Overview
What is Downtown Durham Inc?
Downtown Durham Inc is a nonprofit organization situated in Durham, North Carolina, with a specific focus on revitalizing the downtown district. Their primary objectives encompass five main areas: economic development, parking, appearance, safety, and promotion. By dedicating their efforts to these sectors, they aim to establish a conducive environment for private development within Downtown Durham. Their team consists of seven dedicated individuals, working tirelessly to contribute to the district's growth and improvement.
Official website here: www.downtowndurham.com
Is Downtown Durham Inc legitimate?
Downtown Durham Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Downtown Durham 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: $136,907
Professional Fundraising Fees: $0
Other Salaries and Wages: $258,096
For more financial information, click here
Official website here: www.downtowndurham.com
What is the mission statement of Downtown Durham Inc?
Downtown Durham Inc is an organization dedicated to fostering private development in its local urban district. To achieve this, they focus their efforts on five key project areas: economic development, parking management, enhancing the district's appearance, ensuring safety, and promoting the area. Their goal is to create an environment that encourages growth and development within these sectors, ultimately revitalizing the downtown district.
Official website here: www.downtowndurham.com
Who is the CEO of Downtown Durham Inc?
Nicole J Thompson is the Principal Officer of Downtown Durham Inc. The CEO's salary of Downtown Durham Inc is $125,500 and their total compensation is $133,693.
Official website here: www.downtowndurham.com
What is the revenue of Downtown Durham Inc?
Downtown Durham Inc's revenue in 2022 was $1,586,578.
Official website here: www.downtowndurham.com
Who are the executives of Downtown Durham Inc and what are their salaries?
The average compensation at Downtown Durham Inc during 2022 was $56,429. There are 7 employees and 5 volunteers at Downtown Durham Inc.
Here are 29 key members and their salaries (Downtown Durham Inc's CEO's salary is $125,500 and their total compensation is $133,693):
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- Compensation: $125,500
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Official website here: www.downtowndurham.com
Where can I find the form 990 for Downtown Durham Inc?
Downtown Durham Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.downtowndurham.com
Learn more at the official website: www.downtowndurham.com
Mission Statement of Downtown Durham Inc
Downtown Durham Inc, a nonprofit organization, is dedicated to fostering a conducive environment for private development within the downtown Durham district. To achieve this, the organization focuses its efforts on five key project areas: economic development, parking, appearance, safety, and promotion. By addressing these aspects, Downtown Durham Inc aims to revitalize the downtown area, acting as a catalyst for its growth and transformation.
In the realm of economic development, Downtown Durham Inc works to attract and retain businesses, stimulating the local economy. By focusing on this area, the organization contributes to the creation of job opportunities and the overall prosperity of the downtown district. Additionally, Downtown Durham Inc also pays attention to the parking situation, ensuring that adequate and convenient parking facilities are available, which can positively impact the attractiveness of the area and encourage commercial activity.
Furthermore, Downtown Durham Inc recognizes the importance of maintaining a visually appealing downtown. By focusing on appearance, the organization works to enhance the physical appearance of the district, making it more appealing to both residents and visitors alike. This may include initiatives such as improving streetscapes, public spaces, and buildings, resulting in a more inviting and attractive environment.
Ensuring a safe environment is another crucial aspect of Downtown Durham Inc's mission. By prioritizing safety, the organization seeks to deter crime and promote a sense of security within the downtown district. This may involve working with local law enforcement, implementing safety measures, and providing resources for community safety.
Finally, Downtown Durham Inc recognizes the importance of promoting the downtown area to attract visitors and residents. By focusing on promotion, the organization works to raise awareness of the district's offerings, including its businesses, cultural events, and amenities. This can help to increase foot traffic, support local businesses, and boost the overall vitality of the downtown area.
In summary, Downtown Durham Inc is a nonprofit organization committed to revitalizing the downtown Durham district by focusing on five key areas: economic development, parking, appearance, safety, and promotion. By addressing these aspects, the organization aims to create an environment conducive to private development, stimulating growth and prosperity within the district.
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Impact
October, 2024
Downtown Durham Inc significantly enhances the vibrancy and livability of Durham's downtown area. By actively focusing on economic development, it catalyzes private investment, fostering growth and attracting new businesses to the district. This revitalization not only creates job opportunities but also stimulates the local economy, enriching the community's fabric.
The organization prioritizes parking solutions, ensuring accessibility for residents and visitors alike, which is crucial for sustaining business viability. Moreover, its commitment to improving the area's appearance fosters an inviting atmosphere, encouraging foot traffic and enhancing the overall experience of those who live, work, and visit downtown Durham.
Safety initiatives further contribute to a welcoming environment, building community trust and promoting public engagement. Finally, through various promotional efforts, Downtown Durham Inc highlights local events and attractions, celebrating the unique character of the downtown district and strengthening community ties.
Overall, Downtown Durham Inc plays a pivotal role in the city's ongoing transformation, driving progress and creating a thriving urban center that benefits everyone in the community.
This information is meant to be a general summary of Downtown Durham 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: $10
- Program Service Revenue: $7,220
- Gross Receipts: $1,586,578
Assets and Liabilities:
- Total Assets: $1,600,844
- Total Liabilities: $1,190,492
- Net Assets: $410,352
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANNUAL MEETING
Revenue
$7,220
Organization Details
Founding Year
1992
Phone
(919) 682-2800Principal Officer
Nicole J Thompson
Main Address
307 W MAIN ST 102, DURHAM, NC, 27701
Website
www.downtowndurham.comNTEE Category
Code: S31 - Community improvement
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