DENVER, Jan. 17, 2017 /PRNewswire/ -- CiviCore, LLC announced that it has converted from an LLC to a Public Benefit Corporation (PBC). CiviCore is a mission driven organization focused on building capacity within the social sector by developing innovative technology solutions for its public and nonprofit sector clients.
Combining traditional for-profit business goals designed to maximize shareholder value with a mission to make a positive change can be challenging. Public Benefit Corporations are a specific type of corporation that allow for organizations to consider the impact of their decisions, not only on their shareholders, but also on their stakeholders and the community at large. The PBC organizational structure has been adopted by 30 states. In fact, over 1,500 progressive corporations have registered as Public Benefit Corporations nationwide.
"We believe that the Public Benefit Corporation organizational structure fits who we are now and have always been. Furthermore, it allows us to enhance who we want to be. This form of incorporation makes our commitment to making a social impact even more deliberate and transparent. We are pleased to make meeting higher standards of purpose and accountability as a part of our governance process," said Charles M. Naumer, CEO.
CiviCore's web-based software solutions support online philanthropy, application management and client/case management systems. In 2016, CiviCore processed over $75 million of donations powering some of the country's largest Gives Days. Additionally, CiviCore systems support hundreds of nonprofit and government agencies that provide youth with mentors, deliver client services, award scholarships, manage youth programs and support outcomes reporting.
"CiviCore is grateful for the opportunity to serve thousands of nonprofit organizations worldwide. We are committed to the development of great software as a service that amplifies our clients' ability to do good work. It is exciting to continue this work as a Public Benefit Corporation. We are thankful to all those who have helped us on this journey," said Charles M. Naumer, CEO.
Headquartered in Denver, Colorado, CiviCore provides cloud-based software as a service solutions to nonprofits and public agencies.
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