Overview
What is Friends Of The New Cities Foundation?
Friends of the New Cities Foundation is a nonprofit organization situated in Wilmington, Delaware, specifically at 1209 Orange St. Their mission is centrally focused on improving urban life for all, achieving this goal by generating and amplifying innovative ideas and solutions. They accomplish this through various means, including organizing global events that bring together urban experts, conducting in-depth research, and engaging in urban innovation projects. The foundation's ultimate aim is to shape a more prosperous and sustainable urban future for communities worldwide.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement) with an overall score of 73%.
Friends Of The New Cities Foundation demonstrates strong financial management, evidenced by a high program expense ratio of 93.81% and a low liabilities to assets ratio of 29.29%. The organization also benefits from a fully independent board, with all members contributing to governance effectively. However, despite these strengths, the foundation faces significant challenges regarding transparency and adherence to best practices.
The organization is rated poorly in areas related to accountability and finance, most notably for missing essential policies such as conflict of interest and whistleblower policies. Additionally, important documentation, including tax forms and website listings, are not readily available on their site, impacting their overall transparency. These limitations indicate that while the foundation operates effectively in terms of program funding, improvements are needed to ensure accountability and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The New Cities Foundation legitimate?
Friends Of The New Cities Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The New Cities Foundation 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
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What is the mission statement of Friends Of The New Cities Foundation?
Friends of the New Cities Foundation is dedicated to shaping a better urban future for all by generating and scaling innovative ideas and solutions. They achieve this mission through various means, including organizing global events, conducting research, and undertaking urban innovation projects. By gathering urban experts, the foundation aims to foster discussions and promote the exchange of knowledge, ultimately contributing to the improvement of city living for everyone.
Who is the CEO of Friends Of The New Cities Foundation?
John Rossant is the President of Friends Of The New Cities Foundation.
What is the revenue of Friends Of The New Cities Foundation?
Friends Of The New Cities Foundation's revenue in 2022 was $80,000.
Who are the executives of Friends Of The New Cities Foundation and what are their salaries?
Here are 3 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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Where can I find the form 990 for Friends Of The New Cities Foundation?
Friends Of The New Cities Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of The New Cities Foundation
Friends of the New Cities Foundation is committed to shaping a better urban future for all. They achieve this mission by generating and scaling innovative ideas and solutions. This is done through various means, including organizing global events, conducting research, and implementing urban innovation projects. By bringing together urban experts, Friends of the New Cities Foundation fosters a collaborative environment that promotes the exchange of ideas and the development of practical solutions to urban challenges. The organization's events serve as platforms for thought leaders and change-makers to share their insights and experiences, fostering a global dialogue on urban development. Through research and urban innovation projects, Friends of the New Cities Foundation seeks to translate these insights into actionable solutions that can be implemented in cities around the world. By focusing on the future of cities, Friends of the New Cities Foundation aims to contribute to a more sustainable, equitable, and prosperous urban environment for all.
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Impact
August, 2024
Friends Of The New Cities Foundation has made a significant impact on shaping a better urban future for all by generating and scaling ideas and solutions through events, research, and urban innovation projects. The organization has organized several global and multi-sectoral events on the future of cities, bringing together urban experts to collaborate and share insights. Their work in Wilmington, DE, and beyond, demonstrates a commitment to philanthropy and driving positive change in urban environments.
This information is meant to be a general summary of Friends Of The New Cities Foundation. 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.
- Gross Receipts: $80,000
Assets and Liabilities:
- Total Assets: $13,653
- Total Liabilities: $4,000
- Net Assets: $9,653
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Organization Details
Founding Year
2011
Phone
(718) 896-8900Principal Officer
John Rossant
Main Address
1209 ORANGE ST, WILMINGTON, DE, 19801
NTEE Category
Code: T12 - Philanthropy
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