Overview
What is Dwight Economic Alliance?
The Dwight Economic Alliance is a nonprofit organization dedicated to supporting and facilitating community events in the Dwight area. Their primary mission involves fundraising efforts to ensure the success and accessibility of these events for the community. By doing so, they contribute to the overall well-being and engagement of the local population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%)
The Dwight Economic Alliance has received a two-star rating from Charity Navigator, indicating that it requires improvement. While the organization excels in accountability and finance, scoring a perfect 100%, there are several areas of concern, particularly regarding governance practices. The absence of essential policies, such as conflict of interest, whistleblower, and document retention policies, significantly impacts its overall rating.
Strengths of the Dwight Economic Alliance include a fully independent board, with all members meeting the criteria for majority independence, and a commendable program expense ratio of 100%, indicating that all funds are directed toward its mission. However, the lack of transparency is evident as critical documentation, including the tax form and various policy documents, are not available on their website, which lowers confidence in the organization.
The areas yet to be scored, such as impact and measurement, culture and community, and leadership adaptability, suggest that there is limited information regarding the organization's effectiveness in achieving its goals. Overall, while the Dwight Economic Alliance demonstrates strong financial accountability, improvements are necessary to enhance governance transparency and policy adherence to gain greater trust from supporters and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Dwight Economic Alliance legitimate?
Dwight Economic Alliance is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dwight Economic Alliance 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:
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What is the mission statement of Dwight Economic Alliance?
The Dwight Economic Alliance serves as a fundraising organization, with a primary focus on supporting community events. Its mission is to assist the community in hosting these events, thereby enhancing community engagement and interaction. By raising funds, the alliance aims to make these events more accessible and enjoyable for the community members. The organization's activities are geared towards fostering a sense of unity and camaraderie within the community through these events.
Who is the CEO of Dwight Economic Alliance?
Kevin Mcnamara is the Sec/Treasury of Dwight Economic Alliance.
What is the revenue of Dwight Economic Alliance?
Dwight Economic Alliance's revenue in 2020 was $92,062.
Who are the executives of Dwight Economic Alliance and what are their salaries?
There 15 volunteers at Dwight Economic Alliance.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Dwight Economic Alliance?
Dwight Economic Alliance's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Dwight Economic Alliance
The Dwight Economic Alliance is a nonprofit organization dedicated to raising funds for the purpose of supporting community events. Its mission is to facilitate the occurrence of community events and contribute to the well-being of the community as a whole. By raising funds, the alliance aims to ensure that these events can take place, thereby fostering a sense of unity and togetherness within the community. The alliance's activities primarily revolve around fundraising, with the ultimate goal of enhancing community events and providing opportunities for the community to engage and connect.
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Impact
October, 2024
Dwight Economic Alliance significantly impacts the community by organizing and funding various events that enhance local engagement and cultural offerings. Through its initiatives, the organization fosters a vibrant social atmosphere in Dwight, Illinois, allowing residents to come together, participate in arts and entertainment, and strengthen community bonds. The efforts of the Alliance not only provide entertainment but also promote local talent and businesses, creating a ripple effect that benefits the entire community. By facilitating these events, the Alliance plays a crucial role in enriching the quality of life in Dwight, ensuring residents have access to diverse experiences that support arts and community spirit.
This information is meant to be a general summary of Dwight Economic Alliance. 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 2020.
- Gross Receipts: $121,597
Assets and Liabilities:
- Total Assets: $106,814
- Total Liabilities: $404
- Net Assets: $106,410
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Organization Details
Founding Year
1998
Phone
(815) 584-3077Principal Officer
Kevin Mcnamara
Main Address
119 W MAIN ST, DWIGHT, IL, 60420
NTEE Category
Code: A80 - Arts
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