Overview
What is Main Street Ventures?
Main Street Ventures is a nonprofit organization situated in Cincinnati, Ohio, with a focus on supporting the entrepreneurial ecosystem. Their primary purpose is to foster regional economic development by offering a physical space for start-up and emerging technology businesses. They also aim to educate the local business communities about technology-related issues and opportunities. Additionally, Main Street Ventures serves as a platform for the exchange of ideas, technology, business practices, and information among regional technology businesses and local colleges and universities. With a team of four dedicated individuals, they conduct various activities that align with their objective of promoting regional economic growth.
Official website here: www.brandery.org & mainstventures.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78%, Three-Star out of Four Star rating.
Main Street Ventures has received a solid Three-Star rating from Charity Navigator, indicating a commendable performance in accountability and finance. With a score of 83% in this category, the organization demonstrates strong governance practices, including 81% of its board members being independent and no material diversion of assets. Notably, the program expense ratio is high at 93.62%, signifying that a significant portion of its funds is directed towards its programs.
While the organization excels in many areas, there are some gaps in its policies. Specifically, it lacks a whistleblower policy and a document retention and destruction policy, which scored zero points. These omissions could potentially raise concerns about transparency and operational integrity. However, the organization maintains well-documented board meeting minutes and has implemented effective feedback collection and usage practices.
Overall, Main Street Ventures shows a robust structure and a high commitment to its mission, as evidenced by its perfect scores in leadership and adaptability, as well as culture and community. The organization actively engages with its stakeholders and is open to feedback, which reflects positively on its operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Main Street Ventures legitimate?
Main Street Ventures is a legitimate nonprofit organization registered as a 501(c)(3) entity. Main Street Ventures 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: $101,745
Professional Fundraising Fees: $0
Other Salaries and Wages: $113,606
For more financial information, click here
Official website here: www.brandery.org & mainstventures.org
What is the mission statement of Main Street Ventures?
Main Street Ventures aims to foster regional economic development by offering a physical space for start-up and emerging technology businesses. This organization serves to educate the local business communities about technology-related issues and opportunities. It also acts as a platform for exchanging ideas, technology, business practices, and other relevant information among regional technology businesses and educational institutions. Moreover, Main Street Ventures carries out any activities that align with its primary goal of promoting regional economic development.
Official website here: www.brandery.org & mainstventures.org
Who is the CEO of Main Street Ventures?
Sarah Kubala is the Board Member of Main Street Ventures.
Official website here: www.brandery.org & mainstventures.org
What is the revenue of Main Street Ventures?
Main Street Ventures's revenue in 2022 was $1,779,738.
Official website here: www.brandery.org & mainstventures.org
Who are the executives of Main Street Ventures and what are their salaries?
The average compensation at Main Street Ventures during 2022 was $53,838. There are 4 employees and 8 volunteers at Main Street Ventures.
Here are 11 key members and their salaries:
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- Compensation: $78,169
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- Compensation: $18,000
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Official website here: www.brandery.org & mainstventures.org
Where can I find the form 990 for Main Street Ventures?
Main Street Ventures's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.brandery.org & mainstventures.org
Learn more at the official website: www.brandery.org & mainstventures.org
Mission Statement of Main Street Ventures
Main Street Ventures, as a nonprofit organization, is dedicated to promoting regional economic development. They achieve this by offering a physical space to nascent and emerging technology businesses. This not only provides a platform for these startups but also fosters an environment conducive to their growth. Beyond just providing a physical structure, Main Street Ventures also educates the local business community about technology-related issues and opportunities. This serves to broaden the horizon of regional businesses and prepare them for the digital age.
Main Street Ventures also acts as a hub for the exchange of ideas, technology, business practices, and information between regional technology businesses and educational institutions. This facilitates a dynamic ecosystem where ideas can flourish and businesses can learn from each other, thereby contributing to the overall growth of the region. Furthermore, Main Street Ventures engages in activities consistent with its purpose, demonstrating its commitment to supporting the technological growth of the region.
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Impact
October, 2024
Main Street Ventures plays a crucial role in fostering regional economic development by offering essential support to startup and emerging technology businesses. By providing a dedicated physical structure, it creates an environment where these enterprises can thrive, fostering innovation and sustainable growth within the community.
The organization focuses on educating local business communities about technology issues and opportunities, ensuring that entrepreneurs are well-equipped to navigate the evolving business landscape. This education addresses critical technology trends, which enhances the overall competency of the regional workforce.
Additionally, Main Street Ventures serves as a vital forum for the exchange of ideas, technology practices, and business insights among regional technology companies and local colleges and universities. This collaborative platform not only fosters networking and partnerships but also stimulates the dissemination of knowledge that drives innovation and economic vitality.
Through its efforts, Main Street Ventures aims to increase access to capital for emerging businesses, ultimately contributing to job creation and the expansion of opportunities for individuals within the region. Its commitment to building a robust entrepreneurial ecosystem positions it as a key player in advancing Cincinnati's economic landscape and supporting the next generation of business leaders.
This information is meant to be a general summary of Main Street Ventures. 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: $38,404
- Program Service Revenue: $5,040
- Gross Receipts: $1,786,093
Assets and Liabilities:
- Total Assets: $2,515,108
- Total Liabilities: $189,722
- Net Assets: $2,325,386
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STARTUP HOUSING RENTAL
Revenue
$18,326
OWNERSHIP IN STARTUPS
Revenue
-$13,286
Organization Details
Founding Year
1999
Phone
(513) 357-9626Principal Officer
Sarah Kubala
Main Address
1311 VINE STREET, CINCINNATI, OH, 45202
NTEE Category
Code: B90 - Education
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