Overview
What is Modesto Improvement Partnership Inc?
Modesto Improvement Partnership Inc, operating under the name Downtown Modesto Partnership, is a local nonprofit organization based in Modesto, California. With a team of six dedicated individuals, their primary goal is to manage and enhance the community benefit district within Downtown Modesto on behalf of the City. Their mission is multifaceted, aiming to foster a positive image of the downtown area by showcasing its attractions and improving services to enhance the overall user experience. By doing so, they strive to make Downtown Modesto a more appealing and enjoyable destination for its community and visitors alike.
Official website here: www.domopartnership.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. The Modesto Improvement Partnership Inc, also known as the Downtown Modesto Partnership, displays a solid accountability and finance score of 73. The organization benefits from a fully independent board, which contributes positively to its governance. Key strengths include a complete audit of financial statements and a good program expense ratio of 84.80%, indicating that a significant portion of its expenses goes directly to its programs.
However, the organization faces limitations that impact its overall rating. The absence of a whistleblower policy and document retention and destruction policy reflects potential gaps in transparency and governance practices. Additionally, the tax form is not posted on the nonprofit's website, which could hinder accessibility to essential financial information for stakeholders.
The organization's liabilities to assets ratio of 79.73% raises concerns about its financial health, indicating a high level of liabilities compared to its assets. While the high percentage of program expenses is commendable, the overall financial management and policy gaps noted may warrant further attention for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Modesto Improvement Partnership Inc legitimate?
Modesto Improvement Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Modesto Improvement Partnership 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: $135,052
Professional Fundraising Fees: $0
Other Salaries and Wages: $185,350
For more financial information, click here
Official website here: www.domopartnership.org
What is the mission statement of Modesto Improvement Partnership Inc?
The Modesto Improvement Partnership Inc, operating under the name Downtown Modesto Partnership, has a mission to enhance the perception of Downtown Modesto by showcasing its strengths and improving services. Their objective is to enhance the user experience in the downtown area. In fulfilling this mission, they manage the community benefit district for the City of Modesto, working towards making the downtown area more appealing and enjoyable for its users.
Official website here: www.domopartnership.org
Who is the CEO of Modesto Improvement Partnership Inc?
Barrett Lipomi is the President of Modesto Improvement Partnership Inc.
Official website here: www.domopartnership.org
What is the revenue of Modesto Improvement Partnership Inc?
Modesto Improvement Partnership Inc's revenue in 2022 was $1,478,727.
Official website here: www.domopartnership.org
Who are the executives of Modesto Improvement Partnership Inc and what are their salaries?
The average compensation at Modesto Improvement Partnership Inc during 2022 was $53,400. There are 6 employees at Modesto Improvement Partnership Inc.
Here are 14 key members and their salaries:
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Official website here: www.domopartnership.org
Where can I find the form 990 for Modesto Improvement Partnership Inc?
Modesto Improvement Partnership Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.domopartnership.org
Learn more at the official website: www.domopartnership.org
Mission Statement of Modesto Improvement Partnership Inc
Modesto Improvement Partnership Inc, doing business as Downtown Modesto Partnership, is committed to enhancing the perception of Downtown Modesto by showcasing its numerous attractions and improving amenities that augment the overall user experience. Their mission, in essence, is to transform Downtown Modesto into a vibrant and appealing destination, offering a superior experience for its community members. The organization manages the Downtown Modesto Community Benefit District on behalf of the City of Modesto, striving to elevate the downtown area and contribute to its overall development.
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Impact
July, 2024
Modesto Improvement Partnership Inc Dba Downtown Modesto Partnership's impact is evident in its efforts to build a positive image of Downtown Modesto by highlighting the community's strengths and improving the overall user experience. By managing the Downtown Modesto community benefit district and enhancing the downtown experience, this organization plays a crucial role in fostering community improvement and showcasing the city in a positive light. Their work contributes to the overall vibrancy and appeal of Downtown Modesto, benefiting both residents and visitors alike.
This information is meant to be a general summary of Modesto Improvement Partnership 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.
- Investment Income: $783
- Program Service Revenue: $1,393,350
- Gross Receipts: $1,478,727
Assets and Liabilities:
- Total Assets: $4,051,206
- Total Liabilities: $3,230,652
- Net Assets: $820,554
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CBD Assessments
Revenue
$731,349
Events
Revenue
$88,876
RAD Card Administration
Revenue
$573,125
Organization Details
Founding Year
2014
Phone
(209) 303-0411Principal Officer
Barrett Lipomi
Main Address
1003 10th Street Ste A, Modesto, CA, 95354
Website
www.domopartnership.orgNTEE Category
Code: S20 - Community improvement
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