Overview
What is South Carolina Association For Community Economic Development?
The South Carolina Association for Community Economic Development (SCACED) is a nonprofit organization based in Charleston, South Carolina. Their mission is to enhance the quality of life for low-income families and communities by promoting community economic development and influencing public policy in South Carolina. They achieve this by offering technical assistance, training, access to capital, and relationship connections to various organizations such as nonprofits, local government branches, and other entities. A notable program is the Community Development Institute, which provides training to 150 attendees, and the Opportunity SC 2022 in Greenville, SC, attended by over 300 individuals. Additionally, SCACED has trained 68 community members as broadband champions, leading to the approval of $11 million in broadband projects in nine rural counties. With a team of 11 dedicated professionals, SCACED strives to foster growth and development within South Carolina's communities.
Official website here: www.scaced.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Stars)
The South Carolina Association For Community Economic Development holds a strong Four-Star rating from Charity Navigator, reflecting an impressive overall score of 93%. This high rating indicates a commitment to accountability and financial health, with specific strengths in areas such as board independence, effective financial oversight, and a lack of material asset diversion. The organization has successfully implemented robust governance policies, showcasing transparency through the availability of critical documentation like meeting minutes and conflict of interest policies.
Key strengths include a program expense ratio of 85.93%, meaning that a significant portion of funds is directed toward its programs rather than administrative costs. Furthermore, the organization exhibits exemplary fundraising efficiency, spending just $0.02 to raise a dollar. These metrics underline the nonprofit's effective use of resources and commitment to maximizing its impact in the community.
However, the organization does face some limitations, most notably indicated by a working capital ratio of 0.42 years, which suggests a potential challenge in short-term financial stability. While the majority of its financial metrics are strong, this aspect may warrant attention to ensure continued operational resilience. Overall, the South Carolina Association For Community Economic Development demonstrates a solid performance in financial management and governance.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about South Carolina Association For Community Economic Development?
It appears that the South Carolina Association For Community Economic Development has received some early attention on Facebook, although it currently holds no formal rating due to the limited number of reviews. From the available commentary, it's clear that there is a strong sense of approval among the users who engaged with the nonprofit.
One reviewer highlighted the organization's focus on empowering the community, indicating that the services provided have a positive impact. This sentiment suggests that there is a commitment to enhancing local economic development and community engagement.
Overall, while the sample size is small, the enthusiasm expressed by reviewers reflects a promising outlook for the nonprofit's initiatives in fostering community growth and support.
This AI summary has been generated from reviews found on Facebook.
Is South Carolina Association For Community Economic Development legitimate?
South Carolina Association For Community Economic Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Carolina Association For Community Economic Development 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: $742,347
For more financial information, click here
Official website here: www.scaced.org
What is the mission statement of South Carolina Association For Community Economic Development?
The South Carolina Association for Community Economic Development, through its network of members and partner organizations, works towards improving the quality of life for low-income families and communities by advancing community economic development and public policy in South Carolina. Their mission is to advance the community economic development industry, aiming to support nonprofits, local government branches, and other organizations by providing technical assistance, training, access to capital, and relationship connections. They carry out this mission through programs such as the Community Development Institute, Opportunity SC, and broadband community champion training, which have resulted in significant broadband projects in rural areas.
Official website here: www.scaced.org
Who is the CEO of South Carolina Association For Community Economic Development?
Bernett Mazyck is the President & Ceo of South Carolina Association For Community Economic Development. The CEO's salary of South Carolina Association For Community Economic Development is $145,000 and their total compensation is $145,000.
Official website here: www.scaced.org
What is the revenue of South Carolina Association For Community Economic Development?
South Carolina Association For Community Economic Development's revenue in 2022 was $4,077,635.
Official website here: www.scaced.org
Who are the executives of South Carolina Association For Community Economic Development and what are their salaries?
The average compensation at South Carolina Association For Community Economic Development during 2022 was $67,486. There are 11 employees and 14 volunteers at South Carolina Association For Community Economic Development.
Here are 16 key members and their salaries (South Carolina Association For Community Economic Development's CEO's salary is $145,000 and their total compensation is $145,000):
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Official website here: www.scaced.org
Where can I find the form 990 for South Carolina Association For Community Economic Development?
South Carolina Association For Community Economic Development's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.scaced.org
Learn more at the official website: www.scaced.org
Mission Statement of South Carolina Association For Community Economic Development
The South Carolina Association for Community Economic Development, often referred to as SCACED, is a network that aims to enhance the living conditions of low-income families and communities across South Carolina. Their mission lies in fostering community economic development and influencing public policy. By leveraging their extensive network of member organizations and partnerships, SCACED strives to advance the community economic development industry in South Carolina.
In pursuit of this goal, SCACED provides various resources to organizations within their network. These resources include technical assistance, training sessions, access to capital, and relationship connections. By doing so, they aim to strengthen and empower nonprofits, local government branches, and other organizations that share their mission.
One of the ways SCACED fulfills its mission is through their Community Development Institute, which offers training opportunities for approximately 150 attendees each year. Additionally, they played a significant role in the Opportunity SC 2022 event in Greenville, SC, where over 300 individuals participated. Furthermore, 68 community members were trained as Broadband Community Champions, which led to the approval of $11,000,000 worth of broadband projects in nine rural counties. These initiatives demonstrate SCACED's commitment to empowering communities and driving economic development across South Carolina.
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Impact
July, 2024
South Carolina Association For Community Economic Development works to improve the quality of life for low-wealth families and communities in South Carolina by advancing community economic development and public policy. Their impact is seen through various programs and initiatives such as the Community Development Institute, Opportunity SC 2022, and training community members as broadband champions. This has resulted in significant outcomes, including the approval of $11,000,000 in broadband projects in 9 rural counties. By building the capacity of organizations, local government branches, and other partners through technical assistance, training, and access to capital, SCACED is making a tangible difference in community improvement efforts across the state.
This information is meant to be a general summary of South Carolina Association For Community Economic Development. 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: $2,932
- Program Service Revenue: $238,020
- Gross Receipts: $4,077,635
Assets and Liabilities:
- Total Assets: $1,521,554
- Total Liabilities: $641,824
- Net Assets: $879,730
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANNUAL CONFERENCE
Revenue
$120,270
CONTRACT INCOME
Revenue
$117,750
Organization Details
Founding Year
1995
Phone
(843) 579-9855Principal Officer
Bernett Mazyck
Main Address
PO BOX 20577, CHARLESTON, SC, 29413
Website
www.scaced.orgNTEE Category
Code: S31 - Community improvement
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