Oyster Bay Main Street Association
Nonprofit profile at a glance
- EIN
- 113623349
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024, Form 990-EZ 2011
- Location
- Oyster Bay, NY, USA
- Phone
- 5169226982
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Economic Development
Reported finances
- Revenue
- $425,779
- Expenses
- $517,606
- Assets
- $113,356
- Liabilities
- $58,480
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- Meredith Maus (Executive Director terminated Jan 2025)
- Jaqueline Cipolla (Executive Director as of Jan 2025)
- Sandra Coudert Graham (President)
- John Bonifacio (Vice President)
Highest reported compensation
- Meredith Maus (Executive Director terminated Jan 2025): $79,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Oyster Bay Main Street Association is a non-profit organization dedicated to creating a healthy economy in an attractive hamlet, while maintaining the downtown's historic integrity. We engage the public and private sectors to revitalize the heart of Oyster Bay through responsible preservation, beautification, community events, educational outreach, and business development.
What it reported doing in 2024
Streetscape Improvements: The organization is dedicated to creating inviting public spaces. To achieve this, they hired a landscaping company to come to the downtown every two weeks to clean the sidewalks and streets during the peak visitor season from April through early December. They have also made investments into local public spaces by purchasing new tables and chairs to create an outdoor dining area open to the public.
Operating model
- Revenue model
- Donor-supported. 66% of the money available for current operations came from contributions and gifts.
- 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
SUPPORTED - 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 expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 70
- Accountability: 95
- Sustainability: 14
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.6%; rating input score 86
- Program expense ratio: 70.4%; rating input score 70
- Fundraising efficiency: $5.69 raised per $1 spent on fundraising; rating input score 25; 25th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- 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: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- 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: Fail
Sustainability
- Operating margin: -21.6%; rating input score 13; 13th percentile among comparable filings
- Total-asset coverage ratio: 0.22; rating input score 12; 12th percentile among comparable filings
- Liabilities to assets ratio: 0.52; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 15.3%; rating input score 24; 24th percentile among comparable filings
Growth
- Program expense growth: 18.4% per year; rating input score 100; 83rd percentile among comparable filings
- Revenue growth: 8.5% per year; rating input score 100; 68th percentile among comparable filings
- Asset growth: 7.2% per year; rating input score 100; 56th percentile among comparable filings
Details
- Where the money goes: 85.6% of revenue deployed · 70.4% of spending went to programs
- Governance: 15 of 15 board members independent · 7 of 8 filing controls reported
- Programs: 5 filed program accomplishments · $364K in reported program spending
- Leadership: top reported pay $79K · 16 people listed · 1 of 6 pay-setting controls reported
- Consistency: 28 of 28 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 10 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 25/100.
- High — Sustainability: Operating margin scored 13/100.
- High — Sustainability: Total-asset coverage ratio scored 12/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Liabilities to assets ratio scored 11/100.
- High — Sustainability: Officer compensation ratio scored 24/100.