Oyate Group

Bronx Rising Initiative

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 823644288 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Oyate Group?

Oyate Group is a nonprofit organization based in New York City, specifically at 2183 Third Avenue Apt 901, New York, NY 10035. Their primary mission is to combat poverty by implementing sustainable and holistic solutions that empower underserved communities across the city. This mission is achieved through a three-pronged strategy. During the COVID-19 pandemic, Oyate Group distributed gift cards as an incentive to encourage individuals from homeless shelters and substance abuse prevention clinics to get vaccinated. The organization, known as Bronx Rising Initiative, has a team of 8 dedicated employees working towards their cause.


Official website here: www.oyategroup.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 87%, Three-Star out of Four Star rating

The Oyate Group has received an 87% score from Charity Navigator, reflecting a solid commitment to accountability and finance, leading to a Three-Star rating. Their Accountability & Finance score of 85 indicates a strong focus on financial integrity, with notable strengths such as a majority of independent board members and a robust audit and oversight committee. The organization excels in program expense allocation, with a commendable program expense ratio of 91.37%.

Despite these strengths, some areas could be improved, particularly the fundraising efficiency ratio, which is notably low at $0.002. This suggests that the organization may need to enhance its fundraising strategies to increase revenue. The liabilities to assets ratio of 54.08% also indicates a moderate level of financial risk that may warrant further attention.

On the leadership front, Oyate Group boasts an impressive score of 100 in Leadership & Adaptability, showcasing their commitment to developing leadership within the organization and their ability to adapt to changing circumstances. Overall, while there are some financial aspects that require improvement, the organization demonstrates strong governance and effective program delivery.


This AI summary has been generated from information found on Charity Navigator.

Is Oyate Group legitimate?

Oyate Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oyate Group 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: $181,950
Professional Fundraising Fees: $0
Other Salaries and Wages: $293,474

For more financial information, click here


Official website here: www.oyategroup.org

What is the mission statement of Oyate Group?

The Oyate Group is a nonprofit organization dedicated to alleviating poverty. They achieve this mission through a three-pronged strategy, focusing on creating sustainable and holistic solutions that empower underserved communities across various parts of the city. During the COVID-19 pandemic, the organization distributed gift cards as an incentive for individuals to get vaccinated, targeting areas such as homeless shelters and substance abuse prevention clinics.


Official website here: www.oyategroup.org

Who is the CEO of Oyate Group?

Mr Tomas Ramos is the President/Ceo of Oyate Group. The CEO's salary of Oyate Group is $181,950 and their total compensation is $181,950.


Official website here: www.oyategroup.org

What is the revenue of Oyate Group?

Oyate Group's revenue in 2022 was $1,050,520.


Official website here: www.oyategroup.org

Who are the executives of Oyate Group and what are their salaries?

The average compensation at Oyate Group during 2022 was $59,428. There are 8 employees at Oyate Group.


Here are 3 key members and their salaries (Oyate Group's CEO's salary is $181,950 and their total compensation is $181,950):


Tomas Ramos (President/Ceo)
  • Compensation: $181,950
  • Related: $0
  • Other: $0
Jason Autar (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jimi Olanipekun (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.oyategroup.org

Where can I find the form 990 for Oyate Group?

Oyate Group's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.oyategroup.org

Learn more at the official website: www.oyategroup.org

Mission Statement of Oyate Group

The Oyate Group is a nonprofit organization with a mission to combat poverty in underserved communities across New York City. Their strategy to alleviate poverty is threefold, focusing on creating sustainable and holistic solutions. During the COVID-19 pandemic, the organization took an initiative to incentivize individuals to get vaccinated by distributing gift cards in areas such as homeless shelters and substance abuse prevention clinics.

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Impact




July, 2024

Oyate Group's impact can be seen through its efforts to alleviate poverty in underserved communities across New York City. By creating sustainable and holistic solutions, Oyate Group empowers individuals and families to improve their circumstances. During the COVID-19 pandemic, Oyate Group distributed gift cards in the South Bronx to incentivize individuals to get vaccinated, focusing on areas such as homeless shelters and substance abuse prevention clinics. This initiative not only supported public health efforts but also addressed the underlying issues of poverty and access to resources. Through its three-pronged strategy, Oyate Group is making a tangible difference in the lives of those who need it most.




This information is meant to be a general summary of Oyate Group. 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.

Revenue
$1,050,520 (2022)
Expenses
$1,928,149 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $1,050,520

Assets and Liabilities:

  • Total Assets: $445,717
  • Total Liabilities: $14,891
  • Net Assets: $430,826

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Organization Details

Founding Year

2018

Principal Officer

Mr Tomas Ramos

Main Address

2183 THIRD AVENUE APT 901, NEW YORK, NY, 10035

NTEE Category

Code: O50 - Youth development

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