Overview
What is Columbus Next Generation Corporation?
Columbus Next Generation Corporation (CNGC) is a nonprofit organization located in Columbus, Ohio. Its primary mission is to revitalize underdeveloped neighborhoods in the city by identifying and securing under-utilized lands and properties. They create master plans for these properties, conduct feasibility studies, and solicit local community support. CNGC then positions these properties for further development with the help of private and public partnerships, aiming to maximize their success and improve the overall cityscape. They contribute to neighborhood development by assessing and evaluating neighborhood needs, purchasing and packaging properties for redevelopment. With a small team of two dedicated individuals, CNGC works diligently to foster growth and enhance the livability of Columbus's neighborhoods.
Official website here: www.columbusnextgen.org
What are the reviews and ratings of this charity?
Charity Navigator has rated Columbus Next Generation Corporation with a score of 81%, resulting in a Three-Star out of Four Star rating. This score reflects the organization's commitment to accountability and finance, indicating a solid management of funds and operations. The charity excels in various governance aspects, showcasing an entirely independent board and strong financial ratios.
Strengths of the organization include a high program expense ratio of 85.75%, which demonstrates that a significant majority of its funds are directed towards its programs rather than administrative costs. Additionally, the charity has implemented effective policies regarding conflict of interest, whistleblower protections, and document retention, all of which enhance its transparency and accountability.
While the rating is commendable, it is essential for potential donors and stakeholders to consider that the Three-Star rating suggests there is still room for improvement. Continuous efforts to maintain transparency and optimize resource allocation will be crucial for the organization moving forward. Overall, Columbus Next Generation Corporation shows promise in its commitment to serving its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Columbus Next Generation Corporation legitimate?
Columbus Next Generation Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Columbus Next Generation 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: $163,167
Professional Fundraising Fees: $0
Other Salaries and Wages: $72,958
For more financial information, click here
Official website here: www.columbusnextgen.org
What is the mission statement of Columbus Next Generation Corporation?
Columbus Next Generation Corporation, in its mission, fosters collaborative partnerships between private and public entities to enhance the potential of underdeveloped urban areas. The organization identifies and assesses the needs of neighborhoods, acquires and consolidates underutilized properties, and develops comprehensive plans for their rejuvenation. By soliciting community input and support, CNGC aims to revitalize these areas, thereby uplifting the entire city, particularly those neighborhoods lacking the resources for self-improvement. The corporation's ultimate goal is to create viable land development opportunities, ultimately maximizing their success.
Official website here: www.columbusnextgen.org
Who is the CEO of Columbus Next Generation Corporation?
Boyce Safford Iii is the Executive Director of Columbus Next Generation Corporation.
Official website here: www.columbusnextgen.org
What is the revenue of Columbus Next Generation Corporation?
Columbus Next Generation Corporation's revenue in 2022 was $2,193,668.
Official website here: www.columbusnextgen.org
Who are the executives of Columbus Next Generation Corporation and what are their salaries?
The average compensation at Columbus Next Generation Corporation during 2022 was $118,062. There are 2 employees at Columbus Next Generation Corporation.
Here are 8 key members and their salaries:
- Compensation: $163,167
- Related: $0
- Other: $0
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- Other: $0
Official website here: www.columbusnextgen.org
Where can I find the form 990 for Columbus Next Generation Corporation?
Columbus Next Generation Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.columbusnextgen.org
Learn more at the official website: www.columbusnextgen.org
Mission Statement of Columbus Next Generation Corporation
Columbus Next Generation Corporation (CNGC) is an organization that specializes in fostering collaborative partnerships between private and public sectors to catalyze the transformation of underutilized land and properties. Their mission is to identify and assess neighborhood needs, purchase and package these properties for redevelopment, and ultimately contribute to the revitalization of urban areas that lack the necessary resources to improve independently. By engaging local community input and support, CNGC aims to create viable land development opportunities and maximize their success, thereby enhancing the overall cityscape of Columbus. The organization's role extends beyond mere property acquisition and redevelopment; it also works towards building the capacity for neighborhood development, ensuring sustainable growth in the targeted areas.
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Impact
July, 2024
Columbus Next Generation Corporation's impact can be seen through its work in creating private and public partnerships to aid in viable land development opportunities. By identifying under-utilized land and properties, securing control, and creating master plans for redevelopment, CNGC is actively revitalizing neighborhoods in Columbus that lack the capacity for improvement. Through feasibility studies and soliciting local community input and support, the organization is playing a vital role in the city's overall revitalization efforts. By helping to enhance the development capacity of these neighborhoods, CNGC is fostering positive change and mutual benefit for the community.
This information is meant to be a general summary of Columbus Next Generation 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.
- Investment Income: $8,097
- Gross Receipts: $2,193,668
Assets and Liabilities:
- Total Assets: $6,528,188
- Total Liabilities: $17,956
- Net Assets: $6,510,232
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Organization Details
Founding Year
2012
Principal Officer
Boyce Safford Iii
Main Address
1393 East Broad Street STE 301, Columbus, OH, 43205
Website
www.columbusnextgen.orgNTEE Category
Code: Y99 - Mutual benefit
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