Overview
What is North Carolina Employee Ownership Center?
The North Carolina Employee Ownership Center, established in 2019, is an educational nonprofit based in Durham, North Carolina. Their primary aim is to support privately held businesses in transitioning to employee ownership, focusing on underserved communities, such as Black, Indigenous, and People of Color (BIPOC)-owned businesses and those with majority-BIPOC workforces. Through activities like outreach, partnerships, and education, the center aims to increase wealth-building opportunities and promote equitable workplaces. Their efforts have resulted in successful conversions of employee-owned companies and reaching over 50,000 people through social media. The center also works on creating supportive policies, fostering collaborative networks, and providing technical assistance to business owners. Their mission is to protect jobs, increase community wealth, and promote a more inclusive economy through employee ownership.
Official website here: www.nceoc.org
What do the Facebook reviews say about North Carolina Employee Ownership Center?
Currently, there are only two reviews available on Facebook for the North Carolina Employee Ownership Center, and while there are no formal ratings, the feedback suggests positive sentiments. Both reviewers express support for the organization's mission to provide solutions for business owners interested in rewarding their employees through ownership models.
The nonprofit appears to resonate well with those interested in employee ownership, highlighting its role in fostering collaborative workplace environments. Reviewers appreciate the focus on creating pathways for businesses to recognize the contributions of their employees.
Overall, the sentiment leans towards a strong endorsement of the organization’s goals and initiatives, indicating that it plays a valuable role in promoting employee ownership in North Carolina.
This AI summary has been generated from reviews found on Facebook.
Is North Carolina Employee Ownership Center legitimate?
North Carolina Employee Ownership Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Carolina Employee Ownership 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: $83,296
Professional Fundraising Fees: $18,000
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nceoc.org
What is the mission statement of North Carolina Employee Ownership Center?
The North Carolina Employee Ownership Center, an educational nonprofit, is committed to protecting jobs, increasing community wealth, and fostering a more inclusive economy through employee ownership. Their mission is to promote employee ownership as a means to achieve these goals, providing unbiased information on various types of employee ownership structures, such as ESOPs, worker cooperatives, and employee ownership trusts. The center actively supports privately held businesses in converting to employee ownership, focusing on broadening economic opportunity for traditionally disadvantaged groups. They work to increase awareness and interest in employee ownership, build collaborative networks and partnerships, and advocate for supportive policies and institutions that promote equity and inclusion. Since its inception in 2019, the center has successfully built relationships, developed educational materials, and networked with advisors, partners, and retiring business owners.
Official website here: www.nceoc.org
Who is the CEO of North Carolina Employee Ownership Center?
Guenevere Abernathy is the Executive Director of North Carolina Employee Ownership Center.
Official website here: www.nceoc.org
What is the revenue of North Carolina Employee Ownership Center?
North Carolina Employee Ownership Center's revenue in 2022 was $215,810.
Official website here: www.nceoc.org
Who are the executives of North Carolina Employee Ownership Center and what are their salaries?
The average compensation at North Carolina Employee Ownership Center during 2022 was $41,648. There are 2 employees and 3 volunteers at North Carolina Employee Ownership Center.
Here are 12 key members and their salaries:
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- Compensation: $83,296
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Official website here: www.nceoc.org
Where can I find the form 990 for North Carolina Employee Ownership Center?
North Carolina Employee Ownership Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nceoc.org
Learn more at the official website: www.nceoc.org
Mission Statement of North Carolina Employee Ownership Center
The North Carolina Employee Ownership Center, an educational nonprofit organization, is committed to protecting jobs, increasing community wealth, and fostering a more inclusive economy. Its mission is achieved through employee ownership, encompassing various structures such as Employee Stock Ownership Plans (ESOPs), worker cooperatives, and Employee Ownership Trusts (EOTs). The center aims to serve businesses and a range of stakeholders, including business advisors, economic developers, and community members, by providing unbiased information about these types of employee ownership.
The North Carolina Employee Ownership Center seeks to build a robust ecosystem supporting privately held businesses in transitioning to employee ownership. They are particularly focused on increasing wealth-building opportunities for Black, Indigenous, People of Color (BIPOC)-owned businesses and businesses with majority-BIPOC workforces, viewing employee ownership as a critical tool to achieve these goals. By educating communities, businesses, and economic developers about employee ownership and assisting in the conversion of businesses to ESOPs, worker cooperatives, and other structures, the center helps broaden economic opportunity for traditionally disadvantaged groups.
In summary, the North Carolina Employee Ownership Center is a nonprofit organization dedicated to promoting employee ownership as a means to protect jobs, increase community wealth, and create a more inclusive economy. The center achieves its mission by offering educational resources, fostering partnerships, and providing unbiased information on various employee ownership structures. Additionally, the organization is committed to supporting BIPOC-owned businesses and those with majority-BIPOC workforces, working towards a more equitable and prosperous economic landscape.
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Impact
October, 2024
The North Carolina Employee Ownership Center plays a significant role in enhancing job security and fostering economic growth within the community. By advocating for employee ownership, it protects jobs and empowers workers by giving them a stake in their organizations. The center actively promotes awareness and education around employee ownership models, creating diverse marketing strategies and leveraging digital platforms to reach a broader audience.
Through these efforts, the Center actively contributes to increasing community wealth by supporting businesses that prioritize employee involvement in ownership and decision-making processes. This approach not only strengthens individual job security but also cultivates a more vibrant and inclusive economy in North Carolina. By educating and advocating for employee ownership, the North Carolina Employee Ownership Center is helping to create sustainable business practices that benefit both employees and the community as a whole.
This information is meant to be a general summary of North Carolina Employee Ownership 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.
- Investment Income: $59
- Gross Receipts: $219,313
Assets and Liabilities:
- Total Assets: $124,456
- Total Liabilities: $2,035
- Net Assets: $122,421
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Organization Details
Founding Year
2019
Phone
(919) 339-1611Principal Officer
Guenevere Abernathy
Main Address
PO BOX 1048, DURHAM, NC, 277021048
Website
www.nceoc.orgNTEE Category
Code: J21 - Employment
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