Overview
What is Cinco De Mayo Omaha?
Cinco de Mayo Omaha is a cultural nonprofit organization situated in Omaha, Nebraska. Its primary mission is to foster community development by promoting cultural awareness and education. Through annual festivals, they strive to uplift and enrich their local community. As an ethnic advocacy group, they prioritize the betterment of their community, thereby contributing to its overall well-being.
Official website here: www.cincoemayoomaha.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Stars)
Cinco De Mayo Omaha has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored particularly low on metrics related to board independence and the presence of essential governance policies, with no independent board members and a lack of both a conflict of interest policy and a whistleblower policy.
Despite these issues, Cinco De Mayo Omaha reported a 100% program expense ratio, suggesting that all of its expenditures are devoted to its programs. However, the absence of financial statements and key governance documents raises questions about transparency and oversight. Additionally, while the organization does have documented board meeting minutes, the overall lack of independent oversight and relevant policies suggests areas for improvement.
The nonprofit's financial health appears stable, as indicated by a low liabilities to assets ratio. Nonetheless, prospective donors and stakeholders may want to approach their support cautiously, given the highlighted governance deficiencies and the absence of critical financial documentation.
This AI summary has been generated from information found on Charity Navigator.
Is Cinco De Mayo Omaha legitimate?
Cinco De Mayo Omaha is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cinco De Mayo Omaha 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.
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For more financial information, click here
Official website here: www.cincoemayoomaha.com
What is the mission statement of Cinco De Mayo Omaha?
Cinco De Mayo Omaha's mission is centered around promoting culture, education, and community betterment. As an organization, it strives to achieve this goal through its annual festival. By focusing on ethnic awareness, Cinco De Mayo Omaha seeks to enrich the community and spread knowledge, thereby contributing to its overall improvement. The organization's activities are geared towards fostering a sense of unity and understanding among its community members.
Official website here: www.cincoemayoomaha.com
What is the revenue of Cinco De Mayo Omaha?
Cinco De Mayo Omaha's revenue in 2023 was $799,171.
Official website here: www.cincoemayoomaha.com
Who are the executives of Cinco De Mayo Omaha and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.cincoemayoomaha.com
Where can I find the form 990 for Cinco De Mayo Omaha?
Cinco De Mayo Omaha's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cincoemayoomaha.com
Learn more at the official website: www.cincoemayoomaha.com
Mission Statement of Cinco De Mayo Omaha
Cinco de Mayo Omaha, as a cultural organization, is committed to promoting the betterment of its community. Its mission, in simple terms, is to foster culture and education within the community. By doing so, it aims to uplift and improve the lives of its members. This nonprofit organization is dedicated to raising awareness about ethnic diversity, contributing to the enrichment of the community it serves.
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Impact
July, 2024
Cinco De Mayo Omaha's impact is significant in promoting culture, education, and the betterment of the community through its annual festival. By focusing on ethnic awareness and engaging the community in cultural celebrations and educational activities, Cinco De Mayo Omaha helps foster a more vibrant and diverse environment in Omaha, NE. Through its mission to promote culture, education, and community well-being, Cinco De Mayo Omaha plays a vital role in connecting people and enriching the cultural landscape of the city.
This information is meant to be a general summary of Cinco De Mayo Omaha. 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.
- Program Service Revenue: $510,844
- Gross Receipts: $799,171
Assets and Liabilities:
- Total Assets: $209,028
- Total Liabilities: $36
- Net Assets: $208,992
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT INCOME
Revenue
$510,844
Organization Details
Founding Year
2011
Principal Officer
Adriana Rodriguez
Website
www.cincoemayoomaha.comNTEE Category
Code: P84 - Human services
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