2024-07-01T03:34:10-04:00 2023-12-31 990 2023-01-01 205282816 Center on Business and Poverty Inc % Thomas Harms CENT 4015244093 2118 SOUTHERN PRESERVE LN FRANKLIN TN 370641647 Thomas Harms Treasurer 2024-07-01 Thomas Harms XXX-XX-XXXX 2023 2023-04-26 12:10:37Z Thomas Harms 2118 SOUTHERN PRESERVE LN FRANKLIN TN 370641647 254252 false X https: www.centeronbusinessandpoverty.com X 2006 MI To alleviate poverty through teaching financial literacy and promoting employee ownership We were established to address the needs of low and moderate income individuals and to support business practices of participatory capitalism. We do this through partnerships with individuals businesses and non profits. 11 11 0 14 0 0 0 254252 0 0 0 0 0 0 0 254252 0 0 0 0 0 114786 0 0 0 0 149068 0 263854 0 -9602 -92685 -42287 -120000 -60000 27315 17713 The Center on Business and Poverty's mission is to alleviate poverty through: Financial Literacy - improving the financial wellness of employees through training programs and the measurement of an individual's financial well-being. Employee Ownership and Participatory Capitalism - supporting companies in creating and launching employee ownership. false false 66391 0 61062 Financial Literacy: We are working to develop financial literacy training for low-income individuals who will watch animated videos on financial topics and afterwards take a simple eight item survey the PFW Scale to measure their learning progress. We have already designed several modules on key financial topics. This program will be made available to employers and organizations were interested in training their employees or members on ways to improve their financial situation. We hope to have this program fully developed and tested by the August of 2024 and begin using it in the fall. The PFW Scale is a reliable measurement of perceived financial distress financial well-being. It provides the user with a score which has been scientifically determined to be a valid and reliable measure of one's perceived personal financial wellness as well as measure for employees learning progress during the financial literacy programs. A recent multinational study of the validation and measurement of The PFW Scale was conducted in 7 different countries and as a result the scale is now available in 6 different languages: Dutch English Italian German Slovenian and Spanish. 136393 0 145328 Employee OwnershipCenter on Business and Poverty works to organize the International Oxford Symposium on Employee Ownership. 2023 was the second year that the symposium has taken place. The aim is to bring together individuals and organizations active in employee ownership from across the world to share ideas and learning. The number of nations represented was impressive: there were at least 20 countries attending including Australia Japan Denmark Slovenia Canada the UK and the US. It was fascinating to hear the different environments in operation. Canada has recently passed legislation to introduce a form of Employee Ownership Trust EOT but their model will not benefit from the same tax advantages as we do in the US. Australia has had one company adopt the EOT which has generated some interest but no tax incentives and little progress. Many countries do have wide adoption of share schemes particularly within their larger businesses but these are often viewed as a form of remuneration rather than as an ownership stake for employees. The event was an energizing experience. Most came away pleased at what has been achieved but with a strong feeling that we can't allow ourselves to become complacent. We could be doing a lot better. There remains a general lack of awareness of employee ownership models and too many business owners find out by chance sometimes too late. 0 0 0 0 0 0 202784 true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false true 2 0 0 false false false false false false false 0 false false false false false 11 11 true false false false false false false true true false false true true true true true true false false false X Thomas Harms 4015244093 2118 SOUTHERN PRESERVE LN FRANKLIN TN 370641647 Len Janski Chairman 20.00 0 X X 0 0 6688 John Hoffmire Vice Chairman 20.00 0 X X 47862 0 0 Thomas Harms Treasurer 20.00 0 X X 0 0 10236 Shelley Hoffmire Secretary 20.00 0 X X 50000 0 0 Ijeoma AgbotiObatoyinbo Director 0.20 0 X 0 0 0 Tara Sabre Collier Director 0.20 0 X 0 0 0 Frank Cumberbatch Director 0.60 0 X 0 0 0 Imruwa Demissie Director 0.20 0 X 0 0 0 Isi Gbandi Director 0.20 0 X 0 0 0 Carmen Porco Director 0.50 0 X 0 0 0 Geetha Tharmaratnam Director 0.20 0 X 0 0 0 97862 0 16924 0 false false false 0 0 0 0 0 254252 0 254252 None 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 254252 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 97862 48931 48931 0 16924 8462 8462 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4787 4787 0 0 0 0 0 0 0 0 0 0 12055 9644 2411 0 0 0 0 0 70000 70000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 892 0 892 0 Bank Fees/PayPal 53 0 53 0 Licenses/Taxes/Permits 316 0 316 0 Loan Repayment 60000 60000 0 0 Newsletter 960 960 0 0 5 0 5 0 263854 202784 61070 0 0 0 0 0 27315 17713 0 0 0 0 0 0 -120000 -60000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -92685 -42287 0 0 0 0 0 0 0 0 0 0 -120000 -60000 0 0 0 0 0 0 -120000 -60000 X 27315 17713 0 0 27315 17713 -92685 -42287 -9602 0 0 0 0 0 X false false false X 76768 73910 20310 83600 61062 315650 0 0 0 0 0 0 0 0 0 0 0 0 76768 73910 20310 83600 61062 315650 57410 258240 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 315650 10182 0.8181 0.7817 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED John Hoffmire Director To fund organization X 120000 60000 false true true 60000 Part VI, Line 2 John Hoffmire has a spouse who is a Director Part VI, Line 12c All officers and directors are required to sign the Conflict of Interest policy on an annual basis. Part VI, Line 19 All governing documents conflict of interest policy and financial statements are available to the general public upon request either in hard copy or via email.