Overview
What is Ithaca Downtown Bus Improv District Inc?
Ithaca Downtown Bus Improv District Inc is a nonprofit organization based in Ithaca, New York, specifically at 171 E State Street. Their primary focus is on enhancing the appeal of the downtown area, attracting both residents and visitors, as well as businesses. To achieve this, they curate an annual calendar of events, manage a gift certificate program, distribute welcome packets, and engage in general tourism development. Their mission is to improve the image of Ithaca's downtown area, making it more alluring and inviting to its community. With a team of 31 dedicated individuals, they work tirelessly to achieve these goals.
Official website here: www.downtownithaca.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Ithaca Downtown Bus Improv District Inc has achieved an 88% score, earning it a Three-Star rating on Charity Navigator. This rating reflects a strong emphasis on accountability and finance, indicating that the organization has solid financial health and governance practices. The organization boasts a fully independent board and has well-maintained financial statements, demonstrating a commitment to transparency and responsible management.
Among its strengths, the nonprofit has successfully avoided any material diversion of assets and has a commendable program expense ratio of 88.03%. This suggests that a large portion of its expenses is directed towards its mission-related programs rather than administrative costs. However, there are areas for improvement, such as the absence of a whistleblower policy and document retention protocols, which could enhance organizational governance further.
Overall, while Ithaca Downtown Bus Improv District Inc shows strong accountability and financial responsibility, addressing the noted governance policies could help increase its overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Ithaca Downtown Bus Improv District Inc legitimate?
Ithaca Downtown Bus Improv District Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ithaca Downtown Bus Improv District 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: $117,828
Professional Fundraising Fees: $0
Other Salaries and Wages: $576,753
For more financial information, click here
Official website here: www.downtownithaca.com
What is the mission statement of Ithaca Downtown Bus Improv District Inc?
The mission of Ithaca Downtown Bus Improv District Inc, as stated, is to enhance the appeal of a specific downtown area, aiming to make it more appealing to local residents, visitors, and businesses. This is achieved through various initiatives, such as organizing an annual calendar of events, managing a gift certificate program, distributing welcome packets, and engaging in general tourism development. The ultimate goal is to improve the overall image and attractiveness of the downtown area.
Official website here: www.downtownithaca.com
Who is the CEO of Ithaca Downtown Bus Improv District Inc?
Gary Ferguson is the Executive Director of Ithaca Downtown Bus Improv District Inc.
Official website here: www.downtownithaca.com
What is the revenue of Ithaca Downtown Bus Improv District Inc?
Ithaca Downtown Bus Improv District Inc's revenue in 2022 was $1,663,082.
Official website here: www.downtownithaca.com
Who are the executives of Ithaca Downtown Bus Improv District Inc and what are their salaries?
The average compensation at Ithaca Downtown Bus Improv District Inc during 2022 was $22,406. There are 31 employees at Ithaca Downtown Bus Improv District Inc.
Here are 29 key members and their salaries:
- Compensation: $117,828
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Official website here: www.downtownithaca.com
Where can I find the form 990 for Ithaca Downtown Bus Improv District Inc?
Ithaca Downtown Bus Improv District Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.downtownithaca.com
Learn more at the official website: www.downtownithaca.com
Mission Statement of Ithaca Downtown Bus Improv District Inc
Ithaca Downtown Bus Improv District Inc, with a focus on enhancing its mission, aims to elevate the appeal of the downtown area in Ithaca, New York. This nonprofit organization strives to make the area more alluring to both residents and visitors, as well as encourage business growth. To achieve this objective, they actively engage in various activities.
One of their primary initiatives involves the development and implementation of an annual calendar of events. These events serve to liven up the downtown area, attracting a diverse crowd and fostering a sense of community. Additionally, Ithaca Downtown Bus Improv District Inc manages a gift certificate program, which encourages local patronage by offering incentives for shopping and dining in the downtown area. Moreover, they distribute welcome packets and engage in general tourism development efforts, aiming to promote the downtown area as a desirable destination.
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Impact
October, 2024
Ithaca Downtown Bus Improv District Inc significantly enhances the appeal and vitality of the Ithaca, NY downtown area. By organizing a diverse calendar of annual events, the organization promotes community engagement and brings together residents and visitors, creating a lively atmosphere that encourages exploration and enjoyment of local venues.
Through initiatives such as the management of a gift certificate program, they stimulate local commerce, making it easier for residents and tourists alike to support nearby businesses. Additionally, the distribution of welcome packets helps newcomers and visitors navigate and appreciate what downtown Ithaca has to offer, fostering a sense of belonging and community pride.
Overall, their efforts work to improve the image of downtown Ithaca, making it a more attractive destination for residents, visitors, and businesses, which ultimately contributes to the economic and cultural vitality of the area.
This information is meant to be a general summary of Ithaca Downtown Bus Improv District 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: $66
- Program Service Revenue: $394,358
- Gross Receipts: $1,663,082
Assets and Liabilities:
- Total Assets: $908,013
- Total Liabilities: $340,458
- Net Assets: $567,555
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Events and promotions
Revenue
$294,530
Marketing
Revenue
$15,075
Downtown Environment
Revenue
$35,000
Reimbursed DT Payroll
Revenue
$36,790
TCAT Ambassador
Revenue
$12,963
Organization Details
Founding Year
1996
Principal Officer
Gary Ferguson
Main Address
171 E State Street, Ithaca, NY, 14850
Website
www.downtownithaca.comNTEE Category
Code: S40 - Community improvement
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