Overview
What is New Settlement Community Campus Corp?
New Settlement Community Campus Corp is a nonprofit organization situated in New York City, specifically at 247 W 37TH STREET 4TH FL, New York, NY 10018. Established to develop and construct a state-of-the-art community center with a swimming pool in the Mt. Eden section of the Bronx, it has leased the land and building from the New York City School Construction Authority for 50 years, with options for an additional 25 years. The organization offers a range of social, recreational, educational, and cultural activities, events, and after-school programs in its newly constructed community center, benefiting the local school and community. These activities include gym classes, dance programs, and after-school programs, which have seen a consistent increase in membership each year. The center serves as a hub for community engagement, with over 7,500 members, and has revitalized a blighted block in the neighborhood with its architectural beauty. During the summer, the center serves over 800 campers weekly and additional community members in group swim classes. The Alvin Ailey Dance Program serves 170 children aged 4-12 through ballet and hip-hop classes. The organization also collaborates with the three public schools housed in the campus, participating in Alvin Ailey residencies.
Official website here: www.newsettlementcommunitycenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
New Settlement Community Campus Corp has received a Three-Star rating from Charity Navigator, reflecting its solid performance in accountability and finance. The organization's overall score is based entirely on its accountability and finance score, which stands at 81%. This high score indicates a strong commitment to transparency and responsible financial management, with several key policies in place, such as a conflict of interest policy and a whistleblower policy.
The organization stands out with an impressive program expense ratio of 99.44%, suggesting that nearly all of its expenses are dedicated to its programs rather than administrative costs. Furthermore, it has successfully maintained a low liabilities to assets ratio of 0.07%, indicating a stable financial position. These metrics highlight New Settlement Community Campus Corp's effective use of resources to further its mission.
While the financial leadership salaries are noteworthy, with the president earning $286,870 and other key persons also receiving significant compensation, this aspect may raise questions among some donors regarding the allocation of funds. Overall, the charity demonstrates strong financial health and effective governance, though concerns about executive compensation could be a point for potential supporters to consider.
This AI summary has been generated from information found on Charity Navigator.
Is New Settlement Community Campus Corp legitimate?
New Settlement Community Campus Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Settlement Community Campus Corp 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.newsettlementcommunitycenter.org
What is the mission statement of New Settlement Community Campus Corp?
New Settlement Community Campus Corp was established with the goal of developing and constructing a state-of-the-art community center, complete with a swimming pool, to benefit the local community. The organization provides a variety of social, recreational, educational, and cultural activities, events, and after-school programs at this center. These initiatives aim to enrich the lives of the community members, including school students, and foster a sense of pride and confidence.
The organization leases the land and facility from the New York City School Construction Authority at no rent for an initial period of 50 years, with options for an additional 25 years. It also subleases a portion of the building back to the New York City School Construction Authority for a period coinciding with the lease. The community center serves as a hub for numerous activities, attracting over 7,500 members. Each year, membership increases by 25%, and it is common for families to enroll their children in multiple classes.
The center offers various programs, such as swim classes and dance programs like Alvin Ailey, which cater to children aged 4 to 12. During the summer, the center serves over 800 campers weekly and an additional 600 community members in group swim classes. The center collaborates with local schools, involving them in Alvin Ailey residencies to enrich the educational experience.
Official website here: www.newsettlementcommunitycenter.org
Who is the CEO of New Settlement Community Campus Corp?
Alexa Sewell is the President of New Settlement Community Campus Corp.
Official website here: www.newsettlementcommunitycenter.org
What is the revenue of New Settlement Community Campus Corp?
New Settlement Community Campus Corp's revenue in 2022 was $691,866.
Official website here: www.newsettlementcommunitycenter.org
Who are the executives of New Settlement Community Campus Corp and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $286,870
- Other: $37,820
- Compensation: $0
- Related: $201,259
- Other: $1,040
- Compensation: $0
- Related: $167,946
- Other: $14,671
Official website here: www.newsettlementcommunitycenter.org
Where can I find the form 990 for New Settlement Community Campus Corp?
New Settlement Community Campus Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newsettlementcommunitycenter.org
Learn more at the official website: www.newsettlementcommunitycenter.org
Mission Statement of New Settlement Community Campus Corp
New Settlement Community Campus Corp was established with the mission to develop and construct a state-of-the-art community center equipped with a swimming pool in a designated area. The organization leased the land and building containing the facility from the New York City School Construction Authority at no rent for half a century, with options for an additional 25 years. The swimming pool operation is managed and operated by a related party affiliate, Crenulated Company, Ltd.
The primary objective of New Settlement Community Campus Corp is to provide social, recreational, educational, and cultural activities, events, and after-school programs in its community center, benefiting the local school and surrounding community. The organization has entered into a lease agreement with the NYC Department of Education for a portion of its facilities. The rent for the premises is based on certain operating cost reimbursements and is adjusted annually.
The community center serves as a hub of activities for its 7,500 members, who engage in various classes and programs. Each year, membership increases by 25%, and it is common for families to enroll their children in multiple classes. The center has made a significant impact on the lives of its members, helping them lose weight, gain confidence, and feel a sense of pride in being part of the community. During the summer, the center served over 800 campers per week and an additional 600 community members in group swim classes. The Alvin Ailey Dance Program also served 170 children aged 4 to 12 years old in ballet and hip-hop classes. The center collaborates with the three public schools housed within the campus, with each school participating in Alvin Ailey residencies.
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Impact
July, 2024
New Settlement Community Campus Corp has had a significant impact in the Mt. Eden section of the Bronx, New York. The organization provides a wide range of social, recreational, educational, and cultural activities, events, and after-school programs at its newly constructed community center. Serving a community of 7,500 members, the project has revitalized a blighted block along Jerome Avenue, bringing beautiful architecture to the neighborhood.
Each year, membership at the center increases by 25%, with families enrolling children in multiple classes. Members have reported positive outcomes, such as weight loss, increased confidence, and a sense of pride in being part of the center. During the past summer, the center served over 800 campers per week and an additional 600 community members in group swim classes. The Alvin Ailey dance program served 170 children ages 4-12 in ballet and hip hop.
Furthermore, the center collaborates with three public schools housed in the campus, with each school participating in Alvin Ailey residencies. By providing these services and programs, New Settlement Community Campus Corp has made a tangible impact on the community, promoting health, education, and cultural enrichment.
This information is meant to be a general summary of New Settlement Community Campus Corp. 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: $11
- Program Service Revenue: $691,855
- Gross Receipts: $691,866
Assets and Liabilities:
- Total Assets: $13,160,366
- Total Liabilities: $10,500
- Net Assets: $13,149,866
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE - SCHOOL
Revenue
$691,855
Organization Details
Founding Year
2005
Phone
(212) 265-6530Principal Officer
Alexa Sewell
Main Address
247 W 37TH STREET 4TH FL, NEW YORK, NY, 10018
NTEE Category
Code: N31 - Recreation
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