The Mainstreet Foundation

Nonprofit profile at a glance

EIN: 272510632
IRS 990-EZ coverage: 2021–2024
Forms available: Form 990-EZ 2024, Form 990-T 2024, Form 990-N 2020
Location: Hopkins, MN, USA
Phone: 9522500926
Rating: 80
Verdict: STRONG
Rating confidence: Moderate
Sector: Voluntarism Promotion

Reported finances

Revenue: $65,364
Expenses: $35,621
Assets: $146,950
Liabilities: $66,235

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

LAUREN PAULSON (PRESIDENT)
KEYAH ADAMS (VICE PRESIDENT)

People named in this filing

LAUREN PAULSON (PRESIDENT)
KEYAH ADAMS (VICE PRESIDENT)
MARY DILLON (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

See schedule o

What it reported doing in 2024

To support the hopkins raspberry festival

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 88% 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. Revenue has declined or grown slowly and assets have declined or grown slowly.

Rating breakdown

Financial Efficiency: 84
Transparency & Controls: 82
Sustainability: 73
Growth: 40

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 76%; rating input score 76
Program expense ratio: 96.3%; rating input score 96

Transparency & Controls

Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
Major donor itemization: Limited

Sustainability

Operating margin: 45.5%; rating input score 89; 89th percentile among comparable filings
Total-asset coverage ratio: 4.13; rating input score 81; 81st percentile among comparable filings
Liabilities to assets ratio: 0.45; rating input score 9; 9th percentile among comparable filings
Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

Program expense growth: 23% per year; rating input score 100; 84th percentile among comparable filings
Revenue growth: -9.5% per year; rating input score 0; 25th percentile among comparable filings
Asset growth: -4.4% per year; rating input score 0; 25th percentile among comparable filings

Details

Where the money goes: 76% of revenue deployed · 96.3% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $34K in reported program spending
Leadership: top reported pay $0 · 11 people listed
Consistency: 8 of 8 current checks pass
Schedules: 2 filed schedules
Filing history: 4 filing years from 2021 to 2024
Contacts: How to reach this organization
Money network: Resolved incoming and outgoing counterparties from filed money flows.
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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

High — Growth: Revenue growth scored 0/100.
High — Growth: Asset growth scored 0/100.
High — Sustainability: Liabilities to assets ratio scored 9/100.
Review — Sustainability: Officer compensation ratio scored 56/100.
High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.