Overview
What is Partners For Self Employment Inc?
Partners For Self Employment Inc, based in Miami, Florida, is a nonprofit organization situated at 3000 Biscayne Blvd. Their main goal is to enhance the financial well-being of low to moderate income individuals and businesses in South Florida. They achieve this by offering comprehensive business and financial literacy training, alongside opportunities for borrowing and saving. The organization's mission is to serve as a reliable and responsible provider of these services, aiming to make a positive impact on the lives of those in their community, with a workforce of just two dedicated individuals.
Official website here: www.partnersforselfemployment.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating) from Charity Navigator.
Partners For Self Employment Inc demonstrates a strong commitment to accountability and financial transparency, reflected in its impressive four-star rating. The charity's score is based entirely on its accountability and finance practices, showcasing a dedication to maintaining high standards in these areas. With an independent board composed fully of independent members and a robust oversight committee, the organization exemplifies good governance.
Financially, the nonprofit shows a solid program expense ratio of over 81%, indicating that a significant portion of its resources is directed towards fulfilling its mission. Additionally, the organization has been proactive in implementing policies such as conflict of interest, whistleblower protections, and document retention, which contribute to its overall integrity and operational effectiveness.
While the rating highlights many strengths, the summary does not address any specific limitations or areas for improvement. Overall, Partners For Self Employment Inc is positioned as a responsible and effective charity, making it a reliable choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Partners For Self Employment Inc legitimate?
Partners For Self Employment Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Partners For Self Employment 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: $122,138
For more financial information, click here
Official website here: www.partnersforselfemployment.org
What is the mission statement of Partners For Self Employment Inc?
Partners For Self Employment Inc's mission is centered around enhancing the financial well-being of individuals and businesses with modest incomes. They accomplish this by offering business and financial literacy training and creating opportunities for borrowing and saving. The organization strives to be an affordable provider of these services, demonstrating financial responsibility and prudence with the funds entrusted to them.
Official website here: www.partnersforselfemployment.org
Who is the CEO of Partners For Self Employment Inc?
Maria Coto is the Executive Director of Partners For Self Employment Inc.
Official website here: www.partnersforselfemployment.org
What is the revenue of Partners For Self Employment Inc?
Partners For Self Employment Inc's revenue in 2022 was $2,388,147.
Official website here: www.partnersforselfemployment.org
Who are the executives of Partners For Self Employment Inc and what are their salaries?
The average compensation at Partners For Self Employment Inc during 2022 was $61,069. There are 2 employees at Partners For Self Employment Inc.
Here are 6 key members and their salaries:
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Official website here: www.partnersforselfemployment.org
Where can I find the form 990 for Partners For Self Employment Inc?
Partners For Self Employment Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.partnersforselfemployment.org
Learn more at the official website: www.partnersforselfemployment.org
Mission Statement of Partners For Self Employment Inc
Partners For Self Employment Inc is a dedicated organization with a mission to enhance the financial well-being of low to moderate income individuals and businesses in South Florida. They accomplish this mission through two primary means: providing comprehensive business and financial literacy training, and offering opportunities for borrowing and saving. The organization is committed to being a cost-effective provider of these services, ensuring that the funds it manages are used responsibly and effectively. By offering these resources, Partners For Self Employment Inc strives to empower its constituents to improve their financial situations and become more financially stable.
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Impact
July, 2024
Partners For Self Employment Inc has made a significant impact in promoting the financial well-being of low to moderate income individuals and businesses in South Florida. Through its business and financial literacy training programs, the organization has empowered individuals to gain the knowledge and skills necessary to improve their financial situations.
One of the key initiatives of Partners For Self Employment Inc is its lending program, which provides micro business loans to residents of Miami-Dade and South Broward County. By offering access to capital, the organization has helped aspiring entrepreneurs and small business owners to launch or expand their businesses, ultimately contributing to the economic growth of the region.
Additionally, Partners For Self Employment Inc's focus on providing opportunities to borrow and save has enabled individuals to achieve financial stability and security. Through its cost-effective financial and training services, the organization has become a trusted resource for those seeking to enhance their financial literacy and improve their economic prospects.
Overall, Partners For Self Employment Inc's commitment to promoting financial well-being and entrepreneurship among low to moderate income individuals has had a positive and tangible impact on the community, creating opportunities for employment and economic empowerment.
This information is meant to be a general summary of Partners For Self Employment 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.
- Gross Receipts: $2,388,147
Assets and Liabilities:
- Total Assets: $6,468,111
- Total Liabilities: $485,637
- Net Assets: $5,982,474
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Organization Details
Founding Year
1993
Phone
(305) 438-1407Principal Officer
Maria Coto
Main Address
3000 Biscayne Blvd, Miami, FL, 33137
NTEE Category
Code: J22Z - Employment
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