Overview
What is Alliance For Coney Island Inc?
Alliance for Coney Island Inc is a nonprofit organization situated in Brooklyn, New York, with a postal address at 1904 Surf Avenue, 11224. The primary mission of this organization is to maintain and enhance Coney Island's status as a vibrant, year-round community and regional attraction. To accomplish this goal, they engage in a variety of activities, including fostering economic growth and job opportunities, improving the overall quality of life for residents and visitors, conducting research to benefit the community, and cultivating new and existing industries and commerce in the area. With a workforce of five dedicated individuals, Alliance for Coney Island Inc is committed to sustaining the vitality and appeal of this iconic neighborhood.
Official website here: www.allianceforconeyisland.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Alliance For Coney Island Inc has achieved an impressive 96% rating, reflecting a strong commitment to accountability and financial transparency. This high score is based solely on their performance in this area, indicating robust governance and sound financial practices. The organization has a majority of independent board members and maintains a comprehensive audit and oversight committee, demonstrating their dedication to effective oversight.
Strengths highlighted in the evaluation include a low liabilities-to-assets ratio of 25.47% and a substantial program expense ratio of 79.78%, suggesting that a significant portion of their funds is directed towards their mission-driven programs. The organization has also implemented critical policies such as conflict of interest, whistleblower protections, and document retention, which further enhances their operational integrity.
No significant limitations were noted in the data, as the organization excels in various transparency and governance aspects. Overall, the Alliance For Coney Island Inc stands out for its strong financial health and commitment to ethical practices, making it a trustworthy option for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Alliance For Coney Island Inc legitimate?
Alliance For Coney Island Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alliance For Coney Island 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: $88,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $106,021
For more financial information, click here
Official website here: www.allianceforconeyisland.org
What is the mission statement of Alliance For Coney Island Inc?
The Alliance for Coney Island Inc. is committed to establishing initiatives and programs that are essential for sustainability. Their mission is to transform Coney Island into a vibrant, year-round community and regional attraction. This involves fostering economic activities and employment opportunities, improving the quality of life for both residents and visitors, conducting research beneficial to the community, and developing and retaining industries and commerce.
Official website here: www.allianceforconeyisland.org
What is the revenue of Alliance For Coney Island Inc?
Alliance For Coney Island Inc's revenue in 2024 was $1,157,138.
Official website here: www.allianceforconeyisland.org
Who are the executives of Alliance For Coney Island Inc and what are their salaries?
The average compensation at Alliance For Coney Island Inc during 2024 was $64,674. There are 3 employees and 7 volunteers at Alliance For Coney Island Inc.
Here are 10 key members and their salaries:
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- Compensation: $84,616
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Official website here: www.allianceforconeyisland.org
Where can I find the form 990 for Alliance For Coney Island Inc?
Alliance For Coney Island Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.allianceforconeyisland.org
Learn more at the official website: www.allianceforconeyisland.org
Mission Statement of Alliance For Coney Island Inc
Alliance for Coney Island Inc is committed to establishing initiatives and programs that are essential for sustaining Coney Island as a vibrant regional attraction and thriving year-round community. The organization's mission involves fostering economic activity and employment opportunities, improving the quality of life for both residents and visitors, conducting research for the benefit of the community, and developing and retaining new and existing industries and commerce. In essence, Alliance for Coney Island Inc aims to revitalize and strengthen the area, making it an engaging and thriving destination for people all year round.
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Impact
July, 2024
Alliance For Coney Island Inc's impact is significant in fostering economic activity and employment opportunities in Coney Island, improving the quality of life for residents and visitors, conducting research for the benefit of the community, and developing and retaining new and existing industry and commerce. By establishing initiatives and programs critical to sustaining Coney Island as a bustling regional attraction and thriving year-round community, the organization plays a crucial role in enhancing the overall well-being and vitality of the area. Their efforts contribute to community improvement and the long-term sustainability of Coney Island as a vibrant destination.
This information is meant to be a general summary of Alliance For Coney Island 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 2024.
- Investment Income: $4,850
- Program Service Revenue: $257,365
- Gross Receipts: $1,157,138
Assets and Liabilities:
- Total Assets: $1,081,351
- Total Liabilities: $285,761
- Net Assets: $795,590
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE INCOME
Revenue
$257,365
Organization Details
Founding Year
2012
Principal Officer
Daniel Murphy
NTEE Category
Code: S20 - Community improvement
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