Overview
What is Copley Community Improvement Corp?
Copley Community Improvement Corp is a nonprofit organization established in 2018, located in Copley, Ohio. Its primary mission is to foster industrial, economic, commercial, and civic development within the township. Operating independently from the local government, the corporation has been actively contributing to the area's growth. Since its inception, it has acquired four properties, including the first one in 2018, and expanded its holdings through donations from the township in 2022. Additionally, the organization has shown its commitment to the community by providing grants to various township organizations to help them launch or expand their businesses. In 2021, a building on one of its properties was demolished to return the site to its natural state, demonstrating an approach that prioritizes environmental considerations as well.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%, Zero-Star out of Four Star rating.
Copley Community Improvement Corp has received a low rating of 33% from Charity Navigator, which indicates significant concerns regarding its accountability and financial practices. While the organization has strengths such as an independent board with full membership and no material diversion of assets, it struggles in key accountability areas that have led to its overall poor score.
Critical limitations include the absence of essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. Additionally, the charity does not have its website listed on its tax form or its tax form posted on its website, which further diminishes transparency. The program expense ratio is also notably low at 36.22%, suggesting that only a small portion of its expenses are directed towards its core programs.
Overall, while Copley Community Improvement Corp has established some strong governance attributes, the lack of transparency and accountability measures significantly undermines its effectiveness and trustworthiness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Copley Community Improvement Corp legitimate?
Copley Community Improvement Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Copley Community Improvement Corp 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.
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What is the mission statement of Copley Community Improvement Corp?
The Copley Community Improvement Corp, established as a quasi-governmental entity, aims to foster and encourage industrial, economic, commercial, and civic development within its community. Operating independently from the local government, its mission is to advance the township's growth and prosperity. The corporation has been actively involved in property acquisitions, purchasing three properties between 2018 and 2020 and a fourth in 2021. In 2021, a building on one of the properties was demolished to restore the site to its natural state. Additionally, in 2022, the corporation acquired more properties through donations from the township and provided grants to various local organizations to aid in the commencement or expansion of their businesses.
Who is the CEO of Copley Community Improvement Corp?
Jessica Vargo is the President of Copley Community Improvement Corp.
What is the revenue of Copley Community Improvement Corp?
Copley Community Improvement Corp's revenue in 2022 was $599,372.
Who are the executives of Copley Community Improvement Corp and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Copley Community Improvement Corp?
Copley Community Improvement Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Copley Community Improvement Corp
Copley Community Improvement Corp, established as a quasi-governmental entity, is dedicated to fostering industrial, economic, commercial, and civic growth within Copley Township, Ohio. Operating independently from the local government, this organization's mission is to encourage and promote development in various sectors, aiming to enhance the overall well-being of the community. Throughout its existence, Copley Community Improvement Corp has demonstrated its commitment by acquiring and developing several properties, including purchasing its first property in 2018 and continuing this trend in subsequent years. In 2021, the corporation even took the initiative to demolish a building on one of its properties to revert the site to its natural state. Moreover, Copley Community Improvement Corp has expanded its reach by acquiring additional land and properties, with some donated by the township itself in 2022. Beyond property acquisition, the organization also extends financial support to various township organizations, assisting them in initiating or growing their businesses, further contributing to the community's growth and prosperity.
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Impact
July, 2024
The Copley Community Improvement Corp (CCIC) has made a significant impact by actively advancing, encouraging, and promoting industrial, economic, commercial, and civic development for Copley Township, Ohio. Since its establishment in 2018, CCIC has acquired multiple properties in the township, including purchasing a building in 2018, a second property in 2019, a third property in 2020, and a fourth property in 2021. Additionally, CCIC has played a key role in the demolition of a building on one of the properties in 2021 to return the site to its natural state.
In 2022, CCIC further expanded its impact by acquiring additional properties donated by the township and providing grants to several township organizations to support the initiation and growth of their businesses. Through its efforts, CCIC has been instrumental in fostering local economic growth, enhancing community infrastructure, and facilitating the development of businesses within Copley Township.
This information is meant to be a general summary of Copley Community Improvement Corp. 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: $79
- Gross Receipts: $630,274
Assets and Liabilities:
- Total Assets: $1,221,096
- Total Liabilities: $24,700
- Net Assets: $1,196,396
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Organization Details
Founding Year
2017
Principal Officer
Jessica Vargo
Main Address
1540 S CLEVELAND MASSILLON RD, COPLEY, OH, 44321
NTEE Category
Code: S11 - Community improvement
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