Overview
What is Barracks Row Main Street Inc?
Barracks Row Main Street Inc is a nonprofit organization situated in Washington, D.C., specifically at 700 Pennsylvania Ave SE 20003. Their mission is to revitalize the area along Eighth Street, SE, in Washington, D.C., reconnecting Capitol Hill to the Anacostia River. Over the past year, they have provided extensive technical assistance to local businesses, administered grant programs for historical commercial facade restoration, and organized various events to attract visitors and boost business opportunities for local restaurants and shops. Their initiatives have helped retain and recruit small businesses to 8th Street SE, contributing to a diverse and lively commercial corridor. Additionally, Barracks Row Main Street Inc has offered a range of musical, children's, athletic, educational, and other programs in the Eastern Market Metro Park, revitalizing the park and enriching the neighborhood's offerings. In summary, Barracks Row Main Street Inc is committed to revitalizing and revitalizing the Eighth Street corridor in Washington, D.C., by supporting local businesses, promoting events, and offering community programs, ultimately creating a vibrant and engaging area.
Official website here: www.barracksrow.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Stars
Barracks Row Main Street Inc has received a commendable rating of 88%, reflecting strong performance in the area of Accountability & Finance. This rating indicates that the organization is effectively managing its financial practices and transparency, which is critical for maintaining donor trust and support.
The organization excels with a fully independent board and no noted material diversion of assets, earning maximum scores in several categories such as financial statement oversight and program expenses, with 88.32% of expenses going directly to programs. These strengths highlight the nonprofit's commitment to responsible governance and efficient use of funds, which are essential for achieving its mission.
However, there are some limitations, such as the absence of a whistleblower policy and document retention procedures, which may raise concerns about internal accountability. Despite these areas for improvement, the overall performance of Barracks Row Main Street Inc suggests a solid foundation for community impact and financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Barracks Row Main Street Inc legitimate?
Barracks Row Main Street Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Barracks Row 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: $92,922
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,086
For more financial information, click here
Official website here: www.barracksrow.org
What is the mission statement of Barracks Row Main Street Inc?
Barracks Row Main Street Inc's mission is centered around revitalizing a specific area, specifically along Eighth Street, SE, in Washington D.C. Their primary objective is to transform this corridor into a lively and interconnected space that bridges the gap between Capitol Hill and the Anacostia River. To achieve this, they offer extensive small business technical assistance, administer grant programs for the restoration of historic commercial facades, and organize various events to attract foot traffic to local restaurants and shops. Their efforts also involve retaining and recruiting small businesses to the area, aiming to create a diverse and vibrant commercial corridor that appeals to both residents and visitors alike. Furthermore, Barracks Row Main Street Inc has been instrumental in revitalizing the Eastern Market Metro Park, offering a range of programs such as musical, educational, athletic, and children's events to enhance opportunities within the neighborhood.
Official website here: www.barracksrow.org
What is the revenue of Barracks Row Main Street Inc?
Barracks Row Main Street Inc's revenue in 2023 was $772,538.
Official website here: www.barracksrow.org
Who are the executives of Barracks Row Main Street Inc and what are their salaries?
The average compensation at Barracks Row Main Street Inc during 2023 was $53,504. There are 2 employees and 19 volunteers at Barracks Row Main Street Inc.
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- Compensation: $82,000
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- Other: $10,922
Official website here: www.barracksrow.org
Where can I find the form 990 for Barracks Row Main Street Inc?
Barracks Row Main Street Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.barracksrow.org
Learn more at the official website: www.barracksrow.org
Mission Statement of Barracks Row Main Street Inc
Barracks Row Main Street Inc is dedicated to revitalizing a specific area in Washington, D.C., specifically along Eighth Street, SE. Their mission is to transform this corridor into a vibrant and connected space that re-establishes a link between Capitol Hill and the Anacostia River. In pursuit of this goal, Barracks Row Main Street Inc provides extensive technical assistance to local businesses, administers grant programs that fund historical commercial facade restorations and rehabilitations, and organizes a variety of events to attract foot traffic to the area. This, in turn, benefits the local restaurants and shops by enhancing their business opportunities. The organization's efforts also extend to retaining and recruiting small and local businesses, contributing to the creation of a diverse and lively commercial corridor that attracts both residents and visitors alike. Barracks Row Main Street Inc further enriches the area by offering a range of musical, educational, athletic, and children's programs in the Eastern Market Metro Park, thereby revitalizing the park and expanding the neighborhood's opportunities.
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Impact
July, 2024
Barracks Row Main Street Inc has played a vital role in revitalizing the area of Washington, DC along Eighth Street SE as a vibrant corridor that reconnects Capitol Hill to the Anacostia River. Through extensive small business technical assistance, grant programs for the restoration of historic facades, and a variety of events that drive foot traffic to local businesses, Barracks Row Main Street has made significant strides in creating a diverse and lively commercial corridor. Additionally, the organization's efforts in revitalizing the Eastern Market Metro Park through various programs have enhanced the overall neighborhood experience. Overall, Barracks Row Main Street's impact can be observed through its commitment to community improvement and economic development in the Washington, DC area.
This information is meant to be a general summary of Barracks Row 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 2023.
- Investment Income: $43,791
- Gross Receipts: $772,538
Assets and Liabilities:
- Total Assets: $1,819,952
- Total Liabilities: $168,398
- Net Assets: $1,651,554
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Organization Details
Founding Year
1999
Principal Officer
Stephen Daniels
Website
www.barracksrow.orgNTEE Category
Code: S31 - Community improvement
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