Overview
What is Assets Inc?
Assets Inc, a not-for-profit organization based in Anchorage, Alaska, addresses the needs of individuals with cognitive or intellectual disabilities. With a mission to empower community members who require additional support to live and work independently, Assets offers a range of services including vocational training, supported living, and employment opportunities. Their team of approximately 150 employees, consisting mainly of individuals with disabilities, ensures the successful operation of various federal, state, and private contracts. Assets' holistic approach includes assessments and ongoing support services, ultimately contributing to the growth and inclusion of those they serve.
Official website here: www.assetsinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Assets Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and financial management. The rating is derived solely from its accountability and finance score, reflecting effective governance and responsible stewardship of resources.
The organization demonstrates strong adherence to best practices, with a fully independent board and no documented material diversion of assets. It also has robust policies in place for conflict of interest, whistleblower protection, and document retention, showcasing a commitment to transparency and ethical operations.
However, while its program expense ratio of nearly 75% is commendable, indicating that a significant portion of its expenditures directly supports its programs, further details on the impact of these programs are not provided. This lack of information could limit potential donors’ understanding of the charity’s effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Assets Inc legitimate?
Assets Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Assets 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: $390,733
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,972,139
For more financial information, click here
Official website here: www.assetsinc.org
What is the mission statement of Assets Inc?
Assets Inc is a non-profit organization dedicated to enhancing the independence of individuals in the community who face disabilities that make it challenging for them to live and work on their own. The corporation offers a range of services designed to support these individuals, including vocational training, assisted living, and employment opportunities. The organization's primary goal is to enable those in need to live more autonomous lives, providing them with the necessary resources and ongoing support. Through its assessment, community employment, and ongoing services, Assets Inc strives to empower individuals to reach their full potential and live fulfilling lives.
Official website here: www.assetsinc.org
Who is the CEO of Assets Inc?
Matthew Jones is the Ceo of Assets Inc. The CEO's salary of Assets Inc is $145,610 and their total compensation is $153,360.
Official website here: www.assetsinc.org
What is the revenue of Assets Inc?
Assets Inc's revenue in 2022 was $14,279,627.
Official website here: www.assetsinc.org
Who are the executives of Assets Inc and what are their salaries?
The average compensation at Assets Inc during 2022 was $22,541. There are 371 employees and 7 volunteers at Assets Inc.
Here are 11 key members and their salaries (Assets Inc's CEO's salary is $145,610 and their total compensation is $153,360):
- Compensation: $145,610
- Related: $0
- Other: $7,750
- Compensation: $139,362
- Related: $0
- Other: $11,405
- Compensation: $121,824
- Related: $0
- Other: $9,325
- Compensation: $70,732
- Related: $0
- Other: $306
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.assetsinc.org
Where can I find the form 990 for Assets Inc?
Assets Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.assetsinc.org
Learn more at the official website: www.assetsinc.org
Mission Statement of Assets Inc
Assets Inc, a not-for-profit corporation, is dedicated to empowering individuals in the community who face disabilities that impede their independence. With a mission to support those who require assistance to live and work, this organization offers a range of services designed to promote self-sufficiency.
At the heart of Assets Inc's endeavors are vocational training programs and employment services. These offerings enable the individuals served to acquire the necessary skills and knowledge for gainful employment. Through assessment, community employment, and ongoing support services, Assets Inc ensures that each person receives the customized care they need to succeed.
In addition to vocational training, Assets Inc provides supported living services. These critical offerings help individuals with disabilities navigate their daily lives and participate in their communities. The organization's comprehensive approach to promoting independence ensures that those it serves have the necessary resources and support to thrive.
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Impact
October, 2024
Assets Inc. has a significant impact on the Anchorage community by empowering individuals with disabilities to achieve independence and contribute to the workforce. Through its vocational training, supported living, and employment services, the organization has successfully facilitated the employment of approximately 150 individuals with cognitive or intellectual disabilities.
By directly employing these individuals in various federal, state, and private contracts, Assets Inc. not only provides essential support but also enhances the self-sufficiency and dignity of its participants. This approach promotes inclusivity, allowing those with disabilities to engage meaningfully in their communities while developing valuable skills and fostering a sense of belonging.
Furthermore, the ongoing support services and assessments ensure that each individual receives the tailored assistance they need to thrive in their roles, leading to a more fulfilled life. Assets Inc. stands as a vital resource, creating opportunities and breaking down barriers, ultimately enriching the social and economic fabric of Anchorage.
This information is meant to be a general summary of Assets 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: $13,731,212
- Gross Receipts: $14,279,627
Assets and Liabilities:
- Total Assets: $12,175,098
- Total Liabilities: $31,269
- Net Assets: $12,143,829
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Enclave Contracts
Revenue
$8,524,591
Home and Comm. Service
Revenue
$5,206,621
Organization Details
Founding Year
1980
Phone
(907) 334-8622Principal Officer
Matthew Jones
Main Address
2330 Nichols St, Anchorage, AK, 99508
Website
www.assetsinc.orgNTEE Category
Code: J200 - Employment
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