Overview
What is Corcoran Neighborhood Organization?
The Corcoran Neighborhood Organization (CNO) is a long-standing, community-focused nonprofit based in Minneapolis, Minnesota. Established over 45 years ago, CNO engages in various events, programs, and advocacy initiatives to enhance its mission. One of their notable annual events is the Stop the Violence Community Cookout, attracting thousands of community members and volunteers. CNO also supports the Renter Support Fund (RSF), a program that aims to assist cost-burdened residents in Minneapolis with direct financial aid. Beyond this, they serve as a resource, connection, and partner for community members, offering employment assistance, food support, and general life guidance. CNO's office typically connects with approximately 100,000 community residents or business owners annually, either through phone calls, emails, or in-person visits. As a non-partisan entity, CNO acts as an information source, spokesperson, and advocate for the community, engaging members in civic affairs and discussing issues that may impact the community positively or negatively. Additionally, CNO provides fiscal agency support for community projects and initiatives on an average of 12 times a year.
Official website here: www.corcoranneighborhood.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 73%)
The Corcoran Neighborhood Organization has received a two-star rating, indicating a need for improvement in certain areas of its operations. While the organization boasts a high program expense ratio of 88.19%, demonstrating a strong commitment to its mission, it faces significant challenges related to financial transparency, as evidenced by a lack of financial statements and missing policies such as a whistleblower and document retention policy.
On the positive side, the organization exhibits strong governance with 100% independent board members and a well-sized board, which reflects a commitment to effective oversight. Additionally, there are no reported material diversions of assets, indicating sound financial management in that aspect. However, the absence of crucial documents like tax forms on their website raises concerns about transparency and accountability.
Overall, while Corcoran Neighborhood Organization demonstrates strengths in program expenses and board independence, the critical gaps in financial documentation and policies suggest that potential donors and supporters should consider these issues when evaluating the organization's overall effectiveness and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Corcoran Neighborhood Organization legitimate?
Corcoran Neighborhood Organization is a legitimate nonprofit organization registered as a 501(c)(3) entity. Corcoran Neighborhood Organization 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:
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Official website here: www.corcoranneighborhood.org
What is the mission statement of Corcoran Neighborhood Organization?
The Corcoran Neighborhood Organization's mission is to bring together community members with the aim of strengthening their neighborhood. Acting as a non-partisan information source and advocate, the organization engages community members in civic affairs, focusing on issues that could positively or negatively impact the community. Through various events, programs, and advocacy initiatives, CNO works towards advancing its mission. This includes organizing the largest free community event annually, providing support for the Renter Support Fund, and offering fiscal agency support to groups benefiting the community. The organization also serves as a resource, connection, and partner, connecting community members to necessary information and resources. CNO typically connects with over 100,000 community residents or business owners each year through phone calls, emails, and in-person visits.
Official website here: www.corcoranneighborhood.org
Who is the CEO of Corcoran Neighborhood Organization?
Alicia D Smith is the Chair of Corcoran Neighborhood Organization.
Official website here: www.corcoranneighborhood.org
What is the revenue of Corcoran Neighborhood Organization?
Corcoran Neighborhood Organization's revenue in 2022 was $1,251,000.
Official website here: www.corcoranneighborhood.org
Who are the executives of Corcoran Neighborhood Organization and what are their salaries?
There are 3 employees and 150 volunteers at Corcoran Neighborhood Organization.
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- Compensation: $87,845
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- Other: $10,916
Official website here: www.corcoranneighborhood.org
Where can I find the form 990 for Corcoran Neighborhood Organization?
Corcoran Neighborhood Organization's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.corcoranneighborhood.org
Learn more at the official website: www.corcoranneighborhood.org
Mission Statement of Corcoran Neighborhood Organization
The Corcoran Neighborhood Organization, established over four decades ago, serves as a unifying force within its community. Its primary mission is to act as a non-partisan information source, spokesperson, and advocate for civic affairs, engaging community members in discussions surrounding issues that could potentially impact their neighborhood positively or negatively. The organization strives to foster unity among neighbors, aiming to strengthen the community as a whole. It accomplishes this mission through various events, programs, and advocacy initiatives. The Corcoran Neighborhood Organization plays an essential role in connecting community members and businesses to resources and information they may need, interacting with nearly 100,000 residents and business owners annually.
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Impact
July, 2024
Corcoran Neighborhood Organization plays a crucial role in strengthening the community by uniting neighbors and advocating for their interests on civic affairs. The organization's impact is evident through its various initiatives and programs that directly support and empower the residents of Corcoran and beyond. With events like the Stop the Violence Community Cookout, which attracts thousands of community members and volunteers, Corcoran Neighborhood Organization fosters a sense of unity and solidarity within the neighborhood.
Additionally, the Renter Support Fund provides essential financial assistance to those facing housing insecurity, demonstrating the organization's commitment to addressing pressing community needs. By offering employment connections, food support, and general life assistance, Corcoran Neighborhood Organization serves as a valuable resource and partner for individuals in the community.
Through its outreach and engagement efforts, the organization connects with a significant number of residents and business owners each year, ensuring that their voices are heard and their concerns are addressed. Furthermore, by offering fiscal agency support for community projects, Corcoran Neighborhood Organization enables individuals and groups to enact positive change that benefits the community as a whole.
In summary, Corcoran Neighborhood Organization's impactful work and commitment to uniting neighbors and addressing community issues make it a valuable and essential organization in Minneapolis.
This information is meant to be a general summary of Corcoran Neighborhood Organization. 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.
- Program Service Revenue: $30,710
- Gross Receipts: $1,251,000
Assets and Liabilities:
- Total Assets: $831,280
- Total Liabilities: $344,097
- Net Assets: $487,183
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program income
Revenue
$4,235
Market
Revenue
$26,475
Organization Details
Founding Year
1975
Phone
(612) 724-7457Principal Officer
Alicia D Smith
Main Address
3451 Cedar Avenue South, Minneapolis, MN, 55407
Website
www.corcoranneighborhood.orgNTEE Category
Code: L80 - Housing
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