Overview
What is Venice Mainstreet Inc?
Venice Mainstreet Inc, established in Venice, Florida, is a dedicated nonprofit organization committed to preserving and enhancing the quality environment in the historic downtown area. With a focus on its historic character and economic vitality, this organization leverages volunteer efforts to achieve its goals. Its primary activities include promoting the area through festivals, art shows, and assisting in the promotion of the locality. Venice Mainstreet Inc employs a team of four individuals, working tirelessly to ensure the continued success and development of downtown Venice for present and future generations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, Two-Star out of Four Star rating. This indicates that Venice Mainstreet Inc has a moderate level of accountability and financial health, based primarily on its Accountability & Finance score. The organization did not score well in areas related to board independence, which could raise concerns about governance. However, it has shown a commitment to maintaining financial integrity, with no material diversion of assets noted.
User reviews from Great Nonprofits highlight Venice Mainstreet Inc's significant role in revitalizing and sustaining the Historic Downtown Venice area since the late 1980s. One volunteer praised the nonprofit for its active involvement in organizing events that attract both residents and visitors. Projects related to community beautification and family-friendly activities have been particularly noted, showcasing the organization’s focus on enhancing local pride and engagement.
Despite the positive feedback from community members, the lack of independent board members and missing transparency elements such as financial documents on their website may limit the organization’s perceived accountability. These factors may warrant attention as Venice Mainstreet Inc seeks to bolster its governance practices while continuing its impactful community work.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Venice Mainstreet Inc legitimate?
Venice Mainstreet Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Venice Mainstreet 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: $54,060
Professional Fundraising Fees: $0
Other Salaries and Wages: $49,948
For more financial information, click here
What is the mission statement of Venice Mainstreet Inc?
Venice Mainstreet Inc is dedicated to preserving and enhancing a high-quality environment in its downtown area for both current and future generations. They achieve this goal through organized volunteer efforts, with a focus on maintaining the historic character and economic vitality of the area. The organization's mission involves promoting the historic downtown Venice to both residents and visitors, providing venues for festivals and art shows, and assisting in promoting the area as a whole.
Who is the CEO of Venice Mainstreet Inc?
Kara Morgan is the Secretary of Venice Mainstreet Inc.
What is the revenue of Venice Mainstreet Inc?
Venice Mainstreet Inc's revenue in 2021 was $199,878.
Who are the executives of Venice Mainstreet Inc and what are their salaries?
The average compensation at Venice Mainstreet Inc during 2021 was $26,002. There are 4 employees and 4 volunteers at Venice Mainstreet Inc.
Here are 3 key members and their salaries:
- 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 Venice Mainstreet Inc?
Venice Mainstreet Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Venice Mainstreet Inc
Venice Mainstreet Inc, a dedicated nonprofit organization, is committed to preserving and enhancing the quality environment in downtown areas for both current and future generations. Their mission is achieved through the power of organized volunteer efforts, with a specific focus on maintaining the historic character and promoting the economic vitality of these areas. In essence, Venice Mainstreet Inc strives to create a thriving and distinct downtown community that can be enjoyed by all, now and in the future. They achieve this goal by promoting historical downtown Venice to both residents and visitors, providing venues for various festivals and art shows, and offering assistance in promoting the area as a whole.
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Impact
October, 2024
Venice Mainstreet Inc plays a vital role in the preservation and enhancement of downtown Venice, Florida, focusing on maintaining its distinct historic character while boosting economic vitality. By organizing volunteer efforts, the organization actively engages the community in initiatives that support local culture and heritage.
Through the promotion of festivals and art shows, Venice Mainstreet Inc creates vibrant spaces that attract both residents and visitors, fostering a sense of community and pride. These events not only celebrate the unique aspects of the area but also serve as an economic catalyst for local businesses, enhancing the overall quality of life in the downtown area.
By prioritizing historical preservation, Venice Mainstreet Inc ensures that the charm and legacy of the city are not only maintained but also showcased to future generations, making the downtown area a welcoming and lively destination.
This information is meant to be a general summary of Venice Mainstreet 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 2021.
- Investment Income: $4
- Program Service Revenue: $100,701
- Gross Receipts: $208,649
Assets and Liabilities:
- Total Assets: $198,095
- Total Liabilities: $19,279
- Net Assets: $178,816
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES & ASSESSMENTS
Revenue
$75,026
DIRECTORY ADVERTISING
Revenue
$12,175
MURAL INCOME
Revenue
$13,500
Organization Details
Founding Year
1987
Phone
(941) 484-6722Principal Officer
Kara Morgan
Main Address
101 WEST VENICE AVE, VENICE, FL, 34285
NTEE Category
Code: S200 - Community improvement
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