Overview
What is Revitalizing Waterbury Inc?
Revitalizing Waterbury Inc is a nonprofit organization situated in Waterbury, Vermont, with a primary focus on strengthening its local community. They actively support various local entities, such as the Waterbury area food shelf, the Waterbury rotary, and the Waterbury ambulance service. The organization's mission is twofold: to safeguard and boost the economic, historical, and social significance of downtown Waterbury as a designated downtown area, and to accomplish this through unique events and programs. By doing so, Revitalizing Waterbury Inc contributes to the overall vitality and well-being of the Waterbury community.
Official website here: www.revitalizingwaterbury.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star Rating
Revitalizing Waterbury Inc has received a low rating of 54%, indicating concerns primarily in its accountability and financial practices. The score is derived solely from one beacon focusing on these aspects, highlighting the importance of transparency and governance in nonprofit organizations. While the organization boasts a fully independent board and has no material diversion of assets, it lacks several key policies that are critical for effective oversight.
Strengths of the organization include a fully independent board and a low liabilities-to-assets ratio, which suggests financial stability. Additionally, the organization has documented board meeting minutes and includes its website on its tax form. However, the absence of essential policies such as conflict of interest and whistleblower protections raises significant red flags regarding governance and accountability.
The program expense ratio is another area of concern, as it stands at 52.08%, suggesting that less than half of the organization's expenditures are directed toward its programs. This may indicate inefficiencies in resource allocation or a lack of investment in mission-related activities, which could impact the overall effectiveness of the nonprofit in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Revitalizing Waterbury Inc legitimate?
Revitalizing Waterbury Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Revitalizing Waterbury 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $62,473
Professional Fundraising Fees: $0
Other Salaries and Wages: $71,366
For more financial information, click here
Official website here: www.revitalizingwaterbury.org
What is the mission statement of Revitalizing Waterbury Inc?
Revitalizing Waterbury Inc's mission is centered around supporting local organizations in their community. Specifically, they assist entities such as the Waterbury area food shelf, the Waterbury rotary, and the Waterbury ambulance service. Their primary objective is to maintain and improve the economic, historical, and social significance of a designated downtown area in an unspecified location, through the execution of special events and programs. This mission aims to revitalize the downtown area and contribute to its overall vitality.
Official website here: www.revitalizingwaterbury.org
Who is the CEO of Revitalizing Waterbury Inc?
Theresa Wood is the Principal Officer of Revitalizing Waterbury Inc.
Official website here: www.revitalizingwaterbury.org
What is the revenue of Revitalizing Waterbury Inc?
Revitalizing Waterbury Inc's revenue in 2022 was $470,167.
Official website here: www.revitalizingwaterbury.org
Who are the executives of Revitalizing Waterbury Inc and what are their salaries?
The average compensation at Revitalizing Waterbury Inc during 2022 was $44,613. There are 3 employees and 60 volunteers at Revitalizing Waterbury Inc.
Here are 13 key members and their salaries:
- Compensation: $60,108
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $41,259
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.revitalizingwaterbury.org
Where can I find the form 990 for Revitalizing Waterbury Inc?
Revitalizing Waterbury Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.revitalizingwaterbury.org
Learn more at the official website: www.revitalizingwaterbury.org
Mission Statement of Revitalizing Waterbury Inc
Revitalizing Waterbury, a nonprofit organization, is committed to supporting local entities in Waterbury, Vermont. Its primary mission is to preserve and strengthen the economic, historical, and social vitality of the downtown area, which has been designated as such. To achieve this goal, Revitalizing Waterbury organizes special events and programs. By doing so, it aims to enhance the overall well-being and appeal of the downtown area, attracting both residents and visitors.
In the pursuit of its mission, Revitalizing Waterbury collaborates with various local organizations such as the Waterbury area food shelf, the Waterbury rotary, and the Waterbury ambulance service. Through these partnerships, the nonprofit contributes to the betterment of the community, ensuring that essential services are readily available and that the downtown area remains a vibrant and thriving part of the city. By actively participating in the revitalization of downtown Waterbury, Revitalizing Waterbury Inc. is instrumental in maintaining the area's unique character and charm, thus promoting a sense of community and pride among its residents.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Revitalizing Waterbury Inc's impact can be seen in its efforts to support various local organizations in Waterbury, Vermont, such as the Waterbury area food shelf, the Waterbury rotary, and the Waterbury ambulance service. Through its mission to preserve and enhance the economic, historic, and social vitality of downtown Waterbury as a "designated downtown," the organization plays a significant role in the community's development. Additionally, by organizing special events and programs, Revitalizing Waterbury Inc contributes to the cultural and recreational fabric of the city, making it a more vibrant and thriving place for residents and visitors alike.
This information is meant to be a general summary of Revitalizing Waterbury Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $515
- Gross Receipts: $523,968
Assets and Liabilities:
- Total Assets: $1,232,115
- Total Liabilities: $100,603
- Net Assets: $1,131,512
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1991
Phone
(802) 244-5108Principal Officer
Theresa Wood
Main Address
PO BOX 473, WATERBURY, VT, 05676
NTEE Category
Code: N41Z - Recreation
If you are a representative of Revitalizing Waterbury 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.