Overview
What is Nci Community Fund Inc?
Nci Community Fund Inc, based in Houston, Texas, is a nonprofit organization with a mission to serve as a Qualified Active Low-Income Community Business (QALICB). Its primary role is to manage assets related to the BakerRipley East Aldine Campus. This campus is a hub for learning, creation, and commerce, featuring a unique Maker Market, where community members can learn, make, and sell their products. Additionally, the organization provides financial support to small businesses through BakerRipley's Entrepreneur Academy. Beyond its economic development initiatives, Nci Community Fund Inc also offers workforce readiness training and adult education classes to the community, furthering its commitment to charitable and educational pursuits.
Is Nci Community Fund Inc legitimate?
Nci Community Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nci Community Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Nci Community Fund Inc?
NCI Community Fund Inc, as a charitable and educational organization, is dedicated to serving its purpose by holding assets related to a community campus. This campus, known for its learning and making activities, features a unique Maker Market and provides financial assistance to small businesses through an Entrepreneur Academy. Additionally, workforce readiness training and adult education classes are offered at the campus. The organization's primary focus is to contribute to the betterment of the community by providing opportunities for learning and entrepreneurship.
What is the revenue of Nci Community Fund Inc?
Nci Community Fund Inc's revenue in 2023 was $329,491.
Who are the executives of Nci Community Fund Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $283,053
- Other: $16,924
- Compensation: $0
- Related: $304,985
- Other: $17,740
- Compensation: $0
- Related: $156,194
- Other: $12,998
Where can I find the form 990 for Nci Community Fund Inc?
Nci Community Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Nci Community Fund Inc
Nci Community Fund Inc, as an organization, is dedicated to serving charitable and educational purposes exclusively. Its mission is to act as a Qualified Active Low-Income Community Business (QALICB), managing assets related to the BakerRipley East Aldine Campus. This campus, under Nci Community Fund's care, focuses on learning, creation, and commerce through a unique Maker Market. Nci Community Fund, Inc. also provides financial support to small businesses through BakerRipley's Entrepreneur Academy. Additionally, the organization offers workforce readiness training and adult education classes, contributing to the community's personal and professional development.
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Impact
October, 2024
NCI Community Fund Inc significantly impacts the Houston area by fostering economic empowerment and educational advancement. By operating as a Qualified Active Low-Income Community Business (QALICB), it manages the BakerRipley East Aldine Campus, a vibrant space that emphasizes learning, creativity, and entrepreneurship.
This campus features a unique Maker Market that encourages local artisans to showcase and sell their creations, promoting both innovation and commerce. Additionally, NCI Community Fund Inc plays a pivotal role in supporting small businesses through the BakerRipley Entrepreneur Academy, providing crucial financial assistance and resources to help them thrive.
The organization also addresses workforce development by offering training programs and adult education classes, equipping community members with the skills and knowledge necessary to succeed in the job market. This holistic approach not only uplifts individual participants but also strengthens the local economy as a whole, creating a sustainable cycle of growth and opportunity.
This information is meant to be a general summary of Nci Community Fund 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 2023.
- Investment Income: $1,772
- Program Service Revenue: $327,719
- Gross Receipts: $329,491
Assets and Liabilities:
- Total Assets: $15,006,774
- Total Liabilities: $17,479,846
- Net Assets: -$2,473,072
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental income
Revenue
$327,719
Organization Details
Founding Year
2005
Principal Officer
Kirk Rummel
NTEE Category
Code: B20 - Education
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