Overview
What is Destination Downtown South Boston?
Destination Downtown South Boston is a nonprofit organization situated at 432 Main Street, South Boston, Virginia (24592). Their primary mission is dedicated to enhancing the well-being of the downtown area in South Boston, Virginia. Specifically, they focus on promoting various aspects of the community's welfare. While the description provided is brief, it suggests that their activities and initiatives are centered around bettering the local downtown area in South Boston.
Official website here: www.downtownsouthboston.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 13% (Zero-Star out of Four Star rating)
Destination Downtown South Boston has received a low rating of 13%, indicating significant concerns regarding its accountability and financial practices. The rating is based solely on its Accountability & Finance score, where it scored poorly in several critical areas, including a complete lack of independent board members and missing key governance policies.
The organization has shown some positive aspects, such as no material diversion of assets and the inclusion of its website on its tax form. However, the absence of a conflict of interest policy, a whistleblower policy, and documentation for board meeting minutes raises red flags about its governance practices. Additionally, the organization's low program expense ratio of 26.47% suggests that a limited portion of its expenditures is directed towards its programs.
Overall, the poor score highlights a need for improvement in governance and financial transparency. Stakeholders may want to consider these factors when evaluating the nonprofit's effectiveness and integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Destination Downtown South Boston legitimate?
Destination Downtown South Boston is a legitimate nonprofit organization registered as a 501(c)(3) entity. Destination Downtown South Boston 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: $125,607
Professional Fundraising Fees: $8,773
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.downtownsouthboston.com
What is the mission statement of Destination Downtown South Boston?
Destination Downtown South Boston's mission is centered around promoting the well-being of the community in Downtown South Boston. Their objective is to enhance the overall vitality of this area, ensuring it thrives and maintains its appeal. They strive to improve various aspects of life in Downtown South Boston, including but not limited to, community events, public spaces, and local businesses. Their goal is to create a harmonious and prosperous environment for both residents and visitors alike.
Official website here: www.downtownsouthboston.com
Who is the CEO of Destination Downtown South Boston?
Lin Hite is the President of Destination Downtown South Boston.
Official website here: www.downtownsouthboston.com
What is the revenue of Destination Downtown South Boston?
Destination Downtown South Boston's revenue in 2022 was $190,486.
Official website here: www.downtownsouthboston.com
Who are the executives of Destination Downtown South Boston and what are their salaries?
Here are 14 key members and their salaries:
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Official website here: www.downtownsouthboston.com
Where can I find the form 990 for Destination Downtown South Boston?
Destination Downtown South Boston's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.downtownsouthboston.com
Learn more at the official website: www.downtownsouthboston.com
Mission Statement of Destination Downtown South Boston
Destination Downtown South Boston, as an organization, is committed to fostering the well-being of its community in Downtown South Boston. Its mission lies in promoting the overall health and prosperity of this specific area. By doing so, it aims to contribute positively to the lives of its residents and visitors, ensuring a vibrant and thriving downtown scene.
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Impact
October, 2024
Destination Downtown South Boston has made a significant impact on the community by enhancing the overall well-being of downtown South Boston, Virginia. Through its initiatives, the organization fosters a vibrant atmosphere that supports local businesses, promotes cultural events, and enriches the arts scene.
By prioritizing community engagement and collaboration, it has helped to revitalize the downtown area, making it a more inviting space for residents and visitors alike. The focus on arts and cultural activities not only attracts tourism but also brings the community together, cultivating a sense of pride and ownership among residents.
Overall, Destination Downtown South Boston plays a crucial role in promoting economic growth and social cohesion, contributing to the unique character and vitality of South Boston.
This information is meant to be a general summary of Destination Downtown South Boston. 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: $25,529
- Gross Receipts: $190,486
Assets and Liabilities:
- Total Assets: $81,915
- Total Liabilities: $0
- Net Assets: $81,915
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT PROCEEDS AND OTHER REVENUE
Revenue
$25,529
Organization Details
Founding Year
2007
Phone
(434) 572-4209Principal Officer
Lin Hite
Main Address
432 MAIN STREET, South Boston, VA, 24592
Website
www.downtownsouthboston.comNTEE Category
Code: A80 - Arts
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