Overview
What is Elizabeth City Downtown Inc A Revitalization Corporation?
Elizabeth City Downtown Inc A Revitalization Corporation is a nonprofit organization situated in Elizabeth City, North Carolina. Their primary address is located at 201 E Main Street. The corporation's primary mission is to revitalize the downtown area and waterfront of Elizabeth City, preserving its historical and architectural charm. They achieve this by serving as a catalyst for development, attracting approximately 30,000 people annually to their North Carolina Potato Festival. This event raises awareness about the region's significant potato industry while stimulating local businesses. The organization's goal is to contribute positively to the entire community, promoting growth and preservation in harmony.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
Elizabeth City Downtown Inc A Revitalization Corporation has received a high rating of 94% from Charity Navigator, indicating strong performance in accountability and finance. This rating reflects the organization's commitment to transparency and good governance, as evidenced by having an entirely independent board of 16 members and no material diversion of assets.
The organization excels in adhering to best practices, with well-defined policies for conflict of interest, whistleblower protection, and document retention. The program expense ratio stands at an impressive 71.73%, suggesting that a significant portion of their funds is allocated directly toward their mission-related activities, which is a positive indicator for potential donors.
While the organization showcases many strengths, such as a low liabilities-to-assets ratio of 9.82%, the summary does not highlight any specific areas of improvement. Overall, the Four-Star rating suggests that Elizabeth City Downtown Inc is effectively managing its resources and maintaining a strong commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Elizabeth City Downtown Inc A Revitalization Corporation legitimate?
Elizabeth City Downtown Inc A Revitalization Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elizabeth City Downtown Inc A Revitalization 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.
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What is the mission statement of Elizabeth City Downtown Inc A Revitalization Corporation?
The mission of Elizabeth City Downtown Inc A Revitalization Corporation is to stimulate the revitalization of its downtown area and waterfront, preserving their historical and architectural charm. This organization serves as a catalyst in the community, aiming to revitalize these spaces while maintaining their rich heritage. Their activities are not limited to one specific event; however, their primary endeavor is organizing the North Carolina Potato Festival, which draws a significant number of people and raises awareness about the region's prominent crop. By hosting this event, Elizabeth City Downtown Inc A Revitalization Corporation contributes to the vibrancy of its downtown business district.
Who is the CEO of Elizabeth City Downtown Inc A Revitalization Corporation?
Tim Williams is the Chairman of Elizabeth City Downtown Inc A Revitalization Corporation.
What is the revenue of Elizabeth City Downtown Inc A Revitalization Corporation?
Elizabeth City Downtown Inc A Revitalization Corporation's revenue in 2023 was $156,487.
Who are the executives of Elizabeth City Downtown Inc A Revitalization Corporation and what are their salaries?
Here are 16 key members and their salaries:
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Where can I find the form 990 for Elizabeth City Downtown Inc A Revitalization Corporation?
Elizabeth City Downtown Inc A Revitalization Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Elizabeth City Downtown Inc A Revitalization Corporation
Elizabeth City Downtown Inc A Revitalization Corporation is committed to serving its entire community by serving as a driving force for the revitalization of downtown Elizabeth City and its waterfront. This mission is focused on preserving the area's historical and architectural character, aiming to enhance its appeal and attractiveness. By acting as a catalyst for change, the organization seeks to breathe new life into the downtown district and encourage economic growth and development. The ultimate goal is to create a vibrant and thriving community that can be enjoyed by all its residents.
One of the ways Elizabeth City Downtown Inc A Revitalization Corporation fulfills its mission is by organizing the North Carolina Potato Festival. This annual event brings together approximately 30,000 people, drawing attention to the region's significant potato industry and boosting the local economy. By promoting the festival, the organization not only highlights the importance of agriculture in the community but also encourages people to explore and engage with downtown Elizabeth City, fostering a sense of pride and attachment to the area. By working towards the revitalization of the downtown area, Elizabeth City Downtown Inc A Revitalization Corporation is committed to creating a better future for its community, preserving its historical heritage, and fostering economic growth and development.
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Impact
October, 2024
Elizabeth City Downtown Inc A Revitalization Corporation plays a crucial role in enhancing the vibrancy and economic vitality of downtown Elizabeth City and its waterfront. By acting as a catalyst for revitalization, the organization not only fosters community engagement but also preserves the historical and architectural character of the area.
One of its flagship initiatives is the North Carolina Potato Festival, which attracts around 30,000 visitors to the downtown business district. This event not only raises awareness of a key regional crop but also stimulates local businesses and creates a sense of community pride.
Overall, the corporation significantly impacts the local economy, strengthens community ties, and promotes cultural appreciation, ensuring that Elizabeth City remains a lively and inviting destination for residents and visitors alike.
This information is meant to be a general summary of Elizabeth City Downtown Inc A Revitalization 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: $2
- Gross Receipts: $326,365
Assets and Liabilities:
- Total Assets: $602,691
- Total Liabilities: $59,217
- Net Assets: $543,474
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Organization Details
Founding Year
1989
Phone
(252) 338-4104Principal Officer
Tim Williams
Main Address
201 E Main Street, Elizabeth City, NC, 27909
NTEE Category
Code: A80 - Arts
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