Overview
What is Ccat Inc?
Ccat Inc is a nonprofit organization situated in Martinsville, Virginia. Their primary mission is to stimulate economic growth in the area by providing affordable office and warehouse space at the Commonwealth Crossing Business Centre. By doing so, they aim to attract new businesses and create job opportunities within the city. The organization operates with the goal of boosting Martinsville's local economy and fostering a thriving business environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Ccat Inc holds a respectable Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization scored particularly well in governance, achieving a perfect score for major metrics such as the independence of board members and the presence of essential policies like conflict of interest and whistleblower protocols. This suggests a strong commitment to ethical governance.
However, the organization faced challenges in its financial health, particularly noted by a significant liabilities to assets ratio of 101.85%, which raised concerns about financial sustainability. Despite this, the charity demonstrated excellent utilization of its funds, as indicated by a program expense ratio of 100%, meaning all expenditures were directed towards its programs.
Overall, while Ccat Inc has a commendable rating in terms of accountability, its financial structure poses potential risks that stakeholders may want to consider. The organization’s strong governance practices provide a solid foundation, yet attention to improving financial health will be crucial for long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Ccat Inc legitimate?
Ccat Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ccat 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: $0
For more financial information, click here
What is the mission statement of Ccat Inc?
Ccat Inc, as an organization, is committed to attracting new businesses and creating job opportunities. They achieve this goal by offering affordable office and warehouse space in the Commonwealth Crossing Business Centre. By doing so, the organization aims to stimulate economic growth and development, potentially fostering a prosperous business environment. The organization's purpose is primarily focused on promoting business expansion and employment opportunities.
Who is the CEO of Ccat Inc?
Mark Heath is the President of Ccat Inc.
What is the revenue of Ccat Inc?
Ccat Inc's revenue in 2023 was $104,700.
Who are the executives of Ccat Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $268,417
- Other: $52,259
- Compensation: $0
- Related: $118,571
- Other: $14,359
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ccat Inc?
Ccat Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Ccat Inc
Ccat Inc, a nonprofit organization, is dedicated to attracting new businesses and job opportunities to various locations. To achieve this, Ccat Inc provides affordable office and warehouse space within the Commonwealth Crossing Business Centre. By offering affordable and suitable business facilities, the organization aims to entice entrepreneurs and businesses to establish their operations in the area, thereby stimulating economic growth and generating employment opportunities. This mission is a crucial step towards boosting the local economy and improving the overall business environment.
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Impact
October, 2024
Ccat Inc plays a crucial role in fostering economic growth in Martinsville, VA, by attracting new businesses and jobs to the region. By providing affordable office and warehouse space in the Commonwealth Crossing Business Centre, the organization creates an inviting environment for startups and established companies alike. This not only enhances local employment opportunities but also stimulates the economy, encouraging investment and development within the community. Ccat Inc's efforts contribute to revitalizing Martinsville, making it an appealing destination for businesses looking to expand or relocate. Through its mission, Ccat Inc helps build a stronger, more resilient economic future for the area.
This information is meant to be a general summary of Ccat 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.
- Program Service Revenue: $104,700
- Gross Receipts: $104,700
Assets and Liabilities:
- Total Assets: $12,586,084
- Total Liabilities: $12,819,378
- Net Assets: -$233,294
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACILITY LEASE
Revenue
$59,900
INFRASTRUCTURE LEASE
Revenue
$44,800
Organization Details
Founding Year
2017
Phone
(276) 403-5940Principal Officer
Mark Heath
Main Address
191 FAYETTE ST THIRD FLOOR, MARTINSVILLE, VA, 24114
NTEE Category
Code: P20 - Human services
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