Overview
What is Trinity Visions Comm Dev Corp?
Trinity Visions Comm Dev Corp is a nonprofit organization situated in Ruston, Louisiana (LA). With a workforce of 23 individuals, their primary focus is to offer daycare services primarily to lower-income families. By doing so, they enable parents to maintain employment, thereby ensuring financial stability for their families. Their mission is deeply rooted in supporting the community by facilitating childcare services for families with limited resources.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating.
Trinity Visions Community Development Corporation has received a Two-Star rating from Charity Navigator, indicating a score of 67%. This rating highlights some strengths in their financial management, particularly with an impressive program expense ratio of 98.80%, meaning they allocate a significant portion of their funds directly to their programs. Additionally, the organization has shown no material diversion of assets and maintains a healthy liabilities to assets ratio of 0.46%.
However, the nonprofit faces critical shortcomings in governance and accountability. Notably, it lacks any independent board members, which raises concerns about potential conflicts of interest and effective oversight. Furthermore, various essential policies, such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy, are missing. Additionally, the organization has not provided its website information on its tax form, which can affect transparency for potential donors.
Overall, while Trinity Visions Community Development Corporation demonstrates strong program commitment, its governance practices require improvement to enhance accountability and trustworthiness. Addressing these gaps could lead to a more favorable evaluation in future assessments.
This AI summary has been generated from information found on Charity Navigator.
Is Trinity Visions Comm Dev Corp legitimate?
Trinity Visions Comm Dev Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trinity Visions Comm Dev Corp 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: $12,350
Professional Fundraising Fees: $0
Other Salaries and Wages: $233,615
For more financial information, click here
What is the mission statement of Trinity Visions Comm Dev Corp?
Trinity Visions Comm Dev Corp's mission is centered around providing daycare services to families with moderate to low income levels. This allows the parents to engage in employment opportunities, ensuring they can maintain financial stability for their families. The organization's primary objective is to offer daycare services, thereby contributing to the community's social and economic well-being. The corporation's accomplishments in this field include providing daycare services in an effective and reliable manner.
Who is the CEO of Trinity Visions Comm Dev Corp?
Edward Jackson is the Chairman of Trinity Visions Comm Dev Corp. The CEO's salary of Trinity Visions Comm Dev Corp is $10,425 and their total compensation is $10,425.
What is the revenue of Trinity Visions Comm Dev Corp?
Trinity Visions Comm Dev Corp's revenue in 2022 was $601,042.
Who are the executives of Trinity Visions Comm Dev Corp and what are their salaries?
The average compensation at Trinity Visions Comm Dev Corp during 2022 was $10,694. There are 23 employees at Trinity Visions Comm Dev Corp.
Here are 2 key members and their salaries (Trinity Visions Comm Dev Corp's CEO's salary is $10,425 and their total compensation is $10,425):
- Compensation: $1,925
- Related: $0
- Other: $0
- Compensation: $10,425
- Related: $0
- Other: $0
Where can I find the form 990 for Trinity Visions Comm Dev Corp?
Trinity Visions Comm Dev Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Trinity Visions Comm Dev Corp
Trinity Visions Comm Dev Corp, as a nonprofit organization, is committed to serving primarily lower-income families by providing daycare services. This mission allows the parents in these families to pursue employment opportunities, ensuring that they can maintain financial stability and provide for their loved ones. By offering this essential service, Trinity Visions Comm Dev Corp plays a crucial role in supporting the overall well-being of these families, enabling them to balance their work and family responsibilities more effectively.
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Impact
July, 2024
Trinity Visions Comm Dev Corp's impact is significant in providing daycare services to primarily lower income families in RUSTON, LA. By offering these services, the organization enables parents to work, thereby contributing to the economic stability of these families. Its mission to provide daycare services to low to moderate income families directly tackles the challenge of balancing work and childcare for families facing financial constraints. Through its efforts, Trinity Visions Comm Dev Corp plays a crucial role in supporting the well-being and progress of the community it serves.
This information is meant to be a general summary of Trinity Visions Comm Dev Corp. 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: $446,953
- Gross Receipts: $601,042
Assets and Liabilities:
- Total Assets: $554,187
- Total Liabilities: $2,563
- Net Assets: $551,624
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Daycare Operations
Revenue
$446,953
Organization Details
Principal Officer
Edward Jackson
Main Address
P O Box 1472, RUSTON, LA, 71270
NTEE Category
Code: P20 - Human services
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