Overview
What is Woodward Dream Cruise Inc?
Woodward Dream Cruise Inc is a nonprofit organization based in Troy, Michigan, specifically at 1200 KIRTS BOULEVARD 100. Its primary mission is to boost the visibility of the Woodward Avenue corridor, showcasing its businesses and residential communities in the participating cities of Berkley, Birmingham, Bloomfield Hills, Bloomfield Township, Ferndale, Huntington Woods, Pleasant Ridge, Pontiac, and Royal Oak. The organization achieves this by coordinating an annual event in August, which celebrates the automobile cruising era of the 1950's and 1960's. By promoting this event, Woodward Dream Cruise Inc aims to support and enhance the local communities along the Woodward Avenue corridor.
Official website here: www.woodwarddreamcruise.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star Rating)
Woodward Dream Cruise Inc has received an 88% score, which translates to a Three-Star rating, primarily reflecting its strong performance in accountability and finance. The charity boasts a fully independent board with all members meeting the criteria for independence. Additionally, it has demonstrated excellent financial oversight, with no material diversion of assets reported and a high program expense ratio of 78.40%.
While the organization performs well in many areas, there are notable limitations in its governance practices. Specifically, it is missing critical policies such as a whistleblower policy and document retention and destruction policy. Furthermore, the nonprofit has not posted its tax form on its website, which could impact transparency efforts and could leave potential donors seeking more information.
Overall, while Woodward Dream Cruise Inc showcases strong financial health and accountability, addressing its governance gaps could enhance its transparency and trustworthiness in the eyes of stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Woodward Dream Cruise Inc legitimate?
Woodward Dream Cruise Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Woodward Dream Cruise 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.
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For more financial information, click here
Official website here: www.woodwarddreamcruise.com
What is the mission statement of Woodward Dream Cruise Inc?
The mission of Woodward Dream Cruise Inc is centered around promoting and increasing the visibility of the Woodward Avenue corridor. This includes highlighting the businesses and residential communities in the participating cities of Berkley, Birmingham, Bloomfield Hills, Bloomfield Township, Ferndale, Huntington Woods, Pleasant Ridge, Pontiac, and Royal Oak, Michigan. The organization achieves this by coordinating an annual event in August, celebrating the automobile cruising era of the 1950s and 1960s. Their goal is to showcase the charm and appeal of this historical era and the communities it represents. The event serves as a platform to bring together car enthusiasts and the general public, fostering a sense of community and appreciation for the automotive history and culture.
Official website here: www.woodwarddreamcruise.com
Who is the CEO of Woodward Dream Cruise Inc?
Anthony Michaels is the Principal Officer of Woodward Dream Cruise Inc.
Official website here: www.woodwarddreamcruise.com
What is the revenue of Woodward Dream Cruise Inc?
Woodward Dream Cruise Inc's revenue in 2022 was $519,495.
Official website here: www.woodwarddreamcruise.com
Who are the executives of Woodward Dream Cruise Inc and what are their salaries?
Here are 15 key members and their salaries:
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Official website here: www.woodwarddreamcruise.com
Where can I find the form 990 for Woodward Dream Cruise Inc?
Woodward Dream Cruise Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.woodwarddreamcruise.com
Learn more at the official website: www.woodwarddreamcruise.com
Mission Statement of Woodward Dream Cruise Inc
Woodward Dream Cruise Inc, a notable organization, is committed to enhancing the visibility of the Woodward Avenue corridor. This thoroughfare, located in the participating communities of Berkley, Birmingham, Bloomfield Hills, Bloomfield Township, Ferndale, Huntington Woods, Pleasant Ridge, Pontiac, and Royal Oak, Michigan, is home to a variety of businesses and residential communities. The primary mission of Woodward Dream Cruise Inc is to showcase and elevate the profile of this corridor, thereby fostering a sense of unity and pride among its residents and businesses.
In pursuit of this goal, Woodward Dream Cruise Inc coordinates an annual event in August. This event, which celebrates the automobile cruising era of the 1950s and 1960s, serves as a platform to showcase the vintage vehicles that were synonymous with this era. By doing so, the organization not only highlights the rich automotive heritage of these communities but also provides an opportunity for residents and visitors to come together and enjoy a shared experience. This event, in turn, contributes to the overall growth and development of the Woodward Avenue corridor, making it a more vibrant and attractive destination.
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Impact
July, 2024
Woodward Dream Cruise Inc's impact is focused on promoting and creating greater visibility of the Woodward Avenue corridor, highlighting its businesses and residential communities in several Michigan cities such as Berkley, Birmingham, Bloomfield Hills, Ferndale, and Royal Oak. The organization's primary focus is to coordinate an annual event in August that celebrates the automobile cruising era of the 1950s and 1960s, attracting car enthusiasts and spectators from all over.
Through this event and their ongoing efforts, Woodward Dream Cruise Inc plays a significant role in boosting tourism, supporting local businesses, and fostering community pride in the participating cities. Additionally, by promoting the historic significance of Woodward Avenue and its connection to the automotive industry, the organization contributes to preserving and honoring this cultural heritage.
This information is meant to be a general summary of Woodward Dream Cruise 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 2022.
- Investment Income: $12
- Gross Receipts: $551,734
Assets and Liabilities:
- Total Assets: $134,081
- Total Liabilities: $0
- Net Assets: $134,081
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Organization Details
Founding Year
1996
Phone
(248) 362-4242Principal Officer
Anthony Michaels
Main Address
1200 KIRTS BOULEVARD 100, TROY, MI, 480844838
Website
www.woodwarddreamcruise.comNTEE Category
Code: T123 - Philanthropy
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