Overview
What is Cumberland Empowerment Zone Corpora?
Cumberland Empowerment Zone Corpora is a nonprofit organization situated in Millville, New Jersey, with a focus on community economic development. Their primary mission involves implementing an Empowerment Zone program, providing both loans and grants to local community organizations and businesses, as well as sponsoring educational programs. With a dedicated staff of two individuals, they aim to foster growth and development within their community.
Official website here: www.cezcorp.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 78%, Three-Star out of Four Star rating.
Cumberland Empowerment Zone Corporation has received a respectable Three-Star rating from Charity Navigator, indicating a fair level of accountability and financial health. The organization excels in maintaining an independent board, with 100% of its members being independent. It also shows strong practices in financial oversight, with a solid audit and oversight committee in place, and no material diversion of assets reported.
However, the organization has room for improvement, particularly in its program expense ratio, which stands at 55.35%. This score suggests that a significant portion of its budget may not be directly allocated to its programs and services. While the charity demonstrates transparency and compliance with essential policies, stakeholders might want to consider this aspect when evaluating the efficacy of the programs supported by the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Cumberland Empowerment Zone Corpora legitimate?
Cumberland Empowerment Zone Corpora is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cumberland Empowerment Zone Corpora 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $192,639
For more financial information, click here
Official website here: www.cezcorp.org
What is the mission statement of Cumberland Empowerment Zone Corpora?
The mission of Cumberland Empowerment Zone Corpora is centered around community economic development. They implement an Empowerment Zone program, providing financial assistance in the form of loans and grants to local community organizations and businesses. Additionally, they sponsor educational programs to further support their mission. By doing so, they aim to foster economic growth and development within their community.
Official website here: www.cezcorp.org
Who is the CEO of Cumberland Empowerment Zone Corpora?
Denise Jackson is the Secretary of Cumberland Empowerment Zone Corpora.
Official website here: www.cezcorp.org
What is the revenue of Cumberland Empowerment Zone Corpora?
Cumberland Empowerment Zone Corpora's revenue in 2022 was $714,640.
Official website here: www.cezcorp.org
Who are the executives of Cumberland Empowerment Zone Corpora and what are their salaries?
The average compensation at Cumberland Empowerment Zone Corpora during 2022 was $96,320. There are 2 employees at Cumberland Empowerment Zone Corpora.
Here are 11 key members and their salaries:
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- Compensation: $18,885
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- Compensation: $109,247
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Official website here: www.cezcorp.org
Where can I find the form 990 for Cumberland Empowerment Zone Corpora?
Cumberland Empowerment Zone Corpora's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cezcorp.org
Learn more at the official website: www.cezcorp.org
Mission Statement of Cumberland Empowerment Zone Corpora
Cumberland Empowerment Zone Corpora is dedicated to community economic development. Through the implementation of an Empowerment Zone program, this organization provides loans and grants to local community organizations and businesses. Furthermore, Cumberland Empowerment Zone Corpora also sponsors educational programs to contribute to the overall growth and prosperity of the community. Their mission is geared towards fostering economic development and empowerment within the community, ultimately aiming to improve the livelihoods of its residents.
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Impact
October, 2024
Cumberland Empowerment Zone Corporation significantly influences community economic development in Millville, NJ. By implementing the Empowerment Zone Program, it provides essential loans and grants to local organizations and businesses, stimulating economic growth and fostering entrepreneurship. This financial support empowers community members to initiate and expand their ventures, creating job opportunities and strengthening the local economy.
Additionally, the corporation sponsors educational programs that enhance skills and knowledge within the community. These initiatives not only support workforce development but also promote public safety, contributing to an overall improved quality of life for residents. The multifaceted approach of providing financial resources alongside educational opportunities amplifies the positive impact on the community, leading to sustainable development and a more resilient local economy.
This information is meant to be a general summary of Cumberland Empowerment Zone Corpora. 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: $156,018
- Program Service Revenue: $317,479
- Gross Receipts: $714,640
Assets and Liabilities:
- Total Assets: $11,310,179
- Total Liabilities: $588,473
- Net Assets: $10,721,706
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEE
Revenue
$220,149
WFRF REVENUES
Revenue
$87,500
MISC INCOME
Revenue
$5,530
LOAN SERVICING FEES
Revenue
$3,950
APPLICATION FEES
Revenue
$350
Organization Details
Founding Year
1999
Phone
(856) 825-3700Principal Officer
Denise Jackson
Main Address
745 LEBANON RD, MILLVILLE, NJ, 08332
Website
www.cezcorp.orgNTEE Category
Code: M242 - Public safety
If you are a representative of Cumberland Empowerment Zone Corpora and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.