Overview
What is Downtown Abq Mainstreet Initiative?
The Downtown Abq Mainstreet Initiative is a community-focused nonprofit based in Albuquerque, New Mexico, with a postal address of PO Box 27246. Their primary mission is to bolster the economic, social, and creative vitality of downtown areas by spearheading community-driven projects and programs. They strive to foster a thriving downtown environment that embodies community pride and local quality of life. One of their notable initiatives is the Downtown Grower's Market, which showcases over 75 local growers offering top-tier produce, talented artists, and delicious prepared foods. The market attracts a diverse crowd, as evidenced by the 70,000 individuals it serves. Additionally, the organization supports local nonprofits, provides live entertainment and community activities, and works tirelessly to revitalize and invigorate the downtown area. With a team of six dedicated individuals, Downtown Abq Mainstreet Initiative continues to contribute to the vibrant community of Albuquerque.
Official website here: www.abqmainstreet.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
The Downtown Abq Mainstreet Initiative has received a Three-Star rating from Charity Navigator, reflecting a score of 76% based on its accountability and finance practices. This rating indicates a moderate level of performance in financial health and transparency, which is essential for donor confidence and organizational credibility.
The organization excels in having a fully independent board, scoring a perfect 10 out of 10 for independent board members and size. It also demonstrates strong financial management, with a low liabilities to assets ratio of 11.43% and a program expense ratio of 76.27%, indicating that a significant portion of its resources is allocated to its programs.
However, the organization has notable gaps in its policies, particularly with the absence of a conflict of interest policy, whistleblower policy, and document retention policy, each of which received a score of 0 out of 7 points. These deficiencies may impact the overall governance and risk management of the nonprofit, suggesting areas for improvement to enhance accountability and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Downtown Abq Mainstreet Initiative legitimate?
Downtown Abq Mainstreet Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Abq Mainstreet Initiative 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: $169,519
For more financial information, click here
Official website here: www.abqmainstreet.org
What is the mission statement of Downtown Abq Mainstreet Initiative?
The Downtown Abq Mainstreet Initiative serves as a community redevelopment organization, dedicated to promoting and supporting the economic, social, and creative vitality of downtown areas. This is accomplished through the execution of community-driven projects and programs. The revitalization of downtowns is considered a significant symbol of community economic health, local quality of life, pride, and community identity. The organization's mission aims to contribute positively to the overall well-being of the community, fostering an environment that local residents can take pride in. The Downtown Grower's Market, one of their initiatives, provides a platform for over 75 local growers to offer high-quality produce and showcase talented artists and food artisans, attracting approximately 70,000 individuals weekly.
Official website here: www.abqmainstreet.org
Who is the CEO of Downtown Abq Mainstreet Initiative?
Danielle Schlobohm is the Principal Officer of Downtown Abq Mainstreet Initiative.
Official website here: www.abqmainstreet.org
What is the revenue of Downtown Abq Mainstreet Initiative?
Downtown Abq Mainstreet Initiative's revenue in 2022 was $478,976.
Official website here: www.abqmainstreet.org
Who are the executives of Downtown Abq Mainstreet Initiative and what are their salaries?
The average compensation at Downtown Abq Mainstreet Initiative during 2022 was $28,253. There are 6 employees and 20 volunteers at Downtown Abq Mainstreet Initiative.
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Official website here: www.abqmainstreet.org
Where can I find the form 990 for Downtown Abq Mainstreet Initiative?
Downtown Abq Mainstreet Initiative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.abqmainstreet.org
Learn more at the official website: www.abqmainstreet.org
Mission Statement of Downtown Abq Mainstreet Initiative
The DowntownABQ MainStreet Initiative, a community redevelopment organization, strives to promote and uphold the economic, social, and creative vitality of downtown areas. Through community-driven projects and programs, the initiative aims to create a revitalized and lively downtown area that serves as a symbol of community economic health, local quality of life, and pride. This nonprofit organization believes that a vibrant downtown contributes significantly to a community's identity.
The DowntownABQ MainStreet Initiative's mission is carried out through various projects, one of which is the Downtown Grower's Market. This market, which attracts over 75 New Mexican growers, offers a diverse range of high-quality produce, local artisans, and a selection of food artisans. The market features live music, community nonprofits, bike valet services, and an overall atmosphere of community spirit. Every week, the market serves approximately 70,000 individuals, reflecting its significant impact on the community.
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Impact
July, 2024
The Downtown Abq Mainstreet Initiative has had a significant impact on revitalizing downtown Albuquerque. Through community-driven projects and programs, the initiative has helped promote and support the economic, social, and creative vitality of the area. One notable accomplishment is the Downtown Grower's Market, which has provided a platform for over 75 New Mexican growers to offer high-quality produce and has showcased the work of local artists and prepared food artisans. This market has not only benefited the local economy but has also created a vibrant community space where residents and visitors can come together. Overall, the initiative's efforts have contributed to the revitalization of downtown Albuquerque and have helped enhance the local quality of life, pride, and community identity.
This information is meant to be a general summary of Downtown Abq Mainstreet Initiative. 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: $25
- Program Service Revenue: $174,352
- Gross Receipts: $478,976
Assets and Liabilities:
- Total Assets: $218,689
- Total Liabilities: $25,011
- Net Assets: $193,678
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Dowtown growers market
Revenue
$116,548
Film Project Passthru Income
Revenue
$4,775
Fiscal Agent Passthru income
Revenue
$45,477
ARTWALK
Revenue
$5,154
DTGM Token fees
Revenue
$2,398
Organization Details
Founding Year
2014
Phone
(505) 247-2272Principal Officer
Danielle Schlobohm
Main Address
PO Box 27246, Albuquerque, NM, 871027246
Website
www.abqmainstreet.orgNTEE Category
Code: S31 - Community improvement
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