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North Capital Main Street

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

EIN: 861079764 ✦ Washington, DC ✦ Designated as a 501(c)(3)

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Overview

What is North Capital Main Street?

North Capital Main Street is a nonprofit organization situated in Washington D.C., specifically at PO Box 26098, Washington DC 20001. Their primary mission is to revitalize the North Capitol Main Street business district, which encompasses the neighborhoods of Bloomingdale, Eckington, and Truxton Circle. This revitalization includes both economic and physical restorations, aiming to stimulate business growth and improve the overall appearance of these areas. The organization, with a workforce of just two individuals, is committed to fostering a thriving business environment in North Capitol Main Street.


Official website here: www.northcapitoldc.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 68%, earning it a Two-Star out of Four Star rating. The rating reflects a need for improvement in several accountability and finance areas, despite some strong organizational practices. The organization's high scores for independent board member representation and material diversion of assets indicate a commitment to governance and transparency.

North Capital Main Street has shown strengths in its program expense ratio, allocating a significant portion of its budget to programs, which is a positive indicator of effectiveness. The organization has also established a solid conflict of interest policy and maintains appropriate board meeting documentation. These factors contribute to its overall governance structure.

However, the organization has notable limitations, particularly in its whistleblower and document retention policies, where it received no points. Additionally, the liabilities to assets ratio raises concerns, suggesting potential financial risks. Overall, while North Capital Main Street demonstrates some commendable practices, improvements in governance and financial management are essential for enhancing accountability and performance.


This AI summary has been generated from information found on Charity Navigator.

Is North Capital Main Street legitimate?

North Capital Main Street is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Capital 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: $89,596
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.northcapitoldc.com

What is the mission statement of North Capital Main Street?

North Capital Main Street's mission is centered around fostering and encouraging the revitalization of a business district. Specifically, the organization aims to stimulate the North Capitol Main Street area in the neighborhoods of Bloomingdale, Elkington, and Truxton Circle. Their objective is to revitalize both economically and physically, enhancing these communities in Washington D.C.


Official website here: www.northcapitoldc.com

Who is the CEO of North Capital Main Street?

Shawn Mcghee is the Principal Officer of North Capital Main Street.


Official website here: www.northcapitoldc.com

What is the revenue of North Capital Main Street?

North Capital Main Street's revenue in 2022 was $480,227.


Official website here: www.northcapitoldc.com

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

The average compensation at North Capital Main Street during 2022 was $44,798. There are 2 employees and 8 volunteers at North Capital Main Street.


Here are 7 key members and their salaries:


Aisha Bond (Executive Officer)
  • Compensation: $48,462
  • Related: $0
  • Other: $48,462
Layma Askarzoi (Executive Director)
  • Compensation: $37,154
  • Related: $0
  • Other: $37,154
Ayeola Alexander (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adam Duffy (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tamara Henry (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sheriff Ibrahim (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Shelton (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.northcapitoldc.com

Where can I find the form 990 for North Capital Main Street?

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


Official website here: www.northcapitoldc.com

Learn more at the official website: www.northcapitoldc.com

Mission Statement of North Capital Main Street

North Capital Main Street, as an organization, was established with the primary objective of stimulating and promoting the revitalization of the North Capitol main street business district. Located in the Bloomingdale, Elkington, and Truxton Circle neighborhoods, this organization aims to revitalize these areas economically and physically. The mission of North Capital Main Street is to bolster the commercial sector of these neighborhoods, thereby contributing to their overall development and improvement.

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Impact




July, 2024

North Capital Main Street's impact can be seen in the economic and physical revitalization of the Bloomingdale, Eckington, and Truxton Circle neighborhoods in Washington, DC. Through their efforts to promote and stimulate the North Capitol Main Street business district, they have played a significant role in improving these areas and creating a positive impact on the community.




This information is meant to be a general summary of North Capital 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
$480,227 (2022)
Expenses
$417,744 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $480,227

Assets and Liabilities:

  • Total Assets: $195,740
  • Total Liabilities: $142,953
  • Net Assets: $52,787

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Organization Details

Founding Year

2003

Principal Officer

Shawn Mcghee

Main Address

PO BOX 26098, Washington, DC, 20001

NTEE Category

Code: S20 - Community improvement

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