Overview
What is Progress Okc Cdc?
Progress Okc Cdc is a nonprofit organization situated in Oklahoma City, Oklahoma, specifically at 105 N Hudson Avenue Ste 101. Their primary mission is to foster employment, housing, and economic development in underprivileged and neglected communities within Oklahoma City. They achieve this by providing technical assistance, coaching, and expertise to underserved and minority-owned businesses. This assistance encompasses networking opportunities, industry advice, business planning, technological tools, and culturally competent business skills training. To date, the organization has interacted with over 100 businesses and has helped 30 complete their Accelerator Program. Progress Okc Cdc is actively seeking funding to expand its program offerings and reach out to even more businesses in the future, aiming to contribute positively to the social and economic well-being of Oklahoma City's underserved communities.
Official website here: www.progressokc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
Progress Okc Cdc has received a solid rating of 83%, reflecting its strong accountability and financial health. With a perfect score for having a fully independent board and no material diversion of assets, the organization demonstrates a commitment to governance and proper management of resources. The high program expense ratio of 97.39% indicates that most of its resources are allocated directly to its mission-driven programs.
Despite its strengths, there are notable areas for improvement, particularly regarding policy documentation. The absence of a whistleblower policy and a document retention and destruction policy has impacted its overall accountability score. While these omissions do not detract from its operational effectiveness, addressing these gaps could enhance transparency and trust among stakeholders.
Overall, Progress Okc Cdc is positioned well within its sector, with strengths in governance and financial management. Enhancing its policy framework could further solidify its commitment to best practices in nonprofit management.
This AI summary has been generated from information found on Charity Navigator.
Is Progress Okc Cdc legitimate?
Progress Okc Cdc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Progress Okc Cdc 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:
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For more financial information, click here
Official website here: www.progressokc.org
What is the mission statement of Progress Okc Cdc?
The mission of this organization, referred to as Progress Okc Cdc, is centered around promoting employment, housing, and economic development in underserved and disinvested communities. Their objective is to enhance and preserve the social and economic fabric of these communities by engaging in programs and partnerships. Specifically, they focus on areas such as housing stability, economic mobility, improving the quality of life, and education. Their initiatives include providing technical assistance and coaching for underserved businesses, offering networking opportunities, industry advice, business planning, and culturally competent business skills training. To date, they have had over 100 contacts with small and minority-owned businesses and 30 businesses have completed their Accelerator Program. The organization is currently working on securing funding to expand its program offerings to reach and assist more businesses in the future.
Official website here: www.progressokc.org
What is the revenue of Progress Okc Cdc?
Progress Okc Cdc's revenue in 2023 was $170,539.
Official website here: www.progressokc.org
Who are the executives of Progress Okc Cdc and what are their salaries?
There 7 volunteers at Progress Okc Cdc.
Here are 9 key members and their salaries:
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Official website here: www.progressokc.org
Where can I find the form 990 for Progress Okc Cdc?
Progress Okc Cdc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.progressokc.org
Learn more at the official website: www.progressokc.org
Mission Statement of Progress Okc Cdc
Progress Okc Cdc, a nonprofit organization, is committed to enhancing employment, housing, and economic development in underserved and disinvested communities throughout Oklahoma City. Their mission is to fortify and preserve the social and economic fabric of these communities by engaging in programs and partnerships focused on housing stability, economic mobility, quality of place, and education.
To achieve this mission, Progress Okc Cdc offers specialized assistance to small and minority-owned businesses. They provide technical assistance and coaching, which includes networking opportunities, industry advice, business planning, and culturally competent business skills training. This program, which has already made contact with over 100 businesses and helped 30 complete their Accelerator Program, is designed to boost inclusive growth and strengthen these businesses. Progress Okc Cdc is currently working on securing additional funding to expand the program's reach, aiming to help many more businesses in the future.
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Impact
October, 2024
Progress OKC CDC has a significant impact on underserved and disinvested communities throughout Oklahoma City by promoting employment, housing, and economic development. It accelerates inclusive growth and strengthens small businesses through targeted initiatives that provide technical assistance and coaching.
The organization’s entrepreneurship and small business programs have already engaged over 100 small and minority-owned businesses, successfully guiding 30 of these through a comprehensive Accelerator Program. By offering networking opportunities, industry advice, and business planning support from vetted experts, Progress OKC equips local entrepreneurs with essential tools and culturally competent training necessary for success.
Furthermore, the commitment to expanding its program offerings reflects a strategic approach to increasing outreach and effectiveness in 2023 and beyond. By focusing on housing stability, economic mobility, quality of place, and education, Progress OKC CDC strengthens and preserves the social and economic fabric of Oklahoma City's underserved communities, fostering a more equitable landscape for all residents.
This information is meant to be a general summary of Progress Okc Cdc. 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: $1,849
- Program Service Revenue: $35,709
- Gross Receipts: $170,539
Assets and Liabilities:
- Total Assets: $966,030
- Total Liabilities: $230,061
- Net Assets: $735,969
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Community Svc Facility
Revenue
$34,630
Accelerator Fees
Revenue
$1,079
Organization Details
Founding Year
2015
Principal Officer
Kenton Tsoodle
Website
www.progressokc.orgNTEE Category
Code: S30 - Community improvement
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