Overview
What is Main Street Point Pleasant Inc?
Main Street Point Pleasant Inc is a nonprofit organization based in Point Pleasant, West Virginia, specifically located at 305 Main Street. The organization's primary mission is to promote Main Street in Point Pleasant. They achieve this by securing pledges and donations from local community groups, professionals, retailers, and the local industry. Furthermore, downtown businesses collaborate to organize various events such as craft shows, concerts, and river festivals to promote the area. With a small team of one employee, Main Street Point Pleasant Inc works diligently to enhance the appeal and appeal of Main Street in Point Pleasant.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 13%
Main Street Point Pleasant Inc has received a low rating of 13%, resulting in a Zero-Star out of Four Stars designation. This score reflects significant deficiencies in accountability and finance practices, which are critical for building trust with donors and stakeholders. The rating is primarily derived from the lack of independent board members and missing key governance policies, all of which are essential for ensuring transparency and accountability.
The organization has a total of 10 board members, none of whom are independent, which contributes to its poor governance score. Additionally, key policies such as those related to conflict of interest, whistleblower protection, and document retention are absent, further indicating a lack of robust internal controls. While there are positive aspects such as the presence of board meeting minutes, these are overshadowed by the missing elements in governance.
Financially, Main Street Point Pleasant Inc shows a concerning ratio of liabilities to assets and reports no program expenses, which raises questions about its operational effectiveness. The absence of a publicly accessible website and posted tax forms limits transparency, making it difficult for potential donors to assess the organization’s financial health and mission impact. Overall, significant improvements are needed in governance and financial practices to enhance credibility and performance.
This AI summary has been generated from information found on Charity Navigator.
Is Main Street Point Pleasant Inc legitimate?
Main Street Point Pleasant Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Main Street Point Pleasant 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: $25,962
For more financial information, click here
What is the mission statement of Main Street Point Pleasant Inc?
Main Street Point Pleasant Inc's mission is centered around promoting a specific main street, encouraging local businesses and community engagement. They achieve this by leveraging pledges and donations from professional, retail, and local industrial groups. The organization orchestrates various events such as craft shows, concerts, and river festivals to boost the visibility and appeal of the main street. The primary objective is to foster growth and development for these downtown businesses.
Who is the CEO of Main Street Point Pleasant Inc?
Sandy Dunn is the Treasurer of Main Street Point Pleasant Inc.
What is the revenue of Main Street Point Pleasant Inc?
Main Street Point Pleasant Inc's revenue in 2023 was $71,265.
Who are the executives of Main Street Point Pleasant Inc and what are their salaries?
The average compensation at Main Street Point Pleasant Inc during 2023 was $25,962. There is 1 employee at Main Street Point Pleasant Inc.
Here are 4 key members and their salaries:
- 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 Main Street Point Pleasant Inc?
Main Street Point Pleasant Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Main Street Point Pleasant Inc
Main Street Point Pleasant Inc, a community-driven organization, is dedicated to enhancing the appeal of Main Street in an unspecified location. The organization achieves this goal by garnering support through pledges and donations from various community groups, including professionals, retailers, and local industries. Main Street Point Pleasant Inc encourages participation from downtown businesses, which in turn organize a variety of events such as craft shows, concerts, and river festivals to showcase Main Street and attract more visitors. The ultimate aim is to promote Main Street and boost its appeal within the community.
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Impact
August, 2024
Main Street Point Pleasant Inc's impact can be seen in the vibrant promotion and revitalization of Main Street in Point Pleasant, WV. Through the support of community groups, professionals, retailers, and local industry, this organization has successfully organized various events such as craft shows, concerts, and river festivals to draw attention to Main Street. These efforts have not only enhanced the appeal of the area but have also fostered a sense of community pride and engagement. Main Street Point Pleasant Inc's activities have contributed significantly to the improvement and promotion of Main Street as a hub of local commerce and culture.
This information is meant to be a general summary of Main Street Point Pleasant 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: $21
- Gross Receipts: $71,265
Assets and Liabilities:
- Total Assets: $46,492
- Total Liabilities: $0
- Net Assets: $46,492
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Organization Details
Founding Year
1988
Principal Officer
Sandy Dunn
Main Address
305 MAIN STREET, POINT PLEASANT, WV, 25550
NTEE Category
Code: S200 - Community improvement
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