Overview
What is Lake Street Council?
Lake Street Council is a nonprofit organization based in Minneapolis, Minnesota, specifically at 2925 Chicago Ave S 190. Their primary role is to support and foster the growth of the Lake Street commercial corridor and its surrounding 16 neighborhoods. They achieve this by engaging with various stakeholders, including entrepreneurs, employees, residents, and institutional stakeholders, through initiatives that promote equitable and accessible economic development. These initiatives range from small business advising to visitor attraction, placemaking initiatives, and financial relief for small businesses and nonprofits affected by the COVID-19 pandemic and social unrest. Lake Street Council is committed to ensuring that diverse voices within the community are heard by decision-makers and actively seeks out and nurtures leaders from underrepresented groups. They currently employ 11 individuals.
Official website here: www.lakestreetcouncil.org
Is Lake Street Council legitimate?
Lake Street Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Street Council 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.
Here are some key statistics you may want to consider:
Executive Compensation: $90,001
Professional Fundraising Fees: $0
Other Salaries and Wages: $605,525
For more financial information, click here
What is the mission statement of Lake Street Council?
The Lake Street Council, serving as the primary business association, is dedicated to advocating for the prosperity and vitality of a commercial corridor. They engage with various stakeholders, including entrepreneurs, employees, residents, and institutional representatives, to promote equitable and accessible economic development. By listening to the concerns of the business and property owners, the council shapes its priorities to address the needs of the moment. They actively seek out and nurture leaders from diverse backgrounds, ensuring a broad representation of voices in decision-making processes. The council's core programs include community engagement activities, such as small business advising, visitor attraction, placemaking initiatives, and financial relief for small businesses and nonprofits impacted by crises such as COVID-19 and social unrest.
Official website here: www.lakestreetcouncil.org
Who is the CEO of Lake Street Council?
Allison Sharkey is the President of Lake Street Council.
Official website here: www.lakestreetcouncil.org
What is the revenue of Lake Street Council?
Lake Street Council's revenue in 2022 was $1,331,547.
Official website here: www.lakestreetcouncil.org
Who are the executives of Lake Street Council and what are their salaries?
The average compensation at Lake Street Council during 2022 was $63,230. There are 11 employees and 75 volunteers at Lake Street Council.
Here are 17 key members and their salaries:
- Allison Sharkey (Executive Director)
- Jackie Knight (President) [Trustee/Director]
- Baba Letang (Vice President And Secrata) [Trustee/Director]
- Ronnie Taylor (Treasurer) [Trustee/Director]
- Alison Pence (Director)
- Ana Columba Reyes (Director)
- Daniel Farias (Director)
- Dipankar Mukherjee (Director)
- Enrique Blanco (Director)
- Hodan Guled (Director)
- Julie Ingebresten (Director)
- Lorena Pinto (Executive Comittee) [Trustee/Director]
- Miluska Novota (Director)
- Rich Esquivel (Director)
- Ted Campbell (Director)
- Vicki Karr (Executive Comittee) [Trustee/Director]
- Yusra Mohamud (Director)
Official website here: www.lakestreetcouncil.org
Where can I find the form 990 for Lake Street Council?
The Lake Street Council’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.lakestreetcouncil.org
Learn more at the official website: www.lakestreetcouncil.org
Mission Statement of Lake Street Council
Lake Street Council, a prominent nonprofit organization, is committed to engaging, serving, and advocating for the Lake Street business community in Minneapolis. Their mission is to ensure the vitality and prosperity of the commercial corridor, which spans 16 surrounding neighborhoods. To achieve this, they actively engage with entrepreneurs, employees, residents, and institutional stakeholders, listening to their concerns and adjusting their priorities accordingly. The organization seeks to amplify the voices of diverse business leaders, particularly immigrants and people of color, fostering an inclusive representation of the community. Lake Street Council's core programs include small business advising, visitor attraction, placemaking initiatives, and financial relief for small businesses and nonprofits affected by the COVID-19 pandemic and social unrest. Through these programs, the nonprofit works tirelessly to promote equitable and accessible economic development, ultimately contributing to the overall prosperity of the Lake Street business community.
Impact
This information is meant to be a general summary of Lake Street Council. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Lake Street Council's impact is significant in supporting the Lake Street business community in Minneapolis. They engage entrepreneurs, employees, residents, and institutional stakeholders in programs that promote equitable and accessible economic development. By providing small business advising, visitor attraction initiatives, placemaking efforts, and financial relief for small businesses and nonprofits affected by challenges like the COVID-19 pandemic and social unrest, Lake Street Council plays a crucial role in ensuring the vitality and prosperity of the commercial corridor and its surrounding neighborhoods. Their work amplifies diverse voices in the community and fosters leadership among immigrant and people of color business owners, making a positive impact on the overall economic landscape of Lake Street.
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.
- Assets and Liabilities:
Organization Details
Founding Year
1968
Phone
(612) 822-0232
Principal Officer
Allison Sharkey
Main Address
2925 Chicago Ave S 190, Minneapolis, MN, 55407
Website
www.lakestreetcouncil.org
NTEE Category
Code: S20 - Community improvement
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