Overview
What is Carolina Common Enterprise?
Carolina Common Enterprise is a nonprofit organization situated in Durham, North Carolina. Their primary mission is to support and empower economically marginalized communities by providing technical assistance to startup and existing cooperative enterprises. They focus on food co-op development in "food desert" communities and assist food systems co-ops in rural North Carolina. Additionally, Carolina Common Enterprise facilitates the conversion of conventional businesses to worker ownership. The organization offers licensed legal services to cooperatives that fall within their mission criteria and has participated in creating a collegial network of cooperative lawyers and accountants nationwide. With a team of seven dedicated individuals, Carolina Common Enterprise strives to improve the availability and quality of professional services for cooperatives, particularly in low-income and socially disadvantaged rural and urban areas.
Official website here: www.commonenterprise.coop
Is Carolina Common Enterprise legitimate?
Carolina Common Enterprise is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carolina Common Enterprise 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: $86,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $183,902
For more financial information, click here
Official website here: www.commonenterprise.coop
What is the mission statement of Carolina Common Enterprise?
Carolina Common Enterprise is an organization committed to assisting individuals and communities, particularly those in low-income and socially disadvantaged areas, in the creation, expansion, and improvement of rural and community-based enterprises. Their focus is on cooperatively or mutually owned and governed enterprises. Their mission involves providing technical assistance to startup and existing cooperative enterprises, as well as food co-op development in "food desert" communities. They also help food systems co-ops in rural North Carolina and facilitate the conversion of conventional businesses to worker ownership. Carolina Common Enterprise offers licensed legal services to cooperatives within their mission criteria and has participated in organizing cooperative lawyers and accountants nationally to improve the availability and quality of professional services for cooperatives.
Official website here: www.commonenterprise.coop
Who is the CEO of Carolina Common Enterprise?
Thomas Beckett is the Director of Carolina Common Enterprise.
Official website here: www.commonenterprise.coop
What is the revenue of Carolina Common Enterprise?
Carolina Common Enterprise's revenue in 2022 was $317,106.
Official website here: www.commonenterprise.coop
Who are the executives of Carolina Common Enterprise and what are their salaries?
The average compensation at Carolina Common Enterprise during 2022 was $38,643. There are 7 employees and 7 volunteers at Carolina Common Enterprise.
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- Compensation: $86,600
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Official website here: www.commonenterprise.coop
Where can I find the form 990 for Carolina Common Enterprise?
Carolina Common Enterprise's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.commonenterprise.coop
Learn more at the official website: www.commonenterprise.coop
Mission Statement of Carolina Common Enterprise
Carolina Common Enterprise, a nonprofit organization, is dedicated to assisting individuals and communities, especially those in low-income and socially disadvantaged areas, in the creation, expansion, and improvement of rural and community-based enterprises. Their mission is particularly focused on enterprises that are cooperatively or mutually owned and governed. This nonprofit aims to support the establishment and growth of community-based businesses in economically marginalized areas, providing technical assistance to both startups and existing cooperative enterprises. In addition, Carolina Common Enterprise is active in food co-op development in "food desert" communities. They also contribute to the transformation of conventional businesses into worker-owned operations. The organization offers licensed legal services to cooperatives that fall within their mission criteria and plays a role in organizing cooperative lawyers and accountants nationwide to improve the availability and quality of professional services for cooperatives.
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Impact
October, 2024
Carolina Common Enterprise significantly impacts individuals and communities, particularly in low-income and socially disadvantaged areas, by promoting the creation, expansion, and improvement of community-based enterprises. Focusing on cooperative and mutually owned models, CCE plays a crucial role in fostering economic development in both rural and urban settings.
Through cooperative development initiatives, CCE assists economically marginalized communities in building and strengthening local enterprises. Their services include providing technical assistance to startup and existing co-operative businesses, which enhances their operational viability and sustainability. Additionally, CCE addresses food insecurity by developing food cooperatives in "food desert" communities, ensuring access to healthy food options while also promoting local economies.
The organization also facilitates the conversion of conventional businesses to worker ownership, empowering individuals and increasing local wealth generation. This transition not only enhances economic stability but also fosters a sense of community ownership and responsibility.
In providing licensed legal services tailored to cooperatives, Carolina Common Enterprise ensures that these organizations have access to the necessary professional support to thrive. Furthermore, by organizing cooperative lawyers and accountants nationally, CCE contributes to enhancing the quality and availability of professional services for cooperatives.
Overall, Carolina Common Enterprise catalyzes community improvement by empowering residents, promoting equitable economic practices, and enhancing the overall resilience of marginalized communities in North Carolina.
This information is meant to be a general summary of Carolina Common Enterprise. 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: $540
- Program Service Revenue: $67,597
- Gross Receipts: $317,106
Assets and Liabilities:
- Total Assets: $300,917
- Total Liabilities: $425,893
- Net Assets: -$124,976
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ROC FEE INCOME
Revenue
$52,965
ADMINISTRATIVE FEE
Revenue
$7,882
CONSULTING SERVICES
Revenue
$6,750
Organization Details
Founding Year
2012
Phone
(919) 246-9929Principal Officer
Thomas Beckett
Main Address
PO BOX 12408, DURHAM, NC, 277092408
Website
www.commonenterprise.coopNTEE Category
Code: S193 - Community improvement
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