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Downtown Akron Special Improvement District Inc

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

EIN: 341898873 ✦ Akron, OH ✦ Designated as a 501(c)(4)

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Overview

What is Downtown Akron Special Improvement District Inc?

Downtown Akron Special Improvement District Inc, based in Akron, Ohio, is a nonprofit organization situated at 103 S High Street, 4th Floor. Their primary mission is to facilitate the ongoing investment and development of the Downtown Akron area. This is achieved through three main components: ensuring the district remains clean, safe, and vibrant; promoting and marketing the area; and providing services to stakeholders. Their activities are geared towards enhancing the overall appeal and growth of Downtown Akron.

Is Downtown Akron Special Improvement District Inc legitimate?

Downtown Akron Special Improvement District Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Downtown Akron Special 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Downtown Akron Special Improvement District Inc?

The mission of Downtown Akron Special Improvement District Inc, as stated, is centered around providing resources for the continued investment and development of a specific area. This organization, managed by Downtown Akron Partnership, aims to enhance the downtown area through three primary components: maintaining cleanliness, ensuring safety and vitality, promoting the area through marketing, and offering services to stakeholders.

Who is the CEO of Downtown Akron Special Improvement District Inc?

Denise Armstrong is the Director of Downtown Akron Special Improvement District Inc.

What is the revenue of Downtown Akron Special Improvement District Inc?

Downtown Akron Special Improvement District Inc's revenue in 2023 was $750,662.

Who are the executives of Downtown Akron Special Improvement District Inc and what are their salaries?


Here are 6 key members and their salaries:


Jason Segedy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lee S Walko (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Denise Armstrong (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael A Kunce (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Margo Sommerville (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alicia Lamancusa (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Downtown Akron Special Improvement District Inc?

Downtown Akron Special Improvement District Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Downtown Akron Special Improvement District Inc

Downtown Akron Special Improvement District Inc, in its mission, focuses on providing resources to facilitate the continued investment and development of the Downtown Akron area. This nonprofit organization works towards enhancing the region by managing a service plan that consists of three main components: clean, safe & vibrant, marketing & promotions, and stakeholder services.

By implementing these components, the organization aims to maintain a clean and safe environment in the Downtown Akron area, ensuring that it remains an attractive and inviting destination for residents and visitors alike. The marketing and promotions aspect of their mission involves showcasing the area's unique attractions and events, while the stakeholder services component is dedicated to meeting the needs of the businesses and community members within the district.

In summary, Downtown Akron Special Improvement District Inc plays a crucial role in the ongoing development and enhancement of the Downtown Akron area. Through its service plan, the organization works to create a clean, safe, and vibrant environment, while also promoting the district and catering to the needs of its stakeholders.

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Impact




October, 2024

Downtown Akron Special Improvement District Inc plays a crucial role in fostering growth and enhancement within the Downtown Akron area. By managing a comprehensive service plan through the Downtown Akron Partnership, it focuses on three primary components: cleanliness, safety, and vibrancy; marketing and promotions; and stakeholder services.

The organization’s efforts in maintaining a clean and safe environment contribute significantly to the quality of life, encouraging residents and visitors alike to engage with the community. Its marketing and promotional initiatives enhance the visibility of downtown businesses and events, driving economic activity and attracting new investments. Additionally, stakeholder services facilitate collaboration among local businesses and community members, ensuring that diverse interests are represented while promoting collective goals.

Through these strategies, Downtown Akron Special Improvement District Inc not only revitalizes the urban landscape but also strengthens community ties, leading to a more vibrant and economically sustainable Downtown Akron. The impact of its work can be seen in increased foot traffic, enhanced business visibility, and a heightened sense of community pride, all vital for ongoing investment and development in the area.




This information is meant to be a general summary of Downtown Akron Special 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
$750,662 (2023)
Expenses
$743,114 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $1,691
  • Gross Receipts: $750,662

Assets and Liabilities:

  • Total Assets: $15,490
  • Total Liabilities: $0
  • Net Assets: $15,490

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Organization Details

Founding Year

1999

Principal Officer

Denise Armstrong

Main Address

103 S High Street 4th Floor, Akron, OH, 44308

NTEE Category

Code: S99 - Community improvement

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