Overview
What is Downtown Tempe Foundation?
The Downtown Tempe Foundation, located in Tempe, Arizona, is a nonprofit organization with a mission to foster community engagement. They achieve this by organizing large-scale, free events that highlight Downtown Tempe. These events aim to boost sales for local merchants, foster a sense of community, and establish connections between families and visitors. The foundation is committed to presenting a diverse range of cultural components in these events. Their activities are geared towards curating impactful experiences that contribute to a vibrant community atmosphere in Downtown Tempe.
Official website here: www.downtowntempe.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66%, Two-Star out of Four Star rating.
The Downtown Tempe Foundation holds a Two-Star rating from Charity Navigator, indicating a moderate level of effectiveness in its operations. The organization excels in accountability and finance with a strong score of 66%. Key strengths include a fully independent board, comprehensive policies regarding conflicts of interest and whistleblowing, and a high program expense ratio of 93.52%, which suggests that a significant portion of its expenses is directed towards its programs.
However, one notable limitation is the organization's liabilities to assets ratio, which stands at 117.98%. This figure raises concerns about financial stability, indicating that the foundation's liabilities exceed its assets. Additionally, the salary of the Executive Director, Kate Borders, is recorded at $191,220, which could be seen as a significant expense relative to the organization’s income and overall financial health.
Overall, while the Downtown Tempe Foundation demonstrates solid governance and a commitment to programmatic spending, its financial structure warrants further scrutiny to ensure sustainability and effective resource management.
This AI summary has been generated from information found on Charity Navigator.
Is Downtown Tempe Foundation legitimate?
Downtown Tempe Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Tempe Foundation 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
Official website here: www.downtowntempe.com
What is the mission statement of Downtown Tempe Foundation?
The Downtown Tempe Foundation's mission is to create and facilitate diverse and impactful experiences that foster community engagement. By organizing large-scale events, the foundation aims to showcase the vibrancy of Downtown Tempe, generate sales for local merchants, and build a sense of community. These events are free to attend and feature a diverse range of cultural components, providing an opportunity for families and visitors to connect with the downtown area. The foundation's activities are centered around cultivating community engagement and promoting the cultural richness of the downtown area.
Official website here: www.downtowntempe.com
Who is the CEO of Downtown Tempe Foundation?
Kate Borders is the Chair of Downtown Tempe Foundation.
Official website here: www.downtowntempe.com
What is the revenue of Downtown Tempe Foundation?
Downtown Tempe Foundation's revenue in 2022 was $876,919.
Official website here: www.downtowntempe.com
Who are the executives of Downtown Tempe Foundation and what are their salaries?
There 300 volunteers at Downtown Tempe Foundation.
Here are 7 key members and their salaries:
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- Related: $175,646
- Other: $22,833
Official website here: www.downtowntempe.com
Where can I find the form 990 for Downtown Tempe Foundation?
Downtown Tempe Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.downtowntempe.com
Learn more at the official website: www.downtowntempe.com
Mission Statement of Downtown Tempe Foundation
The Downtown Tempe Foundation is committed to creating a vibrant and engaged community by organizing diverse and impactful events. Their mission is to curate these experiences, which not only showcase the charm of Downtown Tempe but also foster a sense of unity among locals and visitors. The foundation's events are free to attend, appealing to a wide range of cultural backgrounds, and aim to generate sales for local merchants. By hosting these events, the Downtown Tempe Foundation strives to establish a strong connection between families and visitors, ultimately strengthening the community as a whole.
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Impact
July, 2024
The Downtown Tempe Foundation's impact lies in curating diverse and impactful experiences that foster community engagement. Through their large-scale events showcasing Downtown Tempe, the Foundation aims to boost sales for local merchants, foster a sense of community, and establish connections for families and visitors to the area. These events, which are always free to attend, feature a wide range of cultural components, enriching the community and promoting inclusivity.
This information is meant to be a general summary of Downtown Tempe Foundation. 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.
- Program Service Revenue: $676,141
- Gross Receipts: $876,919
Assets and Liabilities:
- Total Assets: $5,500
- Total Liabilities: $61,390
- Net Assets: -$55,890
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT REVENUE
Revenue
$676,141
Organization Details
Founding Year
2009
Phone
(480) 355-6060Principal Officer
Kate Borders
Main Address
1 W RIO SALADO PARKWAY, TEMPE, AZ, 85281
Website
www.downtowntempe.comNTEE Category
Code: S20 - Community improvement
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