Nonprofit · EIN 87-3868085
CIVIC NEW MARKETS SUPPORT CORPORATION III
Tax-exempt · NEW YORK, NY 10014
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,061,042 | $865,175 | $195,867 | $21,371,737 | $20,419,141 | $952,596 |
| December 31, 2023 | 990 | $1,054,266 | $1,497,240 | -$442,974 | $21,487,127 | $20,730,398 | $756,729 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $421,776
- Program service revenue
- $0
- Investment income
- $639,266
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $11,000
- Program services (functional)
- $854,038
- Management and general (functional)
- $11,137
Balance sheet and other
- Total assets, start of year
- $21,487,127
- Total assets, end of year
- $21,371,737
- Total liabilities, end of year
- $20,419,141
- Net assets, end of year
- $952,596
- Net assets without donor restrictions
- -$73,544
- Net assets with donor restrictions
- $1,026,140
- Gross receipts
- $1,061,042
- Employees
- 0
- Volunteers
- 2
- Year formed
- 2021
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID UMANSKY | PRESIDENT Trustee or director, Officer | 1 | $0 | $511,977 | $47,701 |
| FAYE PREMER | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RAJEEV BAJAJ | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID UMANSKY | PRESIDENT Trustee or director, Officer | 1 | $0 | $510,684 | $44,658 |
| FAYE PREMER | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RAJEEV BAJAJ | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 180 VARICK ST RM 1414, NEW YORK, NY 10014-5872
- Principal officer (990 for 2024)
- DAVID UMANSKY, 180 VARICK STREET 1414, NEW YORK, NY 10014
- Signed the 990
- DAVID UMANSKY, PRESIDENT
- Phone
- (212) 571-7260
- Website
- WWW.CIVICBUILDERS.ORG
- Return prepared by
- LUTZ AND CARR CPAS LLP
Mission
THE CORPORATION WAS FORMED AS A 501(C)(3) ORGANIZATION TO BORROW FUNDS AND TO MAKE A LOAN INTO A FINANCING STRUCTURE FOR A CHARTER SCHOOL DEVELOPMENT PROJECT IN BROOKLYN, NEW YORK.
Program accomplishments
- 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.Expenses $854,038 · revenue $639,266
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-3868085
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type III functionally integrated
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S11)
- Assets (IRS master file)
- $21,371,737
- Income (IRS master file)
- $1,061,042
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,061,042 | $865,175 | $21,371,737 | XML |
| 990 | December 2023 | $1,054,266 | $1,497,240 | $21,487,127 | XML |
| 990 | December 2022 | $2,029,053 | $829,350 | $21,858,921 | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-3868085).
Questions about CIVIC NEW MARKETS SUPPORT CORPORATION III
- What is the EIN of CIVIC NEW MARKETS SUPPORT CORPORATION III?
- The employer identification number (EIN) of CIVIC NEW MARKETS SUPPORT CORPORATION III is 87-3868085.
- Is CIVIC NEW MARKETS SUPPORT CORPORATION III tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to CIVIC NEW MARKETS SUPPORT CORPORATION III tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does CIVIC NEW MARKETS SUPPORT CORPORATION III file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CIVIC NEW MARKETS SUPPORT CORPORATION III due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CIVIC NEW MARKETS SUPPORT CORPORATION III last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CIVIC NEW MARKETS SUPPORT CORPORATION III?
- The 990 for the year ended December 31, 2024 names DAVID UMANSKY.
- Who are the officers and directors of CIVIC NEW MARKETS SUPPORT CORPORATION III?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does CIVIC NEW MARKETS SUPPORT CORPORATION III have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,061,042, expenses of $865,175 and total assets of $21,371,737 at year end.
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