Landmark on Main Street Inc

What it reported doing in 2024

In 1985, the port Washington school board closed the main street school that had served the community since 1909. Faced with the sale and possible demolition of this beloved structure, two local citizens' groups merged their individual visions for the future of the building and surrounding park. Overcoming daunting legal and financial obstacles, the newly formed landmark on main street partnership mapped out a plan for affordable senior housing and a community center to share the space. The converted building was returned to the community in 1995.the multi-faceted, multi-generational space now houses four distinct nonprofits including the parent resource center, port Washington children's center, the teen center and landmark on main street, home of the jeanne rimsky 425-seat theater and the doctors' gym. Additionally, there are 59 subsidized apartments for low-income seniors, 9 of which are for adults with disabilities. Landmark stands today as a testament to the fortitude and spirit of the entire port Washington community. Through our unique history landmark has rightfully become a regional treasure, reflecting the value we all place on the arts.landmark strives to combine the business model of a for-profit performing arts center with our mission as a non-profit organization seeking to make performing arts accessible to all. Our method is simple; bring in great talent, raise awareness, and keep it affordable all while giving back to our community. Our goal is to bring performing arts to the community and in turn, the community to the performing arts.landmarks ticketed season typically runs from late august through june. These performances help support our community programming through ticket sales and sponsorship generation. Beyond our ticketed programs, we offer over 30 free community programs and events throughout the year benefiting all within the community. We actively seek in-kind donations, partnerships, sponsors and grant subsidies to underwrite and sustain these programs.this year, our season included nearly 46 ticketed shows and events, offering high-quality award-winning performers ranging from established artists such as cowboy junkies, richie furay, marc cohn, shawn colvin and ruthie foster, childrens shows like bubble mania and film presentations such as the rocky horror picture show and big lebowski appealing to a broad range of audiences across all age, ethnic and socioeconomic groups. In addition to providing income, this very strong schedule allows us to secure sponsorships from individuals and businesses; these funds are used to cover operating expenses and support ourcommunity mission. Our community free ticket program, underwritten in part by a grant from the community chest of port Washington, allowed us to welcome over 500 community members to our concerts. We distribute tickets to a network of community services and organizations who in turn distribute them to underserved populations. And we offer free tickets to the senior residents with whom we share our historic buildingadditionally, we collaborated with the port Washington chamber of commerce, port Washington bid, residents forward to continue port outdoors, a series which turned main street into a pedestrian mall monthly from may through october. Intended to support local businesses and foster a sense of community, port outdoors included live music and performing arts which landmark coordinated.we work with community leaders to identify and book performers with particular resonance to specific demographics in our community. And we actively seek community partnerships to extend and enrich our programs. Our annual grant from the ed. Foundation enables us to offer local school music students special performances by artists that landmark brings to port Washington, deepening the students appreciation for the professional concert, to which they are also invited.our two flagship community series, also grant funded, address our mission of engagement and en

Financial Efficiency

• Mission deployment rate: 84.1%; rating input score 84
• Program expense ratio: 86.3%; rating input score 86
• Fundraising efficiency: $7.33 raised per $1 spent on fundraising; rating input score 27; 27th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 94.1%; rating input score 94; 24th percentile among comparable filings
• Governance controls: 7 of 7 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 2.8%; rating input score 44; 44th percentile among comparable filings
• Total-asset coverage ratio: 1.27; rating input score 45; 45th percentile among comparable filings
• Liabilities to assets ratio: 0.14; rating input score 52; 52nd percentile among comparable filings
• Officer compensation ratio: 7.1%; rating input score 41; 41st percentile among comparable filings

Growth

• Program expense growth: 3.5% per year; rating input score 100; 31st percentile among comparable filings
• Revenue growth: 1.9% per year; rating input score 100; 20th percentile among comparable filings
• Asset growth: 4.3% per year; rating input score 100; 31st percentile among comparable filings