Main Street Mount Pleasant
Nonprofit profile at a glance
- EIN
- 421124755
- IRS 990 coverage
- 2012–2025
- Forms available
- Form 990 2025, Form 990-EZ 2011
- Location
- Mt Pleasant, IA, USA
- Phone
- 3193853101
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $146,681
- Expenses
- $232,765
- Assets
- $2,376,183
- Liabilities
- $304,395
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- KEVIN DAMERON (PRESIDENT EL)
- ADAM MOEHLE (PRESIDENT)
Highest reported compensation
- LISA OETKEN (EXECUTIVE DI): $56,925 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of main street mount pleasant is to stimulate economic development, strengthen the economic and cultural vitality, nurture a creative mix of activities, environments and experiences, and provide energy, leadership and support for the public/private initiatives that encourage the growth and vitality of downtown mount pleasant by promoting downtown as an exciting place to live, shop and invest.
What it reported doing in 2025
In 2012, main street mt pleasant formed a limited liabliity company, union block llc, to rehab a large historial building on the square in mount pleasant, Iowa. The building had been damaged by a fire a few years prior to 2012 and the prior owners did not repair the building following the fire. If the building had been taken down, it would have removed half of the store fronts from the north side of the downtown square. Union block llc obtained grants and donations to fund the rehab of the building. The rehab of the building was completed in 2015. This organization has been consolidated into main street mount pleasant and serves the community in conjuction with main street mt pleasant by continuing to host fundraising events and apply for grants to reduce the debt related to the rehab of the building. The union block building is rented out to retail store fronts on the main level, office space on the second level, and the third level is a special event space.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 92
- Accountability: 84
- Sustainability: 32
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 83%; rating input score 83
- Fundraising efficiency: $3.01 raised per $1 spent on fundraising; rating input score 13; 13th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -58.7%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 10.21; rating input score 90; 90th percentile among comparable filings
- Liabilities to assets ratio: 0.13; rating input score 20; 20th percentile among comparable filings
- Officer compensation ratio: 24.5%; rating input score 15; 15th percentile among comparable filings
Growth
- Program expense growth: 17.3% per year; rating input score 100; 80th percentile among comparable filings
- Revenue growth: -6.8% per year; rating input score 0; 7th percentile among comparable filings
- Asset growth: 8.6% per year; rating input score 100; 58th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 83% of spending went to programs
- Governance: 11 of 11 board members independent · 5 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $193K in reported program spending
- Leadership: top reported pay $57K · 13 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 13 filing years from 2012 to 2025
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 13/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Sustainability: Operating margin scored 3/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 15/100.
- High — Sustainability: Liabilities to assets ratio scored 20/100.