Overview
What is Grand Central Partnership Inc?
Grand Central Partnership Inc is a New York City-based nonprofit organization located at 122 East 42nd Street, 601, with a team of 117 employees. Their primary mission is to enhance the vitality and economic growth of a Business Improvement District (BID) in Midtown Manhattan. They provide supplemental public safety, sanitation, streetscape improvements, visitor information, and business support services. This includes maintaining clean streets, removing litter and graffiti, as well as marketing and special events to benefit property owners, businesses, and residents within the 70 square block area.
Official website here: www.grandcentralpartnership.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Grand Central Partnership Inc has achieved a remarkable 96% rating on Charity Navigator, reflecting strong accountability and financial health. The organization's score is entirely derived from its accountability and finance metrics, indicating a commitment to transparency and responsible management of funds. The presence of a majority independent board and a well-structured audit and oversight committee further reinforces its credibility.
The nonprofit excels in various aspects of governance, with significant points awarded for its independent board members and comprehensive financial policies, including conflict of interest and whistleblower policies. It has demonstrated effective resource allocation, with a program expense ratio of 86.77%, signifying that a substantial portion of its funds directly supports its programs.
However, while the organization presents a robust financial standing, continued transparency and adherence to its established policies will be essential for maintaining stakeholder trust and support. Overall, Grand Central Partnership Inc stands out as a well-managed nonprofit with a strong emphasis on accountability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Grand Central Partnership Inc?
98% of 18 reviewers on Facebook recommend this charity. Here's a summary of their reviews:
The overwhelming sentiment expressed by supporters reflects a high level of satisfaction with Grand Central Partnership Inc. Many users describe it as an exceptional organization, emphasizing its potential to emerge as a leader on a global scale. Such enthusiasm indicates a strong belief in the nonprofit's mission and effectiveness.
Overall, the reviews demonstrate a positive reception, with commenters appreciating the company's efforts and vision. It seems that Grand Central Partnership Inc. is succeeding in making a notable impact within its community and beyond.
This AI summary has been generated from reviews found on Facebook.
Is Grand Central Partnership Inc legitimate?
Grand Central Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grand Central 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: $1,748,985
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,033,104
For more financial information, click here
Official website here: www.grandcentralpartnership.org
What is the mission statement of Grand Central Partnership Inc?
The Grand Central Partnership Inc plays a crucial role in enhancing the vitality and economic growth of a Business Improvement District. Through its efforts, this organization strives to provide various services that benefit property owners, businesses, and residents in a 70-square block area. These services encompass supplemental public safety, sanitation, streetscape improvements, visitor information, and business support. Specifically, in terms of sanitation, Grand Central Partnership Inc takes responsibility for maintaining clean streets, removing litter, and eradicating graffiti. This commitment to cleanliness contributes significantly to the overall appeal and attractiveness of the community.
Official website here: www.grandcentralpartnership.org
Who is the CEO of Grand Central Partnership Inc?
Alfred C Cerullo Iii is the Chair of Grand Central Partnership Inc. The CEO's salary of Grand Central Partnership Inc is $514,824 and their total compensation is $536,403.
Official website here: www.grandcentralpartnership.org
What is the revenue of Grand Central Partnership Inc?
Grand Central Partnership Inc's revenue in 2022 was $13,880,529.
Official website here: www.grandcentralpartnership.org
Who are the executives of Grand Central Partnership Inc and what are their salaries?
The average compensation at Grand Central Partnership Inc during 2022 was $57,967. There are 117 employees and 28 volunteers at Grand Central Partnership Inc.
Here are 44 key members and their salaries (Grand Central Partnership Inc's CEO's salary is $514,824 and their total compensation is $536,403):
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Official website here: www.grandcentralpartnership.org
Where can I find the form 990 for Grand Central Partnership Inc?
Grand Central Partnership Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.grandcentralpartnership.org
Learn more at the official website: www.grandcentralpartnership.org
Mission Statement of Grand Central Partnership Inc
The Grand Central Partnership Inc is a dedicated organization that strives to enhance the vitality and economic growth of a Business Improvement District. By offering supplemental public safety, sanitation, streetscape improvement, visitor information, and business support services, this nonprofit caters to the needs of property owners, businesses, and residents within its jurisdiction.
Sanitation plays a significant role in the Grand Central Partnership Inc's mission. The team meticulously maintains clean streets, curbs, and public spaces, ensuring that the area is free from litter and graffiti. This not only contributes to an aesthetically pleasing environment but also fosters a sense of pride and safety within the community.
Additionally, the Grand Central Partnership Inc provides essential business support services including marketing and special events, which benefit the local businesses and attract visitors to the area. The nonprofit's marketing efforts help to boost the reputation of the businesses, while its special events add vibrancy and energy to the district. By offering these services, the Grand Central Partnership Inc strengthens the economic foundation of the community and enhances the overall quality of life for its residents.
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Impact
October, 2024
Grand Central Partnership Inc significantly enhances the vitality and economic growth of a business improvement district in Midtown Manhattan. Its efforts in sanitation—maintaining clean streets and curbs, along with litter and graffiti removal—contribute to a healthier and more appealing urban environment. By providing supplemental public safety, street enhancement, and visitor information services, the organization fosters a welcoming atmosphere for residents, tourists, and businesses alike.
The Partnership plays a crucial role in supporting local businesses through strategic marketing initiatives and organizing special events that draw visitors and generate activity within the district. This holistic approach not only strengthens community ties but also stimulates economic development by attracting new customers and encouraging investment in the area. Ultimately, Grand Central Partnership Inc's impact is felt through cleaner streets, increased public safety, and a vibrant community that benefits all stakeholders within its 70-square-block area.
This information is meant to be a general summary of Grand Central 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: $61,667
- Program Service Revenue: $13,131,105
- Gross Receipts: $14,199,230
Assets and Liabilities:
- Total Assets: $10,906,247
- Total Liabilities: $1,104,651
- Net Assets: $9,801,596
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TAX ASSESSMENTS
Revenue
$12,709,372
OTHER FEES & CONTRACTS
Revenue
$421,733
Organization Details
Founding Year
1985
Phone
(212) 883-2420Principal Officer
Alfred C Cerullo Iii
Main Address
122 EAST 42ND STREET 601, NEW YORK, NY, 10168
NTEE Category
Code: S400 - Community improvement
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