Overview
What is Cool Spring Downtown District Inc?
Cool Spring Downtown District Inc is a nonprofit organization situated in Fayetteville's city center. Its primary mission is to cultivate and maintain an arts and entertainment district, boosting various cultural events and activities within the downtown area. By doing so, it transforms the district into a lively hub of artistic, cultural, civic, and commercial engagement. This nonprofit serves as a platform for community members to connect, celebrate creativity, and foster a sense of unity.
Official website here: www.visitdowntownfayetteville.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating
Cool Spring Downtown District Inc has achieved an impressive rating of 96%, reflecting a strong commitment to accountability and finance. This rating stems entirely from their performance in this area, indicating a well-managed organization that prioritizes transparency and responsible financial practices.
Strengths of the organization include a fully independent board, with all eight members being independent, which contributes to effective governance. Additionally, they have received perfect scores in several critical areas such as financial oversight and the absence of material diversion of assets, showcasing their integrity and strong operational protocols.
While the organization has demonstrated exceptional financial health, it is important to note that the rating is solely based on accountability and finance metrics. Therefore, prospective donors may want to look for additional information regarding the impact and efficiency of their programs to gain a fuller picture of the organization's overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Cool Spring Downtown District Inc legitimate?
Cool Spring Downtown District Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cool Spring Downtown District 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: $228,594
For more financial information, click here
Official website here: www.visitdowntownfayetteville.com
What is the mission statement of Cool Spring Downtown District Inc?
Cool Spring Downtown District Inc's mission is to establish and maintain an arts and entertainment hub in the city center. This organization actively promotes and encourages various cultural events within the downtown district of an unspecified city. By doing so, Cool Spring Downtown District serves as a lively hub for artistic, cultural, civic, and commercial activities, fostering a sense of community and celebration of creativity.
Official website here: www.visitdowntownfayetteville.com
Who is the CEO of Cool Spring Downtown District Inc?
Molly Arnold is the Chair of Cool Spring Downtown District Inc.
Official website here: www.visitdowntownfayetteville.com
What is the revenue of Cool Spring Downtown District Inc?
Cool Spring Downtown District Inc's revenue in 2023 was $917,731.
Official website here: www.visitdowntownfayetteville.com
Who are the executives of Cool Spring Downtown District Inc and what are their salaries?
The average compensation at Cool Spring Downtown District Inc during 2023 was $57,148. There are 4 employees and 100 volunteers at Cool Spring Downtown District Inc.
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Official website here: www.visitdowntownfayetteville.com
Where can I find the form 990 for Cool Spring Downtown District Inc?
Cool Spring Downtown District Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.visitdowntownfayetteville.com
Learn more at the official website: www.visitdowntownfayetteville.com
Mission Statement of Cool Spring Downtown District Inc
Cool Spring Downtown District, as an organization, is dedicated to establishing and maintaining a thriving arts and entertainment district at the heart of the city. Its mission is to foster and encourage various artistic and cultural events within Fayetteville's Downtown District, transforming it into a lively hub of artistic, cultural, civic, and commercial activities. The district serves as a gathering place where individuals connect and celebrate creativity and community. By promoting and supporting multiple events, Cool Spring Downtown District contributes to making the city center a dynamic and engaging destination for both locals and visitors alike.
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Impact
July, 2024
Cool Spring Downtown District Inc's impact is evident in the vibrant arts and entertainment district it has created in the core of Fayetteville, NC. By promoting and supporting multiple arts and cultural events in the Downtown District, it has transformed the area into a hub of artistic, cultural, civic, and commercial activity. Cool Spring Downtown District serves as a place where people gather to celebrate creativity and foster a sense of community. Its efforts have undoubtedly revitalized the downtown area and enriched the cultural fabric of the city.
This information is meant to be a general summary of Cool Spring Downtown District 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.
- Investment Income: $4
- Program Service Revenue: $145,643
- Gross Receipts: $1,021,543
Assets and Liabilities:
- Total Assets: $340,186
- Total Liabilities: $10,918
- Net Assets: $329,268
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Organization Details
Founding Year
2017
Phone
(910) 723-3753Principal Officer
Molly Arnold
Main Address
222 HAY STREET, FAYETTEVILLE, NC, 28301
NTEE Category
Code: A99 - Arts
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