Overview
What is Downtown South Bend Inc Foundation?
Downtown South Bend Inc Foundation is a nonprofit organization situated in South Bend, Indiana, specifically at 217 S Michigan Street. Their primary mission is to enhance the vitality of downtown South Bend. They achieve this by providing business resources, support, initiatives, and incentives to local enterprises. Additionally, they host marketing events and showcase downtown as a hub for arts, aiming to attract visitors and position it as the city's cultural center. The foundation's activities contribute to the overall growth and development of the downtown area.
Official website here: www.downtownsouthbend.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 68%)
Downtown South Bend Inc Foundation has received a "Needs Improvement" rating from Charity Navigator, indicating some challenges in its operational practices. The organization demonstrates a strong commitment to independent governance, with 100% of its board members being independent and a significant size of 19 members. It also shows responsible financial management with a high program expense ratio of nearly 100%, ensuring that nearly all funds are directed toward its programs.
However, the organization faces notable weaknesses in its accountability and transparency practices. It lacks critical policies such as a whistleblower and document retention policy, which raises concerns about operational integrity. Additionally, the foundation's liabilities to assets ratio is concerning at over 86%, indicating potential financial strain. Furthermore, the absence of its tax form on the nonprofit's website may hinder transparency for donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Downtown South Bend Inc Foundation legitimate?
Downtown South Bend Inc Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown South Bend Inc Foundation 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: $0
For more financial information, click here
Official website here: www.downtownsouthbend.com
What is the mission statement of Downtown South Bend Inc Foundation?
The Downtown South Bend Inc Foundation is dedicated to enhancing and revitalizing the downtown area. This is achieved by providing business resources, support, initiatives, and incentives. The organization also organizes marketing and events to attract visitors, positioning downtown as a hub for arts and culture. Their goal is to promote the vitality and appeal of the downtown area.
Official website here: www.downtownsouthbend.com
Who is the CEO of Downtown South Bend Inc Foundation?
Willow Wetherall is the Exec Directo of Downtown South Bend Inc Foundation.
Official website here: www.downtownsouthbend.com
What is the revenue of Downtown South Bend Inc Foundation?
Downtown South Bend Inc Foundation's revenue in 2022 was $46,648.
Official website here: www.downtownsouthbend.com
Who are the executives of Downtown South Bend Inc Foundation and what are their salaries?
There 19 volunteers at Downtown South Bend Inc Foundation.
Here are 22 key members and their salaries:
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Official website here: www.downtownsouthbend.com
Where can I find the form 990 for Downtown South Bend Inc Foundation?
Downtown South Bend Inc Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.downtownsouthbend.com
Learn more at the official website: www.downtownsouthbend.com
Mission Statement of Downtown South Bend Inc Foundation
Downtown South Bend Inc Foundation is dedicated to fostering the growth and vitality of Downtown South Bend. This is achieved by providing businesses with essential resources, support, initiatives, and incentives. The organization also plays a significant role in promoting the area through various marketing events and showcases, positioning Downtown South Bend as a hub for arts and culture. By offering these services, Downtown South Bend Inc Foundation aims to attract visitors and position Downtown as a central and vibrant part of the community.
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Impact
August, 2024
Downtown South Bend Inc Foundation plays a vital role in advancing the vitality of downtown South Bend. By providing business resources, support, initiatives, and incentives, the foundation contributes to the economic growth and development of the area. Through marketing and events, it attracts visitors and highlights downtown as a hub for arts and culture. This work not only supports local businesses but also enhances the overall appeal and liveliness of downtown South Bend, making it a destination for residents and visitors alike.
This information is meant to be a general summary of Downtown South Bend Inc 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: $46,648
Assets and Liabilities:
- Total Assets: $5,141
- Total Liabilities: $4,450
- Net Assets: $691
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Organization Details
Founding Year
2015
Phone
(574) 282-1110Principal Officer
Willow Wetherall
Main Address
217 S MICHIGAN STREET, SOUTH BEND, IN, 46601
Website
www.downtownsouthbend.comNTEE Category
Code: T30 - Philanthropy
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