Overview
What is Coney Island Prep Builders Inc?
Coney Island Prep Builders Inc is a non-profit organization situated in Brooklyn, New York, specifically at 626 Sheepshead Bay Road 560. Its primary objective is to support and fund the operations of Coney Island Preparatory Public Charter School, aiming to contribute positively to the Coney Island community. The organization's mission includes providing resources and backing to the school, ultimately contributing to its success and positive impact on the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
Coney Island Prep Builders Inc has received an 84% score from Charity Navigator, which indicates strong performance in accountability and finance. The organization demonstrates excellent governance practices, with a fully independent board and high marks in key areas such as material diversion of assets and conflict of interest policies. Their program expense ratio is notably high at 89.87%, reflecting a strong commitment to utilizing funds for their intended programs.
The charity's strengths are underscored by its comprehensive policies, including whistleblower protection and document retention, which enhance transparency and accountability. The working capital ratio of 3.56 years suggests a solid financial footing, enabling them to sustain operations and fulfill their mission effectively.
While the rating is positive, it is important for potential donors and stakeholders to consider that a three-star rating indicates room for improvement. Continued monitoring of their financial practices and program effectiveness will be essential to maintain and enhance their impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Coney Island Prep Builders Inc legitimate?
Coney Island Prep Builders Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coney Island Prep Builders 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 Coney Island Prep Builders Inc?
Coney Island Prep Builders Inc is a non-profit organization established with the primary goal of fundraising and supporting Coney Island Preparatory Public Charter School. The mission of Coney Island Prep Builders Inc is to aid the school in its endeavors to positively impact the Coney Island community. By raising funds and supporting the school's operations, the organization aims to contribute to the betterment of the local community. Coney Island Prep Builders Inc serves as a vital partner to the school, providing resources that help it carry out its educational mission. The organization's efforts are focused on supporting the school's initiatives and promoting its positive influence within the Coney Island community.
Who is the CEO of Coney Island Prep Builders Inc?
Jacob Mnookin is the President of Coney Island Prep Builders Inc.
What is the revenue of Coney Island Prep Builders Inc?
Coney Island Prep Builders Inc's revenue in 2022 was $3,536,570.
Who are the executives of Coney Island Prep Builders Inc and what are their salaries?
There 5 volunteers at Coney Island Prep Builders Inc.
Here are 5 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Coney Island Prep Builders Inc?
Coney Island Prep Builders Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Coney Island Prep Builders Inc
Coney Island Prep Builders Inc, a non-profit organization, was established with the primary mission of supporting Coney Island Preparatory Public Charter School. This mission is centered around raising funds and aiding in the school's operations. The ultimate goal of Coney Island Prep Builders Inc is to positively impact the Coney Island community through the work of Coney Island Preparatory Public Charter School. By providing financial support and resources, this organization aims to contribute to the school's ability to deliver quality education and make a significant difference in the lives of its students.
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Impact
October, 2024
Coney Island Prep Builders Inc plays a crucial role in enhancing the educational landscape of the Coney Island community. By raising funds and providing support for Coney Island Preparatory Public Charter School, the organization enables the school to offer resources and programs that may otherwise be unavailable. This financial backing directly impacts the quality of education provided to students, allowing for improved facilities, extracurricular activities, and educational initiatives tailored to the needs of the community.
Moreover, Coney Island Prep Builders Inc fosters a sense of community engagement and investment in local education, encouraging families and residents to take an active role in supporting their students' academic journeys. Overall, the organization's efforts contribute to creating a more nurturing and effective educational environment, helping to empower students and promote positive outcomes in the Coney Island area.
This information is meant to be a general summary of Coney Island Prep Builders 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: $52,703
- Program Service Revenue: $2,164,305
- Gross Receipts: $4,216,037
Assets and Liabilities:
- Total Assets: $7,475,200
- Total Liabilities: $268,502
- Net Assets: $7,206,698
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,164,305
Organization Details
Founding Year
2008
Phone
(929) 379-3901Principal Officer
Jacob Mnookin
Main Address
626 SHEEPSHEAD BAY ROAD 560, BROOKLYN, NY, 11224
NTEE Category
Code: B12 - Education
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