Overview
What is Necp Abc?
Necp Abc is a nonprofit organization based in Minneapolis, Minnesota, with an address at 300 Industrial Blvd NE, 55413. The primary objective of Necp Abc is to acquire and manage a facility for Northeast College Prep Charter School, its affiliate. During the 2021-2022 academic year, they successfully purchased a building to serve this purpose. The plan involves transitioning the current tenant from the lower level to accommodate various non-profit organizations. Necp Abc's mission is to provide a suitable space for NECP to carry out its vision and mission, while simultaneously managing the facility's finances responsibly. This includes meeting the monthly and annual debt obligations incurred to purchase the facility.
Official website here: www.northeastcollegeprep.org/
Is Necp Abc legitimate?
Necp Abc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Necp Abc 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
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Official website here: www.northeastcollegeprep.org/
What is the mission statement of Necp Abc?
Necp ABC's mission is centered around owning a suitable facility for Northeast College Prep Charter School, its affiliate. The organization's primary goal is to manage this facility and lease it back to the school at terms that meet the monthly and annual debt obligations incurred during the purchase. During the 2021-2022 school year, Necp ABC successfully acquired a building, located at an unspecified location, and began planning to transition the current tenant from the lower level, making room for non-profit organizations.
Official website here: www.northeastcollegeprep.org/
Who is the CEO of Necp Abc?
Kumi Smith is the President of Necp Abc.
Official website here: www.northeastcollegeprep.org/
What is the revenue of Necp Abc?
Necp Abc's revenue in 2022 was $757,841.
Official website here: www.northeastcollegeprep.org/
Who are the executives of Necp Abc and what are their salaries?
There 3 volunteers at Necp Abc.
Here are 3 key members and their salaries:
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.northeastcollegeprep.org/
Where can I find the form 990 for Necp Abc?
Necp Abc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.northeastcollegeprep.org/
Learn more at the official website: www.northeastcollegeprep.org/
Mission Statement of Necp Abc
Necp ABC, a nonprofit organization, is committed to achieving a mission that involves owning a facility suitable for Northeast College Prep Charter School, its affiliate. The primary objective of Necp ABC is to manage this facility effectively, ensuring it serves the needs of the charter school while meeting the monthly and annual debt obligations incurred during its purchase. As part of its mission, Necp ABC aims to lease the facility to Northeast College Prep Charter School on terms that satisfy these financial obligations. In the recent past, Necp ABC successfully purchased a building, located at 300 Industrial Blvd. NE in Minneapolis. Post-acquisition, Necp ABC began planning the transition of the current tenant leasing the lower level, with the goal of welcoming non-profit organizations into the space.
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Impact
October, 2024
NECP ABC has made a significant impact on the educational landscape in Minneapolis by securing a dedicated facility for the Northeast College Prep Charter School. By purchasing the building at 300 Industrial Blvd. NE during the 2021-2022 school year, NECP ABC has ensured that NECP has a stable, suitable environment to fulfill its educational vision and mission. This facility not only fosters a conducive learning atmosphere for students but also allows for potential collaboration with nonprofit organizations, enhancing community involvement and resources available to the school.
The strategic planning to transition the existing tenant provides an opportunity for NECP ABC to maximize the use of the space while meeting financial obligations tied to the property. By leasing the facility to NECP on favorable terms, they create a sustainable model that supports the school's operational needs and promotes educational excellence. Overall, NECP ABC's efforts contribute to a stronger foundation for educational opportunities in the community, ultimately benefiting students and families in the region.
This information is meant to be a general summary of Necp Abc. 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: $190
- Program Service Revenue: $690,279
- Gross Receipts: $757,841
Assets and Liabilities:
- Total Assets: $8,460,082
- Total Liabilities: $9,246,878
- Net Assets: -$786,796
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent Revenue
Revenue
$690,279
Organization Details
Founding Year
2020
Phone
(612) 248-8240Principal Officer
Kumi Smith
Main Address
300 Industrial Blvd NE, Minneapolis, MN, 55413
NTEE Category
Code: B12 - Education
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