Overview
What is Central City Economic Opportunity Corporation?
Central City Economic Opportunity Corporation is a nonprofit organization situated in New Orleans, Louisiana. Established with the mission to promote economic opportunity, enhance education, and foster community welfare, they offer a range of services. These include educational programs, social aid, parent involvement initiatives, medical care, dental services, nutrition support, and mental health assistance. They also provide appropriate support services to the families of their participants. Their Head Start/Daycare services catered to around 35 disadvantaged children during the year ending December 31, 2022. The organization operates with a dedicated workforce of 35 individuals.
Official website here: www.cceocno.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Central City Economic Opportunity Corporation holds an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization achieved a perfect score in several key areas, indicating robust management practices and a focus on responsible financial stewardship. Most notably, it boasts a high program expense ratio, ensuring that a significant portion of its funds directly supports its mission.
Strengths of the organization include an entirely independent board, effective financial audits, and a comprehensive set of policies that promote transparency and ethical governance. The presence of a whistleblower policy and a conflict of interest policy further underscores its commitment to accountability. Additionally, the organization maintains strong financial health, with a low liabilities-to-assets ratio, which enhances its credibility and operational stability.
While the evaluation highlights numerous strengths, it's important to note that the assessment is primarily based on financial metrics. There may be other qualitative aspects of the charity's operations and impact that are not captured in the rating. However, the available data indicates that Central City Economic Opportunity Corporation is a well-managed organization with a strong track record of fiscal responsibility.
This AI summary has been generated from information found on Charity Navigator.
Is Central City Economic Opportunity Corporation legitimate?
Central City Economic Opportunity Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central City Economic Opportunity 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: $71,165
Professional Fundraising Fees: $0
Other Salaries and Wages: $593,674
For more financial information, click here
Official website here: www.cceocno.org
What is the mission statement of Central City Economic Opportunity Corporation?
The Central City Economic Opportunity Corporation's mission is centered around promoting economic opportunities for individuals in need. This organization also focuses on enhancing the education and welfare of the community. In response to specific challenges faced by the community, they establish special interest groups to address these issues effectively.
Official website here: www.cceocno.org
Who is the CEO of Central City Economic Opportunity Corporation?
Same As C Above is the Principal Officer of Central City Economic Opportunity Corporation.
Official website here: www.cceocno.org
What is the revenue of Central City Economic Opportunity Corporation?
Central City Economic Opportunity Corporation's revenue in 2022 was $2,017,338.
Official website here: www.cceocno.org
Who are the executives of Central City Economic Opportunity Corporation and what are their salaries?
The average compensation at Central City Economic Opportunity Corporation during 2022 was $18,995. There are 35 employees at Central City Economic Opportunity Corporation.
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Official website here: www.cceocno.org
Where can I find the form 990 for Central City Economic Opportunity Corporation?
Central City Economic Opportunity Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cceocno.org
Learn more at the official website: www.cceocno.org
Mission Statement of Central City Economic Opportunity Corporation
Central City Economic Opportunity Corporation, a nonprofit organization, is committed to promoting and fostering economic opportunities for individuals who are in need of such growth. Its mission extends beyond just economic development; it also aims to enhance the education and welfare of the community as a whole. Recognizing the unique challenges that certain communities face, Central City Economic Opportunity Corporation forms special interest groups to tackle these specific issues.
In essence, the organization's primary objective is to uplift individuals by offering them the resources and support necessary to improve their economic standing. By doing so, it contributes to the betterment of the community as a whole. Central City Economic Opportunity Corporation's approach is multifaceted, involving the provision of various services, including educational programs, social assistance, and mental health support. It offers Head Start/Daycare services to disadvantaged children, ensuring that their early years are filled with learning opportunities and nurturing care. The organization's wide-ranging approach to community development aims to address the needs of its participants and their families, ultimately working towards a more prosperous and well-rounded community.
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Impact
July, 2024
Central City Economic Opportunity Corporation has made a significant impact by promoting and developing economic opportunities for those in need in the community of New Orleans. They provide essential services such as education, social services, healthcare, and mental health support to participants and their families, with a focus on disadvantaged children through their Head Start/Daycare program. By addressing the economic and educational needs of the community and offering vital support services, Central City Economic Opportunity Corporation plays a crucial role in improving the overall welfare and well-being of the individuals they serve.
This information is meant to be a general summary of Central City Economic Opportunity 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 2022.
- Gross Receipts: $2,017,338
Assets and Liabilities:
- Total Assets: $2,035,520
- Total Liabilities: $862,345
- Net Assets: $1,173,175
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Organization Details
Founding Year
1968
Phone
(504) 524-3484Principal Officer
Same As C Above
Main Address
2020 Jackson Ave, New Orleans, LA, 70113
Website
www.cceocno.orgNTEE Category
Code: P280 - Human services
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