Washington Square Services Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 050457525 ✦ Newport, RI ✦ Designated as a 501(c)(3)

Overview

What is Washington Square Services Corporation?

Washington Square Services Corporation is a nonprofit organization situated in Newport, Rhode Island, specifically at 50 Washington Square, 02840. Their primary mission is to provide employment, training, and housing opportunities for individuals of low income. They operate a thrift shop, where they employ seven residents from low-income housing. This not-for-profit entity is dedicated to uplifting the lives of these individuals, offering them a chance at employment and potential growth. The organization's workforce includes a total of 30 employees.


Is Washington Square Services Corporation legitimate?

Washington Square Services Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Washington Square Services Corporation 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $438,156

For more financial information, click here


What is the mission statement of Washington Square Services Corporation?
Who is the CEO of Washington Square Services Corporation?
What is the revenue of Washington Square Services Corporation?
Who are the executives of Washington Square Services Corporation and what are their salaries?
Where can I find the form 990 for Washington Square Services Corporation?

Mission Statement of Washington Square Services Corporation

Washington Square Services Corporation, a nonprofit organization, is dedicated to offering employment, training, and housing opportunities for individuals from low-income backgrounds. The corporation's primary mission is to create a supportive environment where these individuals can improve their living conditions and build a better future for themselves. One of the ways they achieve this is through the operation of a thrift shop, which provides employment opportunities for low-income residents. The thrift shop, operated by the corporation, currently employs seven such individuals, providing them with a source of income and a chance to gain work experience. By offering employment, training, and housing opportunities, Washington Square Services Corporation strives to empower low-income residents, helping them to overcome challenges and build a more stable and secure life.

Impact

This information is meant to be a general summary of Washington Square Services Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Washington Square Services Corporation's impact lies in its direct provision of employment, training, and housing opportunities for low-income residents in Newport, Rhode Island. Through the operation of a thrift shop that employs local residents living in low-income housing, the organization has successfully provided jobs for 7 individuals facing economic challenges. By offering these employment opportunities, Washington Square Services Corporation is fulfilling its mission to support and empower individuals in need, ultimately enhancing the economic and social well-being of the community.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $0
  • Program Service Revenue: $395,573
  • Gross Receipts: $758,377

    • Assets and Liabilities:
  • Total Assets: $430,502
  • Total Liabilities: $19,590
  • Net Assets: $410,912
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    THRIFT SHOP

    Revenue

    $332,009

    CONTRACT LABOR

    Revenue

    $36,318

    HOMELESS SHELTER RENTS

    Revenue

    $27,246

    Organization Details

    Founding Year

    1991

    Principal Officer

    Jamie Lehane Iii

    Main Address

    50 WASHINGTON SQUARE, NEWPORT, RI, 02840

    NTEE Category

    Code: Y40 - Mutual benefit

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