Overview
What is 34th Street Partnership Inc?
34th Street Partnership Inc is a New York-based nonprofit organization located at 1065 Avenue of the Americas, with a total of 183 employees. Their primary focus is on enhancing the commercial and physical environment within Manhattan's 34th Street district. They provide a range of services, including sanitation, security, horticulture, visitor information, programming and management of public parks and pedestrian plazas, and designing, constructing, and maintaining streetscape and park improvements, as per their contract with the NYC Department of Small Business Services. Their team consists of uniformed sweepers who clean and maintain public spaces, removing litter, graffiti, and snow, as well as offering visitor information and managing public parks and plazas. Their mission is to create an appealing atmosphere for residents, workers, and visitors in the district.
Official website here: www.34thstreet.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
The 34th Street Partnership Inc has achieved an impressive 96% score, highlighting its strong commitment to accountability and financial management. The organization boasts a fully independent board with all members meeting the criteria for independence, which is crucial for maintaining unbiased governance. Their financial oversight is robust, with no reports of material diversion of assets, ensuring that donations are used effectively.
Furthermore, the organization excels in transparency, as evidenced by its comprehensive policies regarding conflict of interest and whistleblowing, as well as the availability of board meeting minutes and tax forms on its website. A significant program expense ratio of over 90% indicates that the majority of its funding is directed toward its mission-driven activities, reflecting a strong focus on delivering impactful services.
While the data is overwhelmingly positive, potential donors may still wish to keep an eye on the organization’s financial health over time, particularly in relation to its liabilities, which currently stand at 43.73% of its assets. Overall, 34th Street Partnership Inc demonstrates a solid track record of effective governance and financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is 34th Street Partnership Inc legitimate?
34th Street Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 34th Street 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: $1,032,289
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,858,272
For more financial information, click here
Official website here: www.34thstreet.org
What is the mission statement of 34th Street Partnership Inc?
The 34th Street Partnership Inc strives to enhance the commercial and physical environment for individuals in a particular district through various services and improvements. The organization, under a contract with the NYC Department of Small Business Services, offers services including sanitation, security, horticulture, visitor information, programming, and management of public parks and pedestrian plazas. Additionally, they design, construct, and maintain streetscape and park improvements to create an appealing and functional space. The primary goal is to make the district an attractive and enjoyable place for people who live, work, and visit.
Official website here: www.34thstreet.org
Who is the CEO of 34th Street Partnership Inc?
Daniel A Biederman is the President of 34th Street Partnership Inc.
Official website here: www.34thstreet.org
What is the revenue of 34th Street Partnership Inc?
34th Street Partnership Inc's revenue in 2022 was $15,589,751.
Official website here: www.34thstreet.org
Who are the executives of 34th Street Partnership Inc and what are their salaries?
The average compensation at 34th Street Partnership Inc during 2022 was $37,653. There are 183 employees and 50 volunteers at 34th Street Partnership Inc.
Here are 74 key members and their salaries:
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- Other: $10,592
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- Related: $108,421
- Other: $57,874
Official website here: www.34thstreet.org
Where can I find the form 990 for 34th Street Partnership Inc?
34th Street Partnership Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.34thstreet.org
Learn more at the official website: www.34thstreet.org
Mission Statement of 34th Street Partnership Inc
The 34th Street Partnership Inc is a mission-driven organization with a focus on enhancing the commercial and physical environment within a New York City district. Through a contract with the Department of Small Business Services, this nonprofit provides a range of services and improvements designed to benefit the community, including residents, workers, and visitors.
In practice, the 34th Street Partnership Inc strives to elevate the quality of life within the district by offering essential services such as sanitation, security, and horticulture. They go beyond the basics, however, by providing visitor information, programming, and management of public parks and pedestrian plazas. These efforts contribute to an inviting atmosphere, fostering a vibrant community.
Additionally, the 34th Street Partnership Inc is dedicated to designing, constructing, and maintaining streetscape and park improvements. Their team's expertise lies in transforming urban spaces, making them more appealing and functional for all who use them. This commitment extends to the creation and upkeep of public parks and pedestrian plazas, which serve as cherished community hubs and gathering spots. With their comprehensive approach, the 34th Street Partnership Inc continues to make a significant impact on the district they serve.
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Impact
October, 2024
34th Street Partnership Inc significantly enhances the urban landscape and livability of New York City's 34th Street district. By offering essential services such as sanitation, security, and horticulture, they ensure a clean and safe environment for residents, workers, and visitors. Their uniformed sweepers actively maintain cleanliness by removing litter, clearing snow, and managing graffiti, contributing to a more attractive public space.
Additionally, the organization plays a vital role in managing parks and pedestrian plazas, enriching community interactions through programming and events. Their efforts in designing and constructing streetscape improvements further elevate the district's aesthetics and functionality, fostering a vibrant atmosphere that draws people to the area. Overall, the impact of 34th Street Partnership Inc is profound, as it not only improves the physical environment but also enhances the community's quality of life.
This information is meant to be a general summary of 34th Street 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: $720
- Program Service Revenue: $13,967,364
- Gross Receipts: $15,589,751
Assets and Liabilities:
- Total Assets: $15,581,728
- Total Liabilities: $8,043,470
- Net Assets: $7,538,258
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Assessments
Revenue
$13,000,000
Park concession license fees
Revenue
$306,974
Park and Plaza use fees
Revenue
$289,968
Reimbursed services
Revenue
$227,690
Lightpole and visitor service car
Revenue
$142,732
Organization Details
Founding Year
1991
Phone
(212) 719-3434Principal Officer
Daniel A Biederman
Main Address
1065 Avenue of the Americas 2400, New York, NY, 10018
Website
www.34thstreet.orgNTEE Category
Code: S400 - Community improvement
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