Overview
What is United Black Fund Of Greater Cleveland Inc?
United Black Fund of Greater Cleveland Inc is a nonprofit organization situated in Cleveland, Ohio. Their primary mission is to support and empower underprivileged and underserved populations, particularly in the areas of education. They focus on early childhood development programs, middle and high school initiatives, and college preparation, offering academic mentoring to help participants gain new knowledge, skills, or enhance their appreciation for various subjects. The organization also invests in arts education, providing programs that further the participants' training and personal development. Beyond education, United Black Fund of Greater Cleveland Inc provides funding and technical assistance to small and minority-owned businesses, aiming to foster their growth and success. With a team of four dedicated individuals, this nonprofit organization is committed to making a positive impact in its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98%, Four-Star out of Four Star rating.
The United Black Fund of Greater Cleveland Inc has achieved an impressive 98% score on Charity Navigator, signifying a strong commitment to accountability and financial health. The organization boasts full independence among its board members and demonstrates excellent oversight with a robust audit and oversight committee. Its financial practices, including a healthy liabilities to assets ratio of 26.78%, reflect effective management of resources.
With a program expense ratio of 74.33%, the fund allocates a significant portion of its budget directly to its programs, indicating a focus on impactful initiatives rather than administrative costs. The presence of comprehensive policies such as conflict of interest, whistleblower protections, and thorough documentation of board meetings further enhances its credibility.
Overall, the United Black Fund of Greater Cleveland Inc stands out as a well-managed nonprofit with a strong emphasis on transparency, governance, and effective program delivery. No significant limitations have been noted in the data, reinforcing its reputation as a trustworthy organization.
This AI summary has been generated from information found on Charity Navigator.
Is United Black Fund Of Greater Cleveland Inc legitimate?
United Black Fund Of Greater Cleveland Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. United Black Fund Of Greater Cleveland 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: $212,153
For more financial information, click here
What is the mission statement of United Black Fund Of Greater Cleveland Inc?
The United Black Fund Of Greater Cleveland Inc is dedicated to providing funding and technical assistance to small and disadvantaged businesses that fall under the minority category. Their mission is centered around empowering these businesses, ensuring they have the necessary resources to thrive. The organization prioritizes educational funding for programs and projects, with a strong focus on early childhood development, middle school, high school, and college preparation. Their educational initiatives aim to enrich participants' lives, fostering a change in knowledge, skills, or appreciation, rather than offering one-time events. Additionally, the United Black Fund supports arts education, offering programming that enhances participants' training and self-development.
Who is the CEO of United Black Fund Of Greater Cleveland Inc?
Cecil J Lipscomb is the Executive Director of United Black Fund Of Greater Cleveland Inc.
What is the revenue of United Black Fund Of Greater Cleveland Inc?
United Black Fund Of Greater Cleveland Inc's revenue in 2022 was $701,524.
Who are the executives of United Black Fund Of Greater Cleveland Inc and what are their salaries?
The average compensation at United Black Fund Of Greater Cleveland Inc during 2022 was $53,038. There are 4 employees and 30 volunteers at United Black Fund Of Greater Cleveland Inc.
Here are 14 key members and their salaries:
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Where can I find the form 990 for United Black Fund Of Greater Cleveland Inc?
United Black Fund Of Greater Cleveland Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of United Black Fund Of Greater Cleveland Inc
The United Black Fund of Greater Cleveland Inc is dedicated to supporting small and minority disadvantaged businesses. This nonprofit organization provides both funding and technical assistance to these businesses, aiming to foster their growth and success. The United Black Fund of Greater Cleveland Inc has a strong focus on education, especially in the areas of early childhood development, middle school, and high school programs. They also offer college preparation and academic mentor programs, all of which are designed to enhance the lives of low-income and underserved populations. The educational programs offered by the United Black Fund of Greater Cleveland Inc go beyond one-time events, such as attending a show or visiting a cultural institution. Instead, they provide activities that lead to a significant change in knowledge, skills, or appreciation, enriching the lives of their participants. In addition, the United Black Fund of Greater Cleveland Inc includes arts education in its offerings, providing programming that further trains and develops the skills of its participants.
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Impact
July, 2024
United Black Fund Of Greater Cleveland Inc's impact lies in providing crucial funding and technical support to small and minority disadvantaged businesses in Cleveland, Ohio. Additionally, the organization focuses on education funding for programs that emphasize early childhood development, middle and high school initiatives, and college preparation and academic mentorship. By supporting educational programs that cater to low-income and underserved populations, United Black Fund Of Greater Cleveland Inc plays a vital role in enriching participants' lives and fostering long-term positive changes in knowledge, skills, and self-development. Through its commitment to philanthropy, the organization contributes to the empowerment and advancement of minority communities in the Greater Cleveland area.
This information is meant to be a general summary of United Black Fund Of Greater Cleveland 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: $1,710
- Gross Receipts: $701,524
Assets and Liabilities:
- Total Assets: $4,599,206
- Total Liabilities: $1,231,964
- Net Assets: $3,367,242
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Organization Details
Founding Year
1981
Principal Officer
Cecil J Lipscomb
Main Address
1621 Euclid Ave STE 1200, Cleveland, OH, 44115
NTEE Category
Code: T00 - Philanthropy
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