Overview
What is Third Way Center Inc?
Third Way Center Inc is a Colorado-based nonprofit organization, established to offer care and support for adolescents assigned to them by county governmental agencies and through private placements. With a mission to provide room, board, guidance, and counseling, they operate five residential treatment facilities and one transitional housing facility. These facilities aim to help young people overcome challenges and prepare for independent living. Their team consists of 227 dedicated employees.
Official website here: www.thirdwaycenter.org
What are the reviews and ratings of this charity?
Charity Navigator has rated Third Way Center Inc with a score of 96%, granting it a Four-Star out of Four Star rating. This high score indicates a strong level of accountability and financial health, reflecting the organization's commitment to transparency and effective management of resources. The rating is based entirely on a single beacon score, showcasing the charity’s exceptional performance in financial reporting and governance.
One of the standout features of Third Way Center Inc is its governance structure, with 81% of its board members being independent, which supports impartial oversight. The organization also excels in financial accountability, evidenced by having a robust audit and oversight committee, along with no material diversion of assets. The low liabilities to assets ratio of 18.93% and a high program expense ratio of 86.08% further demonstrate its efficient use of funds towards its programs.
While the data highlights numerous strengths in governance and financial management, it does not provide insights into the specific programs or services offered by Third Way Center Inc. This absence of information on program impact or beneficiary feedback may limit a full understanding of the organization's effectiveness in achieving its mission. Nonetheless, the overall ratings emphasize a commitment to high standards of accountability and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Third Way Center Inc legitimate?
Third Way Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Third Way Center 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: $927,302
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,697,831
For more financial information, click here
Official website here: www.thirdwaycenter.org
What is the mission statement of Third Way Center Inc?
Third Way Center Inc is a non-profit organization dedicated to operating residential treatment facilities for adolescents. Established with the goal of providing care and counseling, the center takes in minors assigned to it by both municipal governmental agencies and private placements. The organization offers room, board, support, guidance, and counseling to these adolescents, aiming to help them through their challenges. By doing so, it fulfills its mission to make a positive impact on the lives of young people in need. The center creates an environment where adolescents can receive essential care and attention, fostering their personal growth and development.
Official website here: www.thirdwaycenter.org
What is the revenue of Third Way Center Inc?
Third Way Center Inc's revenue in 2023 was $19,520,935.
Official website here: www.thirdwaycenter.org
Who are the executives of Third Way Center Inc and what are their salaries?
The average compensation at Third Way Center Inc during 2023 was $42,589. There are 226 employees and 101 volunteers at Third Way Center Inc.
Here are 18 key members and their salaries:
- Compensation: $224,176
- Related: $0
- Other: $0
- Compensation: $52,593
- Related: $0
- Other: $1,734
- Compensation: $206,160
- Related: $0
- Other: $11,100
- Compensation: $191,986
- Related: $0
- Other: $3,051
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $215,004
- Related: $0
- Other: $21,498
- Compensation: $141,162
- Related: $0
- Other: $2,867
- Compensation: $117,811
- Related: $0
- Other: $2,422
- Compensation: $102,711
- Related: $0
- Other: $25,590
Official website here: www.thirdwaycenter.org
Where can I find the form 990 for Third Way Center Inc?
Third Way Center Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thirdwaycenter.org
Learn more at the official website: www.thirdwaycenter.org
Mission Statement of Third Way Center Inc
Third Way Center Inc is a non-profit organization with a mission to provide care and counseling for adolescents. Incorporated to operate five residential treatment facilities, the center accepts minors assigned to it by both municipal governmental agencies and through private placements. By offering room, board, support, guidance, and counseling, Third Way Center aims to make a positive impact on the lives of these adolescents.
The organization's primary focus is on the well-being of its young residents. By providing a safe and nurturing environment, Third Way Center enables adolescents to address the challenges they face and work towards personal growth. Through its facilities, the non-profit offers more than just a roof over their heads. It is a place where they can receive the necessary support and guidance to help them overcome the obstacles they encounter.
In summary, Third Way Center Inc is dedicated to the welfare of adolescents. By providing residential treatment and counseling services, it offers a vital resource for young people in need. The organization's commitment to helping these individuals grow and thrive is at the core of its mission.
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Impact
October, 2024
Third Way Center Inc plays a crucial role in providing care and support for adolescents facing mental health challenges. Operating five residential treatment facilities and one transitional housing facility in Denver, Colorado, it offers a structured environment where minors receive room, board, guidance, and counseling. The organization serves youth assigned by counties and private agencies, ensuring that vulnerable populations have access to essential mental health resources.
The impact of Third Way Center Inc is evident in its commitment to improving the lives of young individuals through comprehensive support tailored to their unique needs. By facilitating a nurturing atmosphere, the center helps adolescents develop coping mechanisms, gain life skills, and foster emotional well-being. This initiative not only addresses immediate mental health concerns but also lays the groundwork for long-term stability and resilience in the youth it serves.
This information is meant to be a general summary of Third Way Center 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 2023.
- Investment Income: $72,121
- Program Service Revenue: $18,773,571
- Gross Receipts: $19,700,198
Assets and Liabilities:
- Total Assets: $16,253,914
- Total Liabilities: $3,078,183
- Net Assets: $13,175,731
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REFERRAL FEES
Revenue
$18,687,558
USDA BREAKFAST/LUNCH
Revenue
$86,013
Organization Details
Founding Year
1970
Principal Officer
David Koehler
Website
www.thirdwaycenter.orgNTEE Category
Code: F60Z - Mental health
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