Overview
What is Crimson Business Education Group Ltd?
Crimson Business Education Group Ltd, headquartered in Cambridge, Massachusetts, is a dedicated nonprofit organization with a mission to empower students from diverse backgrounds to become talented, ethical, and productive leaders in the rapidly evolving business world. They achieve this by offering pro bono training seminars, educational conferences, business competitions, corporate sponsorships, and student mentorship programs. Throughout their fiscal year ending June 30, 2022, they granted scholarships to 71 individuals and provided 21 grants to support other organizations. Notably, Crimson Business Education Group Ltd operates independently from Harvard University, receiving no direct financial support for its program activities from the institution.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)
Crimson Business Education Group Ltd has achieved a 79% score, indicating a solid performance in accountability and finance, which is reflected in its Three-Star rating. The organization demonstrates a strong commitment to financial transparency and governance, with a high ratio of independent board members and no material diversion of assets, all contributing positively to its credibility.
The nonprofit excels in various governance practices, including having a comprehensive conflict of interest policy and a whistleblower policy in place. Its program expense ratio of 71.64% suggests that a significant portion of its funds is directed towards its programs, aligning with best practices in nonprofit management.
However, while the organization has received a favorable rating, continuous monitoring and improvement in areas such as community impact and program effectiveness may enhance its overall standing in the nonprofit sector. Overall, the findings suggest that Crimson Business Education Group Ltd is a reliable organization with a solid foundation in governance and financial oversight.
This AI summary has been generated from information found on Charity Navigator.
Is Crimson Business Education Group Ltd legitimate?
Crimson Business Education Group Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Crimson Business Education Group Ltd 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: $0
For more financial information, click here
What is the mission statement of Crimson Business Education Group Ltd?
The Crimson Business Education Group (CBE) is committed to shaping students from various academic and socioeconomic backgrounds into capable, ethical, and productive leaders in the rapidly evolving business world. They accomplish this mission by organizing pro bono training seminars, hosting educational conferences, conducting business competitions, securing corporate sponsorships, and implementing student mentorship programs.
Who is the CEO of Crimson Business Education Group Ltd?
Clara Li is the President of Crimson Business Education Group Ltd.
What is the revenue of Crimson Business Education Group Ltd?
Crimson Business Education Group Ltd's revenue in 2022 was $1,205,454.
Who are the executives of Crimson Business Education Group Ltd and what are their salaries?
There 122 volunteers at Crimson Business Education Group Ltd.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Crimson Business Education Group Ltd?
Crimson Business Education Group Ltd's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Crimson Business Education Group Ltd
Crimson Business Education Group, a dedicated organization, is committed to shaping students from diverse backgrounds into skilled, ethical, and productive leaders in the rapidly evolving business world. They accomplish this mission through various means, including pro bono training seminars, educational conferences, business competitions, corporate sponsorships, and student mentorship programs. By embracing these initiatives, Crimson Business Education Group aims to equip its students with the necessary tools to thrive in the ever-changing business landscape.
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Impact
October, 2024
Crimson Business Education Group Ltd (CBE) plays a pivotal role in shaping the future of aspiring business leaders from diverse academic and socioeconomic backgrounds. Through its comprehensive approach, CBE equips students with the necessary skills and ethical framework to excel in a rapidly evolving business landscape.
By offering pro bono training seminars, educational conferences, and business competitions, CBE provides hands-on experiences that foster practical knowledge and leadership qualities. The organization emphasizes the importance of mentorship, connecting students with seasoned professionals who can guide and inspire them on their career paths.
In addition to these programs, CBE actively invests in its community by awarding scholarships and grants. In the fiscal year ending June 30, 2022, CBE supported 71 individuals with scholarships and granted resources to 21 organizations, amplifying its impact beyond direct educational initiatives. By bridging the gap between ambition and opportunity, CBE not only cultivates talent but also fosters a culture of ethical leadership essential for the business world today.
This information is meant to be a general summary of Crimson Business Education Group Ltd. 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: $12
- Program Service Revenue: $1,205,442
- Gross Receipts: $1,205,454
Assets and Liabilities:
- Total Assets: $1,808,569
- Total Liabilities: $131,337
- Net Assets: $1,677,232
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT AND PROJECTS
Revenue
$1,205,442
Organization Details
Founding Year
2016
Phone
(617) 259-0804Principal Officer
Clara Li
Main Address
PO BOX 380302, CAMBRIDGE, MA, 02238
NTEE Category
Code: B03 - Education
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