Overview
What is Ce12 Foundation?
The Ce12 Foundation is a nonprofit organization situated in Darien, Connecticut. Its primary mission is to bolster the small business sector in Cuba by offering education, training, and advisory services to entrepreneurs and existing businesses. The organization received authorization from the Office of Foreign Asset Control (OFAC) of the U.S. Department of the Treasury to provide and transfer funds, not exceeding $400,000, to the Roman Catholic Church in Cuba and Fundación Pro-Empleo. In 2022, the Ce12 Foundation distributed grants totaling $385,547 in cash to Proyecto Cuba Emprende, an entrepreneurial education program under the Roman Catholic Church of Cuba.
Official website here: www.cubaemprendefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 69%)
The Ce12 Foundation has received a two-star rating from Charity Navigator, indicating that the organization requires improvement in certain areas. While it excels in accountability and finance with a perfect score of 100%, there are significant weaknesses in operational transparency. The absence of certain policies, such as those for conflict of interest and whistleblowing, raises concerns about governance practices.
Despite the critical shortcomings in its financial statements and transparency, the foundation demonstrates a strong commitment to having an independent board, scoring the maximum points in that category. The organization also maintains a favorable liabilities to assets ratio, suggesting it manages its financial obligations effectively. However, the lack of publicly available financial documentation is a notable limitation that could affect donor confidence.
As the Ce12 Foundation moves forward, addressing the identified gaps in policy and financial reporting will be essential for enhancing its credibility and overall performance. Improving transparency and accountability measures can foster greater trust among stakeholders and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Ce12 Foundation legitimate?
Ce12 Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ce12 Foundation 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:
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Other Salaries and Wages: $48,750
For more financial information, click here
Official website here: www.cubaemprendefoundation.org
What is the mission statement of Ce12 Foundation?
The Ce12 Foundation's mission is centered around supporting the small business sector in Cuba. They accomplish this by offering education and training to entrepreneurs and providing advisory services to both established and emerging businesses within the country. The organization operates with the aim of fostering growth and development in the Cuban business community. In 2022, the Ce12 Foundation granted a significant sum of $385,547 in cash to Proyecto Cuba Emprende, an entrepreneurial education program under the Roman Catholic Church in Cuba. This partnership highlights the organization's commitment to empowering small business owners in Cuba.
Official website here: www.cubaemprendefoundation.org
Who is the CEO of Ce12 Foundation?
John Mcintire is the Chair of Ce12 Foundation.
Official website here: www.cubaemprendefoundation.org
What is the revenue of Ce12 Foundation?
Ce12 Foundation's revenue in 2022 was $648,026.
Official website here: www.cubaemprendefoundation.org
Who are the executives of Ce12 Foundation and what are their salaries?
Here are 17 key members and their salaries:
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Official website here: www.cubaemprendefoundation.org
Where can I find the form 990 for Ce12 Foundation?
Ce12 Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cubaemprendefoundation.org
Learn more at the official website: www.cubaemprendefoundation.org
Mission Statement of Ce12 Foundation
The Ce12 Foundation is committed to supporting the small business sector in Cuba. They achieve this by offering education and training to entrepreneurs, as well as providing advisory services to both existing and new businesses. This mission is aimed at fostering growth and development within the Cuban business community. To further their cause, the Ce12 Foundation received authorization from the Office of Foreign Asset Control (OFAC) of the U.S. Department of the Treasury to transfer funds to the Roman Catholic Church in Cuba and Fundacion Pro-Empleo, up to a total of $400,000. In 2022, the organization dispersed grants totalling $385,547 in cash to Proyecto Cuba Emprende, which is the entrepreneurial education program run by the Roman Catholic Church of Cuba. This funding supports the educational and training initiatives of the Ce12 Foundation in their mission to uplift the small business sector in Cuba.
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Impact
July, 2024
Ce12 Foundation's impact lies in supporting the small business sector in Cuba. They provide education and training to entrepreneurs, as well as advisory services to existing and new businesses. This enables individuals to develop their skills, create sustainable businesses, and contribute to the economic growth of their communities. In addition, the foundation's partnership with the Roman Catholic Church in Cuba and Fundacion Pro-Empleo further extends their reach and impact. Through grants and other support, Ce12 Foundation plays a vital role in empowering entrepreneurs and fostering economic development in Cuba.
This information is meant to be a general summary of Ce12 Foundation. 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: $97,305
- Gross Receipts: $667,032
Assets and Liabilities:
- Total Assets: $565,004
- Total Liabilities: $0
- Net Assets: $565,004
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Organization Details
Founding Year
2012
Phone
(917) 215-1127Principal Officer
John Mcintire
Main Address
15 HIGHVIEW ROAD, DARIEN, CT, 06820
NTEE Category
Code: S30 - Community improvement
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