Overview
What is St Charles Business Alliance Inc Fka Downtown St Charles Partnershi?
St. Charles Business Alliance Inc., formerly known as Downtown St. Charles Partnership Inc., is a nonprofit organization situated in St. Charles, Illinois. With a workforce of ten individuals, their primary objective is to boost the economic viability of the downtown city area while preserving its character and beauty. They achieve this by implementing advertising and marketing initiatives, attracting leisure visitors to St. Charles. The Alliance's initiatives aim to enhance the overall appeal and vitality of the downtown district, ultimately contributing to the community's prosperity.
Official website here: www.stcalliance.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that while St Charles Business Alliance Inc demonstrates some accountability and financial transparency, there are significant areas where improvement is needed. The organization has a solid performance in terms of having a fully independent board and good audit oversight, which showcases its commitment to governance.
However, the nonprofit lacks key policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which are critical for maintaining transparency and integrity. Additionally, the absence of the tax form on their website raises concerns about openness in financial reporting. These factors contributed to the lower scores in their accountability and finance metrics.
Despite these limitations, the organization maintains a reasonable program expense ratio of 61.42%, indicating that a majority of its spending is directed towards its programs. The overall financial health is also reflected in a low liabilities to assets ratio of 13.91%. Moving forward, addressing the highlighted accountability issues could enhance its rating and stakeholder trust.
This AI summary has been generated from information found on Charity Navigator.
Is St Charles Business Alliance Inc Fka Downtown St Charles Partnershi legitimate?
St Charles Business Alliance Inc Fka Downtown St Charles Partnershi is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Charles Business Alliance Inc Fka Downtown St Charles Partnershi 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: $526,428
For more financial information, click here
Official website here: www.stcalliance.org
What is the mission statement of St Charles Business Alliance Inc Fka Downtown St Charles Partnershi?
The St. Charles Business Alliance Inc., formerly known as Downtown St. Charles Partnership Inc., has a mission to boost the economic sustainability of its community while preserving its unique character and aesthetic appeal. This is achieved through strategic advertising and marketing initiatives, aimed at attracting leisure visitors to the city. The alliance seeks to enhance the local economy while maintaining the city's charm and beauty.
Official website here: www.stcalliance.org
Who is the CEO of St Charles Business Alliance Inc Fka Downtown St Charles Partnershi?
Holly Cabel is the Director of St Charles Business Alliance Inc Fka Downtown St Charles Partnershi.
Official website here: www.stcalliance.org
What is the revenue of St Charles Business Alliance Inc Fka Downtown St Charles Partnershi?
St Charles Business Alliance Inc Fka Downtown St Charles Partnershi's revenue in 2023 was $902,318.
Official website here: www.stcalliance.org
Who are the executives of St Charles Business Alliance Inc Fka Downtown St Charles Partnershi and what are their salaries?
The average compensation at St Charles Business Alliance Inc Fka Downtown St Charles Partnershi during 2023 was $52,643. There are 10 employees and 150 volunteers at St Charles Business Alliance Inc Fka Downtown St Charles Partnershi.
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Official website here: www.stcalliance.org
Where can I find the form 990 for St Charles Business Alliance Inc Fka Downtown St Charles Partnershi?
St Charles Business Alliance Inc Fka Downtown St Charles Partnershi's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.stcalliance.org
Learn more at the official website: www.stcalliance.org
Mission Statement of St Charles Business Alliance Inc Fka Downtown St Charles Partnershi
St. Charles Business Alliance Inc, formerly known as Downtown St. Charles Partnership Inc, is dedicated to enhancing the economic viability and preserving the character and beauty of the downtown city of St. Charles. This mission is carried out by creating advertising and marketing initiatives that encourage leisure visitors to come to St. Charles, Illinois. By doing so, the alliance aims to contribute to the overall vitality and charm of the downtown area, ensuring it remains a popular destination for locals and tourists alike.
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Impact
October, 2024
St. Charles Business Alliance Inc., formerly known as Downtown St. Charles Partnership, significantly enhances the economic vitality and aesthetic appeal of downtown St. Charles, Illinois. The organization drives initiatives aimed at boosting local businesses while preserving the unique character of the area. By implementing strategic advertising and marketing campaigns, it actively attracts leisure visitors, bringing foot traffic and increased revenue to local establishments. The alliance's efforts foster a vibrant community atmosphere, encouraging both residents and visitors to engage with downtown resources, thus enriching cultural and economic experiences in St. Charles. This approach not only stimulates economic growth but also reinforces the community’s identity and charm, ensuring a thriving downtown that appeals to all.
This information is meant to be a general summary of St Charles Business Alliance Inc Fka Downtown St Charles Partnershi. 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: $7,657
- Program Service Revenue: $894,661
- Gross Receipts: $902,318
Assets and Liabilities:
- Total Assets: $784,626
- Total Liabilities: $109,152
- Net Assets: $675,474
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOTEL INCOME
Revenue
$436,600
SSA-1B
Revenue
$262,000
EVENT INCOME
Revenue
$196,061
Organization Details
Founding Year
1992
Principal Officer
Holly Cabel
Main Address
2 E MAIN STREET, ST CHARLES, IL, 60174
Website
www.stcalliance.orgNTEE Category
Code: S99Z - Community improvement
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