Overview
What is Community Betterment Organization?
The Community Betterment Organization (CBO) is a nonprofit established to enhance the charm of Pella, Iowa, by supporting Central College, the city, and the Pella Regional Health Center. They have played a significant role in improving the city's appeal by offering desirable amenities, such as the construction and maintenance of a building as part of a larger downtown development project. This project, initiated by the city of Pella, aimed to attract businesses and residents to the area by incorporating a hotel, business spaces, restaurant areas, and entertainment attractions. CBO's contribution to the project involved the operation of this building, which houses a three-screen movie theater and a restaurant. In 2012, the organization invested in new projection equipment to upgrade the movie theater to digital capabilities, funding the project through grants and a loan. This upgrade has continued to serve the organization's exempt purpose of enhancing community amenities. Additionally, CBO is responsible for paying property taxes, insurance, and repairs for the building. In summary, the Community Betterment Organization plays a vital role in shaping the city of Pella by improving its infrastructure and offering enjoyable community spaces.
Is Community Betterment Organization legitimate?
Community Betterment Organization is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Betterment Organization 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
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What is the mission statement of Community Betterment Organization?
The Community Betterment Organization (CBO) was established with the aim to support educational institutions, communities, and healthcare centers. Its mission is to engage in activities that these entities would undertake independently, but for the existence of CBO. One of its key objectives is to enhance the appeal of small towns as living and business destinations by providing desirable amenities. The organization's endeavors are geared towards enriching the overall quality of life in these communities.
Who is the CEO of Community Betterment Organization?
Adam Farver is the Director of Community Betterment Organization.
What is the revenue of Community Betterment Organization?
Community Betterment Organization's revenue in 2022 was $666,566.
Who are the executives of Community Betterment Organization and what are their salaries?
Here are 5 key members and their salaries:
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- Related: $174,193
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- Related: $274,232
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Where can I find the form 990 for Community Betterment Organization?
Community Betterment Organization's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Community Betterment Organization
The Community Betterment Organization (CBO) was established with a mission to support central colleges, cities, and healthcare centers by engaging in activities that these entities would typically undertake on their own, if not for the presence of CBO. One of its primary goals is to enhance the living and business environment of small towns, making them more appealing by providing desirable amenities. In essence, CBO serves as a catalyst for community development and improvement, contributing to the overall well-being of its constituents.
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Impact
October, 2024
The Community Betterment Organization (CBO) has significantly enhanced the desirability of living and conducting business in Pella, Iowa, by focusing on strategic projects that benefit the community. One of its notable achievements is its involvement in the Downtown Project, which aimed to revitalize the city's downtown area and attract new businesses and residents.
The CBO operates a multi-purpose building that houses a three-screen movie theater and a restaurant. This facility not only provides entertainment options for residents but also draws visitors to the area, boosting local commerce and creating a vibrant community atmosphere. In 2012, the CBO invested in the modernization of the theater by upgrading to digital projection equipment, with a total investment of $199,077 funded through grants and loans. This upgrade has further enhanced the community’s cultural offerings and positioned the theater as a centerpiece for community gatherings.
Moreover, the ongoing maintenance and operation of the building reflect CBO's commitment to sustaining the improvements it has made. The organization’s efforts contribute to not just physical enhancements but also to fostering a sense of community and engagement among residents. CBO's initiatives play a crucial role in shaping Pella as a thriving small town, making it an attractive place for families, businesses, and visitors alike.
This information is meant to be a general summary of Community Betterment Organization. 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: $966
- Program Service Revenue: $15,600
- Gross Receipts: $666,566
Assets and Liabilities:
- Total Assets: $2,805,481
- Total Liabilities: $0
- Net Assets: $2,805,481
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$15,600
Organization Details
Founding Year
2000
Phone
(641) 621-6224Principal Officer
Adam Farver
Main Address
617 FRANKLIN PLACE 200, PELLA, IA, 50219
NTEE Category
Code: S123 - Community improvement
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