The 122 Community Center Inc

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

EIN: 133174402 ✦ New york, NY ✦ Designated as a 501(c)(3)

Overview

What is The 122 Community Center Inc?

The 122 Community Center Inc, established in 1977, is a nonprofit organization based in New York City. Its primary mission involves leasing a city-owned building and offering affordable spaces to four arts organizations, an education organization, and ancillary services. Since its inception, the center has successfully secured substantial funding from the City of New York, totaling $36 million, for building upgrades. The first phase of renovations was completed in 2008, followed by a complete gut renovation in 2018. The center houses renowned organizations such as Performance Space New York, Mabou Mines, Movement Research, Painting Space 122, and Alliance for Positive Change. The center also maintains a LEED Gold Certification, committing to reducing energy emissions. During the COVID-19 pandemic, the center temporarily suspended operations but has since reopened and complied with all necessary guidelines. A facade restoration project is under consideration for the building's two street-facing exteriors.


Is The 122 Community Center Inc legitimate?

The 122 Community Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The 122 Community Center 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $78,065

For more financial information, click here


What is the mission statement of The 122 Community Center Inc?
Who is the CEO of The 122 Community Center Inc?
What is the revenue of The 122 Community Center Inc?
Who are the executives of The 122 Community Center Inc and what are their salaries?
Where can I find the form 990 for The 122 Community Center Inc?

Mission Statement of The 122 Community Center Inc

The 122 Community Center Inc, established in 1977, has a primary mission to lease a city-owned building and provide affordable rental spaces to non-profit community cultural and educational organizations. Currently, the center houses four arts organizations and an education organization. Over the years, the center has secured substantial capital project funding from the City of New York, amounting to $36M, which it has utilized to upgrade the building. The first phase of renovations was completed in 2008, and the second phase, a complete gut renovation, was finished in 2018. The center's resident groups, including Performance Space New York, Mabou Mines, Movement Research, Painting Space 122, and Alliance for Positive Change, have all moved back into the renovated building and resumed their programming. The center is also committed to reducing its energy emissions and currently holds a LEED Gold Certification. During the COVID-19 pandemic, The 122 Community Center Inc complied with all necessary guidelines and reopened its doors in accordance with NYC guidelines.

Impact

This information is meant to be a general summary of The 122 Community Center Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

The 122 Community Center Inc has a significant impact on the community by providing low-cost rental spaces to nonprofit cultural and educational organizations in New York City. Since its establishment in 1977, the 122 Community Center Inc has successfully managed and improved a city-owned building to support five resident nonprofit organizations. These organizations, including Performance Space New York, Mabou Mines, Movement Research, Painting Space 122, and Alliance for Positive Change, contribute to the cultural and social fabric of the neighborhood and city.

Through securing substantial capital funding and completing renovation projects, The 122 Community Center Inc has created a vibrant hub for artistic expression and community engagement. By providing affordable spaces for these organizations to operate, the center enables them to reach diverse audiences, support artists, and deliver essential services to the community.

Furthermore, The 122 Community Center Inc's commitment to sustainability, as evidenced by its LEED Gold Certification and energy reduction initiatives, underscores its dedication to responsible stewardship of resources and environmental impact.

Overall, The 122 Community Center Inc plays a crucial role in fostering creativity, collaboration, and access to cultural and educational programming in New York City, making a lasting impact on the community and beyond.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

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

  • Investment Income: $38
  • Program Service Revenue: $500,422
  • Gross Receipts: $501,258

    • Assets and Liabilities:
  • Total Assets: $127,877
  • Total Liabilities: $76,026
  • Net Assets: $51,851
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Reimbursed expenses

    Revenue

    $191,398

    Rental income

    Revenue

    $309,024

    Organization Details

    Principal Officer

    Anne Dennin

    Main Address

    150 FIRST AVE, NEW YORK, NY, 10009

    NTEE Category

    Code: N02 - Recreation

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