Overview
What is Canopy Certified Inc?
Canopy Certified Inc, based in Louisville, Kentucky, is a nonprofit organization that focuses on empowering businesses through educational events, podcasts, videos, and workshops. Their mission is to promote responsible business practices, fostering a supportive environment that encourages collaboration between the non-profit, government, and for-profit sectors. By doing so, Canopy aims to drive awareness around the 'Good Business' movement, encouraging innovation and sustainability within local Kentuckian enterprises. With a team of nine dedicated individuals, their goal is to transform Kentucky's social and environmental challenges into opportunities for growth and prosperity.
Official website here: www.canopyky.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1-Star out of Four Stars (57%)
Canopy Certified Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored 57% overall, which reflects a lack of effective financial management and transparency, particularly highlighted by a concerning liabilities-to-assets ratio of 171.60% and a program expense ratio of only 50.31%. These metrics suggest that the nonprofit may not be utilizing its resources effectively to fulfill its mission.
On a positive note, Canopy Certified demonstrates strong governance practices, with 100% independent board members and a substantial board size of 14 independent members. The organization has established several policies, including conflict of interest and whistleblower policies, which are important for maintaining integrity and transparency. Additionally, the nonprofit has a documented history of board meeting minutes, indicating a commitment to accountability in governance.
However, the absence of the nonprofit’s tax form on its website, as well as its low scores in the financial management categories, raises red flags for potential donors and stakeholders. This combination of strong governance but weak financial oversight may affect confidence in the organization’s operational effectiveness and sustainability going forward.
This AI summary has been generated from information found on Charity Navigator.
Is Canopy Certified Inc legitimate?
Canopy Certified Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Canopy Certified 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: $295,474
For more financial information, click here
Official website here: www.canopyky.org
What is the mission statement of Canopy Certified Inc?
Canopy Certified Inc's mission is centered around promoting responsible business practices and positively impacting people, the planet, and the future. They achieve this by organizing events, podcasts, videos, and workshops to educate business owners, employees, and consumers. The goal is to raise awareness about the good business movement and foster the exchange of ideas between non-profit, government, and for-profit communities. Canopy seeks to transform societal and environmental challenges into opportunities for entrepreneurs and existing businesses.
Official website here: www.canopyky.org
Who is the CEO of Canopy Certified Inc?
Scott Koloms is the Director of Canopy Certified Inc. The CEO's salary of Canopy Certified Inc is $0 and their total compensation is $0.
Official website here: www.canopyky.org
What is the revenue of Canopy Certified Inc?
Canopy Certified Inc's revenue in 2022 was $461,161.
Official website here: www.canopyky.org
Who are the executives of Canopy Certified Inc and what are their salaries?
The average compensation at Canopy Certified Inc during 2022 was $32,830. There are 9 employees and 22 volunteers at Canopy Certified Inc.
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Official website here: www.canopyky.org
Where can I find the form 990 for Canopy Certified Inc?
Canopy Certified Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.canopyky.org
Learn more at the official website: www.canopyky.org
Mission Statement of Canopy Certified Inc
Canopy Certified Inc, a dedicated organization, is committed to the mission of making Kentucky a leader in responsible business practices. Their primary goal is to foster the growth of businesses in the state, with the intent of positively impacting people, the environment, and the future. To achieve this, Canopy produces a variety of educational resources, including live events, podcasts, videos, and workshops. These platforms serve to educate business owners, employees, and consumers about sustainable business practices, thereby promoting awareness of the 'good business' movement. Canopy's approach involves cross-pollinating ideas between the non-profit, government, and for-profit communities, with the aim of transforming the social and environmental challenges in Kentucky into opportunities for entrepreneurs and existing businesses.
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Impact
July, 2024
Canopy Certified Inc's impact is centered around making Kentucky first in good business. Through their live events, podcasts, videos, and workshops, they are educating business owners, employees, and consumers about responsible business practices. By generating awareness around the good business movement and fostering collaboration between the nonprofit, government, and for-profit sectors, Canopy aims to transform Kentucky's social and environmental challenges into opportunities for entrepreneurs and existing businesses. Their mission of growing Kentucky businesses to positively impact people, our planet, and our future is driving meaningful change in the community and beyond.
This information is meant to be a general summary of Canopy Certified 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: $38,632
- Gross Receipts: $461,161
Assets and Liabilities:
- Total Assets: $35,802
- Total Liabilities: $105,383
- Net Assets: -$69,581
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CCP CURRICULUM
Revenue
$38,632
Organization Details
Founding Year
2018
Phone
(502) 907-3268Principal Officer
Scott Koloms
Main Address
1500 LYTLE STREET, LOUISVILLE, KY, 40203
Website
www.canopyky.orgNTEE Category
Code: S01 - Community improvement
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