Overview
What is Saint Paul Downtown Alliance?
Saint Paul Downtown Alliance is a nonprofit organization situated in Saint Paul, Minnesota, at 401 Robert Street N STE 150. Its primary objective is to enhance and improve the downtown experience for both workers and visitors, predominantly through placemaking and activating public realms. The organization operates on a modest and lean budget, primarily funded through annual contributions from both the private and public sectors, with additional funds raised for specific programs and opportunities. Established in 2018, the alliance has three standing committees: Downtown Experience, Employer Expansion, and SSD (Special Service District) Feasibility, each contributing to its mission of bettering the downtown area.
Official website here: www.stpdowntownalliance.org/
What are the reviews and ratings of this charity?
Charity Navigator rating: 97%, Four-Star out of Four Star rating.
The Saint Paul Downtown Alliance has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 97% in this category, indicating a solid operational foundation and effective financial practices. The high score is primarily due to its excellent governance structure, with 100% of board members being independent and a transparent approach to financial oversight.
Among its strengths, the Alliance demonstrates a robust program expense ratio of 82.58%, signifying that a significant portion of its funds is allocated directly to its programs. Furthermore, with a fundraising efficiency ratio of just $0.01, the organization effectively manages its fundraising efforts, ensuring minimal costs relative to donations received. This highlights the Alliance's commitment to maximizing resources for community impact.
While the financial metrics are commendable, the organization could focus on improving its working capital ratio, which stands at 0.87 years. This aspect may indicate a need for better liquidity management. Overall, the Saint Paul Downtown Alliance exemplifies a well-managed nonprofit with a strong commitment to accountability and a clear focus on its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Saint Paul Downtown Alliance legitimate?
Saint Paul Downtown Alliance is a legitimate nonprofit organization registered as a 501(c)(3) entity. Saint Paul Downtown Alliance 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: $164,296
Professional Fundraising Fees: $0
Other Salaries and Wages: $180,855
For more financial information, click here
Official website here: www.stpdowntownalliance.org/
What is the mission statement of Saint Paul Downtown Alliance?
The Saint Paul Downtown Alliance operates with a modest budget, primarily funded through annual contributions from both the private and public sectors. It supplements this with additional fundraising for specific programs and opportunities. Established in 2018, the alliance formed three standing committees: Downtown Experience, Employer Expansion, and SSD (Special Service District) Feasibility, to support its objectives. The organization's mission is centered around enhancing the downtown area, promoting employer growth, and exploring the feasibility of a Special Service District. It strives to contribute positively to the overall development and vitality of the downtown community.
Official website here: www.stpdowntownalliance.org/
Who is the CEO of Saint Paul Downtown Alliance?
Joseph Spencer is the Executive Di of Saint Paul Downtown Alliance.
Official website here: www.stpdowntownalliance.org/
What is the revenue of Saint Paul Downtown Alliance?
Saint Paul Downtown Alliance's revenue in 2022 was $2,786,238.
Official website here: www.stpdowntownalliance.org/
Who are the executives of Saint Paul Downtown Alliance and what are their salaries?
Here are 21 key members and their salaries:
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Official website here: www.stpdowntownalliance.org/
Where can I find the form 990 for Saint Paul Downtown Alliance?
Saint Paul Downtown Alliance's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stpdowntownalliance.org/
Learn more at the official website: www.stpdowntownalliance.org/
Mission Statement of Saint Paul Downtown Alliance
The Saint Paul Downtown Alliance, established in 2018, operates with a modest and lean general budget, primarily supported by annual contributions from both the private and public sectors. The organization supplements its main budget with additional fundraising for specific programs and opportunities. Upon its inception, the alliance formed three standing committees: Downtown Experience, Employer Expansion, and SSD (Special Service District) Feasibility. These committees serve as the foundation for the alliance's mission, which is centered around improving and enhancing the downtown area. By leveraging these committees, the Saint Paul Downtown Alliance strives to create a vibrant and appealing downtown environment that attracts both businesses and residents, while also fostering a sense of community and economic growth.
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Impact
July, 2024
The Saint Paul Downtown Alliance has had a significant impact on the community by focusing on enhancing the downtown experience for both workers and visitors. Through placemaking initiatives and public realm activations, the Alliance has worked to improve the overall atmosphere and vibrancy of downtown Saint Paul. Additionally, their efforts in employer expansion and exploring the feasibility of a Special Service District have contributed to the economic growth and development of the area. Their business model, supported by private and public sector contributions, has allowed them to effectively execute programs and initiatives that benefit the community and drive positive change in downtown Saint Paul.
This information is meant to be a general summary of Saint Paul Downtown Alliance. 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: $973
- Gross Receipts: $2,786,238
Assets and Liabilities:
- Total Assets: $1,939,879
- Total Liabilities: $298,600
- Net Assets: $1,641,279
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Organization Details
Founding Year
2018
Phone
(651) 321-4427Principal Officer
Joseph Spencer
Main Address
401 ROBERT ST N STE 150, SAINT PAUL, MN, 55101
Website
www.stpdowntownalliance.org/NTEE Category
Code: S20 - Community improvement
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