Overview
What is Lincoln Center Development Project Inc?
The Lincoln Center Development Project Inc is a New York-based nonprofit organization, specifically located at 70 Lincoln Center Plaza, 9th Floor, New York, NY 10023. Their primary mission is to carry out charitable work by offering financial, professional, and other forms of assistance to renovate, modernize, and reconfigure public buildings for exhibitions and cultural activities. The organization is dedicated to implementing and overseeing the planned redevelopment of the Lincoln Center campus for charitable purposes, as detailed in Schedule O.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Lincoln Center Development Project Inc has received a solid three-star rating from Charity Navigator, reflecting a 79% score in accountability and finance. This rating indicates a strong commitment to transparency and responsible management, as evidenced by their independent board structure and comprehensive policies that promote ethical governance.
The organization excels in financial oversight, with a perfect score in audit and oversight committee performance, and has shown no material diversion of assets. Additionally, they have a high program expense ratio of 98.45%, suggesting that a significant majority of their resources are directed toward their mission-related activities rather than administrative costs.
While the overall rating is positive, the feedback does not indicate any specific limitations or areas for improvement, which suggests that the organization has established robust practices. Lincoln Center Development Project Inc appears to be a well-managed nonprofit, making efficient use of its funds to support its initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Lincoln Center Development Project Inc legitimate?
Lincoln Center Development Project Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lincoln Center Development Project 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: $732,050
Professional Fundraising Fees: $0
Other Salaries and Wages: $73,476
For more financial information, click here
What is the mission statement of Lincoln Center Development Project Inc?
The Lincoln Center Development Project Inc is dedicated to implementing and overseeing the charitable redevelopment and transformation of a public campus. Through financial, professional, and other forms of assistance, they aim to erect, reconstruct, renovate, modernize, and reconfigure buildings for public expositions and cultural activities. The organization's mission is to enhance the educational and cultural experience for the public. The planned redevelopment, furthering the exempt and charitable purpose of the corporation, will result in improved facilities for various cultural activities. For more details, please refer to Schedule O.
Who is the CEO of Lincoln Center Development Project Inc?
Jim O'Hara is the Board Chair of Lincoln Center Development Project Inc.
What is the revenue of Lincoln Center Development Project Inc?
Lincoln Center Development Project Inc's revenue in 2022 was $277,875,106.
Who are the executives of Lincoln Center Development Project Inc and what are their salaries?
There 4 volunteers at Lincoln Center Development Project Inc.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $546,023
- Related: $0
- Other: $138,903
- Compensation: $0
- Related: $702,670
- Other: $32,692
- Compensation: $0
- Related: $484,342
- Other: $31,532
- Compensation: $151,506
- Related: $0
- Other: $31,275
- Compensation: $133,617
- Related: $0
- Other: $13,014
Where can I find the form 990 for Lincoln Center Development Project Inc?
Lincoln Center Development Project Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lincoln Center Development Project Inc
The Lincoln Center Development Project Inc is a charitable organization dedicated to the implementation and oversight of the planned redevelopment and transformation of a public campus. Through financial, professional, and other forms of assistance, this corporation facilitates the erection, reconstruction, renovation, modernization, and reconfiguration of buildings open to the public for expositions and cultural activities. The mission of the Lincoln Center Development Project Inc is multifaceted. By furthering its exempt and charitable purpose in this manner, it contributes significantly to the cultural and artistic landscape of the community. The organization's efforts to revitalize and enhance these structures provide opportunities for the public to engage in various forms of artistic expression and exploration. The Lincoln Center Development Project Inc continues its crucial role in supporting the growth and evolution of the cultural sector, ensuring that it remains a vibrant and accessible resource for all.
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Impact
October, 2024
Lincoln Center Development Project Inc plays a pivotal role in the transformation and revitalization of the Lincoln Center campus in New York City. By implementing and overseeing planned redevelopment efforts, the organization ensures that the campus remains a dynamic hub for cultural activities and public expositions. Its initiatives contribute significantly to the modernization, renovation, and reconfiguration of buildings that serve the community, fostering a vibrant environment where arts and culture can flourish.
The financial, professional, and logistical support provided by the organization not only enhances the physical space of Lincoln Center but also promotes access to a diverse array of cultural experiences. This commitment to improving the campus underlines its mission to enrich the public's engagement with the arts, making the center a continually evolving destination for both locals and tourists alike. Ultimately, Lincoln Center Development Project Inc is instrumental in preserving the legacy and enhancing the relevance of the arts within the community, ensuring that the center remains a key player in New York City's rich cultural landscape.
This information is meant to be a general summary of Lincoln Center Development Project 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.
- Program Service Revenue: $275,467,502
- Gross Receipts: $277,875,106
Assets and Liabilities:
- Total Assets: $39,530,381
- Total Liabilities: $39,535,615
- Net Assets: -$5,234
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PLANNED REDEVELOPMENT
Revenue
$275,467,502
Organization Details
Founding Year
2001
Phone
(212) 875-5000Principal Officer
Jim O'Hara
Main Address
70 LINCOLN CENTER PLAZA 9TH FL, NEW YORK, NY, 10023
NTEE Category
Code: A99 - Arts
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