Overview
What is Center For Transforming Communities?
The Center for Transforming Communities is a nonprofit organization situated in Memphis, Tennessee. With a team of 27 dedicated individuals, their mission revolves around fostering community transformation through congregations. They encourage churches to re-engage with their communities, collaborating in a unified approach. This empowers these religious institutions to expand their role as community anchors, thereby serving their neighborhoods more affordably. To achieve this, the Center provides affordable office and meeting spaces to congregations, non-profits, and support groups, thereby establishing their presence in low-income urban areas. This shared space program enables these organizations to serve their local community more effectively.
Official website here: www.ctcmidsouth.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 83%, Three-Star out of Four Star rating.
The Center For Transforming Communities has received a solid Three-Star rating from Charity Navigator, reflecting a commendable level of accountability and financial health. Key strengths include a fully independent board and effective financial oversight, which have contributed to a low liabilities to assets ratio. This indicates a stable financial position, with a fundraising efficiency ratio that suggests effective fundraising practices.
However, there are some notable limitations in the organization's governance practices. The absence of key policies such as a conflict of interest policy, whistleblower policy, and document retention policy raises concerns about transparency and risk management. Additionally, the program expense ratio indicates that only a portion of expenditures is directed towards programs, which could be improved to enhance overall impact.
Overall, while the Center For Transforming Communities demonstrates financial reliability and governance in certain areas, addressing the identified weaknesses in policy and program funding could further strengthen its standing and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Center For Transforming Communities legitimate?
Center For Transforming Communities is a legitimate nonprofit organization registered as a 501(c)(3) entity. Center For Transforming Communities 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: $95,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,028,391
For more financial information, click here
Official website here: www.ctcmidsouth.org
What is the mission statement of Center For Transforming Communities?
The Center for Transforming Communities encourages community change by empowering congregations to engage their communities collaboratively. These congregations are equipped and motivated to extend their reach beyond their churches, reclaiming their role as anchors in their neighborhoods. The organization provides an affordable shared space program, enabling congregations, non-profits, and support groups to maintain a presence in low-income urban areas and serve their local community more affordably.
Official website here: www.ctcmidsouth.org
Who is the CEO of Center For Transforming Communities?
Justin Merrick is the Executive Di of Center For Transforming Communities.
Official website here: www.ctcmidsouth.org
What is the revenue of Center For Transforming Communities?
Center For Transforming Communities's revenue in 2022 was $2,701,550.
Official website here: www.ctcmidsouth.org
Who are the executives of Center For Transforming Communities and what are their salaries?
The average compensation at Center For Transforming Communities during 2022 was $41,607. There are 27 employees and 200 volunteers at Center For Transforming Communities.
Here are 10 key members and their salaries:
- Compensation: $95,000
- 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
- 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.ctcmidsouth.org
Where can I find the form 990 for Center For Transforming Communities?
Center For Transforming Communities's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ctcmidsouth.org
Learn more at the official website: www.ctcmidsouth.org
Mission Statement of Center For Transforming Communities
The Center for Transforming Communities, as a nonprofit organization, fosters community change by empowering congregations to re-engage with their communities, promoting collaborative approaches. By equipping and energizing these churches, they are encouraged to extend their reach beyond their confines and reclaim their role as anchors in their neighborhoods. This mission is accomplished by providing affordable office and meeting space to congregations, non-profits, and support groups through the Shared Space Program. This initiative encourages these entities to establish a stronger presence in low-income urban areas, enabling them to serve their local communities more affordably.
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
July, 2024
Center For Transforming Communities fosters community change through congregations that re-engage their communities in collaborative approaches. By equipping and energizing churches to move outward and reclaim their role as anchors in their neighborhoods, they have a significant impact on driving positive social change. Additionally, their Shared Space Program provides congregations, non-profits, and support groups with affordable office and meeting space in low-income urban areas, enabling them to serve their local neighbors more effectively. Through these initiatives, Center For Transforming Communities positively impacts the community of Memphis, TN, and beyond, emphasizing human services and community development.
This information is meant to be a general summary of Center For Transforming Communities. 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.
- Gross Receipts: $2,701,550
Assets and Liabilities:
- Total Assets: $1,744,740
- Total Liabilities: $34,547
- Net Assets: $1,710,193
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1996
Phone
(901) 324-3005Principal Officer
Justin Merrick
Main Address
258 N MERTON ST, MEMPHIS, TN, 38112
Website
www.ctcmidsouth.orgNTEE Category
Code: P20 - Human services
If you are a representative of Center For Transforming Communities 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.