Overview
What is Holly Springs Main Street Chamber?
The Holly Springs Main Street Chamber is a dedicated non-profit organization, primarily driven by volunteers, situated in Holly Springs, Mississippi. Its primary objective is to improve the overall living conditions and create a conducive environment for both residents and businesses in the area. The chamber strives to preserve and protect the historical, cultural, and architectural heritage of Holly Springs, with a particular focus on its downtown area. Additionally, it promotes economic, civic, commercial, cultural, industrial, and educational interests within the community. The organization achieves its goals through the '4-point main street approach,' which includes design, economic development, organization, and promotion. The chamber has actively participated in ribbon cuttings, promoting new businesses in the downtown area, and recently organized a Bikers and Blues event to boost interest in the area's development. With a volunteer-driven workforce, Holly Springs Main Street Chamber is committed to enhancing the well-being of its community.
Official website here: www.hollyspringsms.org/chamber
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36% (Zero-Star out of Four Star rating)
The Holly Springs Main Street Chamber has received a low rating of 36%, indicating significant concerns regarding its accountability and financial health. The score is based entirely on accountability, where it excels in board independence and transparency regarding board meeting minutes and website listings. However, it faces serious shortcomings, particularly in governance policies and financial management.
Despite achieving full marks in some areas, such as having a majority of independent board members and no material diversion of assets, the organization has been criticized for lacking essential policies, including conflict of interest and whistleblower protections. Furthermore, its financial ratios raise red flags, with a liabilities-to-assets ratio of over 132% and a program expense ratio of only 24.66%, suggesting inadequate funding for programs and potential liquidity issues.
Overall, while the organization demonstrates some strengths in governance, its lack of critical policies and troubling financial metrics contribute to its low rating. Prospective donors and stakeholders may want to consider these factors carefully before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Holly Springs Main Street Chamber legitimate?
Holly Springs Main Street Chamber is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holly Springs Main Street Chamber 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: $24,000
For more financial information, click here
Official website here: www.hollyspringsms.org/chamber
What is the mission statement of Holly Springs Main Street Chamber?
The Holly Springs Main Street Chamber, a volunteer-driven non-profit organization, is dedicated to improving the overall livability of its community. Its mission is to foster a better environment for living, working, and conducting business. Specifically, the organization aims to preserve and protect the history, culture, and architecture of its downtown area, while also promoting economic, civic, commercial, cultural, industrial, and educational interests in a broader sense. It achieves this goal through the implementation of the 4-point Main Street Approach, which includes design, economic development, organization, and promotion. The chamber actively promotes new business development in the downtown area and organizes events, such as the Bikers and Blues Event, to attract interest and stimulate growth.
Official website here: www.hollyspringsms.org/chamber
Who is the CEO of Holly Springs Main Street Chamber?
Jerry Fitch Jr is the Treasurer of Holly Springs Main Street Chamber.
Official website here: www.hollyspringsms.org/chamber
What is the revenue of Holly Springs Main Street Chamber?
Holly Springs Main Street Chamber's revenue in 2020 was $42,824.
Official website here: www.hollyspringsms.org/chamber
Who are the executives of Holly Springs Main Street Chamber and what are their salaries?
The average compensation at Holly Springs Main Street Chamber during 2020 was $24,000. There is 1 employee at Holly Springs Main Street Chamber.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hollyspringsms.org/chamber
Where can I find the form 990 for Holly Springs Main Street Chamber?
Holly Springs Main Street Chamber's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.hollyspringsms.org/chamber
Learn more at the official website: www.hollyspringsms.org/chamber
Mission Statement of Holly Springs Main Street Chamber
The Holly Springs Main Street Chamber, a non-profit organization driven by volunteers, is committed to improving the living, working, and business environment in Holly Springs. Their mission is to amplify the preservation and protection of Holly Springs' downtown area, emphasizing its history, culture, architecture, and diverse utilization. This non-profit organization also aims to foster economic, civic, commercial, cultural, industrial, and educational interests within the wider community. They achieve this through the implementation of the 4-point Main Street Approach, which focuses on design, economic development, organization, and promotion. The Holly Springs Main Street Chamber actively promotes the development of new businesses in the downtown area and organizes events, such as the Bikers and Blues Event, to attract interest and stimulate growth in this sector.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
The impact of Holly Springs Main Street Chamber is evident in the enhancement of the quality of life in Holly Springs and its transformation into a better place to live, work, and do business. Through its focus on promoting the preservation, protection, history, culture, architecture, and diverse use of the downtown area, as well as the economic, civic, commercial, cultural, industrial, and educational interests of the community as a whole, the Chamber plays a vital role in driving positive change. Their initiatives, such as attending ribbon cuttings, promoting the development of new businesses in the downtown area, and organizing events like the Bikers and Blues Event, are aimed at fostering interest and growth in the local economy and community. Through their dedication to the 4-point main street approach of design, economic development, organization, and promotion, the Holly Springs Main Street Chamber makes a significant impact on the overall well-being and prosperity of the city.
This information is meant to be a general summary of Holly Springs Main Street Chamber. 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 2020.
- Gross Receipts: $42,824
Assets and Liabilities:
- Total Assets: $33,336
- Total Liabilities: $44,042
- Net Assets: -$10,706
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2012
Principal Officer
Jerry Fitch Jr
Main Address
148 EAST COLLEGE AVE, Holly Springs, MS, 38635
NTEE Category
Code: P20 - Human services
If you are a representative of Holly Springs Main Street Chamber and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.