Overview
What is Oweesta Corporation?
Oweesta Corporation, headquartered in Longmont, Colorado, is a dedicated nonprofit organization. Its primary objective is to foster, promote, and strengthen Native Community Development Financial Institutions (CDFIs). This is achieved through various activities, including conducting local and regional workshops, participating in industry conferences, collaborating with the CDFI Coalition, and offering follow-up assistance, technical support, and training to tribes interested in or establishing a CDFI. The organization's mission is to provide economic aid, loan capital, and training to Native American communities and peoples, contributing to their overall growth and development. With a team of 17 dedicated individuals, Oweesta Corporation plays a significant role in bolstering financial stability and economic progress within Native American communities.
Official website here: www.oweesta.org
What are the reviews and ratings of this charity?
Oweesta Corporation has received an 85% score from Charity Navigator, earning it a Three-Star out of Four Star rating. This rating is primarily composed of Accountability & Finance scores, reflecting the organization's robust financial management and transparency practices. Their independent board and various finance protocols contribute positively to their overall standing.
The organization excels in financial accountability, with perfect scores in audit oversight, board independence, and several critical financial policies such as conflict of interest and whistleblower policies. Notably, they also demonstrate outstanding program expense efficiency at 85.15%. However, the liabilities to assets ratio is a significant limitation, scoring zero, which negatively affects the overall rating.
The Culture & Community score of 87 suggests effective equity strategies, with the implementation of eight equity practices. Unfortunately, the impact measurement is not currently scored, suggesting potential for improvement in showcasing outcomes. While no user reviews are available from GreatNonprofits, the organizational strengths highlight solid governance and financial efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is Oweesta Corporation legitimate?
Oweesta Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oweesta Corporation 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: $439,211
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,401,623
For more financial information, click here
Official website here: www.oweesta.org
What is the mission statement of Oweesta Corporation?
Oweesta Corporation, often referred to as Oweesta, is dedicated to fostering economic growth in Native American communities. They accomplish this by establishing, developing, and capitalizing Community Development Financial Institutions (CDFIs). The primary objective of Oweesta is to support the creation, development, expansion, and strengthening of these CDFIs. Their activities include conducting regional and local CDFI workshops, participating in industry conferences, being part of the CDFI Coalition, and providing follow-up outreach, technical assistance, and training to tribes expressing interest in or in the process of establishing a CDFI.
Official website here: www.oweesta.org
Who is the CEO of Oweesta Corporation?
Florence Ludka is the Chair of Oweesta Corporation.
Official website here: www.oweesta.org
What is the revenue of Oweesta Corporation?
Oweesta Corporation's revenue in 2023 was $11,519,423.
Official website here: www.oweesta.org
Who are the executives of Oweesta Corporation and what are their salaries?
The average compensation at Oweesta Corporation during 2023 was $108,284. There are 17 employees and 6 volunteers at Oweesta Corporation.
Here are 12 key members and their salaries:
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- Compensation: $188,362
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- Other: $14,705
- Compensation: $169,413
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- Other: $14,902
- Compensation: $153,683
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- Other: $11,987
- Compensation: $105,269
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- Other: $13,497
- Compensation: $100,335
- Related: $0
- Other: $13,690
- Compensation: $110,487
- Related: $0
- Other: $4,667
Official website here: www.oweesta.org
Where can I find the form 990 for Oweesta Corporation?
Oweesta Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.oweesta.org
Learn more at the official website: www.oweesta.org
Mission Statement of Oweesta Corporation
Oweesta Corporation, a nonprofit organization, is devoted to providing economic assistance, loan capital, and training to Native tribes, communities, and peoples. Their primary mission is to foster economic growth in Native American communities by establishing, developing, and capitalizing Community Development Financial Institutions (CDFIs). This institution plays a crucial role in organizing regional and local workshops, participating in industry conferences, and being an active member of the CDFI Coalition. Oweesta Corporation also offers follow-up outreach, technical assistance, and training to tribes that have expressed interest in or are in the process of forming a CDFI. By doing so, they aim to strengthen and expand existing CDFIs, ultimately contributing to the economic empowerment of Native American communities.
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Impact
July, 2024
Oweesta Corporation's impact lies in supporting economic growth in Native American communities through the creation, development, and capitalization of Community Development Financial Institutions. By providing economic assistance, loan capital, and training to tribes, communities, and peoples, Oweesta plays a crucial role in helping to create, expand, and strengthen Native community development financial institutions. This support ultimately leads to improved opportunities for economic advancement and self-sufficiency within Native American communities.
This information is meant to be a general summary of Oweesta Corporation. 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: $187,355
- Program Service Revenue: $1,684,340
- Gross Receipts: $11,519,423
Assets and Liabilities:
- Total Assets: $81,341,285
- Total Liabilities: $57,437,951
- Net Assets: $23,903,334
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN PORTFOLIO INCOME
Revenue
$1,149,746
PROGRAM SERVICE FEES
Revenue
$534,594
Organization Details
Founding Year
1999
Phone
(303) 774-8838Principal Officer
Florence Ludka
Main Address
2432 MAIN STREET 1ST FLOOR, LONGMONT, CO, 80501
Website
www.oweesta.orgNTEE Category
Code: S20 - Community improvement
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