Overview
What is Downtown Topeka Foundation?
The Downtown Topeka Foundation is a nonprofit organization situated in Topeka, Kansas, with its headquarters at 719 S Kansas Ave 100. Their primary mission is to preserve, restore, and enhance the historic and cultural aspects of Topeka's downtown area. To accomplish this, they raise and allocate funds for the improvement of buildings, lands, streets, parks, monuments, and other significant landmarks in the area. The foundation spearheaded a fundraising campaign named "Imagine Downtown," which secured resources from the private sector to enhance various elements of the Kansas Avenue Project, such as parks, pavilions, arches, statues, and fountains.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
The Downtown Topeka Foundation has received an overall score of 86%, which reflects a strong focus on accountability and finance. This rating is based entirely on their Accountability & Finance score, highlighting the organization's commitment to managing its resources effectively. With a perfect score in areas such as independent board member composition and financial statement audits, the foundation demonstrates robust governance practices.
The foundation boasts an independent board with all 12 members being independent, ensuring that decision-making is unbiased and in the best interest of the organization. Furthermore, with a program expense ratio of 85.92%, the charity allocates a significant portion of its resources directly to its programs, indicating a strong commitment to fulfilling its mission.
However, while the foundation exhibits excellent financial practices, the rating does not provide insights into program outcomes or community impact. As such, while the financial health and governance are commendable, potential donors may wish to seek additional information about the effectiveness and reach of the foundation’s initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Downtown Topeka Foundation legitimate?
Downtown Topeka Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Topeka 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.
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What is the mission statement of Downtown Topeka Foundation?
The Downtown Topeka Foundation's mission is centered around raising and utilizing funds to preserve, restore, and enhance historical and cultural aspects in a specific area. Their primary focus is on buildings, lands, streets, parks, monuments, and other elements that contribute to the rich history and culture of a downtown area. The foundation aims to improve the condition of these structures and spaces, ensuring they continue to hold significance and value for future generations. A noteworthy initiative of the foundation is the "Imagine Downtown" fundraising campaign, which raised funds from the private sector for enhancing Kansas Avenue, including parks, pavilions, arches, statues, and fountains.
What is the revenue of Downtown Topeka Foundation?
Downtown Topeka Foundation's revenue in 2023 was $972,852.
Who are the executives of Downtown Topeka Foundation and what are their salaries?
There 10 volunteers at Downtown Topeka Foundation.
Here are 10 key members and their salaries:
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Where can I find the form 990 for Downtown Topeka Foundation?
Downtown Topeka Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Downtown Topeka Foundation
The Downtown Topeka Foundation is committed to raising and allocating funds with the objective of preserving, restoring, and enhancing the historical and cultural aspects of the downtown area in Topeka, Kansas. This includes renovating buildings, improving infrastructure such as streets and parks, and maintaining monuments and other landmarks. The organization's mission is to contribute to the revitalization of the downtown area, making it a more attractive and vibrant space for the community.
One of the notable initiatives undertaken by the Downtown Topeka Foundation is the Kansas Avenue Project, which is a fundraising campaign called "Imagine Downtown." This campaign aims to raise funds from the private sector for the enhancement of the Kansas Avenue project, which includes parks, pavilions, arches, statues, and fountains. The foundation's efforts in this project are geared towards revitalizing the downtown area, making it a more appealing and enjoyable destination for locals and visitors alike.
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Impact
July, 2024
The Downtown Topeka Foundation has made a significant impact on the preservation, restoration, and improvement of the downtown area of Topeka, Kansas. Through its fundraising efforts, particularly the "Imagine Downtown" campaign like the Kansas Avenue Project, the foundation has successfully raised private sector funds to enhance the city's urban landscape. This has resulted in the development of parks, pavilions, arches, statues, and fountains, contributing to the beautification and cultural enrichment of the downtown area. The foundation's commitment to community improvement is evident in its proactive approach to enhancing historical and cultural aspects of Topeka, making it a more vibrant and appealing place for residents and visitors alike.
This information is meant to be a general summary of Downtown Topeka 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 2023.
- Investment Income: $9,622
- Program Service Revenue: $192,033
- Gross Receipts: $972,852
Assets and Liabilities:
- Total Assets: $8,729,982
- Total Liabilities: $926,239
- Net Assets: $7,803,743
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT INCOME
Revenue
$192,033
Organization Details
Founding Year
1986
Principal Officer
Ken Scott
NTEE Category
Code: S31 - Community improvement
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