Overview
What is Eccs Building Company?
Eccs Building Company is a nonprofit organization situated in Minneapolis, Minnesota, with a specific mission. They primarily focus on acquiring and managing real estate, ultimately providing a building for lease to their beneficiary organization, El Colegio Charter School. This school is a Minnesota-based charter institution. The company's role is instrumental in ensuring El Colegio Charter School has an adequate learning environment, thereby contributing significantly to the education sector in the region.
Official website here: www.el-colegio.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star rating.
Eccs Building Company has received a low rating of 58%, reflecting significant areas for improvement in accountability and financial management. While the organization has a majority of independent board members, its overall governance structure is undermined by the lack of independent members on the board and missing essential policies such as a whistleblower policy and document retention guidelines.
On the positive side, Eccs Building Company has demonstrated a strong commitment to its programs, with a program expense ratio of 95.08%, indicating that a substantial portion of its funds is directed towards its mission. However, the organization faces financial challenges, as evidenced by a liabilities to assets ratio of over 100%, which raises concerns about its financial stability.
Overall, while Eccs Building Company shows promise in its program funding, it must address its governance issues and financial health to enhance its credibility and effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Eccs Building Company legitimate?
Eccs Building Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eccs Building Company 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
For more financial information, click here
Official website here: www.el-colegio.org
What is the mission statement of Eccs Building Company?
Eccs Building Company's mission is centered around providing an educational facility for a beneficiary organization, specifically El Colegio Charter School. They accomplish this by purchasing and managing real estate, which includes a building, for lease to the charter school. This endeavor aims to contribute to the educational endeavors of the charter school, thereby supporting its mission and operations.
Official website here: www.el-colegio.org
What is the revenue of Eccs Building Company?
Eccs Building Company's revenue in 2023 was $170,500.
Official website here: www.el-colegio.org
Who are the executives of Eccs Building Company and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $57,260
- Other: $17,689
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.el-colegio.org
Where can I find the form 990 for Eccs Building Company?
Eccs Building Company's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.el-colegio.org
Learn more at the official website: www.el-colegio.org
Mission Statement of Eccs Building Company
Eccs Building Company, as a entity, is dedicated to procuring and overseeing the management of a building, which is then leased to its beneficiary organization, El Colegio Charter School. In essence, the company's mission is to provide El Colegio Charter School with a suitable educational facility. This mission is instrumental in supporting the educational endeavors of the Minnesota Charter School, ensuring it has a conducive learning environment. Eccs Building Company's role in this process is crucial in enabling El Colegio Charter School to deliver quality education to its students.
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Impact
October, 2024
Eccs Building Company plays a vital role in supporting the educational landscape in Minneapolis by managing a dedicated facility for El Colegio Charter School. By providing a well-maintained building specifically designed for educational purposes, Eccs Building Company ensures that the school can focus on delivering quality education without the burdens of property management. This partnership directly enhances the learning environment for students, allowing El Colegio Charter School to thrive and serve the community effectively. The impact of Eccs Building Company extends beyond the physical space; it fosters a supportive atmosphere for educational growth, promoting student success and community engagement in Minneapolis.
This information is meant to be a general summary of Eccs Building Company. 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.
- Program Service Revenue: $170,500
- Gross Receipts: $170,500
Assets and Liabilities:
- Total Assets: $2,042,387
- Total Liabilities: $2,011,814
- Net Assets: $30,573
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent revenue
Revenue
$170,500
Organization Details
Founding Year
2000
Principal Officer
Landon Nelson
Website
www.el-colegio.orgNTEE Category
Code: B110 - Education
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