Overview
What is Cambridge Economic Opportunity Committee Inc?
Cambridge Economic Opportunity Committee Inc. is a nonprofit organization situated at 11 Inman Street, Cambridge, Massachusetts. Their primary mission is to combat poverty by empowering individuals and mobilizing resources through education and advocacy. The organization offers comprehensive services, including benefits advocacy for state and federal public assistance programs, a health navigator, a food pantry, free tax preparation, financial education and coaching, tenant advocacy, and community organizing to promote civic participation and public policy advocacy. Their work encompasses providing help with state health navigation, offering food assistance, offering free tax preparation services, offering financial education and coaching, advocating for tenants to prevent evictions, and promoting civic engagement and policy advocacy to fight poverty's causes and impacts.
Official website here: www.ceoccambridge.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Cambridge Economic Opportunity Committee Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With an overall score calculated entirely from accountability metrics, the organization exhibits a high level of transparency and governance, evidenced by a fully independent board and comprehensive financial oversight.
Key strengths include a robust program expense ratio of 88.06%, indicating that the majority of its resources are allocated directly to its mission. The organization adheres to best practices, having established policies for conflict of interest, whistleblower protections, and document retention, all of which contribute to its solid governance framework. The absence of any material diversion of assets further underscores its integrity.
While the organization shows exceptional financial health and accountability, potential donors and stakeholders may want to consider the broader impact of its programming and community engagement, as these aspects are not reflected in the financial metrics alone. Overall, the Cambridge Economic Opportunity Committee Inc stands out as a responsible and well-managed nonprofit.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Cambridge Economic Opportunity Committee Inc?
While there are currently no official ratings for the Cambridge Economic Opportunity Committee Inc on Facebook, early opinions from users highlight a positive sentiment regarding the organization's mission. One notable comment emphasizes the organization's role in empowering the community, suggesting that they are effectively addressing local needs.
Given this enthusiastic feedback, it appears that those who have interacted with the nonprofit appreciate its efforts and contributions. The organization seems to resonate well with individuals who value community engagement and support.
Overall, the early reviews indicate a promising start for the Cambridge Economic Opportunity Committee Inc, hinting at a commitment to making a meaningful impact within the community.
This AI summary has been generated from reviews found on Facebook.
Is Cambridge Economic Opportunity Committee Inc legitimate?
Cambridge Economic Opportunity Committee Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cambridge Economic Opportunity Committee 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: $97,333
Professional Fundraising Fees: $0
Other Salaries and Wages: $682,564
For more financial information, click here
Official website here: www.ceoccambridge.org
What is the mission statement of Cambridge Economic Opportunity Committee Inc?
The Cambridge Economic Opportunity Committee Inc's mission is centered around empowering individuals and mobilizing resources to combat poverty's causes and effects. They achieve this through educational initiatives and organizing efforts. The organization offers comprehensive bundled service programs, which include benefits advocacy, health navigation, a food pantry service, free tax preparation, financial education and coaching, tenant advocacy to prevent evictions, and community organizing to promote civic participation and public policy advocacy. Their goal is to provide support and resources to those impacted by poverty, aiming to improve their overall well-being and living conditions.
Official website here: www.ceoccambridge.org
Who is the CEO of Cambridge Economic Opportunity Committee Inc?
Tina Alu is the President of Cambridge Economic Opportunity Committee Inc.
Official website here: www.ceoccambridge.org
What is the revenue of Cambridge Economic Opportunity Committee Inc?
Cambridge Economic Opportunity Committee Inc's revenue in 2022 was $2,086,932.
Official website here: www.ceoccambridge.org
Who are the executives of Cambridge Economic Opportunity Committee Inc and what are their salaries?
The average compensation at Cambridge Economic Opportunity Committee Inc during 2022 was $43,328. There are 18 employees and 27 volunteers at Cambridge Economic Opportunity Committee Inc.
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Official website here: www.ceoccambridge.org
Where can I find the form 990 for Cambridge Economic Opportunity Committee Inc?
Cambridge Economic Opportunity Committee Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ceoccambridge.org
Learn more at the official website: www.ceoccambridge.org
Mission Statement of Cambridge Economic Opportunity Committee Inc
Cambridge Economic Opportunity Committee, Inc., is committed to empowering individuals and mobilizing resources to combat poverty's roots and consequences. Through education and organizing, this nonprofit aims to make a significant impact.
The organization's mission is multi-faceted, encompassing a range of comprehensive programs. CEOC provides benefits advocacy, ensuring that individuals can access all available state and federal public benefits. They also operate as a State Health Navigator, guiding individuals through the complex healthcare system. To address food insecurity, CEOC operates a food pantry service, providing essential nourishment. In addition, the nonprofit offers free tax preparation assistance through the Volunteer Income Tax Assistance (VITA) program, helping individuals maximize their tax refunds and financial stability.
Financial education and coaching are crucial components of CEOC's mission. They equip individuals with the knowledge and skills necessary to manage their finances effectively, reducing the impact of poverty. The organization also provides tenant advocacy services, working to prevent evictions and maintain individuals' homes. This proactive approach helps preserve stability in their living situations.
Furthermore, CEOC promotes civic participation and public policy advocacy through community organizing. By encouraging individuals to engage with their communities and advocate for policies that address poverty, the organization seeks to create lasting change.
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Impact
July, 2024
Cambridge Economic Opportunity Committee Inc empowers individuals and mobilizes resources to combat the causes and impacts of poverty through education and organizing. By providing comprehensive bundled service programs such as benefits advocacy, health navigation, food pantry services, tax preparation, financial education, and tenant advocacy, CEOC plays a crucial role in supporting individuals and families in need. Additionally, their community organizing efforts promote civic participation and advocate for public policies that address poverty issues. CEOC's impactful work in Cambridge, MA, contributes significantly to enhancing the well-being and opportunities for those facing economic challenges.
This information is meant to be a general summary of Cambridge Economic Opportunity Committee 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.
- Investment Income: $48,162
- Gross Receipts: $2,314,468
Assets and Liabilities:
- Total Assets: $1,745,930
- Total Liabilities: $231,909
- Net Assets: $1,514,021
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Organization Details
Founding Year
1965
Phone
(617) 868-2900Principal Officer
Tina Alu
Main Address
11 INMAN STREET, CAMBRIDGE, MA, 021392406
Website
www.ceoccambridge.orgNTEE Category
Code: P200 - Human services
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