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California Association For Microenterprise Opportunity

California Association For Microenterprise Opportunity

San Francisco, CA 94102
Tax ID94-3246306

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About this organization

Revenue

$580,950

Expenses

$706,647

Website

microbiz.org

Mission

CAMEO’s mission is to grow a healthy, vibrant thriving environment for all  entrepreneurs and start-up businesses by advancing the work of our statewide member network. CAMEO’s vision is to create economic opportunity for all entrepreneurs, to build wealth and strong California communities. Our member organizations provide entrepreneurs with small business financing such as loans and credit, technical assistance and business management training. As California’s statewide Micro Enterprise association, CAMEO is the voice for Micro Enterprise in California.  We expand resources and building capacity for its member organizations – over 160 lenders, training programs, job creators, agencies and individuals dedicated to furthering Micro Enterprise development in California.

About

California Association for Micro Enterprise Opportunity (CAMEO) is a statewide association of organizations, agencies, and individuals dedicated to furthering micro enterprise development in California. CAMEO was formed in California in 1993 as a public benefit corporation. CAMEOs mission is to increase opportunities for low-income people and communities by building capacity for Californias micro enterprise organizations. CAMEO builds capacity of practitioner organizations to better meet customer needs and improve the working environment for micro enterprise by educating the public and advocating on behalf of micro enterprise development.CAMEO expands resources and builds capacity for its member organizations who are providing entrepreneurs with small business training, business financing and technical assistance - coaching, capital assistance and net-working. CAMEO advocates for public policies that support the business sector and builds public awareness of its economic impacts through the following program categories: Micro-lending enables members who are providing microloans to various businesses access to CAMEO's underwriting platform. Capacity Building members benefit from CAMEOs trainings in micro-lending, best practices, advocacy and workforce development, which specifically target underserved populations including veterans, immigrants and the long term unemployed. Rural Initiative CAMEO works in rural areas serving members throughout the state to bring resources to underserved regions.

Interesting data from their 2019 990 filing

The purpose of the non-profit is listed in the filing as “To grow a healthy, vibrant, thriving environment for all entrepreneurs and start-up businesses by advancing the work of our statewide member network.”.

When discussing its operations, they were characterized as: “To grow a healthy, vibrant, thriving environment for all entrepreneurs and start-up businesses by advancing the work of our statewide member network.”.

  • The non-profit's legally reported state of operation is CA.
  • The filing states that the non-profit's address in the year 2019 is 1 Hallidie Plaza Suite 715, San Francisco, CA, 94102.
  • The form submitted by the non-profit for 2019 shows a total of 5 employees.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are between $500,000 and $1,000,000+.
  • Revenue is between $500,000 and $1,000,000+.
  • Revenue less expenses is -$125,697.
  • The remuneration plan for the CEO of the organization is based on a review and approval process by a neutral entity.
  • The organization elects its board members.
  • The organization has 10 independent voting members.
  • The organization was formed in 1993.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule J.
  • The organization is required to file Schedule O.
  • The organization engages in lobbying activities.
  • The organization pays $356,584 in salary, compensation, and benefits to its employees.
  • The organization pays $77,731 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization's financial statements were reviewed by an accountant.

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