Overview
What is Malone Community Center?
The Malone Community Center, located at 2032 U Street, Lincoln, NE 68503, is a nonprofit organization committed to supporting children's education and well-being. Their mission is to eradicate multigenerational poverty in Lincoln while honoring its African-American heritage. They achieve this by providing academic support, structured recreation, arts and crafts activities, computer access, fun time, health and nutrition education, and cultural awareness programs. The center's aim is to foster unity and prosperity in the community. With a staff of 51 dedicated individuals, the Malone Community Center plays a vital role in nurturing and empowering the local community's youth.
Official website here: www.malonecenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Malone Community Center has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial integrity. The organization scored exceptionally well in all evaluated areas under the Accountability & Finance category, demonstrating effective governance practices with a fully independent board and robust financial oversight.
One of the standout strengths of the Malone Community Center is its high program expense ratio of 83.4%, indicating that a significant portion of its funds is directed towards its programs and services. Additionally, the organization maintains a low liability to assets ratio, showcasing its financial health and stability. The center has also implemented comprehensive policies, including those for conflict of interest and whistleblower protections, further enhancing its credibility and operational transparency.
However, while the center excels in many financial metrics, it received a lower score in fundraising efficiency, indicating that it may not be as efficient in generating funds compared to its peers. Despite this, the overall financial health and governance practices of the Malone Community Center position it as a trustworthy organization focused on serving its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Malone Community Center legitimate?
Malone Community Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Malone Community Center 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: $91,099
Professional Fundraising Fees: $0
Other Salaries and Wages: $794,179
For more financial information, click here
Official website here: www.malonecenter.org
What is the mission statement of Malone Community Center?
The Malone Community Center is dedicated to eliminating multigenerational poverty in a specific city, promoting unity and prosperity while honoring its African-American heritage. To achieve this, the center provides a range of services for children, including academic support, structured recreation, arts and crafts, computer activities, and health and nutrition education, all while fostering cultural awareness.
Official website here: www.malonecenter.org
Who is the CEO of Malone Community Center?
John Goodwin is the President of Malone Community Center.
Official website here: www.malonecenter.org
What is the revenue of Malone Community Center?
Malone Community Center's revenue in 2022 was $3,458,596.
Official website here: www.malonecenter.org
Who are the executives of Malone Community Center and what are their salaries?
The average compensation at Malone Community Center during 2022 was $17,358. There are 51 employees and 60 volunteers at Malone Community Center.
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- Compensation: $82,346
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Official website here: www.malonecenter.org
Where can I find the form 990 for Malone Community Center?
Malone Community Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.malonecenter.org
Learn more at the official website: www.malonecenter.org
Mission Statement of Malone Community Center
The Malone Community Center aims to eliminate multigenerational poverty in Lincoln by fostering unity and prosperity among its residents, while preserving and celebrating the African-American heritage. To accomplish this mission, the center provides a variety of educational and recreational activities for children. These include academic support, structured recreation, arts and crafts, computer sessions, and fun time, all designed to engage and enrich the young minds in the community. The center also offers health and nutrition education, teaching essential skills for maintaining good physical well-being. Moreover, Malone Community Center emphasizes cultural awareness, exposing its members to diverse traditions and heritage, promoting understanding and respect among different cultures.
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Impact
July, 2024
Malone Community Center's impact is significant in Lincoln, NE, as it works towards eliminating multigenerational poverty by promoting unity and prosperity while honoring the African-American heritage. Through providing academic support, structured recreation, arts and crafts, computer activities, health and nutrition education, and cultural awareness programs, the center directly contributes to the well-being and development of the community. The center's focus on human services underscores its commitment to uplifting individuals, families, and the community as a whole.
This information is meant to be a general summary of Malone Community Center. 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: $909
- Program Service Revenue: $65,584
- Gross Receipts: $3,469,653
Assets and Liabilities:
- Total Assets: $2,619,100
- Total Liabilities: $88,989
- Net Assets: $2,530,111
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FOOTBALL LEAGUE - PANT
Revenue
$65,584
Organization Details
Founding Year
1955
Phone
(402) 474-1110Principal Officer
John Goodwin
Main Address
2032 U STREET, LINCOLN, NE, 685032992
Website
www.malonecenter.orgNTEE Category
Code: P20 - Human services
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