Overview
What is South Park Stakeholders Group Inc?
South Park Stakeholders Group Inc, located in Los Angeles, California, is a nonprofit organization established by a coalition of property and business owners. This group was designated as a Benefit Assessment District by City Ordinance 171678, with a primary goal to enhance and benefit properties within the South Park District of Los Angeles. Their activities encompass promoting revitalization, improving the quality of life, ensuring security, enhancing streetscape, boosting tourism, and fostering economic development. To achieve these objectives, they manage various programs, activities, grants, and contracts, focusing on community revitalization efforts, enhancing the district's overall quality of life, securing the area, improving streetscapes, boosting tourism, and supporting economic development for the benefit of business property owners in the district. Public safety programs further provide additional security to the neighborhood, supporting police and property owner crime prevention efforts. The organization currently employs a team of 5 individuals.
Official website here: www.southpark.la
Is South Park Stakeholders Group Inc legitimate?
South Park Stakeholders Group Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. South Park Stakeholders Group 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: $193,571
Professional Fundraising Fees: $0
Other Salaries and Wages: $361,285
For more financial information, click here
Official website here: www.southpark.la
What is the mission statement of South Park Stakeholders Group Inc?
The South Park Stakeholders Group Inc, established through a city ordinance, aims to manage programs, activities, grants, and contracts with the objective of promoting community revitalization efforts. Their primary focus is on enhancing quality of life, ensuring security, improving streetscapes, boosting tourism, and fostering economic development. The benefits of these endeavors are specifically tailored for property owners within the district, enriching their business properties and contributing to the overall well-being of the community. The group also implements public safety programs, providing additional security to the neighborhood, thereby supporting collaborative efforts between local authorities and property owners in crime prevention.
Official website here: www.southpark.la
What is the revenue of South Park Stakeholders Group Inc?
South Park Stakeholders Group Inc's revenue in 2023 was $3,760,715.
Official website here: www.southpark.la
Who are the executives of South Park Stakeholders Group Inc and what are their salaries?
The average compensation at South Park Stakeholders Group Inc during 2023 was $110,971. There are 5 employees and 13 volunteers at South Park Stakeholders Group Inc.
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- Compensation: $184,667
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- Other: $8,904
Official website here: www.southpark.la
Where can I find the form 990 for South Park Stakeholders Group Inc?
South Park Stakeholders Group Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.southpark.la
Learn more at the official website: www.southpark.la
Mission Statement of South Park Stakeholders Group Inc
South Park Stakeholders Group Inc, established as a Benefit Assessment District, has a mission centered around promoting community revitalization efforts, enhancing the quality of life, ensuring security, improving streetscapes, fostering tourism, and stimulating economic development. This nonprofit organization manages programs, activities, grants, and contracts with the primary goal of benefiting business property owners within the district. The group aims to foster a vibrant and secure neighborhood, supporting police and property owner crime prevention efforts through additional public safety programs.
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Impact
October, 2024
South Park Stakeholders Group Inc significantly impacts the South Park District of Los Angeles through various initiatives aimed at community revitalization, enhancing quality of life, and fostering economic development. By bringing together a coalition of downtown property and business owners, the organization promotes a cohesive effort to improve the neighborhood's streetscape and public safety.
Through its benefit assessment district, established under City Ordinance 171678, the Group implements special programs that enhance security, supporting both police efforts and property owner crime prevention initiatives. This focus on safety contributes to a more secure environment, encouraging residents and visitors alike to engage more fully with the community.
The organization’s commitment to tourism and economic development not only enhances the appeal of the South Park District but also stimulates local businesses, contributing to a vibrant and thriving economic landscape. With its emphasis on managing programs, activities, and grants, South Park Stakeholders Group Inc plays a crucial role in shaping a positive future for the community, transforming it into a more attractive place for living, working, and visiting.
This information is meant to be a general summary of South Park Stakeholders Group 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.
- Program Service Revenue: $3,706,697
- Gross Receipts: $3,760,715
Assets and Liabilities:
- Total Assets: $2,579,397
- Total Liabilities: $1,069,229
- Net Assets: $1,510,168
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSESSMENT REVENUE
Revenue
$3,706,697
Organization Details
Founding Year
1992
Principal Officer
Daniel Taban
Website
www.southpark.laNTEE Category
Code: S20 - Community improvement
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