Overview
What is University Circle Incorporated?
University Circle Incorporated is a not-for-profit organization based in Cleveland, Ohio, with a address at 10831 Magnolia Drive, 44106. Their mission is to create a thriving community experience in Cleveland, connecting all people to its cultural, healing, and learning hub. University Circle Incorporated plays a crucial role in managing the parking infrastructure of the second largest employment district in northeastern Ohio, accommodating approximately 5,860 parking spaces for public use through a partnership with a local service provider. This arrangement ensures smooth daily traffic flow for the three million annual visitors. In summary, University Circle Incorporated is dedicated to the growth and development of the University Circle district as a premier urban center for innovation, education, healthcare, and arts and culture.
Official website here: www.universitycircle.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star Rating
University Circle Incorporated has achieved a high level of accountability and finance, reflected in its impressive 96% score and Four-Star rating from Charity Navigator. This rating is based entirely on the organization's financial practices, which indicate robust oversight and governance. The organization boasts a fully independent board, which is a strong indicator of its commitment to transparency and effective management.
The majority of the board members are independent, and the organization has successfully implemented policies to ensure compliance and ethical behavior. With a low liabilities-to-assets ratio of 9.77%, University Circle demonstrates financial stability, allowing it to allocate a significant portion of its resources—approximately 86.69%—directly to its programs, which speaks to its effectiveness in fulfilling its mission.
While the organization shows strong financial practices and governance, it is essential for potential supporters and stakeholders to continuously monitor its impact and the effectiveness of its programs. Overall, University Circle Incorporated stands out as a well-managed nonprofit with a solid commitment to accountability and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is University Circle Incorporated legitimate?
University Circle Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Circle Incorporated 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: $919,683
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,464,306
For more financial information, click here
Official website here: www.universitycircle.org
What is the mission statement of University Circle Incorporated?
University Circle Incorporated (UCI) is a not-for-profit organization dedicated to fostering a vibrant and complete community experience in the realms of innovation, education, healthcare, and arts and culture. UCI is responsible for the growth and development of University Circle as a premier urban district, connecting all people to this world-class center. Their vision encompasses a neighborhood that thrives as a hub of culture, healing, and learning for all. UCI's mission involves building a dynamic community by offering development, services, and advocacy, ultimately transforming the University Circle area into a thriving, cohesive neighborhood.
Official website here: www.universitycircle.org
Who is the CEO of University Circle Incorporated?
Gary L Hanson is the Trustee, Interim President 10/21 of University Circle Incorporated.
Official website here: www.universitycircle.org
What is the revenue of University Circle Incorporated?
University Circle Incorporated's revenue in 2022 was $18,118,457.
Official website here: www.universitycircle.org
Who are the executives of University Circle Incorporated and what are their salaries?
The average compensation at University Circle Incorporated during 2022 was $48,711. There are 90 employees and 75 volunteers at University Circle Incorporated.
Here are 81 key members and their salaries:
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Official website here: www.universitycircle.org
Where can I find the form 990 for University Circle Incorporated?
University Circle Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.universitycircle.org
Learn more at the official website: www.universitycircle.org
Mission Statement of University Circle Incorporated
University Circle Incorporated (UCI) is a not-for-profit development, service, and advocacy organization that plays a pivotal role in fostering connections between all individuals and Cleveland's cultural, healing, and learning hub. UCI's mission is to cultivate University Circle into a thriving and self-contained neighborhood, renowned for its innovations in education, healthcare, and arts and culture. In essence, UCI serves as the driving force behind the growth and transformation of University Circle into a world-class urban district. With a vision to create a vibrant and complete community, UCI is dedicated to expanding the area's reputation as a leading center for progress and excellence.
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Impact
October, 2024
University Circle Incorporated (UCI) plays a pivotal role in connecting people to Cleveland's cultural, educational, and healthcare resources. As the second-largest employment district in Northeastern Ohio, UCI significantly enhances the community experience by supporting an environment that attracts approximately three million visitors annually.
The organization is instrumental in managing essential parking facilities, providing around 5,860 public parking spaces necessary for the daily flow of vehicles in the area. This critical infrastructure facilitates access to a vibrant array of cultural institutions, educational entities, and healthcare services, thereby contributing to the economic vitality and livability of University Circle. Through partnerships with local service providers, UCI ensures that the logistics of transportation, maintenance, and security are efficiently handled, creating a seamless experience for both residents and visitors.
UCI's mission focuses on fostering growth and development within University Circle, ultimately envisioning a lively neighborhood that celebrates innovation, education, and the arts. This commitment to community improvement strengthens connections among diverse populations, reinforcing University Circle's status as a world-class center for culture and learning.
This information is meant to be a general summary of University Circle Incorporated. 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: $1,723,636
- Program Service Revenue: $14,162,198
- Gross Receipts: $27,272,063
Assets and Liabilities:
- Total Assets: $134,622,719
- Total Liabilities: $94,020,481
- Net Assets: $40,602,238
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARKING
Revenue
$8,443,146
PUBLIC SAFETY
Revenue
$2,948,060
PROPERTY MANAGEMENT
Revenue
$2,164,663
EDUCATION
Revenue
$152,370
ADVOCACY
Revenue
$85,361
Organization Details
Founding Year
1957
Phone
(216) 791-3900Principal Officer
Gary L Hanson
Main Address
10831 MAGNOLIA DRIVE, CLEVELAND, OH, 44106
Website
www.universitycircle.orgNTEE Category
Code: S200 - Community improvement
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