Overview
What is Downtown Belton Main Street Inc?
Downtown Belton Main Street Inc is a charitable organization based in Belton, Missouri, dedicated to fostering a vibrant central business district while preserving its historical charm. They achieve this goal through their four-point approach, which includes encouraging cooperation, recruiting volunteers, and building leadership within the business community (Organization); promoting a positive image of the downtown area as a desirable place to live, shop, and invest (Promotion); developing strategies for business retention, expansion, and recruitment (Economic Restructuring); and providing design education and assistance to improve the appearance of the district (Design). The organization aims to maintain a good standing with the National Trust's Main Street Center and strive to distribute funds in a charitable manner for their mission.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 28%, Zero-Star out of Four Star rating.
Downtown Belton Main Street Inc has received a very low rating of 28% from Charity Navigator, which highlights significant concerns regarding its accountability and financial practices. While the organization displays strong governance with a fully independent board, it fails to meet critical financial transparency and operational standards, resulting in poor performance across various metrics.
The charity has been noted for its majority independent board members and good governance practices, such as the documentation of board meeting minutes and loan handling. However, serious deficiencies are evident in its financial reporting and policies, with a total lack of transparency in crucial areas like the publication of financial statements and essential governance documents. This lack of clarity raises questions about the organization's financial health and operational integrity.
Furthermore, the organization shows alarming weaknesses in financial ratios, including a concerning liabilities to assets ratio and a zero score for program expense ratio, which indicates that a significant portion of its resources may not be directed toward its intended programs. Overall, potential donors and volunteers should exercise caution and seek further information before engaging with Downtown Belton Main Street Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Downtown Belton Main Street Inc legitimate?
Downtown Belton Main Street Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Belton Main Street 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: $571,039
For more financial information, click here
What is the mission statement of Downtown Belton Main Street Inc?
Downtown Belton Main Street Inc is organized with the purpose of providing educational and charitable resources to promote and strengthen a diverse central business district. Their mission is to preserve the historic character of the district, primarily in Belton, Missouri. They achieve this goal by utilizing the Main Street Four-Point Approach, which includes organization, promotion, economic restructuring, and design. The organization encourages cooperation and builds leadership within the business community, creates a positive image for the district, develops strategies for business retention, expansion, and recruitment, and provides design education to improve the appearance of the district. Downtown Belton Main Street Inc aspires to maintain a good standing with the National Trust's Main Street Center and acts in a charitable manner, managing funds related to its activities.
Who is the CEO of Downtown Belton Main Street Inc?
Gary Mallory is the Secretary of Downtown Belton Main Street Inc.
What is the revenue of Downtown Belton Main Street Inc?
Downtown Belton Main Street Inc's revenue in 2022 was $2,742,094.
Who are the executives of Downtown Belton Main Street Inc and what are their salaries?
The average compensation at Downtown Belton Main Street Inc during 2022 was $35,690. There are 16 employees at Downtown Belton Main Street Inc.
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
Where can I find the form 990 for Downtown Belton Main Street Inc?
Downtown Belton Main Street Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Downtown Belton Main Street Inc
Downtown Belton Main Street Inc, a nonprofit organization, is established with the purpose of providing educational and charitable resources to strengthen and promote a diverse central business district in Belton, Missouri. The corporation follows the Main Street Four-Point Approach, which includes Organization, Promotion, Economic Restructuring, and Design. Through Organization, they encourage cooperation, recruit volunteers, and build leadership within the business community. In Promotion, they aim to create a positive image for Downtown and promote it as a viable place to live, shop, and invest. Economic Restructuring involves developing business retention, expansion, and recruitment strategies. Lastly, in Design, they provide education and assistance to improve the appearance of Downtown. Downtown Belton Main Street Inc aspires to achieve and maintain good standing with the National Trust's Main Street Center, acting in a charitable manner while receiving, administering, and distributing funds in connection with their mission.
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Impact
October, 2024
Downtown Belton Main Street Inc plays a crucial role in revitalizing and enhancing the central business district of Belton, Missouri. By promoting a diverse and vibrant community, it fosters economic growth and encourages local investment.
Through the implementation of the Main Street Four-Point Approach, the organization focuses on several key areas:
1. **Organization**: By promoting cooperation and recruiting volunteers, it builds leadership within the local business community, fostering a sense of collaboration and shared goals among business owners.
2. **Promotion**: It works diligently to create a positive image of downtown Belton, marketing it as an inviting place to live, shop, and invest. This visibility helps attract visitors and potential new residents, enhancing the overall economic vitality of the area.
3. **Economic Restructuring**: The initiative develops strategies for business retention, expansion, and recruitment, ensuring that the local economy remains robust and diverse. This proactive approach supports the existing businesses while also attracting new enterprises to the community.
4. **Design**: By providing design education and assistance, it enhances the visual appeal of downtown, preserving its historic character while also encouraging improvements that make it a more attractive destination.
Overall, Downtown Belton Main Street Inc is instrumental in shaping a thriving downtown environment, blending economic development with the preservation of the community’s unique history. Its efforts not only benefit local businesses but also enrich the quality of life for residents and visitors alike.
This information is meant to be a general summary of Downtown Belton Main Street 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.
- Investment Income: $131
- Gross Receipts: $2,742,094
Assets and Liabilities:
- Total Assets: $460,560
- Total Liabilities: $0
- Net Assets: $460,560
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Organization Details
Founding Year
2010
Phone
(816) 425-2206Principal Officer
Gary Mallory
Main Address
325 MAIN STREET, BELTON, MO, 64012
NTEE Category
Code: T31 - Philanthropy
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