Overview
What is Chapel Hill Downtown Partnership Inc?
Chapel Hill Downtown Partnership Inc is a nonprofit organization situated in Chapel Hill, North Carolina, with a headquarters at 128 E Franklin St Suite 240. Their primary mission is to unite the town, university, and local community to preserve, enhance, and promote Chapel Hill's downtown area as its cultural, social, and spiritual hub. They achieve this goal through economic development by collaborating with businesses, property owners, and organizations. The partnership leads marketing and promotional efforts to improve the visual appeal of the downtown area, redeveloping it into a mixed-use center that includes retail, services, professional, governmental, institutional, and residential spaces. They work closely with tenants and businesses to identify and recruit new ones, organizing and hosting special events to engage the local community. Furthermore, they advocate for the interests of businesses and property owners, offering them cost-effective marketing promotions through various platforms. With a team of five dedicated individuals, Chapel Hill Downtown Partnership Inc plays a significant role in shaping and revitalizing the downtown area of Chapel Hill.
Official website here: www.downtownchapelhill.com/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star Rating)
Chapel Hill Downtown Partnership Inc has received a commendable Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 86% overall, with its rating derived entirely from its accountability and finance practices, which are crucial for donor trust and transparency.
Strengths of the organization include a fully independent board, with all members meeting the criteria for independence. The board demonstrates effective governance through comprehensive documentation, including meeting minutes and a conflict of interest policy. Additionally, the organization has a solid financial standing, as indicated by a low liabilities-to-assets ratio and a high program expense ratio, ensuring that a significant portion of its resources is directed toward its mission.
However, while the accountability and finance score is strong, the overall rating suggests there may be areas for improvement in other aspects of nonprofit performance that are not captured in this specific rating. Nonetheless, the Chapel Hill Downtown Partnership Inc appears to be a responsible steward of its resources and committed to its community objectives.
This AI summary has been generated from information found on Charity Navigator.
Is Chapel Hill Downtown Partnership Inc legitimate?
Chapel Hill Downtown Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chapel Hill Downtown Partnership 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: $105,123
Professional Fundraising Fees: $0
Other Salaries and Wages: $146,230
For more financial information, click here
Official website here: www.downtownchapelhill.com/
What is the mission statement of Chapel Hill Downtown Partnership Inc?
The Chapel Hill Downtown Partnership Inc's mission is to unite the town, university, and local community resources to preserve, enhance, and highlight the downtown area as a vibrant hub for social, cultural, and spiritual activities. This is achieved through economic development efforts, aiming to transform the downtown area into a mixed-use center encompassing retail, services, professional, governmental, institutional, and residential spaces. The organization collaborates with businesses and property owners to attract tenants and businesses, improves the area's visual appeal, and hosts special events to engage the community. Furthermore, it advocates on behalf of businesses and property owners to address their concerns and challenges.
Official website here: www.downtownchapelhill.com/
Who is the CEO of Chapel Hill Downtown Partnership Inc?
Gordon Merklein is the Executive Director of Chapel Hill Downtown Partnership Inc.
Official website here: www.downtownchapelhill.com/
What is the revenue of Chapel Hill Downtown Partnership Inc?
Chapel Hill Downtown Partnership Inc's revenue in 2022 was $704,157.
Official website here: www.downtownchapelhill.com/
Who are the executives of Chapel Hill Downtown Partnership Inc and what are their salaries?
The average compensation at Chapel Hill Downtown Partnership Inc during 2022 was $50,271. There are 5 employees and 25 volunteers at Chapel Hill Downtown Partnership Inc.
Here are 13 key members and their salaries:
- Compensation: $81,436
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- Other: $6,392
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Official website here: www.downtownchapelhill.com/
Where can I find the form 990 for Chapel Hill Downtown Partnership Inc?
Chapel Hill Downtown Partnership Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.downtownchapelhill.com/
Learn more at the official website: www.downtownchapelhill.com/
Mission Statement of Chapel Hill Downtown Partnership Inc
Chapel Hill Downtown Partnership Inc is an organization that seeks to unite the resources of the town, the university, and the local community to preserve, enhance, and elevate the downtown area as a focal point of social, cultural, and spiritual life in Chapel Hill. Their mission, in essence, is to foster economic development in this downtown area by leveraging the collective strength of these resources. They achieve this by collaboratively managing the downtown sector, enhancing its visual appeal, and transforming it into a vibrant, mixed-use hub encompassing retail, service, professional, governmental, institutional, and residential spaces.
The nonprofit plays a proactive role in attracting and retaining businesses and tenants, working closely with property owners and organizations to identify suitable candidates. Additionally, Chapel Hill Downtown Partnership Inc organizes and hosts various special events to draw the community to the downtown area, fostering a sense of unity and engagement. The organization also serves as an advocate for businesses and property owners, addressing their concerns and challenges related to the downtown sector. Furthermore, they offer low-cost marketing promotions to businesses through their website, events calendars, and marketing emails, thereby providing them with increased visibility.
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Impact
July, 2024
Chapel Hill Downtown Partnership Inc plays a vital role in maintaining, enhancing, and promoting the downtown area as the social, cultural, and spiritual center of Chapel Hill through economic development. By leading and managing the downtown area through partnership efforts, marketing and promotions, and advocating for businesses and property owners, the organization has been instrumental in rebuilding downtown as a mixed-use center. Their work with business and property owners to identify and recruit tenants and businesses has helped in revitalizing the area. Additionally, their coordination of special events and marketing efforts has brought the community together and provided businesses with valuable visibility and promotional opportunities. Overall, Chapel Hill Downtown Partnership Inc has had a significant impact on improving the visual appeal, economic vitality, and community engagement of downtown Chapel Hill.
This information is meant to be a general summary of Chapel Hill Downtown Partnership 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: $7
- Gross Receipts: $704,157
Assets and Liabilities:
- Total Assets: $391,889
- Total Liabilities: $104,858
- Net Assets: $287,031
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Organization Details
Founding Year
2004
Principal Officer
Gordon Merklein
Main Address
128 E Franklin St Suite 240, Chapel Hill, NC, 27514
Website
www.downtownchapelhill.com/NTEE Category
Code: S30 - Community improvement
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