Overview
What is Namc Oregon?
Namc Oregon, also known as the National Association of Minority Contractors, is a nonprofit organization situated in Portland, Oregon. Their primary mission is to assist minority-owned design and construction businesses, enhancing their image and improving their ability to secure contracts within the Portland area. To achieve this goal, Namc Oregon focuses on advocacy, education, and empowerment, aiming to level the playing field and promote equity in the industry. Their activities encompass various initiatives, including advocating for policies that support minority contractors, providing educational resources, and empowering these businesses to effectively bid on contracts.
Official website here: www.namc-oregon.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star Rating)
Namc Oregon has achieved a solid Three-Star rating from Charity Navigator, indicating a relatively high level of accountability and financial health. The organization demonstrates strong governance with 100% independent board members and effective oversight, as evidenced by its high scores in financial statement audits and material diversion of assets. These strengths contribute positively to its credibility and reliability as a nonprofit.
However, there are notable limitations in the organization's policies, specifically the absence of a whistleblower and document retention policy, which have impacted its accountability score. Despite these gaps, the organization maintains a favorable liabilities to assets ratio and a healthy working capital ratio, signaling good financial stability and operational capacity.
Furthermore, while the program expense ratio is lower than ideal at 57.43%, indicating that a smaller portion of expenses goes directly to programs, the fundraising efficiency is exceptional, with only $0.10 spent to raise each dollar. This suggests that while the organization is effective in raising funds, it may need to allocate more resources directly to its programs to enhance its overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Namc Oregon legitimate?
Namc Oregon is a legitimate nonprofit organization registered as a 501(c)(3) entity. Namc Oregon 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: $273,687
Professional Fundraising Fees: $0
Other Salaries and Wages: $286,381
For more financial information, click here
Official website here: www.namc-oregon.org
What is the mission statement of Namc Oregon?
Namc Oregon's mission is centered around advocacy, education, and empowerment, specifically for design and construction-related businesses owned by individuals of color. Their goal is to provide assistance to these minority contractors, helping them enhance their image and improve their ability to successfully bid on contracts in relevant industries. This organization aims to foster a more inclusive and equitable business environment, thereby promoting growth and success for these underrepresented entrepreneurs.
Official website here: www.namc-oregon.org
Who is the CEO of Namc Oregon?
Andrew Colas is the Board Of Directors, President of Namc Oregon. The CEO's salary of Namc Oregon is $145,254 and their total compensation is $145,254.
Official website here: www.namc-oregon.org
What is the revenue of Namc Oregon?
Namc Oregon's revenue in 2022 was $2,142,171.
Official website here: www.namc-oregon.org
Who are the executives of Namc Oregon and what are their salaries?
There 5 volunteers at Namc Oregon.
Here are 7 key members and their salaries (Namc Oregon's CEO's salary is $145,254 and their total compensation is $145,254):
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $145,254
- Related: $0
- Other: $0
- Compensation: $128,433
- Related: $0
- Other: $0
Official website here: www.namc-oregon.org
Where can I find the form 990 for Namc Oregon?
Namc Oregon's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.namc-oregon.org
Learn more at the official website: www.namc-oregon.org
Mission Statement of Namc Oregon
Namc Oregon, an organization dedicated to advocacy, education, and empowerment, focuses on design and construction-related businesses owned by individuals of color. Their mission is to provide assistance to these minority contractors, aiming to enhance their visibility and capability in successfully bidding on contracts within the Portland area. By offering support, Namc Oregon aims to empower these businesses, helping them to thrive and make significant contributions to the construction industry.
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Impact
October, 2024
Namc Oregon significantly impacts the design and construction industry by advocating for and empowering businesses owned by people of color. Their focus on enhancing the image and bidding capabilities of minority contractors in the Portland area contributes to greater diversity and representation within the construction sector. Through education and dedicated support, Namc Oregon equips these contractors with the tools they need to navigate the competitive landscape and secure contracts, ultimately fostering a more inclusive economic environment. By improving access to opportunities and promoting equity, Namc Oregon plays a crucial role in transforming the industry and uplifting communities.
This information is meant to be a general summary of Namc Oregon. 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: $273
- Program Service Revenue: $557,318
- Gross Receipts: $2,142,171
Assets and Liabilities:
- Total Assets: $1,834,487
- Total Liabilities: $198,013
- Net Assets: $1,636,474
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$557,318
Organization Details
Founding Year
2007
Phone
(503) 288-1393Principal Officer
Andrew Colas
Main Address
2027 LLOYD CENTER 2027, PORTLAND, OR, 97232
Website
www.namc-oregon.orgNTEE Category
Code: J20 - Employment
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