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Simpson Street Development Association Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 133082529 ✦ Bronx, NY ✦ Designated as a 501(c)(3)

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Overview

What is Simpson Street Development Association Inc?

Simpson Street Development Association Inc, located in Bronx, New York, serves as a nonprofit organization that is dedicated to the betterment of its community. Their primary mission involves providing job training and employment opportunities for youth aged between 14 and 21. Additionally, they offer educational training to school-going children. Beyond employment and education, they also extend their services to the community at large. With a team of 39 employees, they strive to make a positive impact in the lives of young individuals, equipping them with the necessary skills for their future.

Is Simpson Street Development Association Inc legitimate?

Simpson Street Development Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Simpson Street Development Association 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: $129,749
Professional Fundraising Fees: $0
Other Salaries and Wages: $834,284

For more financial information, click here

What is the mission statement of Simpson Street Development Association Inc?

The Simpson Street Development Association Inc, as per its mission, focuses on providing various services to the community. Primarily, it offers job training and employment opportunities for youth aged between 14 and 21. Additionally, it provides educational training to school-going children. Beyond this, the association also engages in community services. Their employment program is designed to offer jobs and training to around 1200 youth within this age range.

Who is the CEO of Simpson Street Development Association Inc?

Margarita Smith is the Executive Director of Simpson Street Development Association Inc.

What is the revenue of Simpson Street Development Association Inc?

Simpson Street Development Association Inc's revenue in 2022 was $1,157,872.

Who are the executives of Simpson Street Development Association Inc and what are their salaries?

The average compensation at Simpson Street Development Association Inc during 2022 was $24,719. There are 39 employees at Simpson Street Development Association Inc.


Here are 6 key members and their salaries:


Margarita Smith (Executive Director)
  • Compensation: $95,350
  • Related: $0
  • Other: $0
Angela Centano (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erik Arroyo (Co-Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacquelline Rosa (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Butler (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ana Lopez (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Simpson Street Development Association Inc?

Simpson Street Development Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Simpson Street Development Association Inc

Simpson Street Development Association Inc, a nonprofit organization, is dedicated to providing a range of services. At its core, the association aims to offer job training and employment opportunities to youth between the ages of 14 and 21. Furthermore, it extends its educational support to school-aged children. Beyond this, the organization also provides community services, contributing to the overall well-being of its community.

In line with its mission, Simpson Street Development Association Inc operates an employment program that provides jobs and training to approximately 1200 young individuals within the specified age range. This program not only equips them with essential skills but also offers them practical work experiences, thereby preparing them for their future careers.

By offering educational training to school children, Simpson Street Development Association Inc plays a crucial role in fostering their growth and development. This aspect of the organization's mission ensures that children receive the necessary support to excel in their academic endeavors. Furthermore, the community services provided by the association cater to various needs within the community, thereby contributing to its overall well-being.

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Impact




October, 2024

Simpson Street Development Association Inc significantly impacts the Bronx community by providing essential job training and employment opportunities for youth aged 14 to 21. Through its employment program, the organization equips approximately 1,200 young individuals with the skills and experience needed to enter the workforce confidently.

In addition to employment support, the association offers educational training for school children, fostering a culture of learning and personal growth within the community. By addressing both job readiness and educational needs, Simpson Street Development Association Inc plays a critical role in reducing youth unemployment rates, enhancing educational outcomes, and ultimately contributing to the overall development and well-being of the Bronx community. Its commitment to empowering young people not only helps them secure jobs but also instills a sense of purpose and belonging, paving the way for a brighter future.




This information is meant to be a general summary of Simpson Street Development Association 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.

Revenue
$1,157,872 (2022)
Expenses
$1,157,872 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $1,157,872

Assets and Liabilities:

  • Total Assets: $110,775
  • Total Liabilities: $139,481
  • Net Assets: -$28,706

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Parents fee

Organization Details

Founding Year

1970

Principal Officer

Margarita Smith

Main Address

997 EAST 163RD STREET, BRONX, NY, 10459

NTEE Category

Code: J220 - Employment

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