Overview
What is Downtown Sacramento Foundation?
The Downtown Sacramento Foundation is a nonprofit organization that wholeheartedly welcomes dreamers. Their primary mission is to foster and nurture the entrepreneurial spirit in Sacramento, ultimately serving as a catalyst for the development of the city's upcoming visionaries. By creating a supportive community, they aim to cultivate the next generation of innovators and dreamers.
Official website here: www.downtownsac.org/about/dsf/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating.
The Downtown Sacramento Foundation has received a strong rating due to its excellent performance in accountability and finance, which is the sole factor for its evaluation. The organization boasts a 100% independent board, with six members, and has shown no material diversion of assets. Its program expense ratio of 92.84% indicates a high commitment to utilizing funds for its programs, ensuring that the majority of resources are directed toward its mission.
The foundation's governance policies are mostly in place, with notable strengths such as a whistleblower policy and documented board meeting minutes. However, it lacks a conflict of interest policy, which detracts from its overall accountability score. Despite this limitation, the foundation maintains an efficient financial structure with a liabilities-to-assets ratio of only 1.41%, demonstrating sound financial health.
Overall, the Downtown Sacramento Foundation is positioned as a financially responsible and accountable nonprofit, with its strengths outweighing the noted gap in governance policies. Its high program expense ratio reflects a dedication to impactful community services, making it a reputable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Downtown Sacramento Foundation legitimate?
Downtown Sacramento Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Sacramento Foundation submitted a form 990EZ, 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.
Official website here: www.downtownsac.org/about/dsf/
What is the mission statement of Downtown Sacramento Foundation?
The Downtown Sacramento Foundation's mission is centered around welcoming dreamers and fostering an entrepreneurial spirit in the community. Their objective is to nurture the next generation of innovative thinkers and business leaders. By building a community, they aim to provide a platform that encourages and supports these aspirations.
Official website here: www.downtownsac.org/about/dsf/
Who is the CEO of Downtown Sacramento Foundation?
Unavailable
Official website here: www.downtownsac.org/about/dsf/
What is the revenue of Downtown Sacramento Foundation?
Downtown Sacramento Foundation's revenue in 2022 was $150,011.
Official website here: www.downtownsac.org/about/dsf/
Who are the executives of Downtown Sacramento Foundation and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.downtownsac.org/about/dsf/
Where can I find the form 990EZ for Downtown Sacramento Foundation?
Downtown Sacramento Foundation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.downtownsac.org/about/dsf/
Learn more at the official website: www.downtownsac.org/about/dsf/
Mission Statement of Downtown Sacramento Foundation
The Downtown Sacramento Foundation, with a welcoming attitude towards dreamers, aims to establish a community that nurtures and strengthens Sacramento's entrepreneurial spirit. This nonprofit organization is committed to cultivating the next generation of visionaries by fostering an environment that encourages innovation and creativity. By doing so, the Downtown Sacramento Foundation seeks to contribute to the growth and development of the community, ultimately empowering individuals to realize their dreams and aspirations.
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Impact
October, 2024
The Downtown Sacramento Foundation fosters a vibrant community by championing Sacramento’s entrepreneurial spirit and nurturing the next generation of innovators. By creating a welcoming environment for dreamers, the foundation plays a crucial role in enhancing local economic development and encouraging creative endeavors. Its initiatives not only support aspiring entrepreneurs but also contribute to the overall vitality of Sacramento, making it a hub for collaboration and growth. Through various programs and events, the foundation empowers individuals to turn their ideas into reality, ultimately influencing the city's cultural and economic landscape.
This information is meant to be a general summary of Downtown Sacramento Foundation. 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.
- Gross Receipts: $150,146
Assets and Liabilities:
- Total Assets: $314,321
- Total Liabilities: $5,401
- Net Assets: $308,920
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Organization Details
Phone
(916) 442-8575Main Address
980 9TH STREET 200, SACRAMENTO, CA, 958142719
NTEE Category
Code: T30 - Philanthropy
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