Overview
What is The Nonprofit Village Center Inc?
The Nonprofit Village Center Inc, situated in Rockville, Maryland, serves as an affordable and supportive workspace for around 40 nonprofit organizations. This hub offers professional office space, telecommunication facilities, IT services, meeting rooms, back-office equipment, and various other essential resources. These benefits are subsidized through donations, allowing nonprofits to focus on their missions without worrying about financial constraints. The Nonprofit Village Center Inc's mission is to strengthen the nonprofit sector by providing opportunities for capacity building and affordable office space. This strategic approach empowers these organizations to achieve their goals more effectively, eventually benefiting the wider community.
Official website here: www.thenonprofitvillage.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (66%)
The Nonprofit Village Center Inc has received a two-star rating from Charity Navigator, indicating that it needs improvement. The accountability and finance score of 66% reflects strengths such as having a fully independent board and a significant program expense ratio of 71.66%. These metrics suggest a commitment to governance and effective allocation of resources towards programs.
However, the organization faces significant challenges, particularly related to financial transparency. The absence of financial statements and the high liabilities to assets ratio of 182.54% raise concerns about its financial health and sustainability. These issues contribute to the overall low rating and signal a need for improved financial practices and reporting.
While the nonprofit has established policies for conflict of interest, whistleblower protection, and document retention, the lack of accessible financial documentation on its website undermines the trust with potential donors and stakeholders. Addressing these limitations will be crucial for enhancing its credibility and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Nonprofit Village Center Inc?
96% of 7 reviewers on Facebook recommend The Nonprofit Village Center Inc. Here's a summary of their thoughts:
The consensus is overwhelmingly positive, with patrons expressing satisfaction with the overall service and mission of the organization. Many highlight the impactful work being done and commend the staff for their dedication. The nonprofit is recognized for effectively delivering on its promise to support the community, and users appreciate the transparency and reliability of services provided.
Overall, the nonprofit has earned a solid reputation among its supporters, who feel confident in recommending it to others. The positive sentiments reflect a strong connection between the organization and the individuals it serves.
This AI summary has been generated from reviews found on Facebook.
Is The Nonprofit Village Center Inc legitimate?
The Nonprofit Village Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Nonprofit Village Center 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: $103,068
Professional Fundraising Fees: $0
Other Salaries and Wages: $63,655
For more financial information, click here
Official website here: www.thenonprofitvillage.org
What is the mission statement of The Nonprofit Village Center Inc?
The Nonprofit Village Center Inc's mission is centered around providing affordable office space and opportunities for capacity building, with the ultimate goal of strengthening the nonprofit sector. By offering subsidized services such as professional office space, telephones, IT, meeting rooms, back office equipment, and various other resources, the center aims to incubate and support around 40 nonprofit organizations. This initiative is primarily funded through donations to the Nonprofit Village.
Official website here: www.thenonprofitvillage.org
Who is the CEO of The Nonprofit Village Center Inc?
Alison Conklin is the Director of The Nonprofit Village Center Inc.
Official website here: www.thenonprofitvillage.org
What is the revenue of The Nonprofit Village Center Inc?
The Nonprofit Village Center Inc's revenue in 2022 was $667,777.
Official website here: www.thenonprofitvillage.org
Who are the executives of The Nonprofit Village Center Inc and what are their salaries?
The average compensation at The Nonprofit Village Center Inc during 2022 was $23,818. There are 7 employees and 2 volunteers at The Nonprofit Village Center Inc.
Here are 13 key members and their salaries:
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- Compensation: $89,309
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- Other: $600
Official website here: www.thenonprofitvillage.org
Where can I find the form 990 for The Nonprofit Village Center Inc?
The Nonprofit Village Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thenonprofitvillage.org
Learn more at the official website: www.thenonprofitvillage.org
Mission Statement of The Nonprofit Village Center Inc
The Nonprofit Village Center Inc plays a significant role in strengthening the nonprofit sector by providing affordable office space and opportunities for capacity building. Its mission, in essence, is to create an environment that nurtures and supports various nonprofit organizations. This is achieved by offering subsidized services such as professional office space, telecommunication facilities, IT infrastructure, meeting rooms, back office equipment, and various other essential services. By doing so, The Nonprofit Village Center Inc serves as an incubator for around 40 nonprofit organizations, enabling them to grow and thrive in their respective fields.
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Impact
July, 2024
The impact of The Nonprofit Village Center Inc is significant in the Rockville, MD community. By providing affordable office space and capacity-building opportunities for nonprofit organizations, the center serves as an incubator for 40 organizations. These nonprofits benefit from professional office space, IT services, meeting rooms, and other back-office equipment and services that are all subsidized through donations to The Nonprofit Village Center Inc.
Through this support, The Nonprofit Village Center Inc contributes to strengthening the nonprofit sector in the region by enabling organizations to focus on their missions and serve the community more effectively. This impact is reflected in the growth and sustainability of the 40 organizations that are part of the center, ultimately leading to greater community improvement in Rockville, MD.
This information is meant to be a general summary of The Nonprofit Village Center 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: $46
- Program Service Revenue: $206,318
- Gross Receipts: $668,558
Assets and Liabilities:
- Total Assets: $341,223
- Total Liabilities: $593,698
- Net Assets: -$252,475
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBTENANT RENT
Revenue
$180,943
COMMUNITY AND CO-WORKI
Revenue
$17,982
TENANT SERVICES REIMBU
Revenue
$5,152
CONFERENCE ROOM RENTAL
Revenue
$2,241
Organization Details
Founding Year
2006
Phone
(301) 230-0111Principal Officer
Alison Conklin
Main Address
15800 CRABBS BRANCH WAY 300, ROCKVILLE, MD, 208521726
Website
www.thenonprofitvillage.orgNTEE Category
Code: S19 - Community improvement
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