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Business Outreach Center Network Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 113306111 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

Overview

What is Business Outreach Center Network Inc?

Business Outreach Center Network Inc is a nonprofit organization situated in Brooklyn, New York, at 85 South Oxford Street. Their primary mission is to economically empower individuals and create employment opportunities within low-income communities. They achieve this by offering various business services to underprivileged entrepreneurs. These services include assistance with contracts, financing, and capacity-building for organizations. The organization's aim is to enhance the economic prospects of traditionally underserved groups, including low- and moderate-income entrepreneurs, ultimately contributing to improved futures for these communities. With a workforce of 60 individuals, Business Outreach Center Network Inc actively strives to make a positive impact on these communities.


Official website here: www.bocnet.org

Is Business Outreach Center Network Inc legitimate?

Business Outreach Center Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Business Outreach Center Network Inc 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.

Here are some key statistics you may want to consider:

Executive Compensation: $352,875
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,247,260

For more financial information, click here


Official website here: www.bocnet.org

What is the mission statement of Business Outreach Center Network Inc?

Business Outreach Center Network Inc's mission is centered around improving the economic prospects of traditionally underserved groups, with a strong focus on low- and moderate-income entrepreneurs and their communities. The organization strives to create more promising futures for these groups by providing a range of business services. This includes microenterprise and minority business development programs, which offer entrepreneurial support, access to contracts and financing, and capacity-building services to organizations. The ultimate goal is to economically empower individuals in low-income communities and create job opportunities.


Official website here: www.bocnet.org

Who is the CEO of Business Outreach Center Network Inc?

Nancy Carin is the Executive Dir. of Business Outreach Center Network Inc.


Official website here: www.bocnet.org

What is the revenue of Business Outreach Center Network Inc?

Business Outreach Center Network Inc's revenue in 2022 was $5,405,936.


Official website here: www.bocnet.org

Who are the executives of Business Outreach Center Network Inc and what are their salaries?

The average compensation at Business Outreach Center Network Inc during 2022 was $43,336. There are 60 employees and 15 volunteers at Business Outreach Center Network Inc.

Here are 20 key members and their salaries:

    Nancy Carin (Executive Dir.) [Trustee/Director]
  • Compensation: $230,750
  • Related: $0
  • Other: $31,429

    • Elena Zikuss (Cfo)
  • Compensation: $154,755
  • Related: $0
  • Other: $34,972

    • Rodney Santiago (Cpo)
  • Compensation: $168,475
  • Related: $0
  • Other: $19,614

    • Roxanne Neilson (Program Director)
  • Compensation: $106,772
  • Related: $0
  • Other: $19,627

    • Quincy Ely-Cate (Program Director)
  • Compensation: $107,836
  • Related: $0
  • Other: $15,710

    • Lauren Evans (Sr Program Manager)
  • Compensation: $102,585
  • Related: $0
  • Other: $16,913

    • Kwok C Chu (Program Manager)
  • Compensation: $92,678
  • Related: $0
  • Other: $15,193

    • John Frias (Sr Program Manager)
  • Compensation: $86,987
  • Related: $0
  • Other: $20,783

    • Leslie Winter (Co-Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gregory J Libertiny (Co-Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Walter Sweet (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Mueller (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daniel Liu (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nicole Roco (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bijal N Vira (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nkonye Okoh (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kunal Verma (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Acevedo (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Eileen V Thornton (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Victor Salama (Member Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.bocnet.org

    Where can I find the form 990 for Business Outreach Center Network Inc?

    The Business Outreach Center Network Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.bocnet.org

    Learn more at the official website: www.bocnet.org

    Mission Statement of Business Outreach Center Network Inc

    Business Outreach Center Network, a nonprofit organization, is committed to economically empowering individuals and fostering job creation in low-income communities. Their mission is centered on enhancing the economic prospects of traditionally underserved groups, with a particular focus on low- and moderate-income entrepreneurs and their communities. By doing so, Business Outreach Center Network aims to create more promising futures for these communities.

    To achieve this mission, the organization offers a variety of services. Their primary focus is on providing business services to under-served entrepreneurs. This includes offering access to contracts, financing, and capacity-building services to organizations. By offering these resources, Business Outreach Center Network empowers entrepreneurs to launch and grow their businesses, ultimately contributing to the economic development of low-income communities. The organization's mission is a testament to its commitment to uplifting underserved populations and fostering sustainable economic growth.

    Impact

    This information is meant to be a general summary of Business Outreach Center Network Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Business Outreach Center Network Inc's impact lies in economically empowering individuals and creating job opportunities in low-income communities. Through its microenterprise and minority business development programs, the organization provides vital business services to underserved entrepreneurs. By offering access to contracts, financing, and capacity-building services to organizations, Business Outreach Center Network Inc plays a crucial role in fostering economic growth and sustainability in these communities. This ultimately leads to improved economic prospects for traditionally underserved groups, particularly low- and moderate-income entrepreneurs, creating genuinely brighter futures and contributing to overall community improvement.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $240,175
  • Gross Receipts: $5,405,936

    • Assets and Liabilities:
  • Total Assets: $4,372,318
  • Total Liabilities: $1,374,485
  • Net Assets: $2,997,833
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Loan Program Interest

    Revenue

    $1,836

    Program Service

    Revenue

    $238,339

    Organization Details

    Founding Year

    1996

    Principal Officer

    Nancy Carin

    Main Address

    85 SOUTH OXFORD STREET, BROOKLYN, NY, 11217

    NTEE Category

    Code: S41 - Community improvement

    If you are a representative of Business Outreach Center Network Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.