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Florence Downtown Development Corporation Inc

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

EIN: 522382818 ✦ Florence, SC ✦ Designated as a 501(c)(3)

Overview

What is Florence Downtown Development Corporation Inc?

Florence Downtown Development Corporation Inc is a non-profit organization based in Florence, South Carolina, specifically located at 324 W Evans Street. Their primary mission is to facilitate and promote the redevelopment and revitalization of the downtown area of the city. They achieve this mission through various events and initiatives. One of their key events is the Pecan Festival, a weekend celebration held in November. They also host Florence After Five, an event that takes place on Friday afternoons during warm weather months, which aims to promote local vendors in the downtown district. Furthermore, the Art Trail initiative encourages various art mediums within the downtown area. Beyond these events, the Corporation also organizes numerous other activities throughout the year, all geared towards promoting the redevelopment and revitalization of the downtown redevelopment district. While the specifics of these activities are not detailed, it's clear that the Corporation plays a significant role in enhancing the downtown area of Florence, South Carolina.


Is Florence Downtown Development Corporation Inc legitimate?

Florence Downtown Development Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Florence Downtown Development Corporation 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.

Here 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


What is the mission statement of Florence Downtown Development Corporation Inc?
Who is the CEO of Florence Downtown Development Corporation Inc?
What is the revenue of Florence Downtown Development Corporation Inc?
Who are the executives of Florence Downtown Development Corporation Inc and what are their salaries?
Where can I find the form 990 for Florence Downtown Development Corporation Inc?

Mission Statement of Florence Downtown Development Corporation Inc

The Florence Downtown Development Corporation Inc, a dedicated nonprofit organization, focuses on the redevelopment and revitalization of the downtown redevelopment district. With a clear vision, this corporation works tirelessly to transform the city's downtown area, making it a vibrant and thriving hub.

The organization facilitates a variety of events and initiatives designed to boost the downtown area's appeal. The Pecan Festival, held annually during November, is one such event that attracts a large crowd, adding to the district's lively atmosphere. Another event, Florence After Five, takes place on Friday afternoons during warmer months, aiming to draw attention to the downtown vendors.

Furthermore, the corporation encourages artistic expression in the downtown area through the Art Trail, promoting various art mediums. These events and more, which occur throughout the year, contribute significantly to the continued development and revitalization of the downtown district.

Impact

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




Tuesday, June 18, 2024

Florence Downtown Development Corporation Inc's impact is evident in its efforts to promote the redevelopment and revitalization of the downtown district of Florence. Through events such as the Pecan Festival, Florence After Five, and the Art Trail, the Corporation actively engages the community and encourages economic growth in the city. By facilitating a vibrant downtown area, they contribute to the overall prosperity and cultural richness of Florence, South Carolina.





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: $4,314
  • Program Service Revenue: $265,960
  • Gross Receipts: $349,597

    • Assets and Liabilities:
  • Total Assets: $1,241,699
  • Total Liabilities: $6,077
  • Net Assets: $1,235,622
  • Programs

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

    Sales

    Revenue

    $97,911

    Vendor Fees

    Revenue

    $59,723

    Registration Fees

    Revenue

    $9,665

    Memberships and Sponsorships

    Revenue

    $98,661

    Organization Details

    Founding Year

    2002

    Principal Officer

    Michael Scott Collins

    Main Address

    324 W Evans Street, Florence, SC, 29503

    NTEE Category

    Code: C50 - Environment

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