Overview
What is Dumbo District Management Association Inc?
Dumbo District Management Association Inc, situated in Brooklyn, New York, is a dedicated nonprofit organization with a mission to uplift and promote the renowned community of Dumbo, located beneath the Manhattan Bridge Overpass. The association strives to improve the area's infrastructure, fostering the growth of a diverse, mixed-use community that thrives in technology and creative sectors. To achieve this, they have developed advanced programming and initiatives, such as the Archway, and have encouraged the expansion of amenities like Wi-Fi and supplemental sanitation. To sustain their work, they have expanded their revenue base through various means, including grants, corporate and individual support, sponsorships, and hosting special events. With a small team of three employees, Dumbo District Management Association Inc serves to enhance the reputation of Dumbo as a world-class destination and a hub for business.
Official website here: www.dumbo.is/home
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Dumbo District Management Association Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. This high score is derived from a single beacon score, indicating that the organization excels in financial management and transparency, which is crucial for donor trust and support.
One of the organization's notable strengths is its governance structure, with 84% of its board members being independent, ensuring objectivity in decision-making. The organization also scores perfectly in several key areas, including having clear policies for conflict of interest and whistleblower protection, as well as maintaining thorough financial oversight through its audit committee.
However, while the rating highlights strong financial ratios, such as a low liabilities-to-assets ratio and a high program expense ratio, it does not provide information on the organization's program effectiveness or community impact. Potential donors may want to consider these aspects alongside the strong financial standing when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Dumbo District Management Association Inc legitimate?
Dumbo District Management Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dumbo District 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: $241,380
Professional Fundraising Fees: $0
Other Salaries and Wages: $209,837
For more financial information, click here
Official website here: www.dumbo.is/home
What is the mission statement of Dumbo District Management Association Inc?
The Dumbo District Management Association Inc is committed to enhancing and promoting a specific community, referred to as Dumbo, which is situated under the Manhattan Bridge Overpass in Brooklyn, New York. The association's primary goal is to showcase Dumbo as a world-class destination and a hub for businesses. To achieve this, they have advocated for infrastructure improvements, developed advanced programming for the archway, encouraged the growth of a diverse community, including a thriving tech and creative sector. Additionally, they have provided amenities such as Wi-Fi and supplemental sanitation to the community. The association expands its revenue base through various means, including grants, corporate and individual support, sponsorship, and hosting special events, thereby building on their programs, research, and advocacy.
Official website here: www.dumbo.is/home
Who is the CEO of Dumbo District Management Association Inc?
Sayar Lonial is the President of Dumbo District Management Association Inc.
Official website here: www.dumbo.is/home
What is the revenue of Dumbo District Management Association Inc?
Dumbo District Management Association Inc's revenue in 2022 was $1,531,780.
Official website here: www.dumbo.is/home
Who are the executives of Dumbo District Management Association Inc and what are their salaries?
The average compensation at Dumbo District Management Association Inc during 2022 was $150,406. There are 3 employees at Dumbo District Management Association Inc.
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Official website here: www.dumbo.is/home
Where can I find the form 990 for Dumbo District Management Association Inc?
Dumbo District Management Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dumbo.is/home
Learn more at the official website: www.dumbo.is/home
Mission Statement of Dumbo District Management Association Inc
Dumbo District Management Association Inc is committed to enhancing and promoting the community known as Dumbo, located in Brooklyn, New York. Their mission is twofold: to showcase Dumbo as a world-class destination and a thriving center for business. They strive to improve the infrastructure of the area, develop advanced programming, and encourage the growth of a mixed-use community, with a focus on the technology and creative sectors. To further enrich the community, Dumbo District Management Association Inc provides amenities such as Wi-Fi and supplemental sanitation. They also expand their revenue base through various means, including grants, corporate and individual support, sponsorship, and hosting special events to support their programs, research, and advocacy.
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Impact
October, 2024
Dumbo District Management Association Inc significantly impacts the Dumbo community in Brooklyn by enhancing its reputation as a vibrant destination and a hub for business. By advocating for infrastructure improvements and developing programming, such as the advanced activities at the Archway, the organization creates an inviting environment that fosters growth and draws visitors.
The association has played a crucial role in cultivating a mixed-use community, particularly supporting the burgeoning technology and creative sectors. This growth is complemented by essential amenities like public WiFi and supplemental sanitation services, which improve the overall experience for residents and visitors alike.
Furthermore, through strategic fundraising initiatives—including grants, corporate sponsorships, and special events—the association bolsters its revenue base, allowing it to continue its advocacy and programming efforts. This multifaceted approach not only enhances public safety but also encourages local economic development, making Dumbo a thriving area within Brooklyn.
This information is meant to be a general summary of Dumbo District 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: $1,339,036
- Gross Receipts: $1,531,780
Assets and Liabilities:
- Total Assets: $532,232
- Total Liabilities: $79,302
- Net Assets: $452,930
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BBPW
Revenue
$2,000
BID TAX ASSESSMENT
Revenue
$1,250,000
FILMING
Revenue
$41,000
OLD FULTON PLAZA
Revenue
$4,000
SUBCONCESSIONS
Revenue
$41,000
Organization Details
Founding Year
2003
Phone
(718) 237-8700Principal Officer
Sayar Lonial
Main Address
20 JAY STREET 510, BROOKLYN, NY, 11201
Website
www.dumbo.is/homeNTEE Category
Code: M99 - Public safety
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