Overview
What is Fredericksburg Va Main Street Inc?
Fredericksburg Va Main Street Inc, a nonprofit organization headquartered in Fredericksburg, Virginia, focuses on preserving and enhancing the aesthetic and cultural significance of designated historic areas within the city. With a mission to implement educational and preservation programs, they have positively impacted the lives of over 32,000 individuals. Operating with a small team of just two dedicated employees, they work tirelessly to maintain and uphold the unique charm and heritage of Fredericksburg, Virginia.
Official website here: www.fredericksburgdowntown.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating
Fredericksburg Va Main Street Inc has received an 83% rating from Charity Navigator, reflecting a Three-Star status. This rating is entirely based on their accountability and finance metrics, indicating a strong performance in these areas. The organization boasts a fully independent board, with 100% of its members meeting the independent criteria, which enhances its governance.
The nonprofit has demonstrated solid financial management with no reported material diversion of assets and a favorable liabilities to assets ratio of 44.23%. Furthermore, the organization allocates a significant portion of its budget to programs, with a program expense ratio of 77.68%, signifying a focus on its mission rather than administrative costs.
However, there are a couple of areas for improvement noted in the rating, including missing whistleblower and document retention policies. Addressing these gaps could enhance their accountability framework and overall transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Fredericksburg Va Main Street Inc legitimate?
Fredericksburg Va Main Street Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fredericksburg Va Main Street Inc 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: $43,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.fredericksburgdowntown.org
What is the mission statement of Fredericksburg Va Main Street Inc?
Fredericksburg Va Main Street Inc is committed to implementing educational and preservation programs in a specific location. The organization's primary focus is on maintaining and preserving the aesthetic appeal and cultural impact of designated historic areas. Through these programs, the organization aims to benefit a substantial number of individuals, as evidenced by the 32,225 people who have been positively impacted. The mission of Fredericksburg Va Main Street Inc is to contribute to the conservation of historical sites and provide relevant educational opportunities.
Official website here: www.fredericksburgdowntown.org
Who is the CEO of Fredericksburg Va Main Street Inc?
Jennifer Mcgovern is the President of Fredericksburg Va Main Street Inc.
Official website here: www.fredericksburgdowntown.org
What is the revenue of Fredericksburg Va Main Street Inc?
Fredericksburg Va Main Street Inc's revenue in 2022 was $174,197.
Official website here: www.fredericksburgdowntown.org
Who are the executives of Fredericksburg Va Main Street Inc and what are their salaries?
The average compensation at Fredericksburg Va Main Street Inc during 2022 was $21,875. There are 2 employees and 120 volunteers at Fredericksburg Va Main Street Inc.
Here are 11 key members and their salaries:
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Official website here: www.fredericksburgdowntown.org
Where can I find the form 990 for Fredericksburg Va Main Street Inc?
Fredericksburg Va Main Street Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fredericksburgdowntown.org
Learn more at the official website: www.fredericksburgdowntown.org
Mission Statement of Fredericksburg Va Main Street Inc
Fredericksburg Va Main Street Inc is dedicated to implementing educational and preservation programs in Virginia. This nonprofit organization focuses on initiatives that aim to preserve and uphold the aesthetic and cultural impact of designated historic areas. By carrying out these programs, Fredericksburg Va Main Street Inc contributes to the betterment of 32,225 individuals, directly impacting the community in a positive manner. The organization's mission is to ensure that the rich history and charm of these areas are preserved for future generations to appreciate.
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Impact
October, 2024
Fredericksburg Va Main Street Inc plays a crucial role in enhancing the cultural and historical fabric of Fredericksburg, Virginia. By implementing educational and preservation programs, the organization focuses on maintaining and preserving the aesthetic and cultural significance of designated historic areas. This commitment not only enriches the community's heritage but also positively impacts the lives of over 32,000 individuals who benefit from these initiatives. Through its efforts, Fredericksburg Va Main Street Inc fosters community improvement, ensuring that the city's historic charm is preserved for future generations while also promoting awareness and appreciation of its rich history.
This information is meant to be a general summary of Fredericksburg Va Main Street Inc. 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: $7
- Program Service Revenue: $8,862
- Gross Receipts: $224,709
Assets and Liabilities:
- Total Assets: $185,168
- Total Liabilities: $81,908
- Net Assets: $103,260
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$8,862
Organization Details
Phone
(540) 479-1595Principal Officer
Jennifer Mcgovern
Main Address
904 PRINCESS ANNE STREET SUITE 303B, FREDERICKSBURG, VA, 22401
NTEE Category
Code: S31 - Community improvement
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