Overview
What is Civic Nyc Fund Inc?
Civic Nyc Fund Inc, a 501(c)(3) organization based in New York City, was established with the charitable mission of supporting the real estate needs of charter schools in New York. Specifically, it was formed to borrow funds and make loans and investments into charter school development projects in the city. One such investment was made into a project located at 2390 Pitkin Avenue, Brooklyn, with construction scheduled to be completed in 2023. This organization operates under Civic Builders, Inc., a fellow 501(c)(3) organization that provides turn-key solutions for charter school real estate needs.
Official website here: www.civicbuilders.org
Is Civic Nyc Fund Inc legitimate?
Civic Nyc Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Civic Nyc Fund 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
Official website here: www.civicbuilders.org
What is the mission statement of Civic Nyc Fund Inc?
Civic NYC Fund Inc. was established as a 501(c)(3) organization with the primary goal of advancing the charitable objectives of its parent organization, Civic Builders Inc. This parent organization is also a 500(c)(3) entity that offers turn-key solutions for real estate needs in charter schools. Specifically, Civic NYC Fund Inc. was established to procure funds and make loans and investments into charter school development projects in New York. Its purpose is to support the growth and development of charter schools by providing financial assistance for their real estate needs.
Official website here: www.civicbuilders.org
Who is the CEO of Civic Nyc Fund Inc?
David Umansky is the President of Civic Nyc Fund Inc.
Official website here: www.civicbuilders.org
What is the revenue of Civic Nyc Fund Inc?
Civic Nyc Fund Inc's revenue in 2022 was $257,310.
Official website here: www.civicbuilders.org
Who are the executives of Civic Nyc Fund Inc and what are their salaries?
There 11 volunteers at Civic Nyc Fund Inc.
Here are 12 key members and their salaries:
- Compensation: $543,355
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- Other: $37,253
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Official website here: www.civicbuilders.org
Where can I find the form 990 for Civic Nyc Fund Inc?
Civic Nyc Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.civicbuilders.org
Learn more at the official website: www.civicbuilders.org
Mission Statement of Civic Nyc Fund Inc
Civic NYC Fund Inc was established as a 501(c)(3) organization, with a mission to advance the charitable purposes of its parent organization, Civic Builders Inc. This parent organization is also a 501(c)(3) entity that specializes in providing turn-key solutions for charter schools' real estate needs. Specifically, Civic NYC Fund Inc was formed to borrow funds and make loans and investments into charter school development projects in New York. In essence, its mission is to support the growth and expansion of charter schools in New York by providing them with the necessary financial resources for their real estate needs.
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Impact
October, 2024
Civic Nyc Fund Inc significantly impacts the education landscape in New York by facilitating the development of charter schools through targeted financial support. By providing loans and investments, the organization addresses critical real estate needs in the charter school sector, effectively enabling the construction and growth of educational facilities where they are most needed.
One notable project financed by Civic Nyc Fund Inc is located at 2390 Pitkin Avenue in Brooklyn, NY, which is set to be completed in 2023. This investment exemplifies the Fund's commitment to expanding accessible quality education options and ensuring that charter schools can operate in well-equipped environments.
Through its financial contributions, Civic Nyc Fund Inc plays a crucial role in supporting educational innovation and accessibility, ultimately enhancing the opportunities available to students and communities across New York.
This information is meant to be a general summary of Civic Nyc Fund 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.
- Investment Income: $257,310
- Gross Receipts: $257,310
Assets and Liabilities:
- Total Assets: $44,353,143
- Total Liabilities: $35,799,449
- Net Assets: $8,553,694
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Organization Details
Founding Year
2016
Phone
(212) 571-7260Principal Officer
David Umansky
Main Address
180 VARICK STREET - SUITE 1414, NEW YORK, NY, 10014
Website
www.civicbuilders.orgNTEE Category
Code: T50 - Philanthropy
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