Center For Economic Empowerment And Development Ceed
- Assets
- $4.1m
- Revenue
- $867.8k
- Investments
- $0.0
- Employees
- 9
- Location
- Fayetteville, NC
- Founding
- 03/1990
- Data as of
- 06/2020
- EIN
- 58-1873977
Organization Overview
Center For Economic Empowerment And Development Ceed is located in Fayetteville, NC. The organization was established in 1990. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2020, Center For Economic Empowerment And Development Ceed employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Economic Empowerment And Development Ceed is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Center For Economic Empowerment And Development Ceed generated $867.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $694.2k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
PROVIDE SHORT-TERM HOUSING FOR HOMELESS AND AFFORDABLE RENTAL HOMES TO LOW -TO-MODERATE INCOME FAMILIES
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.
PROVIDE SHORT-TERM HOUSING FOR HOMELESS AND AFFORDABLE RENTAL HOMES TO LOW -TO-MODERATE INCOME FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Lockett Tally Board Member | OfficerTrustee | $0 | |
Caroline Glackin Vice Preside | OfficerTrustee | $0 | |
Trisha Taris President | OfficerTrustee | $0 | |
Fred Cutter Secretary | OfficerTrustee | $0 | |
Suzy Hrabovsky Executive Di | Officer | $0 | |
Debbie Belles Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $590,354 |
| Investment income | $55,242 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$61,269 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $867,848 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $278,011 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,272 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,128 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,050 |
| Travel | $2,568 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $49,182 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $110,286 |
| Insurance | $35,713 |
| All other expenses | $0 |
| Total functional expenses | $694,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $721,129 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $65,176 |
| Accounts receivable, net | $23,798 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $763,630 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $616 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,973 |
| Total assets | $4,146,746 |
| Accounts payable and accrued expenses | $17,620 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $2,508,550 |
| Other liabilities | $130,752 |
| Total liabilities | $2,656,922 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,489,824 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Center For Economic Empowerment And Development Ceed has recieved totaling $22,679.
| Awarding Organization | Amount |
|---|---|
Cumberland Community Foundation Inc Fayetteville, NC PURPOSE: CHARITABLE GIFT | $22,679 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Signal Centers Inc Chattanooga, TN | $10,070,860 | $27,319,073 |
Louise W Eggleston Center Inc Norfolk, VA | $29,105,931 | $28,904,867 |
Boulder Crest Foundation Bluemont, VA | $39,968,822 | $23,145,930 |
Central Fairfax Services Inc Springfield, VA | $6,565,063 | $13,281,706 |
Area Congregations Together In Service Richmond, VA | $1,536,280 | $15,128,315 |
Cedars Of Chapel Hill Club Inc Chapel Hill, NC | $6,435,897 | $14,257,296 |
Meritan Inc Memphis, TN | $4,688,088 | $16,356,031 |
Sober Living America Inc Woodstock, GA | $3,253,129 | $12,866,607 |
Hilltoppers Inc Crossville, TN | $11,714,552 | $11,864,400 |
Lakeway Center Of The Handicapped Inc Morristown, TN | $5,691,574 | $10,737,798 |
Project Community Connections Inc Snellville, GA | $7,907,860 | $10,954,285 |
Prs Inc Oakton, VA | $7,358,160 | $12,734,897 |