Overview
What is Acdivoca?
Acdivoca is a Washington, D.C.-based nonprofit organization with a mission to improve economic conditions and promote social inclusion. They focus on connecting people and businesses through inclusive market systems, aiming to increase incomes, create jobs, and expand opportunities. Acdivoca facilitates private-sector partnerships, supports entrepreneurship and workforce development, and works towards an improved business-enabling environment. Their team consists of 186 employees dedicated to achieving better lives for people and communities.
Official website here: www.acdivoca.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81%, Three-Star out of Four Star rating.
Acdivoca has received a solid Three-Star rating, indicating a commendable level of accountability and financial health. The organization scored 81% overall, with its entire score derived from the Accountability & Finance category, which reflects strong governance practices and transparency in operations. The charity boasts a high percentage of independent board members and has established solid policies regarding conflict of interest, whistleblower protection, and document retention.
Particularly notable is Acdivoca's program expense ratio of 78.09%, suggesting that a significant portion of its expenditures is directed toward its programs rather than administrative costs. This efficiency is a positive indicator of the charity's commitment to its mission. Additionally, the absence of material diversion of assets further underscores the integrity of its financial management.
While the organization has robust financial practices, potential donors may still want to consider how these scores translate into the impact of its programs. The rating highlights strengths in governance but does not provide specific information on program outcomes or community impact, which can be important factors for evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is Acdivoca legitimate?
Acdivoca is a legitimate nonprofit organization registered as a 501(c)(3) entity. Acdivoca 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: $2,859,104
Professional Fundraising Fees: $0
Other Salaries and Wages: $32,168,999
For more financial information, click here
Official website here: www.acdivoca.org
What is the mission statement of Acdivoca?
Acdivoca strives to enhance the lives of individuals and communities by promoting economic growth and social inclusion. Through their inclusive market systems approach, they aim to improve conditions and incentives for markets to function effectively for the disadvantaged and marginalized. They facilitate private-sector partnerships, support entrepreneurship and workforce development, and foster an improved business-enabling environment. Their mission is to create opportunities and expand income sources, thereby contributing to better livelihoods for all.
Official website here: www.acdivoca.org
Who is the CEO of Acdivoca?
Sylvia Megret is the CEO of Acdivoca The CEO's salary of Acdivoca is $407,469 and their total compensation is $482,437.
Official website here: www.acdivoca.org
What is the revenue of Acdivoca?
Acdivoca's revenue in 2023 was $133,356,290.
Official website here: www.acdivoca.org
Who are the executives of Acdivoca and what are their salaries?
The average compensation at Acdivoca during 2023 was $173,406. There are 202 employees and 37 volunteers at Acdivoca.
Here are 27 key members and their salaries (Acdivoca's CEO's salary is $407,469 and their total compensation is $482,437):
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- Compensation: $407,469
- Related: $0
- Other: $74,968
- Compensation: $258,475
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- Other: $43,453
- Compensation: $270,136
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- Other: $69,526
- Compensation: $279,095
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- Other: $41,903
- Compensation: $274,783
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- Other: $60,839
- Compensation: $233,876
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- Other: $39,850
- Compensation: $232,149
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- Other: $36,971
- Compensation: $250,462
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- Other: $50,529
- Compensation: $198,331
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- Other: $36,289
- Compensation: $324,434
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- Other: $60,026
- Compensation: $288,461
- Related: $0
- Other: $588
- Compensation: $274,988
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- Other: $41,144
- Compensation: $250,323
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- Other: $47,753
- Compensation: $249,360
- Related: $0
- Other: $37,389
Official website here: www.acdivoca.org
Where can I find the form 990 for Acdivoca?
Acdivoca's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.acdivoca.org
Learn more at the official website: www.acdivoca.org
Mission Statement of Acdivoca
Acdivoca, a nonprofit organization, strives to improve lives and communities by enhancing economic prosperity and fostering social inclusion. In simple terms, Acdivoca aims to create better living conditions for individuals and communities by increasing income levels and providing opportunities for growth.
Through their inclusive market systems approach, Acdivoca facilitates the connection between people and businesses. This connection leads to improved economic conditions and incentives for markets to function better for the disadvantaged populations. Acdivoca's efforts focus on private-sector partnerships, the support of entrepreneurship and workforce development, and enhancing the business-enabling environment. By doing so, Acdivoca enables economically disadvantaged communities to thrive and reduces the gap between the haves and have-nots.
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Impact
October, 2024
Acdivoca significantly enhances the economic prosperity and social inclusion of individuals and communities, primarily by fostering inclusive market systems that amplify opportunities for the poor and marginalized. By connecting people and businesses, Acdivoca facilitates economic growth, which leads to higher incomes and the creation of jobs.
The organization focuses on improving market conditions and incentives, ensuring that the benefits of economic activity reach those who are often left behind. It supports private-sector partnerships to strengthen local economies, and promotes entrepreneurship and workforce development, equipping individuals with the skills and resources necessary for success.
Acdivoca's efforts contribute to a more vibrant and equitable business-enabling environment, transforming communities and empowering individuals to achieve better lives through increased economic participation. Through its initiatives, Acdivoca plays a crucial role in addressing the barriers to prosperity and fostering a more inclusive future on an international scale.
This information is meant to be a general summary of Acdivoca. 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 2023.
- Investment Income: $583,890
- Gross Receipts: $133,356,290
Assets and Liabilities:
- Total Assets: $72,966,481
- Total Liabilities: $50,709,061
- Net Assets: $22,257,420
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Organization Details
Founding Year
1963
Principal Officer
Sylvia J Megret
Website
www.acdivoca.orgNTEE Category
Code: Q310 - International
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