Overview
What is Downtown Partnership Committee Nonprofit Corporation?
The Downtown Partnership Committee Nonprofit Corporation, located in Spartanburg, South Carolina, serves as a collaborative force between the city and county councils. Their primary mission is to stimulate economic development within Spartanburg by engaging in various development projects. This nonprofit organization assists in facilitating urban growth and improvement, contributing positively to the city and county's overall economic landscape.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (71%)
The Downtown Partnership Committee Nonprofit Corporation has received a two-star rating from Charity Navigator, indicating that the organization is in need of improvement in its accountability and financial practices. With a score of 71%, the nonprofit showcases strengths in financial oversight and program expenses, reflecting a commitment to deploying resources effectively towards its mission. However, concerns arise due to the lack of independent board members and transparency issues, particularly regarding governance policies and documentation.
While the organization has an audit and oversight committee that scored perfectly, the absence of independent board members and the failure to maintain public access to key documents, such as tax forms and meeting minutes, point to areas in need of enhancement. Furthermore, certain policies like whistleblower protections and document retention have not been adequately addressed, raising questions about the organization's commitment to ethical standards and accountability.
Overall, while the Downtown Partnership Committee demonstrates sound financial practices, its governance structure and transparency measures require significant improvement to build trust and support from the community and stakeholders. Addressing these weaknesses could help elevate the organization’s rating and overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Downtown Partnership Committee Nonprofit Corporation legitimate?
Downtown Partnership Committee Nonprofit Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Partnership Committee Nonprofit Corporation 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
What is the mission statement of Downtown Partnership Committee Nonprofit Corporation?
The Downtown Partnership Committee Nonprofit Corporation's mission is to contribute to the economic development of a city and county, specifically Spartanburg in this case, through a collaborative effort involving representatives from both the city council and county council. This organization assists the city and county with various development projects with the aim of furthering economic growth. The committee's goal is to work together to boost the local economy, leveraging the collective knowledge and resources of city and county officials.
Who is the CEO of Downtown Partnership Committee Nonprofit Corporation?
Chris Story is the President of Downtown Partnership Committee Nonprofit Corporation.
What is the revenue of Downtown Partnership Committee Nonprofit Corporation?
Downtown Partnership Committee Nonprofit Corporation's revenue in 2022 was $1,566,910.
Who are the executives of Downtown Partnership Committee Nonprofit Corporation and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $172,546
- Other: $38,265
- Compensation: $0
- Related: $129,924
- Other: $31,113
- Compensation: $0
- Related: $101,312
- Other: $26,945
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $9,000
- Other: $0
- Compensation: $0
- Related: $9,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $9,000
- Other: $0
Where can I find the form 990 for Downtown Partnership Committee Nonprofit Corporation?
Downtown Partnership Committee Nonprofit Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Downtown Partnership Committee Nonprofit Corporation
The Downtown Partnership Committee Nonprofit Corporation is committed to aiding the City and County of Spartanburg in their development projects. This organization's mission is to stimulate economic growth in the area by working collaboratively with representatives from both the Spartanburg City Council and Spartanburg County Council. The Downtown Partnership Committee Nonprofit Corporation serves as a catalyst for development projects within the city and county, contributing to their overall progress and prosperity.
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Impact
July, 2024
The Downtown Partnership Committee has had a significant impact on the economic development of Spartanburg by working collaboratively with representatives from both the city and county councils. Their efforts have led to the successful implementation of various development projects that have helped in revitalizing the downtown area and bringing about positive change to the community. Through their public benefit initiatives, the organization plays a crucial role in enhancing the overall quality of life for residents and visitors in Spartanburg.
This information is meant to be a general summary of Downtown Partnership Committee Nonprofit Corporation. 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.
- Gross Receipts: $1,566,910
Assets and Liabilities:
- Total Assets: $4,326,862
- Total Liabilities: $8,049
- Net Assets: $4,318,813
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Organization Details
Founding Year
2020
Phone
(864) 596-2119Principal Officer
Chris Story
Main Address
PO BOX 1749, SPARTANBURG, SC, 293041749
NTEE Category
Code: W20 - Public benefit
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