Overview
What is Cambridge Main Street Inc?
Cambridge Main Street Inc is a small, dedicated nonprofit organization situated in Cambridge, Maryland. Established at 306 High Street, their primary mission revolves around fostering business and economic development, as well as promoting tourism, within the downtown area of the city. They boast a modest workforce of just one individual, yet their impact on the local community is significant. Through their initiatives, they aim to enhance the economic vitality and attractiveness of downtown Cambridge, ultimately contributing to its overall growth and development.
Official website here: www.downtowncambridge.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
Cambridge Main Street Inc has achieved an impressive score of 97%, reflecting its strong performance in accountability and finance. The organization has a perfect score in several key areas, such as having a majority of independent board members and no material diversion of assets, ensuring transparency and good governance.
The nonprofit demonstrates a high program expense ratio of 91.39%, indicating that a significant portion of its resources directly supports its programs. This focus on program delivery, along with robust policies for conflict of interest and whistleblower protections, highlights its commitment to ethical practices.
While the organization has excelled in many areas, ongoing assessment of its operational impact and community engagement could further enhance its reputation. Nonetheless, its strong financial health and governance practices position it as a trustworthy choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Cambridge Main Street Inc?
90% of 248 reviewers on Facebook recommend Cambridge Main Street Inc. Here is a summary of their reviews:
Many visitors express a deep appreciation for the town's architecture and artistic atmosphere, highlighting the appeal of Cambridge as a beautiful place to visit and live. The positive sentiments reflect a strong emotional connection to the area, with several comments mentioning long-standing desires to return to or settle in Cambridge.
Overall, the organization seems to foster a welcoming environment that resonates well with both newcomers and long-time residents. Users consistently showcase enthusiasm for the community and its charm, indicating that Cambridge Main Street Inc effectively enhances the town's appeal.
This AI summary has been generated from reviews found on Facebook.
Is Cambridge Main Street Inc legitimate?
Cambridge Main Street Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cambridge 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,845
For more financial information, click here
Official website here: www.downtowncambridge.org
What is the mission statement of Cambridge Main Street Inc?
Cambridge Main Street Inc is an organization dedicated to fostering economic development and tourism in a downtown area. Their primary mission is to promote business growth and attract visitors to this specific area. They aim to revitalize the local economy by enhancing the appeal and vitality of the downtown district. Their activities focus on advancing the commercial interests of businesses and encouraging foot traffic, ultimately contributing to the overall prosperity of the local community.
Official website here: www.downtowncambridge.org
Who is the CEO of Cambridge Main Street Inc?
Wendy Windsor Ashburn is the Treasurer of Cambridge Main Street Inc.
Official website here: www.downtowncambridge.org
What is the revenue of Cambridge Main Street Inc?
Cambridge Main Street Inc's revenue in 2022 was $134,891.
Official website here: www.downtowncambridge.org
Who are the executives of Cambridge Main Street Inc and what are their salaries?
The average compensation at Cambridge Main Street Inc during 2022 was $5,845. There is 1 employee and 125 volunteers at Cambridge Main Street Inc.
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Official website here: www.downtowncambridge.org
Where can I find the form 990 for Cambridge Main Street Inc?
Cambridge Main Street Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.downtowncambridge.org
Learn more at the official website: www.downtowncambridge.org
Mission Statement of Cambridge Main Street Inc
Cambridge Main Street Inc, as a nonprofit organization, is committed to fostering economic development and promoting tourism within the downtown area of Cambridge, Maryland. Their mission is multifaceted, encompassing the enhancement of local businesses and attracting visitors to the downtown district. By doing so, they aim to boost the overall economic vitality of the area, ultimately benefiting the community as a whole.
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Impact
October, 2024
Cambridge Main Street Inc plays a vital role in enhancing the economic landscape of downtown Cambridge, Maryland. By actively promoting business development and tourism, it fosters a vibrant community atmosphere that attracts both residents and visitors. The organization’s efforts contribute to the revitalization of local businesses, creating a bustling marketplace that supports entrepreneurs and stimulates job growth.
Through various initiatives, Cambridge Main Street Inc helps to elevate the area's visibility, encouraging tourism that benefits local shops, restaurants, and cultural venues. This influx of visitors not only boosts the economy but also enriches the community by highlighting the unique charm and character of downtown Cambridge. In essence, its impact extends beyond mere economic metrics, helping cultivate a sense of community pride and shared identity among residents.
This information is meant to be a general summary of Cambridge 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.
- Program Service Revenue: $34,113
- Gross Receipts: $134,891
Assets and Liabilities:
- Total Assets: $183,288
- Total Liabilities: $7,021
- Net Assets: $176,267
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
VARIOUS
Revenue
$34,113
Organization Details
Founding Year
1995
Phone
(443) 477-0843Principal Officer
Wendy Windsor Ashburn
Main Address
306 HIGH STREET, CAMBRIDGE, MD, 21613
Website
www.downtowncambridge.orgNTEE Category
Code: S20 - Community improvement
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