Overview
What is Downtown Madison Inc?
Downtown Madison Inc, based at 122 W Washington Avenue, Madison, Wisconsin, is a nonprofit organization dedicated to enhancing the livability, workability, and visitability of Downtown Madison. With over 500 members, the organization serves as a connection hub for various stakeholders, including businesses, residents, employees, and visitors. The mission of Downtown Madison Inc is to make the central city a more inclusive, equitable, vibrant, and economically strong place to live, work, and visit. Members enjoy free educational presentations and networking opportunities through two monthly member programs and a newsletter. Additionally, Downtown Madison Inc collaborates with the Central Business Improvement District to promote the downtown retail area. The organization currently employs 17 individuals.
Official website here: www.downtownmadison.org
Is Downtown Madison Inc legitimate?
Downtown Madison Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Downtown Madison 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: $160,598
Professional Fundraising Fees: $0
Other Salaries and Wages: $277,460
For more financial information, click here
Official website here: www.downtownmadison.org
What is the mission statement of Downtown Madison Inc?
Downtown Madison Inc's mission is to transform the downtown area into a more inclusive, equitable, vibrant, and economically robust location for living, working, and visiting. The organization aims to represent the interests of businesses, residents, employees, and visitors to enhance the central city's appeal. Downtown Madison Inc connects its partners to improve the downtown area, offering educational presentations and networking opportunities through two free monthly member programs. Members also receive a monthly e-newsletter, and the organization collaborates with the Central Business Improvement District to promote the downtown retail area.
Official website here: www.downtownmadison.org
What is the revenue of Downtown Madison Inc?
Downtown Madison Inc's revenue in 2024 was $731,298.
Official website here: www.downtownmadison.org
Who are the executives of Downtown Madison Inc and what are their salaries?
The average compensation at Downtown Madison Inc during 2024 was $54,757. There are 8 employees and 30 volunteers at Downtown Madison Inc.
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- Compensation: $145,087
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- Other: $15,510
Official website here: www.downtownmadison.org
Where can I find the form 990 for Downtown Madison Inc?
Downtown Madison Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.downtownmadison.org
Learn more at the official website: www.downtownmadison.org
Mission Statement of Downtown Madison Inc
Downtown Madison Inc, a prominent organization, is dedicated to transforming Downtown Madison into a more inclusive, equitable, vibrant, and economically strong district that serves as an appealing place for residents, workers, and visitors alike. Their mission is to represent the interests of businesses, residents, employees, and visitors in the central city, fostering a collaborative environment that benefits all partners. By connecting downtown partners, Downtown Madison Inc aims to enhance the overall appeal and appeal of Downtown Madison, making it an attractive destination for living, working, shopping, and visiting. The organization boasts over 500 members who enjoy the benefits of two free monthly member programs, which offer educational presentations and networking opportunities. Additionally, members receive a monthly e-newsletter, furthering their involvement and connection to the downtown community. Downtown Madison Inc also collaborates with Madison's Central Business Improvement District to promote the downtown retail area, ensuring the district's continued growth and success.
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Impact
October, 2024
Downtown Madison Inc actively shapes the landscape of Downtown Madison, making it a more inclusive, equitable, vibrant, and economically robust destination for living, working, and visiting. By representing the interests of businesses, residents, employees, and visitors, DMI fosters a community that thrives on collaboration and mutual benefit.
With a network of over 500 members, DMI creates valuable connections across the downtown area, facilitating educational and networking opportunities through monthly programs. These initiatives not only enhance professional growth but also strengthen community ties.
DMI's efforts in promoting the downtown retail area, in partnership with Madison's Central Business Improvement District, contribute significantly to the local economy. Their commitment to community improvement ensures that Downtown Madison remains an attractive hub that encourages foot traffic and supports local businesses.
Overall, Downtown Madison Inc plays a crucial role in driving the vibrancy and inclusivity of the area, making it a desirable place for everyone.
This information is meant to be a general summary of Downtown Madison 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 2024.
- Investment Income: $3,429
- Program Service Revenue: $314,027
- Gross Receipts: $775,806
Assets and Liabilities:
- Total Assets: $476,035
- Total Liabilities: $98,245
- Net Assets: $377,790
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$278,215
CONSULTING FEES
Revenue
$35,812
Organization Details
Founding Year
1982
Principal Officer
Jason Ilstrup
Website
www.downtownmadison.orgNTEE Category
Code: S31 - Community improvement
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