Overview
What is Union Square Partnership Inc?
Union Square Partnership Inc is a nonprofit organization situated in New York, specifically at 200 Park Avenue South 1320, dedicated to the economic revitalization and preservation of the 14th Street area. Their primary focus includes advocating for business growth, collaborating with local businesses, residents, cultural institutions, and academic entities to ensure the area's success. The organization provides various services such as economic development, marketing, and event programming, aiming to promote and enhance the quality of life in the neighborhood. Additionally, they invest in the beautification and maintenance of Union Square Park, the district's focal point, offering free programming, events, and marketing materials. Their mission encompasses maintaining Union Square Park's appeal and contributing to the overall well-being of the neighborhood.
Official website here: www.unionsquarenyc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
Union Square Partnership Inc has received a Three-Star rating from Charity Navigator, reflecting an overall score of 83%. This rating is based entirely on the Accountability & Finance category, indicating that the organization has a solid financial foundation but may need to improve on certain governance aspects. The high score shows that the organization is managing its resources effectively, which is crucial for maintaining donor trust and sustaining operations.
The nonprofit exhibits strong governance practices, with a fully independent board comprising 12 members, and it has demonstrated no material diversion of assets. The organization has also maintained transparency by listing its website on the tax form and implementing a comprehensive conflict of interest policy. However, it notably lacks a whistleblower policy and a document retention and destruction policy, which are important for ensuring ethical accountability and operational integrity.
Financially, Union Square Partnership allocates a significant portion of its budget to program expenses, with a program expense ratio of 70.43%. This suggests a commitment to its mission and effective use of funds to support its activities. The organization's liabilities to assets ratio stands at 40.22%, indicating a manageable level of debt relative to its assets, which is a positive sign for its financial health. Overall, while the organization shows strong accountability practices, addressing the noted governance gaps could enhance its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Union Square Partnership Inc legitimate?
Union Square Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Union Square Partnership Inc 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $170,124
For more financial information, click here
Official website here: www.unionsquarenyc.org
What is the mission statement of Union Square Partnership Inc?
Union Square Partnership Inc's mission is to spearhead economic growth and preservation in its respective district, collaborating with local businesses, residents, and academic and cultural institutions. The organization's activities encompass economic development and marketing services, event and educational programming, and investments in park beautification and maintenance. Its primary goal is to enhance the quality of life in the neighborhood through these initiatives, acting as a leading advocate for the district's continued success.
Official website here: www.unionsquarenyc.org
Who is the CEO of Union Square Partnership Inc?
Edward Janoff is the Chair of Union Square Partnership Inc.
Official website here: www.unionsquarenyc.org
What is the revenue of Union Square Partnership Inc?
Union Square Partnership Inc's revenue in 2022 was $508,192.
Official website here: www.unionsquarenyc.org
Who are the executives of Union Square Partnership Inc and what are their salaries?
There 8 volunteers at Union Square Partnership Inc.
Here are 10 key members and their salaries:
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- Related: $235,305
- Other: $66,356
- Compensation: $0
- Related: $151,338
- Other: $32,807
Official website here: www.unionsquarenyc.org
Where can I find the form 990 for Union Square Partnership Inc?
Union Square Partnership Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.unionsquarenyc.org
Learn more at the official website: www.unionsquarenyc.org
Mission Statement of Union Square Partnership Inc
Union Square Partnership Inc, as a leading advocate, strives for economic growth in its designated area. Collaborating with local businesses, residents, cultural institutions, and academic institutions, this nonprofit organization works tirelessly to ensure the success of the Union Square-14th Street neighborhood. Their mission encompasses various programs, including economic development and marketing services, event and education programming, and investments in the beautification and maintenance of Union Square Park, often referred to as the district's crown jewel. The ultimate goal of Union Square Partnership Inc is to enhance the quality of life in the neighborhood by promoting its growth and development through these initiatives.
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Impact
July, 2024
Union Square Partnership Inc plays a crucial role in promoting economic growth and community improvement in the Union Square-14th Street neighborhood of New York City. Through their various activities such as park maintenance, restoration, marketing, and promotional events, the organization enhances the quality of life in the area. They collaborate with businesses, residents, and cultural institutions to ensure the district's continued success. Furthermore, their investment in beautification and maintenance of Union Square Park contributes to the overall well-being of the community. By providing economic rehabilitation and preservation services, Union Square Partnership Inc has a significant impact on the vitality and prosperity of the neighborhood.
This information is meant to be a general summary of Union Square Partnership Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
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.
- Investment Income: $342
- Gross Receipts: $508,192
Assets and Liabilities:
- Total Assets: $838,580
- Total Liabilities: $204,833
- Net Assets: $633,747
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Organization Details
Founding Year
1979
Phone
(212) 460-1200Principal Officer
Edward Janoff
Main Address
200 PARK AVENUE SOUTH 1320, NEW YORK, NY, 10003
Website
www.unionsquarenyc.orgNTEE Category
Code: S20 - Community improvement
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