Overview
What is Downtown Schenectady Improvement Corporation?
The Downtown Schenectady Improvement Corporation is a nonprofit organization situated at 143 State Street, Schnectady, New York 12305. Their primary goal is to elevate Downtown Schnectady as a primary destination for commerce, recreation, and residence. They accomplish this by improving, facilitating, and supporting economic growth in the area. A significant aspect of their mission involves maintaining the cleanliness and visual appeal of the downtown area, which they achieve through daily sidewalk maintenance, seasonal hanging baskets, landscaping, and winter holiday decorations. The corporation currently employs 19 individuals in their mission to enhance the overall appeal and economic vitality of Downtown Schnectady.
Official website here: www.downtownschenectady.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Downtown Schenectady Improvement Corporation has received a strong Four-Star rating from Charity Navigator, with a score of 92%. This rating reflects the organization's robust accountability and finance practices, which are crucial for ensuring transparency and effective use of funds. The high score indicates that the charity is well-managed, with an emphasis on maintaining a majority of independent board members and a low liabilities-to-assets ratio.
One of the strengths highlighted in the assessment is the organization's commitment to financial oversight, evidenced by its perfect scores in areas such as independent board size and material diversion of assets. Additionally, the program expense ratio is notably high at 94.73%, suggesting that a significant portion of its funds is directed towards its mission-related activities, which is a positive indicator for potential donors.
However, there are some areas for improvement, particularly concerning governance transparency. The organization lacks a whistleblower policy and has not posted its tax form on its website, which could raise concerns among stakeholders regarding its commitment to comprehensive accountability practices. Despite these limitations, the overall rating suggests that the Downtown Schenectady Improvement Corporation is a responsible and effective nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Downtown Schenectady Improvement Corporation?
86% of reviewers recommend the Downtown Schenectady Improvement Corporation based on their experiences. Here's a summary of their insights:
Many users appreciate the impact of the organization, particularly referencing its role in the ongoing #SchenectadyProject, which showcases significant progress in the area. Reviewers recognize the positive changes in the community attributed to the corporation's initiatives, indicating that the efforts to enhance downtown Schenectady are visible and valued by residents.
Overall, sentiment leans towards satisfaction, with individuals supporting the corporation's mission to revitalize and improve the downtown landscape, emphasizing the benefits brought to the local community.
This AI summary has been generated from reviews found on Facebook.
Is Downtown Schenectady Improvement Corporation legitimate?
Downtown Schenectady Improvement Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Schenectady Improvement 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: $117,081
Professional Fundraising Fees: $0
Other Salaries and Wages: $361,672
For more financial information, click here
Official website here: www.downtownschenectady.org
What is the mission statement of Downtown Schenectady Improvement Corporation?
The Downtown Schenectady Improvement Corporation's mission is centered around promoting Downtown Schenectady as a top-tier destination for commerce, recreation, and residence. They achieve this by enhancing, facilitating, and supporting economic growth in the area. Their efforts also include maintaining the cleanliness and visual appeal of the downtown area, as they believe this is crucial for overall redevelopment efforts. Daily sidewalk maintenance, seasonal hanging baskets, landscaping, and winter holiday decorations are some of the methods they employ to achieve this goal.
Official website here: www.downtownschenectady.org
Who is the CEO of Downtown Schenectady Improvement Corporation?
James Salengo is the Executive Di of Downtown Schenectady Improvement Corporation.
Official website here: www.downtownschenectady.org
What is the revenue of Downtown Schenectady Improvement Corporation?
Downtown Schenectady Improvement Corporation's revenue in 2022 was $791,188.
Official website here: www.downtownschenectady.org
Who are the executives of Downtown Schenectady Improvement Corporation and what are their salaries?
The average compensation at Downtown Schenectady Improvement Corporation during 2022 was $25,198. There are 19 employees at Downtown Schenectady Improvement Corporation.
Here are 10 key members and their salaries:
- Compensation: $106,406
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- Other: $10,676
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.downtownschenectady.org
Where can I find the form 990 for Downtown Schenectady Improvement Corporation?
Downtown Schenectady Improvement Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.downtownschenectady.org
Learn more at the official website: www.downtownschenectady.org
Mission Statement of Downtown Schenectady Improvement Corporation
The Downtown Schenectady Improvement Corporation, in its mission, aims to elevate Downtown Schenectady as a distinguished location for commerce, recreation, and residence. To achieve this goal, the organization focuses on enhancing, facilitating, and supporting economic growth in the area. This mission is carried out through various initiatives, one of which is environmental enhancement. The Corporation considers the cleanliness and visual appeal of Downtown Schenectady to be a fundamental aspect of all other redevelopment efforts within their district. They accomplish this by implementing daily sidewalk maintenance, installing seasonal hanging baskets, tending to landscaping, and decorating for winter holidays. This commitment to maintaining a visually appealing and clean downtown area is a testament to the Corporation's dedication to promoting Downtown Schenectady as a desirable location for commerce, recreation, and residence.
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Impact
October, 2024
Downtown Schenectady Improvement Corporation significantly impacts the city by enhancing the environment and promoting economic growth. Its commitment to maintaining cleanliness and visual appeal fosters an inviting atmosphere that attracts both businesses and visitors. Daily sidewalk maintenance, seasonal hanging baskets, landscaping, and festive holiday decorations contribute to the district's aesthetic charm, making it a desirable location for commerce, recreation, and residential life.
By revitalizing Downtown Schenectady, the organization not only improves the quality of life for residents but also supports local economic development. The efforts in beautification and upkeep help create a vibrant and attractive urban center, encouraging foot traffic, stimulating business activity, and ultimately fostering a sense of community pride. This holistic approach to urban improvement makes Downtown Schenectady a premier destination in the region.
This information is meant to be a general summary of Downtown Schenectady Improvement 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: $3,430
- Program Service Revenue: $449,858
- Gross Receipts: $825,628
Assets and Liabilities:
- Total Assets: $846,779
- Total Liabilities: $214,315
- Net Assets: $632,464
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSESSMENT REVENUE
Revenue
$330,000
LANDSCAPING SERVICES
Revenue
$49,020
TICKET SALES
Revenue
$40,520
OTHER INCOME
Revenue
$29,693
MARKETING PARTICIPATION
Revenue
$625
Organization Details
Founding Year
1978
Phone
(518) 377-9430Principal Officer
James Salengo
Main Address
143 STATE STREET, SCHENECTADY, NY, 12305
Website
www.downtownschenectady.orgNTEE Category
Code: S31 - Community improvement
If you are a representative of Downtown Schenectady Improvement Corporation 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.