Overview
What is Connecticut Main Street Center Inc?
Connecticut Main Street Center Inc is a dedicated nonprofit organization, situated in the state of Connecticut. Their primary aim is to revitalize communities by offering technical assistance for downtown revitalization. They accomplish this by educating communities about the advantages of employing the Main Street Approach. This strategy focuses on preserving historic buildings, fostering economic growth, and promoting community involvement in the development of downtown areas. By implementing these strategies, Connecticut Main Street Center Inc contributes to the enhancement and revitalization of communities across the state.
Official website here: www.ctmainstreet.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
Connecticut Main Street Center Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The overall score is primarily derived from its accountability and finance measures, where it scored 77%. The charity demonstrates a high level of transparency and governance, with a fully independent board, effective financial oversight, and comprehensive policies in place, such as conflict of interest and whistleblower protections.
The organization shows strong financial health, particularly highlighted by an impressive program expense ratio of 85%, indicating that a significant portion of its expenditures is directed toward its charitable programs. Additionally, the charity effectively documents its board meeting minutes and has its financial statements audited, which further supports its commitment to accountability and responsible financial management.
While the score is commendable, it is based solely on accountability and finance metrics, suggesting that potential donors may want to consider other factors such as program impact and outcomes when evaluating the charity's overall effectiveness. Nevertheless, the Connecticut Main Street Center Inc appears to uphold high standards in governance and financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Connecticut Main Street Center Inc legitimate?
Connecticut Main Street Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Connecticut Main Street Center 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: $54,923
Professional Fundraising Fees: $0
Other Salaries and Wages: $463,320
For more financial information, click here
Official website here: www.ctmainstreet.org
What is the mission statement of Connecticut Main Street Center Inc?
Connecticut Main Street Center Inc's mission is centered around community revitalization. They achieve this by offering technical assistance for downtown revitalization projects and educating communities on the advantages of the Main Street Approach. This approach emphasizes preserving historic buildings, encouraging local businesses, and enhancing the overall appeal of downtown areas. By doing so, Connecticut Main Street Center Inc aims to revitalize communities, making them more vibrant and attractive places to live and work.
Official website here: www.ctmainstreet.org
Who is the CEO of Connecticut Main Street Center Inc?
Ryan Friedman is the Treasurer of Connecticut Main Street Center Inc. The CEO's salary of Connecticut Main Street Center Inc is $54,923 and their total compensation is $54,923.
Official website here: www.ctmainstreet.org
What is the revenue of Connecticut Main Street Center Inc?
Connecticut Main Street Center Inc's revenue in 2023 was $642,303.
Official website here: www.ctmainstreet.org
Who are the executives of Connecticut Main Street Center Inc and what are their salaries?
The average compensation at Connecticut Main Street Center Inc during 2023 was $74,035. There are 7 employees and 12 volunteers at Connecticut Main Street Center Inc.
Here are 14 key members and their salaries (Connecticut Main Street Center Inc's CEO's salary is $54,923 and their total compensation is $54,923):
- Compensation: $54,923
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Official website here: www.ctmainstreet.org
Where can I find the form 990 for Connecticut Main Street Center Inc?
Connecticut Main Street Center Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ctmainstreet.org
Learn more at the official website: www.ctmainstreet.org
Mission Statement of Connecticut Main Street Center Inc
Connecticut Main Street Center, as a nonprofit organization, is dedicated to revitalizing communities by offering technical assistance for the enhancement of downtown areas. Their mission is to enlighten communities about the advantages of the Main Street Approach, a strategy that promotes the preservation and revitalization of historic commercial districts. By providing this assistance and education, Connecticut Main Street Center aims to enhance the overall appeal and economic vitality of these downtown areas, ultimately contributing to the overall well-being and development of the communities they serve.
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Impact
July, 2024
Connecticut Main Street Center Inc's impact is significant in revitalizing communities across Connecticut. Through its technical assistance for downtown revitalization and education initiatives on the benefits of the Main Street Approach, the organization plays a crucial role in enhancing the vibrancy and economic viability of local communities. By focusing on community improvement, Connecticut Main Street Center Inc positively contributes to the development and sustainability of towns and cities in the state.
This information is meant to be a general summary of Connecticut Main Street Center 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 2023.
- Investment Income: $50
- Program Service Revenue: $59,888
- Gross Receipts: $642,303
Assets and Liabilities:
- Total Assets: $315,384
- Total Liabilities: $292,016
- Net Assets: $23,368
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program service fees
Revenue
$59,888
Organization Details
Founding Year
1999
Phone
(860) 280-2023Principal Officer
Ryan Friedman
Main Address
c/o Eversource PO Box 270, Hartford, CT, 06141
Website
www.ctmainstreet.orgNTEE Category
Code: S200 - Community improvement
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