Overview
What is Labor Economic Education Empowerment Inc?
Labor Economic Education Empowerment Inc, a not-for-profit organization, is dedicated to eradicating intergenerational poverty by offering transformative apprenticeship opportunities in the building trades. This nonprofit, often referred to as L.E.E.P., provides support services and maintains a general assistance fund to help individuals gain access to these opportunities. Their mission is to uplift and empower individuals, ultimately breaking the cycle of poverty.
Official website here: www.leep-de.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Stars
Labor Economic Education Empowerment Inc has received a One-Star rating from Charity Navigator, reflecting a score of 56%. This rating indicates significant areas where the organization may need improvement, particularly in its financial management and transparency, as evidenced by its low program expense ratio and liabilities to assets ratio.
Despite these weaknesses, the organization demonstrates strong governance with 100% independent board members and a well-structured oversight committee. The presence of established policies for conflict of interest, whistleblower protection, and document retention suggests a commitment to accountability. However, the absence of tax forms on the nonprofit's website raises concerns about transparency.
Overall, while Labor Economic Education Empowerment Inc shows strengths in governance, there are critical limitations in financial metrics that could impact its effectiveness and sustainability. Potential donors may want to consider these factors when evaluating the organization's overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Labor Economic Education Empowerment Inc legitimate?
Labor Economic Education Empowerment Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Labor Economic Education Empowerment 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: $16,090
Professional Fundraising Fees: $37
Other Salaries and Wages: $29,018
For more financial information, click here
Official website here: www.leep-de.org
What is the mission statement of Labor Economic Education Empowerment Inc?
Labor Economic Education Empowerment Inc, as a not-for-profit organization, aims to combat intergenerational poverty by offering transformational apprenticeship opportunities in the building trades. The organization's mission is to provide access to these opportunities, seeking to make a significant impact in people's lives. L.E.E.P. carries out its mission through programs such as support outreach and a general assistance fund, thereby contributing to the development of individuals and potentially breaking the cycle of poverty.
Official website here: www.leep-de.org
What is the revenue of Labor Economic Education Empowerment Inc?
Labor Economic Education Empowerment Inc's revenue in 2023 was $1,284,114.
Official website here: www.leep-de.org
Who are the executives of Labor Economic Education Empowerment Inc and what are their salaries?
The average compensation at Labor Economic Education Empowerment Inc during 2023 was $2,374. There are 19 employees and 10 volunteers at Labor Economic Education Empowerment Inc.
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Official website here: www.leep-de.org
Where can I find the form 990 for Labor Economic Education Empowerment Inc?
Labor Economic Education Empowerment Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.leep-de.org
Learn more at the official website: www.leep-de.org
Mission Statement of Labor Economic Education Empowerment Inc
Labor Economic Education Empowerment, or L.E.E.P., is a not-for-profit organization with a mission to combat intergenerational poverty. They achieve this by offering opportunities for transformational apprenticeships in the building trades. By providing these programs, L.E.E.P. aims to empower individuals and help them break the cycle of poverty that has affected their families for generations. In addition to their apprenticeship programs, L.E.E.P. also offers support outreach and a general assistance fund to further aid in the transformation and betterment of the individuals they serve.
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Impact
July, 2024
Labor Economic Education Empowerment Inc, through its programs and initiatives, has made a significant impact in ending intergenerational poverty by providing access to transformational apprenticeships in the building trades. By offering support outreach and a general assistance fund, L.E.E.P. has empowered individuals to gain valuable skills and resources to improve their economic standing and break the cycle of poverty. This organization has played a crucial role in creating opportunities for individuals to build a sustainable livelihood and secure a better future for themselves and their families.
This information is meant to be a general summary of Labor Economic Education Empowerment 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.
- Gross Receipts: $1,284,114
Assets and Liabilities:
- Total Assets: $690,809
- Total Liabilities: $139,977
- Net Assets: $550,832
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Organization Details
Founding Year
2018
Principal Officer
Gwenevere Motley
Website
www.leep-de.orgNTEE Category
Code: P20 - Human services
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