Overview
What is Livelihood Nw?
Livelihood Nw is a nonprofit organization located in Portland, Oregon. With a client base primarily consisting of low-to-moderate income individuals based on the median family income in the area, their mission is to promote business sustainability and growth for historically underserved entrepreneurs within local communities. They offer exceptional business development support services, encouraging lifelong learning, empowerment, and positive economic impact. Livelihood Nw serves a diverse clientele, with over 74% being minority-owned businesses and 70% women-owned. Their services are available in English and Spanish, and they have a history of providing support in various languages through translation partners. Livelihood Nw employs 12 individuals.
Official website here: www.livelihoodnw.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two Stars, 73%)
Livelihood NW has received a Two-Star out of Four Star rating from Charity Navigator, indicating that while the organization shows some strengths, there are significant areas needing attention. The overall score of 73% reflects a commitment to good practices, particularly with a fully independent board and an impressive program expense ratio of 98.7%, which suggests that a large majority of the funds are directed toward its mission-related activities.
However, the rating highlights several critical deficiencies. The organization lacks essential financial statements, which severely impacted its score in the Accountability and Finance category. Additionally, key governance policies, such as a whistleblower policy and a document retention policy, are missing, suggesting a need for improved operational transparency and accountability.
Despite these challenges, the organization does have robust policies in place for conflict of interest and has documented board meeting minutes, indicating some level of governance. Overall, Livelihood NW shows potential but must address these governance and financial reporting gaps to enhance its credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Livelihood Nw?
100% of 8 reviewers on Facebook recommend Livelihood NW. Here is a summary of their reviews:
The users express enthusiasm and satisfaction with the nonprofit's classes, highlighting the quality of the instruction. One review notes their eagerness to return for the following class, indicating a positive experience overall.
Overall, the sentiment towards Livelihood NW is highly favorable, suggesting that the organization effectively delivers valuable services to its participants.
This AI summary has been generated from reviews found on Facebook.
Is Livelihood Nw legitimate?
Livelihood Nw is a legitimate nonprofit organization registered as a 501(c)(3) entity. Livelihood Nw 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: $123,495
Professional Fundraising Fees: $0
Other Salaries and Wages: $394,195
For more financial information, click here
Official website here: www.livelihoodnw.org
What is the mission statement of Livelihood Nw?
Livelihood Nw's mission is centered around fostering business sustainability and growth for historically under-served entrepreneurs within local communities. They achieve this by providing exceptional business development support services, which promote lifelong learning, empowerment, and positive economic impact. Their primary client base consists of low-to-moderate income entrepreneurs, with a significant number being minority and women-owned small businesses. Livelihood Nw's services are offered in English and Spanish, and they have a history of providing support in various languages through translation partners.
Official website here: www.livelihoodnw.org
Who is the CEO of Livelihood Nw?
Lara Damon is the Executive Di of Livelihood Nw.
Official website here: www.livelihoodnw.org
What is the revenue of Livelihood Nw?
Livelihood Nw's revenue in 2022 was $896,583.
Official website here: www.livelihoodnw.org
Who are the executives of Livelihood Nw and what are their salaries?
The average compensation at Livelihood Nw during 2022 was $43,141. There are 12 employees and 5 volunteers at Livelihood Nw.
Here are 6 key members and their salaries:
- Compensation: $116,195
- Related: $0
- Other: $7,300
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.livelihoodnw.org
Where can I find the form 990 for Livelihood Nw?
Livelihood Nw's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.livelihoodnw.org
Learn more at the official website: www.livelihoodnw.org
Mission Statement of Livelihood Nw
Livelihood Nw, a nonprofit organization, is committed to fostering business sustainability and growth for historically under-served entrepreneurs within local communities. Their mission is twofold: firstly, they provide exceptional business development support services to promote lifelong learning and empowerment. Secondly, they aim to create a positive economic impact. By offering these services, Livelihood Nw seeks to support and uplift entrepreneurs who often fall under the low-to-moderate income bracket, according to the median family income (MFI) in the Portland area.
The client base of Livelihood Nw is predominantly composed of small businesses, with a significant percentage being minority-owned and women-owned enterprises. Recognizing the importance of language barriers in serving their diverse community, Livelihood Nw offers support services in English and Spanish, and has a history of working with translation partners to extend their services to those who require assistance in other languages. The organization's mission is not just about providing support, but also about fostering an environment that empowers entrepreneurs to grow their businesses and contribute positively to their communities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Livelihood NW's impact is significant as they focus on fostering business sustainability and growth for historically underserved entrepreneurs within local communities. This organization provides exceptional business development support services to promote lifelong learning, empowerment, and positive economic impact. Their current client base consists of over 95% low-to-moderate income individuals in the Portland area, with 100% of clients being small businesses. Nearly 74% of these businesses are minority-owned, and 70% are women-owned. Livelihood NW offers support services in both English and Spanish, and has a track record of providing assistance in various languages through translation partners. This impactful work contributes to creating a more inclusive and thriving entrepreneurial ecosystem in the community.
This information is meant to be a general summary of Livelihood Nw. 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.
- Investment Income: $454
- Program Service Revenue: $13,419
- Gross Receipts: $896,583
Assets and Liabilities:
- Total Assets: $1,032,640
- Total Liabilities: $373,252
- Net Assets: $659,388
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$13,419
Organization Details
Founding Year
2018
Phone
(503) 990-8255Principal Officer
Lara Damon
Main Address
PO BOX 13775, PORTLAND, OR, 97213
Website
www.livelihoodnw.orgNTEE Category
Code: P20 - Human services
If you are a representative of Livelihood Nw and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.