Overview
What is Ripley Main Street Inc?
Ripley Main Street Inc, based in Ripley, West Virginia, serves as a nonprofit organization committed to fostering the economic vitality and preserving the historical charm of its local business community. The organization's primary activity involves providing entertainment and meeting space through the Alpine Theater located downtown. Their mission is to cultivate and nurture the economic growth and historical character of Ripley's business sector. Their central office is located at PO Box 307, Ripley, WV 25271.
Official website here: www.msripley.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 stars (43%)
Ripley Main Street Inc has received a Zero-Star out of Four Star rating from Charity Navigator, which reflects significant concerns regarding its financial accountability and transparency. The rating primarily stems from a low overall score of 43%, with the charity particularly scoring poorly on metrics related to its program expense ratio and liabilities to assets ratio. This indicates that a minimal portion of its resources is being allocated towards its programs, raising questions about its operational effectiveness.
On the positive side, the organization demonstrates strengths in governance, with a fully independent board of directors, and it has no reported material diversion of assets. Furthermore, it has a whistleblower policy and conflict of interest policy listed, which are good practices for organizational accountability. The charity has also made its board meeting minutes available and adheres to protocols for document retention.
However, the lack of a whistleblower policy and other missing documents related to governance practices are notable gaps. The financial health indicators are concerning, as the high liabilities to assets ratio and low program expense ratio suggest the charity may not be utilizing its resources effectively to fulfill its mission. Overall, potential donors and stakeholders should approach with caution based on this assessment.
This AI summary has been generated from information found on Charity Navigator.
Is Ripley Main Street Inc legitimate?
Ripley Main Street Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ripley 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: $0
For more financial information, click here
Official website here: www.msripley.com
What is the mission statement of Ripley Main Street Inc?
Ripley Main Street Inc's mission is focused on nurturing and enhancing the economic vitality and preserving the historical character of its business community. This organization aims to accomplish this goal by cultivating a thriving business environment. One of their key initiatives involves providing entertainment and meeting space through the Alpine Theater, which is situated downtown.
Official website here: www.msripley.com
Who is the CEO of Ripley Main Street Inc?
Sally Blessing is the Coexecutive Director of Ripley Main Street Inc.
Official website here: www.msripley.com
What is the revenue of Ripley Main Street Inc?
Ripley Main Street Inc's revenue in 2022 was $42,167.
Official website here: www.msripley.com
Who are the executives of Ripley Main Street Inc and what are their salaries?
There 20 volunteers at Ripley Main Street Inc.
Here are 14 key members and their salaries:
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- Compensation: $6,000
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Official website here: www.msripley.com
Where can I find the form 990 for Ripley Main Street Inc?
Ripley Main Street Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.msripley.com
Learn more at the official website: www.msripley.com
Mission Statement of Ripley Main Street Inc
Ripley Main Street Inc, a nonprofit organization, is committed to fostering and sustaining the economic vitality and historical character of its business community. Their mission is to cultivate and nurture this economic growth, ensuring the preservation of the community's rich history. One of their significant contributions is the operation of the Alpine Theater, which serves as a venue for entertainment and meetings in the downtown area, further promoting the community's economic and social life.
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Impact
August, 2024
Ripley Main Street Inc plays a crucial role in enhancing the economic vitality and preserving the historical charm of the Ripley business community. Through initiatives such as the Alpine Theater, which provides entertainment and meeting space downtown, Ripley Main Street Inc actively contributes to the revitalization and development of the city. Their focus on community improvement underscores their commitment to fostering a thriving local economy and preserving the unique heritage of Ripley, WV.
This information is meant to be a general summary of Ripley 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: $46
- Program Service Revenue: $11,109
- Gross Receipts: $42,167
Assets and Liabilities:
- Total Assets: $203,423
- Total Liabilities: $2,946
- Net Assets: $200,477
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ALPINE THEATER
Revenue
$9,907
WATER TRAIL
Revenue
$202
CHILDRENS ACTIVITIES
Revenue
$1,000
Organization Details
Founding Year
1998
Phone
(304) 372-1637Principal Officer
Sally Blessing
Main Address
PO BOX 307, Ripley, WV, 25271
Website
www.msripley.comNTEE Category
Code: S200 - Community improvement
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