Center for Economic Empowerment and Development
Nonprofit profile at a glance
- EIN
- 581873977
- IRS 990 coverage
- 2011–2019
- Forms available
- Form 990 2019
- Location
- Fayetteville, NC, USA
- Phone
- 9103233377
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Centers to Support the Independence of Specific Populations
Reported finances
- Revenue
- $867,848
- Expenses
- $694,249
- Assets
- $4,146,746
- Liabilities
- $2,656,922
Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- TRISHA TARIS (PRESIDENT)
People named in this filing
- DEBBIE BELLES (BOARD MEMBER)
- FRED CUTTER (SECRETARY)
- BILL DREWRY (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote both small business and personal growth, productiveness and well being through loans, peer counseling, education, information, and other advocacy programs throughout cumberland county, North Carolina.
What it reported doing in 2019
Provide career development, income opportunities, training and resources for business owners; provide training and support to displaced homemakers, assisting them in becoming economically independent; adult basic education, including quickbooks software application.
Operating model
- Revenue model
- Grant-funded. 61% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 58
- Transparency & Controls: 92
- Accountability: 88
- Sustainability: 74
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58.6%; rating input score 59
- Program expense ratio: 74.9%; rating input score 75
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 20%; rating input score 79; 79th percentile among comparable filings
- Total-asset coverage ratio: 5.97; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: 0.64; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 83; 83rd percentile among comparable filings
Growth
- Program expense growth: -7.4% per year; rating input score 0; 9th percentile among comparable filings
- Revenue growth: -6.4% per year; rating input score 0; 7th percentile among comparable filings
- Asset growth: 0.1% per year; rating input score 100; 26th percentile among comparable filings
Details
- Where the money goes: 58.6% of revenue deployed · 74.9% of spending went to programs
- Governance: 10 of 10 board members independent · 5 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $520K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 25 of 25 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 9 filing years from 2011 to 2019
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Financial Efficiency: Mission deployment rate scored 59/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.