Overview
What is Common Good Community Development Corporation?
Common Good Community Development Corporation, located at 1015 North Limestone St, Lexington, KY 40505, is a nonprofit organization dedicated to serving K-12 students. Their primary mission is to provide a safe and supervised environment during after-school hours and summer breaks. This includes offering nutritious meals, helping with homework, and providing mentoring services. The corporation serves 78 students, striving to ensure their well-being and academic success. The organization, with a staff of 18 individuals, is committed to enriching the lives of young people in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating
Common Good Community Development Corporation has received a solid Three-Star rating from Charity Navigator, indicating a respectable level of accountability and transparency. The overall score is composed of various metrics, with a notably high Culture & Community score of 100, reflecting the organization’s strong engagement and effectiveness in its community initiatives. Conversely, the Accountability & Finance score is lower at 71, suggesting room for improvement in financial management.
The organization demonstrates exemplary governance practices, with 100% of board members being independent and a robust policy framework in place. Key financial metrics are positive, including a program expense ratio of 70.17%, which indicates that a significant portion of funds is directed towards programs rather than administrative costs. The low liabilities to assets ratio of 0.35% also suggests sound financial health and stability.
However, despite its strengths, the lower score in Accountability & Finance highlights potential areas for growth, particularly in financial practices. Maintaining and improving financial transparency and accountability could further elevate its rating and enhance trust among stakeholders. Overall, Common Good Community Development Corporation is performing well, with notable strengths in community engagement and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Common Good Community Development Corporation legitimate?
Common Good Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Common Good Community Development 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: $65,620
Professional Fundraising Fees: $0
Other Salaries and Wages: $367,140
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What is the mission statement of Common Good Community Development Corporation?
The Common Good Community Development Corporation's mission is centered around providing a supportive environment for K-12 students during summer and after school hours. Their primary goal is to ensure a safe and supervised setting for these students, offering nutritious meals and assistance with homework and mentoring. This organization strives to contribute positively to the lives of these students, helping them navigate their academic journey more effectively. The corporation serves around 78 students, providing this service four days a week.
Who is the CEO of Common Good Community Development Corporation?
Laura Gallaher is the Executive Director of Common Good Community Development Corporation.
What is the revenue of Common Good Community Development Corporation?
Common Good Community Development Corporation's revenue in 2022 was $809,976.
Who are the executives of Common Good Community Development Corporation and what are their salaries?
The average compensation at Common Good Community Development Corporation during 2022 was $24,042. There are 18 employees and 168 volunteers at Common Good Community Development Corporation.
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Where can I find the form 990 for Common Good Community Development Corporation?
Common Good Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Common Good Community Development Corporation
Common Good Community Development Corporation is committed to providing a supportive and nurturing environment for K-12 students during summer and after school hours. Their mission is to ensure that these students have a safe and supervised space where they can receive nutritious meals, receive assistance with their homework, and benefit from mentoring. By offering these services, the organization aims to contribute positively to the academic and personal development of the students they serve. As of now, they have successfully helped 78 students through this program.
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Impact
July, 2024
Common Good Community Development Corporation has made a positive impact by providing essential services to students in the Lexington, KY area. Their after-school program offers a safe and supervised environment for K-12 students, where they receive nutritious meals, homework assistance, and mentoring. With a focus on community improvement, the organization serves 78 students and helps them thrive academically and personally. This impact contributes to the well-being of these students and the broader community.
This information is meant to be a general summary of Common Good Community Development 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $1,315
- Gross Receipts: $819,128
Assets and Liabilities:
- Total Assets: $1,207,750
- Total Liabilities: $4,283
- Net Assets: $1,203,467
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Fees
Revenue
$1,315
Organization Details
Founding Year
2012
Phone
(859) 333-0580Principal Officer
Laura Gallaher
Main Address
1015 North Limestone St, Lexington, KY, 40505
NTEE Category
Code: S41 - Community improvement
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