Overview
What is Community Enterprise Development Services?
Community Enterprise Development Services (CEDS) is a nonprofit organization situated in Aurora, Colorado, specifically at 10660 E Colfax Ave B, 80010. Since its inception, CEDS has invested over $8 million into the local community, aiding nearly 500 underserved entrepreneurs in starting or expanding their businesses. This investment has resulted in the creation of over 1,000 local jobs. In the fiscal year 2022 alone, CEDS Finance invested $1.4 million into 94 small business owners, providing them with working capital and business technical assistance. The organization's mission is to empower individuals, primarily immigrants, refugees, and those from underserved communities in the Denver metro area, by assisting them in owning or strengthening businesses, developing wealth, and achieving financial self-sufficiency.
Official website here: www.cedsfinance.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
Community Enterprise Development Services has achieved a commendable score of 95% on Charity Navigator, reflecting its effective accountability and financial management. With an impressive Accountability & Finance score of 96, the organization demonstrates strong fiscal responsibility, ensuring donor contributions are utilized effectively. The high ratings in constituent feedback and feedback collection underscore the organization's commitment to engaging with the community and valuing their input.
The organization also scores well in feedback usage, indicating that it not only collects input but actively employs it to enhance its programs and services. However, while the Culture & Community score is a solid 86, there is room for improvement in the Equity Strategies score, which stands at 79. This suggests that although the organization is performing well, there are opportunities to further develop its approaches to equity and inclusion.
Overall, Community Enterprise Development Services showcases strength in financial stewardship and community engagement, with feedback mechanisms that resonate positively with constituents. Continued focus on equity strategies could enhance its impact and effectiveness in serving diverse communities.
This AI summary has been generated from information found on Charity Navigator.
Is Community Enterprise Development Services legitimate?
Community Enterprise Development Services is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Enterprise Development Services 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: $126,426
Professional Fundraising Fees: $3,000
Other Salaries and Wages: $582,933
For more financial information, click here
Official website here: www.cedsfinance.org
What is the mission statement of Community Enterprise Development Services?
The mission of Community Enterprise Development Services is centered around supporting the financial self-sufficiency of individuals from underserved communities, including refugees and immigrants. This organization strives to assist these individuals in owning or strengthening their businesses, developing assets, and empowering themselves financially. Since its establishment, CEDS Finance has invested over $8 million into the local community, helping nearly 500 entrepreneurs start or expand their businesses, resulting in over 1000 local job creations. In fiscal year 2022, CEDS Finance invested $1.4 million into 94 small business owners, providing working capital and business technical assistance to help underserved populations, such as immigrants, refugees, people of color, and others, realize their American Dream of financial self-sufficiency.
Official website here: www.cedsfinance.org
Who is the CEO of Community Enterprise Development Services?
Alexandria Wise is the Board Chair of Community Enterprise Development Services.
Official website here: www.cedsfinance.org
What is the revenue of Community Enterprise Development Services?
Community Enterprise Development Services's revenue in 2022 was $1,970,968.
Official website here: www.cedsfinance.org
Who are the executives of Community Enterprise Development Services and what are their salaries?
The average compensation at Community Enterprise Development Services during 2022 was $70,936. There are 10 employees and 13 volunteers at Community Enterprise Development Services.
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- Compensation: $113,428
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- Other: $8,768
Official website here: www.cedsfinance.org
Where can I find the form 990 for Community Enterprise Development Services?
Community Enterprise Development Services's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cedsfinance.org
Learn more at the official website: www.cedsfinance.org
Mission Statement of Community Enterprise Development Services
Community Enterprise Development Services, or CEDS, is an organization committed to supporting the financial self-sufficiency of refugees, immigrants, and individuals from underserved communities in the Denver metropolitan area. Their mission is to assist these individuals in owning or strengthening businesses, developing assets, and empowering themselves financially. CEDS believes in fostering the American Dream of financial independence and has invested over $8 million into the local community since its inception. Through this investment, nearly 500 entrepreneurs from underrepresented backgrounds have started or expanded their businesses, creating over 1,000 local jobs. In fiscal year 2022 alone, CEDS Finance invested $1.4 million into 94 small business owners, providing them with working capital and business technical assistance. This support allows immigrants, refugees, people of color, and other underrepresented populations to realize their financial self-sufficiency dreams.
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Impact
July, 2024
Community Enterprise Development Services has made a significant impact on the Denver metro area by investing over $8 million into the local community since its founding. Through CEDS Finance, nearly 500 underserved entrepreneurs have been supported in starting or growing their businesses, leading to the creation of over 1000 local jobs. In fiscal year 2022 alone, CEDS Finance invested $1.4 million into 94 small business owners, providing crucial working capital and business technical assistance. This support has enabled immigrants, refugees, people of color, and other underserved populations to pursue the American dream of financial self-sufficiency, empowering them to achieve their goals and contribute positively to the local economy.
This information is meant to be a general summary of Community Enterprise Development Services. 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: $857
- Program Service Revenue: $154,240
- Gross Receipts: $1,970,968
Assets and Liabilities:
- Total Assets: $7,813,338
- Total Liabilities: $3,782,626
- Net Assets: $4,030,712
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MICRO LOAN INTEREST
Revenue
$100,357
PROGRAM FEES
Revenue
$53,883
Organization Details
Founding Year
2011
Phone
(303) 569-8165Principal Officer
Alexandria Wise
Main Address
10660 E COLFAX AVE B, AURORA, CO, 80010
Website
www.cedsfinance.orgNTEE Category
Code: P51 - Human services
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