Overview
What is Coal Street Redevelopment Inc?
Coal Street Redevelopment Inc is a nonprofit organization situated in Kingston, Pennsylvania, specifically at 270 Pierce Street 301. Their primary mission is to provide an ice skating facility for the youth of Wilkes-Barre and surrounding communities for recreation. This organization serves to promote youth and adult hockey and interscholastic hockey, aiming to improve the health and social welfare of the community. They lessen the government's burden by expanding access to public recreational amenities and programs, ensuring they are available to everyone without discrimination based on race, creed, color, or religion. The organization also offers ice time for low-income children's hockey leagues, recreational ice skating, scholastic hockey, and hockey clinics for children in northeastern Pennsylvania.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 67%)
Coal Street Redevelopment Inc has achieved a strong score in accountability and finance, earning a perfect 100% in this category. The organization benefits from a fully independent board, which indicates a commitment to governance standards. Additionally, its program expense ratio is impressive at 98.59%, suggesting that a large portion of its expenses is directed toward its mission.
However, the nonprofit faces significant challenges that have contributed to its overall low rating. It has a high liabilities to assets ratio of 105.87%, which raises concerns about its financial stability. Moreover, the absence of key documents such as the tax form on its website and missing policies for conflict of interest, whistleblowers, and document retention suggest that the organization may need to improve its operational transparency and regulatory compliance.
In summary, while Coal Street Redevelopment Inc demonstrates a solid commitment to its programs and governance, it must address its financial liabilities and enhance its policy framework to improve its overall standing. Addressing these issues will be essential for the organization to gain greater trust and support from stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Coal Street Redevelopment Inc legitimate?
Coal Street Redevelopment Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coal Street Redevelopment 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 Coal Street Redevelopment Inc?
Coal Street Redevelopment Inc's mission is centered around providing an ice skating facility for the youth and communities in its vicinity. This facility serves not only as a recreational space but also aims to promote youth and adult hockey, including interscholastic hockey. The organization's primary objective is to enhance the community's health and social welfare, reduce government burden, and expand access to public recreational amenities and programs. These facilities and programs are made available to the general public, regardless of race, creed, color, or religion. The organization's activities are geared towards achieving these objectives and any other lawful purposes, as per the Nonprofit Corporation Law of 1988.
Who is the CEO of Coal Street Redevelopment Inc?
Daniel Mccormick Cpa is the President of Coal Street Redevelopment Inc.
What is the revenue of Coal Street Redevelopment Inc?
Coal Street Redevelopment Inc's revenue in 2022 was $713,930.
Who are the executives of Coal Street Redevelopment Inc and what are their salaries?
There 5 volunteers at Coal Street Redevelopment Inc.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Coal Street Redevelopment Inc?
Coal Street Redevelopment Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Coal Street Redevelopment Inc
Coal Street Redevelopment Inc, as a nonprofit organization, is committed to providing an ice skating facility for the youth in Wilkes-Barre and surrounding communities. This recreational center serves a dual purpose: promoting youth and adult hockey, as well as interscholastic hockey. The organization's primary objective is to enhance the health and social welfare of the community by expanding access to public recreational amenities and programs. It strives to make these facilities and programs available to the general public, regardless of race, creed, color, or religion. Coal Street Redevelopment Inc's mission is not limited to these purposes; it is also legally authorized to pursue any other lawful objectives for which corporations may be incorporated under the Nonprofit Corporation Law of 1988, as amended.
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Impact
October, 2024
Coal Street Redevelopment Inc plays a crucial role in enhancing the recreational landscape for youth in Wilkes-Barre and surrounding communities. By providing a dedicated ice skating facility, it fosters opportunities for children to engage in recreational activities, particularly those from low-income backgrounds who may not have access to such amenities elsewhere.
The organization facilitates youth hockey leagues and recreational ice skating, which not only promote physical fitness but also contribute to the overall health and social welfare of the community. In addition to serving local youth, it also supports scholastic hockey, creating a structured environment for students to develop their skills and sportsmanship.
Furthermore, Coal Street Redevelopment Inc conducts hockey clinics, enhancing youth engagement in the sport throughout Northeastern Pennsylvania. This focus on sports not only encourages physical activity but also builds teamwork and discipline among participants. By ensuring access to these recreational programs regardless of racial, creed, or economic differences, the organization fosters an inclusive community spirit, encouraging a sense of belonging and community pride among its diverse residents.
This information is meant to be a general summary of Coal Street Redevelopment 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: $768,659
- Gross Receipts: $940,948
Assets and Liabilities:
- Total Assets: $8,418,741
- Total Liabilities: $8,913,040
- Net Assets: -$494,299
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ICE RINK
Revenue
$768,659
Organization Details
Founding Year
2008
Phone
(570) 824-3543Principal Officer
Daniel Mccormick Cpa
Main Address
270 PIERCE STREET 301, KINGSTON, PA, 18704
NTEE Category
Code: S20 - Community improvement
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