Overview
What is Newmarket Community Partners Inc?
Newmarket Community Partners Inc is a nonprofit organization situated in Boston, Massachusetts, specifically at 225 Southampton Street, with a focus on fostering job growth and employment opportunities within the Newmarket Industrial District. Their mission revolves around promoting job expansion and workforce development, aiming to educate the community about the available opportunities in the area. With a dedicated workforce of four individuals, they are committed to contributing to the local economy and improving employment prospects for the community.
Official website here: www.newmarketcommunitypartners.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, Two-Star out of Four Star rating
Newmarket Community Partners Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and finance management. The overall score is largely influenced by the organization's efforts in maintaining an independent board and a good percentage of program expenses, though there are areas that need improvement to elevate their rating.
The organization demonstrates strengths in governance, with 80% of board members being independent, and has a solid score in program expense ratio at 67.40%. They also maintain a clear conflict of interest policy and document board meeting minutes effectively. However, the lack of a whistleblower and document retention policy raises concerns about transparency and accountability.
A significant limitation noted is the liabilities to assets ratio, which stands at a high 181.46%. This figure suggests potential financial instability, which could impact the organization's operations and its ability to fulfill its mission effectively. Overall, while Newmarket Community Partners Inc shows promising governance and program spending, addressing financial management and policy gaps is crucial for future improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Newmarket Community Partners Inc legitimate?
Newmarket Community Partners Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newmarket 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: $23,077
Professional Fundraising Fees: $0
Other Salaries and Wages: $41,904
For more financial information, click here
Official website here: www.newmarketcommunitypartners.org
What is the mission statement of Newmarket Community Partners Inc?
Newmarket Community Partners Inc is committed to fostering the expansion of employment opportunities and job growth in an industrial district. They achieve this by focusing on both job development and workforce education. The organization actively works towards informing the community about the available job prospects in the area.
Official website here: www.newmarketcommunitypartners.org
Who is the CEO of Newmarket Community Partners Inc?
Unavailable
Official website here: www.newmarketcommunitypartners.org
What is the revenue of Newmarket Community Partners Inc?
Newmarket Community Partners Inc's revenue in 2022 was $39,433.
Official website here: www.newmarketcommunitypartners.org
Who are the executives of Newmarket Community Partners Inc and what are their salaries?
The average compensation at Newmarket Community Partners Inc during 2022 was $16,245. There are 4 employees and 7 volunteers at Newmarket Community Partners Inc.
Here are 5 key members and their salaries:
- Compensation: $36,189
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.newmarketcommunitypartners.org
Where can I find the form 990 for Newmarket Community Partners Inc?
Newmarket Community Partners Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newmarketcommunitypartners.org
Learn more at the official website: www.newmarketcommunitypartners.org
Mission Statement of Newmarket Community Partners Inc
Newmarket Community Partners Inc is committed to driving the expansion of employment opportunities and job growth within the Newmarket Industrial District. Their mission is centered around fostering workforce development, with a primary focus on stimulating job creation in this specific industrial area. The organization works tirelessly to educate the local community about the various job prospects available, thereby contributing to the overall growth and development of the area.
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Impact
August, 2024
Newmarket Community Partners Inc's impact is centered around the growth of jobs and employment opportunities in the Newmarket Industrial District. By focusing on job growth and workforce development, the organization is actively working to educate the Newmarket community about available opportunities. Their mission is to strengthen the local economy by creating more employment options, which ultimately contributes to the overall growth and prosperity of the community in Boston, MA. Through their efforts, Newmarket Community Partners Inc is helping to address employment challenges and support individuals in securing meaningful work opportunities.
This information is meant to be a general summary of Newmarket 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
- Program Service Revenue: $37,500
- Gross Receipts: $39,433
Assets and Liabilities:
- Total Assets: $66,890
- Total Liabilities: $108,571
- Net Assets: -$41,681
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SHUTTLE SERVICE REVENUE
Revenue
$37,500
Organization Details
Founding Year
2013
Main Address
225 SOUTHAMPTON ST, BOSTON, MA, 02118
NTEE Category
Code: J22 - Employment
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