Overview
What is Wabash Marketplace Inc?
Wabash Marketplace Inc, operating under the alias Downtown Wabash Inc, is a nonprofit organization situated in Wabash, Indiana. Their primary mission is to stimulate and maintain community and economic development within the historic district of the city's downtown area. They achieve this by organizing events such as festivals, farmer's markets, and sales, which raise funds to enhance the appearance of the area. The organization's activities are focused on fostering economic vitality and preserving the area's historic character. With a modest team of three employees, Wabash Marketplace Inc plays an essential role in promoting the growth and conservation of its hometown.
Official website here: www.downtownwabash.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
Wabash Marketplace Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization boasts a perfect score for having a fully independent board of directors, which reflects a strong governance structure. Additionally, they maintain a healthy liabilities to assets ratio and a high program expense ratio, signifying that a significant portion of their resources is allocated to their programs.
However, there are notable areas for improvement. The organization lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which are critical for maintaining transparency and accountability. Despite these limitations, the presence of documented board meeting minutes and proper asset management suggests a commitment to operational integrity.
Overall, while Wabash Marketplace Inc demonstrates commendable financial responsibility and governance practices, addressing the missing policies would enhance its overall accountability and strengthen stakeholder trust.
This AI summary has been generated from information found on Charity Navigator.
Is Wabash Marketplace Inc legitimate?
Wabash Marketplace Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wabash Marketplace 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: $50,711
Professional Fundraising Fees: $0
Other Salaries and Wages: $53,509
For more financial information, click here
Official website here: www.downtownwabash.org
What is the mission statement of Wabash Marketplace Inc?
Wabash Marketplace Inc's mission is centered around promoting and fostering community and economic development, with a focus on preserving historical sites. Their primary goal is to enhance the vitality of a specific historic district by utilizing promotion, design, economic stimulation, and historic preservation strategies. The organization raises funds through various initiatives such as festivals and farmer's markets, which are then utilized to improve the overall aesthetic appeal of the downtown area.
Official website here: www.downtownwabash.org
What is the revenue of Wabash Marketplace Inc?
Wabash Marketplace Inc's revenue in 2023 was $162,379.
Official website here: www.downtownwabash.org
Who are the executives of Wabash Marketplace Inc and what are their salaries?
The average compensation at Wabash Marketplace Inc during 2023 was $26,055. There are 4 employees at Wabash Marketplace Inc.
Here are 14 key members and their salaries:
- 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: $50,711
- 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.downtownwabash.org
Where can I find the form 990 for Wabash Marketplace Inc?
Wabash Marketplace Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.downtownwabash.org
Learn more at the official website: www.downtownwabash.org
Mission Statement of Wabash Marketplace Inc
Wabash Marketplace Inc, a nonprofit organization, is dedicated to enhancing and sustaining the community and economic growth, along with preserving the historical heritage, in a specific district in downtown Wabash, Indiana. The primary mission of Wabash Marketplace Inc is to foster a vibrant and thriving community within the historic area by promoting events, design initiatives, bolstering economic vitality, and safeguarding historical preservation.
To accomplish this mission, Wabash Marketplace Inc employs various strategies, such as hosting festivals, organizing farmer's markets, and engaging in various sales events. The revenue generated from these activities is then utilized to boost the aesthetic appeal of the downtown area, thereby attracting more visitors and contributing to its overall development. The goal is to create a thriving and attractive environment that reflects the rich historical heritage of the district while also promoting economic growth and community engagement.
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
Wabash Marketplace Inc significantly enhances community and economic development in Wabash, Indiana, particularly within its historic district. Through initiatives like the Streetscape Project, the organization actively raises funds via festivals, farmers' markets, and sales events, which directly contribute to improving the downtown area's appearance. This revitalization not only beautifies the community but also fosters a vibrant atmosphere that encourages local business growth and attracts visitors. By focusing on promotion, design, and historic preservation, Wabash Marketplace Inc plays a crucial role in cultivating economic vitality while honoring the area’s rich heritage.
This information is meant to be a general summary of Wabash Marketplace 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: $1,961
- Program Service Revenue: $22,154
- Gross Receipts: $162,379
Assets and Liabilities:
- Total Assets: $360,229
- Total Liabilities: $5,618
- Net Assets: $354,611
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STREETSCAPE PROJECTS
Revenue
$22,154
Organization Details
Founding Year
1994
Principal Officer
Andrea Zwiebel
Website
www.downtownwabash.orgNTEE Category
Code: S20 - Community improvement
If you are a representative of Wabash Marketplace 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.