Overview
What is Nickel City Foundation Inc?
Nickel City Foundation Inc is a charitable organization based in Buffalo, New York, specifically located at 217 E Delavan Ave. The primary mission of this foundation is to provide support to Community Connections of NY, Inc., a not-for-profit corporation operating for charitable purposes within New York. Through its backing, the foundation contributes to Community Connections' initiatives and objectives, contributing positively to the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Stars)
The Nickel City Foundation Inc has received a low rating of 54%, resulting in a One-Star designation. This score primarily reflects concerns about their financial accountability, particularly highlighted by a Program Expense Ratio of 0.00%, indicating that none of their funds have been allocated to programs. However, the organization excels in governance, with 100% of board members being independent and various policies in place, such as conflict of interest and whistleblower protections.
While the organization demonstrates strong governance practices with independent board members and appropriate policies for transparency, the lack of program funding raises significant concerns about its effectiveness in fulfilling its mission. The overall financial health is indicated by a liabilities to assets ratio of 0.54%, suggesting a potential risk related to their financial sustainability.
In summary, while Nickel City Foundation Inc showcases solid governance, the absence of program expenses and the low overall rating signal critical areas for improvement. Interested donors and stakeholders may want to consider these factors when assessing the charity's impact and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Nickel City Foundation Inc legitimate?
Nickel City Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nickel City Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Nickel City Foundation Inc?
The Nickel City Foundation Inc's mission is centered around offering support to Community Connections of NY, a New York-based charitable organization. Their objective is to contribute to the noble cause of Community Connections of NY, which is a not-for-profit corporation established for charitable purposes. In essence, the Nickel City Foundation Inc serves to bolster the efforts of this organization, thereby contributing to the broader charitable sector. The specific activities or initiatives undertaken by the Foundation in support of Community Connections of NY are not provided in the information.
What is the revenue of Nickel City Foundation Inc?
Nickel City Foundation Inc's revenue in 2023 was $401.
Who are the executives of Nickel City Foundation Inc and what are their salaries?
There 4 volunteers at Nickel City Foundation Inc.
Here are 5 key members and their salaries:
- 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: $120,732
- Other: $10,011
Where can I find the form 990 for Nickel City Foundation Inc?
Nickel City Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Nickel City Foundation Inc
Nickel City Foundation Inc is dedicated to supporting Community Connections of NY, a New York-based non-profit organization that operates with charitable purposes. The mission of Nickel City Foundation Inc, therefore, revolves around aiding and empowering Community Connections of NY in its charitable endeavors. This support can encompass various aspects, including providing resources, funding, or any other form of assistance necessary to further Community Connections of NY's charitable objectives. By doing so, Nickel City Foundation Inc contributes to the broader social good, supporting the work of a not-for-profit organization that seeks to make a positive impact in the New York community.
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Impact
October, 2024
Nickel City Foundation Inc significantly impacts the community by supporting Community Connections of NY, Inc. This collaboration enhances charitable initiatives focused on improving the quality of life for residents in Buffalo, NY. By fostering community connections, the foundation plays a crucial role in addressing local challenges, promoting social cohesion, and driving forward community improvement projects. Their efforts help to create a more vibrant and interconnected society, ultimately benefiting various demographics within the region.
This information is meant to be a general summary of Nickel City Foundation 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 2023.
- Investment Income: $25,867
- Gross Receipts: $766,569
Assets and Liabilities:
- Total Assets: $1,292,178
- Total Liabilities: $7,029
- Net Assets: $1,285,149
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Organization Details
Founding Year
2015
Principal Officer
Edward L Arcara
NTEE Category
Code: S11 - Community improvement
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