Overview
What is Emory Beacon Of Light Inc?
Emory Beacon of Light Inc, located at 6100 Georgia Avenue, Washington DC 20011, is a nonprofit organization dedicated to uplifting its community. Their primary mission is to boost the economic and social vitality of their neighborhood. To accomplish this, they receive grants from local authorities and provide technical assistance to small businesses in the Brightwood area of Ward 4. The organization also takes responsibility for cleaning certain sections of Georgia Avenue. With a team of 20 employees, Emory Beacon of Light Inc strives to contribute positively to the community's well-being and development.
Official website here: www.emorybol.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star Rating
Emory Beacon Of Light Inc has received a low score of 58%, resulting in a One-Star rating from Charity Navigator. This rating reflects concerns primarily in the Accountability & Finance category, which indicates significant room for improvement in financial transparency and management practices. The overall score is derived solely from the Accountability & Finance score, emphasizing the importance of these factors for the organization.
Despite the low overall score, the organization demonstrates strengths in governance, with a fully independent board consisting of ten members. This governance structure is crucial for maintaining ethical standards and avoiding conflicts of interest, as evidenced by the organization receiving full points in those areas. Additionally, a substantial portion of its expenses is directed towards its programs, with a program expense ratio of 76.78%.
However, the charity faces notable limitations, particularly in financial reporting and policy documentation. The absence of key financial statements and missing policies such as a whistleblower policy and a document retention policy negatively impacted its score. These gaps suggest a lack of transparency and could raise concerns among potential donors about the management of funds and organizational practices.
This AI summary has been generated from information found on Charity Navigator.
Is Emory Beacon Of Light Inc legitimate?
Emory Beacon Of Light Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Emory Beacon Of Light 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: $370,176
For more financial information, click here
Official website here: www.emorybol.org
What is the mission statement of Emory Beacon Of Light Inc?
Emory Beacon of Light Inc is committed to enhancing the economic and social vitality of its community. To achieve this, the organization provides a variety of services. Specifically, it received grants to offer technical assistance to small businesses and clean certain sections of a local avenue. This initiative aims to contribute positively to the neighborhood's overall well-being and prosperity.
Official website here: www.emorybol.org
Who is the CEO of Emory Beacon Of Light Inc?
Hazel Broadnax is the Executive Di of Emory Beacon Of Light Inc.
Official website here: www.emorybol.org
What is the revenue of Emory Beacon Of Light Inc?
Emory Beacon Of Light Inc's revenue in 2022 was $737,539.
Official website here: www.emorybol.org
Who are the executives of Emory Beacon Of Light Inc and what are their salaries?
The average compensation at Emory Beacon Of Light Inc during 2022 was $18,509. There are 20 employees at Emory Beacon Of Light Inc.
Here are 11 key members and their salaries:
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Official website here: www.emorybol.org
Where can I find the form 990 for Emory Beacon Of Light Inc?
Emory Beacon Of Light Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.emorybol.org
Learn more at the official website: www.emorybol.org
Mission Statement of Emory Beacon Of Light Inc
Emory Beacon of Light Inc is a nonprofit organization committed to enhancing the economic and social vitality of its community. Their mission, as stated, is to provide a variety of services aimed at uplifting the neighborhood. By offering assistance, this organization seeks to foster an environment that encourages growth and development within the community.
Emory Beacon of Light Inc receives grants to support its initiatives. Specifically, they provide technical assistance to small businesses in the Brightwood area of Ward 4 and undertake clean-up projects along sections of Georgia Avenue. Through these efforts, the organization aims to contribute to the overall well-being of the community, fostering a sense of prosperity and progress. By investing in local businesses and improving public spaces, Emory Beacon of Light Inc works towards a more vibrant and thriving community.
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Impact
July, 2024
Emory Beacon Of Light Inc's impact is felt through the enhancement of economic and social vitality in the neighborhood. They provide a range of services that support and uplift the community, including offering technical assistance to small businesses in the Brightwood area of Ward 4. Additionally, they contribute to the cleanliness and maintenance of sections of Georgia Avenue. Emory Beacon Of Light Inc plays a crucial role in community improvement by diligently working towards the betterment of the neighborhood in Washington, DC.
This information is meant to be a general summary of Emory Beacon Of Light 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: $295,124
- Gross Receipts: $737,539
Assets and Liabilities:
- Total Assets: $5,993,987
- Total Liabilities: $4,462,056
- Net Assets: $1,531,931
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$160,025
DEVELOPERS FEE
Revenue
$108,072
FOOD PANTRY
Revenue
$27,027
Organization Details
Founding Year
1997
Phone
(202) 829-5732Principal Officer
Hazel Broadnax
Main Address
6100 GEORGIA AVENUE, WASHINGTON, DC, 20011
Website
www.emorybol.orgNTEE Category
Code: S31 - Community improvement
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