Overview
What is Cambridge Main Street Initiative Inc?
Cambridge Main Street Initiative Inc is a nonprofit organization situated in Cambridge, Ohio, with a focus on stimulating economic development within the downtown area. Their mission involves promoting a positive image of the downtown, improving its appearance, and strengthening its economic base. They assist in economic restructuring and manage funds related to these purposes, adhering to the guidelines set by IRC Sec. 501(C)(3). The organization ensures that no earnings benefit any member or individual, and they do not participate in or intervene in political campaigns on behalf of any candidate for public office. With a small team of one employee, Cambridge Main Street Initiative Inc works to contribute to the growth and enhancement of their local downtown community.
Official website here: www.downtowncambridge.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 16% (Zero-Star out of Four Star rating)
The Cambridge Main Street Initiative Inc received a low score of 16% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization has zero independent board members, which raises questions about governance and oversight. While it has reported no material diversion of assets, the absence of key policies such as conflict of interest and whistleblower protections indicates a lack of essential governance frameworks.
Strengths noted include the presence of documented board meeting minutes and the listing of its website on tax forms. However, the organization has not posted its tax form on its website, limiting transparency. The low program expense ratio of 26.98% suggests that a substantial amount of its resources may not be directed towards its stated mission, which could impact its effectiveness.
Overall, the lack of independent oversight, missing governance policies, and low investment in program expenses contribute to a concerning profile for the Cambridge Main Street Initiative Inc. Potential donors and supporters should exercise caution and consider these factors when evaluating the charity's overall impact and reliability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Cambridge Main Street Initiative Inc?
80% of 7 reviewers on Facebook recommend the Cambridge Main Street Initiative Inc. Here's a summary of their thoughts:
Many users appreciate the diverse selection of locally owned stores, highlighting the importance of supporting local businesses. This sentiment underscores a community-centric approach that resonates with shoppers who prioritize unique, independent retail options.
Overall, individuals seem satisfied with the initiative's efforts to enhance local commerce and foster a vibrant shopping environment. The emphasis on variety and supporting local businesses is particularly well-received.
This AI summary has been generated from reviews found on Facebook.
Is Cambridge Main Street Initiative Inc legitimate?
Cambridge Main Street Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cambridge Main Street Initiative 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: $0
For more financial information, click here
Official website here: www.downtowncambridge.com
What is the mission statement of Cambridge Main Street Initiative Inc?
The Cambridge Main Street Initiative Inc is committed to stimulating economic development in downtown areas. Their mission involves promoting the downtown area, enhancing its appearance, and assisting in economic restructuring. They also aim to receive, administer, and distribute funds related to these purposes, as long as they align with IRC Sec. 501(C)(3). It is crucial to note that the organization does not allow any part of its net earnings to benefit its members or individuals, and it does not participate or intervene in political campaigns on behalf of any candidate for public office.
Official website here: www.downtowncambridge.com
Who is the CEO of Cambridge Main Street Initiative Inc?
Karrie Fritz is the President of Cambridge Main Street Initiative Inc.
Official website here: www.downtowncambridge.com
What is the revenue of Cambridge Main Street Initiative Inc?
Cambridge Main Street Initiative Inc's revenue in 2022 was $81,356.
Official website here: www.downtowncambridge.com
Who are the executives of Cambridge Main Street Initiative Inc and what are their salaries?
There is 1 employee and 22 volunteers at Cambridge Main Street Initiative Inc.
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Official website here: www.downtowncambridge.com
Where can I find the form 990 for Cambridge Main Street Initiative Inc?
Cambridge Main Street Initiative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.downtowncambridge.com
Learn more at the official website: www.downtowncambridge.com
Mission Statement of Cambridge Main Street Initiative Inc
Cambridge Main Street Initiative Inc is devoted to stimulating economic development in the downtown area, promoting its appeal, enhancing its appearance, and aiding in its economic restructuring. The organization's mission is to receive, administer, and distribute funds for activities that align with these goals, as stipulated by IRC Sec. 501(C)(3). It is important to note that Cambridge Main Street Initiative Inc operates under the principle that no part of its net earnings should benefit any individual or member, and it should not engage in or intervene in any political campaign on behalf of any candidate for public office. The organization's primary focus is on revitalizing the downtown area, ultimately benefiting the community as a whole.
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Impact
October, 2024
Cambridge Main Street Initiative Inc plays a vital role in enhancing the vitality of downtown Cambridge, Ohio. By stimulating economic development, the initiative works to create a thriving business environment that attracts both residents and visitors. The promotion of a positive image of downtown is key, as it fosters community pride and encourages local patronage.
Efforts to improve the appearance of the area contribute to a welcoming atmosphere that enhances the overall aesthetic appeal, making it more inviting for shoppers and diners. The initiative also focuses on economic restructuring, ensuring that businesses can adapt and thrive amid changing market conditions. By receiving, administering, and distributing funds for related activities, the initiative effectively mobilizes resources to support these goals.
Overall, the Cambridge Main Street Initiative Inc is instrumental in strengthening and expanding the economic base of downtown, contributing to the community's sustained growth and development.
This information is meant to be a general summary of Cambridge Main Street Initiative 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.
- Program Service Revenue: $42,846
- Gross Receipts: $84,111
Assets and Liabilities:
- Total Assets: $72,333
- Total Liabilities: $0
- Net Assets: $72,333
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUPPORTER RENEWALS
Revenue
$15,756
HANGING BASKETS
Revenue
$6,110
CHRISTMAS PARADE
Revenue
$5,577
SUPPORTER RENEWALS
Revenue
$5,000
UNDERGROUND TOURS
Revenue
$4,172
Organization Details
Founding Year
2004
Phone
(740) 439-2238Principal Officer
Karrie Fritz
Main Address
123 SOUTHGATE PARKWAY, CAMBRIDGE, OH, 43725
Website
www.downtowncambridge.comNTEE Category
Code: X20 - Religion related
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