Overview
What is Michigan Street African American Heritage Corridor Commission Inc?
Michigan Street African American Heritage Corridor Commission Inc is a nonprofit organization situated in Buffalo, New York, at 136 Broadway Ste 101. Their primary mission revolves around economic development and revitalization, particularly in the development of a comprehensive, sustainable plan for the heritage corridor. This plan aims to create a unified tourism destination, strengthen the cultural assets of the area, and support the sustainability of the Commission. The Commission also works towards developing assets that encourage increased visitorship and stimulate additional private investment in the surrounding neighborhood. With a modest workforce of two individuals, they are dedicated to fostering growth and preservation in the heritage corridor.
Official website here: www.michiganstreetbuffalo.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
The Michigan Street African American Heritage Corridor Commission Inc has received a commendable score of 84%, which reflects a solid performance in accountability and finance. This high rating is primarily driven by their excellent management of financial resources, with a program expense ratio of 91.60%, indicating that a significant portion of their funds directly supports their programs.
Strengths of the organization include a fully independent board, which received full marks for having 12 independent members. Additionally, they have shown rigorous financial oversight, with no material diversion of assets reported and comprehensive financial statements available. However, there are notable limitations, particularly the absence of key governance policies, including a conflict of interest policy and a whistleblower policy, which are important for transparency and accountability.
Overall, while the organization excels in financial management and governance structure, addressing the missing policies would enhance its operational integrity and public trust even further.
This AI summary has been generated from information found on Charity Navigator.
Is Michigan Street African American Heritage Corridor Commission Inc legitimate?
Michigan Street African American Heritage Corridor Commission Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Michigan Street African American Heritage Corridor Commission 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: $120,000
For more financial information, click here
Official website here: www.michiganstreetbuffalo.org
What is the mission statement of Michigan Street African American Heritage Corridor Commission Inc?
The Michigan Street African American Heritage Corridor Commission Inc's mission is to formulate short-term, medium-term, and long-term actions aimed at establishing a cohesive tourist attraction. This initiative aims to bolster the Corridor's cultural heritage and enhance the surrounding community. Additionally, the Commission seeks to ensure its sustainability and further develop assets to encourage increased tourism and private investment. The ultimate goal is to revitalize the economy and restore vitality to the area through a comprehensive and sustainable development plan.
Official website here: www.michiganstreetbuffalo.org
Who is the CEO of Michigan Street African American Heritage Corridor Commission Inc?
Lillie Wiley-Upshaw is the Board Member of Michigan Street African American Heritage Corridor Commission Inc.
Official website here: www.michiganstreetbuffalo.org
What is the revenue of Michigan Street African American Heritage Corridor Commission Inc?
Michigan Street African American Heritage Corridor Commission Inc's revenue in 2022 was $2,544,944.
Official website here: www.michiganstreetbuffalo.org
Who are the executives of Michigan Street African American Heritage Corridor Commission Inc and what are their salaries?
The average compensation at Michigan Street African American Heritage Corridor Commission Inc during 2022 was $60,000. There are 2 employees and 160 volunteers at Michigan Street African American Heritage Corridor Commission Inc.
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Official website here: www.michiganstreetbuffalo.org
Where can I find the form 990 for Michigan Street African American Heritage Corridor Commission Inc?
Michigan Street African American Heritage Corridor Commission Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.michiganstreetbuffalo.org
Learn more at the official website: www.michiganstreetbuffalo.org
Mission Statement of Michigan Street African American Heritage Corridor Commission Inc
Michigan Street African American Heritage Corridor Commission Inc is committed to identifying strategic actions that will foster a cohesive tourist destination, strengthen the cultural assets of the Corridor, and promote its sustainability. The commission's mission extends beyond this, aiming to revitalize the surrounding neighborhood and attract additional private investment. By developing a comprehensive implementation plan, the commission seeks to facilitate increased visitorship and further enhance the assets of the heritage corridor, ultimately contributing to its overall development and growth.
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Impact
October, 2024
The Michigan Street African American Heritage Corridor Commission Inc significantly impacts economic development and community revitalization in Buffalo, NY. By focusing on creating a unified tourism destination, the Commission enhances the visibility and appeal of the Corridor's cultural assets. This initiative not only fosters pride in the historical and cultural significance of the area but also attracts additional visitors, which is essential for local businesses and the economy.
Through strategic planning, the Commission identifies actionable steps that are designed to strengthen the surrounding neighborhood. This includes bolstering cultural heritage sites, ensuring they are well-maintained and accessible, which in turn supports local investment and boosts community morale.
The long-term vision includes the sustainability of the Corridor, creating a thriving environment that benefits residents and visitors alike. By working to facilitate increased visitorship, the Commission serves as a catalyst for private investment, allowing for further development of the area. In summary, the Commission plays a critical role in enhancing the community's cultural landscape, promoting economic growth, and ensuring the heritage of the African American experience is preserved and celebrated.
This information is meant to be a general summary of Michigan Street African American Heritage Corridor Commission 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: $2,155
- Program Service Revenue: $1,582
- Gross Receipts: $2,580,974
Assets and Liabilities:
- Total Assets: $2,188,280
- Total Liabilities: $51,902
- Net Assets: $2,136,378
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Administrative fees
Revenue
$1,582
Organization Details
Founding Year
2009
Phone
(716) 322-1002Principal Officer
Lillie Wiley-Upshaw
Main Address
136 Broadway Ste 101, Buffalo, NY, 14203
NTEE Category
Code: S30 - Community improvement
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