Overview
What is Main Street Dayton?
Main Street Dayton is a nonprofit organization situated in Dayton, Tennessee, specifically at 379 2nd Avenue. Their primary mission is to foster the historic preservation and economic revitalization of the downtown area of Dayton. This mission is carried out through the creation of an entrepreneur center and a coworking space. The organization is operated exclusively for charitable purposes, as defined by Section (C)(3) of the Internal Revenue Code. With a small team of one dedicated individual, Main Street Dayton aims to contribute positively to the local community by promoting business growth and enhancing the overall appeal of the downtown area.
Official website here: www.mainstreetdayton.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star rating.
Main Street Dayton has received a rating of 58%, indicating significant challenges in its accountability and financial practices. While the organization has a fully independent board, it scores poorly in areas such as financial transparency, evidenced by the absence of financial statements available for public review. The organization does maintain some positive governance practices, such as having documented board meeting minutes and a conflict of interest policy.
On the strengths side, Main Street Dayton allocates a high percentage of its expenses (88.43%) towards its programs, showcasing a commitment to effective service delivery. However, the lack of critical policies—such as a whistleblower policy and guidelines for document retention—highlights areas where the organization can improve its governance and transparency. Additionally, the high liabilities to assets ratio of 93.78% raises concerns about its financial health, indicating a potential overextension of resources.
Overall, while Main Street Dayton demonstrates a strong dedication to its mission through program expenses, there are essential governance and financial reporting issues that need to be addressed to enhance credibility and trust among its stakeholders. Improved transparency and policy adherence could help the organization move toward a more favorable rating in the future.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Main Street Dayton?
94% of the six reviewers on Facebook recommend Main Street Dayton. Here is a summary of their reviews:
Overall, the feedback leans positively, with a significant majority of users expressing support for the organization. However, one detracting opinion highlights concerns about the leadership and operational competence of the nonprofit, suggesting that improvements may be necessary to align with the community's expectations.
While the recommendations suggest that many believe in the mission and activities of Main Street Dayton, there appears to be room for growth regarding management and event execution based on the lone critical review. This note of caution indicates that while the nonprofit may be fulfilling many of its objectives, addressing organizational challenges could enhance its effectiveness and community perception.
This AI summary has been generated from reviews found on Facebook.
Is Main Street Dayton legitimate?
Main Street Dayton is a legitimate nonprofit organization registered as a 501(c)(3) entity. Main Street Dayton 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: $30,428
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mainstreetdayton.org
What is the mission statement of Main Street Dayton?
Main Street Dayton, a charitable organization, is committed to the historic preservation and economic revitalization of a downtown area. Operating under Section(C)(3) of the Internal Revenue Code, its primary objective is to breathe new life into this urban center. To achieve this, the organization has established a business center, an entrepreneur center, and a cowork space. These initiatives aim to foster a conducive environment for local businesses, thereby contributing to the overall development and prosperity of the area.
Official website here: www.mainstreetdayton.org
Who is the CEO of Main Street Dayton?
Randy Wells is the Chairman of Main Street Dayton.
Official website here: www.mainstreetdayton.org
What is the revenue of Main Street Dayton?
Main Street Dayton's revenue in 2022 was $501,288.
Official website here: www.mainstreetdayton.org
Who are the executives of Main Street Dayton and what are their salaries?
The average compensation at Main Street Dayton during 2022 was $30,428. There is 1 employee at Main Street Dayton.
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Official website here: www.mainstreetdayton.org
Where can I find the form 990 for Main Street Dayton?
Main Street Dayton's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mainstreetdayton.org
Learn more at the official website: www.mainstreetdayton.org
Mission Statement of Main Street Dayton
Main Street Dayton, a nonprofit organization, is dedicated to preserving the historical charm of the downtown area in Tennessee and fostering its economic revitalization. Operating under Section(C)(3) of the Internal Revenue Code, its mission is to serve charitable purposes. Specifically, Main Street Dayton works towards enhancing the downtown area by creating a new business center, establishing an entrepreneur center, and implementing a coworking space. This strategic approach aims to stimulate economic growth and maintain the area's historical character. By supporting local businesses and entrepreneurs, the organization contributes to the overall development and vitality of the downtown area.
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Impact
July, 2024
Main Street Dayton's impact can be seen in the revitalization and preservation of the downtown area of Dayton, Tennessee. Through its initiatives, such as creating a new business center, establishing an entrepreneur center, and providing coworking space, Main Street Dayton is actively contributing to the economic development and rejuvenation of the community. By focusing on historic preservation and fostering a conducive environment for local businesses and entrepreneurs to thrive, Main Street Dayton is playing a pivotal role in driving positive change and growth in the downtown area.
This information is meant to be a general summary of Main Street Dayton. 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: $49
- Gross Receipts: $505,042
Assets and Liabilities:
- Total Assets: $214,834
- Total Liabilities: $197,752
- Net Assets: $17,082
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Organization Details
Founding Year
2009
Principal Officer
Randy Wells
Main Address
379 2nd AVENUE, DAYTON, TN, 37321
Website
www.mainstreetdayton.orgNTEE Category
Code: S30 - Community improvement
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