Overview
What is Alliance For Community Empowerment Inc?
The Alliance For Community Empowerment Inc, located in Bridgeport, Connecticut (06604), is a nonprofit organization dedicated to enhancing the lives of economically disadvantaged individuals in the greater Bridgeport area. They provide essential resources to help improve their quality of life, with a primary focus on education. Their services include Federal Head Start Programs, serving 1,881 children; School Readiness Program, serving 1,327 children; and a Child Day Care Program, catering to 3,093 children. Collectively, these programs reached 771 households. The organization's mission is to empower and uplift economically disadvantaged individuals by providing them with the necessary resources to better their lives, employing a team of 572 staff members.
Official website here: wwww.abcd.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
Alliance For Community Empowerment Inc has received a Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization demonstrates solid financial practices, evidenced by its high program expense ratio of 93.54%, indicating that a significant portion of its budget is directed towards its programs rather than administrative costs. Additionally, the organization boasts an entirely independent board, which is a positive indicator of governance and oversight.
The charity has also excelled in various accountability metrics, such as having a conflict of interest policy, a whistleblower policy, and proper documentation of board meeting minutes, all of which contribute to its high scores in these areas. Its financial statements are subjected to audit and oversight, ensuring transparency and reliability in its financial activities.
However, the liabilities to assets ratio of 57.44% suggests that the organization may carry a moderate level of debt compared to its assets, which could be a potential area of concern. Overall, while the charity excels in many aspects of financial accountability, stakeholders may want to keep an eye on its financial leverage in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Alliance For Community Empowerment Inc legitimate?
Alliance For Community Empowerment Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alliance For Community Empowerment 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: $417,524
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,699,937
For more financial information, click here
Official website here: wwww.abcd.org
What is the mission statement of Alliance For Community Empowerment Inc?
The Alliance For Community Empowerment Inc aims to enhance the living conditions of economically disadvantaged individuals in a larger community. They strive to achieve this by supplying essential resources to help improve their lives. Specifically, the organization offers education services, including Head Start programs, school readiness, and child day care. During the reported period, they served a total of 1,881 children through Head Start programs, 1,327 children through school readiness, and 3,093 children through child day care. Consequently, a total of 771 households received education services from the Alliance For Community Empowerment Inc.
Official website here: wwww.abcd.org
Who is the CEO of Alliance For Community Empowerment Inc?
Dr Monette Ferguson is the Chairperson of Alliance For Community Empowerment Inc.
Official website here: wwww.abcd.org
What is the revenue of Alliance For Community Empowerment Inc?
Alliance For Community Empowerment Inc's revenue in 2022 was $34,720,891.
Official website here: wwww.abcd.org
Who are the executives of Alliance For Community Empowerment Inc and what are their salaries?
The average compensation at Alliance For Community Empowerment Inc during 2022 was $21,184. There are 572 employees at Alliance For Community Empowerment Inc.
Here are 19 key members and their salaries:
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- Other: $24,814
Official website here: wwww.abcd.org
Where can I find the form 990 for Alliance For Community Empowerment Inc?
Alliance For Community Empowerment Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: wwww.abcd.org
Learn more at the official website: wwww.abcd.org
Mission Statement of Alliance For Community Empowerment Inc
Alliance For Community Empowerment Inc, a nonprofit organization, strives to enhance the living standards of economically disadvantaged individuals in the greater Bridgeport area. To achieve this goal, the organization supplies essential resources to help improve their lives.
More specifically, Alliance For Community Empowerment Inc offers various educational services to children in need. These services include participation in federal Head Start programs, serving 1,881 children; a School Readiness Program, benefiting 1,327 children; and a Child Day Care Program, catering to 3,093 children. In total, 771 households have been served through these education initiatives.
By providing these educational opportunities, Alliance For Community Empowerment Inc lays a strong foundation for the future of disadvantaged families. With access to quality education, children can develop the essential skills needed to succeed academically and professionally, ultimately breaking the cycle of poverty. The organization's commitment to the well-being of its community members is evident in its dedication to offering vital resources that empower individuals and help them overcome economic challenges.
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Impact
August, 2024
Alliance For Community Empowerment Inc has positively impacted the Greater Bridgeport area by providing essential resources to economically disadvantaged individuals. Through their education services, including Federal Head Start programs, school readiness programs, and child daycare programs, they have served a significant number of children in need. In total, they have supported 771 households with these education services. Their mission to improve the quality of life for economically disadvantaged individuals in Bridgeport is commendable and essential for creating a more equitable community.
This information is meant to be a general summary of Alliance For Community Empowerment 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: $863,440
- Gross Receipts: $34,720,891
Assets and Liabilities:
- Total Assets: $13,521,168
- Total Liabilities: $5,641,428
- Net Assets: $7,879,740
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$863,440
Organization Details
Founding Year
1964
Phone
(203) 366-8241Principal Officer
Dr Monette Ferguson
Main Address
1070 PARK AVENUE, BRIDGEPORT, CT, 06604
Website
wwww.abcd.orgNTEE Category
Code: B210 - Education
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