Main Street Elkader

Charity Navigator Rating: Needs Improvement (70%)

Main Street Elkader has received a two-star rating from Charity Navigator, indicating that while the organization performs well in certain accountability and financial aspects, it has significant areas needing improvement. The nonprofit scored a perfect 100% in accountability and finance metrics, particularly excelling in the independence of its board members and the management of its assets. Specifically, it has a strong program expense ratio of 96.27%, suggesting that a substantial portion of its funding is directed toward its mission-related activities.

However, there are critical limitations highlighted in the rating. The organization is lacking several key governance policies, including a conflict of interest policy, a whistleblower policy, and a document retention policy, all of which received zero points. Furthermore, the absence of documentation such as board meeting minutes and the failure to list its website on its tax form raise concerns about transparency and operational practices.

Overall, while Main Street Elkader demonstrates effective financial management and a commitment to its programs, it must address its governance shortcomings to enhance its credibility and operational integrity. Improving these areas could help the organization achieve a higher rating in the future and better serve its community.

This AI summary has been generated from information found on Charity Navigator.

Main Street Elkader is a legitimate nonprofit organization registered as a 501(c)(3) entity. Main Street Elkader 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: $19,365
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here