Overview
What is Wichita Downtown Development Corporation?
Wichita Downtown Development Corporation is a nonprofit organization based in Wichita, Kansas, specifically at 505 E Douglas Ave. Their primary mission is to revitalize and enhance the urban core, achieving this through various components such as beautification, livability, placemaking, programming, transportation, and walkability. They also facilitate relationships between development, government, and real estate. The corporation aims to ensure a vibrant downtown, serving as a lively and prosperous hub for businesses, employees, and the local community as a whole. Their team comprises 5 dedicated individuals.
Official website here: www.downtownwichita.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Star rating (73%)
The Wichita Downtown Development Corporation has received a rating indicating the organization needs improvement, primarily based on its accountability and financial practices. While it scored a perfect 100% in the accountability and finance category, there are notable gaps in essential governance documents such as a whistleblower policy and document retention protocols, which negatively impacted its overall score.
Strengths of the organization include a fully independent board with 29 members and a strong program expense ratio of 78.12%, indicating a high percentage of funds directed toward its mission-related activities. However, the absence of key financial statements and missing tax forms on its website raise concerns about transparency and financial oversight.
Overall, while the Wichita Downtown Development Corporation demonstrates a commitment to accountability through an independent board and effective use of funds, the lack of certain governance policies and documentation suggests areas where the organization can improve to enhance trust and reliability among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Wichita Downtown Development Corporation legitimate?
Wichita Downtown Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wichita Downtown Development Corporation 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: $121,460
Professional Fundraising Fees: $0
Other Salaries and Wages: $197,278
For more financial information, click here
Official website here: www.downtownwichita.org
What is the mission statement of Wichita Downtown Development Corporation?
The Wichita Downtown Development Corporation's mission is centered around ensuring a vibrant downtown area. To achieve this, they implement a comprehensive economic development program. This program aims to strengthen the downtown as a thriving heart of the city, providing an active and prosperous environment for businesses and employees. The revitalization and enhancement of the urban core is carried out through various components, such as beautification, livability, placemaking, programming, transportation, and walkability. Furthermore, the corporation fosters relationships between development, government, and real estate entities.
Official website here: www.downtownwichita.org
What is the revenue of Wichita Downtown Development Corporation?
Wichita Downtown Development Corporation's revenue in 2023 was $934,520.
Official website here: www.downtownwichita.org
Who are the executives of Wichita Downtown Development Corporation and what are their salaries?
The average compensation at Wichita Downtown Development Corporation during 2023 was $79,684. There are 4 employees and 40 volunteers at Wichita Downtown Development Corporation.
Here are 43 key members and their salaries:
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- Compensation: $2,881
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- Other: $4,384
- Compensation: $74,860
- Related: $299,438
- Other: $45,965
- Compensation: $27,739
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- Other: $30,641
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- Other: $27,714
Official website here: www.downtownwichita.org
Where can I find the form 990 for Wichita Downtown Development Corporation?
Wichita Downtown Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.downtownwichita.org
Learn more at the official website: www.downtownwichita.org
Mission Statement of Wichita Downtown Development Corporation
Wichita Downtown Development Corporation, abbreviated as WDDC, is committed to ensuring a vibrant downtown area. Their mission is to oversee a comprehensive economic development program, aiming to transform Downtown Wichita into a thriving heart of the city, beneficial for all its residents. This is achieved through various program components, such as beautification, livability, placemaking, programming, transportation, and walkability. WDDC also facilitates relationships between development, government, and real estate entities, ensuring a harmonious growth and enhancement of the urban core.
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Impact
July, 2024
The Wichita Downtown Development Corporation's impact is significant in driving the revitalization and enhancement of the urban core of Wichita. Through various program components focusing on beautification, livability, placemaking, programming, transportation, walkability, and fostering relationships between development, government, and real estate, the organization works towards ensuring a vibrant downtown. By directing a comprehensive economic development program, the corporation strengthens downtown Wichita as the heart of the city for all citizens, creating an active and prosperous place for businesses and employees.
This information is meant to be a general summary of Wichita Downtown Development Corporation. 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: $5,368
- Program Service Revenue: $771,263
- Gross Receipts: $934,520
Assets and Liabilities:
- Total Assets: $471,525
- Total Liabilities: $120,175
- Net Assets: $351,350
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
IMPROVEMENT DISTRICT REVENUE
Revenue
$771,263
Organization Details
Founding Year
2002
Principal Officer
Jeffery C Fluhr
Website
www.downtownwichita.orgNTEE Category
Code: S99 - Community improvement
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