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Hudson Valley Current Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 464836595 ✦ Kerhonkson, NY ✦ Designated as a 501(c)(3)

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Overview

What is Hudson Valley Current Inc?

Hudson Valley Current Inc is a nonprofit organization situated in Kingston, New York, with its headquarters at 630 Broadway. Their mission revolves around fostering community development through sustainable economic practices and addressing local hunger issues. They operate as a cafe and market, where a portion of the profits is dedicated to aiding needy individuals in the community. Additionally, they promote member goods, furthering their commitment to local development. With a small workforce of 11 employees, Hudson Valley Current Inc remains focused on making a positive impact within their community.


Official website here: www.hudsonvalleycurrent.org

Is Hudson Valley Current Inc legitimate?

Hudson Valley Current Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hudson Valley Current 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: $105,021
Professional Fundraising Fees: $0
Other Salaries and Wages: $51,402

For more financial information, click here


Official website here: www.hudsonvalleycurrent.org

What is the mission statement of Hudson Valley Current Inc?

Hudson Valley Current Inc, as an organization, is committed to fostering community development in a sustainable manner. One of their primary objectives is to alleviate hunger and poverty within their local community. To achieve this, they operate a cafe and market. A portion of the revenue generated from these ventures is allocated towards assisting needy individuals in the community. Furthermore, Hudson Valley Current Inc also promotes the sales of products made by their members, thereby supporting local businesses.


Official website here: www.hudsonvalleycurrent.org

What is the revenue of Hudson Valley Current Inc?

Hudson Valley Current Inc's revenue in 2023 was $612,938.


Official website here: www.hudsonvalleycurrent.org

Who are the executives of Hudson Valley Current Inc and what are their salaries?

The average compensation at Hudson Valley Current Inc during 2023 was $17,380. There are 9 employees at Hudson Valley Current Inc.

Here are 6 key members and their salaries:


Christopher Fenichel-Hewitt (Executive Director)
  • Compensation: $105,021
  • Related: $0
  • Other: $0
David Mccarthy (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shaniqua Bowden (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Caslin (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Kim (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kaustubh Wahal (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hudsonvalleycurrent.org

Where can I find the form 990 for Hudson Valley Current Inc?

Hudson Valley Current Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.hudsonvalleycurrent.org

Learn more at the official website: www.hudsonvalleycurrent.org

Mission Statement of Hudson Valley Current Inc

Hudson Valley Current Inc, a nonprofit organization, is committed to fostering local community development through sustainable economic initiatives and addressing food insecurity. Their mission is twofold: firstly, they aim to stimulate economic growth within the community, and secondly, they work to alleviate hunger in the area. To achieve this, Hudson Valley Current Inc operates a cafe and market where a portion of the profits are dedicated to helping those in need within the community. Furthermore, the organization showcases and supports local businesses by promoting their goods at the cafe and market. In essence, Hudson Valley Current Inc serves as a platform for community building, economic development, and social responsibility, all while ensuring no one goes hungry in their community.

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Impact




October, 2024

Hudson Valley Current Inc significantly impacts the Kingston, NY community by fostering local community building and promoting sustainable economic development. Through its cafe and market, the organization not only serves delicious food but also dedicates a portion of its proceeds to support individuals in need within the community. By championing locally produced goods, it encourages members of the community to engage with and support local businesses, thereby strengthening the local economy. This initiative cultivates a sense of community and collaboration, addressing the immediate needs of those requiring assistance while simultaneously encouraging the growth of local enterprises. The dual focus on community support and local economic sustainability makes Hudson Valley Current Inc a vital resource for Kingston residents, enhancing both social and economic cohesion within the area.




This information is meant to be a general summary of Hudson Valley Current 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.

Revenue
$612,938 (2023)
Expenses
$550,930 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $10,258
  • Program Service Revenue: $141,783
  • Gross Receipts: $612,938

Assets and Liabilities:

  • Total Assets: $39,766
  • Total Liabilities: $141,011
  • Net Assets: -$101,245

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Satisfy Hunger Campaign

Revenue

$136,759

Livelihood

Revenue

$5,024

Organization Details

Founding Year

2014

Principal Officer

Christopher Hewitt

NTEE Category

Code: S20 - Community improvement

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