Overview
What is Restore Merced?
Restore Merced is a community-focused nonprofit organization situated in Merced, California. With a mission to uplift low-income residents, Restore Merced strives for spiritual, social, and economic prosperity within the community. Their primary activity involves offering job opportunities to individuals, who, in return, contribute to the rehabilitation of their local neighborhoods, streets, and common areas by providing cleaning services. With a team of 63 dedicated employees, Restore Merced is committed to making a positive impact in the lives of Merced's residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating.
Restore Merced has received a Three-Star rating due to its solid performance in accountability and finance, with an overall score of 77%. This score is derived solely from its accountability and finance beacon, highlighting the organization's commitment to transparency and responsible financial practices. The charity has effectively demonstrated its dedication to these principles, which is crucial for donor trust and community support.
One of the notable strengths of Restore Merced is its governance structure, boasting a fully independent board of directors. With 75% of its board members being independent, the organization ensures unbiased oversight. Additionally, it has a strong program expense ratio of 97.42%, indicating that a significant portion of its resources is directed towards its mission-driven activities rather than administrative costs. Other positive aspects include having a conflict of interest policy, a whistleblower policy, and the documentation of board meeting minutes, which further reinforces its accountability.
While the organization has shown commendable strengths, the rating will benefit from continuous monitoring and improvement in areas such as fundraising effectiveness. The overall financial health is solid, as indicated by a low liabilities to assets ratio of 2.69%. Continued focus on these areas can enhance Restore Merced's impact and ensure it maintains the trust of its donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Restore Merced legitimate?
Restore Merced is a legitimate nonprofit organization registered as a 501(c)(3) entity. Restore Merced 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $546,214
For more financial information, click here
What is the mission statement of Restore Merced?
Restore Merced's mission is centered around fostering opportunities for individuals with low to moderate income, encouraging spiritual, social, and economic growth in their lives. This community development initiative aims to reintegrate individuals back into society by providing them with employment opportunities. In turn, these employed individuals contribute to the betterment of their local community by maintaining neighborhoods, streets, and common areas.
Who is the CEO of Restore Merced?
Caleb Medefind is the President of Restore Merced.
What is the revenue of Restore Merced?
Restore Merced's revenue in 2022 was $1,120,297.
Who are the executives of Restore Merced and what are their salaries?
The average compensation at Restore Merced during 2022 was $8,670. There are 63 employees at Restore Merced.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Restore Merced?
Restore Merced's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Restore Merced
Restore Merced, a community development initiative, is committed to empowering low-income residents in Merced, California. Its mission is centered around fostering spiritual, social, and economic growth for these individuals. Restore Merced aims to provide opportunities that enable these residents to flourish in all aspects of life.
To achieve this goal, Restore Merced focuses on rehabilitating individuals who have faced challenges and offering them employment opportunities. These individuals are then tasked with cleaning and maintaining local neighborhoods, streets, and common areas, contributing to the overall improvement of their community. By providing employment and facilitating community clean-up efforts, Restore Merced seeks to create a positive impact on the lives of its residents and the community as a whole.
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Impact
July, 2024
Restore Merced's impact is evident in the transformation it brings to the community of Merced, CA. By focusing on creating opportunities for low to moderate-income residents to experience spiritual, social, and economic flourishing, Restore Merced helps rehabilitate individuals back into society. Through their program, individuals are provided with jobs that involve cleaning local neighborhoods, streets, and common areas. This not only improves the physical appearance of the community but also instills a sense of pride and responsibility in those involved. Ultimately, Restore Merced plays a key role in fostering community improvement and empowerment among the residents of Merced.
This information is meant to be a general summary of Restore Merced. 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: $1,120,297
Assets and Liabilities:
- Total Assets: $421,140
- Total Liabilities: $0
- Net Assets: $421,140
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Organization Details
Founding Year
2018
Phone
(209) 233-1418Principal Officer
Caleb Medefind
Main Address
419 W 19TH ST, MERCED, CA, 95340
NTEE Category
Code: S20 - Community improvement
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