Overview
What is Downtown Kingsport Association Inc?
Downtown Kingsport Association Inc, located at 400 Clinchfield St Ste 100, Kingsport, TN 37660, is a nonprofit organization dedicated to boosting the cultural, civic, and economic activities in the downtown area. Their primary objective is to uplift local community life by promoting downtown Kingsport merchants and businesses, thereby stimulating economic growth. Furthermore, they advocate for the provision of services that contribute to the enhancement of the downtown area. Additionally, they are actively involved in property development, utilizing previously unused spaces, and serve as an influential voice for over 130 downtown businesses.
Official website here: www.downtownkingsport.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%, Zero-Star out of Four Star rating
The Downtown Kingsport Association Inc has received a low overall score of 33% from Charity Navigator, which translates to a Zero-Star rating. This indicates significant concerns regarding the organization's accountability and financial practices, suggesting that it may not be effectively managing its resources or adhering to best practices in nonprofit governance.
Despite having a fully independent board composed of 12 members and no reported material diversion of assets, the organization has several critical shortcomings. Notably, it lacks essential policies such as a conflict of interest policy, a whistleblower policy, and document retention protocols. Furthermore, the absence of a website listed on its tax form and failure to post required documents online raise questions about transparency and accessibility.
Financially, the Downtown Kingsport Association has a liabilities-to-assets ratio of 15.57% and a program expense ratio of only 30.93%. These figures indicate potential issues with financial health and sustainability, suggesting that a significant portion of its resources may not be directed towards its programs and mission. Overall, potential donors and stakeholders should consider these factors carefully.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Downtown Kingsport Association Inc?
100% of 38 reviewers on Facebook recommend the Downtown Kingsport Association Inc. Here's a summary of their reviews:
Many users express a strong appreciation for the organization's community involvement, highlighting their helpfulness and informative nature. The reviewers specifically commend the staff for their dedication and support, indicating a positive experience with their services.
Overall, there is a palpable sense of community spirit surrounding the association, with individuals feeling that they contribute significantly to the local area and its residents.
This AI summary has been generated from reviews found on Facebook.
Is Downtown Kingsport Association Inc legitimate?
Downtown Kingsport Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Kingsport 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: $0
For more financial information, click here
Official website here: www.downtownkingsport.org
What is the mission statement of Downtown Kingsport Association Inc?
The Downtown Kingsport Association Inc's mission is centered around promoting the cultural, civic, and economic activities of a specific area. Their primary objective is to enhance the local community. This is achieved by promoting local merchants and businesses to stimulate economic growth. Additionally, they advocate for the provision of services that improve the downtown area. The organization also plays a role in the development of previously unused property and acts as a voice for over 130 businesses located within the downtown area.
Official website here: www.downtownkingsport.org
What is the revenue of Downtown Kingsport Association Inc?
Downtown Kingsport Association Inc's revenue in 2023 was $186,041.
Official website here: www.downtownkingsport.org
Who are the executives of Downtown Kingsport Association Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.downtownkingsport.org
Where can I find the form 990 for Downtown Kingsport Association Inc?
Downtown Kingsport Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.downtownkingsport.org
Learn more at the official website: www.downtownkingsport.org
Mission Statement of Downtown Kingsport Association Inc
Downtown Kingsport Association Inc is dedicated to enhancing the local community by promoting cultural, civic, and economic activities in the Downtown Kingsport area. This nonprofit organization aims to boost the economic growth of the region by advocating for and promoting Downtown Kingsport merchants and businesses. Additionally, Downtown Kingsport Association Inc works to provide services that enhance the Downtown area, acting as a voice for over 130 businesses located there. Furthermore, the association encourages the development of previously unused properties in the Downtown area, contributing to the overall development and revitalization of the community.
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Impact
October, 2024
Downtown Kingsport Association Inc significantly enhances the local community by fostering cultural, civic, and economic activities in the downtown area. This organization promotes engagement and collaboration among over 130 local businesses, driving economic growth and revitalizing the downtown landscape. By advocating for services that enrich the community, the association plays a vital role in encouraging development of previously unused properties, ensuring a vibrant and inviting space for residents and visitors alike. Their efforts not only spotlight local merchants but also contribute to a strong sense of community pride and identity, making Downtown Kingsport a desirable place to live, work, and visit. Through various initiatives, they create an environment that supports cultural events and community involvement, ultimately leading to a thriving downtown atmosphere that benefits everyone.
This information is meant to be a general summary of Downtown Kingsport 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 2023.
- Program Service Revenue: $67,982
- Gross Receipts: $186,041
Assets and Liabilities:
- Total Assets: $120,764
- Total Liabilities: $9,542
- Net Assets: $111,222
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPECIAL EVENTS
Revenue
$67,982
Organization Details
Founding Year
2016
Principal Officer
Frank Lett
Website
www.downtownkingsport.orgNTEE Category
Code: S12 - Community improvement
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