Overview
What is Wilmington Downtown Inc?
Wilmington Downtown Inc, based at 226 N Front Street Suite 130, Wilmington, NC 28401, is a distinguished nonprofit organization. Its primary mission is to stimulate the economic growth and development of downtown Wilmington, contributing to its reputation as a culturally rich and economically thriving hub within the southeast region. The organization, with a team of only two dedicated individuals, focuses on enhancing the area's overall vitality and quality of life, making it a renowned destination both nationally and beyond.
Official website here: www.wilmingtondowntown.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Wilmington Downtown Inc has earned a commendable Four-Star rating from Charity Navigator, reflecting a strong emphasis on accountability and finance. The charity's overall score is based solely on its impressive performance in the Accountability & Finance category, where it secured a score of 96%. This rating indicates a high level of transparency and effective financial management within the organization.
The evaluation highlights several organizational strengths, including having 100% independent board members and an effective audit and oversight committee. Additionally, the charity maintains low liabilities to assets, showcasing solid financial health with a ratio of 8.23%. A substantial portion of its expenses (85.91%) is directed towards programs, underscoring its commitment to impactful community services.
While the data does not detail specific programmatic outcomes or stakeholder feedback, the overall financial metrics and governance structure offer a positive outlook on Wilmington Downtown Inc's operations. The strong policies in place, such as conflict of interest and whistleblower protections, further enhance its credibility and commitment to ethical standards in nonprofit management.
This AI summary has been generated from information found on Charity Navigator.
Is Wilmington Downtown Inc legitimate?
Wilmington Downtown Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wilmington Downtown 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:
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Other Salaries and Wages: $38,952
For more financial information, click here
Official website here: www.wilmingtondowntown.com
What is the mission statement of Wilmington Downtown Inc?
Wilmington Downtown Inc, as an organization, is committed to fostering the economic growth and development of its downtown area. This mission is geared towards enhancing the economic prosperity and cultural vibrancy of the downtown sector, which has gained national recognition for its exceptional quality of life. The primary goal of Wilmington Downtown Inc is to contribute to the overall development of the downtown area, thereby benefiting the community as a whole.
Official website here: www.wilmingtondowntown.com
Who is the CEO of Wilmington Downtown Inc?
Thomas Davis is the Chair of Wilmington Downtown Inc.
Official website here: www.wilmingtondowntown.com
What is the revenue of Wilmington Downtown Inc?
Wilmington Downtown Inc's revenue in 2023 was $806,553.
Official website here: www.wilmingtondowntown.com
Who are the executives of Wilmington Downtown Inc and what are their salaries?
The average compensation at Wilmington Downtown Inc during 2023 was $19,476. There are 2 employees and 40 volunteers at Wilmington Downtown Inc.
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Official website here: www.wilmingtondowntown.com
Where can I find the form 990 for Wilmington Downtown Inc?
Wilmington Downtown Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wilmingtondowntown.com
Learn more at the official website: www.wilmingtondowntown.com
Mission Statement of Wilmington Downtown Inc
Wilmington Downtown Inc, as a nonprofit organization, is committed to fostering the economic growth and development of downtown Wilmington. Their mission is geared towards enhancing the economic prosperity of this culturally rich and vibrant area, which has garnered national recognition for its exceptional quality of life. The organization's primary goal is to contribute to the overall development of downtown Wilmington, positioning it as a leading center in the southeast region.
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Impact
July, 2024
Wilmington Downtown Inc has had a significant impact on the economic growth and development of downtown Wilmington. Through its efforts, downtown Wilmington has become a culturally vibrant and economically prosperous center in the southeast region. The organization's work has also contributed to the national recognition of downtown Wilmington for its outstanding quality of life. Their focus on community improvement has helped to create a thriving and dynamic downtown area that benefits residents, businesses, and visitors alike.
This information is meant to be a general summary of Wilmington Downtown 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: $9,588
- Program Service Revenue: $560,557
- Gross Receipts: $806,553
Assets and Liabilities:
- Total Assets: $1,098,913
- Total Liabilities: $90,471
- Net Assets: $1,008,442
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Municipal Services Dis
Revenue
$560,557
Organization Details
Founding Year
1992
Phone
(910) 998-7744Principal Officer
Thomas Davis
Main Address
226 N Front Street Suite 130, Wilmington, NC, 28401
Website
www.wilmingtondowntown.comNTEE Category
Code: S31 - Community improvement
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