Overview
What is 25045 A New Clendenin?
25045 A New Clendenin is a nonprofit organization based in Clendenin, West Virginia. Their primary goal is to stimulate growth and investment in the area, as well as support educational initiatives. They are actively working on establishing a Clendenin Center for Education and Small Business Incubator. Additionally, they have rented out space in the Clendenin Middle School for a Federally qualified health clinic, and have plans for subsidized housing for the elderly and office space. The Rosy Theater is undergoing renovations to serve as a community theater facility, while the Clendenin Gymnasium is currently used for sports events and office space. In 2022, they coordinated a grant with the Harper foundation to contribute funds towards developing Clendenin, with portions of the grant going to the Elk River Association and the town of Clendenin.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
A New Clendenin has received a solid Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity's overall score is derived entirely from its accountability and finance metrics, indicating a reliable management of resources and transparency in operations. The most recent fiscal year evaluated was FY2022, during which the organization demonstrated effective financial stewardship.
One of the key strengths of A New Clendenin lies in its governance structure, with a fully independent board of directors, scoring 100% in that area. Furthermore, the organization scored impressively across various metrics, including a 99.38% program expense ratio, suggesting that a significant portion of its funds is directed towards its programs rather than administrative costs. Other positive indicators include a strong conflict of interest policy and the proper documentation of board meeting minutes.
However, while the overall score is commendable, it is important to note that the rating is solely based on the accountability and finance beacon. This means that aspects such as program effectiveness or donor impact were not evaluated in this scoring, which could be an area for potential improvement or further development in future assessments.
This AI summary has been generated from information found on Charity Navigator.
Is 25045 A New Clendenin legitimate?
25045 A New Clendenin is a legitimate nonprofit organization registered as a 501(c)(3) entity. 25045 A New Clendenin 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:
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What is the mission statement of 25045 A New Clendenin?
25045 A New Clendenin's mission is centered around attracting new investment and fostering development in the area. They also aim to promote education by establishing an education center and a small business incubator. Furthermore, they are committed to maintaining spaces for a health center, low-income events, and community gatherings. The organization is also involved in facilitating the rental of space for a federally qualified health clinic and providing subsidized housing for the elderly. Additionally, they are working on renovating a theater for community use and managing a gymnasium for sporting events and office space.
Who is the CEO of 25045 A New Clendenin?
Dennis Thornburg is the Treasurer of 25045 A New Clendenin.
What is the revenue of 25045 A New Clendenin?
25045 A New Clendenin's revenue in 2022 was $692,429.
Who are the executives of 25045 A New Clendenin and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for 25045 A New Clendenin?
25045 A New Clendenin's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 25045 A New Clendenin
25045 A New Clendenin, a nonprofit organization, is committed to two primary objectives. Firstly, it strives to attract new investment and development to its area, aiming to stimulate economic growth and progress. Secondly, it focuses on facilitating education endeavors and maintaining spaces for community events, including a health center and facilities for low-income residents. The organization is actively involved in several projects, such as the development of the Clendenin Center for Education and Small Business Incubator. Additionally, it has arranged for the use of Clendenin Middle School as a site for a Federally qualified health clinic, and provides subsidized housing for the elderly. The Rosy Theater undergoes renovation to serve as a multi-purpose facility for the community's benefit. Furthermore, 25045 A New Clendenin utilizes the Clendenin Gymnasium for sporting events and office space, while also acquiring the Riverview Property to contribute to the overall development of the area. In 2022, the organization received a significant grant from the Harper foundation, which they further disseminated to support the Elk River Association and the town of Clendenin in their collective efforts to advance the development of Clendenin.
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Impact
July, 2024
The impact of 25045 A New Clendenin includes efforts to attract new investment and development to the Clendenin area, facilitate education endeavors, and maintain spaces for a health center, low-income housing, and community events. Specifically, the organization is working on developing the Clendenin Center for Education and Small Business Incubator, providing space for a Federally qualified health clinic, subsidized housing for the elderly, and office space. Additionally, they are renovating the Rosy Theater to operate as a multi-purpose theater facility and utilizing the Clendenin Gymnasium for sporting events and office space. The acquisition of the Riverview Property further expands their reach and impact. An example of their collaboration is the coordination of a $100,000 grant in 2022, with $25,000 allocated to 25045 A New Clendenin. Through this grant, $75,000 was passed through to the Elk River Association and the town of Clendenin to further develop the area. The organization's mission is to improve the community through these initiatives.
This information is meant to be a general summary of 25045 A New Clendenin. 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: $77
- Gross Receipts: $741,169
Assets and Liabilities:
- Total Assets: $2,765,995
- Total Liabilities: $959,424
- Net Assets: $1,806,571
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Organization Details
Founding Year
2003
Principal Officer
Dennis Thornburg
Main Address
PO Box 421, Clendenin, WV, 25045
NTEE Category
Code: S32 - Community improvement
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