click here
Official website here: www.kingswaylearningcenter.org
What is the mission statement of Kingsway Services Inc?
Kingsway Services Inc, an organization supporting the Kingsway Learning Center, is dedicated to providing essential management services. Its mission is centered around ensuring the smooth operation of the learning center for students with disabilities aged 3-21. This encompasses various functions such as accounting, human resources, external relations, fundraising, and more, all aimed at supporting the educational needs of these students. The organization's primary goal is to facilitate the learning center's mission and help it thrive.
Official website here: www.kingswaylearningcenter.org
Who is the CEO of Kingsway Services Inc?
Rachel Chan is the Chairperson of Kingsway Services Inc. The CEO's salary of Kingsway Services Inc is $140,000 and their total compensation is $183,295.
Official website here: www.kingswaylearningcenter.org
What is the revenue of Kingsway Services Inc?
Kingsway Services Inc's revenue in 2022 was $2,101,519.
Official website here: www.kingswaylearningcenter.org
Who are the executives of Kingsway Services Inc and what are their salaries?
The average compensation at Kingsway Services Inc during 2022 was $46,722. There are 25 employees and 6 volunteers at Kingsway Services Inc.
Here are 8 key members and their salaries (Kingsway Services Inc's CEO's salary is $140,000 and their total compensation is $183,295):
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- Compensation: $140,000
- Related: $0
- Other: $43,295
- Compensation: $111,323
- Related: $0
- Other: $42,153
Official website here: www.kingswaylearningcenter.org
Where can I find the form 990 for Kingsway Services Inc?
Kingsway Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kingswaylearningcenter.org
Learn more at the official website: www.kingswaylearningcenter.org
Mission Statement of Kingsway Services Inc
Kingsway Services Inc, a supporting organization for the Kingsway Learning Center, Inc., is dedicated to providing essential management services. Their primary mission is to oversee the operations of the Kingsway Learning Center, a private school approved for students with disabilities between the ages of 3 and 21. The scope of their services encompasses various aspects such as accounting, human resources, external relations, fundraising, and more, ensuring the smooth functioning of the learning center. By doing so, Kingsway Services Inc plays a crucial role in supporting the educational needs of students with disabilities, making a significant difference in their lives.
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Impact
June, 2024
Kingsway Services Inc plays a vital role in supporting Kingsway Learning Center Inc, an approved private school for students with disabilities aged 3-21. The organization provides essential management services such as accounting, human resources, external relations, fundraising, and more. By offering these crucial services, Kingsway Services Inc enables Kingsway Learning Center to focus on its core mission of providing education and support to students with disabilities, ultimately contributing to the mental health and well-being of this vulnerable population.
This information is meant to be a general summary of Kingsway Services 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: $1,709,884
- Gross Receipts: $2,112,656
Assets and Liabilities:
- Total Assets: $393,060
- Total Liabilities: $307,918
- Net Assets: $85,142
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEE
Revenue
$1,137,216
ADULT PROGRAM
Revenue
$572,668
Organization Details
Founding Year
2016
Phone
(856) 545-0800Principal Officer
Rachel Chan
Main Address
244 ROUTE 38 WEST, MOORESTOWN, NJ, 08057
NTEE Category
Code: F11 - Mental health
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