Overview
What is Main Street Texarkana Business Organization For A New Downtown?
Main Street Texarkana Business Organization For A New Downtown is a nonprofit organization situated in Texarkana, Texas. With a small team of three individuals, their primary objective is to revitalize the downtown area, transforming it into a thriving economic and commercial hub. They achieve this goal by fostering a blend of culture and businesses within the district, aiming to attract both locals and visitors alike. The organization's mission is to preserve and develop the downtown area, ensuring its continued growth and sustainability as a commercial and cultural epicenter.
Official website here: www.mainstreettexarkana.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
The Main Street Texarkana Business Organization For A New Downtown has received a Two-Star rating from Charity Navigator, which indicates a moderate level of accountability and finance management. The overall score is derived solely from its Accountability & Finance metrics, where it scored 73%. The organization benefits from having a fully independent board, with 100% of its members meeting this criterion, and it demonstrates effective program expenditure, with a program expense ratio of 78.56%.
However, the organization has several notable weaknesses in its governance practices. It lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, all contributing to its lower score. Additionally, it does not provide board meeting minutes or post its tax form on its website, which could hinder transparency and accountability efforts.
While the organization shows strengths in certain areas, particularly in board independence and financial health with a very low liabilities to assets ratio of 0.76%, the absence of critical governance policies suggests areas for improvement to enhance trust and oversight among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Main Street Texarkana Business Organization For A New Downtown?
100% of 22 reviewers on Facebook recommend the Main Street Texarkana Business Organization for a New Downtown. Here’s a summary of their feedback:
The organization is praised for its welcoming environment and friendly community spirit. Reviewers highlight the positive interactions and overall warmth of the people involved, indicating a strong sense of camaraderie and support. The organization is recognized for its focus on creating a vibrant downtown area, which fosters a great atmosphere for both residents and visitors.
Additionally, the organization’s menu and offerings were noted as impressive, suggesting that it not only enhances the community's appeal but also provides enjoyable experiences for those who engage with it. Overall, the sentiment reflects a high level of satisfaction, emphasizing that Main Street Texarkana delivers on its mission to revitalize and promote the downtown area effectively.
This AI summary has been generated from reviews found on Facebook.
Is Main Street Texarkana Business Organization For A New Downtown legitimate?
Main Street Texarkana Business Organization For A New Downtown is a legitimate nonprofit organization registered as a 501(c)(3) entity. Main Street Texarkana Business Organization For A New Downtown 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: $61,928
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mainstreettexarkana.org
What is the mission statement of Main Street Texarkana Business Organization For A New Downtown?
The Main Street Texarkana Business Organization For A New Downtown aims to preserve the downtown area, serving both as an economic and commercial hub. They achieve this by attracting cultural and business enterprises to the area. This organization's mission is to revitalize the downtown area, fostering a thriving business environment and cultural scene. By promoting this development, they aim to stimulate economic growth and foster a sense of community. Their activities are focused on transforming the downtown area into a vibrant and attractive destination for residents and visitors alike.
Official website here: www.mainstreettexarkana.org
Who is the CEO of Main Street Texarkana Business Organization For A New Downtown?
Ina M Mcdowell is the Executive Dir. of Main Street Texarkana Business Organization For A New Downtown.
Official website here: www.mainstreettexarkana.org
What is the revenue of Main Street Texarkana Business Organization For A New Downtown?
Main Street Texarkana Business Organization For A New Downtown's revenue in 2022 was $214,874.
Official website here: www.mainstreettexarkana.org
Who are the executives of Main Street Texarkana Business Organization For A New Downtown and what are their salaries?
The average compensation at Main Street Texarkana Business Organization For A New Downtown during 2022 was $20,643. There are 3 employees at Main Street Texarkana Business Organization For A New Downtown.
Here are 13 key members and their salaries:
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Official website here: www.mainstreettexarkana.org
Where can I find the form 990 for Main Street Texarkana Business Organization For A New Downtown?
Main Street Texarkana Business Organization For A New Downtown's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mainstreettexarkana.org
Learn more at the official website: www.mainstreettexarkana.org
Mission Statement of Main Street Texarkana Business Organization For A New Downtown
Main Street Texarkana Business Organization for a New Downtown is dedicate to preserving the downtown area as a thriving economic and commercial center. They achieve this by attracting culture and business enterprises to the area. In essence, the organization's mission is to revitalize the downtown district by fostering a vibrant mix of cultural attractions and commercial ventures. By doing so, Main Street Texarkana Business Organization for a New Downtown aims to breathe new life into the urban core, making it a attractive and viable destination for both residents and visitors alike.
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Impact
October, 2024
Main Street Texarkana Business Organization For A New Downtown profoundly impacts the community by revitalizing the downtown area, transforming it into a vibrant economical and commercial hub. This initiative focuses on preserving the character and charm of downtown Texarkana while strategically bringing in cultural and business enterprises.
By fostering an environment conducive to growth and development, the organization enhances local economies, supports small businesses, and attracts visitors, ultimately enriching the community's cultural fabric. Events, markets, and cultural activities coordinated by the organization not only stimulate economic activity but also promote a sense of community pride and engagement.
This holistic approach to community improvement ensures that downtown Texarkana remains a focal point for commerce and culture, benefiting residents and visitors alike. Through its persistent efforts, Main Street Texarkana plays a crucial role in ensuring the area thrives as a center of economic opportunity and community engagement.
This information is meant to be a general summary of Main Street Texarkana Business Organization For A New Downtown. 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.
- Gross Receipts: $237,834
Assets and Liabilities:
- Total Assets: $330,642
- Total Liabilities: $1,286
- Net Assets: $329,356
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Organization Details
Founding Year
2005
Phone
(903) 792-7191Principal Officer
Ina M Mcdowell
Main Address
PO BOX 631, TEXARKANA, TX, 75504
Website
www.mainstreettexarkana.orgNTEE Category
Code: S41Z - Community improvement
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