Overview
What is Main Street Kent?
Main Street Kent is a nonprofit organization located at 154 N WATER STREET, Kent, OH, 44240. Its primary mission is to stimulate economic development in the central business district of Kent. This is achieved through various activities such as organization, promotion, design, and economic restructuring. The goal is to preserve the historic character of the district, protect its defining features, expand existing buildings, and recruit new businesses to complement the current ones. The organization aims to produce both tangible and intangible benefits, including rekindling downtown cooperation and civic participation, and making the downtown area a fun place to visit. Main Street Kent administers and distributes funds in connection with any activities related to its purposes. The nonprofit has a small workforce of two individuals.
Is Main Street Kent legitimate?
Main Street Kent is a legitimate nonprofit organization registered as a 501(c)(4) entity. Main Street Kent 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:
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Other Salaries and Wages: $142,033
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What is the mission statement of Main Street Kent?
Main Street Kent's mission is to foster economic growth in its central business district. This is achieved through organization, promotion, design, and economic restructuring. The organization aims to preserve the historical character of the area while protecting its distinctive features. By expanding existing buildings and recruiting new businesses, Main Street Kent aims to complement the existing businesses. The ultimate goal is to generate both tangible and intangible benefits, such as rekindling cooperation and civic participation, and making the district an enjoyable place to visit. The organization also administers and distributes funds in connection with activities related to these purposes.
What is the revenue of Main Street Kent?
Main Street Kent's revenue in 2024 was $230,798.
Who are the executives of Main Street Kent and what are their salaries?
The average compensation at Main Street Kent during 2024 was $71,016. There are 2 employees at Main Street Kent.
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Where can I find the form 990 for Main Street Kent?
Main Street Kent's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Main Street Kent
Main Street Kent, a nonprofit organization, is committed to stimulating economic development within the central business district. Their mission is multifaceted, encompassing organization, promotion, design, and economic restructuring to revitalize the area. They aim to preserve the historic character of the district and protect its defining features, while also expanding existing buildings and recruiting new businesses to complement the existing ones. This strategic approach aims to produce both tangible and intangible benefits for the community. These benefits include fostering downtown cooperation and civic participation, making the downtown area an enjoyable and welcoming place to visit, and administering and distributing funds connected to activities related to these objectives.
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Impact
October, 2024
Main Street Kent plays a pivotal role in driving economic development in the central business district of Kent. By focusing on organization, promotion, design, and economic restructuring, it revitalizes the area while simultaneously preserving its historic character. Through its initiatives, Main Street Kent fosters a vibrant downtown environment, encouraging the expansion of existing businesses and the recruitment of new ones that complement the local economy.
The organization generates both tangible and intangible benefits, such as enhanced cooperation among downtown stakeholders and increased civic participation. By making downtown Kent an enjoyable place to visit, it not only attracts residents but also draws visitors, thereby invigorating the local economy. Main Street Kent's commitment to improving the central business district ensures that the area remains a dynamic hub for commerce, culture, and community engagement.
This information is meant to be a general summary of Main Street Kent. 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 2024.
- Investment Income: $7,092
- Program Service Revenue: $129,513
- Gross Receipts: $350,436
Assets and Liabilities:
- Total Assets: $249,721
- Total Liabilities: $4,905
- Net Assets: $244,816
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CITY OF KENT COMM DEV
Revenue
$70,000
MEMBERSHIP DUES & ASSESSMENTS
Revenue
$27,908
ADOPT A SPOT CONTRACT
Revenue
$15,000
ADOPT A SPOT SPONSORSHIPS
Revenue
$14,950
MISC PROGRAM INCOME
Revenue
$1,655
Organization Details
Founding Year
2006
Principal Officer
Maggie Mckendry
NTEE Category
Code: S30 - Community improvement
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