Albia Area Improvement Association

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 421218704 ✦ Albia, IA ✦ Designated as a 501(c)(3)

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Overview

What is Albia Area Improvement Association?

The Albia Area Improvement Association is a nonprofit organization located at 1 Benton Avenue West, Albia, Iowa 52531. Their primary focus is on the historical preservation of buildings in the Albia community and enhancing the overall beauty of the town. By renting out a renovated building and investing in other historical preservation projects within the Albia Historical District, they contribute to maintaining the city's heritage and charm.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)

The Albia Area Improvement Association has received a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The organization achieved a perfect score in multiple categories, showcasing excellent governance practices, such as having a fully independent board and a comprehensive conflict of interest policy.

With a program expense ratio of 100%, all funds are directed towards its mission, indicating a robust approach to resource allocation. Additionally, the absence of any material diversion of assets and a favorable liabilities-to-assets ratio further emphasize its financial stability. These factors contribute to the nonprofit's credibility and effectiveness in serving the community.

While the organization excels in accountability and finance metrics, it's important to note that this rating is based solely on these areas. Potential donors and stakeholders may want to consider other aspects, such as program impact and community engagement, when evaluating the overall effectiveness of the Albia Area Improvement Association.


This AI summary has been generated from information found on Charity Navigator.

Is Albia Area Improvement Association legitimate?

Albia Area Improvement Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Albia Area Improvement 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Albia Area Improvement Association?

The Albia Area Improvement Association is dedicated to preserving the historical buildings within its community and enhancing the aesthetic appeal of the area. This mission is carried out through the preservation of historical buildings and the beautification of the community. The association also engages in the rental of renovated buildings and other expenditures related to historical preservation within the city's historical district.

Who is the CEO of Albia Area Improvement Association?

Dan Tometich is the President of Albia Area Improvement Association.

What is the revenue of Albia Area Improvement Association?

Albia Area Improvement Association's revenue in 2022 was $77,824.

Who are the executives of Albia Area Improvement Association and what are their salaries?

There 2 volunteers at Albia Area Improvement Association.


Here are 4 key members and their salaries:


Dan Stocker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ray Davis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Tometich (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Loren Pence (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Albia Area Improvement Association?

Albia Area Improvement Association's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Albia Area Improvement Association

The Albia Area Improvement Association is dedicated to preserving the historical buildings within its community and enhancing the aesthetic appeal of Albia, Iowa. This nonprofit organization's mission is multifaceted, encompassing both the conservation of historical structures and the overall improvement of the community's visual appeal. By renting out renovated buildings and investing in other historical preservation projects within the city's historical district, the Albia Area Improvement Association contributes significantly to preserving the rich history and architectural heritage of the area.

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Impact




August, 2024

Albia Area Improvement Association's impact can be seen in the revitalization and preservation of historical buildings in the community of Albia, Iowa. Through their efforts, they contribute to the beautification of Albia, ensuring that significant structures are renovated and maintained for future generations to appreciate. Additionally, their rental of renovated buildings helps support ongoing historical preservation efforts in the city's historical district. Overall, their work plays a crucial role in enhancing the aesthetic appeal and cultural richness of the Albia community.




This information is meant to be a general summary of Albia Area Improvement 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.

Revenue
$77,824 (2022)
Expenses
$33,479 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $48,669
  • Program Service Revenue: $3,679
  • Gross Receipts: $151,727

Assets and Liabilities:

  • Total Assets: $1,206,613
  • Total Liabilities: $0
  • Net Assets: $1,206,613

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM SERVICE FEE RE

Revenue

$3,679

Organization Details

Founding Year

1981

Principal Officer

Dan Tometich

Main Address

1 BENTON AVENUE WEST, ALBIA, IA, 52531

NTEE Category

Code: S20 - Community improvement

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