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700 Prospect Corporation

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

EIN: 341679244 ✦ Cleveland, OH ✦ Designated as a 501(c)(3)

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Overview

What is 700 Prospect Corporation?

700 Prospect Corporation is a nonprofit entity located at 700 Prospect Avenue, Cleveland, Ohio. Its primary mission is to offer office facilities that support the religious, charitable, and educational activities of the United Church of Christ and its associated charitable and educational organizations. With a workforce of five dedicated individuals, this organization plays a crucial role in facilitating the operations of various religious, charitable, and educational initiatives under the United Church of Christ umbrella.

Is 700 Prospect Corporation legitimate?

700 Prospect Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 700 Prospect Corporation 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: $62,119

For more financial information, click here

What is the mission statement of 700 Prospect Corporation?

The 700 Prospect Corporation serves as a provider of office spaces, facilitating the execution of religious, charitable, and educational activities for the United Church of Christ and its associated charitable and educational organizations. Its mission is centered around supporting these affiliated entities in carrying out their religious, philanthropic, and educational pursuits within the premises it offers. The corporation's role is instrumental in enabling these organizations to operate effectively in their respective fields, thereby contributing to the wider community.

Who is the CEO of 700 Prospect Corporation?

John Dorhauer is the President of 700 Prospect Corporation.

What is the revenue of 700 Prospect Corporation?

700 Prospect Corporation's revenue in 2022 was $2,439,408.

Who are the executives of 700 Prospect Corporation and what are their salaries?

The average compensation at 700 Prospect Corporation during 2022 was $12,424. There are 5 employees and 1 volunteer at 700 Prospect Corporation.


Here are 5 key members and their salaries:


Heather Kimmel (Secretary)
  • Compensation: $0
  • Related: $189,106
  • Other: $60,183
John Dorhauer (President)
  • Compensation: $0
  • Related: $183,150
  • Other: $55,779
Tami Marinella (Treasurer)
  • Compensation: $0
  • Related: $173,002
  • Other: $50,388
Karen Georgia Thompson (Trustee)
  • Compensation: $0
  • Related: $145,020
  • Other: $39,714
Traci Blackmon (Trustee)
  • Compensation: $0
  • Related: $145,250
  • Other: $37,831
Where can I find the form 990 for 700 Prospect Corporation?

700 Prospect Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of 700 Prospect Corporation

700 Prospect Corporation is a nonprofit organization with a mission to facilitate the conduct of religious, charitable, and educational activities. Specifically, it supports the United Church of Christ and its affiliated charitable and educational organizations by providing them with necessary office facilities. This entity plays a crucial role in enabling these organizations to carry out their respective missions, ultimately contributing to the betterment of the community and society at large.

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Impact




October, 2024

700 Prospect Corporation significantly contributes to the community by offering essential office facilities that support the religious, charitable, and educational initiatives of the United Church of Christ and its affiliated organizations. Located in Cleveland, Ohio, it serves as a vital hub for the coordination and execution of various programs aimed at uplifting the community through faith-based outreach and educational efforts. By providing a dedicated space for these activities, the corporation fosters collaboration among organizations, enhances their operational efficiency, and promotes the mission of service to those in need. Its impact extends beyond the physical space, encouraging a sense of community and shared purpose among its users while facilitating important charitable work in the region.




This information is meant to be a general summary of 700 Prospect Corporation. 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
$2,439,408 (2022)
Expenses
$644,354 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,746,761
  • Program Service Revenue: $538,193
  • Gross Receipts: $4,976,235

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Facilities Fees

Revenue

$538,193

Organization Details

Founding Year

1991

Principal Officer

John Dorhauer

Main Address

700 Prospect Avenue, Cleveland, OH, 441151110

NTEE Category

Code: X190 - Religion related

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