Overview
What is Montclair Center Corporation?
Montclair Center Corporation, situated in Montclair, New Jersey, is a nonprofit organization with a mission to revitalize the Montclair Center area. Throughout the year, they actively work towards achieving this goal by organizing various events, such as fine arts performances, street fairs, and community gatherings. The organization offers technical assistance and support to local businesses and entrepreneurs, fostering a thriving commercial environment. They collaborate with local authorities, residents, and visitors to enhance the overall quality of life in the district. Additionally, Montclair Center Corporation contributes to the area's aesthetics by providing supplemental services that help maintain a vibrant and appealing atmosphere. With a team of nine dedicated individuals, this nonprofit is committed to making Montclair Center a lively destination for shopping, working, dining, living, and leisure activities.
Official website here: www.montclaircenter.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Montclair Center Corporation has achieved a Four-Star rating from Charity Navigator, reflecting strong performance primarily in Accountability and Finance. This rating underscores the organization’s commitment to transparency and responsible financial management, which is crucial for building donor trust and ensuring effective use of donations.
One of the organization's notable strengths is its fully independent board, which has 22 members, all of whom contribute to solid governance practices. The absence of any material diversion of assets highlights its financial integrity. Additionally, high scores in program expense ratios suggest that a significant majority of funds are directed toward its programs rather than administrative costs.
However, the organization does have some limitations, particularly regarding its policies. While its conflict of interest policy is in place, it lacks a whistleblower and document retention policy, which are essential for ensuring accountability and ethical conduct. Addressing these gaps could further enhance its governance framework and overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Montclair Center Corporation legitimate?
Montclair Center Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montclair Center 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: $98,462
Professional Fundraising Fees: $0
Other Salaries and Wages: $351,273
For more financial information, click here
Official website here: www.montclaircenter.com
What is the mission statement of Montclair Center Corporation?
The Montclair Center Corporation's mission is focused on transforming a particular area into a lively and engaging space for various activities. By leveraging their efforts, the objective is to create an attractive destination for shopping, work, dining, living, and recreation. Throughout the year, they execute various initiatives, such as sponsoring cultural events, offering technical support to businesses, and collaborating with local authorities and residents to improve the overall quality of life and business environment. Additionally, the corporation provides additional services to enhance the district's appearance and aesthetic appeal.
Official website here: www.montclaircenter.com
Who is the CEO of Montclair Center Corporation?
Jarmila T Packard is the Director of Montclair Center Corporation.
Official website here: www.montclaircenter.com
What is the revenue of Montclair Center Corporation?
Montclair Center Corporation's revenue in 2022 was $1,130,169.
Official website here: www.montclaircenter.com
Who are the executives of Montclair Center Corporation and what are their salaries?
The average compensation at Montclair Center Corporation during 2022 was $49,971. There are 9 employees and 30 volunteers at Montclair Center Corporation.
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Official website here: www.montclaircenter.com
Where can I find the form 990 for Montclair Center Corporation?
Montclair Center Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.montclaircenter.com
Learn more at the official website: www.montclaircenter.com
Mission Statement of Montclair Center Corporation
Montclair Center Corporation, a notable organization, is committed to transforming Montclair Center into a lively and engaging hub for various activities. Its primary mission is to foster an environment that encourages shopping, working, dining, living, and playing. The corporation strives to enhance the overall vibrancy of Montclair Center by sponsoring a variety of events, such as fine arts and performing arts shows, as well as street fairs. Furthermore, Montclair Center Corporation provides valuable technical assistance and support to local businesses and prospective entrepreneurs, aiming to enhance their operations and contribute to the district's growth.
In addition, the organization plays a pivotal role in engaging with local authorities, residents, businesses, and visitors to improve the quality of life in the district. Montclair Center Corporation also offers supplemental services to enhance the aesthetic appeal of the area, ensuring that Montclair Center remains a captivating and inviting destination for all. By actively promoting and supporting these initiatives, Montclair Center Corporation is dedicated to making Montclair Center a thriving and dynamic place where individuals can engage in various activities and enjoy a high-quality living experience.
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Impact
July, 2024
Montclair Center Corporation has a significant impact on the vibrancy and liveliness of Montclair Center. Through their diverse activities and initiatives, they contribute to creating an engaging environment for shopping, working, eating, living, and playing in the community. Their efforts in promoting and improving Montclair Center include sponsoring special events like arts events and street fairs, providing support to businesses, collaborating with officials, residents, and visitors to enhance the local quality of life, and offering services to beautify the district. Overall, Montclair Center Corporation plays a vital role in improving the community and making Montclair Center a thriving hub for all.
This information is meant to be a general summary of Montclair Center 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 2022.
- Investment Income: $136
- Program Service Revenue: $953,583
- Gross Receipts: $1,130,169
Assets and Liabilities:
- Total Assets: $991,158
- Total Liabilities: $205,887
- Net Assets: $785,271
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BID Assessments
Revenue
$953,583
Organization Details
Founding Year
2002
Phone
(973) 509-3820Principal Officer
Jarmila T Packard
Main Address
26 LACKAWANNA PLAZA, MONTCLAIR, NJ, 07042
Website
www.montclaircenter.comNTEE Category
Code: S30 - Community improvement
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