Overview
What is Downtown Frederick Partnership Inc?
Downtown Frederick Partnership Inc is a nonprofit organization situated in Frederick, Maryland, with a focus on enhancing, promoting, and preserving the vitality, livability, and diversity of its downtown area. As a National Main Street Community, the organization's primary activities involve live, work, stay, play, and connect initiatives, collectively known as Partnership Events. These events attract a substantial number of people annually, with First Saturday events drawing around 190,000 individuals and ALIVE @ 5 bringing over 19,000 people during the 2022-2023 fiscal year. With a dedicated workforce of five employees, Downtown Frederick Partnership Inc strives to strengthen the community's spirit and foster a sense of belonging in the downtown area.
Official website here: www.downtownfrederick.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 81% (Three-Star out of Four Star rating)
Downtown Frederick Partnership Inc has received an 81% score from Charity Navigator, indicating a solid performance in terms of accountability and finance. This score reflects the organization’s strong governance and transparency practices, with 100% of its board members being independent and a significant emphasis on ethical policies, such as conflict of interest and whistleblower protections.
The organization excels in its financial health, as evidenced by a program expense ratio of nearly 91%, meaning that a large portion of its resources is directed toward its mission-related activities. Additionally, it has demonstrated sound financial management with a low liabilities-to-assets ratio, which suggests fiscal responsibility and sustainability.
While the ratings indicate a robust operational framework and financial practices, potential donors may want to consider that the overall score is derived solely from the accountability and finance beacon. Future evaluations may benefit from additional metrics to provide a more comprehensive view of the organization’s impact and efficiency.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Downtown Frederick Partnership Inc?
96% of 64 reviewers on Facebook recommend Downtown Frederick Partnership Inc. Here is a summary of their reviews:
Many patrons express a strong appreciation for the organization, particularly highlighting its popular First Saturday event as a favorite. Users frequently commend the partnership for its ability to create vibrant and engaging community experiences that contribute positively to the local atmosphere.
Overall, the sentiment is overwhelmingly positive, reflecting satisfaction with the events organized by Downtown Frederick Partnership Inc. Many attendees look forward to participating in future activities, showcasing the nonprofit's commitment to fostering community spirit and connecting residents with local culture.
This AI summary has been generated from reviews found on Facebook.
Is Downtown Frederick Partnership Inc legitimate?
Downtown Frederick Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Frederick Partnership 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: $143,236
Professional Fundraising Fees: $0
Other Salaries and Wages: $194,878
For more financial information, click here
Official website here: www.downtownfrederick.org
What is the mission statement of Downtown Frederick Partnership Inc?
The Downtown Frederick Partnership Inc is committed to enhancing, promoting, and preserving the vitality, livability, and diversity of its community. As a national Main Street community, its mission is to elevate this particular area. The organization's major programs include Live Downtown, Work Downtown, Stay Downtown, Play Downtown, and Connect Downtown. These initiatives aim to attract and engage a substantial number of people annually, contributing to the overall vitality of the community. For instance, their events, such as First Saturday, attract approximately 190,000 people each year, while Alive @ 5 brought in over 19,000 people during the previous fiscal year.
Official website here: www.downtownfrederick.org
Who is the CEO of Downtown Frederick Partnership Inc?
Kara Norman is the President of Downtown Frederick Partnership Inc.
Official website here: www.downtownfrederick.org
What is the revenue of Downtown Frederick Partnership Inc?
Downtown Frederick Partnership Inc's revenue in 2023 was $2,133,762.
Official website here: www.downtownfrederick.org
Who are the executives of Downtown Frederick Partnership Inc and what are their salaries?
The average compensation at Downtown Frederick Partnership Inc during 2023 was $67,623. There are 5 employees and 595 volunteers at Downtown Frederick Partnership Inc.
Here are 18 key members and their salaries:
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- Compensation: $115,233
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- Other: $13,435
Official website here: www.downtownfrederick.org
Where can I find the form 990 for Downtown Frederick Partnership Inc?
Downtown Frederick Partnership Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.downtownfrederick.org
Learn more at the official website: www.downtownfrederick.org
Mission Statement of Downtown Frederick Partnership Inc
Downtown Frederick Partnership Inc, as an organization, is dedicated to enhancing, promoting, and preserving the vitality, livability, and diversity of its community. Its mission is to elevate the overall well-being of the downtown area, fostering an environment that is attractive, engaging, and inclusive. By serving as a steward for this National Main Street Community, Downtown Frederick Partnership Inc works tirelessly to ensure the area remains a vibrant and dynamic hub, appealing to a diverse range of individuals and businesses.
The organization's mission is not limited to mere promotion and preservation, but also includes active participation in the community's growth. Downtown Frederick Partnership Inc organizes a series of programs aimed at achieving these goals, including Live Downtown, Work Downtown, Stay Downtown, Play Downtown, and Connect Downtown. These initiatives collectively aim to create a harmonious balance between work, living, leisure, and connectivity, contributing to the overall success and appeal of the downtown area.
Throughout the year, Downtown Frederick Partnership Inc hosts various events that attract a substantial number of people. Primarily, the First Saturday events draw approximately 190,000 individuals to the downtown area annually. Another notable event, Alive @ 5, brought over 19,000 people during its recent fiscal year. These events not only serve to entertain and engage the community but also help to promote the vitality and liveliness of the downtown area, aligning with Downtown Frederick Partnership Inc's mission.
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Impact
July, 2024
Downtown Frederick Partnership Inc's impact can be seen in the enhanced vitality, livability, and diversity of Downtown Frederick. Through its various programs such as Live Downtown, Work Downtown, Stay Downtown, Play Downtown, and Connect Downtown, the organization has succeeded in attracting approximately 190,000 people to Downtown Frederick each year. Events like First Saturday and Alive @ 5 have significantly contributed to this outreach, with the latter alone drawing in over 19,000 people in FY23. The organization's efforts play a crucial role in fostering a sense of community improvement and engagement within the city of Frederick, Maryland.
This information is meant to be a general summary of Downtown Frederick Partnership 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 2023.
- Investment Income: $5,269
- Program Service Revenue: $940,206
- Gross Receipts: $2,159,491
Assets and Liabilities:
- Total Assets: $1,114,528
- Total Liabilities: $178,720
- Net Assets: $935,808
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROMOTIONS
Revenue
$940,206
Organization Details
Founding Year
1990
Phone
(301) 698-8118Principal Officer
Kara Norman
Main Address
19 E CHURCH STREET, FREDERICK, MD, 217015401
Website
www.downtownfrederick.orgNTEE Category
Code: S21Z - Community improvement
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