Overview
What is Black United Fund Of Oregon?
The Black United Fund of Oregon is a nonprofit organization situated in Portland, Oregon, specifically at 2828 NE ALBERTA ST. Their primary mission is to support the social and economic development of disadvantaged communities in Oregon. They achieve this by offering financial and management assistance to non-profit agencies and coordinating significant community initiatives to stimulate growth and development in low-income neighborhoods. Black United Fund of Oregon also provides professional training to community-based organizations, focusing on areas such as non-profit management, board development, social issues, organizational efficiency, and skill and leadership development. They operate a non-profit resource library and computer resource center, which are accessible to various non-profit groups. In addition to these services, Black United Fund of Oregon served 261 youth and young adults in post-secondary programming, leadership development, college scholarships, and support for college applications during the year ending June 30, 2022. The organization employs a team of 8 individuals dedicated to achieving their mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Black United Fund of Oregon has received a two-star rating on Charity Navigator, indicating that while the organization has strengths in its accountability and finance practices, there are notable areas needing improvement. With a perfect score in accountability measures, including an independent board and strong policies against conflicts of interest, the organization demonstrates a commitment to good governance.
However, significant concerns arise from the financial transparency aspects, where the organization scored poorly in areas such as financial statements and tax form availability. These shortcomings point to a lack of publicly accessible financial documentation, which can limit donor confidence and hinder overall transparency.
Despite these challenges, the organization maintains a solid program expense ratio, ensuring that a significant portion of its funds are directed towards its mission-related activities. The blend of strong governance and financial transparency issues highlights a complex picture, suggesting that while the organization is structured well, it must address its financial reporting practices to enhance trust and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Black United Fund Of Oregon legitimate?
Black United Fund Of Oregon is a legitimate nonprofit organization registered as a 501(c)(3) entity. Black United Fund Of Oregon 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: $132,725
Professional Fundraising Fees: $0
Other Salaries and Wages: $224,130
For more financial information, click here
What is the mission statement of Black United Fund Of Oregon?
The Black United Fund of Oregon's primary mission is to contribute to the social and economic development of disadvantaged communities. This is achieved by providing financial and management assistance to non-profit organizations and coordinating significant community initiatives. The goal is to stimulate growth and development in low-income neighborhoods. The organization also offers professional training to community-based organizations in areas such as non-profit management, board development, organizational efficiency, skill development, and leadership. The Black United Fund of Oregon operates a non-profit resource library and computer resource center for the use of non-profit groups. In addition, they offer support to non-profit organizations and assisted 261 youth and young adults through post-secondary programming, leadership development, college scholarships, and support for college applications during the year ended June 30, 2022.
Who is the CEO of Black United Fund Of Oregon?
Lm Alaiyo Foster is the President of Black United Fund Of Oregon.
What is the revenue of Black United Fund Of Oregon?
Black United Fund Of Oregon's revenue in 2022 was $3,900,839.
Who are the executives of Black United Fund Of Oregon and what are their salaries?
The average compensation at Black United Fund Of Oregon during 2022 was $44,607. There are 8 employees and 66 volunteers at Black United Fund Of Oregon.
Here are 11 key members and their salaries:
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- Compensation: $132,725
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Where can I find the form 990 for Black United Fund Of Oregon?
Black United Fund Of Oregon's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Black United Fund Of Oregon
The Black United Fund of Oregon is committed to assisting in the social and economic development of Oregon's disadvantaged communities. They achieve this mission by providing financial and management assistance to non-profit agencies and coordinating essential community initiatives. These initiatives aim to stimulate growth and development within low-income neighborhoods.
In their efforts to uplift these communities, the Black United Fund of Oregon offers professional training to community-based organizations. This training covers various areas such as non-profit management, board development, social issues, organizational efficiency, skill and leadership development. Additionally, they operate a non-profit resource library and computer resource center, which are accessible to non-profit groups.
Beyond these services, the Black United Fund of Oregon also supports non-profit organizations directly. They served 261 youth and young adults through post-secondary programming, leadership development, college scholarships, support for college applications, and more during the year ending June 30, 2022. This demonstrates their comprehensive approach to community development, encompassing education, training, and financial aid.
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Impact
July, 2024
The Black United Fund Of Oregon is instrumental in supporting the social and economic development of Oregon's disadvantaged communities. By providing financial and management assistance to non-profit agencies and coordinating community initiatives, the organization stimulates growth and development in low-income neighborhoods. Through professional training, board development, leadership development, and college scholarships, the fund enhances the skills and opportunities for individuals in these communities. The impact is seen in the 261 youth and young adults served through postsecondary programming, college application support, and more, contributing to the advancement and empowerment of underserved populations in Portland, OR.
This information is meant to be a general summary of Black United Fund Of Oregon. 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: $4,287
- Gross Receipts: $3,900,839
Assets and Liabilities:
- Total Assets: $4,901,186
- Total Liabilities: $253,073
- Net Assets: $4,648,113
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Organization Details
Founding Year
1983
Principal Officer
Lm Alaiyo Foster
Main Address
2828 NE ALBERTA ST, PORTLAND, OR, 97211
NTEE Category
Code: T70Z - Philanthropy
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