Overview
What is One Common Goal?
One Common Goal is a nonprofit organization situated in Cambria Heights, New York. Their primary objective is to uplift individuals, particularly small business owners and community educators, by encouraging alliances and fostering entrepreneurship. They achieve this through various educational means, such as seminars, workshops, networking events, and individual counseling sessions. The organization's mission is to empower individuals to strive for financial security and independence, thereby combating complacency and contributing to the improvement of local communities. Unfortunately, an event planned for May 2020 had to be postponed due to the COVID-19 pandemic until October 2022.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 10%
One Common Goal has received a Zero-Star out of Four Star rating from Charity Navigator, reflecting significant concerns regarding its accountability and financial practices. The organization's score indicates very limited transparency and adherence to best practices in nonprofit management, with major deficiencies across several key metrics. Specifically, the charity has no independent board members and lacks essential policies, such as conflict of interest and whistleblower protections, which are critical for governance.
Despite having no material diversion of assets, the organization has a high liabilities to assets ratio at 73.91%, suggesting potential financial instability. The low program expense ratio of 30.24% raises questions about the proportion of funds being allocated directly to charitable activities versus administrative costs. This has led to concerns about the overall effectiveness of the charity in fulfilling its mission.
The absence of basic documentation like board meeting minutes and tax forms on its website further diminishes the organization's credibility. Overall, the significant gaps in governance, financial transparency, and operational accountability warrant careful consideration from potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is One Common Goal legitimate?
One Common Goal is a legitimate nonprofit organization registered as a 501(c)(3) entity. One Common Goal 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 One Common Goal?
One Common Goal's mission is centered around empowering individuals to attain financial security and independence. This organization achieves this by offering educational resources, such as seminars, workshops, and individual counseling sessions, aimed at enhancing financial literacy. The primary objective is to combat complacency and prevent neighborhood deterioration. The corporation hosts networking events for small business owners, community educators, and aspiring entrepreneurs to foster collaborations. Unfortunately, an event scheduled for May 17, 2020, had to be postponed due to COVID-19 and was rescheduled for October 2022.
Who is the CEO of One Common Goal?
Unavailable
What is the revenue of One Common Goal?
One Common Goal's revenue in 2022 was $11,507.
Who are the executives of One Common Goal and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for One Common Goal?
One Common Goal's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of One Common Goal
One Common Goal's mission is centered around empowering individuals to achieve financial security and independence. This nonprofit organization accomplishes this by providing financial and business literacy education through various means, such as seminars, workshops, networking events, and individual counseling sessions. The purpose behind these educational initiatives is to combat complacency and the potential deterioration of neighborhoods. By equipping individuals with the necessary financial skills, One Common Goal aims to foster a sense of self-reliance and improve overall community well-being.
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Impact
August, 2024
One Common Goal's impact includes empowering individuals to choose financial security and independence, combating complacency and neighborhood deterioration in communities. Through providing financial and business literacy education via seminars, workshops, networking events, and individual counseling sessions, the organization helps small business owners, community educators, and aspiring entrepreneurs develop essential skills and knowledge to succeed in their endeavors. Additionally, by fostering working alliances among these individuals, One Common Goal promotes collaboration and support within the community to drive economic growth and prosperity.
This information is meant to be a general summary of One Common Goal. 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.
- Gross Receipts: $11,507
Assets and Liabilities:
- Total Assets: $11,500
- Total Liabilities: $8,500
- Net Assets: $3,000
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Organization Details
Founding Year
2007
Phone
(718) 527-0206Main Address
224-02 Linden Blvd, Cambria Heights, NY, 11411
NTEE Category
Code: P50 - Human services
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