Overview
What is Downers Grove Downtown Management Corporation?
Downers Grove Downtown Management Corporation is a nonprofit organization situated in Downers Grove, Illinois, specifically at 933A Curtiss Street. Their primary mission is to foster the growth and expansion of businesses and enhance the property value within the Special Service Area Number Eleven in Downers Grove. They achieve this objective through a variety of promotional events, with the main event being the annual Fine Arts Festival in September. The corporation, consisting of three employees, works tirelessly to create an appealing retail shopping and service environment, thereby increasing activity within the designated area.
Official website here: www.downtowndg.org
What do the Facebook reviews say about Downers Grove Downtown Management Corporation?
92% of 57 reviewers on Facebook recommend the Downers Grove Downtown Management Corporation. Here is a summary of their reviews:
The nonprofit is appreciated for fostering a welcoming community atmosphere, with many reviewers highlighting the charm of the town and the friendly nature of its residents. This positivity suggests that the organization effectively contributes to the overall enjoyment and livability of the downtown area.
People seem to value the sense of community that Downers Grove Downtown Management Corporation promotes, indicating that its initiatives are well-received and impactful in enhancing local engagement and pride. The reviews reflect a strong appreciation for the efforts made in nurturing this cozy environment.
This AI summary has been generated from reviews found on Facebook.
Is Downers Grove Downtown Management Corporation legitimate?
Downers Grove Downtown Management Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Downers Grove Downtown Management Corporation 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: $80,041
Professional Fundraising Fees: $0
Other Salaries and Wages: $23,958
For more financial information, click here
Official website here: www.downtowndg.org
What is the mission statement of Downers Grove Downtown Management Corporation?
The Downers Grove Downtown Management Corporation was established with the purpose of promoting the development and expansion of businesses and increasing the value of property. This organization operates within a specific service area, specifically number eleven in Downers Grove, Illinois. To achieve this, they organize various promotional events to create a favorable retail shopping and service business environment. The main event they host is the Fine Arts Festival, held annually in September. The ultimate goal is to increase activity within the designated service area.
Official website here: www.downtowndg.org
Who is the CEO of Downers Grove Downtown Management Corporation?
Erin Venezia is the Chairman of Downers Grove Downtown Management Corporation.
Official website here: www.downtowndg.org
What is the revenue of Downers Grove Downtown Management Corporation?
Downers Grove Downtown Management Corporation's revenue in 2022 was $478,456.
Official website here: www.downtowndg.org
Who are the executives of Downers Grove Downtown Management Corporation and what are their salaries?
The average compensation at Downers Grove Downtown Management Corporation during 2022 was $34,666. There are 3 employees and 8 volunteers at Downers Grove Downtown Management Corporation.
Here are 9 key members and their salaries:
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- Compensation: $71,600
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- Other: $8,441
Official website here: www.downtowndg.org
Where can I find the form 990 for Downers Grove Downtown Management Corporation?
Downers Grove Downtown Management Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.downtowndg.org
Learn more at the official website: www.downtowndg.org
Mission Statement of Downers Grove Downtown Management Corporation
Downers Grove Downtown Management Corporation, established with a specific purpose, aims to foster the growth and expansion of businesses and enhance the value of properties. This nonprofit organization operates within a designated Special Service Area in Downers Grove, Illinois. Their mission is implemented through various promotional events, with the primary goal of creating an appealing retail and service business environment within this area. This initiative is intended to boost activity and attract more businesses to the specified region. The organization's most prominent event is the annual Fine Arts Festival held in September, contributing to the overall development and enhancement of the area.
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Impact
October, 2024
The Downers Grove Downtown Management Corporation plays a pivotal role in enhancing the local economy and community by promoting business development and property valuation within Special Service Area Number Eleven in Downers Grove, Illinois. By organizing various promotional events, such as the annual Fine Arts Festival, the organization creates a vibrant retail shopping and service environment that attracts visitors and encourages local spending. This increased activity not only benefits individual businesses but also contributes to the overall prosperity of the downtown area, fostering a sense of community and improving the quality of life for residents. Through its efforts, the corporation helps to cultivate a favorable atmosphere for commerce, ultimately driving growth and revitalization in the heart of Downers Grove.
This information is meant to be a general summary of Downers Grove Downtown Management Corporation. 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 2022.
- Investment Income: $17
- Program Service Revenue: $77,074
- Gross Receipts: $478,456
Assets and Liabilities:
- Total Assets: $374,543
- Total Liabilities: $350
- Net Assets: $374,193
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$36,078
GIFT CERTIFICATE INCOM
Revenue
$32,381
FAF ARTIST INCOME
Revenue
$8,615
Organization Details
Founding Year
1999
Phone
(630) 725-0991Principal Officer
Erin Venezia
Main Address
933A CURTISS STREET, DOWNERS GROVE, IL, 60515
Website
www.downtowndg.orgNTEE Category
Code: S41 - Community improvement
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