Overview
What is Omicelo Cares Inc?
Omicelo Cares Inc is a nonprofit organization situated in Pittsburgh, Pennsylvania. Their primary focus is to educate individuals in low-to-moderate income neighborhoods about real estate and business principles, aiming to empower them financially. In 2022, they successfully educated 40 participants and offered assistance to minority and woman-owned businesses. Their mission is to help local community members in these income brackets acquire financial assets, expand their businesses, and boost their income levels.
Official website here: www.omicelocares.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Stars
Omicelo Cares Inc has received a rating of "Needs Improvement" with an overall score of 74%. The organization demonstrates strong accountability and financial practices, evidenced by 100% independent board members and no reported material diversion of assets. However, while it excels in several areas, such as financial statement reviews and maintaining a low liabilities to assets ratio, the organization lacks in key governance policies.
The limitations noted in the data include a missing whistleblower policy and a document retention and destruction policy, which could indicate potential vulnerabilities in organizational governance. Furthermore, the nonprofit has not made its tax form available on its website, which is a requirement for transparency. While the program expense ratio is reasonable at 58.62%, there is room for improvement in how programmatic spending is reported.
Overall, while Omicelo Cares Inc shows a commitment to strong governance and financial oversight, addressing the gaps in its policies and enhancing transparency could help improve its rating and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Omicelo Cares Inc legitimate?
Omicelo Cares Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Omicelo Cares 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $204,405
For more financial information, click here
Official website here: www.omicelocares.org
What is the mission statement of Omicelo Cares Inc?
Omicelo Cares Inc's mission is centered around empowering individuals residing in low to moderate income neighborhoods. Their primary goal is to co-power these community members by aiding them in acquiring financial assets, expanding their businesses, and boosting their income levels. To achieve this, Omicelo Cares Inc provides education on real estate and business principles. In 2022, they successfully educated 40 participants and offered services to minority and woman-owned businesses as well.
Official website here: www.omicelocares.org
Who is the CEO of Omicelo Cares Inc?
Jason D Flowers is the Executive Director of Omicelo Cares Inc.
Official website here: www.omicelocares.org
What is the revenue of Omicelo Cares Inc?
Omicelo Cares Inc's revenue in 2022 was $582,509.
Official website here: www.omicelocares.org
Who are the executives of Omicelo Cares Inc and what are their salaries?
The average compensation at Omicelo Cares Inc during 2022 was $51,101. There are 4 employees at Omicelo Cares Inc.
Here are 9 key members and their salaries:
- Compensation: $93,690
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Official website here: www.omicelocares.org
Where can I find the form 990 for Omicelo Cares Inc?
Omicelo Cares Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.omicelocares.org
Learn more at the official website: www.omicelocares.org
Mission Statement of Omicelo Cares Inc
Omicelo Cares Inc, a nonprofit organization, is committed to empowering individuals residing in low to moderate income neighborhoods. Their mission is to co-power these community members, providing them with the tools necessary to own financial assets, grow their businesses, and increase their income levels. The primary way Omicelo Cares achieves this is through offering education in real estate and business principles. In 2022, they educated 40 participants and also provided services to minority and woman-owned businesses. By doing so, Omicelo Cares helps uplift the economic prospects of the communities it serves.
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Impact
July, 2024
Omicelo Cares Inc is making a significant impact by providing real estate and business principles education to individuals in low to moderate income neighborhoods. In 2022, they educated 40 participants and provided valuable services to minority and woman-owned businesses in Pittsburgh, PA. Their mission is to empower existing community members in these neighborhoods to own financial assets, grow their businesses, and increase their incomes. Through their efforts, Omicelo Cares Inc is helping to uplift and strengthen communities by providing essential education and support in the realms of real estate and business.
This information is meant to be a general summary of Omicelo Cares 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.
- Program Service Revenue: $25,366
- Gross Receipts: $582,509
Assets and Liabilities:
- Total Assets: $1,006,512
- Total Liabilities: $21,715
- Net Assets: $984,797
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REAL ESTATE AND BUSINESS PRINCIPLES EDUCATION
Revenue
$25,366
Organization Details
Founding Year
2015
Phone
(412) 265-6210Principal Officer
Jason D Flowers
Main Address
1435 BEDFORD AVENUE, PITTSBURGH, PA, 15219
Website
www.omicelocares.orgNTEE Category
Code: O53 - Youth development
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