Overview
What is Bmore Empowered Inc?
Bmore Empowered Inc is a nonprofit organization situated in Baltimore, Maryland, with a mission to empower girls and women of color. They offer administrative and accounting support to local nonprofit projects and organizations through fiscal sponsorship and management. This service allows projects to receive tax-deductible donations using Bmore Empowered's 501(c)(3) tax-exempt status. The organization also runs a three-week summer camp for girls aged 9-17, providing a safe and nurturing environment while fostering self-esteem, sisterhood, mindfulness, entrepreneurship, and various life skills. Additionally, Bmore Empowered offers a six-month incubator program for ten Baltimore-based black women business owners, providing mentorship, collaboration opportunities, financial education, business start-up procedures, and a nominal participation fee. At the end of the program, each participant receives working capital to support their business operations. Bmore Empowered's work is based in Baltimore, Maryland, and aims to provide essential tools for personal and professional growth to girls and women of color in the community. The organization has a total of two employees.
Official website here: www.bmoreempowered.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64% (Two-Star out of Four Star rating)
Bmore Empowered Inc has received a Two-Star rating from Charity Navigator, indicating some challenges in its overall accountability and financial health. The organization scores particularly well in cultural and community aspects, achieving a perfect score of 100 in that area. This suggests a strong focus on community engagement and social equity, which may resonate positively with supporters and beneficiaries.
Strengths of Bmore Empowered Inc include a fully independent board and a robust set of policies in place, including conflict of interest and whistleblower policies, which enhance transparency and governance. Their performance in collecting and utilizing feedback is also commendable, indicating a commitment to continuous improvement and responsiveness to community needs.
However, the organization faces limitations in its financial management, particularly reflected in its program expense ratio, which is relatively low at 51.10%. This suggests that a significant portion of its funds may not be directed towards its programs, which could impact effectiveness and sustainability. Overall, while Bmore Empowered Inc demonstrates strong community values and governance practices, its financial performance presents areas for potential growth and improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Bmore Empowered Inc legitimate?
Bmore Empowered Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bmore Empowered 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: $43,462
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.bmoreempowered.com
What is the mission statement of Bmore Empowered Inc?
Bmore Empowered Inc is committed to empowering girls and women of color. They accomplish this mission through various initiatives. One of their programs is a summer camp that offers a nurturing environment for girls aged 9-17, empowering them through self-esteem exercises, sisterhood, mindfulness activities, entrepreneurship, nature appreciation, STEM, field trips, and real-life experiences. Another initiative is the Women in Business Cohort, a 6-month incubator program for 10 black women business owners. This program provides mentoring, collaboration, financial education, lifestyle guidance, business start-up procedures, and a nominal fee to attend, with participants receiving working capital to support their business operations at the end of the program. Ultimately, Bmore Empowered Inc aims to provide the tools necessary for empowerment and growth among girls and women of color.
Official website here: www.bmoreempowered.com
Who is the CEO of Bmore Empowered Inc?
Kieta Iriarte-Amin is the Treasurer of Bmore Empowered Inc.
Official website here: www.bmoreempowered.com
What is the revenue of Bmore Empowered Inc?
Bmore Empowered Inc's revenue in 2022 was $1,313,686.
Official website here: www.bmoreempowered.com
Who are the executives of Bmore Empowered Inc and what are their salaries?
The average compensation at Bmore Empowered Inc during 2022 was $21,731. There are 2 employees and 11 volunteers at Bmore Empowered Inc.
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- Compensation: $43,462
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Official website here: www.bmoreempowered.com
Where can I find the form 990 for Bmore Empowered Inc?
Bmore Empowered Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bmoreempowered.com
Learn more at the official website: www.bmoreempowered.com
Mission Statement of Bmore Empowered Inc
Bmore Empowered Inc, a nonprofit organization, is dedicated to empowering girls and women of color. Their primary mission is to provide these individuals with the necessary tools to enhance their self-confidence, foster sisterhood, and develop essential life skills. Through various programs, Bmore Empowered Inc strives to uplift and empower its beneficiaries.
One of the key initiatives of Bmore Empowered Inc is its Girls Empowerment Summer Camp. This three-week program, designed for girls aged 9-17, offers a nurturing environment where girls can explore their self-esteem, engage in mindfulness activities, and gain entrepreneurial skills. The camp also encourages nature appreciation, STEM education, and field trips, providing real-life experiences and opportunities to build friendships.
In addition to the summer camp, Bmore Empowered Inc offers a Women's Business Cohort, an incubator program for ten Black woman business owners based in Baltimore. This six-month program provides one-on-one mentoring, collaboration opportunities, financial education, and business start-up procedures. Participants receive working capital to support their business operations after completing the program, which includes sessions on self-care, mindfulness, and lifestyle guidance. This comprehensive approach aims to empower and equip these women with the necessary tools to succeed in their entrepreneurial endeavors.
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Impact
July, 2024
Bmore Empowered Inc's impact is significant in providing girls and women of color with tools of empowerment. Through initiatives such as the Girls Empowerment Summer Camp and the Women's Business Cohort, they offer opportunities for personal growth, skill-building, mentorship, and community support. By fostering self-esteem, sisterhood, mindfulness, entrepreneurship, and other valuable skills, Bmore Empowered Inc is making a positive difference in the lives of girls and women in Baltimore and the surrounding areas.
This information is meant to be a general summary of Bmore Empowered 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 2022.
- Program Service Revenue: $7,411
- Gross Receipts: $1,313,686
Assets and Liabilities:
- Total Assets: $495,852
- Total Liabilities: $20,476
- Net Assets: $475,376
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION FEES
Revenue
$7,411
Organization Details
Founding Year
2018
Phone
(443) 325-4309Principal Officer
Kieta Iriarte-Amin
Main Address
636 N GILMORE STREET, BALTIMORE, MD, 21217
Website
www.bmoreempowered.comNTEE Category
Code: O50 - Youth development
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