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Centerstate Development Foundation Inc

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

EIN: 161165469 ✦ Syracuse, NY ✦ Designated as a 501(c)(3)

Overview

What is Centerstate Development Foundation Inc?

The Centerstate Development Foundation Inc, based in Syracuse, New York, is a nonprofit organization dedicated to fostering economic growth and community development in the city and its surrounding areas. Their primary activities involve combating urban deterioration by creating and promoting land use plans, offering solutions to urban problems, and encouraging the development of cultural and educational activities. They also conduct studies to identify community health needs and encourage industrial and commercial firms to establish facilities within depressed areas, providing employment opportunities for local residents. The foundation's mission is centered around enhancing the economic vitality of Syracuse and its urban region in Upstate New York.


Is Centerstate Development Foundation Inc legitimate?

Centerstate Development Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Centerstate Development Foundation 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: $132,595
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Centerstate Development Foundation Inc?
Who is the CEO of Centerstate Development Foundation Inc?
What is the revenue of Centerstate Development Foundation Inc?
Who are the executives of Centerstate Development Foundation Inc and what are their salaries?
Where can I find the form 990 for Centerstate Development Foundation Inc?

Mission Statement of Centerstate Development Foundation Inc

Centerstate Development Foundation, a nonprofit organization, is dedicated to promoting economic development in an urban area, specifically in Syracuse, New York. Their mission is multifaceted, aimed at combating the deterioration of the city and surrounding areas. They achieve this by developing and disseminating land use plans, offering solutions to urban problem areas, and encouraging the elimination of existing deteriorated areas while preventing the destruction of existing ones.

Beyond physical development, Centerstate Development Foundation also encourages community cultural and educational activities. They undertake studies to identify community health needs, aiming to address these challenges and improve the overall well-being of the area's residents. Furthermore, the foundation encourages industrial and commercial firms to establish their facilities within depressed areas. This initiative provides employment opportunities for local residents, fostering economic growth and vitality in these communities.

Impact

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




Thursday, August 15, 2024

Centerstate Development Foundation Inc's impact is focused on combating the deterioration of Syracuse and adjoining areas by developing and disseminating land use plans, offering resolutions to urban problem areas, and encouraging community cultural and educational activities. Additionally, the foundation undertakes studies to identify community health needs and encourages industrial and commercial firms to locate facilities within depressed areas to provide employment for residents. This work contributes to the economic development and improvement of the city of Syracuse and the urban area in upstate New York.





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: $88,777
  • Program Service Revenue: $1,381,633
  • Gross Receipts: $1,470,410

    • Assets and Liabilities:
  • Total Assets: $3,630,271
  • Total Liabilities: $542,498
  • Net Assets: $3,087,773
  • Programs

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

    LM COMMON AREA MAINT C

    Revenue

    $1,381,633

    Organization Details

    Founding Year

    1981

    Principal Officer

    Robert Simpson

    Main Address

    115 WEST FAYETTE STREET, SYRACUSE, NY, 13202

    NTEE Category

    Code: S31Z - Community improvement

    If you are a representative of Centerstate Development Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.