Overview
What is Downtown Santa Monica Inc?
Downtown Santa Monica Inc is a nonprofit organization located at 1351 Third Street Promenade 201, Santa Monica, California 90401. Their primary mission is to preserve and enhance the vibrancy of the Third Street Promenade and the broader downtown area of Santa Monica. They achieve this through various programs and services, such as maintenance, an ambassador program, marketing, and special projects. Their activities are geared towards benefiting local merchants, property owners, visitors, and residents, contributing to the overall well-being and appeal of the area. With a team of 14 dedicated individuals, Downtown Santa Monica Inc is committed to promoting and improving the Third Street Promenade and its surrounding district in Santa Monica.
Official website here: www.downtownsm.com
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)**
Downtown Santa Monica Inc has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The organization's high score primarily stems from its impressive performance in the Accountability & Finance category, indicating that it operates with transparency and effectively utilizes its resources. With a significant proportion of independent board members and a robust oversight committee, the organization demonstrates adherence to best practices in governance.
The organization excels in its program expense ratio, channeling 97% of its budget towards its programs, which points to a strong focus on its mission. Although a more substantial percentage of its funding comes from public and governmental sources, this suggests a reliance on community support, which can be both a strength and a vulnerability. The absence of a tax form on its website was noted as a minor issue that potentially impacts overall transparency.
Notably, user reviews from GreatNonprofits were not available. Overall, Downtown Santa Monica Inc appears to be a well-managed nonprofit that prioritizes financial discipline and responsibility while effectively serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Downtown Santa Monica Inc legitimate?
Downtown Santa Monica Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Santa Monica 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: $130,116
Professional Fundraising Fees: $0
Other Salaries and Wages: $828,470
For more financial information, click here
Official website here: www.downtownsm.com
What is the mission statement of Downtown Santa Monica Inc?
Downtown Santa Monica Inc's mission is centered around enhancing the vitality of a specific area, referred to as the Third Street Promenade. Their primary goal is to promote this area by implementing various programs, projects, and services. These initiatives are designed to benefit local merchants, property owners, customers, visitors, and residents alike. They provide maintenance services, oversee an ambassador program, engage in marketing efforts, and undertake special projects within the City of Santa Monica's Central Business District, which includes the Third Street Promenade and the surrounding area.
Official website here: www.downtownsm.com
Who is the CEO of Downtown Santa Monica Inc?
Andrew Thomas is the CEO of Downtown Santa Monica Inc The CEO's salary of Downtown Santa Monica Inc is $81,667 and their total compensation is $81,667.
Official website here: www.downtownsm.com
What is the revenue of Downtown Santa Monica Inc?
Downtown Santa Monica Inc's revenue in 2023 was $9,672,351.
Official website here: www.downtownsm.com
Who are the executives of Downtown Santa Monica Inc and what are their salaries?
The average compensation at Downtown Santa Monica Inc during 2023 was $73,737. There are 13 employees and 13 volunteers at Downtown Santa Monica Inc.
Here are 17 key members and their salaries (Downtown Santa Monica Inc's CEO's salary is $81,667 and their total compensation is $81,667):
- Compensation: $154,339
- Related: $0
- Other: $0
- Compensation: $144,423
- Related: $0
- Other: $0
- Compensation: $100,000
- Related: $0
- Other: $0
- Compensation: $81,667
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.downtownsm.com
Where can I find the form 990 for Downtown Santa Monica Inc?
Downtown Santa Monica Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.downtownsm.com
Learn more at the official website: www.downtownsm.com
Mission Statement of Downtown Santa Monica Inc
Downtown Santa Monica Inc, a prominent organization, is dedicated to preserving the vibrancy of the Third Street Promenade and the broader Downtown Santa Monica area. Their mission is twofold: to promote this region and enhance its appeal, while simultaneously benefiting the local merchants, property owners, customers, visitors, and residents. To achieve this, Downtown Santa Monica Inc implements various programs, projects, and services. These initiatives extend beyond the City of Santa Monica's Central Business District, encompassing not only the Third Street Promenade but also the surrounding area.
The organization's activities encompass maintenance, an ambassador program, marketing, and special projects. These endeavors aim to boost the area's appeal and attractiveness, thereby benefiting the local community. Through these efforts, Downtown Santa Monica Inc plays a pivotal role in fostering a thriving and vibrant environment in the region.
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Impact
July, 2024
Downtown Santa Monica Inc's impact is felt through its dedicated efforts to protect the vitality of Third Street Promenade and Downtown Santa Monica. Through various programs and services such as maintenance, an ambassador program, marketing initiatives, and special projects, the organization significantly contributes to the enhancement of the City of Santa Monica's Central Business District. By promoting the Third Street Promenade and the surrounding areas, Downtown Santa Monica Inc positively impacts area merchants, property owners, customers, visitors, and residents, ultimately leading to tangible community improvement.
This information is meant to be a general summary of Downtown Santa Monica 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.
- Investment Income: $2,937
- Program Service Revenue: $1,366,879
- Gross Receipts: $9,672,351
Assets and Liabilities:
- Total Assets: $4,705,827
- Total Liabilities: $1,480,547
- Net Assets: $3,225,280
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Events
Revenue
$190,300
Filming
Revenue
$59,461
Ice Rink Operations
Revenue
$1,085,078
Vendors
Revenue
$32,040
Organization Details
Founding Year
1984
Principal Officer
Barry Snell
Website
www.downtownsm.comNTEE Category
Code: S200 - Community improvement
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