Overview
What is Historic Boydton's Renaissance Inc?
Historic Boydton's Renaissance Inc is a nonprofit organization headquartered in Boydtown, Virginia. Their primary goal is to stimulate economic growth in the town and its surrounding areas. This is achieved by attracting compatible businesses to fill vacant buildings, as well as emphasizing tourism due to Boydtown's rich historical background. The organization's mission revolves around promoting economic development to enhance the local community's prosperity.
Official website here: www.boydton.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36%, Zero-Star out of Four Star rating.
Historic Boydton's Renaissance Inc has received a low rating of 36% from Charity Navigator, primarily reflecting concerns in its Accountability and Finance practices. While the organization has a fully independent board and has demonstrated no material diversion of assets, several critical policies are missing, such as a conflict of interest policy, a whistleblower policy, and a document retention policy.
The organization's program expense ratio is notably low at 35.78%, indicating that a significant portion of its resources may not be directed toward its programs. Additionally, the lack of transparency regarding financial documents, as evidenced by the missing tax form on its website, further contributes to its low score. These deficiencies highlight the need for improvements in governance and financial oversight to enhance the organization’s credibility and effectiveness.
Overall, while Historic Boydton's Renaissance Inc has strengths in board independence and governance structure, the absence of essential policies and the low program expense ratio present significant limitations. Addressing these issues could improve the organization's standing and restore trust with donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Historic Boydton's Renaissance Inc legitimate?
Historic Boydton's Renaissance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Historic Boydton's Renaissance 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.
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Official website here: www.boydton.org
What is the mission statement of Historic Boydton's Renaissance Inc?
Historic Boydton's Renaissance Inc is an organization dedicated to fostering economic growth in a specific area, not specified in the provided information. Their primary objective is to stimulate economic development within the town and its surroundings. This involves filling vacant buildings with complementary businesses to revitalize the local economy. Tourism is also highlighted as a key aspect of their mission, given the town's rich history. The organization aims to leverage this historical appeal to attract visitors and boost the local economy.
Official website here: www.boydton.org
Who is the CEO of Historic Boydton's Renaissance Inc?
Ron Sciama is the Principal Officer of Historic Boydton's Renaissance Inc.
Official website here: www.boydton.org
What is the revenue of Historic Boydton's Renaissance Inc?
Historic Boydton's Renaissance Inc's revenue in 2022 was $22,547.
Official website here: www.boydton.org
Who are the executives of Historic Boydton's Renaissance Inc and what are their salaries?
Here are 11 key members and their salaries:
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Official website here: www.boydton.org
Where can I find the form 990 for Historic Boydton's Renaissance Inc?
Historic Boydton's Renaissance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.boydton.org
Learn more at the official website: www.boydton.org
Mission Statement of Historic Boydton's Renaissance Inc
Historic Boydton's Renaissance Inc, as a nonprofit organization, is committed to fostering economic development in the town of Boydton and its surrounding areas. Their mission is to revitalize the local economy by attracting complementary businesses to fill vacant buildings. Tourism is also a significant focus for this organization, given Boydton's rich history. By promoting economic development and tourism, Historic Boydton's Renaissance Inc aims to enhance the overall well-being and livelihood of the community.
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Impact
August, 2024
Historic Boydton's Renaissance Inc has played a significant role in revitalizing the town of Boydton and its surrounding area by promoting economic development. One key aspect of their impact has been the restoration and filling of vacant buildings with a variety of businesses, thus contributing to the economic growth of the community. Additionally, their emphasis on tourism highlights the rich history of Boydton, attracting visitors and further bolstering the local economy. Overall, Historic Boydton's Renaissance Inc's efforts have helped to stimulate business activity and enhance the cultural appeal of the region.
This information is meant to be a general summary of Historic Boydton's Renaissance 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: $30
- Gross Receipts: $26,444
Assets and Liabilities:
- Total Assets: $187,814
- Total Liabilities: $0
- Net Assets: $187,814
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Organization Details
Founding Year
2002
Phone
(434) 738-0113Principal Officer
Ron Sciama
Main Address
PO BOX 531, BOYDTON, VA, 23917
Website
www.boydton.orgNTEE Category
Code: A80 - Arts
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