Reconnectrondo

What it reported doing in 2024

Creating an african american cultural enterprise district reconnect rondo is building a bridge to better by creating an african american cultural enterprise district connected by a community land bridge. The rondo land bridge project aims to revitalize this district and foster an inclusive, equity-based local economy that not only restores what was lost but creates a continuous cycle of economic, social, and environmental benefits for the neighborhood and beyond. Our restorative development approach leverages principles of the circular economy, regenerative urbanism, and smart city technologies to build community wealth and well-being. This work intentionally creates traditional and alternative career paths and living-wage jobs for residents historically denied access to economic opportunity. Reconnect rondo serves as a national model and blueprint for communities similarly impacted by transportation policy. State (mn) funded technical studies - these studies advanced the project through concurrent efforts, including a restorative neighborhood area plan and an anti-displacement and community investment strategy. Restorative development final report and implementation guide completed in 2024, this guide provides a comprehensive strategic framework for cross-sector collaboration in 2025. It outlines clear steps to engage leaders across philanthropic, public, private, and community sectors, establishing roles, shared goals, and coordination strategies. Its completion enables reconnect rondo to move from planning to implementation, fostering transparency, accountability, and progress toward restorative development, community ownership, and equitable economic opportunity. Neighborhood area plan - 75% complete in partnership with the city of saint paul, reconnect rondo advanced a community-driven vision for land use, housing, mobility, and cultural preservation. Outreach and policy alignment ensured the plan reflects rondo residents' priorities and lays the groundwork for restorative development tied to the future land bridge. Entrepreneurship & workforce study completed this study engaged over 700 businesses and 15 state agencies to identify gaps in technical assistance, training, and access to capital. It provides actionable recommendations to connect licensed professionals to entrepreneurial opportunities, align workforce programs with high-growth industries, and foster inclusive economic growth. Rondo net zero innovation hub development started reconnect rondo started the innovation hub-a catalytic project supporting entrepreneurship, workforce development, and community wealth-building. The hub will serve as a central space for training, collaboration, and business incubation, anchoring long-term investment in the historic reconnect rondo also continues to explore revenue-generating opportunities that benefit the community while safeguarding existing residents. The organization is leading an extensive engagement process to inform all master planning efforts. Key studies underway or completed include: 4p finance model development nepa/section 106 studies anti-displacement/overlay district and community investment strategy

Financial Efficiency

• Mission deployment rate: 64.7%; rating input score 65
• Program expense ratio: 86.2%; rating input score 86
• Fundraising efficiency: $21.49 raised per $1 spent on fundraising; rating input score 61; 61st percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 90%; rating input score 90; 21st percentile among comparable filings
• Governance controls: 7 of 8 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 25%; rating input score 81; 81st percentile among comparable filings
• Total-asset coverage ratio: 0.53; rating input score 19; 19th percentile among comparable filings
• Liabilities to assets ratio: 0.35; rating input score 30; 30th percentile among comparable filings
• Officer compensation ratio: 7.4%; rating input score 40; 40th percentile among comparable filings

Growth

• Program expense growth: 32.9% per year; rating input score 100; 94th percentile among comparable filings
• Revenue growth: 36.9% per year; rating input score 100; 96th percentile among comparable filings
• Asset growth: 34.8% per year; rating input score 100; 95th percentile among comparable filings