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Underground Development Foundation (The Lowline)

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 275125988 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Underground Development Foundation (The Lowline)?

The Underground Development Foundation, commonly known as The Lowline, is a nonprofit organization situated in New York City, specifically at 5 White Street 4B, New York, NY 10013. Their primary mission is to transform an abandoned trolley terminal into a lively green space utilizing solar technology. Beyond this, the foundation focuses on youth education, offering innovative programs designed to prepare young individuals for careers and educational paths in science, technology, engineering, arts, and mathematics (STEM) fields. They achieve this through mentorship and job training opportunities, such as public exhibits and workshops. The Lowline's initiatives aim to empower and equip the next generation with the necessary skills to thrive in STEM-related fields.


Official website here: www.thelowline.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 57%, One-Star out of Four Stars

The Underground Development Foundation (The Lowline) has received a low rating of 57% from Charity Navigator, signifying potential concerns in its financial accountability and program execution. While the organization scores perfectly on board independence and governance practices, such as having a conflict of interest policy and maintaining meeting minutes, it struggles significantly in financial management areas.

A critical weakness is highlighted by the program expense ratio, which stands at 0.00%, indicating that no funds have been allocated to its core programs. Additionally, the liabilities to assets ratio of 49.75% raises red flags regarding the organization's financial stability. These issues suggest challenges in fulfilling its mission or delivering effective programs to its community.

Despite its strengths in governance and transparency, the overall low score indicates that potential donors and supporters should consider these financial concerns carefully. It may be necessary for the organization to reassess its strategic direction to enhance program investment and overall financial health.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Underground Development Foundation (The Lowline)?

100% of 21 reviewers on Facebook recommend the Underground Development Foundation (The Lowline). Here is a summary of their reviews:

The nonprofit has garnered enthusiastic support for its innovative concept, which resonates well with the urban landscape of New York City. Many users express a sense of pride and excitement about contributing to an idea that enriches their community. The positive sentiment surrounding the foundation indicates that donors feel their contributions are part of something meaningful and transformative for the city.

Overall, it's clear that the Underground Development Foundation is successfully capturing the imagination of both supporters and potential donors, leading to a strong endorsement of its mission and vision.


This AI summary has been generated from reviews found on Facebook.

Is Underground Development Foundation (The Lowline) legitimate?

Underground Development Foundation (The Lowline) is a legitimate nonprofit organization registered as a 501(c)(3) entity. Underground Development Foundation (The Lowline) 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


Official website here: www.thelowline.org

What is the mission statement of Underground Development Foundation (The Lowline)?

The Underground Development Foundation, also known as The Lowline, aims to transform an abandoned trolley terminal into a lively green space, utilizing solar technology. Their mission is to establish a unique underground community park in this historical location. The organization also focuses on youth education, offering programs that prepare young individuals for careers and educational paths in fields such as science, technology, engineering, arts, and mathematics. This is achieved through innovative youth mentorship, job training opportunities, public exhibits, and workshops.


Official website here: www.thelowline.org

Who is the CEO of Underground Development Foundation (The Lowline)?

Dan Barasch is the Co-Chairman of Underground Development Foundation (The Lowline).


Official website here: www.thelowline.org

What is the revenue of Underground Development Foundation (The Lowline)?

Underground Development Foundation (The Lowline)'s revenue in 2022 was $0.


Official website here: www.thelowline.org

Who are the executives of Underground Development Foundation (The Lowline) and what are their salaries?


Here are 11 key members and their salaries:


David Barry (Co-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Ramsey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jolie Hunt-Potter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joshua Sirefman (Co-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marquise Stillwell (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Hoffman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Shapiro (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Serena Altschul (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Signe Nielsen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Willy Wilson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Barasch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.thelowline.org

Where can I find the form 990 for Underground Development Foundation (The Lowline)?

Underground Development Foundation (The Lowline)'s most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.thelowline.org

Learn more at the official website: www.thelowline.org

Mission Statement of Underground Development Foundation (The Lowline)

The Underground Development Foundation, often referred to as The Lowline, has a mission to revitalize an abandoned trolley terminal in New York City, transforming it into a vibrant green space. Utilizing solar technology, this foundation aims to create a unique underground community park that stands out in its innovative approach to urban space utilization. The organization's primary goal is to construct this underground sanctuary in a historic trolley terminal located on the Lower East Side of the city.

In addition to its green space project, the Underground Development Foundation also focuses on youth education. They provide programs that prepare young individuals for careers and educational paths in fields such as science, technology, engineering, arts, and mathematics (STEM). These opportunities include innovative mentorship and job training programs, such as public exhibits and workshops, offering hands-on experiences for the next generation of STEM professionals. Through these initiatives, the Underground Development Foundation aims to empower young people and contribute to the development of a skilled and knowledgeable workforce.

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Impact




October, 2024

The Underground Development Foundation (The Lowline) is transforming an abandoned NYC trolley terminal into a vibrant green space, utilizing solar technology to enhance urban greenery. This innovative project not only revitalizes a historical site but also serves as a community hub, promoting environmental awareness and sustainability.

One of the key impacts of The Lowline is its focus on youth education. It offers programs designed to prepare young individuals for careers and educational paths in science, technology, engineering, arts, and mathematics (STEAM). By providing mentorship and job training opportunities, including public exhibits and workshops, The Lowline empowers the next generation to engage with these fields in a hands-on and meaningful way.

This initiative fosters community improvement by creating an accessible recreational space that encourages social interaction, environmental stewardship, and educational engagement. The Lowline's commitment to blending nature with urban life not only enhances the aesthetic value of the Lower East Side but also reinforces the importance of sustainable practices in urban development.




This information is meant to be a general summary of Underground Development Foundation (The Lowline). 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.

Revenue
$0 (2022)
Expenses
$6,939 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

    Assets and Liabilities:

    • Total Assets: $5,628
    • Total Liabilities: $2,800
    • Net Assets: $2,828

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    Organization Details

    Founding Year

    2011

    Principal Officer

    Dan Barasch

    Main Address

    5 WHITE STREET 4B, NEW YORK, NY, 10013

    NTEE Category

    Code: S20 - Community improvement

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