Overview
What is California Association For Microenterprise Opportunity?
The California Association for Microenterprise Opportunity (CAMEO) is a dynamic network comprising 400 organizations, agencies, and individuals, located in San Francisco, California. Established in 1993, CAMEO has devoted its mission to strengthening the capacity of the industry and providing enhanced opportunities and resources for both member organizations and low-income communities through entrepreneurship. The organization served almost 200,000 small businesses in 2022. CAMEO's capacity-building programs, such as the CAMEO Academy and the CDFI Incubator, are integral drivers of growth, empowering its member organizations to better serve their communities. CAMEO also works to expand resources and foster supportive ecosystems, advocating for policy changes that promote a thriving business sector and building public awareness of its economic impacts. In essence, CAMEO's services aim to empower underserved entrepreneurs, equipping them with the necessary resources to succeed and contribute to family economic mobility and community prosperity. The organization's robust network of nonprofits offers business advising, training, coaching, and micro and small business loans to foster the creation and growth of thriving small businesses in underserved communities. With a team of 7 dedicated individuals, CAMEO continues to make a significant impact in the realm of entrepreneurship and community development.
Official website here: www.cameonetwork.org
What are the reviews and ratings of this charity?
97% rating from Charity Navigator indicates that the California Association For Microenterprise Opportunity is a high-performing nonprofit with a Four-Star out of Four Star rating. This exceptional score reflects the organization's strong accountability and financial management practices, demonstrating transparency and effective governance.
Among its strengths, the organization boasts a fully independent board with 15 members, ensuring unbiased decision-making. The financial health is solid, with a program expense ratio of 73.79%, meaning a significant portion of funds directly supports its programs. Additionally, its fundraising efficiency is impressive, requiring only $0.08 to raise a dollar, showcasing its effective resource management.
While the organization has excelled in numerous areas, the data does not highlight any limitations or concerns. Overall, the California Association For Microenterprise Opportunity stands out as a well-managed nonprofit, committed to its mission and accountable to its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is California Association For Microenterprise Opportunity legitimate?
California Association For Microenterprise Opportunity is a legitimate nonprofit organization registered as a 501(c)(3) entity. California Association For Microenterprise Opportunity 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: $189,415
Professional Fundraising Fees: $0
Other Salaries and Wages: $533,184
For more financial information, click here
Official website here: www.cameonetwork.org
What is the mission statement of California Association For Microenterprise Opportunity?
The California Association for Microenterprise Opportunity (CAMEO) aims to establish a flourishing ecosystem that offers necessary resources to underserved entrepreneurs. This mission is geared towards ensuring that all entrepreneurs have the opportunity to succeed, thereby fostering family economic mobility and community prosperity. CAMEO achieves this by enhancing the capacity of the industry through programs like the CAMEO Academy and the CDFI Incubator. Additionally, CAMEO increases opportunities and resources for its member organizations and low-income communities through entrepreneurship. CAMEO also advocates for public policies that support the business sector and raises public awareness of its economic impacts. Overall, CAMEO's mission is to expand resources, foster ecosystems, and empower entrepreneurs in underserved communities.
Official website here: www.cameonetwork.org
Who is the CEO of California Association For Microenterprise Opportunity?
Carolina Martinez is the Ceo of California Association For Microenterprise Opportunity. The CEO's salary of California Association For Microenterprise Opportunity is $174,533 and their total compensation is $189,415.
Official website here: www.cameonetwork.org
What is the revenue of California Association For Microenterprise Opportunity?
California Association For Microenterprise Opportunity's revenue in 2022 was $3,836,904.
Official website here: www.cameonetwork.org
Who are the executives of California Association For Microenterprise Opportunity and what are their salaries?
The average compensation at California Association For Microenterprise Opportunity during 2022 was $103,228. There are 7 employees and 118 volunteers at California Association For Microenterprise Opportunity.
Here are 18 key members and their salaries (California Association For Microenterprise Opportunity's CEO's salary is $174,533 and their total compensation is $189,415):
- Compensation: $174,533
- Related: $0
- Other: $14,882
- Compensation: $126,853
- Related: $0
- Other: $16,982
- Compensation: $105,251
- Related: $0
- Other: $1,583
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Official website here: www.cameonetwork.org
Where can I find the form 990 for California Association For Microenterprise Opportunity?
California Association For Microenterprise Opportunity's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cameonetwork.org
Learn more at the official website: www.cameonetwork.org
Mission Statement of California Association For Microenterprise Opportunity
California Association for Microenterprise Opportunity (CAMEO) is committed to establishing a flourishing environment of assistance for underprivileged entrepreneurs. Their mission is to ensure that all entrepreneurs, regardless of their background, have access to the necessary resources to succeed. This mission aims to foster family economic mobility and promote community prosperity.
CAMEO achieves this mission by building the capacity of the industry and increasing opportunities and resources for its member organizations, as well as low-income communities. They do this through entrepreneurship. CAMEO's capacity building programs, such as the CAMEO Academy and the CDFI Incubator, are key drivers for growth within their member network. This network comprises nonprofit organizations that provide business advising, training, coaching, and micro and small business loans to advance the creation and growth of thriving small businesses in underserved communities.
In summary, California Association for Microenterprise Opportunity's mission is to create a supportive environment for underprivileged entrepreneurs, providing them with the resources they need to succeed. This, in turn, fosters family economic mobility and community prosperity by building the capacity of the industry and increasing opportunities for low-income communities through entrepreneurship.
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Impact
July, 2024
California Association for Microenterprise Opportunity (CAMEO) has made a significant impact by serving almost 200,000 very small businesses in 2022. Through its capacity-building programs such as the CAMEO Academy and the CDFI Incubator, CAMEO has been instrumental in supporting the growth of the microenterprise industry since 1993. By providing resources, fostering ecosystems, and advocating for policies that support the business sector, CAMEO has helped advance the creation and growth of thriving small businesses in underserved communities. This has led to increased economic mobility for families and enhanced community prosperity. CAMEO's services, including business advising, training, coaching, and micro and small business loans, have contributed to the success of its robust member network of nonprofits and have raised public awareness of the economic impacts of supporting small businesses.
This information is meant to be a general summary of California Association For Microenterprise Opportunity. 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: $203
- Program Service Revenue: $534,991
- Gross Receipts: $3,836,904
Assets and Liabilities:
- Total Assets: $4,592,387
- Total Liabilities: $825,879
- Net Assets: $3,766,508
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership dues
Revenue
$45,850
Program fees
Revenue
$489,141
Organization Details
Founding Year
1993
Phone
(510) 736-0797Principal Officer
Carolina Martinez
Main Address
Two Embarcadero Center 8th Floor, San Francisco, CA, 94111
Website
www.cameonetwork.orgNTEE Category
Code: S193 - Community improvement
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