Overview
What is Omaha Minority Community Development Fun?
The Omaha Minority Community Development Fun is a nonprofit organization situated in Omaha, Nebraska, specifically at 2221 N 24th Street STE 200. Their primary mission is to support the well-being of citizens living in economically disadvantaged areas within Omaha. They aim to achieve this by helping these individuals become economically productive. The organization's activities are geared towards promoting overall welfare in these communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
The Omaha Minority Community Development Fund has achieved an overall score of 87%, reflecting strong performance in accountability and finance. This score is derived solely from their excellent practices in oversight, with a focus on transparent and responsible financial management. The organization boasts a fully independent board with 85% of its members being independent, which enhances its governance quality.
Strengths of the organization include a high program expense ratio of 86.66%, indicating that a significant portion of its resources is directed towards its mission-related activities. Additionally, the organization has shown no material diversion of assets, which signals a commitment to ethical practices. It has also implemented comprehensive policies regarding conflicts of interest and whistleblower protection, further establishing its accountability framework.
However, while the financial metrics are strong, there are no specific mentions of programmatic impact or qualitative assessments of their community initiatives. This could be an area for further exploration to understand the broader effectiveness of their development efforts within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Omaha Minority Community Development Fun legitimate?
Omaha Minority Community Development Fun is a legitimate nonprofit organization registered as a 501(c)(3) entity. Omaha Minority Community Development Fun 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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What is the mission statement of Omaha Minority Community Development Fun?
The Omaha Minority Community Development Fund is committed to promoting the welfare of citizens residing in economically disadvantaged areas. Their mission is to help these individuals become economically productive by supporting various activities. Their goal is to uplift the community and improve its economic situation, thereby providing a better quality of life for its residents. The organization's activities are focused on empowering the community members, providing them with the tools and resources necessary to become self-sufficient. They aim to foster an environment of economic growth and development, ultimately improving the livelihoods of those in economically challenged areas.
Who is the CEO of Omaha Minority Community Development Fun?
Michael Maroney is the President of Omaha Minority Community Development Fun.
What is the revenue of Omaha Minority Community Development Fun?
Omaha Minority Community Development Fun's revenue in 2022 was $16.
Who are the executives of Omaha Minority Community Development Fun and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Omaha Minority Community Development Fun?
Omaha Minority Community Development Fun's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Omaha Minority Community Development Fun
Omaha Minority Community Development Fun is dedicated to supporting activities that enhance the well-being of citizens residing in economically disadvantaged areas in Omaha, Nebraska. Their mission involves helping these individuals become economically productive. By providing necessary assistance, this nonprofit organization aims to uplift the community and foster a sense of self-sufficiency. Their goal is to promote economic growth and improve the overall quality of life for those residing in these areas.
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Impact
October, 2024
The Omaha Minority Community Development Fund significantly impacts economically disadvantaged areas in Omaha by enhancing the economic productivity of its residents. Through various support activities, it addresses the needs of citizens, fostering an environment where individuals can thrive and improve their quality of life. By focusing on community welfare, it helps create opportunities that empower local residents to achieve economic stability, thereby contributing to the overall improvement of their neighborhoods. This initiative plays a crucial role in promoting sustainable growth and self-sufficiency within the community.
This information is meant to be a general summary of Omaha Minority Community Development Fun. 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: $16
- Gross Receipts: $16
Assets and Liabilities:
- Total Assets: $33,225
- Total Liabilities: $0
- Net Assets: $33,225
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Organization Details
Founding Year
1981
Phone
(402) 346-2300Principal Officer
Michael Maroney
Main Address
2221 N 24TH STREET STE 200, OMAHA, NE, 68110
NTEE Category
Code: S31 - Community improvement
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