Overview
What is Community Investment Collaborative?
Community Investment Collaborative is a dedicated nonprofit organization aiming to bolster its community and promote economic growth. They achieve this by empowering under-resourced entrepreneurs, providing them with essential tools such as education, mentoring, micro-lending, and networking opportunities. This micro enterprise development program serves as a lifeline for entrepreneurs who often struggle to secure funding from traditional sources. The Collaborative's mission is to strengthen the community and enhance economic development, contributing to a more prosperous and inclusive society.
Official website here: www.cicville.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 92%, Four-Star out of Four Star rating.
The Community Investment Collaborative has received a commendable Four-Star rating from Charity Navigator, reflecting its strong accountability and financial management. With a score of 92 in Accountability & Finance and a high Culture & Community score of 90, the organization exhibits a commitment to transparency and effective governance. Notably, it boasts a fully independent board and excellent financial metrics, including a low liabilities-to-assets ratio and a high program expense ratio, indicating that a significant portion of its funds is directed towards its mission.
While the organization shows remarkable strengths, there are areas for improvement. Notably, it lacks a whistleblower policy and a document retention and destruction policy, which are essential for comprehensive governance practices. Despite these shortcomings, the organization effectively collects and utilizes constituent feedback, achieving the highest score in feedback-related metrics, which enhances its responsiveness to community needs.
Additionally, the Community Investment Collaborative has demonstrated a proactive approach to equity, scoring 85 out of 100 in equity strategies, although its equity data and policies could be further developed. Overall, the organization is well-regarded for its financial stewardship and community engagement, with opportunities for enhancing its governance frameworks.
This AI summary has been generated from information found on Charity Navigator.
Is Community Investment Collaborative legitimate?
Community Investment Collaborative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Investment Collaborative 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: $125,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $657,794
For more financial information, click here
Official website here: www.cicville.org
What is the mission statement of Community Investment Collaborative?
The Community Investment Collaborative is committed to strengthening the community and promoting economic development. They achieve this by empowering under-resourced entrepreneurs. This is done through various means, including education, mentoring, micro-lending, and networking. The organization serves as a micro enterprise development program, offering support to entrepreneurs who may not have access to traditional funding sources. By fostering the success of these entrepreneurs, the Community Investment Collaborative contributes to the overall growth and prosperity of the community.
Official website here: www.cicville.org
Who is the CEO of Community Investment Collaborative?
Stephen Davis is the Chair of Community Investment Collaborative.
Official website here: www.cicville.org
What is the revenue of Community Investment Collaborative?
Community Investment Collaborative's revenue in 2022 was $2,244,096.
Official website here: www.cicville.org
Who are the executives of Community Investment Collaborative and what are their salaries?
The average compensation at Community Investment Collaborative during 2022 was $55,914. There are 14 employees and 100 volunteers at Community Investment Collaborative.
Here are 13 key members and their salaries:
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- Compensation: $125,000
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Official website here: www.cicville.org
Where can I find the form 990 for Community Investment Collaborative?
Community Investment Collaborative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cicville.org
Learn more at the official website: www.cicville.org
Mission Statement of Community Investment Collaborative
Community Investment Collaborative, a mission-driven organization, aims to bolster its community and promote economic growth by empowering under-resourced entrepreneurs. They achieve this by offering a multifaceted approach that includes education, mentorship, micro-lending, and networking opportunities. By providing these essential resources, the Collaborative bridges the gap for entrepreneurs who often struggle to secure funding from traditional sources. In essence, Community Investment Collaborative serves as a catalyst for the success of underserved entrepreneurs, ultimately contributing to the strength and development of their community.
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Impact
July, 2024
Community Investment Collaborative's impact can be seen in the strengthening of our community and the contribution to economic development through the success of under-resourced entrepreneurs. By providing education, mentoring, micro-lending, and networking opportunities, Community Investment Collaborative supports underserved entrepreneurs who may not have access to traditional funding sources. Through these efforts, Community Investment Collaborative plays a vital role in fueling the growth and success of these entrepreneurs, ultimately fostering economic empowerment and community improvement.
This information is meant to be a general summary of Community Investment Collaborative. 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: $2,319
- Program Service Revenue: $254,535
- Gross Receipts: $2,244,096
Assets and Liabilities:
- Total Assets: $2,566,394
- Total Liabilities: $348,511
- Net Assets: $2,217,883
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST AND FEES
Revenue
$227,617
TUITION REVENUE
Revenue
$16,078
ENTREPRENEUR
Revenue
$10,840
Organization Details
Founding Year
2012
Principal Officer
Stephen Davis
Main Address
PO BOX 2976, CHARLOTTESVILLE, VA, 22902
Website
www.cicville.orgNTEE Category
Code: S30 - Community improvement
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