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Main Street Square

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

EIN: 273983146 ✦ Rapid city, SD ✦ Designated as a 501(c)(3)

Overview

What is Main Street Square?

Main Street Square is a vibrant community gathering space situated in the heart of Rapid City, South Dakota. Managed by an organization with a 41-strong workforce, this town square operates under an agreement with the city. Throughout 2022, Main Street Square hosted over 60 events, attracting a substantial crowd of 150,000 to 250,000 individuals. Features such as an interactive water fountain in summer and an ice skating rink in winter contribute to the square's allure. A visitor information center is also available, offering insights into the local community. Events held during the year included holiday celebrations, movie screenings, and musical concerts. Main Street Square also collaborates with other cities to learn about economic development, subsequently enhancing its own events. By redeveloping and revitalizing downtown Rapid City, the organization focuses on improving streets, facades, and the business mix, as well as implementing clean and safe programs. The organization maintains a website and distributes literature promoting downtown businesses and events, with a strong emphasis on the arts. In 2017, a significant sculpture project was accomplished, positioning Rapid City as an arts destination. With a community-focused approach, Main Street Square plays a significant role in enriching the cultural and social landscape of the Rapid City community.


Official website here: www.mainstreetsquare.org

Is Main Street Square legitimate?

Main Street Square is a legitimate nonprofit organization registered as a 501(c)(3) entity. Main Street Square 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.

Here are some key statistics you may want to consider:

Executive Compensation: $88,595
Professional Fundraising Fees: $0
Other Salaries and Wages: $418,092

For more financial information, click here


Official website here: www.mainstreetsquare.org

What is the mission statement of Main Street Square?

Main Street Square's mission is to operate an active community gathering place in the heart of the city, promoting pedestrian traffic and strengthening the community's center. The organization supports, encourages, advocates, and preserves the vitality and aesthetic beauty of the local business community by managing this town square, which is owned by the city of Rapid City. The primary goal is to provide a space that brings the entire community together, fostering a sense of unity and enhancement to the downtown area.


Official website here: www.mainstreetsquare.org

Who is the CEO of Main Street Square?

Matt Senftner is the President/Ce of Main Street Square.


Official website here: www.mainstreetsquare.org

What is the revenue of Main Street Square?

Main Street Square's revenue in 2022 was $1,099,464.


Official website here: www.mainstreetsquare.org

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

The average compensation at Main Street Square during 2022 was $12,358. There are 41 employees and 34 volunteers at Main Street Square.

Here are 14 key members and their salaries:

    Domico Rodriguez (President/Ce) [Trustee/Director]
  • Compensation: $81,428
  • Related: $0
  • Other: $7,167

    • Mutch Usera (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ray Hespen (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Billi Derudder (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stacey Hazelton (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tim Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Adelstein (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steve Allender (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Jim Rankin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stacie Granum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lori Vega (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tom Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sam Wylie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Pogany (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.mainstreetsquare.org

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

    The Main Street Square’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.mainstreetsquare.org

    Learn more at the official website: www.mainstreetsquare.org

    Mission Statement of Main Street Square

    Main Street Square, a community-focused organization, operates a town square in the heart of a downtown area, specifically in Rapid City. Its mission is multifaceted, aimed at serving the entire community. Firstly, Main Street Square strives to provide an active gathering place where people can socialize and interact. Secondly, it aims to invite more pedestrian traffic into the downtown area, thereby enhancing the vibrancy and attractiveness of the location. Lastly, the organization works towards strengthening the community's core by supporting, encouraging, advocating, and preserving the vitality and aesthetic beauty of the local business community. In essence, Main Street Square is committed to fostering a thriving and visually appealing downtown area that serves as a hub for community engagement and economic development.

    Impact

    This information is meant to be a general summary of Main Street Square. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Main Street Square has a significant impact on the Rapid City community by serving as an active gathering place in the heart of downtown. It attracts between 150,000 to 250,000 people annually through over 60 events, fostering community engagement and increasing pedestrian traffic downtown. The square's activities, such as the interactive water fountain in summer and ice skating rink in winter, contribute to enhancing the vibrancy and aesthetic appeal of the area.

    Furthermore, Main Street Square's efforts extend beyond event management to economic development and downtown revitalization. By leading initiatives to improve streetscapes, business mix, and safety programs, the organization plays a vital role in redeveloping downtown Rapid City. Additionally, its advocacy for the arts, highlighted by the completion of a significant sculpture project in 2017, positions the city as an arts destination and fosters community involvement in cultural initiatives.

    Overall, Main Street Square's multifaceted approach to community improvement has tangible positive effects on the social, cultural, and economic dynamics of Rapid City, making it a pivotal organization in strengthening the center of the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $2,021
  • Program Service Revenue: $444,355
  • Gross Receipts: $1,102,491

    • Assets and Liabilities:
  • Total Assets: $1,669,966
  • Total Liabilities: $128,265
  • Net Assets: $1,541,701
  • Programs

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

    BID REVENUE

    Revenue

    $224,229

    ICE SKATING

    Revenue

    $111,375

    COMMUNITY EVENTS

    Revenue

    $98,751

    DOWNTOWN ADVERTISING

    Revenue

    $10,000

    Organization Details

    Founding Year

    2010

    Principal Officer

    Matt Senftner

    Main Address

    512 MAIN STREET SUITE 980, RAPID CITY, SD, 57701

    NTEE Category

    Code: S20 - Community improvement

    If you are a representative of Main Street Square and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.