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Civic New Markets Support Corporation Ii

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 830678232 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Civic New Markets Support Corporation Ii?

Civic New Markets Support Corporation II is a 501(c)(3) nonprofit organization, headquartered in New York City, specifically at 180 Varick Street, Suite 1414. Its primary mission is to provide financial support for the development of charter schools in New York, as evidenced by a loan made for such a project in the Bronx. This loan was integrated into a larger financing structure, aiding in the construction of a charter school development project. The corporation's activities are geared towards supporting educational initiatives in the community.


Official website here: www.civicbuilders.org

Is Civic New Markets Support Corporation Ii legitimate?

Civic New Markets Support Corporation Ii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Civic New Markets Support Corporation Ii 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 New Markets Support Corporation Ii?

Civic New Markets Support Corporation II was established as a 501(c)(3) organization with a primary objective of providing financial assistance for a charter school development project. Specifically, the corporation borrowed funds and used them to create a financing structure for this project, which was situated in the Bronx, New York. The corporation's mission can be understood as supporting the development of charter schools by providing them with necessary financial resources. This contributes to the expansion of educational opportunities in the community.


Official website here: www.civicbuilders.org

Who is the CEO of Civic New Markets Support Corporation Ii?

David Umansky is the President of Civic New Markets Support Corporation Ii.


Official website here: www.civicbuilders.org

What is the revenue of Civic New Markets Support Corporation Ii?

Civic New Markets Support Corporation Ii's revenue in 2022 was $958,135.


Official website here: www.civicbuilders.org

Who are the executives of Civic New Markets Support Corporation Ii and what are their salaries?

There 2 volunteers at Civic New Markets Support Corporation Ii.


Here are 3 key members and their salaries:


David Umansky (President)
  • Compensation: $0
  • Related: $543,355
  • Other: $37,053
Faye Premer (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rajeev Bajaj (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.civicbuilders.org

Where can I find the form 990 for Civic New Markets Support Corporation Ii?

Civic New Markets Support Corporation Ii'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 New Markets Support Corporation Ii

Civic New Markets Support Corporation II, established as a 501(c)(3) organization, was formed with a specific mission. This mission involved borrowing funds and utilizing them to create a financing structure for a charter school development project in the Bronx, New York. In simpler terms, the corporation's role was to provide a loan for the development of a charter school in the Bronx, utilizing the borrowed funds to establish a financing structure for this project. This mission reflects Civic New Markets Support Corporation II's commitment to supporting educational initiatives and contributing to the development of charter schools in New York City.

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Impact




October, 2024

Civic New Markets Support Corporation II significantly impacts the Bronx community through its financial support for charter school development. By providing a loan to facilitate a charter school project, it directly contributes to enhancing educational opportunities in the area. This financing structure has the potential to improve access to quality education, promote community growth, and foster long-term improvements in the local environment. Through its efforts, the organization plays a vital role in community improvement, empowering families and students by creating a sustainable educational infrastructure in New York City.




This information is meant to be a general summary of Civic New Markets Support Corporation Ii. 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.

Revenue
$958,135 (2022)
Expenses
$1,046,708 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $949,050
  • Gross Receipts: $958,135

Assets and Liabilities:

  • Total Assets: $17,060,492
  • Total Liabilities: $17,528,555
  • Net Assets: -$468,063

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Organization Details

Founding Year

2018

Principal Officer

David Umansky

Main Address

180 VARICK STREET - SUITE 1414, NEW YORK, NY, 10014

NTEE Category

Code: S40 - Community improvement

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