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EIN 87-3868085

Civic New Markets Support Corporation Iii

IRS 501(c) type
501(c)(3)
Num. employees
0
City
New York
State
New York
Year formed
2021
Most recent tax filings
2023-12-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
Civic New Markets Support Corporation III was formed as a 501(c)(3) organization with a mission to provide loan funding for charter school development in Brooklyn, New York. Its loan was made into a financing structure for the project, and it is located in New York, NY.
Related structure
Civic New Markets Support Corporation Iii is a subordinate organization under Civic Builders.
Total revenues
$1,054,266
2023
Total expenses
$1,497,240
2023
Total assets
$21,487,127
2023
Num. employees
0
2023

Program areas at Civic New Markets Support Corporation Iii

Provide a loan to a charter school development project in New york. A loan was made into a financing structure for the development for a charter school development project located in brooklyn, New york.

Who funds Civic New Markets Support Corporation Iii

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Civic BuildersOperating Grant$400,000

Personnel at Civic New Markets Support Corporation Iii

NameTitleCompensation
David UmanskyChief Executive Officer$0
Yvonne SotoVice President of Talent
Ellen McBurneyVice President of Strategy and
Frank BuccolaVice President of
Jenny BoytsHead of Originations
...and 8 more key personnel

Financials for Civic New Markets Support Corporation Iii

RevenuesFYE 12/2023
Total grants, contributions, etc.$415,000
Program services$0
Investment income and dividends$639,266
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,054,266

Form 990s for Civic New Markets Support Corporation Iii

Fiscal year endingDate received by IRSFormPDF link
2023-122024-06-11990View PDF
2022-122023-07-28990View PDF
Data update history
December 26, 2023
Received grants
Identified 1 new grant, including a grant for $400,000 from Civic Builders
October 9, 2023
Updated personnel
Identified 17 new personnel
September 23, 2023
Posted financials
Added Form 990 for fiscal year 2022
September 23, 2023
Updated personnel
Identified 3 new personnel
September 23, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Business and community development organizationsChapter / child organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Tax deductible donationsNo full-time employeesAccepts online donations
General information
Address
180 Varick St 1414
New York, NY 10014
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
civicbuilders.org/ 
Phone
(212) 571-7260
IRS details
EIN
87-3868085
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2021
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
522120: Savings Institutions
Parent/child status
Subordinate organization
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