Overview
What is Belay Enterprises Inc?
Belay Enterprises Inc is a nonprofit organization situated in Aurora, Colorado. Their mission is to collaborate with local churches to establish businesses that offer employment and job-training opportunities to individuals rebuilding their lives from addiction, homelessness, incarceration, or poverty. By providing employment, Belay Enterprises aims to strengthen families and communities. Based in Aurora, Colorado, with 43 employees, the organization focuses on empowering individuals to overcome challenges and rebuild their lives, ultimately contributing to the betterment of their families and neighborhoods.
Official website here: www.belay.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Belay Enterprises Inc has earned a solid Three-Star rating from Charity Navigator, reflecting a commendable commitment to accountability and finance. The organization's overall score is derived entirely from a high score in accountability, indicating robust governance practices. The independent board composition is strong, with all members being independent, and the organization has put in place comprehensive policies related to conflict of interest, whistleblowing, and document retention.
The financial oversight of Belay Enterprises is noteworthy, with a fully functional audit and oversight committee and no material diversion of assets reported. The program expense ratio is also impressive at 85.09%, showing that the majority of the funds are directed towards its programs, which is a positive indicator of its operational efficiency.
However, there are some areas for improvement, particularly in the liabilities to assets ratio, which stands at 60.19%. This suggests that the organization has a moderate level of liabilities relative to its assets, which could be a concern for potential donors regarding financial sustainability. Overall, while Belay Enterprises demonstrates strong governance and financial responsibility, addressing its liability levels could further enhance its financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Belay Enterprises Inc legitimate?
Belay Enterprises Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Belay Enterprises 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: $157,340
Professional Fundraising Fees: $0
Other Salaries and Wages: $566,401
For more financial information, click here
Official website here: www.belay.org
What is the mission statement of Belay Enterprises Inc?
Belay Enterprises Inc has a mission to collaborate with local churches in establishing businesses that provide employment and job training opportunities for individuals who are rebuilding their lives from addiction, homelessness, prison, or poverty. The ultimate goal is to strengthen families and neighborhoods by offering these individuals a chance to reintegrate into society and lead productive lives. The organization creates businesses specifically with the aim of employing individuals in need, offering them a chance to rebuild their lives and contribute to their communities.
Official website here: www.belay.org
Who is the CEO of Belay Enterprises Inc?
James Reiner is the President/Ex of Belay Enterprises Inc.
Official website here: www.belay.org
What is the revenue of Belay Enterprises Inc?
Belay Enterprises Inc's revenue in 2022 was $1,758,619.
Official website here: www.belay.org
Who are the executives of Belay Enterprises Inc and what are their salaries?
The average compensation at Belay Enterprises Inc during 2022 was $16,831. There are 43 employees and 80 volunteers at Belay Enterprises Inc.
Here are 8 key members and their salaries:
- Compensation: $157,440
- Related: $0
- Other: $18,708
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.belay.org
Where can I find the form 990 for Belay Enterprises Inc?
Belay Enterprises Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.belay.org
Learn more at the official website: www.belay.org
Mission Statement of Belay Enterprises Inc
Belay Enterprises Inc, a nonprofit organization, is committed to working in collaboration with local churches. Their mission is to establish businesses that provide employment and job training opportunities for individuals who are rebuilding their lives after facing challenges such as addiction, homelessness, imprisonment, or poverty. The ultimate goal of Belay Enterprises is to strengthen families and neighborhoods by offering these individuals a chance to reintegrate into society and contribute positively to their communities. By creating businesses that employ these individuals, Belay Enterprises seeks to provide them with a sense of purpose and self-worth, helping them to rebuild their lives and improve their circumstances.
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Impact
July, 2024
Belay Enterprises Inc's impact is clearly seen in the lives of individuals who are rebuilding from addiction, homelessness, prison, or poverty. By partnering with area churches to develop businesses that employ and job-train these individuals, Belay Enterprises is directly strengthening families and neighborhoods in Aurora, CO. Through their mission to create opportunities for those who are often marginalized, they are making a significant impact on the community and empowering individuals to rebuild their lives with dignity and purpose.
This information is meant to be a general summary of Belay Enterprises 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.
- Investment Income: $57
- Program Service Revenue: $63,075
- Gross Receipts: $3,236,722
Assets and Liabilities:
- Total Assets: $3,902,077
- Total Liabilities: $2,348,877
- Net Assets: $1,553,200
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$63,075
Organization Details
Founding Year
1995
Phone
(303) 296-3990Principal Officer
James Reiner
Main Address
13280 E MISSISSIPPI AVE, AURORA, CO, 80012
Website
www.belay.orgNTEE Category
Code: S31 - Community improvement
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