Overview
What is Downtown Oxford Economic Development Corporation?
The Downtown Oxford Economic Development Corporation serves as a valuable resource for new, expanding, or existing businesses located in Downtown Oxford, North Carolina. Their primary mission is to enhance the education and vitality of the local business community. They achieve this by promoting Downtown Oxford as an attractive shopping destination through various means such as advertisements, physical improvements, and events. The corporation acts as a catalyst for growth and development in the area, ultimately aiming to boost the overall reputation and appeal of Downtown Oxford as a thriving commercial hub.
Official website here: www.oxfordnc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating
The Downtown Oxford Economic Development Corporation has earned a Three-Star rating from Charity Navigator, reflecting a solid score of 76%. This rating is primarily based on Accountability & Finance, indicating a transparent financial operation and responsible management of resources. The organization demonstrates strong governance through its completely independent board, achieving full marks in both independent board membership and size.
Strengths highlighted include a favorable liabilities to assets ratio of 0.04% and a high program expense ratio of 91.53%, which suggests that the majority of its funding is directed towards its mission-driven programs. Additionally, the organization maintains thorough documentation of board meeting minutes and complies with the requirement to list its website on the tax form.
However, the organization has areas that need improvement, particularly in governance policies. The absence of a conflict of interest policy, whistleblower policy, and document retention and destruction policy resulted in zero points in those categories. Addressing these gaps could enhance its accountability and transparency further, solidifying its standing with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Downtown Oxford Economic Development Corporation legitimate?
Downtown Oxford Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Oxford Economic Development 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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Official website here: www.oxfordnc.org
What is the mission statement of Downtown Oxford Economic Development Corporation?
The Downtown Oxford Economic Development Corporation's mission is centered around supporting the business community in downtown Oxford. Acting as a resource for both new and established businesses, their primary goal is to promote the area as a thriving shopping destination. They accomplish this through various means, including advertisements, physical improvements, and organizing events. The corporation's mission is essentially to contribute to the vitality and success of downtown businesses.
Official website here: www.oxfordnc.org
What is the revenue of Downtown Oxford Economic Development Corporation?
Downtown Oxford Economic Development Corporation's revenue in 2024 was $66,466.
Official website here: www.oxfordnc.org
Who are the executives of Downtown Oxford Economic Development Corporation and what are their salaries?
There 14 volunteers at Downtown Oxford Economic Development Corporation.
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Official website here: www.oxfordnc.org
Where can I find the form 990 for Downtown Oxford Economic Development Corporation?
Downtown Oxford Economic Development Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.oxfordnc.org
Learn more at the official website: www.oxfordnc.org
Mission Statement of Downtown Oxford Economic Development Corporation
The Downtown Oxford Economic Development Corporation, in its mission, strives to foster the educational and lively atmosphere of the downtown business community. Serving as a valuable resource for both new and established businesses, the corporation plays a significant role in promoting Downtown Oxford, North Carolina, as an appealing destination for shopping and socializing. Through various means, including advertisements, physical improvements, and events, the corporation works tirelessly to enhance the visibility and allure of the downtown area, ultimately contributing to the prosperity of its businesses.
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Impact
October, 2024
The Downtown Oxford Economic Development Corporation significantly enhances the economic vitality and overall appeal of the downtown Oxford business community. By serving as a vital resource for new, expanding, and existing businesses, it promotes a strong entrepreneurial environment. This organization actively markets downtown Oxford, NC, as a desirable destination for shopping and socializing through targeted advertising, physical improvements, and community events.
Its focus on education ensures that local businesses are equipped with the knowledge and resources necessary to thrive. The corporation's initiatives foster a sense of community, attract visitors, and encourage local spending, ultimately contributing to the renewal and vitality of the downtown area. Through these efforts, it plays a crucial role in driving economic development and improving the quality of life for residents and visitors alike.
This information is meant to be a general summary of Downtown Oxford Economic Development 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 2024.
- Investment Income: $7,752
- Gross Receipts: $66,466
Assets and Liabilities:
- Total Assets: $208,012
- Total Liabilities: $98
- Net Assets: $207,914
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Organization Details
Founding Year
1996
Principal Officer
Pierre Gingue
Website
www.oxfordnc.orgNTEE Category
Code: S30Z - Community improvement
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