Overview
What is African Community Economic Development Of New England?
African Community Economic Development of New England, based in Boston, Massachusetts, is a nonprofit organization with a mission to support primarily East African refugee and immigrant families. Their comprehensive offerings include after-school and enrichment programs, summer learning academies, college readiness and access, family support services, parent literacy programs, financial literacy classes, teen employment opportunities during both summer and the school year, small business development initiatives, a first-time home buying program, and civic engagement and leadership workshops. Their primary focus is to provide educational support and promote economic development within their community.
Official website here: www.acedone.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The African Community Economic Development of New England has received a two-star rating from Charity Navigator, indicating a need for improvement in certain operational areas. With an overall score of 73%, the organization demonstrates solid program expense efficiency, allocating 81.75% of its budget directly to programs. However, its governance issues, such as having no independent board members, raise concerns about accountability and oversight.
Strengths include a perfect score for financial audits and a strong liabilities to assets ratio, suggesting sound financial health. The organization has also established key policies related to conflict of interest and asset diversion, reflecting some compliance with best practices. Nevertheless, the absence of a whistleblower policy, document retention guidelines, and the failure to post tax forms on its website highlight significant gaps in transparency and governance.
Overall, while the African Community Economic Development of New England shows a commitment to its mission through effective program spending, it must address its governance shortcomings to improve its accountability and public trust. These changes are essential for enhancing its credibility and ensuring long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is African Community Economic Development Of New England legitimate?
African Community Economic Development Of New England is a legitimate nonprofit organization registered as a 501(c)(3) entity. African Community Economic Development Of New England 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: $113,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $472,045
For more financial information, click here
Official website here: www.acedone.org
What is the mission statement of African Community Economic Development Of New England?
African Community Economic Development Of New England's mission is centered around supporting East African refugee and immigrant families. This support encompasses both educational and economic developments. The organization provides resources to aid in academic progress and summer learning, focusing on college readiness and access. Additionally, they offer family support services, parent literacy programs, financial literacy classes, and opportunities for teen employment during both summer and school years. Furthermore, they facilitate small business development and a first-time home buying program. The organization also encourages civic engagement and leadership within the community.
Official website here: www.acedone.org
Who is the CEO of African Community Economic Development Of New England?
Abdulkadir Hussein is the Executive Director of African Community Economic Development Of New England.
Official website here: www.acedone.org
What is the revenue of African Community Economic Development Of New England?
African Community Economic Development Of New England's revenue in 2022 was $2,056,732.
Official website here: www.acedone.org
Who are the executives of African Community Economic Development Of New England and what are their salaries?
The average compensation at African Community Economic Development Of New England during 2022 was $18,897. There are 31 employees at African Community Economic Development Of New England.
Here are 5 key members and their salaries:
- Compensation: $113,750
- Related: $0
- Other: $0
- Compensation: $65,935
- Related: $0
- Other: $0
- Compensation: $56,875
- Related: $0
- Other: $0
- Compensation: $49,128
- Related: $0
- Other: $0
- Compensation: $47,917
- Related: $0
- Other: $0
Official website here: www.acedone.org
Where can I find the form 990 for African Community Economic Development Of New England?
African Community Economic Development Of New England's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.acedone.org
Learn more at the official website: www.acedone.org
Mission Statement of African Community Economic Development Of New England
African Community Economic Development of New England, often abbreviated as ACE DENE, is a nonprofit organization dedicated to supporting primarily East African refugee and immigrant families. Their mission is multifaceted, focusing on both educational and economic development.
In the educational sphere, ACE DENE offers after-school and enrichment programs, summer learning academies, and college readiness and access services. These initiatives aim to equip children from these families with the necessary skills and knowledge to excel in their academic pursuits. Additionally, they provide family support services and parent literacy programs, ensuring that the entire family unit is involved in the educational journey.
Economically, ACE DENE supports its community through financial literacy programs, teen employment opportunities during both the summer and school year, and small business development. They also offer a first-time home buying program, helping individuals from these families gain a stable footing in the housing market. Furthermore, ACE DENE encourages civic engagement and leadership among its members, fostering a sense of community and empowerment.
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Impact
July, 2024
African Community Economic Development Of New England's impact is evident in its dedicated support for African refugee and immigrant families, primarily from East Africa, in the Boston area. By providing a variety of services such as educational support, economic development opportunities, after-school programs, college readiness initiatives, parental and financial literacy programs, teen employment opportunities, small business development assistance, first-time home buying programs, and civic engagement and leadership programs, the organization is positively impacting the lives of individuals and families within the community. Through these efforts, African Community Economic Development Of New England is empowering and supporting African families to thrive and succeed in their new environment.
This information is meant to be a general summary of African Community Economic Development Of New England. 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.
- Gross Receipts: $2,056,732
Assets and Liabilities:
- Total Assets: $117,339
- Total Liabilities: $10,000
- Net Assets: $107,339
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Organization Details
Founding Year
2002
Phone
(617) 412-6845Principal Officer
Abdulkadir Hussein
Main Address
89 South Street, Boston, MA, 02111
Website
www.acedone.orgNTEE Category
Code: P84 - Human services
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