Central Avenue Betterment Association

What it reported doing in 2024

Summer Mentoring Program: * Provides 4th year high school students with mentors and situational experiences plus good work practices designed to prepare and to focus the student on personal successes. * Builds self-esteem giving young persons the inner strength to resist negative peer pressure. * Gives the community positive student/resident/business interaction. * Provides actual situational and work experiences generating future life success paths. * Pays a stipend after completion of the contract. * The program is open to Central Avenue Area High School Seniors. Program's History - For many Years CABA has held the "Student Job Placement Program" Sponsored by the Board of Public Utilities. During the year 2014 and after the execution of the SJPP a full revision of the program's goals and reach was reviewed and within the revision, structural changes were made to the program to increase the participant's community awareness and the promotion of student's leadership. The promotion of leadership and higher education became the specific goals, however, the generation of personal and community pride and the breaking of self-imposed and cultural barriers, were embedded into the new program's structure. The presentation of the program's new structure to CABA's board of directors was made successfully, late 2014 and the first version of this structure was delivered during the summer of 2015. This program has improved with time, and of course, with the student's participation. The program as it stands was received overwhelmingly well by the community's leadership. The Board of Public Utilities was reported and pleased with the results. New leaders and professionals from the community expressed their interest in their participation as mentors. Program's Current State. During the year 2024, we hosted a total of 23 events during June and July, each event delivered in a specific area of human development. We had 15 students enroll in our program and a total of 47 mentors interacting with our students along each of the events. The students experienced self analysis, goal making, time management, learning how to use technology to gain knowledge, networking, family financials, business financials, government structure, government operations, chamber of commerce purpose, table etiquette, dress codes, job placement, public office, candidate vetting, public interviewing, public speaking, breaking ceilings, and many more trades. On the certification day, the students organize their own event, they have to write a report of their experience and present it to the community and the Public Board of Utilities.

Financial Efficiency

• Mission deployment rate: 43.8%; rating input score 44
• Program expense ratio: 71.5%; rating input score 71
• Fundraising efficiency: $10.08 raised per $1 spent on fundraising; rating input score 38; 38th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd 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 8 controls in place; rating input score 62
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Fail
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 38.7%; rating input score 89; 89th percentile among comparable filings
• Total-asset coverage ratio: 2.27; rating input score 68; 68th percentile among comparable filings
• Liabilities to assets ratio: 0.61; rating input score 13; 13th percentile among comparable filings
• Officer compensation ratio: 16.7%; rating input score 20; 20th percentile among comparable filings

Growth

• Program expense growth: 18.2% per year; rating input score 100; 80th percentile among comparable filings
• Revenue growth: 18.5% per year; rating input score 100; 84th percentile among comparable filings
• Asset growth: 28.8% per year; rating input score 100; 90th percentile among comparable filings