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Main Street Foundation

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

EIN: 742932297 ✦ Austin, TX ✦ Designated as a 501(c)(3)

Overview

What is Main Street Foundation?

Main Street Foundation, located in Austin, Texas, is a nonprofit organization that primarily focuses on the education and development of community bankers. They offer a blend of instructor-led and online seminars, as well as banking schools, to teach the rules and regulations governing lending, investments, and operational practices in community banks. The foundation's mission is to promote financial literacy and actively contribute to creating a more secure financial future for all Texans. Their initiatives often support financial literacy programs for bankers, aiming to make a positive impact on the community banking sector.


Official website here: www.ibat.org/foundation

Is Main Street Foundation legitimate?

Main Street Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Main Street Foundation 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: $135,877
Professional Fundraising Fees: $0
Other Salaries and Wages: $271,174

For more financial information, click here


Official website here: www.ibat.org/foundation

What is the mission statement of Main Street Foundation?

The Main Street Foundation's mission is centered around promoting the development of community bankers and fostering financial literacy. Through funding various initiatives, the organization aims to empower community bankers to contribute to a more secure financial future for all individuals. The focus is primarily on financial literacy programs designed for bankers. The foundation offers a blend of practical seminars and banking schools, which delve into the rules and regulations governing lending, investment, and operational practices in community banks.


Official website here: www.ibat.org/foundation

Who is the CEO of Main Street Foundation?

Hazem Ahmed is the Chair of Main Street Foundation.


Official website here: www.ibat.org/foundation

What is the revenue of Main Street Foundation?

Main Street Foundation's revenue in 2022 was $816,564.


Official website here: www.ibat.org/foundation

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

Here are 11 key members and their salaries:

    Ursula Jimenez (Secretary/Tr) [Trustee/Director]
  • Compensation: $3,043
  • Related: $196,489
  • Other: $44,261

    • Shay Iacoponelli (President) [Trustee/Director]
  • Compensation: $113,834
  • Related: $54,907
  • Other: $27,816

    • Hazem Ahmed (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jonathan Galeano (Director (01)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daniel Galindo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian Marek (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cliff Mccauley (Director (01)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin Monk (Director (12)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charles M Neff (Director (04)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Glen Thurman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brad Womack (Director (12)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.ibat.org/foundation

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

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


    Official website here: www.ibat.org/foundation

    Learn more at the official website: www.ibat.org/foundation

    Mission Statement of Main Street Foundation

    Main Street Foundation, as a nonprofit organization, is dedicated to promoting the development of community bankers and fostering financial literacy. Its mission is to fund initiatives that empower community bankers to actively contribute to creating a more secure financial future for all Texans. The focus of Main Street Foundation's efforts is primarily on financial literacy programs designed specifically for bankers.

    To achieve its mission, Main Street Foundation offers a variety of educational resources. These resources encompass a blend of practical, instructor-led and online seminars, as well as banking schools. These educational platforms delve into the intricacies of rules and regulations that govern lending, investments, and operational practices in community banks. By equipping community bankers with this knowledge, Main Street Foundation aims to strengthen their capacity to provide sound financial services and contribute positively to their communities.

    Impact

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




    Saturday, July 20, 2024

    Main Street Foundation's impact lies in the promotion of the development of community bankers and the teaching of financial literacy. Through a variety of practical seminars, online courses, and banking schools, the foundation equips community bankers with the knowledge and skills necessary to navigate the rules and regulations governing lending, investment, and operational practices in community banks. By funding initiatives that empower community bankers to actively contribute to creating a more secure financial future for all Texans, Main Street Foundation's focus on financial literacy programs for bankers ensures that individuals and communities are better equipped to make informed financial decisions.





    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: $0
  • Program Service Revenue: $575,782
  • Gross Receipts: $816,564

    • Assets and Liabilities:
  • Total Assets: $633,352
  • Total Liabilities: $509,961
  • Net Assets: $123,391
  • Programs

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

    SEMINAR

    Revenue

    $575,782

    Organization Details

    Founding Year

    1999

    Principal Officer

    Hazem Ahmed

    Main Address

    1700 RIO GRANDE STREET STE 100, AUSTIN, TX, 78701

    NTEE Category

    Code: W022 - Public benefit

    If you are a representative of Main Street Foundation 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.