Overview
What is The Downtown Amherst Foundation Inc?
The Downtown Amherst Foundation Inc, located at 35 South Pleasant Street, Amherst, MA 01002, is a nonprofit organization with a mission to foster a vibrant, aesthetically pleasing, and culturally diverse community in downtown Amherst. This is achieved through the creation and sustenance of cultural events, programs, and initiatives. The foundation employs a team of 12 individuals, who work tirelessly to ensure the thriving and continued success of this cultural college community.
Official website here: www.downtownamherst.foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Downtown Amherst Foundation Inc has received a high rating of 92%, reflecting strong accountability and financial health. This rating is primarily based on the organization's performance in financial management, where it scored full points in several key areas, including independent board member presence and the absence of asset diversion. The foundation maintains a solid financial structure with a liabilities-to-assets ratio of just 0.72%, indicating good stability.
One of the standout features of this nonprofit is its commitment to transparency and good governance, demonstrated by its comprehensive policies on conflicts of interest and whistleblower protections. Additionally, the foundation actively documents its board meeting minutes, which enhances accountability. The foundation's financial focus is evident, as it allocates a substantial 95.82% of its expenses directly to its programs, showcasing its dedication to fulfilling its mission.
While the foundation's scores are impressive, potential donors and stakeholders should consider that the rating is derived solely from financial metrics. There may be other qualitative measures of effectiveness and impact that are not captured in this rating, which can be vital for a complete understanding of the foundation's overall performance.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Downtown Amherst Foundation Inc?
100% of the five reviews on Facebook recommend The Downtown Amherst Foundation Inc. Here is a summary of their feedback:
The organization is praised for its vision and dedication to enhancing the downtown area of Amherst, fostering a vibrant community atmosphere. Reviewers highlight the positive impact of events organized by the Amherst Business Improvement District, especially noting how local businesses, like mindfulness centers, have benefited from these initiatives.
Overall, the sentiment reflects strong support for the foundation's efforts, with many expressing appreciation for its role in revitalizing the community and creating opportunities for local businesses to thrive. The enthusiasm for the annual Block party and similar events showcases a sense of community spirit and connection among residents and business owners.
This AI summary has been generated from reviews found on Facebook.
Is The Downtown Amherst Foundation Inc legitimate?
The Downtown Amherst Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Downtown Amherst Foundation 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: $112,327
For more financial information, click here
Official website here: www.downtownamherst.foundation
What is the mission statement of The Downtown Amherst Foundation Inc?
The Downtown Amherst Foundation Inc's mission is centered around enhancing Downtown Amherst. Their primary objective is to establish a vibrant, aesthetically pleasing, and diverse cultural community. They achieve this by creating and fostering culture, beauty, and programming within the area. This initiative aims to ensure the thriving existence of this community, which is primarily composed of a college population.
Official website here: www.downtownamherst.foundation
What is the revenue of The Downtown Amherst Foundation Inc?
The Downtown Amherst Foundation Inc's revenue in 2023 was $658,104.
Official website here: www.downtownamherst.foundation
Who are the executives of The Downtown Amherst Foundation Inc and what are their salaries?
The average compensation at The Downtown Amherst Foundation Inc during 2023 was $9,361. There are 12 employees and 13 volunteers at The Downtown Amherst Foundation Inc.
Here are 12 key members and their salaries:
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Official website here: www.downtownamherst.foundation
Where can I find the form 990 for The Downtown Amherst Foundation Inc?
The Downtown Amherst Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.downtownamherst.foundation
Learn more at the official website: www.downtownamherst.foundation
Mission Statement of The Downtown Amherst Foundation Inc
The Downtown Amherst Foundation Inc is dedicated to enriching the cultural landscape of its community. Their mission is to foster a thriving, attractive, and diverse cultural environment in the heart of the college community. They achieve this by creating and building culture, beauty, and programming in downtown Amherst. This nonprofit organization aims to ensure that the area remains vibrant and inclusive, providing a space where individuals from various backgrounds can come together and engage in a rich cultural experience.
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Impact
July, 2024
The Downtown Amherst Foundation Inc has a significant impact on the community by building and creating culture, beauty, and programming in downtown Amherst. By ensuring a thriving, beautiful, and diverse cultural college community, this organization plays a crucial role in enhancing the overall quality of life in the city. Through their mission of community improvement, they contribute to making downtown Amherst a more vibrant and attractive place for residents and visitors alike.
This information is meant to be a general summary of The Downtown Amherst Foundation 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: $339,886
- Gross Receipts: $658,104
Assets and Liabilities:
- Total Assets: $839,467
- Total Liabilities: $6,093
- Net Assets: $833,374
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THE DRAKE REVENUE
Revenue
$339,886
Organization Details
Founding Year
2019
Principal Officer
Antonios Maroulis
NTEE Category
Code: S20 - Community improvement
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