Overview
What is The Cabet Group Inc?
The Cabet Group Inc, established in 1972 by Chicago's business leaders, is a nonprofit organization dedicated to combating poverty. Their mission is to empower individuals and families by providing job preparation and ensuring sustained employment. Their efforts encompass programs such as Temporary Nutritional Assistance for Needy Families (TANF) and the Supplemental Nutritional Adult Program. By offering these services, The Cabet Group strives to create a lasting impact and help break the cycle of poverty.
Official website here: www.cabetinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Stars
The Cabet Group Inc has achieved a strong 92% score, earning a prestigious Four-Star rating on Charity Navigator. This rating emphasizes the organization's high level of accountability and financial health, with its score derived entirely from the Accountability & Finance beacon. Notably, the organization has an impressive record of independent board governance, with 85% of its members being independent, which adds to its credibility and operational effectiveness.
The financial oversight of the Cabet Group Inc is robust, as indicated by their perfect scores in areas such as the Audit and Oversight Committee and the absence of material diversion of assets. Furthermore, the organization demonstrates a commendable dedication to program expenses, allocating 94.38% of its resources directly to its programs, which showcases its commitment to its mission and beneficiaries.
However, there are some areas for improvement, notably the absence of a conflict of interest policy, which received no points. While the organization excels in many financial aspects, addressing this gap could enhance its governance framework and public trust further. Overall, the Cabet Group Inc presents a solid profile of transparency and dedication to impact, with a few opportunities for refinement.
This AI summary has been generated from information found on Charity Navigator.
Is The Cabet Group Inc legitimate?
The Cabet Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Cabet Group 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: $318,706
For more financial information, click here
Official website here: www.cabetinc.org
What is the mission statement of The Cabet Group Inc?
The CABET Group, established in 1972 by visionary business leaders, is a non-profit organization with a mission to combat poverty. It aims to achieve this by providing job preparation and ensuring sustained employment for individuals and families, thereby breaking the cycle of poverty. Their initiatives include programs such as the Temporary Nutritional Assistance for Needy Families (TANF) and the Supplemental Nutritional Assistance Program. The organization's goal is to empower these individuals and families, enabling them to lead more stable and self-sufficient lives.
Official website here: www.cabetinc.org
Who is the CEO of The Cabet Group Inc?
R Tyrone Farris is the Director of The Cabet Group Inc. The CEO's salary of The Cabet Group Inc is $0 and their total compensation is $0.
Official website here: www.cabetinc.org
What is the revenue of The Cabet Group Inc?
The Cabet Group Inc's revenue in 2022 was $628,658.
Official website here: www.cabetinc.org
Who are the executives of The Cabet Group Inc and what are their salaries?
The average compensation at The Cabet Group Inc during 2022 was $35,412. There are 9 employees at The Cabet Group Inc.
Here are 7 key members and their salaries (The Cabet Group Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cabetinc.org
Where can I find the form 990 for The Cabet Group Inc?
The Cabet Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cabetinc.org
Learn more at the official website: www.cabetinc.org
Mission Statement of The Cabet Group Inc
The Cabet Group Inc, established in 1972 by Chicago's business leaders, is a non-profit organization with a mission to disrupt the cycle of poverty for individuals and families. By focusing on job preparation and sustained employment, The Cabet Group aims to provide a sustainable solution to poverty. Their efforts are channeled through programs such as Temporary Nutritional Assistance for Needy Families (TANF) and the Supplemental Nutritional Assistance Program. These initiatives equip individuals with the necessary skills and resources to secure employment, thereby enabling them to break free from the poverty cycle.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Cabet Group Inc has made a significant impact in breaking the cycle of poverty for individuals and families in Chicago through job preparation and sustained employment initiatives. Their programs, such as the Temporary Nutrition for Needy Families (TANF) and Supplemental Nutritional Adult Program, have provided crucial support to those in need in the community. By focusing on promoting employment opportunities and skills development, The Cabet Group Inc is actively working towards creating a brighter future for individuals and families facing economic challenges in Chicago.
This information is meant to be a general summary of The Cabet Group 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: $65
- Gross Receipts: $628,658
Assets and Liabilities:
- Total Assets: $261,122
- Total Liabilities: $26,094
- Net Assets: $235,028
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1972
Principal Officer
R Tyrone Farris
Main Address
226 South Wabash STE 900, Chicago, IL, 60604
Website
www.cabetinc.orgNTEE Category
Code: J200 - Employment
If you are a representative of The Cabet Group Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.