Overview
What is The Meadows Community Foundation Inc C/O Kosene & Kosene?
The Meadows Community Foundation Inc C/O Kosene & Kosene is a nonprofit organization dedicated to improving the livelihood of residents in the Meadows neighborhood of Indianapolis, affectionately known as "The Meadows." Established in 2008, the foundation has spearheaded various projects, such as the establishment of two charter schools, a multifamily apartment complex, and a wellness/physical fitness center. The organization has also contributed to infrastructure improvements, including the addition of a retail center featuring Save-A-LOT and Goodwill stores. The Meadows Community Foundation collaborates with local community partners, including Purpose Built Communities, Strategic Capital Partners, City of Indianapolis, HealthNet, YMCA, UNEC, CICF, Lilly Endowment, and United Way of Central Indiana, to revitalize the distressed neighborhood. The foundation's mission is to support quality education, renew pride and confidence, promote reinvestment, and revitalize the Meadows neighborhood, ultimately creating collaborations among residents, businesses, community leaders, foundations, and governments.
Is The Meadows Community Foundation Inc C/O Kosene & Kosene legitimate?
The Meadows Community Foundation Inc C/O Kosene & Kosene is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Meadows Community Foundation Inc C/O Kosene & Kosene 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Meadows Community Foundation Inc C/O Kosene & Kosene?
The Meadows Community Foundation Inc, with Kosene & Kosene as its trustees, has a mission to support quality education, restore pride and confidence, promote reinvestment, and revitalize a distressed neighborhood affectionately known as The Meadows. They aim to achieve this by fostering collaborations among residents, businesses, community leaders, foundations, and governments. The foundation's goal is to improve the lives of those living in this neighborhood by investing in housing, education, and community leadership. Since 2008, they have established two charter schools, a multifamily apartment complex, and a wellness/physical fitness center in the area. Furthermore, improvements have been made to facilities, and partnerships have been formed with organizations such as Purpose Built Communities, Strategic Capital Partners, City of Indianapolis, HealthNet, YMCA, UNEC, CICF, Lilly Endowment, and United Way of Central Indiana, to facilitate these changes.
What is the revenue of The Meadows Community Foundation Inc C/O Kosene & Kosene?
The Meadows Community Foundation Inc C/O Kosene & Kosene's revenue in 2024 was $20,043.
Who are the executives of The Meadows Community Foundation Inc C/O Kosene & Kosene and what are their salaries?
There 6 volunteers at The Meadows Community Foundation Inc C/O Kosene & Kosene.
Here are 6 key members and their salaries:
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Where can I find the form 990EZ for The Meadows Community Foundation Inc C/O Kosene & Kosene?
The Meadows Community Foundation Inc C/O Kosene & Kosene's most recent form 990EZ was submitted in 2024 and can be accessed here.
Mission Statement of The Meadows Community Foundation Inc C/O Kosene & Kosene
The Meadows Community Foundation Inc C/O Kosene & Kosene is dedicated to supporting the quality education, renewal of pride and confidence, promotion of reinvestment, and revitalization of the distressed Indianapolis neighborhood affectionately known as The Meadows. Their mission is to foster collaborations among residents, businesses, community leaders, foundations, and governments with the aim of improving the lives of those residing in this neighborhood. Since 2008, the foundation has played a significant role in establishing two charter schools, a multifamily apartment complex, and a wellness/physical fitness center in the northeast Indianapolis neighborhood. Moreover, The Meadows Community Foundation has partnered with various entities such as Purpose Built Communities, Strategic Capital Partners, City of Indianapolis, HealthNet, YMCA, UNEC, CICF, Lilly Endowment, and United Way of Central Indiana, to make improvements to facilities and establish projects like a retail center featuring Save-A-LOT and Goodwill stores. In summary, The Meadows Community Foundation Inc C/O Kosene & Kosene is committed to revitalizing the Meadows neighborhood by collaborating with local partners and implementing projects that enhance education, housing, and community leadership.
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Impact
October, 2024
The Meadows Community Foundation Inc C/O Kosene & Kosene plays a crucial role in revitalizing the Indianapolis Meadows neighborhood by fostering a collaborative spirit among residents, businesses, community leaders, and governments. Through focused efforts in education, housing, and community leadership, the Foundation aims to enhance the quality of life for those living in this area, which has faced significant challenges.
Key initiatives include the establishment of two charter schools that provide accessible, quality education and the development of a multifamily apartment complex to address housing needs. The addition of a wellness and physical fitness center has also contributed to the community’s overall health and well-being. Furthermore, the creation of a retail center featuring Save-A-Lot and Goodwill stores helps meet local shopping needs and stimulates economic activity.
Since its inception in 2008, the Foundation has made substantial improvements in facilities and has partnered with organizations like Purpose Built Communities, the City of Indianapolis, HealthNet, and the YMCA to maximize its impact. This collaborative approach not only renews pride and confidence in the Meadows neighborhood but also promotes reinvestment, ultimately laying the groundwork for a thriving community.
This information is meant to be a general summary of The Meadows Community Foundation Inc C/O Kosene & Kosene. 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 2024.
- Investment Income: $10,043
- Program Service Revenue: $5,078
- Gross Receipts: $20,043
Assets and Liabilities:
- Total Assets: $5,390,947
- Total Liabilities: $6,125,668
- Net Assets: -$734,721
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FORGIVENESS OF INTERES
Revenue
$39,547
INVESTMENTS IN SUBISID
Revenue
-$34,469
Organization Details
Founding Year
2008
Principal Officer
Albert Smith
NTEE Category
Code: B82 - Education
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