Overview
What is New Beginning Of Albany Community Development Corporation?
The New Beginning Of Albany Community Development Corporation, situated at 1004 Butternut Ave, Albany, GA 31707, is a nonprofit organization dedicated to empowering individuals, particularly children. Their primary objective is to provide systematically planned experiences that equip individuals with the necessary knowledge and skills to become productive members of society. With a team of 30 dedicated employees, they strive to make a positive impact in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
New Beginning Of Albany Community Development Corporation has received a Three-Star rating from Charity Navigator, reflecting an overall score of 79%. This score is derived entirely from accountability and finance metrics, indicating the organization’s strong adherence to financial management standards. The evaluation highlights that the charity has an independent board comprising 71% members, which contributes positively to its governance structure.
The organization shows commendable practices by having no material diversion of assets and a conflict of interest policy in place. Additionally, it maintains transparency through listed policies such as whistleblower procedures and document retention. The charity’s financial health appears robust, with a liabilities to assets ratio of 9.77%, indicating sound fiscal management.
While the rating is commendable, it is based solely on accountability and finance, which may limit the overall assessment of the organization's impact and effectiveness in its programs. Nonetheless, the high program expense ratio of 100% indicates that all its resources are directly allocated to its charitable activities, suggesting a strong commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is New Beginning Of Albany Community Development Corporation legitimate?
New Beginning Of Albany Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Beginning Of Albany Community Development 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $334,462
For more financial information, click here
What is the mission statement of New Beginning Of Albany Community Development Corporation?
The New Beginning Of Albany Community Development Corporation's mission is centered around providing individuals with systematically planned experiences. These experiences are meticulously designed to equip them with the essential knowledge and skills necessary to become productive members of society. This organization's approach aims to empower individuals, regardless of their background, to reach their full potential. The focus extends to children as well, offering them experiences that foster the development of necessary skills for future productivity.
What is the revenue of New Beginning Of Albany Community Development Corporation?
New Beginning Of Albany Community Development Corporation's revenue in 2024 was $544,802.
Who are the executives of New Beginning Of Albany Community Development Corporation and what are their salaries?
The average compensation at New Beginning Of Albany Community Development Corporation during 2024 was $19,674. There are 17 employees and 15 volunteers at New Beginning Of Albany Community Development Corporation.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for New Beginning Of Albany Community Development Corporation?
New Beginning Of Albany Community Development Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of New Beginning Of Albany Community Development Corporation
New Beginning of Albany Community Development Corporation is dedicated to empowering individuals by providing them with systematically planned experiences. This nonprofit organization aims to equip individuals, including children, with the necessary knowledge and skills required to become productive members of society. They offer experiences that are meticulously planned, designed to foster personal growth and development. By doing so, New Beginning of Albany Community Development Corporation contributes to the community by fostering self-sufficient and productive individuals.
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Impact
July, 2024
New Beginning Of Albany Community Development Corporation is making a positive impact by equipping individuals with the knowledge and skills needed to become productive members of society. Through systematically planned experiences, they are empowering children and individuals in Albany, GA, to reach their full potential. This organization's focus on community improvement is helping to create a brighter future for all those involved.
This information is meant to be a general summary of New Beginning Of Albany Community Development 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 2024.
- Gross Receipts: $544,802
Assets and Liabilities:
- Total Assets: $172,006
- Total Liabilities: $23,888
- Net Assets: $148,118
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Organization Details
Founding Year
2016
Principal Officer
Solomon Loud
NTEE Category
Code: S20 - Community improvement
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