Overview
What is Downtown Taunton Foundation Inc?
Downtown Taunton Foundation Inc is a dedicated nonprofit organization situated in Taunton, Massachusetts, at 8 TRESCOTT STREET. Their primary mission is to foster growth and enhance the overall quality of life in the downtown area. They achieve this through various initiatives, including promoting arts and cultural programming, encouraging creative economic development, and undertaking housing and mixed-use real estate projects. This nonprofit organization is committed to revitalizing its community and improving the living conditions of its residents.
Official website here: www.downtowntaunton.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, earning a Two-Star out of Four Star rating.
The Downtown Taunton Foundation Inc has received a moderate rating from Charity Navigator, indicating an average level of accountability and financial health. With a strong independent board composition, the foundation demonstrates good governance practices, including no material diversion of assets. However, the organization has notable weaknesses in its policies, particularly the absence of a conflict of interest policy, whistleblower policy, and document retention policy.
While the foundation allocates a significant portion of its budget to programs, achieving a program expense ratio of 68.19%, it falls short in transparency by not posting its tax forms on its website. The overall performance suggests potential for improvement in governance practices, which could enhance its credibility and trust with stakeholders. Addressing these limitations could strengthen the foundation's impact in the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Downtown Taunton Foundation Inc legitimate?
Downtown Taunton Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Taunton Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,948
For more financial information, click here
Official website here: www.downtowntaunton.org
What is the mission statement of Downtown Taunton Foundation Inc?
The Downtown Taunton Foundation Inc is committed to fostering growth and enhancing the quality of life in various sectors. This is achieved through initiatives such as arts and cultural programming, creative economic development, and housing and mixed-use real estate projects. By implementing these strategies, the organization aims to revitalize and uplift the community, ultimately improving its overall well-being.
Official website here: www.downtowntaunton.org
Who is the CEO of Downtown Taunton Foundation Inc?
Mike Wedge is the President of Downtown Taunton Foundation Inc.
Official website here: www.downtowntaunton.org
What is the revenue of Downtown Taunton Foundation Inc?
Downtown Taunton Foundation Inc's revenue in 2020 was -$125,411.
Official website here: www.downtowntaunton.org
Who are the executives of Downtown Taunton Foundation Inc and what are their salaries?
Here are 11 key members and their salaries:
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Official website here: www.downtowntaunton.org
Where can I find the form 990 for Downtown Taunton Foundation Inc?
Downtown Taunton Foundation Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.downtowntaunton.org
Learn more at the official website: www.downtowntaunton.org
Mission Statement of Downtown Taunton Foundation Inc
The Downtown Taunton Foundation Inc is dedicated to driving growth and enhancing the overall quality of life in Downtown Taunton, Massachusetts. They achieve this by focusing on various initiatives, such as arts and cultural programming, creative economic development, and housing and mixed-use real estate projects. By engaging in these activities, the organization aims to foster a vibrant and thriving community. The Downtown Taunton Foundation Inc's mission is to stimulate growth and improve the livelihood of the local residents, ensuring that Downton Taunton becomes a hub for cultural activities and economic advancement.
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Impact
October, 2024
The Downtown Taunton Foundation Inc significantly enhances the vibrancy and livability of downtown Taunton, Massachusetts. By focusing on a diverse range of initiatives, it fosters artistic expression and cultural engagement, enriching the community's cultural landscape. Through arts and cultural programming, it provides opportunities for residents and visitors to participate in and enjoy local artistic endeavors, thereby strengthening communal bonds.
Additionally, the foundation stimulates creative economic development, attracting businesses and encouraging entrepreneurship, which in turn boosts the local economy. Its commitment to housing and mixed-use real estate projects addresses the need for diverse living options, promoting a sense of community and accessibility. Overall, the foundation's efforts lead to improved quality of life, making downtown Taunton a more attractive place to live, work, and visit.
This information is meant to be a general summary of Downtown Taunton Foundation 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 2020.
- Investment Income: -$197,177
- Program Service Revenue: $26,690
- Gross Receipts: $352,132
Assets and Liabilities:
- Total Assets: $30,914
- Total Liabilities: $3,498
- Net Assets: $27,416
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENTS
Revenue
$26,690
Organization Details
Founding Year
2011
Phone
(508) 824-0484Principal Officer
Mike Wedge
Main Address
8 TRESCOTT STREET, TAUNTON, MA, 02780
Website
www.downtowntaunton.orgNTEE Category
Code: S31 - Community improvement
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