Overview
What is Town Square Inc?
Town Square Inc is a small-scale nonprofit organization situated in Brooklyn, New York, with a single employee. Their primary focus is to foster a vibrant community and enhance the quality of life through engaging activities. These activities are designed to stimulate creativity, instill respect and cooperation, and celebrate joy. Town Square Inc offers a variety of services and programs, including community chess events, parent expos, school fairs, and workshops, family music and movie nights, environmental festivals, recycling initiatives, and civic events like the spring egg hunt, pumpkin day, children's Halloween parade, and Santa brunch, among others.
Official website here: www.townsquarebk.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star Rating
Town Square Inc has achieved a score of 83%, reflecting a strong commitment to accountability and finance, which is the sole factor in its rating. This demonstrates that the organization effectively manages its resources and adheres to good governance practices. The charity's fiscal performance for the most recent year (FY2022) showcases a very high program expense ratio of 99.39%, indicating that nearly all of its expenditures are directed towards its programs.
The organization boasts a fully independent board, scoring 10 out of 10 for both the majority independent board members and the independent board size, which reflects a robust structure that can help avoid conflicts of interest. Moreover, the absence of material diversion of assets further highlights the integrity of the organization's financial practices.
However, there are some areas of improvement noted, particularly the absence of a whistleblower policy and a document retention and destruction policy, which scored zero points. Addressing these gaps could enhance the organization's transparency and governance framework. Overall, Town Square Inc demonstrates strong financial health and governance but should consider strengthening its policies to further boost its accountability profile.
This AI summary has been generated from information found on Charity Navigator.
Is Town Square Inc legitimate?
Town Square Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Town Square 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: $60,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.townsquarebk.org
What is the mission statement of Town Square Inc?
Town Square Inc's mission is centered around building a vibrant community and enhancing the quality of life for its members. They achieve this by organizing activities that stimulate creativity and imagination, foster respect and cooperation, and celebrate the joy around us. This is done through a variety of services and programs, including community chess events, expos for parents, school fairs, and workshops, family music and movie programs, environmental festivals and recycling initiatives, and civic events such as the spring egg hunt, pumpkin day, children's Halloween parade, and Santa brunch, among others.
Official website here: www.townsquarebk.org
Who is the CEO of Town Square Inc?
Susan Anderson is the Executive Director of Town Square Inc.
Official website here: www.townsquarebk.org
What is the revenue of Town Square Inc?
Town Square Inc's revenue in 2022 was $152,773.
Official website here: www.townsquarebk.org
Who are the executives of Town Square Inc and what are their salaries?
The average compensation at Town Square Inc during 2022 was $60,000. There is 1 employee at Town Square Inc.
Here are 6 key members and their salaries:
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.townsquarebk.org
Where can I find the form 990 for Town Square Inc?
Town Square Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.townsquarebk.org
Learn more at the official website: www.townsquarebk.org
Mission Statement of Town Square Inc
Town Square Inc, a nonprofit organization, is committed to building a vibrant community and enhancing the quality of life for its members. This is achieved through a variety of activities that stimulate creativity, foster imagination, promote respect and cooperation, and celebrate the joy that surrounds us. By offering youth, family, and community building services and programs, Town Square Inc encourages individuals to participate in events such as community chess, expos for parents, school fairs, and workshops. These initiatives aim to teach valuable life skills and foster a sense of unity within the community.
In addition to these activities, Town Square Inc also organizes family-oriented events such as music and movie programs, environmental festivals, and recycling initiatives. These events not only provide entertainment and education but also encourage community involvement and environmental awareness. The organization also hosts civic events such as the spring egg hunt, pumpkin day, children's Halloween parade, and Santa brunch, among others. These events bring the community together, creating memories and strengthening the bonds within it. By offering such a diverse range of activities, Town Square Inc effectively enriches the lives of its members and contributes to the overall vibrancy of the community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Town Square Inc significantly enhances the quality of life in Brooklyn, NY, by fostering a vibrant community through a diverse range of engaging activities and programs. By offering community chess, workshops, and family-oriented events such as music and movie programs, they inspire creativity and imagination among participants of all ages. Their initiatives also promote respect and cooperation, creating a sense of belonging and unity among residents.
The organization’s events, including environmental festivals and seasonal celebrations like the Spring Egg Hunt and Santa Brunch, not only entertain but also educate the community on critical issues such as sustainability and civic engagement. These programs encourage participation, cultivate local talent, and strengthen family bonds while celebrating the joy of togetherness.
Overall, Town Square Inc plays a crucial role in nurturing a cohesive and enriched community by providing opportunities for connection, learning, and leisure, thereby enhancing the communal fabric of Brooklyn.
This information is meant to be a general summary of Town Square 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 2022.
- Program Service Revenue: $78,780
- Gross Receipts: $152,773
Assets and Liabilities:
- Total Assets: $244,336
- Total Liabilities: $5,928
- Net Assets: $238,408
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSION BOX OFFICE
Revenue
$57,851
VENDING VENDOR TABLES
Revenue
$11,289
TUITION AND DUES
Revenue
$9,330
OTHER
Revenue
$310
Organization Details
Founding Year
2004
Phone
(718) 609-1090Principal Officer
Susan Anderson
Main Address
102 OAK STREET, BROOKLYN, NY, 11222
Website
www.townsquarebk.orgNTEE Category
Code: S20 - Community improvement
If you are a representative of Town Square Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.