Overview
What is Civic New Markets Support Corporation Iii?
Civic New Markets Support Corporation III is a 501(c)(3) nonprofit organization, headquartered in New York City, specifically at 180 Varick Street, 14th Floor. Its primary mission is to lend funds and contribute to the financing structure of a charter school development project located in Brooklyn, New York. The corporation's purpose aligns with the betterment of educational facilities, providing financial support for the construction and development of charter schools in the designated area.
Official website here: www.civicbuilders.org
Is Civic New Markets Support Corporation Iii legitimate?
Civic New Markets Support Corporation Iii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Civic New Markets Support Corporation Iii 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.civicbuilders.org
What is the mission statement of Civic New Markets Support Corporation Iii?
Civic New Markets Support Corporation III was established as a 501(c)(3) organization with the primary objective of borrowing funds and providing a loan to support a financing structure for a charter school development project. Its mission is to contribute financially to the development of a charter school, specifically in New York. The corporation's role is to facilitate the financing of this educational project by making a loan into a financing structure. This initiative aims to contribute to the development of a charter school, thereby expanding educational opportunities in the community.
Official website here: www.civicbuilders.org
What is the revenue of Civic New Markets Support Corporation Iii?
Civic New Markets Support Corporation Iii's revenue in 2023 was $1,054,266.
Official website here: www.civicbuilders.org
Who are the executives of Civic New Markets Support Corporation Iii and what are their salaries?
There 2 volunteers at Civic New Markets Support Corporation Iii.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $510,684
- Other: $44,658
- Compensation: $0
- Related: $0
- Other: $0
- 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 Iii?
Civic New Markets Support Corporation Iii's most recent form 990 was submitted in 2023 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 Iii
Civic New Markets Support Corporation III was established as a 501(c)(3) organization with a distinct mission. Its primary purpose was to borrow funds and utilize them in creating a financing structure for a charter school development project situated in Brooklyn, New York. This mission involved making a loan into a financing structure, specifically for the development of a charter school project in the bustling city of Brooklyn. The corporation's objective was to contribute financially to the creation of a charter school in New York, aiming to support educational opportunities in the community.
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Impact
October, 2024
Civic New Markets Support Corporation III plays a significant role in advancing educational opportunities through its financial support for charter school development in Brooklyn, New York. By facilitating loans, the organization enables the construction and expansion of educational facilities that can increase access to quality education for local students. This investment not only aids in establishing a physical space for learning but also contributes to community improvement by fostering a supportive environment for families and residents in the area. Ultimately, the corporation's impact is reflected in enhancing educational resources, promoting community growth, and creating a more accessible learning environment for the neighborhood.
This information is meant to be a general summary of Civic New Markets Support Corporation Iii. 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: $639,266
- Gross Receipts: $1,054,266
Assets and Liabilities:
- Total Assets: $21,858,921
- Total Liabilities: $20,659,218
- Net Assets: $1,199,703
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Organization Details
Founding Year
2021
Principal Officer
David Umansky
Website
www.civicbuilders.orgNTEE Category
Code: S11 - Community improvement
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