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CIVIC NEW MARKETS SUPPORT CORPORATION IV
NEW YORK, NY · EIN 921719410 · Form 990 · FY2024 · NTEE B11 · Education · Medium ($1M-$10M)
revenue
$1.3M
expenses
$1.7M
net assets
$-513K
employees
0
volunteers
2
program ratio
99%
mission · from form 990

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 THE BRONX, NEW YORK.

profile · synthesized from sources

CIVIC NEW MARKETS SUPPORT CORPORATION IV is a New York-based 501(c)(3) organization formed to support charter school development in the Bronx, New York. The organization's primary activity involves borrowing funds and making loans into a financing structure for a charter school project. It operates as a specialized financial intermediary in the education sector.

named programs · 1 · from sources

What they call their work

Charter School Financing Structure
Provides loan financing for the development and construction of a charter school facility in the Bronx, New York
activities · 1 group

What they do

  • Charter School Facilities Support 1 activity
    • Financing charter school development projects
      Provided loan financing for charter school development, including a project in the Bronx, New York.
financials · form 990 · fy2024
revenue
Total revenue$1.31M
Contributions & grants$15K1%
Program service revenue$00%
Investment income$1.30M99%
Other revenue$0
expenses
Total expenses$1.69M
Program expenses99%
Admin / overhead1%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$32.11M
Cash$655K
Investments$0
Liabilities$32.62M
Net assets$-513K
Liquid reserves4.7 mo
2 years on record · 2023–2024 · YoY revenue +19.2%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
DAVID UMANSKY PRESIDENT 1 $560K
board members · 2
  • FAYE PREMER — TREASURER
  • RAJEEV BAJAJ — SECRETARY
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Structured Loan Financing for Charter School Development
    methodology: financing_structure_for_charter_schools
    By providing structured loans using borrowed capital, the organization enables the development of charter schools, because access to dedicated financing addresses a critical barrier in school infrastructure creation and expansion.