Overview
What is Summerville Dream Inc?
Summerville Dream Inc, a 501(C)(3) organization located at 100 South Main Street H, Summerville, SC 29483, is committed to enhancing the quality of life in Summerville. They achieve this by focusing on the aesthetic, cultural, social, and economic aspects of the downtown area, while preserving its historical identity. The organization promotes downtown revitalization through various initiatives, such as event coordination, business education, advocacy, beautification projects, tourism promotion, and marketing historic downtown Summerville to both residents and guests. Summerville Dream Inc is particularly renowned for hosting the Sweet Tea Festival, a celebration of the birthplace of sweet tea, transforming the downtown area into a vibrant open house and street fair. This event features multiple food trucks, artisanal vendors, and entertainment, with attendees having the opportunity to vote for their favorite sweet tea. The organization currently employs 25 individuals.
Official website here: www.summervilledream.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63%, Two-Star out of Four Star Rating
Summerville Dream Inc has received a Two-Star rating from Charity Navigator, reflecting a score of 63%. This rating indicates that while there are some strengths, there are significant areas for improvement, particularly in accountability and financial transparency. The charity's board is entirely independent, demonstrating strong governance with full points awarded in sections related to board independence and the absence of material diversion of assets.
However, the organization has notable weaknesses, particularly regarding missing policies such as whistleblower and document retention policies, which resulted in zero points in those areas. Additionally, the nonprofit has not posted its tax documents on its website, further impacting its transparency score. The program expense ratio is relatively low at 54.17%, suggesting that a substantial portion of funds may not be directed toward program services, which is a common concern for potential donors.
Overall, while Summerville Dream Inc maintains a fully independent board and demonstrates some positive governance practices, the lack of essential policies and transparency measures could deter potential supporters. Addressing these gaps would enhance their credibility and financial accountability in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Summerville Dream Inc legitimate?
Summerville Dream Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Summerville Dream 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: $49,940
Professional Fundraising Fees: $0
Other Salaries and Wages: $53,888
For more financial information, click here
Official website here: www.summervilledream.org
What is the mission statement of Summerville Dream Inc?
Summerville Dream Inc, a 501(c)(3) organization, is committed to enhancing the quality of life in its community by focusing on the aesthetic, cultural, social, and economic aspects of the downtown area. The organization strives to preserve the historic identity of the area while promoting its revitalization. This is achieved through various means such as event coordination, business education, advocacy, beautification and enhancement projects, tourism promotion, and marketing. Summerville Dream Inc aims to attract both residents and guests to historic downtown, thereby boosting the local economy. The organization's efforts are geared towards revitalizing the downtown area and improving the overall well-being of the community.
Official website here: www.summervilledream.org
Who is the CEO of Summerville Dream Inc?
Steven Doniger is the Principal Officer of Summerville Dream Inc.
Official website here: www.summervilledream.org
What is the revenue of Summerville Dream Inc?
Summerville Dream Inc's revenue in 2022 was $196,234.
Official website here: www.summervilledream.org
Who are the executives of Summerville Dream Inc and what are their salaries?
The average compensation at Summerville Dream Inc during 2022 was $4,153. There are 25 employees and 4 volunteers at Summerville Dream Inc.
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Official website here: www.summervilledream.org
Where can I find the form 990 for Summerville Dream Inc?
Summerville Dream Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.summervilledream.org
Learn more at the official website: www.summervilledream.org
Mission Statement of Summerville Dream Inc
Summerville Dream Inc, a 501(c)(3) organization, is committed to enhancing the overall quality of life in its community. Their mission is centered around revitalizing the downtown area by focusing on aesthetic, cultural, social, and economic aspects. They aim to preserve the historic identity of the area while promoting growth and development. Summerville Dream Inc achieves this mission through various means, including event coordination, business education, advocacy, beautification and enhancement projects, tourism promotion, and marketing historic downtown Summerville to both residents and guests. This organization is dedicated to improving the community's vitality and fostering a sense of pride in its heritage.
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Impact
October, 2024
Summerville Dream Inc significantly enhances the quality of life in Summerville, South Carolina, by focusing on the aesthetic, cultural, social, and economic revitalization of the downtown area. The organization plays a vital role in preserving the historic identity of the town while promoting community engagement and local prosperity.
Through various initiatives, Summerville Dream coordinates events that bring the community together, such as the Sweet Tea Festival, which celebrates the town's heritage as the birthplace of sweet tea. This lively event transforms downtown into a vibrant gathering space filled with food trucks, artisanal vendors, and entertainment, allowing residents and visitors to experience the unique culture of Summerville.
Additionally, Summerville Dream supports local businesses through education and advocacy, fostering a thriving economic environment. Their beautification and enhancement projects contribute to an inviting atmosphere that attracts tourism, further benefiting the local economy.
By marketing historic downtown Summerville and promoting its rich cultural offerings, Summerville Dream Inc not only uplifts the community but also creates a sense of pride among residents, enriching the overall experience for everyone who calls Summerville home or visits.
This information is meant to be a general summary of Summerville Dream 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 2022.
- Program Service Revenue: $37,362
- Gross Receipts: $196,234
Assets and Liabilities:
- Total Assets: $53,428
- Total Liabilities: $3,569
- Net Assets: $49,859
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE
Revenue
$37,362
Organization Details
Founding Year
2012
Phone
(843) 821-7260Principal Officer
Steven Doniger
Main Address
100 SOUTH MAIN STREET H, SUMMERVILLE, SC, 29483
Website
www.summervilledream.orgNTEE Category
Code: A80 - Arts
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