Overview
What is Independence Main Street Inc?
Independence Main Street Inc is a small, dedicated nonprofit organization based in Independence, Kansas. Their primary mission is to support and enhance the local business district by promoting its commercial area. With just one employee, they are committed to fostering the growth and success of their downtown community. Their activities and mission revolve around enhancing the reputation and attraction of the business district in Independence, Kansas.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
Independence Main Street Inc has received a Two-Star rating from Charity Navigator, indicating a score of 73%. This rating reflects a decent level of accountability and financial health; however, there are notable areas of concern regarding governance and transparency. The organization boasts 100% independent board members and has no material diversion of assets, which are positive indicators of its governance structure.
Despite these strengths, several critical policies are missing from the organization, such as a conflict of interest policy and a whistleblower policy, both of which received zero points. Additionally, the charity's website is missing key information, including their tax form and documents related to board meeting minutes. While the organization has a strong program expense ratio of 84.42%, indicating that a significant portion of its funds is directed towards its mission, these transparency issues may impact donor confidence.
Overall, while Independence Main Street Inc demonstrates a solid program expense ratio and independent governance, the lack of essential policies and missing information on their website highlights areas for improvement. Addressing these limitations could enhance the organization’s accountability and trustworthiness in the eyes of potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Independence Main Street Inc legitimate?
Independence Main Street Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Independence 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: $40,927
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Independence Main Street Inc?
Independence Main Street Inc has a mission to enhance the business district of a particular town. Specifically, their objective is to promote the commercial area, located in Independence, Kansas. They strive to foster a vibrant and thriving business environment in this area, benefiting both local businesses and the community as a whole. Their activities aim to attract customers, boost economic growth, and enhance the overall appeal of the downtown district. By promoting this area, they hope to contribute to the local economy and improve the quality of life for its residents.
Who is the CEO of Independence Main Street Inc?
Tabatha Snodgrass is the Executive Di of Independence Main Street Inc.
What is the revenue of Independence Main Street Inc?
Independence Main Street Inc's revenue in 2022 was $165,538.
Who are the executives of Independence Main Street Inc and what are their salaries?
The average compensation at Independence Main Street Inc during 2022 was $40,927. There is 1 employee at Independence Main Street Inc.
Here are 12 key members and their salaries:
- Compensation: $40,927
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Independence Main Street Inc?
Independence Main Street Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Independence Main Street Inc
Independence Main Street Inc, a nonprofit organization, is dedicated to promoting the business district in Independence, Kansas. Their primary mission is to enhance and revitalize the downtown area, attracting both local residents and visitors alike. By promoting the downtown businesses, they aim to contribute to the economic growth and vitality of the community. They strive to create a vibrant and thriving business atmosphere, making the downtown area an appealing destination for shopping, dining, and other activities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Independence Main Street Inc significantly enhances the downtown business area of Independence, Kansas, by fostering community improvement and economic vitality. Its initiatives help attract both residents and visitors, creating a vibrant atmosphere that supports local businesses. By promoting events, facilitating collaborations, and enhancing the overall aesthetic of the downtown area, it contributes to an increase in foot traffic and local engagement. The organization plays a crucial role in preserving the unique character of Independence while ensuring that its business landscape remains dynamic and appealing. Ultimately, it acts as a catalyst for growth and revitalization, benefiting the entire community.
This information is meant to be a general summary of Independence 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: $277
- Program Service Revenue: $91,321
- Gross Receipts: $165,538
Assets and Liabilities:
- Total Assets: $203,956
- Total Liabilities: $1,048
- Net Assets: $202,908
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$63,325
DUES
Revenue
$27,996
Organization Details
Founding Year
1985
Phone
(620) 331-2300Principal Officer
Tabatha Snodgrass
Main Address
109 E MAIN, INDEPENDENCE, KS, 67301
NTEE Category
Code: S20 - Community improvement
If you are a representative of Independence Main Street Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.