Overview
What is Native Island Business & Community?
Native Island Business & Community, abbreviated as NIBCAA, is a nonprofit organization situated in Hilton Head Island, South Carolina. The primary mission of this organization is to uplift the economic, social, and living conditions of low-income residents in Hilton Head Island and surrounding communities. Additionally, NIBCAA aims to promote awareness of Hilton Head's indigenous African American community's arts, crafts, and food culture. To achieve these goals, the organization conducts various events, sponsors and organizes initiatives, and provides business opportunities to support the local community. With a team of just two dedicated individuals, NIBCAA plays a significant role in preserving the unique Gullah culture and advocating for the well-being of its community members.
Official website here: www.nibcaa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
Native Island Business & Community has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The organization scored particularly well in key areas, achieving full points for having a majority of independent board members, the size of the independent board, and the absence of material asset diversion, showcasing a strong governance structure.
Furthermore, the nonprofit demonstrated transparency by listing its website on tax forms and providing documented board meeting minutes, both of which contribute positively to its accountability score. The organization's program expense ratio stands at 77.40%, suggesting that a significant portion of its resources is directed towards its programs, which is favorable for its mission effectiveness.
Despite its strengths, the overall score is solely based on the accountability and finance beacon, which may limit the assessment of other operational aspects. While the organization shows good financial health with a liabilities to assets ratio of -0.41%, potential donors might want to consider additional factors such as program impact and community feedback for a comprehensive evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is Native Island Business & Community legitimate?
Native Island Business & Community is a legitimate nonprofit organization registered as a 501(c)(3) entity. Native Island Business & Community 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: $67,472
For more financial information, click here
Official website here: www.nibcaa.org
What is the mission statement of Native Island Business & Community?
The mission of Native Island Business & Community is centered around improving the economic, social, and living conditions of low-income residents in various communities, with a specific focus on raising awareness of the indigenous African American community's arts, crafts, and food culture in Hilton Head. The organization accomplishes this mission by sponsoring, organizing, and conducting various events that preserve the Gullah culture while providing business opportunities to low-income residents in the area. By doing so, Native Island Business & Community aims to contribute to the enrichment and betterment of the local community.
Official website here: www.nibcaa.org
Who is the CEO of Native Island Business & Community?
Eric Turpin is the Chairman of Native Island Business & Community.
Official website here: www.nibcaa.org
What is the revenue of Native Island Business & Community?
Native Island Business & Community's revenue in 2022 was $461,365.
Official website here: www.nibcaa.org
Who are the executives of Native Island Business & Community and what are their salaries?
The average compensation at Native Island Business & Community during 2022 was $33,736. There are 2 employees and 18 volunteers at Native Island Business & Community.
Here are 8 key members and their salaries:
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Official website here: www.nibcaa.org
Where can I find the form 990 for Native Island Business & Community?
Native Island Business & Community's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nibcaa.org
Learn more at the official website: www.nibcaa.org
Mission Statement of Native Island Business & Community
Native Island Business & Community, a mission-driven organization, is committed to enhancing the economic, social, and living conditions of low-income residents in Hilton Head Island and surrounding communities. One of its primary objectives is to raise awareness of the rich arts, crafts, and food culture of Hilton Head's indigenous African American community. To accomplish this, Native Island Business & Community sponsors, organizes, and conducts various events. These events not only help preserve the Gullah culture but also provide business opportunities for low-income residents. Through its initiatives, the organization contributes to the betterment of the local community, fostering a sense of pride and preservation of its unique heritage.
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Impact
July, 2024
Native Island Business & Community has had a significant impact on the economic, social, and living conditions of low-income residents of Hilton Head Island and neighboring communities. By organizing and conducting various events to preserve the Gullah culture and raise awareness of Hilton Head's indigenous African American community's arts, crafts, and food culture, the organization has provided valuable business opportunities to individuals in need. Through its initiatives, Native Island Business & Community has not only supported the preservation of cultural heritage but also contributed to the overall betterment of the community.
This information is meant to be a general summary of Native Island Business & Community. 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: $35
- Program Service Revenue: $62,256
- Gross Receipts: $486,021
Assets and Liabilities:
- Total Assets: $139,811
- Total Liabilities: $0
- Net Assets: $139,811
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GULLAH CELEBRATION
Revenue
$62,106
MISC EVENTS
Revenue
$150
Organization Details
Founding Year
1994
Phone
(842) 255-7303Principal Officer
Eric Turpin
Main Address
PO BOX 23452, HILTON HEAD ISLAND, SC, 29925
Website
www.nibcaa.orgNTEE Category
Code: S30 - Community improvement
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