Overview
What is Worthington Community Improvement Corp?
The Worthington Community Improvement Corp, based in Worthington, Ohio, serves as a catalyst for the city's progress. Its primary objective is to foster industrial, economic, commercial, and civic growth, ultimately enhancing the well-being of its residents. To achieve this, the corporation acquires land and buildings, acting as a bridge between potential developers and the city. The City of Worthington retains ownership of certain properties, with the CIC managing lease agreements. This strategic approach aims to contribute positively to the city's health, safety, morals, and overall welfare.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Stars
The Worthington Community Improvement Corp has received a low rating of 53%, resulting in a One-Star designation, primarily due to significant deficiencies in accountability and finance practices. The rating indicates that the organization has not met essential standards for governance, including a complete lack of independent board members and missing key policies such as those for conflict of interest, whistleblowing, and document retention.
Despite these shortcomings, the nonprofit demonstrates a strong commitment to its mission, as evidenced by a high program expense ratio of 91.93%. This suggests that the majority of its financial resources are allocated directly towards its programs, which is a positive aspect for potential donors looking for effective use of their contributions. However, the absence of transparent governance practices raises concerns about the overall management and oversight of the organization.
The issues highlighted by Charity Navigator, including the missing website and financial documentation, could affect the organization's credibility and public trust. It is crucial for the Worthington Community Improvement Corp to address these governance gaps to improve its rating and foster greater confidence among stakeholders and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Worthington Community Improvement Corp legitimate?
Worthington Community Improvement Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Worthington Community Improvement Corp 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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What is the mission statement of Worthington Community Improvement Corp?
The Worthington Community Improvement Corporation's primary objective is to boost the industrial, economic, commercial, and civic growth within its jurisdiction. This is done with the aim of enhancing the well-being of its residents. The corporation's mission includes encouraging and promoting development, thereby contributing to the community's health, safety, morals, and overall welfare. The organization accomplishes this by acquiring land and buildings, which it then leases out for industrial, economic, commercial, and civic purposes. The city retains ownership of certain properties, with the Community Improvement Corporation managing the lease agreements.
What is the revenue of Worthington Community Improvement Corp?
Worthington Community Improvement Corp's revenue in 2023 was $30,886.
Who are the executives of Worthington Community Improvement Corp and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Worthington Community Improvement Corp?
Worthington Community Improvement Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Worthington Community Improvement Corp
The Worthington Community Improvement Corporation, in its mission, aims to foster and enhance the industrial, economic, commercial, and civic growth of its community. This nonprofit organization strives to promote the well-being, safety, moral values, and general welfare of its residents. To achieve this, the Worthington Community Improvement Corporation acquires and manages land and buildings, leveraging these resources to drive advancements in various sectors. The corporation's activities are directed towards promoting the overall prosperity and quality of life for the community's residents.
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Impact
August, 2024
The Worthington Community Improvement Corp plays a significant role in advancing, encouraging, and promoting the industrial, economic, commercial, and civic development in the City of Worthington. Through acquiring land and buildings, the CIC actively contributes to the growth and prosperity of the city, ultimately enhancing the overall well-being of its residents. By focusing on the development of key sectors, the CIC positively impacts the local economy, fosters community engagement, and improves the quality of life for Worthington residents.
This information is meant to be a general summary of Worthington Community Improvement Corp. 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: $361
- Program Service Revenue: $30,525
- Gross Receipts: $30,886
Assets and Liabilities:
- Total Assets: $1,061,493
- Total Liabilities: $0
- Net Assets: $1,061,493
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$30,525
Organization Details
Founding Year
2008
Principal Officer
Scott Bartter
NTEE Category
Code: S31 - Community improvement
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