Overview
What is El Dorado Main Street Inc?
El Dorado Main Street Inc is a nonprofit organization situated in El Dorado, Kansas. With a small team of one dedicated individual, their primary mission is to revitalize the downtown area of El Dorado. They achieve this goal by organizing annual and monthly cultural events and workshops, creating an atmosphere that fosters community awareness and engagement. By hosting these events, El Dorado Main Street Inc aims to breathe new life into the downtown area, ultimately enhancing the overall community experience.
Official website here: www.eldoradomainstreet.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 59% (One-Star out of Four Star rating)
El Dorado Main Street Inc has received a One-Star rating from Charity Navigator, indicating significant areas for improvement, especially in accountability and transparency. The organization has a high score for having an independent board and demonstrates no material diversion of assets. However, critical policies such as a conflict of interest policy, a whistleblower policy, and document retention guidelines are missing, which raises concerns about governance.
Despite a program expense ratio of 68.64%, reflecting a strong commitment to program spending, the organization struggles with its liabilities to assets ratio, which stands at 76.50%. This suggests that it may have financial management issues that could affect its sustainability and effectiveness in pursuing its mission.
The Executive Director, Emily Connell, has a reported salary of $35,000, which appears reasonable within the context of the organization's overall financial picture. However, the absence of required documentation on its website and the missing policies highlight significant gaps that need to be addressed to enhance trust and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is El Dorado Main Street Inc legitimate?
El Dorado Main Street Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. El Dorado 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: $35,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.eldoradomainstreet.org
What is the mission statement of El Dorado Main Street Inc?
El Dorado Main Street Inc's mission is centered around revitalizing the downtown area. This is achieved through various means, including promoting cultural and community awareness. They accomplish this by organizing annual and monthly events and workshops, thereby contributing to the overall development and vitality of the downtown sector. The organization's activities aim to create a vibrant and engaging environment, fostering a sense of community and cultural appreciation.
Official website here: www.eldoradomainstreet.org
What is the revenue of El Dorado Main Street Inc?
El Dorado Main Street Inc's revenue in 2024 was $124,748.
Official website here: www.eldoradomainstreet.org
Who are the executives of El Dorado Main Street Inc and what are their salaries?
The average compensation at El Dorado Main Street Inc during 2024 was $35,000. There is 1 employee and 180 volunteers at El Dorado Main Street Inc.
There is 1 key member and their salary:
- Compensation: $35,000
- Related: $0
- Other: $0
Official website here: www.eldoradomainstreet.org
Where can I find the form 990 for El Dorado Main Street Inc?
El Dorado Main Street Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.eldoradomainstreet.org
Learn more at the official website: www.eldoradomainstreet.org
Mission Statement of El Dorado Main Street Inc
El Dorado Main Street Inc is committed to revitalizing the downtown area of the community. Their mission is to foster cultural and community awareness in this district by organizing annual and regular cultural events and workshops. By doing so, they aim to breathe new life into the downtown area, attracting both locals and visitors alike. The organization's activities are geared towards enhancing the overall atmosphere and experience of downtown El Dorado, ultimately contributing to its growth and development.
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Impact
August, 2024
El Dorado Main Street Inc's impact can be seen in the revitalization of downtown El Dorado, Kansas. Through hosting annual and monthly cultural events and workshops, the organization has played a key role in creating cultural and community awareness in the area. This has not only improved the physical appearance of downtown El Dorado but also fostered a sense of community pride and engagement. The efforts of El Dorado Main Street Inc have contributed to the overall enhancement of the local community and have helped to make downtown El Dorado a more vibrant and inviting place for residents and visitors alike.
This information is meant to be a general summary of El Dorado 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 2024.
- Investment Income: $63
- Program Service Revenue: $15,710
- Gross Receipts: $124,748
Assets and Liabilities:
- Total Assets: $118,840
- Total Liabilities: $90,920
- Net Assets: $27,920
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PHYSICAL IMPROVEMENTS
START UP KANSAS
Revenue
$500
ARTSCAPE
Revenue
$1,770
OTHER PROMOTIONS
Revenue
$10,646
Organization Details
Founding Year
1991
Principal Officer
Emily Connell
Website
www.eldoradomainstreet.orgNTEE Category
Code: S200 - Community improvement
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