Overview
What is Rethos F/K/A Preservation Alliance Of Minnesota?
Rethos, formerly known as the Preservation Alliance of Minnesota, is a dedicated nonprofit organization situated in St. Paul, Minnesota. Their primary focus revolves around promoting the Main Street approach to revitalize downtown areas, encourage building reuse, foster new business development, and support entrepreneurship, ultimately contributing to community vibrancy. Currently, they work with 12 designated Main Street communities and 9 network communities. Beyond Main Street, Rethos' community programs support the Artists on Main Street program and have assisted 11 communities over four years to develop alternative economic strategies and artistic approaches in downtown areas. Embracing community engagement, Rethos also supports communities through downtown assessments, aiming to transform districts. Their mission is to inspire people to connect with historic places, thereby promoting community vitality.
Official website here: www.rethos.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
Rethos, formerly known as the Preservation Alliance of Minnesota, has achieved a high rating of 96%, reflecting its strong performance in accountability and finance. The overall score is derived from a single beacon score, emphasizing the organization’s commitment to transparency and responsible management of funds. This rating is particularly significant as it indicates the nonprofit's dedication to maintaining high standards in financial practices.
The organization boasts a fully independent board, with all members meeting the criteria for independence, which enhances its governance. Rethos has received full marks across various categories, including its conflict of interest policy, audit oversight, and document retention practices. Additionally, its program expense ratio of 74.13% indicates that a substantial portion of its expenditures directly supports its mission and programs, rather than administrative costs.
While the financial health and governance of Rethos are commendable, it is important for potential donors and stakeholders to consider the broader impact and effectiveness of its programs in preservation and community engagement. Nonetheless, the nonprofit's strong financial management and transparency practices position it as a trustworthy organization in the philanthropic sector.
This AI summary has been generated from information found on Charity Navigator.
Is Rethos F/K/A Preservation Alliance Of Minnesota legitimate?
Rethos F/K/A Preservation Alliance Of Minnesota is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rethos F/K/A Preservation Alliance Of Minnesota 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: $127,846
Professional Fundraising Fees: $0
Other Salaries and Wages: $564,376
For more financial information, click here
Official website here: www.rethos.org
What is the mission statement of Rethos F/K/A Preservation Alliance Of Minnesota?
Rethos F/K/A Preservation Alliance of Minnesota's mission is to inspire and guide people towards connecting with historic places, thereby fostering community vitality. They achieve this by advocating for the Main Street approach as a tool for downtown revitalization, promoting reuse, new business development, entrepreneurial support, and community vibrancy. Currently, there are 12 designated Main Street communities and 9 network communities under their purview. Beyond Main Street, Rethos' community programs also support the Artists on Main Street program and foster alternative economic development and artistic approaches in downtowns through various initiatives. The organization also encourages community engagement and supports communities through downtown assessments for district transformation.
Official website here: www.rethos.org
Who is the CEO of Rethos F/K/A Preservation Alliance Of Minnesota?
Heidi Swank is the Member of Rethos F/K/A Preservation Alliance Of Minnesota.
Official website here: www.rethos.org
What is the revenue of Rethos F/K/A Preservation Alliance Of Minnesota?
Rethos F/K/A Preservation Alliance Of Minnesota's revenue in 2022 was $834,735.
Official website here: www.rethos.org
Who are the executives of Rethos F/K/A Preservation Alliance Of Minnesota and what are their salaries?
The average compensation at Rethos F/K/A Preservation Alliance Of Minnesota during 2022 was $46,148. There are 15 employees and 20 volunteers at Rethos F/K/A Preservation Alliance Of Minnesota.
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- Compensation: $114,895
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- Other: $12,951
Official website here: www.rethos.org
Where can I find the form 990 for Rethos F/K/A Preservation Alliance Of Minnesota?
Rethos F/K/A Preservation Alliance Of Minnesota's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rethos.org
Learn more at the official website: www.rethos.org
Mission Statement of Rethos F/K/A Preservation Alliance Of Minnesota
Rethos F/K/A Preservation Alliance Of Minnesota, a leading organization, strives to inspire and connect people with historic places, fostering community vitality. Their mission is twofold: firstly, they promote the use of the Main Street Approach as a tool for downtown revitalization, encouraging reuse, new business development, entrepreneurial support, and community vibrancy. Secondly, they support various community programs, including the Artists on Main Street program, which nurtures alternative economic development and artistic approaches in downtown areas. Additionally, Rethos engages communities through downtown assessments for district transformation, contributing to the overall enhancement and prosperity of these areas.
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Impact
July, 2024
Rethos F/K/A Preservation Alliance Of Minnesota, now known as Rethos, has a significant impact on communities by leading and inspiring people to connect with historic places, thus promoting community vitality. Through programs like the Main Street approach, Rethos supports downtown revitalization, building reuse, new business development, entrepreneurial support, and community vibrancy. With 12 designated Main Street communities and 9 network communities, Rethos plays a pivotal role in fostering economic development and artistic approaches in downtown areas. Additionally, their efforts in encouraging community engagement and providing support through downtown assessments contribute to district transformation.
This information is meant to be a general summary of Rethos F/K/A Preservation Alliance Of Minnesota. 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: -$188,509
- Program Service Revenue: $569,872
- Gross Receipts: $1,195,197
Assets and Liabilities:
- Total Assets: $2,336,996
- Total Liabilities: $538,699
- Net Assets: $1,798,297
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES FOR SERVICES
Revenue
$516,425
MEMBERSHIP DUES
Revenue
$30,250
PROGRAM FEES
Revenue
$23,197
Organization Details
Founding Year
1981
Phone
(651) 293-9047Principal Officer
Heidi Swank
Main Address
75 W 5TH ST FIFTH FLOOR SOUTH, ST PAUL, MN, 55102
Website
www.rethos.orgNTEE Category
Code: A80 - Arts
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