Downtown Asheboro Inc.

Overview

Downtown Asheboro Inc. is a recognized 501(c)(3) nonprofit organization located in Asheboro, North Carolina. The organization is committed to enhancing the downtown area through preservation-based community development. This approach aligns with its accreditation as a Main Street America program, part of a network of more than 1,200 communities across the United States dedicated to revitalizing and preserving downtown districts.

Mission

The mission of Downtown Asheboro Inc. centers on promoting businesses within historic structures, which supports a stronger core for downtown historic preservation activities. This mission drives the organization's initiatives in economic development, community engagement, and cultural enrichment.

Activities and Impact

• Economic Development: Downtown Asheboro Inc. administers the Main Street program at the local level, focusing on building public-private partnerships to stimulate economic growth. This includes efforts to attract investment, support business expansion, and create jobs.

• Community Events: The organization plays a key role in organizing and hosting various community events, including street festivals, performing arts, and concerts. These events contribute to the vibrant atmosphere of the downtown area and foster community cohesion.

• Historic Preservation: Emphasizing the preservation of historic structures and integrating them into the local business landscape is a central goal. This not only protects cultural heritage but also enhances the appeal of the downtown area to visitors and residents alike.

Recognition and Achievements

Downtown Asheboro Inc. has received notable recognition for its contributions to the community. For instance, it was named Organization of the Year by the Asheboro/Randolph Chamber of Commerce, highlighting its impact on local economic and social development.

Financial Overview

As of the most recent available data, contributions form the bulk of Downtown Asheboro Inc.'s revenue, reflecting the community's support for its initiatives. The organization maintains a strong financial position, with assets exceeding liabilities and a notable portion of its budget dedicated to executive compensation.

Governance

The organization is led by an executive director and supported by a board of directors, which includes members from diverse backgrounds contributing to strategic decision-making and community engagement.

Ratings and Transparency

While Downtown Asheboro Inc. maintains a reputation for community engagement and impact, its transparency and financial management practices have earned it a 2/4 Star rating on Charity Navigator. This indicates the organization's efforts in financial transparency and governance, though there may be areas for further improvement in these domains.

[1] https://projects.propublica.org/nonprofits/organizations/843444377 [2] https://www.downtownasheboro.com/about [3] https://www.downtownasheboro.com [4] https://www.charitynavigator.org/ein/843444377 [5] https://www.guidestar.org/profile/84-3444377