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Georgetown Main Street

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 822524096 ✦ Washington, DC ✦ Designated as a 501(c)(3)

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Overview

What is Georgetown Main Street?

Georgetown Main Street is a nonprofit organization situated in Washington, D.C., specifically at 1000 POTOMAC STREET NW 122. Their primary objective is to bolster the vitality of small businesses in the Georgetown area, primarily focusing on the Wisconsin Avenue Commercial Corridor. They accomplish this by representing, promoting, and providing support to these businesses, in addition to distributing grants directly. The organization also actively engages with residents, businesses, community organizations, and visitors to foster a lively and vibrant Georgetown. Beyond this, they offer timely and relevant information to aid small businesses and host events to invite visitors to explore Georgetown. With a dedicated workforce of just one individual, Georgetown Main Street's mission is to contribute positively to the local community and small businesses.


Official website here: www.georgetownmainstreet.com/

Is Georgetown Main Street legitimate?

Georgetown Main Street is a legitimate nonprofit organization registered as a 501(c)(3) entity. Georgetown Main Street 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: $63,415
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,542

For more financial information, click here


Official website here: www.georgetownmainstreet.com/

What is the mission statement of Georgetown Main Street?

Georgetown Main Street's mission is centered around enhancing the vitality of small businesses. This is accomplished by representing, promoting, and supporting the commercial corridor, specifically Wisconsin Avenue. The organization engages with various stakeholders including residents, businesses, community organizations, and visitors to foster a vibrant community. In pursuit of this goal, Georgetown Main Street provides direct grants and support to small businesses, shares timely and relevant information to aid them, and hosts events to attract visitors.


Official website here: www.georgetownmainstreet.com/

Who is the CEO of Georgetown Main Street?

Rachel Shank is the Executive Director of Georgetown Main Street.


Official website here: www.georgetownmainstreet.com/

What is the revenue of Georgetown Main Street?

Georgetown Main Street's revenue in 2022 was $227,374.


Official website here: www.georgetownmainstreet.com/

Who are the executives of Georgetown Main Street and what are their salaries?

The average compensation at Georgetown Main Street during 2022 was $68,957. There is 1 employee and 150 volunteers at Georgetown Main Street.


Here are 13 key members and their salaries:


Rachel Shank (Executive Director)
  • Compensation: $61,498
  • Related: $0
  • Other: $0
Melanie Hayes (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Iesha Holy (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Trevor Waddell (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jenn Crovato (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Duk-Ki Yu (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vicki Johnson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Kierl (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Colleen Girouard (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alex Walker (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ellen Waugh (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Juan Dromgoole (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann Goldstein (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.georgetownmainstreet.com/

Where can I find the form 990 for Georgetown Main Street?

Georgetown Main Street's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.georgetownmainstreet.com/

Learn more at the official website: www.georgetownmainstreet.com/

Mission Statement of Georgetown Main Street

Georgetown Main Street, a community organization, is dedicated to strengthening the vitality of small businesses in its commercial corridor. Their mission is twofold: firstly, they represent and promote these businesses, ensuring they receive the support they need to thrive. Secondly, they engage with residents, businesses, community organizations, and visitors, aiming to build a vibrant and lively Georgetown. By doing so, Georgetown Main Street seeks to enhance the overall appeal of the Wisconsin Avenue commercial district, attracting visitors to enjoy what the area has to offer. In pursuit of this mission, Georgetown Main Street awards direct grants and offers timely and relevant information to small businesses, hosting events to encourage visitors to explore the area.

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Impact




October, 2024

Georgetown Main Street significantly enhances the vitality of Georgetown's small businesses by actively representing, promoting, and supporting the Wisconsin Avenue commercial corridor. Through direct grants and support, the organization provides essential resources that empower local entrepreneurs and strengthen their operations. Additionally, Georgetown Main Street delivers timely and relevant information that helps small businesses navigate challenges and seize opportunities. By hosting engaging events, the organization encourages visitors to explore and enjoy Georgetown, further driving foot traffic to local shops and services. Ultimately, its efforts not only boost the economic landscape but also foster a vibrant community that benefits residents, businesses, and visitors alike.




This information is meant to be a general summary of Georgetown Main Street. 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.

Revenue
$227,374 (2022)
Expenses
$207,878 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4
  • Program Service Revenue: $33,340
  • Gross Receipts: $227,374

Assets and Liabilities:

  • Total Assets: $52,028
  • Total Liabilities: $324
  • Net Assets: $51,704

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

SPECIAL EVENTS

Revenue

$29,390

PROGRAM REVENUE

Revenue

$3,950

Organization Details

Founding Year

2017

Principal Officer

Rachel Shank

Main Address

1000 POTOMAC STREET NW 122, WASHINGTON, DC, 20007

NTEE Category

Code: S20 - Community improvement

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