Overview
What is Bentonville Revitalization Inc?
Bentonville Revitalization Inc is a nonprofit organization situated in Bentonville, Arkansas. Their primary focus is on community development and combating urban decay in the downtown area. They operate a parking deck in the city center, offering free public parking daily. Additionally, they manage three parking lots, providing Benton County employees with parking during work hours and open for public use after hours, also at no cost. In line with their mission, the organization may purchase vacant property in the downtown area, prepare the lots for resale, and sell them to interested third parties at fair market value, contributing to the city's economic growth and vitality.
Is Bentonville Revitalization Inc legitimate?
Bentonville Revitalization Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Bentonville Revitalization 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Bentonville Revitalization Inc?
Bentonville Revitalization Inc, as an organization, is established with the primary goal of promoting community development and combating community deterioration. Its activities encompass purchasing vacant or abandoned property lots within its jurisdiction, preparing these lots for resale by clearing them of structures and debris, and subsequently selling them to interested third parties at fair market value. This strategy is employed to support and advance the business and civic interests of the community.
Who is the CEO of Bentonville Revitalization Inc?
Unavailable
What is the revenue of Bentonville Revitalization Inc?
Bentonville Revitalization Inc's revenue in 2022 was $1,226,635.
Who are the executives of Bentonville Revitalization Inc and what are their salaries?
There 3 volunteers at Bentonville Revitalization Inc.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Bentonville Revitalization Inc?
Bentonville Revitalization Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bentonville Revitalization Inc
Bentonville Revitalization Inc, as an organization, is committed to fostering community development and combating community deterioration within its local area. One of its key activities involves purchasing vacant or abandoned property lots in downtown regions, with the intention of preparing these lots for resale. This process may include clearing the lots of any structures or debris, ensuring they are ready for third-party purchasers who show interest in developing the property. By doing so, Bentonville Revitalization Inc aims to promote both business and civic interests in the area, ultimately contributing to its overall growth and revitalization.
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Impact
October, 2024
Bentonville Revitalization Inc plays a crucial role in enhancing the community infrastructure and fostering development in downtown Bentonville, Arkansas. By managing public parking facilities, including a free parking deck and three additional lots, the organization alleviates the common challenge of parking scarcity, making it easier for residents, employees, and visitors to access the area.
Furthermore, Bentonville Revitalization Inc actively invests in the community's aesthetic and economic vitality by purchasing empty or vacated property lots. Their efforts to prepare these lots for resale contribute to reducing urban blight and enticing new development that aligns with the business and civic goals of the region. This approach not only combats community deterioration but also catalyzes economic growth, positioning Bentonville as an attractive destination for both residents and businesses.
Overall, the organization's initiatives directly benefit the community by promoting development, improving public accessibility, and enhancing the overall appeal of downtown Bentonville, contributing significantly to its revitalization and sustainability.
This information is meant to be a general summary of Bentonville Revitalization 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: $1,226,635
- Gross Receipts: $1,226,635
Assets and Liabilities:
- Total Assets: $13,193,119
- Total Liabilities: $10,007,173
- Net Assets: $3,185,946
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
21C BENTONVILLE, LLC
Revenue
$1,226,635
Organization Details
Founding Year
2007
Phone
(479) 464-1515Main Address
PO BOX 1860, BENTONVILLE, AR, 72712
NTEE Category
Code: S20 - Community improvement
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