Overview
What is Civic Community Partners Inc?
Civic Community Partners Inc is a nonprofit organization based in San Diego, California, specifically located at 8989 RIO SAN DIEGO DRIVE SUITE 100. Its primary mission is to invest in underprivileged communities in San Diego County by securing New Markets Tax Credits (NMTC). This nonprofit raises funds for investment and manages subsidiary limited liability companies and partnerships to qualify for these tax credits. They then allocate these credits to various organizations, helping them fund construction projects and programs in underserved areas. The corporation's purpose also includes transferring any excess NMTC revenues to Community Development Financial Institutions (CDFIs) for programs and activities.
Official website here: www.civicsd.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Civic Community Partners Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating strong accountability and financial practices. This high score is based entirely on the organization's adherence to best practices in financial management, showcasing a commitment to transparency and responsible stewardship of funds.
One of the notable strengths of Civic Community Partners Inc is its governance structure, featuring a board that is 100% independent, which fosters impartial decision-making. All required policies, including conflict of interest and whistleblower policies, are in place, further enhancing the organization's credibility. Additionally, their financial health is reflected in a low liabilities-to-assets ratio and a complete allocation of program expenses, indicating that all funds are directed towards their mission.
Despite the positive aspects, the overview does not highlight any specific programmatic achievements or the impact of their work in the community. Prospective donors and supporters may benefit from additional insights into the organization's programs and outcomes to better understand their contribution to civic engagement and community development.
This AI summary has been generated from information found on Charity Navigator.
Is Civic Community Partners Inc legitimate?
Civic Community Partners Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Civic Community Partners 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.civicsd.com
What is the mission statement of Civic Community Partners Inc?
Civic Community Partners Inc was established as a nonprofit organization with a mission to make qualified investments in low-income communities, primarily in San Diego or other areas that qualify for New Markets Tax Credits (NMTC). The corporation's objectives include raising equity for investment, managing subsidiary limited liability companies, and applying for certification as a Qualified Community Development Entity (CDE) on behalf of these subsidiaries. The organization also transfers NMTC allocations to subsidiary CDEs and invests excess NMTC revenues into Community Development Financial Institution (CDFI) programs and activities. Furthermore, Civic Community Partners Inc engages in various activities that align with its purpose, which is to promote community development and investment in low-income areas.
Official website here: www.civicsd.com
Who is the CEO of Civic Community Partners Inc?
Andrew T Phillips is the Chair of Civic Community Partners Inc. The CEO's salary of Civic Community Partners Inc is $0 and their total compensation is $361,607.
Official website here: www.civicsd.com
What is the revenue of Civic Community Partners Inc?
Civic Community Partners Inc's revenue in 2022 was $4,304,569.
Official website here: www.civicsd.com
Who are the executives of Civic Community Partners Inc and what are their salaries?
Here are 10 key members and their salaries (Civic Community Partners Inc's CEO's salary is $0 and their total compensation is $361,607):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Related: $320,658
- Other: $40,949
- Compensation: $0
- Related: $240,656
- Other: $28,571
- Compensation: $0
- Related: $210,317
- Other: $30,891
- Compensation: $0
- Related: $193,337
- Other: $38,767
Official website here: www.civicsd.com
Where can I find the form 990 for Civic Community Partners Inc?
Civic Community Partners Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.civicsd.com
Learn more at the official website: www.civicsd.com
Mission Statement of Civic Community Partners Inc
Civic Community Partners Inc, a nonprofit public benefit corporation, was established with a mission to make qualified low-income community investments. The organization's primary purpose is to benefit the County of San Diego, or any other activities that qualify for New Markets Tax Credits (NMTC). In addition to this, Civic Community Partners engages in various activities to further its objectives. This includes raising equity for investment by the corporation or its affiliated entities. The corporation also forms subsidiary limited liability companies, serving as their manager or managing member, or subsidiary limited partnerships, where it acts as the general partner.
One of the key roles of Civic Community Partners is to apply on behalf of its subsidiaries for their certification as a Qualified Community Development Entity (CDE) as defined in Section 45D of the Internal Revenue Code. Once certified, the corporation can transfer any allocations of NMTCs received to these subsidiary CDEs. Furthermore, Civic Community Partners invests excess NMTC revenues into CDFI programs and activities. The corporation's multifaceted approach to community investment and development reflects its commitment to improving the lives of low-income communities.
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Impact
July, 2024
Civic Community Partners Inc's impact can be seen in its dedication to community improvement through the allocation of New Markets Tax Credits to underserved communities in San Diego County. By serving as the managing member of subsidiary CDEs and authorizing allocations of $213,000,000, the organization has facilitated funding for construction projects and programs that benefit those in need. This proactive approach not only helps to revitalize these communities but also creates opportunities for economic development and empowerment. Through its actions, Civic Community Partners Inc is making a tangible difference in the lives of individuals and the overall well-being of the community.
This information is meant to be a general summary of Civic Community Partners 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 2022.
- Investment Income: $16,699
- Program Service Revenue: $3,716,643
- Gross Receipts: $4,304,569
Assets and Liabilities:
- Total Assets: $8,998,192
- Total Liabilities: $1,356,113
- Net Assets: $7,642,079
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PLACEMENT AND SERVICIN
Revenue
$2,750,000
ASSET MANAGEMENT FEES
Revenue
$778,775
INCENTIVE MANAGEMENT F
Revenue
$140,577
FISCAL SPONSORSHIP FEE
Revenue
$23,149
MISCELLANEOUS REVENUE
Revenue
$17,457
Organization Details
Founding Year
2013
Phone
(619) 235-2200Principal Officer
Andrew T Phillips
Main Address
8989 RIO SAN DIEGO DRIVE SUITE 100, SAN DIEGO, CA, 92108
Website
www.civicsd.comNTEE Category
Code: S30 - Community improvement
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