Overview
What is Main Street Marshfield Inc?
Main Street Marshfield Inc is a nonprofit organization situated in Marshfield, Wisconsin, with an address at 222 South Central Avenue 1G. With a dedicated workforce of three individuals, its primary mission is to stimulate economic development in the downtown Marshfield business area. This is achieved through various programs, including organization, promotion, design, and economic restructuring. The organization aims to enhance the community's identity and heritage, foster a center of activity, and ensure economic stability for the heart of Marshfield. By concentrating efforts in these areas, Main Street Marshfield Inc strives to revitalize the local economy and create a thriving downtown area for the benefit of the community.
Official website here: www.mainstreetmarshfield.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68%, earning it a Two-Star out of Four Star rating. This rating reflects some positive aspects of Main Street Marshfield Inc., particularly in governance, as it has achieved a perfect score in having a majority of independent board members and an appropriately sized board. Additionally, it demonstrates fiscal responsibility with a low liabilities-to-assets ratio, indicating a stable financial position.
However, there are notable weaknesses in the organization's accountability and transparency practices. The absence of a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy has impacted its overall score, particularly in the governance category. Furthermore, the nonprofit has not made its tax form available on its website, which is a missed opportunity for enhancing transparency.
Overall, while Main Street Marshfield Inc. shows strengths in board independence and financial health, it has significant areas for improvement concerning governance policies and public accessibility of information. Addressing these deficiencies could enhance its accountability and potentially improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Main Street Marshfield Inc legitimate?
Main Street Marshfield Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Main Street Marshfield 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: $50,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mainstreetmarshfield.com
What is the mission statement of Main Street Marshfield Inc?
Main Street Marshfield Inc's mission is to enhance the community identity and heritage while fostering a hub of activity. Their objective is to ensure economic stability for the community's core, primarily through concentrated efforts in organization, promotion, design, and economic restructuring. In essence, they strive to stimulate economic development in their local business area by organizing, promoting, and designing public and societal benefit programs.
Official website here: www.mainstreetmarshfield.com
Who is the CEO of Main Street Marshfield Inc?
Jenna Hanson is the Director of Main Street Marshfield Inc.
Official website here: www.mainstreetmarshfield.com
What is the revenue of Main Street Marshfield Inc?
Main Street Marshfield Inc's revenue in 2022 was $139,139.
Official website here: www.mainstreetmarshfield.com
Who are the executives of Main Street Marshfield Inc and what are their salaries?
The average compensation at Main Street Marshfield Inc during 2022 was $16,667. There are 3 employees at Main Street Marshfield Inc.
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Official website here: www.mainstreetmarshfield.com
Where can I find the form 990 for Main Street Marshfield Inc?
Main Street Marshfield Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mainstreetmarshfield.com
Learn more at the official website: www.mainstreetmarshfield.com
Mission Statement of Main Street Marshfield Inc
Main Street Marshfield Inc is committed to enriching the community identity and heritage, fostering a vibrant center of activity, and ensuring economic stability for the heart of the community. To accomplish this mission, the organization employs focused efforts in organization, promotion, design, and economic restructuring. By stimulating economic development in the downtown Marshfield business area through public, society-benefiting programs and initiatives, Main Street Marshfield Inc aims to revitalize the local economy and create a thriving community hub.
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Impact
October, 2024
Main Street Marshfield Inc plays a crucial role in enhancing the community identity and heritage of Marshfield, Wisconsin. By focusing on the downtown area, it stimulates economic development through various initiatives. The organization implements strategic efforts in organization, promotion, design, and economic restructuring, effectively fostering a vibrant center of activity.
Through targeted programs, Main Street Marshfield Inc not only promotes local businesses but also encourages community involvement, creating a more cohesive and engaged community. These efforts contribute to the overall economic stability of the area, ensuring that Marshfield remains a thriving hub for both residents and visitors. By revitalizing public spaces and promoting local culture, the organization significantly impacts the quality of life and the economic landscape of Marshfield, supporting a sustainable and attractive downtown environment.
This information is meant to be a general summary of Main Street Marshfield 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: $74
- Gross Receipts: $174,884
Assets and Liabilities:
- Total Assets: $41,108
- Total Liabilities: $8,685
- Net Assets: $32,423
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Organization Details
Founding Year
2004
Phone
(715) 387-3299Principal Officer
Jenna Hanson
Main Address
222 SOUTH CENTRAL AVENUE 1G, MARSHFIELD, WI, 54449
Website
www.mainstreetmarshfield.comNTEE Category
Code: S200 - Community improvement
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