Overview
What is Vestedin?
Vestedin is a nonprofit organization situated in Philadelphia, Pennsylvania. Its primary mission is to promote economic empowerment and generate employment opportunities within the local community, particularly in areas historically underserved by conventional financial institutions. To achieve this goal, Vestedin offers capital, technical assistance, and financial services as innovative solutions. Furthermore, the organization operates a program aimed at high school students, providing insights into financial education, college planning, and career planning. With a staff of 12 dedicated individuals, Vestedin plays a significant role in boosting small businesses and enhancing the local Philadelphia economy.
Official website here: www.vestedin.org.
Is Vestedin legitimate?
Vestedin is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vestedin 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: $102,019
Professional Fundraising Fees: $0
Other Salaries and Wages: $290,209
For more financial information, click here
Official website here: www.vestedin.org.
What is the mission statement of Vestedin?
Vestedin's mission is centered around promoting economic empowerment for small businesses and the community, thereby increasing employment opportunities. As an innovative response to a historically underserved low-income community, Vestedin provides capital, technical assistance, and financial services. Additionally, the organization operates a program for high school students, offering insights into financial education, college planning, and career planning.
Official website here: www.vestedin.org.
Who is the CEO of Vestedin?
What is the revenue of Vestedin?
Who are the executives of Vestedin and what are their salaries?
The average compensation at Vestedin during 2022 was $32,686. There are 12 employees and 19 volunteers at Vestedin.
Here are 13 key members and their salaries:
- James R Burnett (Executive Director)
- Fred Alston (Chairman) [Trustee/Director]
- Vanessa Williams (Treasurer) [Trustee/Director]
- Michael Roepel (Board Member) [Trustee/Director]
- Kimberly Reed (Board Member) [Trustee/Director]
- Andre Andrews (Board Member) [Trustee/Director]
- Robyn Chin (Board Member) [Trustee/Director]
- Malcolm Yates (Board Member) [Trustee/Director]
- Darryl Ridgeway (Board Member) [Trustee/Director]
- Ismail Shahid (Board Member) [Trustee/Director]
- Naja Muhammad (Board Member) [Trustee/Director]
- Alan Wilson (Board Member) [Trustee/Director]
- Cierrah West-Williams (Board Member) [Trustee/Director]
Official website here: www.vestedin.org.
Where can I find the form 990 for Vestedin?
The Vestedin’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.vestedin.org.
Learn more at the official website: www.vestedin.org.
Mission Statement of Vestedin
Vestedin, a notable organization, is committed to facilitating economic empowerment for small businesses and the community in the Philadelphia area, thereby increasing employment opportunities. The mission of Vestedin is multifaceted, encompassing the provision of capital, technical assistance, and financial services. This innovative response caters to a low-income community that has historically been underserved by traditional financial institutions.
Beyond its financial services, Vestedin also operates a program specifically for high school students. This initiative aims to impart financial education, college planning, and career planning, providing valuable insights and knowledge for the younger generation. By doing so, Vestedin is not only supporting the present but also investing in the future, fostering a community that is financially literate and economically empowered.
Impact
This information is meant to be a general summary of Vestedin. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Vestedin's impact is evident in the economic empowerment it brings to small businesses and the community in the Philadelphia area. By providing capital, technical assistance, and financial services to a historically underserved low-income community, Vestedin is creating avenues for growth and sustainability in the local economy. Additionally, their program for high school students contributes to financial education, college planning, and career development, preparing the future workforce for success. Through these initiatives, Vestedin is actively fostering increased employment opportunities and financial literacy, ultimately contributing to the overall prosperity of the Philadelphia community.
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 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INVESTMENT INCOME FROM JOINT VENTURE
Revenue
$209,954
PROGRAM SERVICE REVENUE
Revenue
$79,034
INTEREST INCOME - LOANS
Revenue
$18,877
LOAN FEES
Revenue
$13,817
Organization Details
Founding Year
1996
Phone
(215) 452-0100
Principal Officer
James Burnett
Main Address
3675 MARKET STREET, PHILADELPHIA, PA, 19104
Website
www.vestedin.org.
NTEE Category
Code: L80 - Housing
If you are a representative of Vestedin 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.