Overview
What is Newgate Education And Research Center Inc?
Newgate Education and Research Center Inc, situated in Minneapolis, Minnesota, is a nonprofit organization dedicated to empowering unemployed or underemployed individuals. Their primary mission is to equip these individuals with essential vocational skills and a strong work ethic in the automotive repair technology sector. To achieve this goal, they provide comprehensive education, vocational training, employment placement, and additional support services. By transforming donated cars into resources for automotive training and social services, Newgate offers low-income adults in the Twin Cities area the opportunity to gain employment, transportation, and ultimately, self-sufficiency. The organization currently employs 18 individuals, contributing positively to their local community.
Official website here: www.newgateschool.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Newgate Education and Research Center Inc has earned a solid Three-Star rating from Charity Navigator, reflecting its strong accountability and financial practices. The organization has demonstrated excellence in several areas, including an entirely independent board and an impressive program expense ratio of over 82%. However, there are notable shortcomings, particularly in areas like the whistleblower policy and document retention, which received low scores.
User feedback highlights the effectiveness of Newgate's model, where donated cars are repaired by students and sold at auction, creating a sustainable revenue stream. Reviewers commend the organization's dual focus on teaching auto repair skills and instilling essential life skills such as responsibility and work ethic. One user specifically praised Newgate for its positive impact on low-income adults and the community, noting the annual donation of cars to single working mothers.
Despite its strengths, the organization should address the weaknesses identified in its governance practices to enhance transparency and accountability. Overall, Newgate Education and Research Center Inc is recognized for its meaningful contributions to workforce development and community support.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Newgate Education And Research Center Inc legitimate?
Newgate Education And Research Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newgate Education And Research Center 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: $145,930
Professional Fundraising Fees: $0
Other Salaries and Wages: $671,261
For more financial information, click here
Official website here: www.newgateschool.org
What is the mission statement of Newgate Education And Research Center Inc?
The Newgate Education and Research Center Inc's mission is centered around assisting individuals in achieving employment success. This is accomplished through the provision of education, vocational training, employment placement, and various support services. The organization's mission further extends to transforming donated vehicles into programs that offer low-income adults in the Twin Cities with automotive training, job opportunities, and transportation assistance. These initiatives aim to empower these individuals, helping them to gain the necessary skills, work ethic, and self-confidence required to excel in their careers in the automotive repair technology sector.
Official website here: www.newgateschool.org
Who is the CEO of Newgate Education And Research Center Inc?
Blythe Severson is the President of Newgate Education And Research Center Inc.
Official website here: www.newgateschool.org
What is the revenue of Newgate Education And Research Center Inc?
Newgate Education And Research Center Inc's revenue in 2023 was $3,555,350.
Official website here: www.newgateschool.org
Who are the executives of Newgate Education And Research Center Inc and what are their salaries?
The average compensation at Newgate Education And Research Center Inc during 2023 was $45,400. There are 18 employees at Newgate Education And Research Center Inc.
Here are 5 key members and their salaries:
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- Compensation: $100,500
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- Other: $5,025
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Official website here: www.newgateschool.org
Where can I find the form 990 for Newgate Education And Research Center Inc?
Newgate Education And Research Center Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.newgateschool.org
Learn more at the official website: www.newgateschool.org
Mission Statement of Newgate Education And Research Center Inc
Newgate Education and Research Center Inc is dedicated to assisting Minnesota citizens in achieving employment success. They accomplish this by providing education, vocational training, employment placement, and various support services. This nonprofit organization's mission is to transform tax-deductible donations of cars into automotive training and social service programs. These programs aim to equip low-income adults in the Twin Cities with the necessary vocational skills, work ethic, and self-confidence required to excel in a career in the automotive repair technology field, thereby helping them achieve self-sufficiency.
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Impact
July, 2024
Newgate Education And Research Center Inc's impact is significant in assisting Minnesota citizens in becoming successfully employed by providing education, vocational training, employment placement, and other support services. Specifically focusing on individuals who are unemployed or underemployed, the organization equips them with vocational skills, a strong work ethic, and the personal confidence needed to succeed in a career in automotive repair technology. By turning tax-deductible gifts of donated cars into automotive training and social service programs, Newgate Education And Research Center Inc provides low-income adults in the Twin Cities with valuable training, job opportunities, and transportation resources to help them achieve self-sufficiency. The organization's mission to empower individuals through education and employment opportunities leaves a tangible impact on the community, paving the way for brighter futures for those in need.
This information is meant to be a general summary of Newgate Education And Research Center 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 2023.
- Investment Income: -$14,354
- Program Service Revenue: $2,423,182
- Gross Receipts: $3,975,211
Assets and Liabilities:
- Total Assets: $5,301,465
- Total Liabilities: $203,747
- Net Assets: $5,097,718
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
VEHICLE SALES
Revenue
$2,390,437
OTHER INCOME
Revenue
$32,745
Organization Details
Founding Year
1975
Phone
(612) 378-0177Principal Officer
Blythe Severson
Main Address
2900 E HENNEPIN AVENUE, MINNEAPOLIS, MN, 55413
Website
www.newgateschool.orgNTEE Category
Code: B28J - Education
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