Overview
What is Downtown Bentonville Inc?
Downtown Bentonville Inc is a nonprofit organization situated at 103 S Main Street, Bentonville, AR 72712. Their primary objective is to improve and preserve the charm of downtown Bentonville. They accomplish this through various activities such as the yearly Farmer's Market, First Friday events featuring live music and food, and Notes at Night, which offers free music on the Square. The organization is also involved in managing numerous events throughout the day and evening, including holiday celebrations and parades, aimed at attracting both locals and tourists. With a team of 11 dedicated employees, Downtown Bentonville Inc strives to create engaging events that foster a sense of community in the downtown area.
Official website here: www.downtownbentonville.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91%, Four-Star out of Four Star rating. This high score reflects Downtown Bentonville Inc's strong performance in accountability and finance, highlighting its commitment to transparency and responsible management of funds. The organization has achieved a perfect score in several key areas, including having a fully independent board and a clean audit of its financial statements.
The nonprofit has also demonstrated effective governance practices, as evidenced by its comprehensive conflict of interest policy, whistleblower policy, and a documented retention and destruction policy. Additionally, the absence of any material diversion of assets reinforces its integrity and reliability as a charitable organization.
While the program expense ratio is commendable at 66.20%, it indicates that there is still room for improvement in maximizing the funds allocated to its programs. Overall, Downtown Bentonville Inc showcases robust financial practices and governance, making it a trustworthy choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Downtown Bentonville Inc legitimate?
Downtown Bentonville Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Bentonville 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $424,872
For more financial information, click here
Official website here: www.downtownbentonville.org
What is the mission statement of Downtown Bentonville Inc?
Downtown Bentonville Inc's mission is centered around enhancing and strengthening the downtown experience for residents, workers, visitors, and enthusiasts. They focus on organizing engaging events that foster a sense of community. The organization's activities include hosting the Saturday morning Farmer's Market, which runs from April to October, and First Friday events featuring live music and food on the Square. Additionally, they sponsor Notes at Night, offering free music on the Square once a month, as well as overseeing various events such as holiday lighting, parades, and daytime and evening activities that cater to families and nightlife enthusiasts.
Official website here: www.downtownbentonville.org
Who is the CEO of Downtown Bentonville Inc?
Aaron Lawson is the Executive Director of Downtown Bentonville Inc.
Official website here: www.downtownbentonville.org
What is the revenue of Downtown Bentonville Inc?
Downtown Bentonville Inc's revenue in 2022 was $957,958.
Official website here: www.downtownbentonville.org
Who are the executives of Downtown Bentonville Inc and what are their salaries?
The average compensation at Downtown Bentonville Inc during 2022 was $38,625. There are 11 employees and 12 volunteers at Downtown Bentonville Inc.
Here are 15 key members and their salaries:
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Official website here: www.downtownbentonville.org
Where can I find the form 990 for Downtown Bentonville Inc?
Downtown Bentonville Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.downtownbentonville.org
Learn more at the official website: www.downtownbentonville.org
Mission Statement of Downtown Bentonville Inc
Downtown Bentonville Inc is committed to enhancing and improving the overall experience for individuals who live, work, play, and visit the downtown area. Their mission is to achieve this by strengthening the character of downtown Bentonville through various activities. One of their significant initiatives includes organizing the Saturday morning Farmer's Market, which runs from April to October, attracting both locals and visitors. Additionally, they host First Friday events on the Square, offering live music and delicious food. Furthermore, they introduce Notes at Night, which features free music performances on the Square once a month, providing an opportunity for local musicians to collaborate with downtown restaurants. Beyond these events, Downtown Bentonville Inc also oversees various holiday lighting, parades, and other day and evening activities, aiming to create a lively and family-friendly atmosphere in the downtown area.
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Impact
July, 2024
Downtown Bentonville Inc has a significant impact on the community by creating vibrant events and activities that bring people together and enhance the character of downtown Bentonville. Through initiatives such as the Farmers Market, First Friday gatherings with live music and food, and Notes at Night concerts, they foster a sense of community and support local businesses and artists. Their efforts contribute to a lively and inviting atmosphere in downtown Bentonville, making it a hub of activity for residents, workers, and visitors alike.
This information is meant to be a general summary of Downtown Bentonville 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: $1,084
- Program Service Revenue: $520,306
- Gross Receipts: $957,958
Assets and Liabilities:
- Total Assets: $373,528
- Total Liabilities: $75,036
- Net Assets: $298,492
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Sponsorships
Revenue
$240,930
Program Fees
Revenue
$275,631
Other Revenue
Revenue
$3,745
Organization Details
Founding Year
2000
Phone
(479) 254-0254Principal Officer
Aaron Lawson
Main Address
103 S Main Street, Bentonville, AR, 72712
Website
www.downtownbentonville.orgNTEE Category
Code: A80 - Arts
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