Overview
What is Main Street Historic Chestertown Inc?
Main Street Historic Chestertown Inc, based in Chestertown, Maryland, serves as a catalyst for the growth and vibrancy of its downtown area. By promoting and supporting a diverse array of educational, cultural, entertainment, and recreational activities, the nonprofit attracts both locals and visitors, fostering a lively environment. The organization enhances the streetscapes and waterfront, making the area more inviting for residents and businesses to live and work. With a small team of one employee, Main Street Historic Chestertown Inc plays a significant role in nurturing a prosperous and diverse downtown community in Chestertown.
Official website here: www.mainstreetchestertown.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
Main Street Historic Chestertown Inc has achieved an impressive 97% score on Charity Navigator, reflecting exceptional performance in accountability and finance. The organization has received full marks in several key areas, indicating a strong commitment to transparency and responsible management of resources. This rating signifies that the charity is effectively utilizing its funds to further its mission, with a program expense ratio of 88.24%, ensuring that a substantial portion of its budget is directed towards its programs.
The organization boasts a fully independent board, with 100% of its members meeting this criterion, which contributes to its high accountability rating. Additionally, Main Street Historic Chestertown Inc adheres to best practices by having comprehensive policies in place, including conflict of interest and whistleblower policies. These elements enhance stakeholder trust and demonstrate the organization's dedication to ethical governance.
While the charity excels in many areas, maintaining this level of performance will be crucial as it continues to navigate its financial responsibilities. The low liabilities to assets ratio of 14.63% further supports its sound financial health, but ongoing vigilance will be necessary to sustain its high standards and effectively serve its community.
This AI summary has been generated from information found on Charity Navigator.
Is Main Street Historic Chestertown Inc legitimate?
Main Street Historic Chestertown Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Main Street Historic Chestertown 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:
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Other Salaries and Wages: $62,000
For more financial information, click here
Official website here: www.mainstreetchestertown.org
What is the mission statement of Main Street Historic Chestertown Inc?
Main Street Historic Chestertown Inc's mission is to foster an inviting, diverse, and prosperous downtown area. To achieve this, the organization promotes and supports a diverse range of educational, cultural, entertainment, and recreational activities. These activities attract both residents and visitors to the downtown area, thereby facilitating an increase in the number and variety of successful downtown businesses. Furthermore, Main Street Historic Chestertown Inc enhances the downtown's streetscapes and waterfront to create an inviting living and working environment. This initiative encourages an increase in the number of downtown residents, contributing to the overall prosperity of the area.
Official website here: www.mainstreetchestertown.org
Who is the CEO of Main Street Historic Chestertown Inc?
Kristen Owens is the President of Main Street Historic Chestertown Inc.
Official website here: www.mainstreetchestertown.org
What is the revenue of Main Street Historic Chestertown Inc?
Main Street Historic Chestertown Inc's revenue in 2022 was $193,242.
Official website here: www.mainstreetchestertown.org
Who are the executives of Main Street Historic Chestertown Inc and what are their salaries?
The average compensation at Main Street Historic Chestertown Inc during 2022 was $62,000. There is 1 employee and 82 volunteers at Main Street Historic Chestertown Inc.
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Official website here: www.mainstreetchestertown.org
Where can I find the form 990 for Main Street Historic Chestertown Inc?
Main Street Historic Chestertown Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mainstreetchestertown.org
Learn more at the official website: www.mainstreetchestertown.org
Mission Statement of Main Street Historic Chestertown Inc
Main Street Historic Chestertown Inc, as a nonprofit organization, is committed to fostering an inviting, diverse, and prosperous downtown environment. This mission is achieved by promoting and supporting a diverse range of educational, cultural, entertainment, and recreational activities. These activities attract both residents and visitors to downtown, creating a vibrant and engaging community.
Furthermore, Main Street Historic Chestertown Inc enhances the streetscapes and waterfront of the downtown area to create an inviting living and working environment. This enhanced environment encourages an increase in the number of downtown residents, contributing to the overall prosperity of the area. By facilitating the growth of successful downtown businesses and providing a variety of activities, the organization aims to enrich the lives of those who live, work, and visit the downtown area.
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Impact
October, 2024
Main Street Historic Chestertown Inc has significantly enriched the downtown area by promoting a vibrant mix of businesses and activities. Through various educational, cultural, entertainment, and recreational events, it has attracted both residents and visitors, contributing to a thriving local economy.
The initiative has successfully increased the number and variety of downtown businesses, creating an inviting atmosphere that encourages community engagement. Investments in enhancing streetscapes and waterfront areas have further elevated the appeal of the downtown environment, making it a desirable place to live and work. This comprehensive approach has fostered a diverse and prosperous downtown, aligning with the mission to nurture a welcoming community that celebrates arts and culture.
This information is meant to be a general summary of Main Street Historic Chestertown 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: $44,920
- Gross Receipts: $193,242
Assets and Liabilities:
- Total Assets: $40,637
- Total Liabilities: $6,253
- Net Assets: $34,384
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Organization Details
Founding Year
2009
Phone
(410) 778-2991Principal Officer
Kristen Owens
Main Address
PO BOX 427, CHESTERTOWN, MD, 21620
NTEE Category
Code: A23 - Arts
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