Downtown Miami Partnership Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 591743641 ✦ Miami, FL ✦ Designated as a 501(c)(6)

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Overview

What is Downtown Miami Partnership Inc?

Downtown Miami Partnership Inc is a nonprofit organization dedicated to enhancing the Flagler District. They advocate for the area, attract and retain businesses, shape a distinct district identity, and promote marketing and events, catering to both tourists and locals. By collaborating with the government, they offer cost-sharing facade renovation programs for Downtown merchants, contributing to the district's overall improvement and security.


Official website here: www.downtownmiami.net

Is Downtown Miami Partnership Inc legitimate?

Downtown Miami Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Downtown Miami Partnership Inc submitted a form 990EZ, 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.


Official website here: www.downtownmiami.net

What is the mission statement of Downtown Miami Partnership Inc?

The Downtown Miami Partnership Inc serves as an advocate for a specific district, actively recruiting and retaining businesses within its scope. Its mission is to establish a distinct identity for the area, promote marketing and publicity, encourage local activities for both residents and tourists, and unify strategies for maintenance and improvements. In addition, the partnership enhances security in the district and offers assistance to Downtown merchants by renovating their facades through cost-sharing with the government, aiming to boost the overall appearance and appeal of the businesses.


Official website here: www.downtownmiami.net

Who is the CEO of Downtown Miami Partnership Inc?

Terrell Fritz is the Executive Director of Downtown Miami Partnership Inc.


Official website here: www.downtownmiami.net

What is the revenue of Downtown Miami Partnership Inc?

Downtown Miami Partnership Inc's revenue in 2022 was $107,379.


Official website here: www.downtownmiami.net

Who are the executives of Downtown Miami Partnership Inc and what are their salaries?


Here are 6 key members and their salaries:


Terrell Fritz (Executive Director)
  • Compensation: $72,750
  • Related: $0
  • Other: $0
Dylan Finger (President/Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Pena Giraldi (Vice President/Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sergio Rok (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Ressler (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Alonso (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.downtownmiami.net

Where can I find the form 990EZ for Downtown Miami Partnership Inc?

Downtown Miami Partnership Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.downtownmiami.net

Learn more at the official website: www.downtownmiami.net

Mission Statement of Downtown Miami Partnership Inc

Downtown Miami Partnership Inc plays a crucial role in advocating for the Flagler District, acting as a champion for the area's businesses. The organization's mission is multifaceted, encompassing various tasks to enhance the district's appeal for both tourists and residents. This includes recruiting and retaining businesses, fostering a distinct identity for the district, promoting marketing and promotion efforts, and increasing local activities.

In addition to these tasks, Downtown Miami Partnership Inc takes on the responsibility of unifying strategies for maintenance and improvements within the district. Enhancing security is another important aspect of their mission, ensuring a safe and welcoming environment for all who visit or reside in the area. Furthermore, the partnership assists Downtown merchants by collaborating with the government to renovate their storefronts through cost-sharing initiatives. By doing so, the organization helps to maintain the district's aesthetic appeal and attract more businesses and visitors.

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Impact




October, 2024

Downtown Miami Partnership Inc significantly impacts the Flagler District by fostering economic growth and enhancing the area's overall appeal. The partnership plays a crucial role in recruiting and retaining businesses, helping create a vibrant and diverse commercial landscape.

By promoting a distinct district identity, the partnership enhances marketing efforts that attract both tourists and local residents. This increased visibility leads to a higher foot traffic and encourages local activities, enriching the community’s cultural and social fabric.

The organization also focuses on strategic maintenance and improvements, ensuring that the district remains clean, safe, and welcoming. Its efforts to enhance security contribute to a sense of safety, which is vital for community well-being and business success.

Additionally, the partnership supports local merchants through initiatives such as cost-sharing for facade renovations. This not only beautifies the district but also instills a sense of pride and community among business owners. Overall, Downtown Miami Partnership Inc effectively unifies the various stakeholders in the Flagler District to create a dynamic environment that benefits everyone involved.




This information is meant to be a general summary of Downtown Miami Partnership 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.

Revenue
$107,379 (2022)
Expenses
$112,287 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $34,000
  • Gross Receipts: $123,684

Assets and Liabilities:

  • Total Assets: $59,976
  • Total Liabilities: $17,000
  • Net Assets: $42,976

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Organization Details

Principal Officer

Terrell Fritz

Main Address

169 E Flagler Street Penthouse, Miami, FL, 33131

NTEE Category

Code: S40 - Community improvement

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