Overview
What is Updown Entertainment & Development Corporation?
Updown Entertainment & Development Corporation is a nonprofit organization situated in the heart of North Philadelphia, Pennsylvania. With a single employee, their primary focus is on serving their community. Notably, they undertook an impressive project, restoring a significant landmark in the area: the Uptown Theater. Situated at 2200 North Broad Street, the building underwent restoration with the assistance of City HUD grants. This endeavor highlights Updown Entertainment & Development Corporation's dedication to revitalizing their community and preserving its historical landmarks.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
Updown Entertainment & Development Corporation has received a Two-Star rating from Charity Navigator, reflecting a score of 73%. This rating is based solely on accountability and finance metrics, indicating that while the organization demonstrates strengths in governance and transparency, there may be areas that could benefit from improvement.
The organization excels in several key areas, such as maintaining a fully independent board with 100% of members being independent and documenting board meeting minutes. Additionally, their financial health is commendable, with a low liabilities-to-assets ratio of 7.58% and a strong program expense ratio of 77.58%, suggesting that a significant portion of their expenditures goes directly toward their programs.
However, the overall score relies heavily on these metrics, and the absence of additional beacons may suggest limitations in other aspects of their operations. Stakeholders may want to consider these factors when evaluating the organization's overall effectiveness and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Updown Entertainment & Development Corporation legitimate?
Updown Entertainment & Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Updown Entertainment & Development Corporation 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: $10,378
For more financial information, click here
What is the mission statement of Updown Entertainment & Development Corporation?
Updown Entertainment & Development Corporation is dedicated to restoring and revitalizing notable structures. One of their significant projects involves the restoration of a landmark building, the Uptown Theater, situated in the 2200 block of North Broad Street. The organization securing City HUD grants to fund this restoration endeavor. Their mission extends beyond this project, as they continue to serve the community of North Philadelphia, contributing to its overall development and preservation.
Who is the CEO of Updown Entertainment & Development Corporation?
Monifa Young is the Vice Chair of Updown Entertainment & Development Corporation.
What is the revenue of Updown Entertainment & Development Corporation?
Updown Entertainment & Development Corporation's revenue in 2022 was $137,675.
Who are the executives of Updown Entertainment & Development Corporation and what are their salaries?
The average compensation at Updown Entertainment & Development Corporation during 2022 was $10,378. There is 1 employee at Updown Entertainment & Development Corporation.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Updown Entertainment & Development Corporation?
Updown Entertainment & Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Updown Entertainment & Development Corporation
Updown Entertainment & Development Corporation is an organization that has dedicated its mission to restoring a significant landmark in the community. Specifically, they have focused on the Uptown Theater, a historic building situated in the 2200 block of North Broad Street. The organization has successfully achieved this mission through the utilization of City HUD grants, demonstrating their commitment to preserving and revitalizing these types of structures. Beyond this restoration project, Updown Entertainment & Development Corporation continues to serve the north Philadelphia community, furthering its mission of historical preservation and community service.
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Impact
October, 2024
Updown Entertainment & Development Corporation has made a significant impact on the North Philadelphia community through its restoration of the Uptown Theater, a historic landmark located on North Broad Street. By revitalizing this crucial cultural asset, the organization not only preserves a piece of the city's architectural heritage but also fosters community pride and engagement. The use of City HUD grants for the restoration underscores the collaboration between local government initiatives and community-centric projects, enhancing public access to arts and entertainment. This effort contributes to community improvement by creating a vibrant space for cultural activities and events, thus benefiting local residents and businesses alike.
This information is meant to be a general summary of Updown Entertainment & Development Corporation. 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: $1,889
- Program Service Revenue: $70,971
- Gross Receipts: $137,675
Assets and Liabilities:
- Total Assets: $1,515,491
- Total Liabilities: $110,173
- Net Assets: $1,405,318
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Technology Fees
Revenue
$36,465
Radio Income
Revenue
$3,455
Program Fees
Revenue
$23,973
AAUF Fees
Revenue
$7,078
Organization Details
Founding Year
1995
Phone
(215) 236-1878Principal Officer
Monifa Young
Main Address
2227 N Broad Street, Philadelphia, PA, 19132
NTEE Category
Code: S80 - Community improvement
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