Overview
What is Omaha Bridges Out Of Poverty Inc?
Omaha Bridges Out of Poverty Inc is a nonprofit organization situated in Omaha, Nebraska. Their primary mission is to empower under-resourced individuals and families, aiding them in overcoming the challenges that hinder their success. The nonprofit implements the "Getting Ahead in a Just-Gettin'-By World" program, which has demonstrated a 75% success rate in 300 U.S. communities. This program assists individuals in lifting themselves out of poverty, resulting in notable improvements in various aspects of their lives. Specifically, post-graduation assessments indicate a positive change in 15 different stability factors, an average increase in monthly net income of $1,500, and a decrease in debt-to-income ratio by 57%. With a team of 42 dedicated employees, Omaha Bridges Out of Poverty Inc serves as a beacon of hope and transformation for underprivileged individuals and families in the community.
Official website here: www.omabop.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star Rating
Omaha Bridges Out Of Poverty Inc has received a 58% rating from Charity Navigator, reflecting significant areas for improvement in its accountability and financial practices. While the organization benefits from a majority independent board and scores well in areas like program expense ratio (85.80%), it falls short in critical documentation and transparency aspects, such as the absence of financial statements and a whistleblower policy.
The organization has demonstrated commitment to governance with 90% of its board members being independent. However, the lack of essential policies and documentation, including missing tax forms on its website, contributes to its low accountability score. This raises concerns about its overall transparency and operational integrity.
Despite its strong program expense ratio indicating a good portion of funds directed towards programs, the liabilities to assets ratio of 104.57% suggests potential financial instability. This combination of strengths and weaknesses highlights the need for Omaha Bridges Out Of Poverty Inc to enhance its financial reporting and governance practices to improve its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Omaha Bridges Out Of Poverty Inc legitimate?
Omaha Bridges Out Of Poverty Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Omaha Bridges Out Of Poverty 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: $36,458
Professional Fundraising Fees: $0
Other Salaries and Wages: $663,413
For more financial information, click here
Official website here: www.omabop.org
What is the mission statement of Omaha Bridges Out Of Poverty Inc?
Omaha Bridges Out of Poverty Inc is an organization dedicated to empowering under-resourced individuals and families. Their mission is to aid these individuals in discovering and overcoming barriers to success, enabling them to significantly improve their lives. The organization utilizes the "Getting Ahead in a Just-Gettin'-By World" program, which has a 75% success rate in 300 U.S. communities. This program has led to a 90% graduation rate, resulting in positive changes across 15 stability factors for participants. Graduates of the program typically experience an average monthly income increase of $1,500 and a decrease in their debt-to-income ratio by 57%.
Official website here: www.omabop.org
Who is the CEO of Omaha Bridges Out Of Poverty Inc?
Roger Howard is the CEO of Omaha Bridges Out Of Poverty Inc The CEO's salary of Omaha Bridges Out Of Poverty Inc is $0 and their total compensation is $0.
Official website here: www.omabop.org
What is the revenue of Omaha Bridges Out Of Poverty Inc?
Omaha Bridges Out Of Poverty Inc's revenue in 2023 was $1,155,995.
Official website here: www.omabop.org
Who are the executives of Omaha Bridges Out Of Poverty Inc and what are their salaries?
The average compensation at Omaha Bridges Out Of Poverty Inc during 2023 was $14,891. There are 47 employees and 40 volunteers at Omaha Bridges Out Of Poverty Inc.
Here are 13 key members and their salaries (Omaha Bridges Out Of Poverty Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.omabop.org
Where can I find the form 990 for Omaha Bridges Out Of Poverty Inc?
Omaha Bridges Out Of Poverty Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.omabop.org
Learn more at the official website: www.omabop.org
Mission Statement of Omaha Bridges Out Of Poverty Inc
Omaha Bridges Out of Poverty Inc, a nonprofit organization, is committed to empowering under-resourced individuals and families to transform their lives. By identifying and overcoming barriers to success, this organization aims to help these individuals achieve self-sufficiency. The organization employs the "Getting Ahead in a Just-Gettin'-By World" program, a widely used method in 300 U.S. communities, with a remarkable 75% success rate. Their dedication to this program has resulted in a 90% graduation rate, indicating a significant positive change in various aspects of a 15-factor stability scale for their graduates. Furthermore, the average net income for graduates has improved by $1,500 per month, and their debt-to-income ratio has decreased by an average of 57%.
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Impact
July, 2024
Omaha Bridges Out Of Poverty Inc's impact is significant in empowering under-resourced individuals to change their lives by discovering and overcoming barriers to success. Their "Getting Ahead in a Just Getting-By World" program, utilized in 300 U.S. communities with a 75% success rate, has a notable 90% graduation rate. Post-graduation assessments reveal positive changes in all areas of a 15-factor stability scale. Graduates have seen significant improvements in their net income, with an average increase of $1,500 per month, and a decrease in their debt to income ratio by an average of 57%. This organization in Omaha, Nebraska, is making a tangible difference in the lives of those they serve, fostering sustainable pathways out of poverty for individuals and families.
This information is meant to be a general summary of Omaha Bridges Out Of Poverty 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 2023.
- Gross Receipts: $1,155,995
Assets and Liabilities:
- Total Assets: $218,367
- Total Liabilities: $0
- Net Assets: $218,367
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Organization Details
Founding Year
2016
Principal Officer
Marcus Bell
Website
www.omabop.orgNTEE Category
Code: P11 - Human services
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