Overview
What is Historic Downtown Gallatin Inc?
Historic Downtown Gallatin Inc is a nonprofit organization situated in Gallatin, Tennessee, specifically at 146 N Water. The primary focus of this organization is the revitalization of the downtown area of Gallatin, aiming to enhance its overall appeal and vitality. With a small team of dedicated individuals, Historic Downtown Gallatin Inc works tirelessly to breathe new life into the community's central district.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating
Historic Downtown Gallatin Inc has received a Three-Star rating from Charity Navigator, indicating a score of 76%. This rating is primarily based on the organization's Accountability & Finance performance, scoring full points in several areas such as having a majority of independent board members and no material diversion of assets. The organization has successfully demonstrated financial responsibility and governance, which are critical components of nonprofit effectiveness.
Despite its strengths, there are notable gaps in the organization's policies, particularly concerning conflict of interest and whistleblower policies, which are currently missing. These shortcomings are reflected in the lower points awarded in those areas, suggesting that while the organization is financially sound, there may be vulnerabilities in its governance practices that warrant attention.
Overall, Historic Downtown Gallatin Inc showcases solid financial management and a commitment to transparent operations. However, enhancing its governance policies could further strengthen its accountability and potentially improve its rating in future assessments.
This AI summary has been generated from information found on Charity Navigator.
Is Historic Downtown Gallatin Inc legitimate?
Historic Downtown Gallatin Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Historic Downtown Gallatin 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: $58,078
For more financial information, click here
What is the mission statement of Historic Downtown Gallatin Inc?
Historic Downtown Gallatin Inc's primary mission is centered around revitalizing the downtown area. This organization strives to breathe new life into the downtown sector, aiming to enhance its overall appeal and vitality. By focusing on this revitalization, Historic Downtown Gallatin Inc seeks to contribute positively to the community and foster a more vibrant and engaging urban environment.
Who is the CEO of Historic Downtown Gallatin Inc?
Donna Belote is the Executive Di of Historic Downtown Gallatin Inc.
What is the revenue of Historic Downtown Gallatin Inc?
Historic Downtown Gallatin Inc's revenue in 2022 was $185,306.
Who are the executives of Historic Downtown Gallatin Inc and what are their salaries?
The average compensation at Historic Downtown Gallatin Inc during 2022 was $58,078. There is 1 employee at Historic Downtown Gallatin Inc.
Here are 14 key members and their salaries:
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Where can I find the form 990 for Historic Downtown Gallatin Inc?
Historic Downtown Gallatin Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Historic Downtown Gallatin Inc
Historic Downtown Gallatin Inc, as its name suggests, is primarily focused on revitalizing the downtown area of Gallatin, Tennessee. Their mission is a proactive one, aiming to breathe new life into the downtown sector of this town. This nonprofit organization works tirelessly to enhance the aesthetic and economic appeal of the downtown area, thereby contributing to its overall development and growth.
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Impact
October, 2024
Historic Downtown Gallatin Inc plays a vital role in revitalizing the downtown area of Gallatin, TN, fostering community improvement and enhancing the local economy. Through its initiatives, the organization breathes new life into the downtown district, attracting visitors and residents alike. This revitalization promotes local businesses, encourages economic development, and enhances the overall aesthetic and cultural appeal of the area. By focusing on community engagement and improvement, Historic Downtown Gallatin Inc contributes significantly to the quality of life for residents and the town's attractiveness for newcomers and tourists.
This information is meant to be a general summary of Historic Downtown Gallatin 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.
- Investment Income: $70
- Program Service Revenue: $45,710
- Gross Receipts: $187,906
Assets and Liabilities:
- Total Assets: $153,791
- Total Liabilities: $1,022
- Net Assets: $152,769
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTALS
Revenue
$25,430
OTHER PROGRAM REVENUE
Revenue
$20,200
T SHIRT SALES
Revenue
$80
Organization Details
Phone
(615) 452-5692Principal Officer
Donna Belote
Main Address
146 N WATER, GALLATIN, TN, 37066
NTEE Category
Code: S31 - Community improvement
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