Overview
What is Columbia Empowerment Zone Inc?
Columbia Empowerment Zone Inc, located at 3200 Grand Street, Columbia, SC 29203, is a nonprofit organization with a mission to improve the lives of residents in targeted areas. They achieve this by providing training opportunities for unemployed and underemployed individuals, offering low-interest loans, and assisting qualifying businesses with tax credits. The ultimate goal is to foster job creation, career paths, business growth, and training within the community. Despite incurring significant expenses like attorney's fees, developer costs, and closing costs, Columbia Empowerment Zone Inc continues to dedicate its efforts towards community development and sustainable business growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
Columbia Empowerment Zone Inc has received an overall rating of 86% from Charity Navigator, reflecting strong accountability and financial practices. The rating is based solely on the charity's performance in the Accountability & Finance beacon, where it scored exceptionally well. Key strengths include having a fully independent board, a robust audit and oversight committee, and a solid program expense ratio, indicating efficient use of funds toward its mission.
The organization has demonstrated no material diversion of assets and maintains a documented conflict of interest policy, showcasing its commitment to transparency and ethical governance. With an impressive liabilities to assets ratio of 11.90%, Columbia Empowerment Zone Inc appears financially stable, which is a positive signal for potential donors looking for dependable nonprofit organizations.
While the charity has excelled in its financial oversight and governance, it is important for potential supporters to consider the broader impact and effectiveness of its programs beyond these metrics. Overall, the strong rating reflects a well-managed organization, although further details on program outcomes could provide a more comprehensive view of its impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Columbia Empowerment Zone Inc legitimate?
Columbia Empowerment Zone Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Columbia Empowerment Zone 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $399,146
For more financial information, click here
What is the mission statement of Columbia Empowerment Zone Inc?
Columbia Empowerment Zone Inc, through its activities, aims to improve the lives of residents in targeted areas. This is achieved by offering training programs for unemployed and underemployed individuals, providing low-interest loans, and assisting qualified businesses with tax credits. The primary objective is to foster job creation, establish career paths, promote business growth, and offer necessary training. The organization's mission is geared towards empowering individuals and businesses in these communities, thereby contributing to their overall development.
Who is the CEO of Columbia Empowerment Zone Inc?
Russell Mccoy is the Chair of Columbia Empowerment Zone Inc.
What is the revenue of Columbia Empowerment Zone Inc?
Columbia Empowerment Zone Inc's revenue in 2023 was $5,748,993.
Who are the executives of Columbia Empowerment Zone Inc and what are their salaries?
There 9 volunteers at Columbia Empowerment Zone Inc.
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Where can I find the form 990 for Columbia Empowerment Zone Inc?
Columbia Empowerment Zone Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Columbia Empowerment Zone Inc
Columbia Empowerment Zone, Inc. is an organization dedicated to improving the lives of residents in specific areas. They achieve this goal through various activities, such as training unemployed and underemployed individuals and offering low-interest loans to qualifying businesses. In addition, they assist businesses with tax credits to foster job creation, career paths, business growth, and training. The mission of Columbia Empowerment Zone, Inc. is to enhance the livelihoods of individuals in their target communities, aiming to empower them through job opportunities and business growth.
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Impact
October, 2024
Columbia Empowerment Zone Inc significantly impacts the community by enhancing the lives of residents in targeted areas through various initiatives. By focusing on the training of unemployed and underemployed individuals, the organization aims to provide pathways to sustainable careers.
Additionally, it offers low-interest loans and assists qualifying businesses with tax credits, fostering job creation and supporting business growth. By acquiring and managing properties, Columbia Empowerment Zone Inc creates opportunities for partnerships with private companies, which further contributes to economic development in the region.
Overall, their multifaceted approach not only assists individuals in finding employment but also bolsters local businesses, ultimately leading to sustainable community improvement.
This information is meant to be a general summary of Columbia Empowerment Zone 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.
- Investment Income: $43,054
- Program Service Revenue: $300,155
- Gross Receipts: $11,686,726
Assets and Liabilities:
- Total Assets: $13,153,094
- Total Liabilities: $1,566,308
- Net Assets: $11,586,786
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$300,155
Organization Details
Founding Year
2008
Phone
(803) 545-3950Principal Officer
Russell Mccoy
Main Address
3200 GRAND STREET, COLUMBIA, SC, 29203
NTEE Category
Code: S30 - Community improvement
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