Midtown Inc

Nonprofit profile at a glance

EIN
204713174
IRS 990 coverage
2011–2022
Forms available
Form 990 2022, Form 990-EZ 2010
Location
Columbus, GA, USA
Phone
7064941663
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Official website

Reported finances

Revenue
$189,803
Expenses
$236,182
Assets
$458,890
Liabilities
$4,831

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

30 people listed

Executive titles in this filing

  • CAMERON BEAN (President)
  • MATTIE HALL (Vice President)
  • JIM LIVINGSTON (Vice President)
  • TYLER PRITCHARD (President-elect)

People named in this filing

  • BENNIE NEWROTH (DIR EMERITUS)
  • KIM ANTEKEIER (Director)
  • CHUCK MCDANIEL (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Through education and advocacy, midtown inc initiates, supports, and sustains economic and neighborhood revitalization in the six square mile area of columbus, Georgia, known as midtown

What it reported doing in 2022

Midtown inc is a community renewal organization serving an area of over 6 square miles in the heart of columbus. Midtown incorporates, in addition to residential neighborhoods, schools, parks, the columbus museum, the columbus public library, commerical office and retail districts, and the international headquarters of aflac. Some of midtown's many projects include armory on macon road, midtown merchants association, and the sears/library property sites.

Operating model

Revenue model
Donor-supported. 95% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of total spending goes to programs and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 54
  • Transparency & Controls: 90
  • Accountability: 76
  • Sustainability: 37
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 62.2%; rating input score 62
  • Program expense ratio: 49.3%; rating input score 49
  • Fundraising efficiency: $7.69 raised per $1 spent on fundraising; rating input score 31; 31st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -24.4%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 1.94; rating input score 58; 58th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 49; 49th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 70; 70th percentile among comparable filings

Growth

  • Program expense growth: -5.2% per year; rating input score 0; 20th percentile among comparable filings
  • Revenue growth: -5.6% per year; rating input score 0; 12th percentile among comparable filings
  • Asset growth: -0.1% per year; rating input score 0; 26th percentile among comparable filings

Details

  • Where the money goes: 62.2% of revenue deployed · 49.3% of spending went to programs
  • Governance: 22 of 22 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $117K in reported program spending
  • Leadership: top reported pay $0 · 30 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 11 filing years from 2011 to 2022
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Program expense ratio scored 49/100.
  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 31/100.
  • High — Sustainability: Operating margin scored 13/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 58/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 49/100.