Overview
What is Community Advance Inc?
Community Advance Inc is a nonprofit organization situated in Oklahoma City, Oklahoma. Their primary mission is to enhance the lives of underprivileged individuals and families within their community, guided by biblical and Christian values. One of their notable initiatives is an annual scholarship program that provides financial aid to four graduates from Northwest Classen High School for up to four years, covering college expenses up to $2,500 per academic year. These scholarships are funded through endowment contributions made as dedicated memorials. The scholarship recipients have the flexibility to defer payments or integrate them with alternative funding sources. Community Advance Inc's activities are focused on advancing the life skills of those in need, demonstrating their commitment to community development and upliftment.
Is Community Advance Inc legitimate?
Community Advance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Advance 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: $65,024
Professional Fundraising Fees: $0
Other Salaries and Wages: $93,727
For more financial information, click here
What is the mission statement of Community Advance Inc?
Community Advance Inc's mission is centered around enhancing the life skills of underprivileged individuals and families in their community, guided by a biblical and Christian worldview. They aim to achieve this by establishing an annual scholarship program, providing financial aid for up to four Northwest Classen High School graduates to attend accredited colleges or universities in Oklahoma for up to four years, with a maximum of $2500 per academic year. The scholarship committee allows for deferment of payments for up to two years and integration of scholarship funds with alternative sources of funding. This scholarship program is underwritten by endowment funds contributed as designated memorials, with payments made directly to the educational institution or vendor.
Who is the CEO of Community Advance Inc?
Benton Brown is the Treasurer of Community Advance Inc.
What is the revenue of Community Advance Inc?
Community Advance Inc's revenue in 2023 was $432,362.
Who are the executives of Community Advance Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Community Advance Inc?
Community Advance Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Community Advance Inc
Community Advance Inc, guided by a biblical and Christian worldview, strives to advance the life skills of underprivileged individuals and families within its community. The organization's mission is twofold. Firstly, it provides an annual scholarship program to four Northwest Classen High School graduates, offering up to four years of funding for approved college expenses, up to $2,500 per academic year. This scholarship program is underwritten by endowment funds, contributing as a designated memorial. Secondly, individuals who have alternative sources of funding for tuition or educational costs may request that their scholarship payments be integrated with their funding from these sources. This mission of Community Advance Inc aims to empower underprivileged individuals and families, providing them with the necessary educational resources to improve their lives.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Community Advance Inc significantly impacts underprivileged individuals and families in Oklahoma City by enhancing their life skills and educational opportunities. The organization operates an annual scholarship program that provides funding for four Northwest Classen High School graduates, allowing them to pursue higher education at accredited colleges and universities across Oklahoma. Each scholarship awards up to $2,500 annually for a maximum of four years, easing the financial burden on families and promoting educational achievement.
Since its inception in 2014, the scholarship program has empowered scholars by offering the flexibility to defer activation for up to two years, accommodating those who may have alternative funding sources. This adaptability ensures that students can manage their educational expenses in a way that best suits their circumstances. All payments are made directly to educational institutions or vendors, ensuring the funds are utilized effectively for tuition and related costs.
By prioritizing the development of life skills through a supportive, faith-based framework, Community Advance Inc not only assists in educational pursuits but also contributes to the holistic growth of individuals and families, uplifting the community as a whole.
This information is meant to be a general summary of Community Advance 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.
- Gross Receipts: $432,362
Assets and Liabilities:
- Total Assets: $277,320
- Total Liabilities: $0
- Net Assets: $277,320
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2019
Principal Officer
Benton Brown
Main Address
3030 NORTHWEST 23RD STREET, OKLAHOMA CITY, OK, 73107
NTEE Category
Code: P20 - Human services
If you are a representative of Community Advance Inc 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.