Overview
What is Abilene Improvement Corporation?
The Abilene Improvement Corporation is a nonprofit organization situated in Abilene, Texas, specifically at 400 Pine Street Suite 500. Its primary mission is to stimulate development, growth, and beautification within a designated Tax Increment Financing District. By constructing public buildings, making improvements, and executing various works, this organization aims to combat deterioration and revitalize the district. It serves as a catalyst for community enhancement, contributing to the overall progress and aesthetic appeal of the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, Two-Star out of Four Star rating.
The Abilene Improvement Corporation has received a score of 71%, which reflects its performance in the Accountability and Finance category. This rating indicates that while the organization demonstrates solid financial practices, there may be areas needing improvement to enhance overall effectiveness. The score highlights accountability measures such as a fully independent board and effective document retention practices.
Strengths of the organization include a completely independent board, which is beneficial for governance, and a low liabilities-to-assets ratio, indicating financial stability. Additionally, the program expense ratio is remarkably high at 99.75%, suggesting that the majority of funds raised are directed towards its programs rather than administrative costs. These factors contribute positively to the organization’s credibility and operational efficiency.
However, the overall rating of two stars signifies that there are potential areas for growth and improvement beyond just financial practices. While the financial health appears robust, the organization may need to enhance its overall impact, stakeholder engagement, or transparency to improve its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Abilene Improvement Corporation legitimate?
Abilene Improvement Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Abilene Improvement Corporation 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.
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What is the mission statement of Abilene Improvement Corporation?
The Abilene Improvement Corporation's mission is centered around stimulating development, growth, and beautification within a specific district. This is achieved by combating deterioration through the construction of public buildings, improvements, and works. The corporation's primary goal is to revitalize the district, thereby promoting its overall progress and appeal.
Who is the CEO of Abilene Improvement Corporation?
Mitch Barnett is the Member of Abilene Improvement Corporation.
What is the revenue of Abilene Improvement Corporation?
Abilene Improvement Corporation's revenue in 2022 was -$28,964.
Who are the executives of Abilene Improvement Corporation and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Abilene Improvement Corporation?
Abilene Improvement Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Abilene Improvement Corporation
The Abilene Improvement Corporation, as its name suggests, is committed to stimulating development, growth, and beautification within its designated Tax Increment Financing District. This nonprofit organization aims to combat deterioration by undertaking various public projects, such as the construction of public buildings, improvements, and works. The mission of Abilene Improvement Corporation is to revitalize and enhance the designated area, contributing to a more vibrant and attractive community.
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Impact
October, 2024
The Abilene Improvement Corporation plays a significant role in enhancing the quality of life in Abilene, Texas, through strategic initiatives aimed at revitalizing the Tax Increment Financing District. By focusing on development, growth, and beautification, the Corporation addresses urban deterioration and fosters an environment that encourages investment and community pride.
Through the construction of public buildings and improvements, the Corporation not only combats blight but also creates functional and aesthetically pleasing spaces for residents and visitors. These initiatives stimulate economic growth by attracting businesses and enhancing property values, ultimately contributing to a more vibrant community.
The Corporation's efforts result in enhanced public spaces, increased accessibility, and enriched community interactions, promoting a strong sense of belonging and local identity. Overall, the impact of the Abilene Improvement Corporation manifests in a healthier, more engaged community that benefits from improved infrastructure and an inviting urban landscape.
This information is meant to be a general summary of Abilene Improvement Corporation. 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: -$68,964
- Gross Receipts: $342,741
Assets and Liabilities:
- Total Assets: $5,256,066
- Total Liabilities: $1,000,000
- Net Assets: $4,256,066
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Organization Details
Founding Year
1987
Phone
(325) 677-7241Principal Officer
Mitch Barnett
Main Address
400 PINE ST STE 500, ABILENE, TX, 79601
NTEE Category
Code: S200 - Community improvement
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