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Hyannis Main Street Business Improvement District Inc

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

EIN: 043490014 ✦ Hyannis, MA ✦ Designated as a 501(c)(6)

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Overview

What is Hyannis Main Street Business Improvement District Inc?

Hyannis Main Street Business Improvement District Inc is a nonprofit organization located in Hyannis, Massachusetts. Established with a civic purpose, its primary focus is to promote, develop, and advance businesses within its designated district, specifically in the downtown area. With a team of nine dedicated individuals, the organization works tirelessly to support local businesses and foster a thriving community. By providing resources and opportunities for growth, Hyannis Main Street Business Improvement District Inc contributes to the economic vitality and overall appeal of Hyannis.


Official website here: www.hyannismainstreet.com

Is Hyannis Main Street Business Improvement District Inc legitimate?

Hyannis Main Street Business Improvement District Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Hyannis Main Street Business Improvement District 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $139,658

For more financial information, click here


Official website here: www.hyannismainstreet.com

What is the mission statement of Hyannis Main Street Business Improvement District Inc?

The Hyannis Main Street Business Improvement District Inc was established with the civic purpose of fostering, developing, and enhancing commercial activities within its designated business district. This organization's mission is centered around promoting business growth and advancement in the downtown area, thereby contributing to the overall economic development and vitality of the community. By engaging in various initiatives, the organization aims to create a thriving business environment that attracts customers and encourages local entrepreneurship.


Official website here: www.hyannismainstreet.com

Who is the CEO of Hyannis Main Street Business Improvement District Inc?

Stan Hodkinson is the President of Hyannis Main Street Business Improvement District Inc.


Official website here: www.hyannismainstreet.com

What is the revenue of Hyannis Main Street Business Improvement District Inc?

Hyannis Main Street Business Improvement District Inc's revenue in 2022 was $481,405.


Official website here: www.hyannismainstreet.com

Who are the executives of Hyannis Main Street Business Improvement District Inc and what are their salaries?

The average compensation at Hyannis Main Street Business Improvement District Inc during 2022 was $15,518. There are 9 employees and 5 volunteers at Hyannis Main Street Business Improvement District Inc.


Here are 16 key members and their salaries:


David Colombo (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Betsy Young (Vice-Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stan Hodkinson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Sexton (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Penn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Lawler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jen Villa (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynn Mitchell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Caroline Mckeon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aaron Webb (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Marble (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rob Brennan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Scotti (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fran Prescott (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ranu Mehta (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pat Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hyannismainstreet.com

Where can I find the form 990 for Hyannis Main Street Business Improvement District Inc?

Hyannis Main Street Business Improvement District Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.hyannismainstreet.com

Learn more at the official website: www.hyannismainstreet.com

Mission Statement of Hyannis Main Street Business Improvement District Inc

Hyannis Main Street Business Improvement District Inc, established with a civic purpose, is dedicated to promoting, fostering, and enhancing business growth within its district. This organization's mission is centered around developing and advancing commercial activities in the downtown area of Hyannis, Massachusetts. By working towards this goal, Hyannis Main Street Business Improvement District Inc aims to contribute positively to the local business community, ultimately benefiting the area as a whole.

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Impact




October, 2024

Hyannis Main Street Business Improvement District Inc significantly enhances the downtown area of Hyannis, Massachusetts, by promoting, developing, and advancing local businesses. Its focus on the civic purpose of fostering a dynamic business environment leads to increased foot traffic, improved community engagement, and the revitalization of the area. By supporting existing businesses and attracting new ventures, it contributes to a vibrant economic landscape. This initiative not only benefits individual businesses but also enriches the overall community, making Hyannis a more appealing destination for residents and visitors alike. The organization’s efforts lead to enhanced public spaces, events, and activities that cultivate a sense of community while driving economic growth.




This information is meant to be a general summary of Hyannis Main Street Business Improvement District 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.

Revenue
$481,405 (2022)
Expenses
$401,119 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $97
  • Program Service Revenue: $325,143
  • Gross Receipts: $481,405

Assets and Liabilities:

  • Total Assets: $500,782
  • Total Liabilities: $27,708
  • Net Assets: $473,074

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Programs

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

BID ASSESSMENTS

Revenue

$325,143

Organization Details

Founding Year

1999

Principal Officer

Stan Hodkinson

Main Address

PO BOX 547, HYANNIS, MA, 02601

NTEE Category

Code: S46 - Community improvement

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