Overview
What is Centro Community Partners?
Centro Community Partners is a nonprofit organization situated in Oakland, California. Their primary mission is to empower low-income entrepreneurs, predominantly women and individuals of color, by offering various educational programs, mentorship, and access to essential resources. Their services encompass seven key activities: a basic entrepreneurship program, an entrepreneurship bootcamp, an advanced entrepreneurship program, a capital hub connecting entrepreneurs to financing opportunities, an entrepreneurship suite for other non-profit organizations, a free mobile business planning app, and advisory services offering one-on-one mentorship. Through these initiatives, Centro aims to equip entrepreneurs with the necessary skills and resources to launch and grow successful businesses.
Official website here: www.centrocommunitypartners.org
Is Centro Community Partners legitimate?
Centro Community Partners is a legitimate nonprofit organization registered as a 501(c)(3) entity. Centro Community Partners 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: $249,048
Professional Fundraising Fees: $0
Other Salaries and Wages: $410,855
For more financial information, click here
Official website here: www.centrocommunitypartners.org
What is the mission statement of Centro Community Partners?
Centro Community Partners, as an organization, is committed to serving low-income entrepreneurs. It achieves this by providing them with education, business advising, mentorship, and access to capital. The mission is to equip these entrepreneurs with the necessary tools to launch or grow their businesses. Centro collaborates with various organizations to deliver basic entrepreneurship training, offer accelerated programs, and provide access to financial resources. The organization's activities include a nine-session Basic Entrepreneurship Program, a one-day or two-day Entrepreneurship Bootcamp, an Advanced Entrepreneurship Program, and a Centro Capital Hub that connects entrepreneurs to loans and grants. Additionally, Centro offers advisory services and a mobile app to assist entrepreneurs in creating business plans. During the COVID-19 pandemic, Centro created a Rapid Response Advisory team to provide one-on-one business advice to help small businesses recover.
Official website here: www.centrocommunitypartners.org
Who is the CEO of Centro Community Partners?
Arturo Noriega is the CEO of Centro Community Partners The CEO's salary of Centro Community Partners is $127,274 and their total compensation is $127,274.
Official website here: www.centrocommunitypartners.org
What is the revenue of Centro Community Partners?
Centro Community Partners's revenue in 2023 was $1,320,793.
Official website here: www.centrocommunitypartners.org
Who are the executives of Centro Community Partners and what are their salaries?
The average compensation at Centro Community Partners during 2023 was $47,136. There are 14 employees and 4 volunteers at Centro Community Partners.
Here are 5 key members and their salaries (Centro Community Partners's CEO's salary is $127,274 and their total compensation is $127,274):
- Compensation: $127,274
- Related: $0
- Other: $0
- Compensation: $121,774
- 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.centrocommunitypartners.org
Where can I find the form 990 for Centro Community Partners?
Centro Community Partners's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.centrocommunitypartners.org
Learn more at the official website: www.centrocommunitypartners.org
Mission Statement of Centro Community Partners
Centro Community Partners, a nonprofit organization, is dedicated to serving underprivileged entrepreneurs by providing them with education, advisory services, mentorship, and access to capital. The mission of Centro Community Partners is to empower these entrepreneurs, primarily from low-income backgrounds, enabling them to launch, grow, or improve their businesses. To achieve this, the organization collaborates with various local and global organizations, offering basic entrepreneurship training, business advisors, and access to capital when needed.
Centro Community Partners' approach is multifaceted, encompassing seven distinct activities. The Basic Entrepreneurship Program (BEP) is designed for individuals in the early stages of their business, teaching them about crucial business functions such as strategy, finance, market analysis, operations, and personal budgeting, ultimately leading to the creation of a business plan. The Entrepreneurship Bootcamp is a condensed program for individuals seeking a quicker means to develop a business plan and launch a small business. The Advanced Entrepreneurship Program (AEP) caters to entrepreneurs who have completed a basic program or similar training, offering guidance in validating business models and launching or expanding their businesses.
Centro Community Partners also offers the Centro Capital Hub, connecting entrepreneurs to various sources of capital, including loans and grants. The Entrepreneurship Suite (E-Suite) is a turn-key technical assistance solution for other non-profit organizations, enabling them to provide entrepreneurship education and financial literacy programs to low-income women and BIPOC entrepreneurs in different geographic areas. The Centro Business Planning App is a self-paced tool that assists entrepreneurs in creating a loan-ready business plan, while the Advisory Services offer quality mentorship and business advisory services to connect entrepreneurs with small business advisors, particularly benefiting women and minorities. During the COVID-19 pandemic, Centro Community Partners established the Rapid Response Advisory team to provide one-on-one business advisory services, helping small businesses recover and grow stronger.
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Impact
October, 2024
Centro Community Partners has a significant impact on low-income entrepreneurs by providing a comprehensive suite of services designed to foster economic growth and enhance business acumen. By offering education, mentorship, and access to capital, it equips individuals at various stages of their entrepreneurial journey with the necessary tools to succeed.
The Basic Entrepreneurship Program (BEP) introduces aspiring business owners, especially those at the idea stage, to essential concepts such as strategy, finance, and market analysis, culminating in the creation of a business plan. Similarly, the Entrepreneurship Bootcamp offers a fast-tracked approach for participants to develop their ideas and launch small businesses effectively.
For those with a foundation in entrepreneurship, the Advanced Entrepreneurship Program (AEP) helps refine their business models and supports their growth through structured guidance. Entrepreneurs can also access critical funding through the Centro Capital Hub, which connects them with zero-interest loans, government grants, and SBA funds.
The innovative Centro Business Planning App allows users to create business plans through engaging activities, providing a mobile solution that supports entrepreneurs in 156 countries and improves localized economic outcomes. Additionally, the Entrepreneurship Suite (E-Suite) extends Centro’s successful methodologies to other organizations—broadening the reach of entrepreneurship education and support.
Centro's Advisory Services ensure that entrepreneurs receive personalized mentorship, fostering a supportive network that empowers underserved individuals, especially women and BIPOC communities. Through initiatives like the Rapid Response Advisory team, Centro demonstrates adaptability and commitment to bolstering small businesses, particularly during challenging times like the COVID-19 pandemic.
Ultimately, Centro Community Partners is creating a transformative impact by enhancing the economic stability and entrepreneurial potential of low-income communities, driving long-term community improvement.
This information is meant to be a general summary of Centro Community Partners. 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 2023.
- Investment Income: $7,230
- Program Service Revenue: $63,656
- Gross Receipts: $1,320,793
Assets and Liabilities:
- Total Assets: $2,833,662
- Total Liabilities: $95,028
- Net Assets: $2,738,634
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES FOR SERVICES
Revenue
$63,656
Organization Details
Founding Year
2011
Principal Officer
Arturo Noriega
NTEE Category
Code: S31 - Community improvement
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