Overview
What is Bme Networks Inc?
Bme Networks Inc is a nonprofit organization, open to individuals of all races and genders, dedicated to improving communities across the United States. Based in Hollywood, Florida, the organization is led by black fathers, coaches, businessmen, and students who strive to strengthen neighborhoods, mentor young people, and foster business growth. Through various programs and events, Bme Networks Inc raises awareness of black men as valuable assets to society and uplifts their positive narratives. They have supported over 100 community building projects in cities like Philadelphia, Detroit, Baltimore, and Pittsburgh, ranging from conferences to rallies and forums. With a team of 7 employees, Bme Networks Inc actively engages community members in activities and provides resources to foster community growth.
Official website here: www.bmecommunity.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Bme Networks Inc has achieved a strong 92% score on Charity Navigator, reflecting its commitment to accountability and financial health. The charity's high rating is attributed entirely to its impressive accountability and finance practices, which include a majority of independent board members and robust audit oversight. The organization has demonstrated transparency by making its financial statements accessible and adhering to strict governance policies.
The charity's financial metrics are notable, with 91.95% of its expenses directed towards programs, indicating a focus on mission-driven activities. Additionally, the organization maintains a low liability-to-asset ratio of 28.51%, showcasing a solid financial foundation. It also has a healthy working capital ratio of 0.96 years, suggesting it is well-positioned to meet its short-term obligations.
However, the organization did face some limitations related to fundraising efficiency, scoring 0 out of 25 in this area, which may imply challenges in generating funds relative to its expenses. Overall, while Bme Networks Inc demonstrates strong governance and financial management, enhancing its fundraising strategies could further bolster its effectiveness and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Bme Networks Inc legitimate?
Bme Networks Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bme Networks Inc 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: $268,817
Professional Fundraising Fees: $0
Other Salaries and Wages: $257,731
For more financial information, click here
Official website here: www.bmecommunity.org
What is the mission statement of Bme Networks Inc?
Bme Networks Inc is a growing network that fosters unity among various races and genders, with a primary focus on empowering Black fathers, coaches, businessmen, and students. The organization's mission is to enhance communities across the United States by leading by example, mentoring young individuals, and fostering the creation of businesses. Every day, Bme Networks Inc works towards shaping a better future by raising awareness of Black men's positive contributions to society and uplifting their narratives. The network actively engages individuals of all races and genders in community-building activities and provides resources for community growth.
Official website here: www.bmecommunity.org
Who is the CEO of Bme Networks Inc?
Trabian Shorters is the Executive Dir. of Bme Networks Inc.
Official website here: www.bmecommunity.org
What is the revenue of Bme Networks Inc?
Bme Networks Inc's revenue in 2022 was $3,174,512.
Official website here: www.bmecommunity.org
Who are the executives of Bme Networks Inc and what are their salaries?
The average compensation at Bme Networks Inc during 2022 was $75,221. There are 7 employees and 20 volunteers at Bme Networks Inc.
Here are 7 key members and their salaries:
- Compensation: $167,219
- Related: $0
- Other: $0
- Compensation: $101,598
- Related: $0
- Other: $0
- Compensation: $22,200
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bmecommunity.org
Where can I find the form 990 for Bme Networks Inc?
Bme Networks Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bmecommunity.org
Learn more at the official website: www.bmecommunity.org
Mission Statement of Bme Networks Inc
Bme Networks Inc, a growing network comprising individuals of various races and genders, is committed to improving communities nationwide. The organization is built on the foundation of Black fathers, coaches, businessmen, and students who lead by example, aiming to strengthen neighborhoods, mentor young people, and foster entrepreneurship. Each day, Bme Networks Inc works tirelessly to shape a better future for all.
Bme Networks Inc's mission is twofold. Firstly, the organization raises awareness of Black men as valuable assets to society, uplifting their positive narratives. By doing so, they aim to challenge stereotypes and promote a more inclusive and equitable society. Secondly, Bme Networks Inc engages people from all races and genders in community-building activities. They provide resources and networks to support community growth, fostering an environment where everyone can contribute to and benefit from collective progress.
In essence, Bme Networks Inc is a catalyst for change, leveraging the leadership and expertise of Black men to empower communities and challenge societal norms. Their mission is a testament to the power of collective action and the importance of uplifting diverse voices in shaping a better future.
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Impact
July, 2024
BMe Networks Inc, through its BMe Community initiative, has made a significant impact by presenting black men as assets to society and advocating for their positive narratives. The organization has successfully built networks that provide resources for community growth, welcoming new community leaders in cities like Philadelphia, Detroit, Baltimore, and Pittsburgh. Their programs have supported over 100 projects and community building events, ranging from conferences and rallies to fundraisers and forums on important social issues. By engaging people of all races and genders in community-building activities, BMe Networks Inc is actively working to strengthen neighborhoods, mentor young people, and create businesses, ultimately contributing to the betterment of communities across the U.S.
This information is meant to be a general summary of Bme Networks Inc. 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: $1,752
- Gross Receipts: $3,174,512
Assets and Liabilities:
- Total Assets: $3,328,640
- Total Liabilities: $949,163
- Net Assets: $2,379,477
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Organization Details
Founding Year
2013
Phone
(786) 801-9563Principal Officer
Trabian Shorters
Main Address
6825 Taft Street Suite 101, Hollywood, FL, 33024
Website
www.bmecommunity.orgNTEE Category
Code: S99 - Community improvement
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