Overview
What is Onancock Main Street Initiative?
The Onancock Main Street Initiative is a nonprofit organization, situated in Onancock, Virginia. Its primary mission is to revitalize the downtown area, fostering community partnerships, promoting local businesses, and enhancing artistic and recreational assets. The organization also emphasizes the importance of preserving and beautifying the historic character of Onancock. By educating the public on revitalization techniques, showcasing cultural activities, and conserving the town's charm, the Onancock Main Street Initiative aims to make the area a place that both residents and visitors are proud of and eager to revisit. With a dedicated team of one individual, the initiative strives to contribute positively to the community and the downtown area's overall appeal.
Official website here: www.onancock.com/community
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Onancock Main Street Initiative has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The overall score of 76% is primarily derived from a single beacon focused on Accountability & Finance, suggesting that while the organization performs well in this area, there could be aspects of overall effectiveness or impact that are not assessed in this rating.
Strengths of the organization include a fully independent board, with all members contributing to strong governance, and no material diversion of assets, which reflects integrity in financial management. Additionally, the organization demonstrates a strong program expense ratio, indicating that all funds are directed towards their mission, a positive sign for potential donors.
However, there are notable limitations in the organization's governance policies, with the absence of a conflict of interest policy and a whistleblower policy, both of which are critical for transparency and accountability. This may present concerns for stakeholders regarding the organization's commitment to best practices in nonprofit governance.
This AI summary has been generated from information found on Charity Navigator.
Is Onancock Main Street Initiative legitimate?
Onancock Main Street Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Onancock Main Street Initiative 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: $27,026
For more financial information, click here
Official website here: www.onancock.com/community
What is the mission statement of Onancock Main Street Initiative?
The Onancock Main Street Initiative is established with a non-profit purpose, primarily focusing on educating the public about revitalization techniques and the benefits they bring. It aims to conserve and promote the advantages of downtown areas, as well as provide access to and expose the public to arts and cultural activities. Additionally, the organization is dedicated to preserving and enhancing the historic beauty of downtown areas, utilizing all the powers granted under relevant statutes.
Official website here: www.onancock.com/community
Who is the CEO of Onancock Main Street Initiative?
Janet Fosque is the President of Onancock Main Street Initiative.
Official website here: www.onancock.com/community
What is the revenue of Onancock Main Street Initiative?
Onancock Main Street Initiative's revenue in 2022 was $54,410.
Official website here: www.onancock.com/community
Who are the executives of Onancock Main Street Initiative and what are their salaries?
The average compensation at Onancock Main Street Initiative during 2022 was $27,026. There is 1 employee at Onancock Main Street Initiative.
Here are 8 key members and their salaries:
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Official website here: www.onancock.com/community
Where can I find the form 990 for Onancock Main Street Initiative?
Onancock Main Street Initiative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.onancock.com/community
Learn more at the official website: www.onancock.com/community
Mission Statement of Onancock Main Street Initiative
Onancock Main Street Initiative, a non-profit organization, is established with a mission to serve the public in various capacities. Primarily, its purpose is to educate the community about revitalization techniques and the benefits of downtown Onancock, Virginia. The initiative aims to preserve the historic charm and beauty of the downtown area while also making the arts and cultural activities more accessible and prominent. Additionally, Onancock Main Street Initiative seeks to conserve the area, ensuring its continued vitality and attractiveness. In accomplishing its mission, the organization leverages the powers granted by Virginia Code Ann. 13.1-826 and any other applicable statutes.
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Impact
August, 2024
Onancock Main Street Initiative's impact can be seen in the vibrant and thriving community of Onancock, Virginia. Through forging community partnerships, cultivating downtown businesses, enhancing artistic and recreational assets, and celebrating historic and cultural character, Onancock Main Street Initiative has transformed Onancock into a place where residents are proud to live and visitors want to return.
The efforts of Onancock Main Street Initiative have revitalized downtown Onancock, contributing to economic growth, cultural enrichment, and historic preservation. By educating the public on revitalization techniques, promoting the arts and cultural activities, and beautifying the downtown area, the organization has created a welcoming and lively atmosphere that benefits both residents and visitors.
Overall, Onancock Main Street Initiative's impact is evident in the improved quality of life in Onancock, making it a more attractive and vibrant destination for all.
This information is meant to be a general summary of Onancock Main Street Initiative. 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: $55,096
Assets and Liabilities:
- Total Assets: $85,127
- Total Liabilities: $220
- Net Assets: $84,907
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Organization Details
Principal Officer
Janet Fosque
Main Address
PO BOX 4, ONANCOCK, VA, 23417
Website
www.onancock.com/communityNTEE Category
Code: S31 - Community improvement
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