Overview
What is Coro New York Leadership Center?
Coro New York Leadership Center is a prominent nonprofit organization situated in New York City, specifically at 42 Broadway Ste 2001, New York, NY 10004. The organization's primary mission is to foster leadership development in the city, particularly for mid-career professionals from various sectors, including non-profit, public, and private. Each year, around 50 individuals participate in the Leadership New York program, an initiative that encourages critical thinking and innovation to address pressing issues in the community and organizations. By engaging with New York City as a learning environment, Coro empowers students and executives, activists, and entrepreneurs to enhance their understanding of the city's operations. With over 2,000 alumni spread across diverse fields, Coro plays a significant role in shaping the city's future. As of the provided information, the organization has a staff of 16 individuals dedicated to its mission.
Official website here: www.coronewyork.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
Coro New York Leadership Center has demonstrated strong accountability and financial management, with a perfect score of 100% in this area. The organization boasts a fully independent board, effective oversight mechanisms, and consistently meets transparency standards, such as having a whistleblower policy and conflict of interest guidelines. Their program expense ratio is commendable, indicating that a significant portion of their budget is directed towards program activities.
However, the organization faces challenges in its financial sustainability, highlighted by a low working capital ratio of 0.12 years. This suggests potential issues in maintaining sufficient operational liquidity. While the salaries of key personnel appear reasonable relative to the organization’s scale, this aspect might raise questions among stakeholders regarding executive compensation in relation to the organization's overall financial health.
Overall, while Coro New York Leadership Center excels in governance and programmatic efficiency, its financial stability is a concern that may impact long-term effectiveness and growth.
This AI summary has been generated from information found on Charity Navigator.
Is Coro New York Leadership Center legitimate?
Coro New York Leadership Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coro New York Leadership Center 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: $230,615
Professional Fundraising Fees: $60,792
Other Salaries and Wages: $640,634
For more financial information, click here
Official website here: www.coronewyork.org
What is the mission statement of Coro New York Leadership Center?
The Coro New York Leadership Center serves as New York City's leading platform for nurturing leaders. For nearly three decades, the center has utilized the city as its learning ground, educating and developing individuals from diverse backgrounds such as business, government, schools, and non-profits. By teaching them how the city functions, Coro empowers its students and executives, activists, and entrepreneurs to contribute positively and improve the city's future. The Coro community, comprising over 2,000 alumni, plays a significant role in shaping New York City's destiny.
Official website here: www.coronewyork.org
Who is the CEO of Coro New York Leadership Center?
Adem Bunkeddeko is the Board Chair of Coro New York Leadership Center.
Official website here: www.coronewyork.org
What is the revenue of Coro New York Leadership Center?
Coro New York Leadership Center's revenue in 2022 was $2,482,361.
Official website here: www.coronewyork.org
Who are the executives of Coro New York Leadership Center and what are their salaries?
The average compensation at Coro New York Leadership Center during 2022 was $54,453. There are 16 employees and 31 volunteers at Coro New York Leadership Center.
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- Compensation: $146,758
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- Compensation: $117,965
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- Other: $8,871
Official website here: www.coronewyork.org
Where can I find the form 990 for Coro New York Leadership Center?
Coro New York Leadership Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.coronewyork.org
Learn more at the official website: www.coronewyork.org
Mission Statement of Coro New York Leadership Center
Coro New York Leadership Center, recognized as the premier leadership training program in the city, is dedicated to fostering a community of leaders who are shaping New York City's future. With a mission spanning over three decades, this nonprofit organization uses the city as its classroom, educating students, executives, activists, and entrepreneurs on how New York City functions. This practical learning approach equips them with the skills and knowledge necessary to improve the city, ultimately contributing to its betterment. Coro New York Leadership Center boasts a network of 2,000 alumni, spread across various sectors such as business, government, schools, and non-profits, all of whom have been instrumental in shaping the city's progress.
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Impact
August, 2024
Coro New York Leadership Center plays a pivotal role in shaping the leadership community of New York City. Through programs like Leadership New York, Coro challenges mid-career professionals from various sectors to explore critical issues facing the city and develop innovative strategies for driving positive change in their communities and organizations. With a network of over 2,000 alumni across business, government, schools, and nonprofits, Coro is at the forefront of grooming leaders who are well-equipped to address the complex challenges of the city. By leveraging New York City as a classroom, Coro empowers individuals to truly understand how the city functions and equips them with the knowledge and skills necessary to create meaningful impact. This initiative not only benefits the individuals involved but also contributes significantly to the advancement of civil rights and overall progress in the city.
This information is meant to be a general summary of Coro New York Leadership Center. 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: $13,020
- Program Service Revenue: $580,650
- Gross Receipts: $2,537,167
Assets and Liabilities:
- Total Assets: $1,024,004
- Total Liabilities: $727,910
- Net Assets: $296,094
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$422,950
CONSULTING FEES
Revenue
$157,700
Organization Details
Founding Year
1983
Phone
(212) 248-2935Principal Officer
Adem Bunkeddeko
Main Address
42 BROADWAY STE 2001, NEW YORK, NY, 10004
Website
www.coronewyork.orgNTEE Category
Code: R99Z - Civil rights
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