Overview
What is Downtown Greensboro Inc?
Downtown Greensboro Inc is a nonprofit organization situated in Greensboro, North Carolina, specifically at 532 South Elm Street, 27406. Their primary mission is to stimulate new investment, interest, and economic development within the center city area of Greensboro, North Carolina. They achieve this by leveraging funds collected through property and sales taxes within a designated municipal service district. These funds are utilized for various purposes, including promoting and developing services, facilities, and activities in the district. Their initiatives encompass public space management, economic development initiatives, marketing services, special events, and advocacy activities. The ultimate aim is to position the Downtown Business Improvement District as an attractive and vibrant destination for both locals and visitors. With a team of seven dedicated individuals, Downtown Greensboro Inc is committed to enhancing the economic landscape of their city center.
Official website here: www.downtowngreensboro.org
Is Downtown Greensboro Inc legitimate?
Downtown Greensboro Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Downtown Greensboro 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: $301,230
Professional Fundraising Fees: $0
Other Salaries and Wages: $225,551
For more financial information, click here
Official website here: www.downtowngreensboro.org
What is the mission statement of Downtown Greensboro Inc?
Downtown Greensboro Inc's mission is to encourage and stimulate new investment, interest, and economic development in a specific urban area. Their main goal is to enhance the center city region, making it an appealing and lively destination for both locals and visitors. They achieve this through various initiatives, including public space management, economic development projects, marketing services, organizing special events, and advocating for the district's needs. The organization uses funds collected from property and sales taxes to fund these activities, aiming to position the downtown business improvement district as an attractive and vibrant location.
Official website here: www.downtowngreensboro.org
Who is the CEO of Downtown Greensboro Inc?
Zack Matheny is the CEO of Downtown Greensboro Inc The CEO's salary of Downtown Greensboro Inc is $188,956 and their total compensation is $188,956.
Official website here: www.downtowngreensboro.org
What is the revenue of Downtown Greensboro Inc?
Downtown Greensboro Inc's revenue in 2023 was $2,344,155.
Official website here: www.downtowngreensboro.org
Who are the executives of Downtown Greensboro Inc and what are their salaries?
The average compensation at Downtown Greensboro Inc during 2023 was $47,889. There are 11 employees at Downtown Greensboro Inc.
Here are 24 key members and their salaries (Downtown Greensboro Inc's CEO's salary is $188,956 and their total compensation is $188,956):
- Compensation: $188,956
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- Compensation: $73,252
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Official website here: www.downtowngreensboro.org
Where can I find the form 990 for Downtown Greensboro Inc?
Downtown Greensboro Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.downtowngreensboro.org
Learn more at the official website: www.downtowngreensboro.org
Mission Statement of Downtown Greensboro Inc
Downtown Greensboro Inc, a notable organization, is committed to fostering new investment, interest, and economic development in the central business district of Greensboro, North Carolina. Their primary mission is to stimulate growth and development within this area, positioning it as an attractive, lively destination for both residents and visitors alike. They achieve this goal through various means, including managing public spaces, initiating economic development projects, offering marketing services, organizing special events, and advocating for the district's interests. The organization leverages funds collected from property taxes and sales taxes within the downtown municipal service district to carry out these activities, ultimately working towards transforming the downtown area into a vibrant and desirable location.
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Impact
October, 2024
Downtown Greensboro Inc. plays a pivotal role in enhancing the economic vitality and attractiveness of Greensboro's center city area. By focusing on promoting and stimulating new investment and interest, the organization actively contributes to revitalizing the downtown landscape.
Through targeted initiatives funded by municipal service district resources, Downtown Greensboro Inc. undertakes a variety of projects that enhance public spaces, encourage economic development, and attract new businesses and visitors. These initiatives include marketing endeavors, organizing special events, and advocating for improvements that make downtown Greensboro a vibrant destination for residents, workers, and tourists alike.
By providing crucial support and resources, Downtown Greensboro Inc. fosters a thriving community environment that not only benefits existing businesses but also invites new ones, ultimately leading to job creation and increased economic activity in the area. The holistic approach to improving downtown facilities and services underpins the organization’s mission to ensure that the center city serves as a hub for local culture, commerce, and community engagement.
This information is meant to be a general summary of Downtown Greensboro 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: $12,777
- Program Service Revenue: $1,476,443
- Gross Receipts: $2,345,593
Assets and Liabilities:
- Total Assets: $1,475,493
- Total Liabilities: $48,797
- Net Assets: $1,426,696
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CITY OF GREENSBORO - B
Revenue
$1,218,778
CITY OF GREENSBORO - S
Revenue
$257,665
Organization Details
Founding Year
1996
Principal Officer
Zack Matheny
Website
www.downtowngreensboro.orgNTEE Category
Code: S31 - Community improvement
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