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Downtown State College Improvement District Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 260022986 ✦ State college, PA ✦ Designated as a 501(c)(3)

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Overview

What is Downtown State College Improvement District Inc?

Downtown State College Improvement District Inc is a nonprofit organization situated in State College, Pennsylvania, with a primary address at 127 South Fraser Street, 16801. Their mission is to foster and maintain a thriving and prosperous Downtown State College by promoting, preserving, and extending its safety, image, and economic development. They achieve this through various marketing activities, such as gift card sales, distributing maps and guides, organizing events, and conducting extensive regional marketing and advertising campaigns. These efforts aim to create a safe, clean environment, attracting businesses, cultural, recreational, and other activities that contribute to the vibrancy of the area for both residents and visitors. With a team of nine dedicated individuals, the organization works tirelessly to enhance the image of Downtown State College, Pennsylvania, and stimulate its economic growth.


Official website here: www.downtownstatecollege.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96%, Four-Star out of Four Star Rating

Downtown State College Improvement District Inc has earned a remarkable Four-Star rating from Charity Navigator, reflecting a high degree of accountability and financial health. With an overall score of 96%, the organization excels particularly in its Accountability & Finance metrics, scoring a perfect 100% for its independent board composition and strong oversight mechanisms. This indicates a commitment to transparency and responsible management of resources.

The nonprofit demonstrates a robust approach to governance, with all board members being independent, alongside comprehensive policies such as conflict of interest and whistleblower protections. Their favorable liabilities to assets ratio of 4.23% signals strong financial stability, allowing for effective program delivery. Furthermore, the organization maintains an impressive program expense ratio of 96.92%, suggesting that a significant majority of its expenditures are directed towards fulfilling its mission.

While the ratings highlight many strengths, it's essential for potential donors and stakeholders to recognize that these figures are based on fiscal year 2022 data. This singular focus on accountability metrics means that while financial stewardship is commendable, a broader evaluation of program impact and community engagement may be beneficial for a comprehensive understanding of the organization's overall effectiveness.


This AI summary has been generated from information found on Charity Navigator.

Is Downtown State College Improvement District Inc legitimate?

Downtown State College Improvement District Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown State College Improvement 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: $95,563
Professional Fundraising Fees: $0
Other Salaries and Wages: $110,035

For more financial information, click here


Official website here: www.downtownstatecollege.com

What is the mission statement of Downtown State College Improvement District Inc?

The mission of Downtown State College Improvement District Inc is centered around promoting, preserving, and extending the safety, image, and economic development of a specific downtown area. Their primary goal is to establish a secure and clean environment, thereby enhancing the overall image of the downtown area. This, in turn, attracts various activities such as businesses, cultural events, recreation, and more. The organization strives to maintain a vibrant and prosperous area, benefiting both residents and visitors alike.


Official website here: www.downtownstatecollege.com

Who is the CEO of Downtown State College Improvement District Inc?

Lee Anne Jeffries is the Chairman of Downtown State College Improvement District Inc.


Official website here: www.downtownstatecollege.com

What is the revenue of Downtown State College Improvement District Inc?

Downtown State College Improvement District Inc's revenue in 2022 was $700,052.


Official website here: www.downtownstatecollege.com

Who are the executives of Downtown State College Improvement District Inc and what are their salaries?

The average compensation at Downtown State College Improvement District Inc during 2022 was $22,844. There are 9 employees and 35 volunteers at Downtown State College Improvement District Inc.


Here are 12 key members and their salaries:


Sharon Herlocher (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Cohen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Friedman (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Mckee (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Al Pringle (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Brandeis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jill Rosenfeld (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Danielle Stemple (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charima Young (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ezra Nanes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Curtis Shulman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lee Anne Jeffries (Executive Director)
  • Compensation: $81,251
  • Related: $0
  • Other: $14,312


Official website here: www.downtownstatecollege.com

Where can I find the form 990 for Downtown State College Improvement District Inc?

Downtown State College Improvement District Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.downtownstatecollege.com

Learn more at the official website: www.downtownstatecollege.com

Mission Statement of Downtown State College Improvement District Inc

Downtown State College Improvement District Inc is an organization committed to promoting, preserving, and extending the safety, image, and economic development of a particular downtown area in Pennsylvania. Their mission is multifaceted, aiming to create a safe and clean environment that enhances the image of the downtown area. This enhanced image, in turn, attracts various activities such as business, cultural, recreational, and others, contributing to the overall vibrancy and prosperity of the area. The organization's efforts are geared towards fostering and maintaining a thriving downtown for both local residents and visitors.

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Impact




July, 2024

Downtown State College Improvement District Inc's impact lies in promoting, preserving, and extending the safety, image, and economic development of Downtown State College, Pennsylvania. Through various marketing activities such as gift card sales, distribution of maps and guides, sponsorship of events, and regional marketing and advertising campaigns, the organization works to enhance the downtown area's appeal and attract business, cultural, recreational, and other activities. By creating a safe, clean environment and enhancing the overall image of Downtown State College, the organization strives to maintain a vibrant and prosperous area for residents and visitors alike.




This information is meant to be a general summary of Downtown State College Improvement 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.

Revenue
$700,052 (2022)
Expenses
$545,003 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,729
  • Program Service Revenue: $573,280
  • Gross Receipts: $700,052

Assets and Liabilities:

  • Total Assets: $637,080
  • Total Liabilities: $26,998
  • Net Assets: $610,082

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROPERTY ASSESSMENTS

Revenue

$566,280

SPONSORSHIPS

Revenue

$7,000

Organization Details

Founding Year

2002

Principal Officer

Lee Anne Jeffries

Main Address

127 SOUTH FRASER STREET, STATE COLLEGE, PA, 16801

NTEE Category

Code: S31 - Community improvement

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