Overview
What is Adonais Second Chances Inc?
Adonais Second Chances Inc, located in Riverview, Florida, is a nonprofit organization with a mission to broaden opportunities for local residents and groups. Their primary objective is to aid individuals in various aspects and assist them in developing entrepreneurial ventures. Specifically, they aim to help these residents and groups own, manage, and operate businesses in economically depressed areas. By providing the necessary support, Adonais Second Chances Inc seeks to empower its community and foster economic growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43%, Zero-Star out of Four Star Rating.
Adonais Second Chances Inc has received a low rating of 43%, indicating significant concerns regarding its accountability and financial practices. The organization lacks independent board members, which is crucial for ensuring transparency and effective governance. Additionally, financial statements are not adequately reviewed or compiled, raising questions about the reliability of its financial reporting.
Despite some positive aspects, such as having a conflict of interest policy and maintaining board meeting minutes, there are critical areas where the organization falls short. The absence of a website listed on its tax form and failure to post its tax forms on its website further contribute to transparency issues. The high liabilities to assets ratio of 73.28% also suggests potential financial instability, which could impact the organization's ability to fulfill its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Adonais Second Chances Inc legitimate?
Adonais Second Chances Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Adonais Second Chances 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: $79,508
Professional Fundraising Fees: $0
Other Salaries and Wages: $298,074
For more financial information, click here
What is the mission statement of Adonais Second Chances Inc?
Adonais Second Chances Inc's mission is to broaden the business opportunities for disadvantaged individuals and groups in economically deprived areas. The organization aims to assist these residents and groups in establishing, managing, and operating their own businesses. Adonais Second Chances Inc also focuses on helping these individuals and groups develop entrepreneurial skills, thereby contributing to their economic growth and self-sufficiency. The organization's activities are geared towards empowering these communities by providing them with the necessary resources and support to become successful entrepreneurs.
Who is the CEO of Adonais Second Chances Inc?
Karen Sims is the President of Adonais Second Chances Inc.
What is the revenue of Adonais Second Chances Inc?
Adonais Second Chances Inc's revenue in 2022 was $596,550.
Who are the executives of Adonais Second Chances Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- 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 Adonais Second Chances Inc?
Adonais Second Chances Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Adonais Second Chances Inc
Adonais Second Chances Inc is committed to aiding individuals, residents, and groups in various aspects, with a primary focus on assisting them in developing entrepreneurial ventures. Their mission is to expand the opportunities available to these individuals and groups, enabling them to own, manage, and operate business enterprises in economically depressed areas. Adonais Second Chances Inc strives to provide the necessary support and resources for these residents and groups to embark on entrepreneurial journeys, thereby fostering economic growth and self-sufficiency.
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Impact
July, 2024
Adonais Second Chances Inc is making a significant impact by helping individuals in economically depressed areas to own, manage, and operate their own businesses. Through their initiatives, they are expanding opportunities for residents and groups to become entrepreneurs, thereby fostering economic development and empowerment in the community. Their focus on creating employment opportunities is crucial in addressing socio-economic challenges and creating a more sustainable future for those they serve.
This information is meant to be a general summary of Adonais Second Chances 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: $596,550
- Gross Receipts: $596,550
Assets and Liabilities:
- Total Assets: $156,298
- Total Liabilities: $181,336
- Net Assets: -$25,038
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIBUTIONS
Revenue
$76,848
GRANT - JOBS TRAINI
Revenue
$431,195
OTHER INCOME
Revenue
$50,073
PROGRAM FEE
Revenue
$38,434
Organization Details
Founding Year
2018
Principal Officer
Karen Sims
Main Address
12017 TIMBERHILL DRIVE, RIVERVIEW, FL, 33569
NTEE Category
Code: J01 - Employment
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