Overview
What is Red River Merchants Association Inc?
Red River Merchants Association Inc is a nonprofit organization situated in Austin, Texas, with a postal address at PO BOX 16601. Its primary mission is to attract more customers to the Red River Cultural District, preserving its unique cultural heritage, particularly its reputation as a vibrant hub for local music, art, food, and nightlife in downtown Austin. To achieve this goal, they organize two annual events: Hot Summer Nights and Free Week. These events not only fund musician payments, cover event costs, and manage marketing expenses but also bring pedestrians to the district, benefitting local businesses. In total, the association supports over 300 musicians and contributes to the livelihoods of contractors, staff, and business owners in the area. Word Count: 119
Official website here: www.redriverculturaldistrict.org
Is Red River Merchants Association Inc legitimate?
Red River Merchants Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Red River Merchants Association 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: $131,111
For more financial information, click here
Official website here: www.redriverculturaldistrict.org
What is the mission statement of Red River Merchants Association Inc?
The Red River Merchants Association Inc has a mission to attract more customers to a cultural district, preserving its unique cultural heritage, particularly its status as a hub for local music, art, food, and nightlife. This association aims to enhance the downtown area by organizing events like Free Week and Hot Summer Night, which provide financial support for musicians and cover event costs and marketing expenses. These activities bring more pedestrians to the district, benefiting local businesses and contributing to the prosperity of contractors, staff, and business owners in the area.
Official website here: www.redriverculturaldistrict.org
Who is the CEO of Red River Merchants Association Inc?
Stephen Sternschein is the President of Red River Merchants Association Inc.
Official website here: www.redriverculturaldistrict.org
What is the revenue of Red River Merchants Association Inc?
Red River Merchants Association Inc's revenue in 2022 was $301,555.
Official website here: www.redriverculturaldistrict.org
Who are the executives of Red River Merchants Association Inc and what are their salaries?
The average compensation at Red River Merchants Association Inc during 2022 was $43,704. There are 3 employees at Red River Merchants Association Inc.
Here are 10 key members and their salaries:
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- Compensation: $41,667
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- Compensation: $36,111
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- Other: $0
Official website here: www.redriverculturaldistrict.org
Where can I find the form 990 for Red River Merchants Association Inc?
Red River Merchants Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.redriverculturaldistrict.org
Learn more at the official website: www.redriverculturaldistrict.org
Mission Statement of Red River Merchants Association Inc
Red River Merchants Association Inc is dedicated to accomplishing two primary objectives. Firstly, the organization aims to draw in a larger number of customers to the Red River Cultural District. This district is renowned for its rich cultural heritage and serves as a vibrant hub for local music, art, food, and nightlife in downtown Austin. By attracting more visitors, Red River Merchants Association Inc provides a valuable opportunity for local businesses to thrive.
Secondly, the association is committed to preserving the cultural heritage of the Red River Cultural District. This includes its unique role as a hub for local artists, musicians, and food enthusiasts. By preserving this heritage, Red River Merchants Association Inc ensures that future generations can continue to enjoy and appreciate the area's diverse offerings.
In order to achieve these goals, Red River Merchants Association Inc organizes and funds two annual events: Free Week and Hot Summer Night. These events not only provide entertainment for visitors but also provide financial support for local musicians and cover the costs of events and marketing. By doing so, the association helps to foster a thriving cultural scene in the district, benefiting both local businesses and the community at large.
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Impact
October, 2024
Red River Merchants Association Inc significantly enhances the vibrancy of the Red River Cultural District by attracting more customers and preserving its unique cultural heritage. Through events like Free Week and Hot Summer Nights, the organization funds not only musician payments but also essential costs for hosting and marketing these gatherings. This support benefits over 300 musicians and encourages pedestrian traffic, creating a lively atmosphere that promotes local businesses. By elevating the district as a hub for music, art, food, and nightlife, the association contributes to the economic vitality of downtown Austin, enriching the community and supporting local contractors, staff, and business owners.
This information is meant to be a general summary of Red River Merchants Association 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.
- Gross Receipts: $301,555
Assets and Liabilities:
- Total Assets: $112,692
- Total Liabilities: $0
- Net Assets: $112,692
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Organization Details
Founding Year
2015
Principal Officer
Stephen Sternschein
Main Address
PO BOX 16601, Austin, TX, 78761
NTEE Category
Code: A20 - Arts
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