Overview
What is Mainstream Foundation?
The Mainstream Foundation, based in Ames, Iowa, is a nonprofit organization with a primary mission to offer a stable financial foundation for Mainstream Living, Inc. and the Story County Developmental Center, both being tax-exempt corporations in Iowa. The foundation's purpose is to support these organizations in their charitable and educational programs. Furthermore, the Mainstream Foundation provides educational grants to individuals who demonstrate a need for financial assistance.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43% (Zero-Star out of Four Star Rating)
Mainstream Foundation has received a Zero-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and finance practices. While the organization has performed well in areas such as having a majority of independent board members and a clearly listed conflict of interest policy, it falls short in critical areas like having a whistleblower policy and maintaining proper document retention practices.
The foundation's financial health appears to be lacking, as evidenced by a 0% program expense ratio and an alarming 0% liabilities to assets ratio. These figures suggest that the organization may not be effectively utilizing its resources to further its mission, which raises questions about its operational efficiency and sustainability.
Additionally, the organization's transparency is called into question due to the absence of essential documents such as its tax forms on its website. While it has documented board meeting minutes, the lack of compliance in key areas may undermine donor confidence and impact future support for its initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Mainstream Foundation legitimate?
Mainstream Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mainstream Foundation 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: $0
For more financial information, click here
What is the mission statement of Mainstream Foundation?
The Mainstream Foundation's mission is to support charitable and educational programs, specifically aiding Mainstream Living, Inc. and the Story County Developmental Center. One of its key objectives is to provide educational grants to individuals in need. By doing so, the foundation aims to establish a reliable funding base for these organizations, both of which are tax-exempt corporations in Iowa.
Who is the CEO of Mainstream Foundation?
William Vaughn is the Chair of Mainstream Foundation. The CEO's salary of Mainstream Foundation is $0 and their total compensation is $170,986.
What is the revenue of Mainstream Foundation?
Mainstream Foundation's revenue in 2023 was $1,062.
Who are the executives of Mainstream Foundation and what are their salaries?
Here are 15 key members and their salaries (Mainstream Foundation's CEO's salary is $0 and their total compensation is $170,986):
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- Related: $153,689
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- Related: $138,377
- Other: $9,209
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- Related: $95,648
- Other: $0
Where can I find the form 990 for Mainstream Foundation?
Mainstream Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Mainstream Foundation
Mainstream Foundation, as a philanthropic entity, is dedicated to aiding Mainstream Living, Inc. and other charitable and educational organizations in their endeavors. Its primary mission is to provide educational grants to individuals in need, demonstrating a compelling case for assistance. By offering these grants, Mainstream Foundation serves as a reliable source of financial support for Mainstream Living, Inc. and the Story County Developmental Center, both being tax-exempt Iowa corporations. The foundation's mission is instrumental in helping these organizations fulfill their respective missions and contribute positively to their communities.
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Impact
October, 2024
Mainstream Foundation plays a pivotal role in enhancing community support by providing essential funding for Mainstream Living, Inc. and the Story County Developmental Center. Through its strategic financial assistance, the foundation ensures these organizations can continue their charitable and educational initiatives, effectively serving individuals with developmental needs in Iowa.
The impact of Mainstream Foundation is particularly evident in its commitment to distributing educational grants to individuals facing financial challenges. By addressing the specific needs of these individuals, the foundation fosters personal growth and development, ultimately empowering them to lead more independent and fulfilling lives. This targeted support not only benefits recipients but also strengthens the overall fabric of the community, promoting inclusivity and enhancing the quality of life for many.
Through its steady funding mechanisms, Mainstream Foundation is instrumental in sustaining programs that uplift and educate those in need, making a significant difference in the lives of individuals and the broader community in Ames, Iowa.
This information is meant to be a general summary of Mainstream Foundation. 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: $516
- Gross Receipts: $1,062
Assets and Liabilities:
- Total Assets: $284,209
- Total Liabilities: $0
- Net Assets: $284,209
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Organization Details
Founding Year
1976
Phone
(515) 232-8405Principal Officer
William Vaughn
Main Address
PO BOX 1621, AMES, IA, 50010
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