Main Street Art Council Inc

Charity Navigator Rating: 56%, One-Star out of Four Star Rating

Main Street Art Council Inc has received a low rating of 56%, reflecting significant concerns regarding its accountability and finance practices. The organization has not established a majority of independent board members, which is crucial for ensuring transparent governance. Furthermore, the absence of essential policies such as a conflict of interest policy and a whistleblower policy indicates potential governance weaknesses.

Despite these issues, the organization demonstrates a strong commitment to its program expenses, achieving a 100% program expense ratio. This suggests that all its expenditures are directed toward its mission-related activities, which is a positive aspect. Additionally, there are no reported material diversions of assets, and the organization maintains a low liabilities to assets ratio of 0.04%, indicating sound financial management.

However, the lack of key governance policies and independent oversight poses a risk to the organization’s long-term stability and credibility. To enhance its overall rating and public trust, Main Street Art Council Inc should prioritize establishing independent board members and implementing necessary policies to govern its operations effectively.

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

Main Street Art Council Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Main Street Art Council 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,927

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Official website here: www.mainstreetartcouncil.com