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New York BBB Wise Giving Report for
Center for Employment Opportunities

A BBB Accredited charity

 


  • Meets all standards

Expiration Date:
12/2014
Name:
Center for Employment Opportunities
Address:
32 Broadway 15th Floor
New York, NY 10004
Phone:
212-422-4430
Year, State Incorporated:
1995, New York
Affiliates:
None
Stated Purpose:
" The Center for Employment Opportunities (CEO) is dedicated to providing immediate, effective and comprehensive employment services to men and women with recent criminal convictions. "






Evaluation Conclusions
 

              
Center for Employment Opportunities (CEO) meets the 20 Standards for Charity Accountability.




Programs
 

              
Our highly structured and tightly supervised programs help participants regain the skills and confidence needed for a successful transition to a stable, productive life. CEO’s program model provides a road map for participants to find full-time employment and remain crime fee. CEO achieves these goals by providing life skills education, short-term paid transitional employment, full-time job placement and post-placement services. CEO believes that by addressing the employment needs of persons with criminal convictions, they will be less likely to become re-incarcerated and more likely to build a foundation for a stable, productive life for themselves and their families.



Governance
 

              
Chief Executive Officer:
Mr. Sam Schaeffer, Chief Executive Officer/Executive Director
Chair of the Board:
Mr. David I. Moskovitz
Chair's Profession / Business Affiliation:
Chairperson/Accenture
Board Size:
12
Paid Staff Size:
173



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Grant proposals, internet, cause-related marketing (i.e. affinity credit cards, consumer product sales, etc. that indicate purchases will benefit your organization)
Fund raising costs were 3.4% of related contributions. (Related contributions, which totaled $15,614,459, are donations received as a result of fund raising activities.)




Tax Status
 

              
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

              
The following information is based on CEO's Audited Financial Statements for the fiscal year ended June 30, 2011.

Source of Funds  

New York State

$10,676,703

Contributions

2,875,087

Net Assets Released From Restrictions

2,792,394

New York City

2,225,434

United States Direct Federal

241,497

Other

88,274

Interest and Other Income

53,884

Grant Recoupment

(404,262)

Total Income

$18,549,011

Program Expenses  

Program Services

$14,842,890
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Income in Excess of Expenses

14,842,890
528,951
2,972,887

$18,344,728

$204,283




Uses of Funds as a % of Total Expenses


Programs: 81%  Fund Raising: 3%  Administrative 16% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $1,868,912
42,642
Ending net assets 2,115,837
Total liabilities 4,403,688

Total assets

$6,519,525






 

A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.