Overview
What is Downtown Morehead City Inc?
Downtown Morehead City Inc, located in Morehead City, North Carolina, is a nonprofit organization dedicated to enhancing its downtown area. Their primary goal is to foster a vibrant and sustainable downtown environment by promoting its assets and maximizing economic opportunities, all while preserving its coastal lifestyle. Through their initiatives, 11 new businesses were welcomed, and 16 facades received improvements during the 2020-2021 period. Volunteers contributed significantly to this cause, logging 527 hours. Their mission is to revitalize downtown Morehead City, NC, aiming to improve various aspects of the area, ensuring it remains an attractive destination. With a small team of three employees, they continue to invest in the growth and preservation of the downtown area.
Official website here: www.downtownmoreheadcity.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
Downtown Morehead City Inc has received a 76% score from Charity Navigator, indicating a moderate level of effectiveness and trustworthiness in its operations. This rating is derived solely from its Accountability & Finance performance, where the organization demonstrated strong governance practices, including having a fully independent board with no material diversion of assets.
The strengths of Downtown Morehead City Inc include its high program expense ratio of 99.13%, suggesting that nearly all of its expenditures are directed towards its mission-driven programs. Additionally, the organization maintains a favorable liabilities to assets ratio of 3.15%, reflecting sound financial health.
However, there are notable limitations in the governance policies, as the organization lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which could hinder transparency and accountability. Addressing these gaps could enhance the organization’s overall rating and instill greater trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Downtown Morehead City Inc?
98% of 17 reviewers on Facebook recommend Downtown Morehead City Inc. Here is a summary of their reviews:
The overwhelming majority of feedback highlights a positive sentiment towards the organization and the community it represents. Many users express a fondness for their time spent in Morehead City, noting that it is a nice place to live and visit. This suggests that the nonprofit plays a significant role in promoting the charm and appeal of the downtown area.
Overall, it seems that Downtown Morehead City Inc successfully creates a favorable impression among residents and visitors alike, contributing to a vibrant community atmosphere that people appreciate.
This AI summary has been generated from reviews found on Facebook.
Is Downtown Morehead City Inc legitimate?
Downtown Morehead City Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Morehead City 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $99,646
For more financial information, click here
Official website here: www.downtownmoreheadcity.com
What is the mission statement of Downtown Morehead City Inc?
Downtown Morehead City Inc's mission is centrally focused on revitalizing and enhancing a specific urban area as a desirable destination. This is achieved by fostering a comprehensive and sustainable rejuvenation process, aimed at improving various aspects of the downtown area. The organization's activities are geared towards promoting the region's strengths, maximizing economic opportunities, and preserving the local lifestyle, while simultaneously fostering growth. In the 2020-2021 period, 11 new businesses were established, 16 facades were enhanced, and significant investments were made to further develop and safeguard the downtown area. Volunteers also contributed extensively, logging a total of 527 hours.
Official website here: www.downtownmoreheadcity.com
Who is the CEO of Downtown Morehead City Inc?
Unavailable
Official website here: www.downtownmoreheadcity.com
What is the revenue of Downtown Morehead City Inc?
Downtown Morehead City Inc's revenue in 2022 was $159,523.
Official website here: www.downtownmoreheadcity.com
Who are the executives of Downtown Morehead City Inc and what are their salaries?
The average compensation at Downtown Morehead City Inc during 2022 was $33,215. There are 3 employees and 20 volunteers at Downtown Morehead City Inc.
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Official website here: www.downtownmoreheadcity.com
Where can I find the form 990 for Downtown Morehead City Inc?
Downtown Morehead City Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.downtownmoreheadcity.com
Learn more at the official website: www.downtownmoreheadcity.com
Mission Statement of Downtown Morehead City Inc
Downtown Morehead City Inc, a nonprofit organization, is dedicated to promoting, fostering, and assisting in the restoration of Morehead City, North Carolina's downtown area. Their mission is centered around a comprehensive and sustainable revitalization process, designed to enhance all aspects of the downtown area. This revitalization effort aims to maximize economic opportunities while preserving the coastal lifestyle, ensuring that the downtown area becomes an appealing destination.
In the pursuit of this mission, Downtown Morehead City Inc has made significant strides. During the 2020-2021 period, 11 new businesses opened their doors, contributing to a vibrant and diverse downtown scene. Moreover, the organization played a role in improving 16 facades, further enhancing the aesthetic appeal of the area. Their efforts have not gone unnoticed, as they have also invested in Downtown Morehead City Inc and other related initiatives to ensure the continued growth and preservation of the downtown area.
Volunteers have also played a crucial role in Downtown Morehead City Inc's mission. During the same period, these volunteers logged a total of 527 hours, demonstrating their commitment to the organization's goals. By promoting assets and maximizing economic opportunities, Downtown Morehead City Inc is working tirelessly to create a downtown area that is not only appealing to visitors but also serves as a source of pride for the local community.
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Impact
October, 2024
Downtown Morehead City Inc plays a pivotal role in revitalizing and enhancing the downtown area of Morehead City, NC. By promoting sustainable growth and fostering a vibrant community, the organization has effectively transformed the downtown landscape into a thriving destination.
In 2020-2021 alone, the impact of their efforts is evident in the opening of 11 new businesses and the improvement of 16 facades, which not only beautify the area but also enhance economic opportunities for local entrepreneurs. The financial investments made in downtown serve to bolster its appeal and ensure ongoing development.
Moreover, the commitment of volunteers, who logged 527 hours, demonstrates a strong community engagement, creating a sense of ownership and pride among residents. These combined efforts contribute significantly to preserving the coastal lifestyle while maximizing the area's assets, ensuring that downtown Morehead City remains a lively and attractive destination for both residents and visitors.
This information is meant to be a general summary of Downtown Morehead City 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.
- Program Service Revenue: $316
- Gross Receipts: $225,502
Assets and Liabilities:
- Total Assets: $202,431
- Total Liabilities: $8,069
- Net Assets: $194,362
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Miscellaneous Income
Revenue
$316
Organization Details
Founding Year
1997
Main Address
1001 Arendell St, Morehead City, NC, 28557
Website
www.downtownmoreheadcity.comNTEE Category
Code: S20 - Community improvement
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