Overview
What is Downtown Canandaigua Business Management Association Inc?
Downtown Canandaigua Business Management Association Inc is a nonprofit organization situated in Canandaigua, New York, specifically at 115 South Main Street. Their primary objective is to foster economic growth in the area, as well as enhance the business district. With a small workforce of just three individuals, they are committed to making significant improvements within their community. Their activities and mission revolve around promoting economic development in Canandaigua, aiming to strengthen the local business sector.
Official website here: www.downtowncanandaigua.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 39% (Zero-Star out of Four Star Rating)
The Downtown Canandaigua Business Management Association Inc has received a low rating of 39%, indicating significant concerns regarding its accountability and financial practices. While the organization boasts a fully independent board, with 10 out of 10 points for both majority independent board members and board size, it lacks critical policies that ensure oversight and ethical governance, as evidenced by missing conflict of interest, whistleblower, and document retention policies.
Financially, the organization shows a concerning program expense ratio of only 29.12%, suggesting that a minimal portion of its budget is directed towards its intended programs and services. Additionally, its liabilities to assets ratio stands at 9.27%, which also contributes to the overall poor financial health rating. Despite meeting some transparency standards, such as having tax forms available on its website and documenting board meeting minutes, the lack of essential governance policies raises red flags about its operational integrity.
Overall, while the Downtown Canandaigua Business Management Association Inc demonstrates some positive governance aspects through its board structure, the glaring deficiencies in financial management and policy implementation significantly undermine its effectiveness and reliability as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Downtown Canandaigua Business Management Association Inc legitimate?
Downtown Canandaigua Business Management Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Canandaigua Business Management Association 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: $45,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $28,310
For more financial information, click here
Official website here: www.downtowncanandaigua.com
What is the mission statement of Downtown Canandaigua Business Management Association Inc?
The Downtown Canandaigua Business Management Association Inc is dedicated to fostering economic growth in a specific area, with a focus on Canandaigua, New York. Their primary goal is to enhance the business district by implementing improvements. This organization plays a significant role in promoting economic development, aiming to make a positive impact on the local business sector.
Official website here: www.downtowncanandaigua.com
Who is the CEO of Downtown Canandaigua Business Management Association Inc?
Denise Chaapel is the C.E.O. of Downtown Canandaigua Business Management Association Inc.
Official website here: www.downtowncanandaigua.com
What is the revenue of Downtown Canandaigua Business Management Association Inc?
Downtown Canandaigua Business Management Association Inc's revenue in 2022 was $176,227.
Official website here: www.downtowncanandaigua.com
Who are the executives of Downtown Canandaigua Business Management Association Inc and what are their salaries?
The average compensation at Downtown Canandaigua Business Management Association Inc during 2022 was $24,603. There are 3 employees at Downtown Canandaigua Business Management Association Inc.
Here are 11 key members and their salaries:
- 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: $0
- Related: $0
- Other: $0
- Compensation: $45,500
- Related: $0
- Other: $0
Official website here: www.downtowncanandaigua.com
Where can I find the form 990 for Downtown Canandaigua Business Management Association Inc?
Downtown Canandaigua Business Management Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.downtowncanandaigua.com
Learn more at the official website: www.downtowncanandaigua.com
Mission Statement of Downtown Canandaigua Business Management Association Inc
The Downtown Canandaigua Business Management Association Inc is dedicated to driving economic growth in the city of Canandaigua, New York. Their primary objective is to enhance the business district by implementing improvements and fostering development. In essence, their mission is geared towards stimulating economic activity and improving the business sector within Canandaigua.
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
October, 2024
Downtown Canandaigua Business Management Association Inc plays a vital role in fostering economic growth and enhancing the business landscape in Canandaigua, New York. By focusing on the promotion of economic development, the Association contributes significantly to creating a vibrant business district that attracts residents, visitors, and businesses alike.
Their initiatives not only improve the aesthetic and functional aspects of the area but also create an environment conducive to entrepreneurship and investment. By assisting local businesses, they help increase job opportunities, stimulate spending within the community, and elevate the overall quality of life for residents. The Association acts as a catalyst for community improvement, ensuring that Canandaigua remains a thriving and desirable place for both commerce and community engagement.
This information is meant to be a general summary of Downtown Canandaigua Business Management Association 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.
- Program Service Revenue: $36,466
- Gross Receipts: $176,437
Assets and Liabilities:
- Total Assets: $61,456
- Total Liabilities: $5,702
- Net Assets: $55,754
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Assessment for Service
Revenue
$36,466
Organization Details
Founding Year
1992
Phone
(585) 396-0300Principal Officer
Denise Chaapel
Main Address
115 South Main Street, Canandaigua, NY, 14424
Website
www.downtowncanandaigua.comNTEE Category
Code: S21Z - Community improvement
If you are a representative of Downtown Canandaigua Business Management Association 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.