Overview
What is Riverfront-Wilmington Business Improvement District?
The Riverfront-Wilmington Business Improvement District (RWBID) is a nonprofit organization situated in Wilmington, Delaware, specifically at 815 Justison Street. Its primary mission is to enhance the economic vitality of businesses located along the Christina River and promote public engagement in the district's business, entertainment, and social life. To achieve this, the RWBID provides maintenance and security services to ensure the enjoyment and protection of the general public, improves neighborhood conditions, and maintains the physical environment and infrastructure within the Wilmington area. Additionally, the organization creates image materials and public relations tools to promote collaboration among its members and improve the district's overall image.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating
The Riverfront-Wilmington Business Improvement District has earned a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. With an overall score of 90%, the organization showcases a robust emphasis on financial health and transparency, receiving full marks in several key areas, including independent board membership and financial oversight.
One of the notable strengths of this nonprofit is its governance structure, which is comprised entirely of independent board members. This can enhance decision-making processes and ensure that the organization remains focused on its mission without conflicts of interest. Additionally, the organization maintains a high program expense ratio of 95.77%, indicating that a significant portion of its funds is directed towards its programs and services.
While the data highlights many strengths, it is important to note that the rating is based solely on financial metrics. Therefore, potential donors and stakeholders may want to consider qualitative aspects of the organization, such as its community impact and program effectiveness, to gain a more comprehensive understanding of its overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Riverfront-Wilmington Business Improvement District legitimate?
Riverfront-Wilmington Business Improvement District is a legitimate nonprofit organization registered as a 501(c)(3) entity. Riverfront-Wilmington Business Improvement District 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:
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What is the mission statement of Riverfront-Wilmington Business Improvement District?
The Riverfront-Wilmington Business Improvement District's mission is centered around enhancing the economic vitality of businesses and promoting public engagement in its district. It aims to accomplish this by improving and maintaining the physical environment and infrastructure, ensuring public safety, creating promotional materials, and fostering partnerships among its members. The organization's primary goal is to elevate the overall appeal and attractiveness of the business, entertainment, and social scene within the district, thereby benefiting all enterprises located therein.
What is the revenue of Riverfront-Wilmington Business Improvement District?
Riverfront-Wilmington Business Improvement District's revenue in 2023 was $594,606.
Who are the executives of Riverfront-Wilmington Business Improvement District and what are their salaries?
Here are 24 key members and their salaries:
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Where can I find the form 990 for Riverfront-Wilmington Business Improvement District?
Riverfront-Wilmington Business Improvement District's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Riverfront-Wilmington Business Improvement District
The Riverfront-Wilmington Business Improvement District, abbreviated as RWBID, is committed to enhancing the economic vitality of businesses located along a specific river in Wilmington, Delaware. Their mission is multifaceted, aimed at fostering a thriving business environment while encouraging public engagement. The RWBID accomplishes this by investing in the upkeep and improvement of the physical environment and infrastructure, ensuring public safety, and creating promotional materials and public relations tools. Their efforts are geared towards promoting partnership and collaboration among their member businesses, ultimately contributing to the overall appeal and social life of the district. By prioritizing these aspects, the Riverfront-Wilmington Business Improvement District strives to improve neighborhood conditions and create a pleasant and secure environment for both businesses and the general public.
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Impact
July, 2024
The Riverfront-Wilmington Business Improvement District's impact is significant in enhancing the economic vitality of all enterprises located along the Christina River in Wilmington, Delaware. Through its ongoing efforts to improve and maintain the physical environment and infrastructure, provide for public safety, create image materials, and promote partnership and collaboration among its members, the RWBID plays a crucial role in facilitating public access to and engagement in the business, entertainment, and social life of the district. Their initiatives contribute to community improvement by ensuring the enjoyment and protection of the general public while also fostering a vibrant and safe environment for businesses and residents alike in the Wilmington area.
This information is meant to be a general summary of Riverfront-Wilmington Business Improvement District. 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: $1,365
- Program Service Revenue: $543,242
- Gross Receipts: $594,606
Assets and Liabilities:
- Total Assets: $452,344
- Total Liabilities: $116,571
- Net Assets: $335,773
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSESSMENT FEES
Revenue
$543,242
Organization Details
Founding Year
1998
Principal Officer
Stephen Morrissey
NTEE Category
Code: S220 - Community improvement
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