Overview
What is Los Banos Downtown Association?
The Los Banos Downtown Association is a nonprofit organization, specifically a Property Business Improvement District (PBID), established in Los Banos, California. Their primary mission is to improve, maintain, promote, and encourage the support and involvement in the downtown area of Los Banos city. This includes funding for enhancements and betterments of the downtown area to foster a thriving community. With a small team of four employees, the association works diligently to achieve these goals, contributing positively to the local economy and overall quality of life in the downtown district.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 55%, One-Star out of Four Stars
The Los Banos Downtown Association has received a low rating of 55%, which indicates several areas of concern regarding its accountability and financial practices. While the organization benefits from a fully independent board with strong metrics in board size and lack of material diversion of assets, critical governance policies are missing, resulting in significant deductions in their score.
The association excels in its program expense ratio, demonstrating a commitment to directing a high percentage of its resources toward programs rather than overhead. However, the financial health of the organization is troubling, as indicated by a liabilities-to-assets ratio of 364.20%, which raises questions about its financial sustainability and operational capacity.
Additionally, key transparency measures such as a conflict of interest policy, whistleblower policy, and proper documentation of board meeting minutes are absent. These deficiencies highlight a need for improvement in governance practices, which are crucial for building trust and accountability with stakeholders and donors.
This AI summary has been generated from information found on Charity Navigator.
Is Los Banos Downtown Association legitimate?
Los Banos Downtown Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Los Banos Downtown Association 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: $50,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $38,353
For more financial information, click here
What is the mission statement of Los Banos Downtown Association?
The Los Banos Downtown Association exists with the purpose of enhancing, maintaining, promoting, and encouraging support and involvement in the downtown area of a city. Their mission is primarily focused on boosting the downtown sector, aiming to foster a sense of community and engagement within it. The organization provides funding for improvements and betterment of the downtown area through a Property Business Improvement District (PBID).
Who is the CEO of Los Banos Downtown Association?
Sharon Silva is the Ceo of Los Banos Downtown Association. The CEO's salary of Los Banos Downtown Association is $50,200 and their total compensation is $50,200.
What is the revenue of Los Banos Downtown Association?
Los Banos Downtown Association's revenue in 2022 was $211,572.
Who are the executives of Los Banos Downtown Association and what are their salaries?
The average compensation at Los Banos Downtown Association during 2022 was $22,138. There are 4 employees at Los Banos Downtown Association.
Here are 10 key members and their salaries (Los Banos Downtown Association's CEO's salary is $50,200 and their total compensation is $50,200):
- Compensation: $50,200
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Los Banos Downtown Association?
Los Banos Downtown Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Los Banos Downtown Association
Los Banos Downtown Association, as a nonprofit organization, is dedicated to enhancing, maintaining, promoting, and encouraging support and involvement in the downtown area of the city. Their mission is multifaceted, aiming to improve the downtown sector in various aspects. They strive to boost the area's appeal, ensure its upkeep, and increase public engagement, all with the goal of fostering a strong and active downtown community. To achieve these objectives, they have established a Property Business Improvement District (PBID), which provides funding for improvements and betterments in the downtown area. This dedicated financial resource enables the association to invest in the district's growth and development, ultimately contributing to a more appealing and thriving downtown environment.
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Impact
October, 2024
The Los Banos Downtown Association plays a vital role in enhancing and maintaining the downtown area of Los Banos, California. By actively promoting local businesses and fostering community involvement, this organization encourages residents and visitors to engage with the vibrant heart of the city. The establishment of a Property Business Improvement District (PBID) enables targeted funding to improve public spaces, infrastructure, and overall aesthetics, leading to a more appealing and functional downtown environment. Through their efforts, the association not only strengthens the local economy but also cultivates a sense of pride among residents, enhancing community cohesion and encouraging collaboration for future developments.
This information is meant to be a general summary of Los Banos Downtown Association. 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.
- Program Service Revenue: $162,076
- Gross Receipts: $279,024
Assets and Liabilities:
- Total Assets: $13,558
- Total Liabilities: $6,637
- Net Assets: $6,921
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues & Assessments
Revenue
$325
PBID
Revenue
$161,751
Organization Details
Founding Year
2013
Phone
(209) 710-9022Principal Officer
Sharon Silva
Main Address
907 6th STREET, LOS BANOS, CA, 93635
NTEE Category
Code: S99 - Community improvement
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