Overview
What is Aspire Community Capital?
Aspire Community Capital is a dedicated nonprofit organization located in Charlotte, North Carolina (28215). Their primary mission is to significantly impact lives and communities by fostering business ownership. They accomplish this through a variety of programs, including the Community Business Academy (CBA), a 12-week training course for aspiring entrepreneurs covering essential topics like bookkeeping and marketing. Graduates of the CBA can then join the Business Accelerator Services (BAS), a 90-day program offering personalized coaching and group sessions to further develop their businesses. For entrepreneurs in the conceptual stage or facing business structure challenges, Aspire provides the Business Readiness Program (BRP), a 6-week curriculum. Additionally, Aspire offers ongoing support for all their programs to ensure continued education, training, and business development. To cater specifically to the creative entrepreneurial sector, they also deliver the CBA program through Charlotte Is Creative.
Official website here: www.aspirecommunitycapital.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89%, Three-Star out of Four Stars
Aspire Community Capital has received a solid Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance as well as its positive culture and community engagement. With an overall score of 89%, the organization demonstrates a commitment to transparency and effective governance, evidenced by a perfect score for having an independent board and comprehensive oversight through financial audits.
The nonprofit excels in its financial health, boasting a program expense ratio of 66.62%, indicating that a significant portion of its funds is directed toward its programs. Additionally, it has scored exceptionally well in constituent feedback, achieving a perfect score in feedback collection, usage, and practices. This suggests that Aspire Community Capital actively engages with its community and incorporates their input into its operations.
However, while the organization shows strengths in many areas, its score in equity policies and processes could improve, as it achieved 4 out of 7 points in that category. This reflects a potential area for growth in ensuring equitable practices within the organization. Overall, Aspire Community Capital demonstrates a strong commitment to its mission and community engagement, making it a reputable choice for donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Aspire Community Capital legitimate?
Aspire Community Capital is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aspire Community Capital 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: $96,058
Professional Fundraising Fees: $0
Other Salaries and Wages: $26,017
For more financial information, click here
Official website here: www.aspirecommunitycapital.org
What is the mission statement of Aspire Community Capital?
Aspire Community Capital's mission is centered around transforming lives and communities through the avenue of business ownership. They achieve this goal by offering various programs designed to equip entrepreneurs with the necessary skills and resources. The Community Business Academy, for instance, provides 12 weeks of business training, covering topics like bookkeeping and marketing. The Business Accelerator Services is a 90-day program for graduates of the CBA, offering 1:1 coaching and group masterminding sessions. The Business Readiness Program, a 6-week curriculum, supports startups in the conceptual stage and existing businesses with a high-level overview of business. Aspire Community Capital also offers programmatic support for continued education, training, and business development. This mission is further extended to creative entrepreneurs enrolled with Charlotte Is Creative, receiving programmatic support for the CBA program.
Official website here: www.aspirecommunitycapital.org
Who is the CEO of Aspire Community Capital?
Manuel Campbell is the Ceo of Aspire Community Capital. The CEO's salary of Aspire Community Capital is $96,058 and their total compensation is $96,058.
Official website here: www.aspirecommunitycapital.org
What is the revenue of Aspire Community Capital?
Aspire Community Capital's revenue in 2022 was $877,582.
Official website here: www.aspirecommunitycapital.org
Who are the executives of Aspire Community Capital and what are their salaries?
The average compensation at Aspire Community Capital during 2022 was $40,692. There are 3 employees and 17 volunteers at Aspire Community Capital.
Here are 18 key members and their salaries (Aspire Community Capital's CEO's salary is $96,058 and their total compensation is $96,058):
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Official website here: www.aspirecommunitycapital.org
Where can I find the form 990 for Aspire Community Capital?
Aspire Community Capital's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aspirecommunitycapital.org
Learn more at the official website: www.aspirecommunitycapital.org
Mission Statement of Aspire Community Capital
Aspire Community Capital is dedicated to radically transforming lives and communities through the power of business ownership. Their mission is to serve as a catalyst for change, providing entrepreneurs with the necessary tools and resources to start and grow their businesses. This is accomplished through various programs, each designed to address different stages of business development.
The Community Business Academy (CBA) is a 12-week training program that equips entrepreneurs with essential skills, including bookkeeping, marketing, and insurance. This comprehensive training enables them to confidently navigate the challenges of starting and growing a business.
For those who have graduated from the CBA, Aspire offers the Business Accelerator Services (BAS). This 90-day program provides 1:1 coaching and group masterminding sessions, offering personalized guidance and support to help entrepreneurs take their businesses to the next level.
Aspire also offers the Business Readiness Program (BRP), a 6-week curriculum that supports startups in the conceptual stage and existing businesses with high-level overviews of business structure. This program addresses the gaps, risks, and fundamental business structure deficiencies experienced by startups and entrepreneurial businesses, ensuring they have a strong foundation for success.
In addition to these programs, Aspire provides programmatic support for continued education, training, and business development. This ongoing support ensures that entrepreneurs have the resources they need to continue growing and thriving.
In summary, Aspire Community Capital is committed to radically transforming lives and communities through business ownership. They offer a range of programs, including the Community Business Academy, Business Accelerator Services, and the Business Readiness Program, to equip entrepreneurs with the skills and resources they need to succeed. Their programmatic support ensures that this transformation is continuous and sustainable.
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Impact
July, 2024
Aspire Community Capital is radically transforming lives and communities through business ownership. Through programs like the Community Business Academy, Business Accelerator Services, and Business Readiness Program, Aspire provides essential business training, coaching, and support to entrepreneurs seeking to start and grow their businesses. By addressing gaps, risks, and fundamental business structure deficiencies, Aspire equips individuals with the tools and knowledge needed to succeed in the entrepreneurial world. With a mission focused on empowering individuals through education and training, Aspire's impact extends beyond just business ownership, touching the lives of individuals and communities in a meaningful way.
This information is meant to be a general summary of Aspire Community Capital. 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: $24,150
- Gross Receipts: $877,582
Assets and Liabilities:
- Total Assets: $763,616
- Total Liabilities: $141,500
- Net Assets: $622,116
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Revenue
Revenue
$24,150
Organization Details
Founding Year
2016
Phone
(704) 777-1122Principal Officer
Manuel Campbell
Main Address
5825 E WT Harris Blvd 215, Charlotte, NC, 28215
NTEE Category
Code: B99 - Education
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