Overview
What is Community Budget Center?
The Community Budget Center is a nonprofit organization situated in Craig, Colorado, specifically at 555 Yampa Avenue. Its primary mission is to offer low-cost household items to individuals in need on a temporary basis. Beyond this, they also provide crucial assistance, such as aid for housing, medical needs, food, and transportation, once administrative expenses have been covered. Functioning as a thrift store, the Community Budget Center utilizes the proceeds from selling low-cost or no-cost clothing and household items to support their cause. Their team consists of 18 dedicated individuals who work tirelessly to assist those in need.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
The Community Budget Center has received a Two-Star rating from Charity Navigator, indicating a need for improvement in certain areas, despite achieving a score of 73% overall. The rating reflects strong governance characteristics, such as having 100% independent board members and a solid program expense ratio of 96.79%, suggesting that most of its funds are directed toward its programs.
However, there are notable deficiencies in the organization's accountability and financial transparency. The absence of financial statements and critical policies, including a whistleblower and document retention policy, raises concerns regarding its operational practices. While the center has maintained a low liabilities to assets ratio, the shortcomings in transparency and policy adherence suggest that improvements are necessary to enhance stakeholder confidence.
Overall, while the Community Budget Center demonstrates a commitment to its mission through high program expenses and independent governance, the lack of essential financial documents and certain policies presents significant areas that need attention for better accountability and trust.
This AI summary has been generated from information found on Charity Navigator.
Is Community Budget Center legitimate?
Community Budget Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Budget Center 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: $34,584
Professional Fundraising Fees: $0
Other Salaries and Wages: $230,888
For more financial information, click here
Official website here: www.none
What is the mission statement of Community Budget Center?
The Community Budget Center's mission is to offer affordable or free clothing and household items to those in need. After covering administrative expenses, the center utilizes the remaining funds to provide temporary assistance with essentials such as housing, medical needs, food, and transportation. The primary objective of the Community Budget Center is to help individuals in distress on a short-term basis.
Official website here: www.none
Who is the CEO of Community Budget Center?
Kristin Skowronski is the President of Community Budget Center.
Official website here: www.none
What is the revenue of Community Budget Center?
Community Budget Center's revenue in 2022 was $487,908.
Official website here: www.none
Who are the executives of Community Budget Center and what are their salaries?
The average compensation at Community Budget Center during 2022 was $14,748. There are 18 employees and 9 volunteers at Community Budget Center.
Here are 10 key members and their salaries:
- Compensation: $25,441
- Related: $0
- Other: $0
- Compensation: $9,143
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Community Budget Center
The Community Budget Center, as a nonprofit organization, is committed to providing essential aid to individuals in need. Its mission is twofold: firstly, it offers low or no-cost clothing and household items to those who are financially struggling. Secondly, it ensures that any remaining funds after administrative expenses are utilized to address short-term needs such as housing, medical care, food, and transportation. By doing so, the Community Budget Center aims to make a tangible difference in people's lives on a short-term basis, offering them a much-needed helping hand during challenging times.
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Impact
July, 2024
Community Budget Center directly impacts the community of Craig, CO by providing low or no-cost clothing and household items to individuals in need. Additionally, they distribute all proceeds after administrative expenses towards providing housing, medical needs, food, and transportation on a short-term basis. This assistance helps improve the lives of those facing financial struggles in the area, offering essential support and resources to help meet their basic needs.
This information is meant to be a general summary of Community Budget Center. 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: $371,629
- Gross Receipts: $487,908
Assets and Liabilities:
- Total Assets: $191,038
- Total Liabilities: $13,439
- Net Assets: $177,599
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROSS SALES GENERAL TAXAB
Revenue
$371,629
Organization Details
Phone
(970) 824-7898Principal Officer
Kristin Skowronski
Main Address
555 YAMPA AVENUE, CRAIG, CO, 81625
Website
www.noneNTEE Category
Code: P60 - Human services
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