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Main Street Lexington

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 463289690 ✦ Lexington, VA ✦ Designated as a 501(c)(3)

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Overview

What is Main Street Lexington?

Main Street Lexington is a dedicated nonprofit organization situated in Lexington, Virginia. With a mission to revitalize and promote the historic downtown area, their primary goal is to boost the economic prosperity and cultural vitality of the community. Main Street Lexington aims to reestablish downtown as a vibrant economic and cultural hub, preserving its distinctive character in the process. The nonprofit employs a team of five individuals, working tirelessly to achieve these objectives.


Official website here: www.mainstreetlexington.org

Is Main Street Lexington legitimate?

Main Street Lexington is a legitimate nonprofit organization registered as a 501(c)(3) entity. Main Street Lexington 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: $80,207

For more financial information, click here


Official website here: www.mainstreetlexington.org

What is the mission statement of Main Street Lexington?

Main Street Lexington's mission is centered around enhancing both the economic prosperity and cultural vitality of the community. The organization aims to revitalize the historic downtown area, transforming it into a thriving economic and cultural hub. This revitalization effort is carried out while preserving the unique character of the area, ensuring that it retains its distinct identity. The mission of Main Street Lexington is to establish downtown as the vibrant nexus of the community, fostering economic growth and cultural enrichment simultaneously.


Official website here: www.mainstreetlexington.org

Who is the CEO of Main Street Lexington?

Jeff Hughes is the President of Main Street Lexington.


Official website here: www.mainstreetlexington.org

What is the revenue of Main Street Lexington?

Main Street Lexington's revenue in 2023 was $178,734.


Official website here: www.mainstreetlexington.org

Who are the executives of Main Street Lexington and what are their salaries?

The average compensation at Main Street Lexington during 2023 was $16,041. There are 5 employees at Main Street Lexington.


Here are 10 key members and their salaries:


Rebecca Logan (Executive Di)
  • Compensation: $54,080
  • Related: $0
  • Other: $0
Holly Ostby (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Kirkpatrick (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jared Covington (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Hughes (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Moreschi (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adam Sandridge (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Logan Davis (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Young (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Feinauer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mainstreetlexington.org

Where can I find the form 990 for Main Street Lexington?

Main Street Lexington's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.mainstreetlexington.org

Learn more at the official website: www.mainstreetlexington.org

Mission Statement of Main Street Lexington

Main Street Lexington, a notable organization, is dedicated to enhancing the economic prosperity and cultural vitality of its community. Their mission is twofold: firstly, they aim to reestablish Downtown Lexington as the vibrant economic and cultural hub of the area. Secondly, they strive to preserve the unique character of this historic district. By promoting and revitalizing Downtown Lexington Virginia, Main Street Lexington contributes to the overall well-being and attractiveness of the community. This mission is a testament to their commitment to fostering a thriving and distinctive urban center that resonates with its residents and visitors alike.

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Impact




October, 2024

Main Street Lexington significantly enhances the economic prosperity and cultural vitality of the community by revitalizing historic downtown Lexington. This initiative reestablishes downtown as a vibrant economic and cultural hub, fostering a unique character that attracts both residents and visitors. By promoting local businesses and preserving the area's historical charm, Main Street Lexington creates a dynamic environment that supports economic growth while enriching the community's cultural landscape. Its efforts generate increased foot traffic, encourage community engagement, and promote the area's distinctiveness, ultimately contributing to a more prosperous and engaged Lexington.




This information is meant to be a general summary of Main Street Lexington. 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.

Revenue
$178,734 (2023)
Expenses
$167,559 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Program Service Revenue: $42,921
  • Gross Receipts: $178,734

Assets and Liabilities:

  • Total Assets: $159,260
  • Total Liabilities: $68,489
  • Net Assets: $90,771

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Organization Details

Principal Officer

Jeff Hughes

Main Address

PO BOX 295, LEXINGTON, VA, 24450

NTEE Category

Code: S99 - Community improvement

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