Overview
What is Black Employees Association?
The Black Employees Association is a nonprofit organization situated in Inglewood, California, at 520 N La Brea Ave STE 219. Their primary focus is on providing supplemental insurance coverage to its members. This coverage serves as an additional layer of protection, ensuring financial security in various aspects of life. The organization also offers member services to enhance the overall experience and well-being of its members.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 56% (One-Star out of Four Star rating)
The Black Employees Association has received a One-Star rating, indicating significant concerns regarding its accountability and financial practices. With a score of 56%, the organization lacks independent board members and has failed to provide essential financial documentation on its website, such as tax forms and meeting minutes, leading to notable transparency issues.
Despite these shortcomings, the organization demonstrates a strong program expense ratio of 100%, suggesting that all its expenses are directed towards its programs. However, the absence of crucial policies, such as a whistleblower policy and a comprehensive document retention and destruction policy, raises questions about governance and internal controls. The material diversion of assets is noted as none, which is a positive aspect in terms of financial integrity.
Overall, while the Black Employees Association appears to focus its resources effectively on its programs, the lack of transparency and accountability mechanisms could be significant barriers to trust and credibility in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Black Employees Association legitimate?
Black Employees Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Black Employees 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Black Employees Association?
The Black Employees Association's mission is centered around providing supplemental insurance coverage and member services. In essence, the organization works towards ensuring its members have additional protection through insurance, complementing their existing coverage. Furthermore, the association is committed to offering various services to its members, aiming to enhance their overall experience and well-being.
Who is the CEO of Black Employees Association?
Nicole Johnson is the CEO of Black Employees Association The CEO's salary of Black Employees Association is $0 and their total compensation is $0.
What is the revenue of Black Employees Association?
Black Employees Association's revenue in 2023 was $1,930,456.
Who are the executives of Black Employees Association and what are their salaries?
Here are 3 key members and their salaries (Black Employees Association's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Black Employees Association?
Black Employees Association's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Black Employees Association
The Black Employees Association is dedicated to providing supplemental insurance coverage and member services. This organization's mission is centered around ensuring the well-being of its members by offering comprehensive insurance coverage beyond what standard employment benefits might provide. By offering such supplemental insurance, the Association aims to provide a safety net for its members, helping them navigate unexpected health or financial challenges. Furthermore, the Black Employees Association extends its commitment to its members beyond insurance coverage, offering a range of services to support their overall well-being. These services aim to enhance the membership experience, demonstrating the Association's dedication to the holistic needs of its community.
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Impact
July, 2024
The Black Employees Association's impact lies in its mission to provide supplemental insurance coverage and member services to its community in Inglewood, CA. As a vital organization dedicated to civil rights, it plays a significant role in supporting Black employees by offering essential services to enhance their quality of life. Through its focus on providing insurance coverage and additional member services, the association helps address potential gaps in healthcare and financial protection, ultimately contributing to the overall well-being of its members. Additionally, by actively promoting civil rights through its work, the association serves as a beacon of empowerment and advocacy for Black employees in the area.
This information is meant to be a general summary of Black Employees 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 2023.
- Program Service Revenue: $1,811,965
- Gross Receipts: $1,930,456
Assets and Liabilities:
- Total Assets: $40,000
- Total Liabilities: $0
- Net Assets: $40,000
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUPPLEMENTAL INSURA
Revenue
$1,811,965
Organization Details
Principal Officer
Nicole Johnson
NTEE Category
Code: R22 - Civil rights
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