Overview
What is Uptown Lexington Inc?
Uptown Lexington Inc is a nonprofit organization based in Lexington, North Carolina, with a mission to revitalize the city's historic Uptown center. Their primary objective is to create an environment conducive to the ongoing development of the district, making it the community's economic, cultural, and social hub. They employ a strategic approach inspired by the National Main Street Center's Four Point Approach: organization to build consensus, design to enhance physical appearance, promotion to market assets, and economic vitality to strengthen the district's economic base. Uptown Lexington Inc organizes various events throughout the year to bring attention to the unique businesses in the area, such as the BBQ Capital Cook-Off, Christmas Open House, and Summer and Christmas Strolls. These events are free and open to the entire community, attracting approximately 10,000 people each. Furthermore, they provide management services for the city of Lexington and have a total of 3 employees. Their work focuses on fostering the growth of the district, ensuring its continued success as a thriving and vibrant community center.
Official website here: www.uptownlexington.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 90% (Four-Star out of Four Star rating)
Uptown Lexington Inc has received a commendable 90% rating from Charity Navigator, reflecting strong performance in accountability and finance. The organization has demonstrated high standards of governance with 100% of its board members being independent and a well-maintained conflict of interest policy. The fiscal year 2023 data indicates that the charity has effectively managed its resources, evidenced by a low liabilities to assets ratio of just 1.11%.
The organization excels in program expenses, with approximately 76.90% of its expenses directed towards its programs. This indicates a commitment to maximizing the impact of its services within the community. The presence of clear policies concerning document retention and governance practices further enhances its credibility and operational transparency.
However, the absence of a whistleblower policy may raise concerns about internal accountability measures. While the overall performance is strong, addressing this gap could further solidify its reputation and ensure a robust framework for internal reporting and adherence to ethical standards.
This AI summary has been generated from information found on Charity Navigator.
Is Uptown Lexington Inc legitimate?
Uptown Lexington Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Uptown Lexington 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: $28,391
Professional Fundraising Fees: $0
Other Salaries and Wages: $23,016
For more financial information, click here
Official website here: www.uptownlexington.com
What is the mission statement of Uptown Lexington Inc?
Uptown Lexington Inc, a management organization, aims to revitalize a historic downtown area, transforming it into a vibrant economic, cultural, and social center. The organization follows the Four Point Approach from the National Main Street Center to achieve its goals, which include building consensus among various groups, enhancing the physical appearance of buildings, promoting the district, and strengthening its economic base. Uptown Lexington Inc utilizes various events, such as BBQ Capital Cook-Off, Christmas Open House, Summer and Christmas Strolls, and Groundhog's Day, to showcase the district's assets and attract visitors, investors, and businesses. Additionally, the organization offers a facade grant program to support sensitive design management systems and explores new opportunities to meet challenges in the district's economic vitality.
Official website here: www.uptownlexington.com
Who is the CEO of Uptown Lexington Inc?
Jeff Smith is the President Elect of Uptown Lexington Inc.
Official website here: www.uptownlexington.com
What is the revenue of Uptown Lexington Inc?
Uptown Lexington Inc's revenue in 2023 was $184,859.
Official website here: www.uptownlexington.com
Who are the executives of Uptown Lexington Inc and what are their salaries?
The average compensation at Uptown Lexington Inc during 2023 was $17,136. There are 3 employees and 150 volunteers at Uptown Lexington Inc.
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Official website here: www.uptownlexington.com
Where can I find the form 990 for Uptown Lexington Inc?
Uptown Lexington Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.uptownlexington.com
Learn more at the official website: www.uptownlexington.com
Mission Statement of Uptown Lexington Inc
Uptown Lexington Inc, a nonprofit organization, is dedicated to fostering the ongoing development of its historic uptown center, positioning it as the community's primary economic, cultural, and social center. The organization's mission is threefold: to build consensus and cooperation among various groups and individuals with an interest in uptown; to enhance the physical appearance of historic buildings, encourage supportive new construction, and develop sensitive design management systems; and to promote the traditional district's assets to customers, potential investors, new businesses, local citizens, and visitors through various events like BBQ Capital Cook-off, Christmas Open House, Summer and Christmas Strolls, and Groundhog's Day. Furthermore, Uptown Lexington Inc strives to strengthen the district's economic base while exploring new opportunities and meeting new challenges through economic vitality initiatives.
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Impact
June, 2024
Uptown Lexington Inc's impact is evident in the revitalization of the Uptown area in Lexington, North Carolina. The organization plays a crucial role in creating a vibrant economic, cultural, and social hub in the community through a variety of initiatives. By organizing events and promotions throughout the year, Uptown Lexington Inc brings awareness to the unique businesses in the area, attracting thousands of visitors to events like the BBQ Capital Cook-Off and Christmas Open House.
Additionally, Uptown Lexington Inc utilizes the National Main Street Center's Four Point Approach to spur growth in the district, focusing on organization, design, promotion, and economic vitality. Through these efforts, the organization fosters consensus among various stakeholders, enhances the physical appearance of historic buildings, markets the district's assets, and strengthens its economic base.
Overall, Uptown Lexington Inc's impact can be seen in the transformation of the Uptown area into a thriving center that benefits the entire community and attracts visitors from near and far.
This information is meant to be a general summary of Uptown Lexington 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: $1,956
- Program Service Revenue: $82,965
- Gross Receipts: $211,358
Assets and Liabilities:
- Total Assets: $141,462
- Total Liabilities: $1,575
- Net Assets: $139,887
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AD VALOREM TAXES
Revenue
$82,965
Organization Details
Founding Year
1993
Phone
(336) 249-0383Principal Officer
Jeff Smith
Main Address
13 EAST FIRST AVENUE, LEXINGTON, NC, 27292
Website
www.uptownlexington.comNTEE Category
Code: C50Z - Environment
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