Overview
What is Midtown Cleveland Inc?
Midtown Cleveland Inc is a thriving 501(c)(3) nonprofit organization situated in Cleveland, Ohio. With a vision of fostering a connected community, it has been instrumental in driving growth and transformation in the area, attracting businesses, nonprofits, residents, and institutions. Its diverse assets have been utilized to develop a vibrant neighborhood that bridges Cleveland's downtown and innovation districts. Midtown Cleveland Inc has been actively engaged in community empowerment and equitable development, planning over 50 events and programs, adding public art, and offering support during the COVID-19 pandemic. The organization, employing around 20 individuals, has played a significant role in transforming the neighborhood from a mere passage into a destination with a tangible focus on community development.
Official website here: www.midtowncleveland.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating
Midtown Cleveland Inc has received a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial transparency. The organization achieved an impressive overall score of 96%, which is solely based on its performance in the Accountability & Finance beacon. This rating is significant as it indicates that the nonprofit adheres to high standards in governance and financial management.
The organization boasts a fully independent board, with 100% of its members meeting this criterion, which is essential for maintaining unbiased oversight. Additionally, all aspects of its financial management, including an audit and oversight committee, have received perfect scores, showcasing robust internal controls. Notably, Midtown Cleveland Inc has demonstrated effective use of resources, with an impressive program expense ratio of 80.41%, indicating that a large portion of its funding directly supports its programs.
No major limitations were identified in the data, as the organization has effectively implemented policies such as conflict of interest and whistleblower protections. Additionally, it maintains transparency by listing its website on tax forms and providing accessible documentation of board meeting minutes. Overall, Midtown Cleveland Inc stands out as a well-managed nonprofit dedicated to its mission in the Cleveland community.
This AI summary has been generated from information found on Charity Navigator.
Is Midtown Cleveland Inc legitimate?
Midtown Cleveland Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midtown Cleveland 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: $118,012
Professional Fundraising Fees: $0
Other Salaries and Wages: $582,513
For more financial information, click here
Official website here: www.midtowncleveland.org
What is the mission statement of Midtown Cleveland Inc?
Midtown Cleveland Inc leverages its diverse assets to create a dynamic neighborhood that unites Cleveland's downtown and innovation districts. This mission is aimed at fostering a connected community, an inclusive space where individuals can live, create, prosper, and grow. Over the past several years, Midtown has spearheaded remarkable growth and transformation in the area, attracting various businesses, nonprofits, residents, and institutions. By working with strategic partners, Midtown has stimulated development, transforming the neighborhood from a pass-through area to a place with a tangible focus on community empowerment and equitable development. During challenging times like the COVID-19 pandemic, Midtown provided support to individuals and businesses in need. Through events, programs, and public art, Midtown continues to build a vibrant community in the neighborhood.
Official website here: www.midtowncleveland.org
What is the revenue of Midtown Cleveland Inc?
Midtown Cleveland Inc's revenue in 2023 was $1,552,530.
Official website here: www.midtowncleveland.org
Who are the executives of Midtown Cleveland Inc and what are their salaries?
The average compensation at Midtown Cleveland Inc during 2023 was $41,207. There are 17 employees and 50 volunteers at Midtown Cleveland Inc.
Here are 22 key members and their salaries:
- Compensation: $118,012
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.midtowncleveland.org
Where can I find the form 990 for Midtown Cleveland Inc?
Midtown Cleveland Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.midtowncleveland.org
Learn more at the official website: www.midtowncleveland.org
Mission Statement of Midtown Cleveland Inc
Midtown Cleveland Inc, a dynamic and high-performing 501(c)(3) economic and community development corporation, leverages its diverse assets to create a vibrant neighborhood that unites Cleveland's downtown and innovation districts. Their mission is to transform the area into an inclusive place where people can live, create, prosper, and grow. Midtown Cleveland Inc has been instrumental in ushering in remarkable growth and transformation over the past few years, attracting businesses, non-profits, residents, and institutions to the neighborhood. This surge of activity has stimulated development and shifted the focus of the area from a pass-through to a community-oriented space with a tangible focus on empowerment and equitable development. The organization has planned over 50 events and programs to foster community, added public art to the neighborhood, and provided support to individuals and businesses struggling during the COVID-19 pandemic, further cementing Midtown Cleveland Inc's role as a catalyst for positive change in the community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Midtown Cleveland Inc has made a significant impact on the neighborhood by fostering growth and transformation that connect Cleveland's Downtown and Innovation Districts. Through strategic partnerships, it has attracted a diverse array of businesses and residents, helping to shift the area from a transient space to a vibrant community focused on empowerment and equitable development.
The organization has played a pivotal role in planning over 50 events and programs aimed at building community bonds and promoting inclusivity. By enhancing the neighborhood with public art and supporting local businesses, particularly during difficult times like the COVID pandemic, Midtown Cleveland Inc has positioned itself as a catalyst for positive change. Its efforts have not only stimulated local development but have also contributed to a renewed sense of identity and belonging among residents and workers in the area.
This information is meant to be a general summary of Midtown Cleveland 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 2023.
- Investment Income: $8,519
- Gross Receipts: $1,574,029
Assets and Liabilities:
- Total Assets: $3,862,976
- Total Liabilities: $1,164,470
- Net Assets: $2,698,506
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1982
Principal Officer
Paul Deutsch
Website
www.midtowncleveland.orgNTEE Category
Code: S310 - Community improvement
If you are a representative of Midtown Cleveland Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.