Overview
What is Shoals Dream Center Inc?
Shoals Dream Center Inc, situated in Florence, Alabama, is a dedicated nonprofit organization serving the residents of Northwest Alabama, primarily those of Lauderdale and Colbert Counties. Their charitable mission encompasses various activities designed to alleviate poverty, such as community development, job skills training, social rehabilitation, educational development, tutoring, mentoring, providing food and clothing, and engaging in other initiatives that cater to the needs of their community. With a team of 50 employees, Shoals Dream Center Inc is committed to fostering and promoting these activities, aiming to enhance the lives of those in need.
Official website here: www.shoalsdreamcenter.com/new/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69% (Two-Star out of Four Star rating)
Shoals Dream Center Inc has received a 69% rating from Charity Navigator, which indicates a moderate level of performance regarding accountability and finance. The organization excels in having a fully independent board and has demonstrated no material diversion of assets, which are positive indicators of governance and financial stability.
However, the charity has significant weaknesses, particularly regarding financial transparency, as it lacks financial statements and essential policies such as conflict of interest, whistleblower, and document retention policies. Additionally, the absence of tax forms on their website detracts from their accountability metrics, contributing to the overall lower rating.
Despite these limitations, the organization showcases a strong program expense ratio of 100%, suggesting that all its expenditures are directed towards its programs. This focus on programmatic spending may resonate with donors seeking to support organizations that prioritize their mission over administrative costs.
This AI summary has been generated from information found on Charity Navigator.
Is Shoals Dream Center Inc legitimate?
Shoals Dream Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shoals Dream 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $517,096
For more financial information, click here
Official website here: www.shoalsdreamcenter.com/new/
What is the mission statement of Shoals Dream Center Inc?
Shoals Dream Center Inc's mission is centered around fostering and promoting charitable purposes and activities. Their primary focus is on community development, job skills training, social rehabilitation, and educational development. They also provide tutoring and mentoring services, as well as offer food and clothing to individuals in need. The organization's activities are designed to alleviate conditions of poverty, particularly for residents of Northwest Alabama, specifically Lauderdale and Colbert counties. Their goal is to contribute positively to their community and improve the lives of those less fortunate.
Official website here: www.shoalsdreamcenter.com/new/
Who is the CEO of Shoals Dream Center Inc?
Phil Wiginton is the Secretary of Shoals Dream Center Inc.
Official website here: www.shoalsdreamcenter.com/new/
What is the revenue of Shoals Dream Center Inc?
Shoals Dream Center Inc's revenue in 2022 was $892,394.
Official website here: www.shoalsdreamcenter.com/new/
Who are the executives of Shoals Dream Center Inc and what are their salaries?
The average compensation at Shoals Dream Center Inc during 2022 was $10,342. There are 50 employees at Shoals Dream Center Inc.
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.shoalsdreamcenter.com/new/
Where can I find the form 990 for Shoals Dream Center Inc?
Shoals Dream Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.shoalsdreamcenter.com/new/
Learn more at the official website: www.shoalsdreamcenter.com/new/
Mission Statement of Shoals Dream Center Inc
Shoals Dream Center Inc is an organization committed to fostering, developing, and promoting charitable purposes and activities. Their primary focus is on alleviating conditions of poverty within the Northwest Alabama community, particularly in Lauderdale and Colbert Counties. They accomplish this through various means, including community development, job skills training, social rehabilitation, educational development, tutoring, mentoring, and the provision of food and clothing. These initiatives are all designed to uplift and support those in need, ultimately aiming to improve their living conditions.
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Impact
July, 2024
Shoals Dream Center Inc's impact is significant in fostering, developing, and promoting charitable activities aimed at alleviating poverty and improving the lives of residents in Northwest Alabama, particularly in Lauderdale and Colbert Counties. Through its initiatives such as community development, job skills training, social rehabilitation, educational development, tutoring, mentoring, and provision of food and clothing, Shoals Dream Center Inc has positively impacted the lives of many individuals in need. Their work plays a crucial role in improving the overall well-being and quality of life for the community members, contributing to community improvement and empowerment.
This information is meant to be a general summary of Shoals Dream 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 2022.
- Gross Receipts: $892,394
Assets and Liabilities:
- Total Assets: $250,689
- Total Liabilities: $211,514
- Net Assets: $39,175
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Organization Details
Founding Year
2020
Principal Officer
Phil Wiginton
Main Address
2950 CLOVERDALE RD, FLORENCE, AL, 35633
NTEE Category
Code: S20 - Community improvement
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