Overview
What is Association For Enterprise Opportunity?
The Association for Enterprise Opportunity, based in Washington D.C., serves as a pioneering force in microbusiness and microfinance innovation in the United States. Their mission revolves around transforming the way capital and support services reach underserved entrepreneurs, enabling them to generate employment opportunities for all. Their innovation program engages diverse stakeholders, co-designing new solutions and platforms to foster transformational change. By leveraging its core competencies, the organization aims to establish a more robust and inclusive marketplace for microbusiness entrepreneurs. With a team of 15 dedicated individuals, the Association for Enterprise Opportunity champions the voice of innovation in microbusiness and microfinance, driving change in the U.S. economy.
Official website here: www.aeoworks.org
What are the reviews and ratings of this charity?
**Association For Enterprise Opportunity (EIN: 363834357)**
**Charity Navigator Rating: 97% (Four-Star out of Four Stars)**
The Association For Enterprise Opportunity (AEO) has achieved an impressive 97% rating from Charity Navigator, reflecting its strong performance in accountability and finance. This top rating signifies the organization’s commitment to transparency and responsible financial management, as evidenced by 100% independent board members and a perfect score across various financial metrics.
AEO's mission focuses on microenterprise development as a strategic approach for economic advancement and poverty alleviation. The organization excels not only in maintaining high standards of governance but also in fostering community engagement, with a score of 100 out of 100 for constituent feedback collection and usage. AEO's adaptability in launching initiatives like MainStreet RISE during the pandemic demonstrates its leadership in supporting small businesses in challenging times.
User reviews from GreatNonprofits are currently unavailable, so no specific sentiments from individuals could be captured. Overall, AEO presents a commendable profile as an organization dedicated to enhancing economic opportunities for individuals across the United States.
This AI summary has been generated from information found on Charity Navigator.
Is Association For Enterprise Opportunity legitimate?
Association For Enterprise Opportunity is a legitimate nonprofit organization registered as a 501(c)(3) entity. Association For Enterprise Opportunity 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: $283,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,255,905
For more financial information, click here
Official website here: www.aeoworks.org
What is the mission statement of Association For Enterprise Opportunity?
The Association for Enterprise Opportunity serves as a pioneer in microbusiness and microfinance within the United States. Their mission is to revolutionize the way capital and services are distributed to underprivileged entrepreneurs, enabling them to create employment opportunities for all. Through an innovative approach, the organization facilitates collaborations with diverse stakeholders, co-designing novel solutions and platforms that drive transformational change. The goal is to establish a more robust and inclusive marketplace for underserved microbusiness entrepreneurs. The Association for Enterprise Opportunity brings unique competencies to innovation, including a systemic understanding, a capacity to collaborate with a broad range of market actors, and an entrepreneurial, resourceful approach.
Official website here: www.aeoworks.org
Who is the CEO of Association For Enterprise Opportunity?
Tanya Hughes is the Member of Association For Enterprise Opportunity.
Official website here: www.aeoworks.org
What is the revenue of Association For Enterprise Opportunity?
Association For Enterprise Opportunity's revenue in 2022 was $9,070,629.
Official website here: www.aeoworks.org
Who are the executives of Association For Enterprise Opportunity and what are their salaries?
The average compensation at Association For Enterprise Opportunity during 2022 was $102,610. There are 15 employees and 25 volunteers at Association For Enterprise Opportunity.
Here are 29 key members and their salaries:
- Compensation: $283,250
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- Other: $30,489
- Compensation: $170,000
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- Other: $13,468
- Compensation: $134,300
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Official website here: www.aeoworks.org
Where can I find the form 990 for Association For Enterprise Opportunity?
Association For Enterprise Opportunity's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aeoworks.org
Learn more at the official website: www.aeoworks.org
Mission Statement of Association For Enterprise Opportunity
The Association for Enterprise Opportunity, abbreviated as AEO, serves as a pioneer in fostering innovation in microbusiness and microfinance within the United States. Its mission is geared towards revolutionizing the distribution of capital and services to underprivileged entrepreneurs, enabling them to generate employment opportunities for all. By facilitating a collaborative process involving diverse stakeholders, AEO co-designs innovative solutions and platforms that drive transformational change. The organization's innovation program leverages its core competencies to create a more robust and inclusive marketplace for microbusiness entrepreneurs who are often overlooked. AEO brings a unique set of skills to innovation, including a systemic understanding, a capacity to collaborate with a broad range of market actors, and an entrepreneurial, resourceful approach.
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Impact
October, 2024
The Association for Enterprise Opportunity (AEO) drives significant impact by championing innovation in microbusiness and microfinance across the United States. By focusing on underserved entrepreneurs, AEO transforms the access and flow of capital and services, enabling these individuals to create jobs and opportunities within their communities.
Through collaborative initiatives, AEO engages diverse stakeholders to co-design solutions that meet the unique needs of microbusiness owners. This approach fosters a robust and inclusive marketplace, amplifying the voices of entrepreneurs who often face systemic barriers. The organization's emphasis on innovation accelerates transformational change, empowering microbusinesses to thrive and contribute meaningfully to the economy.
By leveraging its systemic understanding of the market and an entrepreneurial spirit, AEO not only facilitates vital partnerships but also equips underserved entrepreneurs with the tools and resources necessary to succeed. Their impactful work ultimately enhances economic growth and empowers communities across the nation.
This information is meant to be a general summary of Association For Enterprise Opportunity. 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: $78,671
- Program Service Revenue: $699,262
- Gross Receipts: $9,070,629
Assets and Liabilities:
- Total Assets: $8,594,260
- Total Liabilities: $2,218,104
- Net Assets: $6,376,156
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$684,265
DUES
Revenue
$14,997
Organization Details
Founding Year
1991
Phone
(202) 650-5580Principal Officer
Tanya Hughes
Main Address
1310 L STREET NW SUITE 830, WASHINGTON, DC, 20005
Website
www.aeoworks.orgNTEE Category
Code: T70Z - Philanthropy
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