Overview
What is African American Trade Association?
The African American Trade Association, based in Denver, Colorado, is a nonprofit organization situated at 7000 E 47th Avenue Drive Suite 100. Their mission is centered around advocating for the reduction of wealth and health disparities among African Americans, and simultaneously working towards positioning black-owned businesses for growth. As part of their activities, they focus on homeownership awareness and diversity and inclusion, particularly through CHFA's marketing initiatives. The organization currently employs 14 individuals.
Official website here: www.aatrade.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
The African American Trade Association has received a Three-Star rating based on its performance in accountability and finance. This rating reflects a solid overall score that is heavily weighted on its financial practices, indicating a commitment to responsible management of resources. The organization demonstrates strong governance with a fully independent board and a favorable liabilities-to-assets ratio, highlighting financial stability.
Strengths noted in the evaluation include a high program expense ratio of 82.74%, which suggests that a significant portion of its funds is directed towards its programs rather than administrative costs. Additionally, the association has a commendable track record in having no material diversion of assets and maintaining documented board meeting minutes.
However, the rating also points out critical areas for improvement, specifically the absence of a conflict of interest policy and other governance policies such as a whistleblower policy and document retention procedures. Addressing these shortcomings could enhance the organization's accountability and transparency moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is African American Trade Association legitimate?
African American Trade Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. African American Trade Association 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: $90,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.aatrade.org
What is the mission statement of African American Trade Association?
The African American Trade Association's mission is centered around advocacy, aiming to address and reduce wealth and health disparities within the African American community. Additionally, the organization strives to support the growth of black-owned businesses, positioning them for success and development. This mission is carried out through various activities, including promoting homeownership awareness and focusing on diversity and inclusion in marketing efforts.
Official website here: www.aatrade.org
Who is the CEO of African American Trade Association?
Geneva Smith is the Vice President of African American Trade Association.
Official website here: www.aatrade.org
What is the revenue of African American Trade Association?
African American Trade Association's revenue in 2022 was $523,859.
Official website here: www.aatrade.org
Who are the executives of African American Trade Association and what are their salaries?
The average compensation at African American Trade Association during 2022 was $6,429. There are 14 employees and 9 volunteers at African American Trade Association.
Here are 3 key members and their salaries:
- Compensation: $90,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.aatrade.org
Where can I find the form 990 for African American Trade Association?
African American Trade Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aatrade.org
Learn more at the official website: www.aatrade.org
Mission Statement of African American Trade Association
The African American Trade Association, in its mission, works diligently to combat wealth and health disparities within the African American community. By advocating for change, the organization seeks to elevate the position of black-owned businesses, fostering their growth and development. This mission is multifaceted, aiming not only to address economic disparities but also to improve health outcomes for African Americans. The Association's efforts are geared towards creating a more equitable society, where opportunities are more accessible and businesses can thrive.
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Impact
July, 2024
The African American Trade Association's impact lies in advocating to reduce wealth and health disparities among African Americans and positioning black-owned businesses for growth. Through activities such as marketing, diversity and inclusion initiatives, homeownership awareness campaigns, and other related efforts, the association aims to empower African American entrepreneurs and bridge the economic gap within the community. This work is crucial for fostering economic development, sustainability, and empowerment among African Americans, particularly in a city like Denver, Colorado.
This information is meant to be a general summary of African American Trade Association. 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.
- Gross Receipts: $523,859
Assets and Liabilities:
- Total Assets: $140,688
- Total Liabilities: $2,405
- Net Assets: $138,283
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Organization Details
Founding Year
2020
Phone
(303) 520-1077Principal Officer
Geneva Smith
Main Address
7000 E 47th Avenue Drive Suite 100, Denver, CO, 80216
Website
www.aatrade.orgNTEE Category
Code: P20 - Human services
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