Overview
What is Agora Enterprises?
Agora Enterprises is a nonprofit organization located in Kansas City, Missouri (64154). Its primary mission is to improve the world by fostering entrepreneurship and business development in underdeveloped regions of Africa and Asia. They accomplish this goal by offering training, mentoring, and financial assistance to socially conscious entrepreneurs. Agora Enterprises' activities focus on establishing businesses in third world countries, which involves incurring expenses for employee training. The organization's vision is to empower these entrepreneurs, enabling them to create jobs and stimulate economic growth within these communities.
Official website here: www.agoraenterprises.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 71%)
Agora Enterprises has received a "Needs Improvement" rating from Charity Navigator, scoring 71%. The organization demonstrates notable strengths in governance, with a fully independent board comprising three members and no material diversion of assets. They also maintain a high program expense ratio of 92.47%, indicating that a significant portion of their expenses is directed towards their programs.
However, there are several areas where Agora Enterprises falls short. They lack a whistleblower policy and a document retention and destruction policy, which are critical for ensuring accountability and transparency. Additionally, the organization does not provide board meeting minutes, which may limit stakeholder insight into their decision-making processes.
Overall, while Agora Enterprises shows promise with its strong financial health and governance practices, the absence of key policies and documentation may hinder its overall effectiveness and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Agora Enterprises legitimate?
Agora Enterprises is a legitimate nonprofit organization registered as a 501(c)(3) entity. Agora Enterprises 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: $78,336
Professional Fundraising Fees: $0
Other Salaries and Wages: $60,000
For more financial information, click here
Official website here: www.agoraenterprises.org
What is the mission statement of Agora Enterprises?
Agora Enterprises' mission is centered around transforming the world through entrepreneurship. They strive to empower socially conscious entrepreneurs in Africa and Asia, enabling them to utilize their business acumen to make significant impacts. This is achieved by providing training, mentoring, and securing financing for these individuals. The ultimate goal is to spark job creation and economic development in third-world developing countries. Agora Enterprises' activities also involve covering the expenses incurred by their clients while establishing businesses in these regions, including the training costs for their employees.
Official website here: www.agoraenterprises.org
Who is the CEO of Agora Enterprises?
Ray Barreth is the Ceo of Agora Enterprises. The CEO's salary of Agora Enterprises is $0 and their total compensation is $91,589.
Official website here: www.agoraenterprises.org
What is the revenue of Agora Enterprises?
Agora Enterprises's revenue in 2022 was $625,401.
Official website here: www.agoraenterprises.org
Who are the executives of Agora Enterprises and what are their salaries?
There 10 volunteers at Agora Enterprises.
Here are 3 key members and their salaries (Agora Enterprises's CEO's salary is $0 and their total compensation is $91,589):
- Compensation: $0
- Related: $91,589
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.agoraenterprises.org
Where can I find the form 990 for Agora Enterprises?
Agora Enterprises's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.agoraenterprises.org
Learn more at the official website: www.agoraenterprises.org
Mission Statement of Agora Enterprises
Agora Enterprises, a notable organization, is committed to transforming the world through entrepreneurship. Their mission is to empower socially-conscious entrepreneurs in Africa and Asia, encouraging them to utilize their business acumen to bring about positive change. By creating jobs and stimulating economic development in third-world countries, these entrepreneurs can significantly impact their communities. Agora Enterprises supports this mission by providing training and securing financing for these entrepreneurs. The organization incurs expenses related to the clients' business establishments, covering costs associated with employee training in these third-world countries.
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Impact
July, 2024
Agora Enterprises is changing the world through business by empowering socially conscious entrepreneurs in Africa and Asia. By providing training, mentoring, and securing financing for their ventures, Agora is enabling these entrepreneurs to create jobs and stimulate economic development in third world countries. Their impact is felt through the growth and success of businesses established by their clients, fostering positive change in communities that need it most.
This information is meant to be a general summary of Agora Enterprises. 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.
- Program Service Revenue: $413,612
- Gross Receipts: $625,401
Assets and Liabilities:
- Total Assets: $172,670
- Total Liabilities: $116,333
- Net Assets: $56,337
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Training & Development
Revenue
$413,612
Organization Details
Phone
(816) 729-6650Principal Officer
Ray Barreth
Main Address
5559 NW Barry Rd 317, Kansas City, MO, 64154
Website
www.agoraenterprises.orgNTEE Category
Code: Q30 - International
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