Onancock Main Street Initiative
Nonprofit profile at a glance
- EIN
- 824442399
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024
- Location
- Onancock, VA, USA
- Phone
- 7573927614
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Urban, Community Economic Development
Reported finances
- Revenue
- $144,265
- Expenses
- $136,969
- Assets
- $98,018
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- LISA FIEGE (PRESIDENT)
People named in this filing
- LISA FIEGE (PRESIDENT)
- KARIN RUSH-MONROE (SECRETARY)
- JAVON SMITH (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The corporation is organized exclusively for non-profit purposes, including, but not limited to (i) the education of the public regarding revitalization techniques, conservation of, and the benefits, in general, of downtown onancock, Virginia; (ii) the availability of and exposure to the arts and cultural activities of downtown onancock, Virginia; and (iii) the historic preservation and beautification of downtown onancock, Virginia. The corporation shall have all the powers granted under va. Code ann. 13.1-826, as amended from time to time, and any other applicable statute.
What it reported doing in 2024
Make onancock the place where residents are proud to live, and visitors want to return. We will do this by forging community partnerships, cultivating downtown businesses, enhancing our artistic and recreational assets, and celebrating our historic and cultural character.
Operating model
- Revenue model
- Grant-funded. 95% of the money available for current operations came from government grants.
- 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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 92
- Accountability: 64
- Sustainability: 51
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.9%; rating input score 95
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
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; 63rd percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 5.1%; rating input score 51; 51st percentile among comparable filings
- Total-asset coverage ratio: 0.72; rating input score 32; 32nd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 36.7% per year; rating input score 100; 93rd percentile among comparable filings
- Revenue growth: 25.2% per year; rating input score 100; 91st percentile among comparable filings
- Asset growth: 18.9% per year; rating input score 100; 83rd percentile among comparable filings
Details
- Where the money goes: 94.9% of revenue deployed · 100% of spending went to programs
- Governance: 8 of 8 board members independent · 1 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $137K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Filing history: 6 filing years from 2019 to 2024
- Contacts: How to reach this organization
- 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 — Accountability: Governance controls: 5 of 6 not reported.
- Review — Sustainability: Operating margin scored 51/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 32/100.