Overview
What is 1026 East Center Street Llc?
1026 East Center Street Llc is a joint entity established by representatives from the Boys & Girls Club of Rochester and Child Care Resource & Referral's Head Start Program. This collaboration was formed in 2013 to facilitate future ownership and management guidance of a shared facility. The purpose of this joint facility, now managed by 1026, is to support the missions and goals of both organizations, providing them with much-needed space. The Boys & Girls Club of Rochester utilizes the facility to carry out its youth development programs, while Child Care Resource & Referral's Head Start Program uses it for their early childhood education services. The joint facility serves as a vital hub for these two nonprofits, enabling them to better serve their respective communities in Rochester, Minnesota.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating. This rating reflects the organization’s strong emphasis on accountability and financial management, with a perfect score in several key areas. The charity earned a high score for its commitment to maintaining an independent board and robust financial oversight, indicating a solid governance structure.
The organization showcases an impressive degree of transparency and accountability, as evidenced by its independent board being composed entirely of independent members and effective financial controls. The high program expense ratio of 98.75% demonstrates a strong focus on using resources towards its mission rather than administrative costs.
Despite the positive aspects, potential donors and supporters may want to monitor the charity's overall impact and program effectiveness, as the rating is derived solely from financial metrics. While the accountability and finance score is commendable, understanding the impact of programs and services is crucial for a comprehensive evaluation of the nonprofit's effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is 1026 East Center Street Llc legitimate?
1026 East Center Street Llc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1026 East Center Street Llc 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of 1026 East Center Street Llc?
1026 East Center Street Llc serves as the fee holder for a shared facility, providing space for both the Boys & Girls Club of Rochester and Child Care Resource & Referral's Head Start Program. The purpose of this collaboration is to enable both organizations to carry out their individual missions and goals within the facility. Established in 2013, this joint facility acts as an intermediary between the two members, operating and managing the shared space. The goal is to support the missions of both organizations, which aim to provide essential services and resources to their respective communities.
Who is the CEO of 1026 East Center Street Llc?
Jon Losness is the Director of 1026 East Center Street Llc.
What is the revenue of 1026 East Center Street Llc?
1026 East Center Street Llc's revenue in 2022 was $504,937.
Who are the executives of 1026 East Center Street Llc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for 1026 East Center Street Llc?
1026 East Center Street Llc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 1026 East Center Street Llc
1026 East Center Street Llc, formed as a joint venture, serves as a facilitator, overseeing the ownership and management guidance of a shared facility. This joint facility is leased to two prominent organizations: Boys & Girls Club of Rochester and Child Care Resource & Referral's Head Start Program. The primary objective of 1026 East Center Street Llc is to provide these organizations with a suitable space to carry out their respective missions and goals. By acting as an intermediary, 1026 ensures a harmonious coexistence between the two organizations, ensuring the efficient operation and management of the shared facility. The joint facility has been in service since 2013, serving as a hub that accommodates the activities and programs of both Boy & Girls Club of Rochester and Child Care Resource & Referral's Head Start Program.
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Impact
July, 2024
1026 East Center Street Llc's impact is significant in providing a dedicated space for the Boys & Girls Club of Rochester and Child Care Resource & Referral's Head Start Program to carry out their missions and goals. By serving as an intermediary between these two organizations and managing the joint facility, 1026 Center Street LLC plays a crucial role in facilitating youth development activities and services in Rochester, MN. Through its efforts, 1026 Center Street LLC contributes to the well-being and growth of the community's youth population.
This information is meant to be a general summary of 1026 East Center Street Llc. 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: $504,937
- Gross Receipts: $504,937
Assets and Liabilities:
- Total Assets: $10,421,629
- Total Liabilities: $1,345,929
- Net Assets: $9,075,700
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BUILDING RENT REVENUE
Revenue
$504,937
Organization Details
Founding Year
2011
Phone
(507) 287-2020Principal Officer
Jon Losness
Main Address
126 WOODLAKE DR SE, ROCHESTER, MN, 55904
NTEE Category
Code: O20 - Youth development
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