Overview
What is Hoboken Business Alliance Inc?
Hoboken Business Alliance Inc is a nonprofit organization that strives to invigorate and improve Hoboken's business sector. They achieve this by fostering collaborative partnerships with local businesses, government, and the community. The alliance aims to create an appealing and prosperous environment where small businesses flourish. Their initiatives include enhancing the appearance of the business district, organizing street fairs and special events, all aimed at increasing consumer engagement and overall business success.
Official website here: www.hobokenalliance.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating)
Hoboken Business Alliance Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 100% for its independent board members and financial oversight, indicating a robust governance structure. With a program expense ratio of 94.58%, it demonstrates a high commitment to directing funds toward its mission.
Despite its strengths, the organization has a few noted weaknesses. It lacks a whistleblower policy and a document retention and destruction policy, which are important for transparency and ethical governance. These shortcomings could be areas for improvement as the alliance continues to grow and serve the community.
Overall, the Hoboken Business Alliance Inc shows a strong commitment to financial responsibility and effective governance. The high program expense ratio suggests that the majority of funds are used for its programs rather than administrative costs, reinforcing its dedication to its mission. Addressing the noted policy gaps could further enhance its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Hoboken Business Alliance Inc legitimate?
Hoboken Business Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hoboken Business Alliance 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: $234,160
Professional Fundraising Fees: $0
Other Salaries and Wages: $265,766
For more financial information, click here
Official website here: www.hobokenalliance.com
What is the mission statement of Hoboken Business Alliance Inc?
The mission of Hoboken Business Alliance Inc is to invigorate and enhance the business environment, fostering a strong connection between businesses, government, and the community. Their goal is to create an attractive and thriving setting that encourages small businesses to prosper. They achieve this by maximizing consumer engagement through collaborative alliances. Their activities include visual improvements and decorative accessories for the business district, as well as organizing street fairs and special events.
Official website here: www.hobokenalliance.com
What is the revenue of Hoboken Business Alliance Inc?
Hoboken Business Alliance Inc's revenue in 2024 was $2,711,947.
Official website here: www.hobokenalliance.com
Who are the executives of Hoboken Business Alliance Inc and what are their salaries?
The average compensation at Hoboken Business Alliance Inc during 2024 was $99,985. There are 5 employees at Hoboken Business Alliance Inc.
Here are 16 key members and their salaries:
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Official website here: www.hobokenalliance.com
Where can I find the form 990 for Hoboken Business Alliance Inc?
Hoboken Business Alliance Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.hobokenalliance.com
Learn more at the official website: www.hobokenalliance.com
Mission Statement of Hoboken Business Alliance Inc
Hoboken Business Alliance, a prominent organization, is committed to energizing and enhancing the business environment in its community. Its mission is to foster collaborative alliances among businesses, government, and the local community. The aim is to create an attractive and thriving environment where small businesses desire to establish and prosper. To achieve this, Hoboken Business Alliance implements programs that boost consumer engagement. These initiatives include visual improvements and decorative accessories for the business district environment, as well as organizing street fairs and special events. The ultimate goal is to elevate the overall business climate, making Hoboken an appealing destination for small businesses to prosper and grow.
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Impact
July, 2024
Hoboken Business Alliance Inc's impact is significant in energizing and enhancing Hoboken's business environment. Through collaborative alliances with businesses, government, and the community, they work to maximize consumer engagement and create a thriving place where small businesses desire to be and thrive. Their programs focus on visual improvements, decorative accessories for the business district environment, and organizing street fairs and special events. Overall, their efforts contribute to the overall improvement and vibrancy of the Hoboken business community, making it an attractive destination for both businesses and consumers.
This information is meant to be a general summary of Hoboken Business Alliance 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 2024.
- Investment Income: $1,376
- Program Service Revenue: $2,710,571
- Gross Receipts: $2,711,947
Assets and Liabilities:
- Total Assets: $915,596
- Total Liabilities: $58,790
- Net Assets: $856,806
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP ASSESSMENTS
Revenue
$2,689,396
SPONSORSHIPS
Revenue
$21,175
Organization Details
Founding Year
2019
Principal Officer
Roxanne Earley
Website
www.hobokenalliance.comNTEE Category
Code: S30 - Community improvement
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