Overview
What is Center For Community Based Enterprise Inc?
The Center for Community Based Enterprise Inc, based in Detroit, Michigan, is a dedicated nonprofit organization. Their primary objective is to foster living-wage jobs through various forms of worker ownership. They achieve this by offering legal aid, technical assistance, education, and collaboration to individuals. In the recent fiscal year, they served over 30 businesses, providing assistance in worker ownership development. A significant portion of these businesses are minority-owned, including those run by women, BIPOC, and LGTBQ+ individuals. They also successfully facilitated the transition of traditional businesses into worker-owned enterprises. The organization has partnered with Lansing Economic Area Partnership and secured funding from federal sources. The Center for Community Based Enterprise also brought on a new finance team to improve their financial infrastructure. Their mission is to empower individuals and communities through worker ownership, promoting economic equity and sustainability.
Official website here: www.c2be.org
Is Center For Community Based Enterprise Inc legitimate?
Center For Community Based Enterprise Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Center For Community Based Enterprise 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.
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Official website here: www.c2be.org
What is the mission statement of Center For Community Based Enterprise Inc?
The Center for Community Based Enterprise is a non-profit organization committed to fostering living-wage jobs by promoting worker-ownership in various forms. It provides legal aid, technical assistance, education, and collaboration to individuals interested in this model. Their mission is to assist individuals in establishing and maintaining worker-owned businesses, with a significant focus on supporting minority-owned enterprises. In the recent fiscal year, the center has served over 30 businesses, providing them with technical assistance and education. One of their notable achievements was successfully transitioning a traditional business into a worker-owned enterprise through succession planning. The center has also established partnerships with quasi-governmental agencies and secured funding from federal sources. Furthermore, they have brought on a third-party finance team to assess and improve the financial infrastructure of the businesses they serve.
Official website here: www.c2be.org
Who is the CEO of Center For Community Based Enterprise Inc?
Alicia Farris is the Treasurer of Center For Community Based Enterprise Inc.
Official website here: www.c2be.org
What is the revenue of Center For Community Based Enterprise Inc?
Center For Community Based Enterprise Inc's revenue in 2022 was $268,298.
Official website here: www.c2be.org
Who are the executives of Center For Community Based Enterprise Inc and what are their salaries?
There 8 volunteers at Center For Community Based Enterprise Inc.
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Official website here: www.c2be.org
Where can I find the form 990 for Center For Community Based Enterprise Inc?
Center For Community Based Enterprise Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.c2be.org
Learn more at the official website: www.c2be.org
Mission Statement of Center For Community Based Enterprise Inc
The Center for Community Based Enterprise is a non-profit organization that is committed to fostering the creation of living-wage jobs through worker-ownership in various forms. To accomplish this mission, the Center provides legal aid, technical assistance, education, and collaboration to individuals. By offering these services, the organization aims to empower individuals to establish and sustain their own businesses, ultimately leading to improved economic opportunities for underrepresented communities, such as minority-owned businesses.
In their mission, the Center for Community Based Enterprise seeks to support individuals in the process of transitioning traditional businesses into worker-owned enterprises. This is achieved through various means, including legal assistance, technical guidance, and education. The organization offers consultations, webinars, case studies, and collateral materials to help businesses navigate the process of becoming worker-owned. By providing these resources, the Center for Community Based Enterprise is able to assist businesses in overcoming potential obstacles and successfully transitioning to worker-ownership.
Additionally, the Center for Community Based Enterprise has demonstrated success in helping businesses achieve this transition. For instance, they have assisted in the first-ever succession planning and transition of a traditional business to a worker-owned enterprise. This achievement underscores the organization's effectiveness in facilitating this transformation, which can lead to increased job security and improved working conditions for employees.
In summary, the Center for Community Based Enterprise is a non-profit organization dedicated to promoting worker-ownership and creating living-wage jobs. Through their provision of legal aid, technical assistance, education, and collaboration, they empower individuals and support businesses in transitioning to worker-owned enterprises. Their success in facilitating this transformation demonstrates their commitment to improving economic opportunities for underrepresented communities.
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Impact
October, 2024
Center For Community Based Enterprise Inc has made a significant impact by fostering worker ownership and creating living-wage jobs. In the fiscal year 2022, it successfully supported over 30 businesses, providing essential technical assistance, legal help, and educational resources aimed at developing worker ownership models.
By focusing on minority-owned businesses, with approximately 63% being women, BIPOC, or LGBTQIA-owned, C2BE has played a critical role in promoting economic equity and inclusion within the community. The organization has also pioneered initiatives such as succession planning, helping traditional business owners transition their enterprises to employee ownership, which strengthens local economies and ensures job security for workers.
C2BE's engagement with various stakeholders, including its contract with the Lansing Economic Area Partnership and partnerships with federal funding sources, highlights its commitment to sustainable economic practices. New collaborations, like the one with the third-party finance team CFACTs, aim to enhance the financial infrastructure of these businesses, thereby facilitating their growth and sustainability.
Regular communication through newsletters has also helped maintain community engagement, ensuring that information and resources remain accessible. Overall, Center For Community Based Enterprise Inc is not only creating jobs but also empowering individuals and communities through innovative economic practices centered on worker ownership.
This information is meant to be a general summary of Center For Community Based Enterprise 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: $109,000
- Gross Receipts: $268,298
Assets and Liabilities:
- Total Assets: $430,669
- Total Liabilities: $226,993
- Net Assets: $203,676
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACTUAL INCOME
Revenue
$109,000
Organization Details
Founding Year
2007
Principal Officer
Alicia Farris
Main Address
4605 CASS AVE STE 201, Detroit, MI, 48202
Website
www.c2be.orgNTEE Category
Code: S310 - Community improvement
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