Overview
What is May Coalition Inc?
May Coalition Inc, based in Spruce Pine, North Carolina, is a nonprofit organization with a single employee. Their primary mission is to generate high-quality employment opportunities for unemployed and underemployed residents in Mitchell, Avery, and Yancey Counties, North Carolina. They achieve this by granting low-interest loans to businesses that provide permanent, non-seasonal jobs. This initiative aims to stimulate economic growth and improve livelihoods in the specified areas.
Official website here: www.maycoalition.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
May Coalition Inc has received a high score of 97%, demonstrating strong accountability and financial management. The organization boasts a perfect score for its independent board members, with 100% of its board being independent, and maintains a healthy liabilities to assets ratio of 38.47%. Additionally, the charity has established comprehensive policies related to conflicts of interest, whistleblower protections, and document retention, which enhances its transparency and governance.
The charity's program expense ratio is also impressive at 92.54%, indicating that the majority of its expenses are directed towards its programs rather than administrative costs. This focus on programmatic spending highlights the organization's commitment to fulfilling its mission effectively and efficiently.
Overall, the combination of a highly independent board, robust financial practices, and a strong focus on program delivery positions May Coalition Inc as a well-managed nonprofit. The organization appears to be on solid footing, with no noted issues regarding material diversion of assets, reflecting a trustworthy and accountable approach to its operations.
This AI summary has been generated from information found on Charity Navigator.
Is May Coalition Inc legitimate?
May Coalition Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. May Coalition 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: $92,266
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.maycoalition.org
What is the mission statement of May Coalition Inc?
The mission of May Coalition Inc. is centered around creating high-quality employment opportunities for the unemployed and underemployed residents in three specific counties in North Carolina. This mission is carried out by providing low-interest loans to various businesses that commit to offering permanent, non-seasonal jobs. The organization aims to contribute to the local economy by boosting employment prospects, thereby enhancing the overall livelihood of the community.
Official website here: www.maycoalition.org
Who is the CEO of May Coalition Inc?
Eron Thiele is the President of May Coalition Inc.
Official website here: www.maycoalition.org
What is the revenue of May Coalition Inc?
May Coalition Inc's revenue in 2022 was $153,387.
Official website here: www.maycoalition.org
Who are the executives of May Coalition Inc and what are their salaries?
The average compensation at May Coalition Inc during 2022 was $92,266. There is 1 employee at May Coalition Inc.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $83,145
- Related: $0
- Other: $9,121
Official website here: www.maycoalition.org
Where can I find the form 990 for May Coalition Inc?
May Coalition Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.maycoalition.org
Learn more at the official website: www.maycoalition.org
Mission Statement of May Coalition Inc
May Coalition Inc is an organization dedicated to creating high-quality employment opportunities for the unemployed and underemployed residents of Mitchell, Avery, and Yancey Counties in North Carolina. Their mission is to facilitate this by offering low-interest loans to various businesses that provide permanent, non-seasonal jobs. By providing these financial resources, May Coalition Inc aims to stimulate economic growth and job creation within the community, ultimately improving the livelihoods of its residents.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
May Coalition Inc has a significant impact on the local economy by focusing on high-quality employment opportunities for unemployed and underemployed residents in Mitchell, Avery, and Yancey counties in North Carolina. By facilitating low-interest loans to businesses, the organization fosters the creation of permanent, non-seasonal jobs, which directly supports community growth and stability.
This initiative not only helps individuals secure stable employment but also bolsters local businesses by providing them with the financial support needed to expand and hire. As a result, the coalition contributes to reducing unemployment rates in these counties, enhancing the overall quality of life for residents. The emphasis on sustainable job creation ensures that the economic benefits are long-lasting, empowering individuals and families and strengthening the regional community as a whole.
This information is meant to be a general summary of May Coalition 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.
- Investment Income: $803
- Program Service Revenue: $152,584
- Gross Receipts: $153,387
Assets and Liabilities:
- Total Assets: $3,164,935
- Total Liabilities: $1,218,181
- Net Assets: $1,946,754
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$152,584
Organization Details
Founding Year
1991
Phone
(828) 765-8880Principal Officer
Eron Thiele
Main Address
PO BOX 704, SPRUCE PINE, NC, 28777
Website
www.maycoalition.orgNTEE Category
Code: J200 - Employment
If you are a representative of May Coalition Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.