White Bear Lake Main Street Inc
Nonprofit profile at a glance
- EIN
- 411739870
- IRS 990-EZ coverage
- 2018–2024
- Forms available
- Form 990-EZ 2024
- Location
- White Bear Lake, MN, USA
- Phone
- 6514261219
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $133,275
- Expenses
- $132,999
- Assets
- $144,404
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- LISA BEECROFT (PRESIDENT)
People named in this filing
- LISA BEECROFT (PRESIDENT)
- KRISTIN CRANMER (VICE PRESDIE)
- PATTY STEELE (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-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
White bear lake main street, inc. Is committed to promotional efforts and improving the qualify and diversity of business by encouraging economic, cultural and recreational development, and also creating excitement and activity while building a strong business image through a combined effort from businesses, services and community residents now and in the future.
What it reported doing in 2024
The organization successfully worked to stimulate downtown economic growth to keep our downtown business community vibrant. This was accomplished by holding robust events throughout the year and promotion of downtown businesses and events through print advertising, magazines, radio and social media.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- 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. Program spending has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 82
- Sustainability: 37
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 74.3%; rating input score 74
- Program expense ratio: 74.5%; rating input score 75
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 0.2%; rating input score 35; 35th percentile among comparable filings
- Total-asset coverage ratio: 1.09; rating input score 62; 62nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 18.6%; rating input score 17; 17th percentile among comparable filings
Growth
- Program expense growth: -1.1% per year; rating input score 0; 26th percentile among comparable filings
- Revenue growth: 5% per year; rating input score 100; 48th percentile among comparable filings
- Asset growth: 5.5% per year; rating input score 100; 47th percentile among comparable filings
Details
- Where the money goes: 74.3% of revenue deployed · 74.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $99K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 1 filed schedules
- Filing history: 6 filing years from 2018 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 — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 35/100.
- High — Sustainability: Officer compensation ratio scored 17/100.