Overview
What is Columbia Opportunities Inc?
Columbia Opportunities Inc, situated in Hudson, New York, is a dedicated nonprofit organization with a mission to alleviate poverty-related issues in the community. Their primary activity revolves around energy efficiency, offering energy audits to eligible homeowners and renters. Through these audits, they identify the most effective methods to make homes more energy-efficient, often utilizing conservation techniques such as insulation, air sealing, furnace repairs or replacements, and refrigerator replacements. This not only makes homes safer, more comfortable, and less expensive to heat but also contributes to reducing energy consumption. The organization's goal is to empower families and individuals, providing them with the necessary skills, knowledge, and resources to become self-reliant, thus contributing to the betterment of the community. With a dedicated workforce of 54 individuals, Columbia Opportunities Inc continues its mission to combat poverty and promote energy efficiency.
Official website here: www.columbiaopportunities.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Columbia Opportunities Inc has received an 81% rating from Charity Navigator, indicating a commendable level of accountability and finance management. The score is derived entirely from its accountability and finance practices, showcasing the organization's commitment to transparency and responsible stewardship of resources. With a perfect score for having a majority independent board and strong financial oversight, the charity demonstrates a solid governance structure.
The organization excels in various metrics, including a program expense ratio of 99.55%, which indicates that nearly all of its funds are allocated to its programs rather than administrative costs. Furthermore, it adheres to best practices regarding conflict of interest and whistleblower policies, ensuring ethical conduct within its operations. The inclusion of board meeting minutes and proper documentation practices further supports its strong accountability measures.
However, the charity has room for improvement, particularly in its liabilities to assets ratio, where it scored 0 out of 15 points. This suggests that the organization may have a heavier debt load relative to its assets, which could pose potential financial risks. Overall, while Columbia Opportunities Inc exhibits strong practices in many areas, addressing its financial liabilities could enhance its stability and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Columbia Opportunities Inc legitimate?
Columbia Opportunities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Columbia Opportunities 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: $108,388
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,393,838
For more financial information, click here
Official website here: www.columbiaopportunities.org
What is the mission statement of Columbia Opportunities Inc?
Columbia Opportunities Inc's mission is centered around addressing poverty-related issues within the community. Their primary goal is to offer opportunities to families and individuals, enabling them to acquire the necessary skills, knowledge, and resources to become self-reliant. As part of their mission, they conduct energy audits for eligible homeowners and renters, providing recommendations for energy efficiency improvements such as insulation, air sealing, furnace repair or replacement, and refrigerator replacement. The aim is to make homes safer, more comfortable, and less expensive to heat, ultimately contributing to improved living conditions for those in need.
Official website here: www.columbiaopportunities.org
Who is the CEO of Columbia Opportunities Inc?
Bruce Frishkoff is the Board Chair of Columbia Opportunities Inc.
Official website here: www.columbiaopportunities.org
What is the revenue of Columbia Opportunities Inc?
Columbia Opportunities Inc's revenue in 2022 was $2,905,882.
Official website here: www.columbiaopportunities.org
Who are the executives of Columbia Opportunities Inc and what are their salaries?
The average compensation at Columbia Opportunities Inc during 2022 was $27,819. There are 54 employees and 2 volunteers at Columbia Opportunities Inc.
Here are 12 key members and their salaries:
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Official website here: www.columbiaopportunities.org
Where can I find the form 990 for Columbia Opportunities Inc?
Columbia Opportunities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.columbiaopportunities.org
Learn more at the official website: www.columbiaopportunities.org
Mission Statement of Columbia Opportunities Inc
Columbia Opportunities Inc, a community-focused organization, aims to address poverty-related issues by offering opportunities to families and individuals. Their mission is to empower these individuals, enabling them to acquire necessary skills, knowledge, and resources to become self-reliant. One of the ways they achieve this is through their weatherization program. This initiative involves conducting energy audits for eligible homeowners and renters, with the goal of making their homes more energy-efficient. Conservation methods, such as insulation and air sealing, furnace repair or replacement, and refrigerator replacement, are employed to make homes safer, more comfortable, and less expensive to heat. These efforts by Columbia Opportunities Inc contribute significantly to improving the living conditions of families and individuals in the community, ultimately helping them to gain self-sufficiency.
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Impact
October, 2024
Columbia Opportunities Inc significantly impacts the community by addressing poverty-related challenges and fostering self-reliance among individuals and families. Through its various programs, the organization provides essential opportunities for personal and financial growth, equipping participants with the skills and knowledge necessary to achieve stability.
One of the key initiatives is the weatherization program, which offers energy audits to eligible homeowners and renters. This service identifies effective conservation methods to enhance energy efficiency, making homes safer and more comfortable while reducing heating costs. By implementing solutions such as insulation, air sealing, and furnace repairs, Columbia Opportunities Inc not only improves living conditions but also alleviates the financial burden on families, promoting long-term sustainability.
Overall, the organization plays a crucial role in empowering community members, helping them navigate their paths to self-sufficiency, and ultimately contributing to the improvement of the local economy.
This information is meant to be a general summary of Columbia Opportunities 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: $2,905,882
Assets and Liabilities:
- Total Assets: $1,090,461
- Total Liabilities: $830,886
- Net Assets: $259,575
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Organization Details
Founding Year
1978
Phone
(518) 828-4611Principal Officer
Bruce Frishkoff
Main Address
540 COLUMBIA STREET, HUDSON, NY, 12534
NTEE Category
Code: P200 - Human services
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