Overview
What is Main Street Launch?
Main Street Launch is a nonprofit organization situated in Oakland, California. Their primary mission is to boost community development by offering financial aid and technical assistance to small businesses, specifically those that generate employment opportunities and contribute positively to their local communities. As a certified Community Development Financial Institution (CDFI) by the United States Treasury Department and an SBA Community Advantage lender with delegated authority from the Small Business Administration, Main Street Launch extends its support to low-to-moderate income areas and entrepreneurs. By providing technical assistance to small business owners and originating loans and grants, this organization plays a crucial role in stimulating economic growth in these communities.
Official website here: www.mainstreetlaunch.org
What are the reviews and ratings of this charity?
Charity Navigator has rated Main Street Launch with a Four-Star out of Four Star rating, reflecting a score of 94%. This rating indicates that the organization excels in accountability and financial transparency, which are critical for donor trust. The score derives entirely from its Accountability & Finance metrics, demonstrating a commitment to responsible governance and fiscal management.
The review highlights several organizational strengths: all board members are independent, and the charity meets high standards in financial oversight, including robust audit practices and a clear conflict of interest policy. Additionally, Main Street Launch allocates a significant portion of its resources directly to programs, with a program expense ratio of 77.40%, showcasing a focus on impact.
However, it's worth noting that some aspects such as impact measurement, culture, and leadership adaptability have not yet been scored. These gaps could indicate areas for growth or improvements in demonstrating effectiveness and community engagement. User reviews from GreatNonprofits were not available at this time.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Main Street Launch?
100% of reviewers on Facebook recommend Main Street Launch. Here is a summary of their reviews:
The overwhelming sentiment is positive, with users expressing gratitude for the supportive role Main Street Launch plays in their small business journeys. Reviewers highlight the professionalism and helpfulness of the staff, noting that they feel like partners in the process rather than just a funding source.
Customers appreciate the personalized attention and guidance provided, emphasizing that this nonprofit genuinely cares about their success and offers valuable advice throughout the financing process. Overall, Main Street Launch is praised for its commitment to helping small businesses thrive.
This AI summary has been generated from reviews found on Facebook.
Is Main Street Launch legitimate?
Main Street Launch is a legitimate nonprofit organization registered as a 501(c)(3) entity. Main Street Launch 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: $419,702
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,966,344
For more financial information, click here
Official website here: www.mainstreetlaunch.org
What is the mission statement of Main Street Launch?
Main Street Launch's mission is centered around strengthening communities by offering financing and expert guidance to small businesses that contribute to employment opportunities and community benefits. Through their activities, they help create jobs and stimulate economic growth in low-income areas. The organization provides technical assistance to small business owners, originates loans and grants, and collaborates with various government agencies to drive economic development in these communities. Main Street Launch is recognized as a Community Development Financial Institution (CDFI) by the United States Treasury Department and holds delegated authority from the Small Business Administration as an SBA Community Advantage lender.
Official website here: www.mainstreetlaunch.org
Who is the CEO of Main Street Launch?
Jacob Singer is the CEO of Main Street Launch The CEO's salary of Main Street Launch is $386,360 and their total compensation is $422,922.
Official website here: www.mainstreetlaunch.org
What is the revenue of Main Street Launch?
Main Street Launch's revenue in 2024 was $5,291,164.
Official website here: www.mainstreetlaunch.org
Who are the executives of Main Street Launch and what are their salaries?
The average compensation at Main Street Launch during 2024 was $199,179. There are 17 employees at Main Street Launch.
Here are 14 key members and their salaries (Main Street Launch's CEO's salary is $386,360 and their total compensation is $422,922):
- Compensation: $392,321
- Related: $0
- Other: $36,358
- Compensation: $386,360
- Related: $0
- Other: $36,562
- Compensation: $333,037
- Related: $0
- Other: $32,836
- Compensation: $228,014
- Related: $0
- Other: $23,138
- Compensation: $196,474
- Related: $0
- Other: $28,889
- Compensation: $4,842
- Related: $0
- Other: $0
- Compensation: $4,500
- Related: $0
- Other: $0
- Compensation: $4,500
- Related: $0
- Other: $0
- Compensation: $4,500
- Related: $0
- Other: $0
- Compensation: $4,500
- Related: $0
- Other: $0
- Compensation: $4,000
- Related: $0
- Other: $0
- Compensation: $4,000
- Related: $0
- Other: $0
- Compensation: $3,500
- Related: $0
- Other: $0
- Compensation: $3,500
- Related: $0
- Other: $0
Official website here: www.mainstreetlaunch.org
Where can I find the form 990 for Main Street Launch?
Main Street Launch's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.mainstreetlaunch.org
Learn more at the official website: www.mainstreetlaunch.org
Mission Statement of Main Street Launch
Main Street Launch, as a nonprofit organization, is committed to fostering strong communities by offering financing and technical assistance to small businesses. Its mission is to support businesses that not only generate employment opportunities but also contribute to the betterment of their communities. By providing technical assistance to entrepreneurs and originating business loans and grants, Main Street Launch aims to stimulate economic development in low-to-moderate income areas. Furthermore, the organization collaborates with local, state, and federal government agencies to drive economic growth in these areas and for low-to-moderate income business owners, thereby promoting community development. Certified as a Community Development Financial Institution (CDFI) by the United States Treasury Department and as an SBA Community Advantage lender with delegated authority from the Small Business Administration, Main Street Launch is equipped to effectively carry out its mission of growing strong communities through small business support.
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Impact
July, 2024
Main Street Launch has a significant impact on growing strong communities by providing financing and technical assistance to small businesses that create jobs and stimulate economic development in low-to-moderate income areas. Through their collaborative approach, they have helped small business owners access the resources they need to thrive and contribute to the local economy. Main Street Launch's efforts have resulted in job creation, economic growth, and overall community improvement in their target areas.
This information is meant to be a general summary of Main Street Launch. 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 2024.
- Investment Income: $553,916
- Program Service Revenue: $1,342,292
- Gross Receipts: $5,291,164
Assets and Liabilities:
- Total Assets: $30,976,803
- Total Liabilities: $17,697,430
- Net Assets: $13,279,373
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fee for services
Revenue
$304,344
LOAN FEES
Revenue
$187,572
Loan sale income
Revenue
$490,505
Loan Servicing Fees
Revenue
$155,918
Return on investment
Revenue
$203,953
Organization Details
Founding Year
1979
Principal Officer
Rohan Kalbag
Website
www.mainstreetlaunch.orgNTEE Category
Code: S43Z - Community improvement
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