Overview
What is Greater Dallas Asian American Chamber Of Commerce Eco Dev & Educ?
The Greater Dallas Asian American Chamber of Commerce Eco Dev & Educ, also known as MEED Center, is a nonprofit organization situated in Dallas, Texas. Their primary mission is to aid low to moderate income individuals by providing entrepreneurial support, business development education, and job training. They have executed two entrepreneur boot camps to assist aspiring entrepreneurs in starting their businesses and offered seed money as a kickstart. The organization also conducts financial workshops for new immigrants and refugees, offering basic financial guidance. In addition, MEED Center offers English as a Second Language (ESL) classes to help improve language skills. To engage the community and raise funds, they organize 'Taste of Culture' events. During the COVID-19 pandemic, they played a crucial role in providing free vaccinations to the low-income population living in the Vickery Meadows area, who lacked the means to access public vaccination centers.
Official website here: www.meedcenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 63%)
The Greater Dallas Asian American Chamber of Commerce Eco Dev & Educ has received a Two-Star rating from Charity Navigator due to its overall score of 63%. This rating indicates that the organization faces significant challenges in areas of accountability and finance. While it demonstrates strong program expense management with a 70.42% program expense ratio, it lacks independent board members, which raises concerns about governance.
Strengths include the absence of material diversion of assets, a positive liability to assets ratio of 0.00%, and the presence of key governance policies like a conflict of interest policy. However, the organization has notable weaknesses, such as missing whistleblower and document retention policies, and it has not posted its tax form on its website, which would enhance transparency.
Overall, while the organization is effectively utilizing its resources towards its mission, its governance issues and the absence of independent oversight represent critical areas for improvement. Addressing these shortcomings could help enhance its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Dallas Asian American Chamber Of Commerce Eco Dev & Educ legitimate?
Greater Dallas Asian American Chamber Of Commerce Eco Dev & Educ is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Dallas Asian American Chamber Of Commerce Eco Dev & Educ 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: $12,600
For more financial information, click here
Official website here: www.meedcenter.org
What is the mission statement of Greater Dallas Asian American Chamber Of Commerce Eco Dev & Educ?
The Greater Dallas Asian American Chamber Of Commerce Eco Dev & Educ is committed to assisting low-income individuals by providing them with entrepreneurial support, business development education, and job training. Their mission is conveyed through various activities, including conducting entrepreneur boot camps, offering seed money, organizing financial workshops, providing English as a Second Language (ESL) classes, and raising funds through events like 'Taste of Culture'. Additionally, they offer free Covid-19 vaccinations to underprivileged populations who may not have access to public vaccination centers.
Official website here: www.meedcenter.org
What is the revenue of Greater Dallas Asian American Chamber Of Commerce Eco Dev & Educ?
Greater Dallas Asian American Chamber Of Commerce Eco Dev & Educ's revenue in 2023 was $551.
Official website here: www.meedcenter.org
Who are the executives of Greater Dallas Asian American Chamber Of Commerce Eco Dev & Educ and what are their salaries?
There 7 volunteers at Greater Dallas Asian American Chamber Of Commerce Eco Dev & Educ.
Here are 7 key members and their salaries:
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Official website here: www.meedcenter.org
Where can I find the form 990 for Greater Dallas Asian American Chamber Of Commerce Eco Dev & Educ?
Greater Dallas Asian American Chamber Of Commerce Eco Dev & Educ's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.meedcenter.org
Learn more at the official website: www.meedcenter.org
Mission Statement of Greater Dallas Asian American Chamber Of Commerce Eco Dev & Educ
The Greater Dallas Asian American Chamber Of Commerce Eco Dev & Educ is committed to assisting individuals from low to moderate income backgrounds. Their mission encompasses providing entrepreneurial support, business development education, and job training. This nonprofit organization works diligently to empower these individuals, helping them to establish and grow their businesses. They offer various resources, such as small business entrepreneur boot camps, seed money, and basic financial workshops. Additionally, Greater Dallas Asian American Chamber Of Commerce Eco Dev & Educ extends its reach to new immigrants and refugees by offering English as a Second Language (ESL) classes. In an effort to foster community engagement and support, they organize 'Taste of Culture' events and fundraising initiatives. During the COVID-19 pandemic, they took an active role in providing free vaccinations to the low-income population in the Vickery Meadows area, who may not have had easy access to public vaccination centers.
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Impact
August, 2024
The impact of the Greater Dallas Asian American Chamber Of Commerce Eco Dev & Educ includes assisting low to moderate-income individuals with entrepreneurial support, business development education, and job training. This has been achieved through initiatives such as conducting Small Business Entrepreneur Boot Camps to help aspiring entrepreneurs start up their businesses, offering seed money to support new ventures, organizing basic financial workshops for new immigrants and refugees, providing ESL classes, and hosting fundraising events like the 'Taste of Culture'.
Additionally, the organization played a vital role in providing free Covid-19 vaccinations in the Vickery Meadows area for the low-income population who may not have had access to public vaccination centers. Through these efforts, the chamber has made a significant impact in empowering individuals from diverse backgrounds to pursue their entrepreneurial dreams and gain valuable skills for economic advancement.
This information is meant to be a general summary of Greater Dallas Asian American Chamber Of Commerce Eco Dev & Educ. 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 2023.
- Investment Income: $40
- Program Service Revenue: $36,824
- Gross Receipts: $551
Assets and Liabilities:
- Total Assets: $86,118
- Total Liabilities: $0
- Net Assets: $86,118
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Professional and Management Development Training
Educational Development
Revenue
$36,824
Organization Details
Founding Year
1999
Principal Officer
Vinod Mathur
Website
www.meedcenter.orgNTEE Category
Code: T70 - Philanthropy
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