Overview
What is Aledo Main Street Inc Nfp?
Aledo Main Street Inc Nfp is a nonprofit organization located in Aledo, committed to boosting the visibility and engagement of the local downtown area and businesses. They achieve this by organizing a range of activities aimed at fostering community involvement in both business and community events. The mission of Aledo Main Street Nfp is to stimulate interest and participation in the revitalization of Aledo's downtown, ultimately enhancing the overall appeal and prosperity of the local businesses.
Official website here: www.aledomainstreet.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
Aledo Main Street Inc Nfp has received a Three-Star rating from Charity Navigator, reflecting a solid score of 76%. This rating is derived solely from their Accountability & Finance metrics, where the organization excels in several areas, including having 100% independent board members and a favorable liabilities to assets ratio of 0.00%. These metrics indicate a strong commitment to financial health and governance.
However, there are notable areas for improvement. The organization lacks key policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, all of which have resulted in zero points being awarded in these categories. These omissions may raise concerns regarding transparency and ethical practices within the organization.
Despite the shortcomings in policy documentation, Aledo Main Street Inc Nfp demonstrates effective program expense management, with an impressive program expense ratio of 96.93%. This suggests a strong focus on utilizing resources for direct program services rather than overhead, which is a positive aspect of their overall operation.
This AI summary has been generated from information found on Charity Navigator.
Is Aledo Main Street Inc Nfp legitimate?
Aledo Main Street Inc Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aledo Main Street Inc Nfp 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: $46,672
For more financial information, click here
Official website here: www.aledomainstreet.com
What is the mission statement of Aledo Main Street Inc Nfp?
Aledo Main Street Inc Nfp, as a non-profit organization, is dedicated to promoting the downtown area and local businesses. Their mission is accomplished through various activities designed to boost awareness and encourage community engagement in business and community events. By doing so, they aim to foster a stronger sense of involvement and support for the local business scene. Aledo Main Street Inc Nfp's efforts are geared towards enhancing the overall image and appeal of the downtown area, ultimately benefiting both the businesses and the community as a whole.
Official website here: www.aledomainstreet.com
Who is the CEO of Aledo Main Street Inc Nfp?
Erica Hajny is the Executive Di of Aledo Main Street Inc Nfp.
Official website here: www.aledomainstreet.com
What is the revenue of Aledo Main Street Inc Nfp?
Aledo Main Street Inc Nfp's revenue in 2023 was $81,218.
Official website here: www.aledomainstreet.com
Who are the executives of Aledo Main Street Inc Nfp and what are their salaries?
The average compensation at Aledo Main Street Inc Nfp during 2023 was $23,336. There are 2 employees at Aledo Main Street Inc Nfp.
Here are 10 key members and their salaries:
- Compensation: $46,000
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- Other: $0
Official website here: www.aledomainstreet.com
Where can I find the form 990 for Aledo Main Street Inc Nfp?
Aledo Main Street Inc Nfp's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.aledomainstreet.com
Learn more at the official website: www.aledomainstreet.com
Mission Statement of Aledo Main Street Inc Nfp
Aledo Main Street Inc Nfp is dedicated to promoting the downtown area and local businesses. This nonprofit organization undertakes various activities to boost awareness and encourage community engagement in both business and community events. By doing so, Aledo Main Street Nfp strives to foster a strong sense of involvement and support among the local residents, ultimately benefiting the businesses and the community as a whole.
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Impact
October, 2024
Aledo Main Street Inc Nfp significantly enhances the vitality of Aledo by promoting the downtown area and supporting local businesses. Through a range of activities, it boosts awareness and encourages community involvement, fostering a vibrant atmosphere that attracts residents and visitors alike. By focusing on the economic and social aspects of the community, this organization strengthens local commerce and creates a sense of unity among the residents. Its efforts not only enhance the aesthetic appeal of the downtown area but also stimulate economic growth, ensuring that local businesses thrive and that the community remains engaged in various business and cultural activities. The overall impact of Aledo Main Street Inc Nfp is a more connected, active, and economically sustainable community.
This information is meant to be a general summary of Aledo Main Street Inc Nfp. 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 2023.
- Investment Income: $117
- Program Service Revenue: $47,523
- Gross Receipts: $81,218
Assets and Liabilities:
- Total Assets: $206,606
- Total Liabilities: $0
- Net Assets: $206,606
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FUNDRAISING EVENTS
Revenue
$46,023
MISC WALMART GRANT
Revenue
$1,500
Organization Details
Founding Year
2001
Phone
(309) 582-8880Principal Officer
Erica Hajny
Main Address
201 W MAIN ST PO BOX 209, ALEDO, IL, 61231
Website
www.aledomainstreet.comNTEE Category
Code: S20 - Community improvement
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