Overview
What is Downtown Detroit Partnership Inc?
Downtown Detroit Partnership Inc is a committed nonprofit organization situated in Detroit, Michigan. Their primary mission is to boost Detroit's development and progress, benefiting businesses, residents, and visitors within the urban core. They accomplish this by driving various engagement, development, and program initiatives. In addition, they maintain a clean and inviting downtown area by providing daily clean-up services, such as sweeping streets, power-washing sidewalks, and removing graffiti. They collaborate with various partners, ensuring a balanced approach to creating a vibrant urban core for Detroit, adapting their initiatives to meet the evolving needs of the community.
Official website here: www.downtowndetroit.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star Rating
Downtown Detroit Partnership Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in the area of Accountability & Finance. This rating indicates that the organization has established a strong foundation in terms of governance, with 98% of its board members being independent and a well-structured audit and oversight committee. Additionally, it has demonstrated effective management of its financial resources, as evidenced by its high program expense ratio and low fundraising efficiency ratio.
The organization has policies in place for conflict of interest, whistleblower protections, and document retention, all of which contribute to its transparency and accountability. However, there are areas that could use improvement, particularly regarding its liabilities to assets ratio, which is relatively high at 66.91%. This figure suggests that the organization may face challenges in financial stability, which could be a concern for potential donors.
Overall, the Downtown Detroit Partnership Inc appears to operate with a commitment to governance and financial responsibility. While it excels in several key areas, addressing its liabilities could further enhance its financial health and overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Downtown Detroit Partnership Inc legitimate?
Downtown Detroit Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Detroit Partnership Inc 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: $737,098
Professional Fundraising Fees: $0
Other Salaries and Wages: $836,698
For more financial information, click here
Official website here: www.downtowndetroit.org
What is the mission statement of Downtown Detroit Partnership Inc?
The mission of Downtown Detroit Partnership Inc is centered around advancing the city by fostering engagement, development, and programs that benefit businesses, residents, and visitors in the urban core. They strengthen and support the downtown area through strategic initiatives and programs that adapt to the evolving needs of the community. By convening business, philanthropic, and government partners, Downtown Detroit Partnership Inc ensures a balanced approach in creating a vibrant urban core for the city, considering various perspectives throughout the process.
Official website here: www.downtowndetroit.org
Who is the CEO of Downtown Detroit Partnership Inc?
Eric B Larson is the CEO of Downtown Detroit Partnership Inc The CEO's salary of Downtown Detroit Partnership Inc is $528,576 and their total compensation is $550,721.
Official website here: www.downtowndetroit.org
What is the revenue of Downtown Detroit Partnership Inc?
Downtown Detroit Partnership Inc's revenue in 2023 was $10,059,776.
Official website here: www.downtowndetroit.org
Who are the executives of Downtown Detroit Partnership Inc and what are their salaries?
There 53 volunteers at Downtown Detroit Partnership Inc.
Here are 60 key members and their salaries (Downtown Detroit Partnership Inc's CEO's salary is $528,576 and their total compensation is $550,721):
- Compensation: $528,576
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- Other: $22,145
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- Compensation: $209,800
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- Other: $46,542
- Compensation: $153,778
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- Compensation: $137,826
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- Other: $24,531
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- Related: $90,393
- Other: $0
Official website here: www.downtowndetroit.org
Where can I find the form 990 for Downtown Detroit Partnership Inc?
Downtown Detroit Partnership Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.downtowndetroit.org
Learn more at the official website: www.downtowndetroit.org
Mission Statement of Downtown Detroit Partnership Inc
Downtown Detroit Partnership Inc, a prominent organization, is dedicated to enhancing Detroit by fostering engagement, development, and programs that benefit businesses, residents, and visitors within the urban core. Their mission is to drive progress in the downtown area by strategically initiating and supporting projects that respond to the evolving needs of the community. The partnership convenes various stakeholders, including businesses, philanthropic organizations, and government entities, to ensure a balanced approach to creating a vibrant urban center for Detroit. By considering diverse perspectives, Downtown Detroit Partnership Inc aims to contribute positively to the growth and well-being of the city's downtown district.
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Impact
July, 2024
Downtown Detroit Partnership Inc's impact is significant in advancing Detroit by driving engagement, development, and programs that benefit businesses, residents, and visitors throughout the downtown's urban core. One of the notable projects they undertake is the Clean Downtown initiative, which aims to maintain a high standard of cleanliness for downtown Detroit. This involves daily cleanup activities within the downtown freeway system and neighboring districts, where uniformed Goodwill Industries workers sweep streets, power-wash sidewalks, clear trash, and remove graffiti to keep the city clean and inviting. Through strategic initiatives and programs that evolve with the changing needs of the community, Downtown Detroit Partnership Inc strengthens and supports downtown Detroit, convening business, philanthropic, and government partners to ensure a vibrant urban core for the city. Their efforts in community improvement are vital in fostering a positive environment for all stakeholders in the area.
This information is meant to be a general summary of Downtown Detroit Partnership Inc. 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: $9,241
- Program Service Revenue: $2,650,660
- Gross Receipts: $10,059,776
Assets and Liabilities:
- Total Assets: $3,938,361
- Total Liabilities: $2,635,448
- Net Assets: $1,302,913
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEE FOR SERVICE
Revenue
$2,397,290
IKE REVENUE
Revenue
$138,333
EVENT INCOME
Revenue
$112,502
MISC REVENUE
Revenue
$2,535
Organization Details
Founding Year
1998
Principal Officer
Eric B Larson
Website
www.downtowndetroit.orgNTEE Category
Code: S20 - Community improvement
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