Overview
What is Friends Of Brooklyn Queens Connector Inc?
Friends of Brooklyn Queens Connector Inc is a nonprofit organization situated in Brooklyn, New York, specifically at 55 Washington Street 732. Their primary objective is to support an initiative to construct a streetcar, connecting Red Hook to Astoria, which aims to enhance and complement the existing transportation infrastructure in the city. This initiative is expected to foster new employment opportunities and stimulate economic diversity along the East River Waterfront Corridor in New York City. The nonprofit, with a team of five employees, is committed to promoting additional viable transit options in the area.
Official website here: www.bqx.nyc
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star Rating.
Friends Of Brooklyn Queens Connector Inc has received a commendable rating of 88%, indicating a solid level of accountability and financial health. This score is derived entirely from their strong performance in the Accountability & Finance category. The organization has demonstrated excellence in several areas, such as maintaining a fully independent board and ensuring that there are no material diversions of assets, reflecting a commitment to sound governance.
While the organization has several strengths, including a high program expense ratio of 82.27%, which suggests effective use of funds, there are some areas for improvement. Notably, the charity lacks a whistleblower policy and a document retention and destruction policy, which are important for enhancing transparency and accountability. Additionally, the absence of their tax form on their website may limit access to important financial information for stakeholders.
Overall, Friends Of Brooklyn Queens Connector Inc displays a strong commitment to accountability, but addressing the noted policy gaps could further enhance their operational transparency. The organization appears to be effectively managing its resources, aiming to fulfill its mission while ensuring a significant portion of its funds directly supports its programs.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Brooklyn Queens Connector Inc legitimate?
Friends Of Brooklyn Queens Connector Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Brooklyn Queens Connector 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: $125,326
Professional Fundraising Fees: $0
Other Salaries and Wages: $188,803
For more financial information, click here
Official website here: www.bqx.nyc
What is the mission statement of Friends Of Brooklyn Queens Connector Inc?
Friends of Brooklyn Queens Connector Inc's mission is centered around fostering new employment opportunities and promoting economic diversity along the East River Waterfront Corridor in New York City. They achieve this by supporting efforts for additional viable transit options. One of their key initiatives involves advocating for the construction of a streetcar, linking Red Hook to Astoria, which aims to complement and enhance the existing transportation infrastructure. This initiative is expected to contribute positively to the local economy and create new employment opportunities.
Official website here: www.bqx.nyc
Who is the CEO of Friends Of Brooklyn Queens Connector Inc?
Christopher Torres is the Chairperson of Friends Of Brooklyn Queens Connector Inc.
Official website here: www.bqx.nyc
What is the revenue of Friends Of Brooklyn Queens Connector Inc?
Friends Of Brooklyn Queens Connector Inc's revenue in 2021 was $529,003.
Official website here: www.bqx.nyc
Who are the executives of Friends Of Brooklyn Queens Connector Inc and what are their salaries?
The average compensation at Friends Of Brooklyn Queens Connector Inc during 2021 was $62,826. There are 5 employees and 45 volunteers at Friends Of Brooklyn Queens Connector Inc.
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- Compensation: $125,326
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- Other: $11,033
Official website here: www.bqx.nyc
Where can I find the form 990 for Friends Of Brooklyn Queens Connector Inc?
Friends Of Brooklyn Queens Connector Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.bqx.nyc
Learn more at the official website: www.bqx.nyc
Mission Statement of Friends Of Brooklyn Queens Connector Inc
Friends of Brooklyn Queens Connector Inc is an organization with a mission to stimulate new employment opportunities and foster economic diversity along the East River Waterfront Corridor in New York City. They achieve this by advocating and supporting efforts for the development of additional viable transit options. Particularly, they are backing an initiative to construct a streetcar, connecting Red Hook to Astoria. This transit system aims to complement and enhance the existing transportation infrastructure in the area, potentially contributing to a more connected and economically vibrant community.
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Impact
July, 2024
Friends Of Brooklyn Queens Connector Inc's impact is focused on generating new employment opportunities and economic diversity along the East River waterfront corridor in New York City. By fostering and supporting efforts for additional viable transit options, specifically through the initiative to construct a streetcar linking Red Hook to Astoria, this organization aims to complement and enhance existing transportation infrastructure. Their mission is to contribute to the improvement of the community by creating new economic prospects and enhancing the overall transit options available in the area.
This information is meant to be a general summary of Friends Of Brooklyn Queens Connector 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 2021.
- Gross Receipts: $529,003
Assets and Liabilities:
- Total Assets: $59,958
- Total Liabilities: $14,469
- Net Assets: $45,489
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Organization Details
Founding Year
2015
Phone
(347) 875-0332Principal Officer
Christopher Torres
Main Address
55 WASHINGTON STREET 732, BROOKLYN, NY, 11201
Website
www.bqx.nycNTEE Category
Code: S30 - Community improvement
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