Overview
What is Main Street Community Foundation Inc?
Main Street Community Foundation Inc, located in Bristol, Connecticut, is a nonprofit organization that distributes grants to eligible community organizations in various sectors. Their primary focus is on promoting impactful giving by encouraging gift planning, prudent asset management, effective grant allocation, and community leadership. The foundation supports a wide range of causes, including arts and culture, community development, education, health, human services, environment, animal welfare, and COVID-19 pandemic response. With a team of seven dedicated individuals, Main Street Community Foundation Inc aims to foster a sustainable legacy of meaningful contributions within their community.
Official website here: www.mainstreetfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Main Street Community Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting high standards in accountability and finance. This score indicates that the organization is well-managed and uses its resources effectively, with a specific focus on its fiscal responsibility and transparency.
The foundation's financial health is notable, as evidenced by a low liabilities to assets ratio of 0.24% and a program expense ratio of 78.16%, demonstrating a strong commitment to allocating funds towards its programs. Additionally, the organization has a robust independent board, with 95% of its members being independent, which enhances its governance practices. Key policies, including conflict of interest and whistleblower protections, are in place, further solidifying its accountability framework.
There were no significant limitations or concerns highlighted in the data, showcasing that the Main Street Community Foundation Inc operates with integrity and efficiency. This strong performance reflects positively on its capacity to serve its community effectively while maintaining a high level of trust with donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Main Street Community Foundation Inc legitimate?
Main Street Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Main Street Community Foundation 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: $175,727
Professional Fundraising Fees: $0
Other Salaries and Wages: $344,096
For more financial information, click here
Official website here: www.mainstreetfoundation.org
What is the mission statement of Main Street Community Foundation Inc?
Main Street Community Foundation Inc's mission is centered around inspiring donors and community partners to establish a lasting impact through thoughtful giving. They achieve this by promoting strategies such as gift planning, prudent asset management, and effective grant making. The foundation also encourages community leadership, aiming to foster a sustainable legacy of charitable contributions. They provide grants to eligible non-profit organizations in various fields, including arts and culture, community development, education, health, human services, environment, animal welfare, and COVID-19 pandemic response.
Official website here: www.mainstreetfoundation.org
Who is the CEO of Main Street Community Foundation Inc?
Susan Sadecki is the President & Ceo of Main Street Community Foundation Inc. The CEO's salary of Main Street Community Foundation Inc is $167,276 and their total compensation is $175,727.
Official website here: www.mainstreetfoundation.org
What is the revenue of Main Street Community Foundation Inc?
Main Street Community Foundation Inc's revenue in 2022 was $3,587,205.
Official website here: www.mainstreetfoundation.org
Who are the executives of Main Street Community Foundation Inc and what are their salaries?
The average compensation at Main Street Community Foundation Inc during 2022 was $74,260. There are 7 employees and 120 volunteers at Main Street Community Foundation Inc.
Here are 18 key members and their salaries (Main Street Community Foundation Inc's CEO's salary is $167,276 and their total compensation is $175,727):
- Compensation: $167,276
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- Other: $8,451
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Official website here: www.mainstreetfoundation.org
Where can I find the form 990 for Main Street Community Foundation Inc?
Main Street Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mainstreetfoundation.org
Learn more at the official website: www.mainstreetfoundation.org
Mission Statement of Main Street Community Foundation Inc
Main Street Community Foundation Inc is committed to inspiring both donors and community partners to create a lasting legacy of impactful giving. They achieve this goal by encouraging and promoting four key areas: gift planning, prudent stewardship of assets, effective grant making, and community leadership. Through these initiatives, the foundation aims to foster sustainable giving that benefits various community sectors, including arts and culture, community development and outreach, education, health, human services, environment, and animal welfare, as well as organizations responding to the COVID-19 pandemic. By actively engaging in these areas, Main Street Community Foundation Inc serves as a catalyst for positive change, empowering both donors and organizations to collaborate and make a meaningful impact in their communities.
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Impact
July, 2024
Main Street Community Foundation Inc inspires donors and community partners to foster a sustainable legacy of impactful giving by encouraging and promoting gift planning, prudent stewardship of assets, effective grant making, and community leadership. The foundation provides grants to eligible nonprofit community organizations in various fields including arts and culture, community development and outreach, education, health, human services, environment and animal welfare, and COVID-19 pandemic response. It plays a crucial role in supporting and strengthening the fabric of the community by facilitating philanthropic endeavors that make a tangible difference in people's lives.
This information is meant to be a general summary of Main Street Community Foundation 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,951,109
- Program Service Revenue: $205,998
- Gross Receipts: $3,608,708
Assets and Liabilities:
- Total Assets: $29,719,094
- Total Liabilities: $86,381
- Net Assets: $29,632,713
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$205,998
Organization Details
Founding Year
1995
Phone
(860) 583-6363Principal Officer
Susan Sadecki
Main Address
PO BOX 2702 120 HALCYON DRIVE, BRISTOL, CT, 060112702
Website
www.mainstreetfoundation.orgNTEE Category
Code: T310 - Philanthropy
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