Overview
What is 75 Spruce Street Development Inc?
75 Spruce Street Development Inc is a nonprofit organization based in Paterson, New Jersey, with a postal address. Their primary mission is to contribute financially towards educational programming at the Community Charter School of Paterson, benefiting approximately 900 students in the city. This nonprofit organization is dedicated to providing an educational opportunity and fostering community development in Paterson.
Is 75 Spruce Street Development Inc legitimate?
75 Spruce Street Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 75 Spruce Street Development 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
For more financial information, click here
What is the mission statement of 75 Spruce Street Development Inc?
75 Spruce Street Development Inc's mission is centered around providing educational opportunities and fostering community development. Specifically, they aim to contribute to the educational sector by funding programming at the Community Charter School of Paterson, benefiting approximately 900 students. Their objective is to enhance the educational landscape and contribute positively to the community as a whole.
Who is the CEO of 75 Spruce Street Development Inc?
Robert Guarasci is the Chair/President of 75 Spruce Street Development Inc.
What is the revenue of 75 Spruce Street Development Inc?
75 Spruce Street Development Inc's revenue in 2022 was $1,419,580.
Who are the executives of 75 Spruce Street Development Inc and what are their salaries?
There 3 volunteers at 75 Spruce Street Development Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $254,685
- Other: $12,436
- Compensation: $0
- Related: $141,040
- Other: $323
- Compensation: $0
- Related: $139,264
- Other: $27,279
Where can I find the form 990 for 75 Spruce Street Development Inc?
75 Spruce Street Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 75 Spruce Street Development Inc
75 Spruce Street Development Inc is an organization dedicated to providing educational opportunities and promoting community development within its scope. Their mission is to positively impact the lives of students in Paterson city by funding educational programming at the Community Charter School of Paterson, benefiting approximately 900 students in the area. By investing in education and community development, this nonprofit aims to contribute to a better future for its community members.
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Impact
October, 2024
75 Spruce Street Development Inc significantly impacts the Paterson community by enhancing educational opportunities and fostering community development. The organization provides essential funding to support educational programming at the Community Charter School of Paterson, directly benefiting 900 students. This investment in education not only improves academic outcomes but also strengthens the overall community by equipping young learners with the skills and knowledge needed for future success. Through its mission, 75 Spruce Street Development Inc plays a crucial role in improving the quality of education, promoting community cohesion, and encouraging positive growth within Paterson.
This information is meant to be a general summary of 75 Spruce Street Development 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: $1,304,102
- Gross Receipts: $1,419,580
Assets and Liabilities:
- Total Assets: $7,817,404
- Total Liabilities: $5,373,656
- Net Assets: $2,443,748
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$1,304,102
Organization Details
Founding Year
2007
Phone
(973) 413-1600Principal Officer
Robert Guarasci
Main Address
PO BOX 6976, PATERSON, NJ, 07509
NTEE Category
Code: S113 - Community improvement
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