Overview
What is The 122 Community Center Inc?
The 122 Community Center Inc, established in 1977, is a nonprofit organization based in New York City. Its primary mission involves leasing a city-owned building and offering affordable spaces to four arts organizations, an education organization, and ancillary services. Since its inception, the center has successfully secured substantial funding from the City of New York, totaling $36 million, for building upgrades. The first phase of renovations was completed in 2008, followed by a complete gut renovation in 2018. The center houses renowned organizations such as Performance Space New York, Mabou Mines, Movement Research, Painting Space 122, and Alliance for Positive Change. The center also maintains a LEED Gold Certification, committing to reducing energy emissions. During the COVID-19 pandemic, the center temporarily suspended operations but has since reopened and complied with all necessary guidelines. A facade restoration project is under consideration for the building's two street-facing exteriors.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93%, Four-Star out of Four Star rating.
The 122 Community Center Inc has received a strong rating, reflecting its commitment to accountability and financial transparency. With a score of 93%, it showcases effective governance, evidenced by a board with 84% independent members and comprehensive policies in place, including those for conflicts of interest and whistleblower protections.
Financially, the organization demonstrates a high program expense ratio of 98.05%, indicating that the majority of its resources are directed towards its programs rather than administrative costs. The charity has also maintained a favorable liabilities to assets ratio of 51.44%, suggesting a solid financial foundation. However, while the strengths are clear, continued monitoring of financial practices will be essential for sustaining its high rating.
This AI summary has been generated from information found on Charity Navigator.
Is The 122 Community Center Inc legitimate?
The 122 Community Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The 122 Community Center 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
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Other Salaries and Wages: $78,065
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What is the mission statement of The 122 Community Center Inc?
The 122 Community Center Inc's primary mission is to lease a city-owned building and offer affordable rental spaces to non-profit community cultural and educational organizations. Currently, four arts organizations and an education organization call this center home. The organization's aim is to support these non-profits by providing them with a suitable environment for their activities. Over the years, the center has secured substantial funding for building upgrades, with the most recent renovation being completed in 2018. During the COVID-19 pandemic, the center temporarily suspended operations but later reopened adhering to safety guidelines. The center is also committed to reducing its energy emissions and has earned a LEED Gold Certification.
Who is the CEO of The 122 Community Center Inc?
Anne Dennin is the President of The 122 Community Center Inc.
What is the revenue of The 122 Community Center Inc?
The 122 Community Center Inc's revenue in 2022 was $501,258.
Who are the executives of The 122 Community Center Inc and what are their salaries?
The average compensation at The 122 Community Center Inc during 2022 was $19,516. There are 4 employees at The 122 Community Center Inc.
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Where can I find the form 990 for The 122 Community Center Inc?
The 122 Community Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The 122 Community Center Inc
The 122 Community Center Inc, established in 1977, has a primary mission to lease a city-owned building and provide affordable rental spaces to non-profit community cultural and educational organizations. Currently, the center houses four arts organizations and an education organization. Over the years, the center has secured substantial capital project funding from the City of New York, amounting to $36M, which it has utilized to upgrade the building. The first phase of renovations was completed in 2008, and the second phase, a complete gut renovation, was finished in 2018. The center's resident groups, including Performance Space New York, Mabou Mines, Movement Research, Painting Space 122, and Alliance for Positive Change, have all moved back into the renovated building and resumed their programming. The center is also committed to reducing its energy emissions and currently holds a LEED Gold Certification. During the COVID-19 pandemic, The 122 Community Center Inc complied with all necessary guidelines and reopened its doors in accordance with NYC guidelines.
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Impact
July, 2024
The 122 Community Center Inc has a significant impact on the community by providing low-cost rental spaces to nonprofit cultural and educational organizations in New York City. Since its establishment in 1977, the 122 Community Center Inc has successfully managed and improved a city-owned building to support five resident nonprofit organizations. These organizations, including Performance Space New York, Mabou Mines, Movement Research, Painting Space 122, and Alliance for Positive Change, contribute to the cultural and social fabric of the neighborhood and city.
Through securing substantial capital funding and completing renovation projects, The 122 Community Center Inc has created a vibrant hub for artistic expression and community engagement. By providing affordable spaces for these organizations to operate, the center enables them to reach diverse audiences, support artists, and deliver essential services to the community.
Furthermore, The 122 Community Center Inc's commitment to sustainability, as evidenced by its LEED Gold Certification and energy reduction initiatives, underscores its dedication to responsible stewardship of resources and environmental impact.
Overall, The 122 Community Center Inc plays a crucial role in fostering creativity, collaboration, and access to cultural and educational programming in New York City, making a lasting impact on the community and beyond.
This information is meant to be a general summary of The 122 Community Center 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: $38
- Program Service Revenue: $500,422
- Gross Receipts: $501,258
Assets and Liabilities:
- Total Assets: $127,877
- Total Liabilities: $76,026
- Net Assets: $51,851
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Reimbursed expenses
Revenue
$191,398
Rental income
Revenue
$309,024
Organization Details
Phone
(917) 864-5050Principal Officer
Anne Dennin
Main Address
150 FIRST AVE, NEW YORK, NY, 10009
NTEE Category
Code: N02 - Recreation
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