Overview
What is Downtown Management Corporation Of Fort Myers Florida Inc?
Downtown Management Corporation of Fort Myers Florida Inc is a nonprofit organization located at 1401B LEE STREET, FORT MYERS, FL 33901. Their primary mission is to revitalize and redevelop the River District, a historic, residential, and commercial area. They achieve this by stimulating and supporting cultural, creative, and commercial success, focusing on art, music, theatre, culinary, and retail. Their events, such as Saturday art fairs, bike nights, and holiday celebrations, aim to promote local businesses and attract people to the district for dining, shopping, and entertainment. With a team of four dedicated individuals, they work tirelessly to enhance the River District, constantly striving for improvement and growth.
Official website here: www.myriverdistrict.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
The Downtown Management Corporation Of Fort Myers Florida Inc has received a Three-Star rating from Charity Navigator, indicating a decent level of accountability and financial health. The overall score is derived entirely from a single beacon score focused on accountability and finance, suggesting that the organization has a solid foundation regarding fiscal responsibility.
Strengths include a predominantly independent board with 92% of its members being independent, which is a positive indicator of governance. The organization also shows no material diversion of assets and maintains a good liabilities to assets ratio of 33.24%, demonstrating sound financial management. Additionally, it reports a high program expense ratio of 74.42%, indicating that a significant portion of its resources is directed toward its mission-related activities.
However, the organization does have some limitations that are noteworthy. It is missing key policies such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy, which are critical for ensuring transparency and accountability. These missing elements highlight areas for potential improvement in governance practices within the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Downtown Management Corporation Of Fort Myers Florida Inc legitimate?
Downtown Management Corporation Of Fort Myers Florida Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Management Corporation Of Fort Myers Florida 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: $109,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $52,295
For more financial information, click here
Official website here: www.myriverdistrict.com
What is the mission statement of Downtown Management Corporation Of Fort Myers Florida Inc?
The Downtown Management Corporation's mission, known as the River District Alliance, is centered around stimulating and supporting cultural, creative, and commercial growth in various sectors such as art, music, theatre, culinary, and retail. This initiative is aimed at revitalizing and redeveloping historically, residentially, and commercially significant areas. The organization's vision is to continuously enhance and champion the district with spirit, ambition, and dedication.
Official website here: www.myriverdistrict.com
What is the revenue of Downtown Management Corporation Of Fort Myers Florida Inc?
Downtown Management Corporation Of Fort Myers Florida Inc's revenue in 2024 was $453,787.
Official website here: www.myriverdistrict.com
Who are the executives of Downtown Management Corporation Of Fort Myers Florida Inc and what are their salaries?
The average compensation at Downtown Management Corporation Of Fort Myers Florida Inc during 2024 was $81,022. There are 2 employees and 2400 volunteers at Downtown Management Corporation Of Fort Myers Florida Inc.
Here are 14 key members and their salaries:
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Official website here: www.myriverdistrict.com
Where can I find the form 990 for Downtown Management Corporation Of Fort Myers Florida Inc?
Downtown Management Corporation Of Fort Myers Florida Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.myriverdistrict.com
Learn more at the official website: www.myriverdistrict.com
Mission Statement of Downtown Management Corporation Of Fort Myers Florida Inc
Downtown Management Corporation of Fort Myers Florida Inc, referred to as the River District Alliance, has a mission to stimulate and support cultural, creative, and commercial growth in the heart of the River District. This nonprofit organization aims to revitalize and redevelop valuable historic, residential, and commercial districts by fostering success in art, music, theatre, culinary, and retail sectors. With a vision of constant enhancement and support, the River District Alliance is dedicated to improving the River District with spirit, ambition, and dedication.
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Impact
July, 2024
Downtown Management Corporation of Fort Myers Florida Inc, operating as the River District Alliance, plays a crucial role in stimulating and supporting cultural, creative, and commercial success within the heart of the River District in Fort Myers. By organizing various events such as art fairs, bike nights, holiday celebrations, parades, and more, the organization actively works towards revitalizing and redeveloping the historical, residential, and commercial districts in the area. Through its efforts, the corporation aims to promote downtown businesses of all kinds and attract people to the area to indulge in dining, shopping, and entertainment opportunities. This concerted focus on community improvement serves to enhance the vibrancy and economic vitality of the River District, fostering a dynamic and engaging environment for residents and visitors alike.
This information is meant to be a general summary of Downtown Management Corporation Of Fort Myers Florida 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 2024.
- Investment Income: $7
- Program Service Revenue: $130,304
- Gross Receipts: $453,787
Assets and Liabilities:
- Total Assets: $201,100
- Total Liabilities: $56,097
- Net Assets: $145,003
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ART WALK
Revenue
$38,414
DOWNTOWN COUNTDOWN
Revenue
$10,936
FREEDOM FEST
Revenue
$28,000
MUSIC WALK
Revenue
$18,177
ST PATRICK'S DAY
Revenue
$24,277
Organization Details
Founding Year
1994
Principal Officer
Lisa Sbuttoni
Website
www.myriverdistrict.comNTEE Category
Code: S30 - Community improvement
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