Overview
What is Collective Empowerment Group Of South Florida Inc?
Collective Empowerment Group of South Florida Inc is a nonprofit organization, recognized under section 501.c.3 of the Internal Revenue Code, that is dedicated to promoting economic empowerment. They achieve this through a combination of educational, religious, and charitable initiatives. The group emphasizes the black church as a potent tool for fostering wealth and educating communities. Their mission is to advocate for financial growth and to contribute to community education, emphasizing the significance of the black church in this process.
Official website here: www.cegsoflo.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
The Collective Empowerment Group of South Florida Inc has received a 76% rating from Charity Navigator, indicating a solid performance in accountability and finance. The rating reflects a significant focus on fiscal responsibility, with the organization achieving a perfect score in several key areas, such as independent board membership and the absence of material asset diversion.
Strengths of this nonprofit include its fully independent board, which comprises 12 members, and a commendable program expense ratio of 100%. This suggests that all its expenses are directed towards its programs, demonstrating a commitment to its mission. However, the organization does face some limitations, particularly in areas related to governance policies—specifically the absence of a conflict of interest policy and a whistleblower policy, which could enhance transparency and accountability.
Overall, while the Collective Empowerment Group showcases strong financial health and an effective governance structure, addressing the noted policy gaps could further strengthen its operational integrity. The organization has a robust accountability score that suggests it is managing its resources well, which is crucial for maintaining trust with its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Collective Empowerment Group Of South Florida Inc legitimate?
Collective Empowerment Group Of South Florida Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Collective Empowerment Group Of South Florida 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:
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For more financial information, click here
Official website here: www.cegsoflo.org
What is the mission statement of Collective Empowerment Group Of South Florida Inc?
The Collective Empowerment Group of South Florida, as per its mission statement, advocates for economic empowerment. This is achieved through various means, including educational programs, religious activities, and charitable initiatives. Aligning with the guidelines of section 501.c.3 of the Internal Revenue Code, the group emphasizes the black church as a powerful tool for fostering wealth creation and community education.
Official website here: www.cegsoflo.org
What is the revenue of Collective Empowerment Group Of South Florida Inc?
Collective Empowerment Group Of South Florida Inc's revenue in 2023 was $241,449.
Official website here: www.cegsoflo.org
Who are the executives of Collective Empowerment Group Of South Florida Inc and what are their salaries?
Here are 12 key members and their salaries:
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Official website here: www.cegsoflo.org
Where can I find the form 990 for Collective Empowerment Group Of South Florida Inc?
Collective Empowerment Group Of South Florida Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cegsoflo.org
Learn more at the official website: www.cegsoflo.org
Mission Statement of Collective Empowerment Group Of South Florida Inc
Collective Empowerment Group of South Florida, as a nonprofit organization, is dedicated to advocating for economic empowerment. They accomplish this mission through a combination of educational, religious, and charitable initiatives, adhering to the guidelines set forth by section 501.c.3 of the Internal Revenue Code. This group particularly emphasizes the potential of the black church as a powerful tool for wealth creation and community education. By promoting this approach, Collective Empowerment Group of South Florida aims to empower individuals and contribute to the betterment of their community.
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Impact
October, 2024
Collective Empowerment Group of South Florida Inc drives significant impact by advocating for economic empowerment within the community. By focusing on educational programs, it equips individuals and families with the knowledge and skills necessary for financial stability and growth. The organization also emphasizes the role of the black church as a critical platform for wealth building and community education, fostering a sense of unity and shared purpose.
Through various initiatives, Collective Empowerment Group helps to bridge gaps in financial literacy, providing resources and support that facilitate important conversations around economic issues. This approach not only nurtures individual economic prospects but also strengthens the community as a whole. The group's efforts in promoting charitable activities further enhance community cohesion, enabling residents to uplift one another. The overall impact is a more informed and economically empowered community, ready to tackle challenges and seize opportunities for growth.
This information is meant to be a general summary of Collective Empowerment Group Of South Florida 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 2023.
- Program Service Revenue: $109,650
- Gross Receipts: $1,210,950
Assets and Liabilities:
- Total Assets: $545,798
- Total Liabilities: $453,909
- Net Assets: $91,889
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GRANTS- BANKS
Revenue
$95,500
GRANTS- HUD
Revenue
$14,150
Organization Details
Founding Year
2004
Principal Officer
Alphonso Jackson Jr
Website
www.cegsoflo.orgNTEE Category
Code: P20 - Human services
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