Overview
What is Embarc Inc?
Embarc Inc, based in Chicago, Illinois, is a nonprofit organization dedicated to the academic success of low-income high school students. Through a three-year program, Embarc offers immersive experiences in social and cultural enrichment, career development, life skills, and academic support services. The program aims to prepare these students for college and career success by fostering a systematic and long-term model that extends throughout their high school career. Embarc Inc's mission is to empower these students with the necessary skills and opportunities to thrive beyond their educational journey.
Official website here: www.embarcchicago.org
What are the reviews and ratings of this charity?
Charity Navigator rates Embarc Inc with a score of 97%, granting it a Four-Star out of Four Star rating. This high score reflects the organization's strong accountability and financial management, with an impressive 83% of the score focusing on these aspects. The charity demonstrates robust financial practices, including a perfect score for its independent board, material diversion of assets, and an excellent program expense ratio, indicating that a significant portion of its funds is directed toward its programs.
Embarc Inc excels in its commitment to transparency and ethical governance, as evidenced by its policies and practices related to conflicts of interest, whistleblower protections, and document retention. The organization also effectively collects and utilizes constituent feedback, achieving a perfect score in these areas, which underscores its dedication to community engagement and responsiveness to stakeholder needs.
While the organization has a strong overall performance, its equity strategies score of 91 out of 100 suggests room for improvement in its equity data collection and policies. Nonetheless, the high ratings in various categories indicate a well-managed organization focused on its mission and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Embarc Inc legitimate?
Embarc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Embarc 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: $194,631
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.embarcchicago.org
What is the mission statement of Embarc Inc?
Embarc Inc, as an organization, aims to enhance the academic success of low-income high school students. They achieve this by immersing these students in social and cultural enrichment activities, career development programs, life skills training, and academic supportive services. Embarc Inc employs a systematic and long-term model that extends throughout a student's high school career. This three-year program offers community-driven, experiential learning opportunities to inspire and prepare students for college and career success.
In simpler terms, Embarc Inc is committed to empowering disadvantaged high school students by providing them with a holistic approach to learning, encompassing academic support, life skills, and career development. Their strategy is structured over a substantial period, ensuring students receive continuous guidance and preparation for their future endeavors.
Official website here: www.embarcchicago.org
Who is the CEO of Embarc Inc?
Imran Khan is the Chief Executive Officer of Embarc Inc. The CEO's salary of Embarc Inc is $165,743 and their total compensation is $172,478.
Official website here: www.embarcchicago.org
What is the revenue of Embarc Inc?
Embarc Inc's revenue in 2022 was $3,839,352.
Official website here: www.embarcchicago.org
Who are the executives of Embarc Inc and what are their salaries?
The average compensation at Embarc Inc during 2022 was $6,711. There are 29 employees and 43 volunteers at Embarc Inc.
Here are 12 key members and their salaries (Embarc Inc's CEO's salary is $165,743 and their total compensation is $172,478):
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- Compensation: $165,743
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- Other: $6,735
- Compensation: $1,354
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Official website here: www.embarcchicago.org
Where can I find the form 990 for Embarc Inc?
Embarc Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.embarcchicago.org
Learn more at the official website: www.embarcchicago.org
Mission Statement of Embarc Inc
Embarc Inc, a nonprofit organization, is committed to boosting the academic achievements of low-income high school students. They achieve this by immersing these students in a comprehensive and long-term program that encompasses social and cultural enrichment, career development, life skills, and academic supportive services. Embarc Inc employs a systematic approach, extending its support through the entirety of a student's high school career.
The three-year program offered by Embarc Inc is designed to inspire and prepare students for success in college and their future careers. By providing community-driven, experiential learning opportunities, Embarc Inc aims to empower these students, equipping them with the necessary skills and knowledge to overcome challenges and thrive in their academic and professional pursuits. Through this holistic approach, Embarc Inc strives to contribute to the overall well-being and future prospects of its participants.
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Impact
October, 2024
Embarc Inc significantly impacts low-income high school students in Chicago by enhancing their academic success through a comprehensive, immersive program. By providing social and cultural enrichment, career development, life skills training, and dedicated academic support, Embarc equips students with the essential tools to thrive in both college and their future careers.
The organization's three-year model offers community-driven and experience-based learning opportunities, fostering personal and academic growth. Students are not only prepared for academic challenges but also gain crucial exposure to diverse experiences that broaden their horizons and inspire future aspirations. Embarc's approach helps bridge the opportunity gap faced by low-income individuals, ultimately contributing to a more equitable society where all students have a chance to succeed.
This information is meant to be a general summary of Embarc 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.
- Investment Income: $6,908
- Program Service Revenue: $524,489
- Gross Receipts: $3,948,174
Assets and Liabilities:
- Total Assets: $4,540,107
- Total Liabilities: $119,805
- Net Assets: $4,420,302
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$524,489
Organization Details
Founding Year
2010
Phone
(773) 270-1175Principal Officer
Imran Khan
Main Address
PO BOX 221450, CHICAGO, IL, 60622
Website
www.embarcchicago.orgNTEE Category
Code: O50 - Youth development
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