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Downtown Schenectady Improvement Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 364465022 ✦ Schenectady, NY ✦ Designated as a 501(c)(3)

Overview

What is Downtown Schenectady Improvement Corporation?

The Downtown Schenectady Improvement Corporation is a nonprofit organization situated at 143 State Street, Schnectady, New York 12305. Their primary goal is to elevate Downtown Schnectady as a primary destination for commerce, recreation, and residence. They accomplish this by improving, facilitating, and supporting economic growth in the area. A significant aspect of their mission involves maintaining the cleanliness and visual appeal of the downtown area, which they achieve through daily sidewalk maintenance, seasonal hanging baskets, landscaping, and winter holiday decorations. The corporation currently employs 19 individuals in their mission to enhance the overall appeal and economic vitality of Downtown Schnectady.


Official website here: www.downtownschenectady.org

Is Downtown Schenectady Improvement Corporation legitimate?

Downtown Schenectady Improvement Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Schenectady Improvement 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.

Here are some key statistics you may want to consider:

Executive Compensation: $117,081
Professional Fundraising Fees: $0
Other Salaries and Wages: $361,672

For more financial information, click here


Official website here: www.downtownschenectady.org

What is the mission statement of Downtown Schenectady Improvement Corporation?

The Downtown Schenectady Improvement Corporation's mission is centered around promoting Downtown Schenectady as a top-tier destination for commerce, recreation, and residence. They achieve this by enhancing, facilitating, and supporting economic growth in the area. Their efforts also include maintaining the cleanliness and visual appeal of the downtown area, as they believe this is crucial for overall redevelopment efforts. Daily sidewalk maintenance, seasonal hanging baskets, landscaping, and winter holiday decorations are some of the methods they employ to achieve this goal.


Official website here: www.downtownschenectady.org

Who is the CEO of Downtown Schenectady Improvement Corporation?

James Salengo is the Executive Di of Downtown Schenectady Improvement Corporation.


Official website here: www.downtownschenectady.org

What is the revenue of Downtown Schenectady Improvement Corporation?

Downtown Schenectady Improvement Corporation's revenue in 2022 was $791,188.


Official website here: www.downtownschenectady.org

Who are the executives of Downtown Schenectady Improvement Corporation and what are their salaries?

The average compensation at Downtown Schenectady Improvement Corporation during 2022 was $25,198. There are 19 employees at Downtown Schenectady Improvement Corporation.

Here are 10 key members and their salaries:

    James Salengo (Executive Di) [Trustee/Director]
  • Compensation: $106,406
  • Related: $0
  • Other: $10,676

    • Paul Ambrose (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Burns (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrea Cortelyou (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Austin Fisher (Vice Preside) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ray Legere (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeffrey Morlang (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Heather Peterson (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mitch Ramsey (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Phil Wajda (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.downtownschenectady.org

    Where can I find the form 990 for Downtown Schenectady Improvement Corporation?

    The Downtown Schenectady Improvement Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.downtownschenectady.org

    Learn more at the official website: www.downtownschenectady.org

    Mission Statement of Downtown Schenectady Improvement Corporation

    The Downtown Schenectady Improvement Corporation, in its mission, aims to elevate Downtown Schenectady as a distinguished location for commerce, recreation, and residence. To achieve this goal, the organization focuses on enhancing, facilitating, and supporting economic growth in the area. This mission is carried out through various initiatives, one of which is environmental enhancement. The Corporation considers the cleanliness and visual appeal of Downtown Schenectady to be a fundamental aspect of all other redevelopment efforts within their district. They accomplish this by implementing daily sidewalk maintenance, installing seasonal hanging baskets, tending to landscaping, and decorating for winter holidays. This commitment to maintaining a visually appealing and clean downtown area is a testament to the Corporation's dedication to promoting Downtown Schenectady as a desirable location for commerce, recreation, and residence.

    Impact

    This information is meant to be a general summary of Downtown Schenectady Improvement Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Downtown Schenectady Improvement Corporation's impact can be seen in the revitalization and enhancement of downtown Schenectady as a prime location for commerce, recreation, and living. Through their focus on environmental enhancement, such as maintaining cleanliness, visual appeal, and seasonal decorations, they contribute to the overall attractiveness and vibrancy of the district. By supporting economic growth and facilitating development efforts, they play a crucial role in creating a thriving community in Schenectady.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,430
  • Program Service Revenue: $449,858
  • Gross Receipts: $825,628

    • Assets and Liabilities:
  • Total Assets: $846,779
  • Total Liabilities: $214,315
  • Net Assets: $632,464
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    ASSESSMENT REVENUE

    Revenue

    $330,000

    LANDSCAPING SERVICES

    Revenue

    $49,020

    TICKET SALES

    Revenue

    $40,520

    OTHER INCOME

    Revenue

    $29,693

    MARKETING PARTICIPATION

    Revenue

    $625

    Organization Details

    Founding Year

    1978

    Principal Officer

    James Salengo

    Main Address

    143 STATE STREET, SCHENECTADY, NY, 12305

    NTEE Category

    Code: S31 - Community improvement

    If you are a representative of Downtown Schenectady Improvement Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.