Oyster Bay Main Street Association
Public records show a registered, tax-exempt organization in good standing.
What it says it does
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.
- Income
- $425,779
- Spending
- $517,606
- Spent on programs
- 70%
- Reserves
- 1.1 months of spending
- Largest source of income
- donations and private grants, 77%
- Employees
- 8
- Volunteers
- 20
- Highest pay
- $79,000, executive director terminated jan 2025
Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 45 out of 100. Higher than 14% of charities in its peer group (community improvement, $250k to $1m).
Reserves
10 of 35Spendable reserves would cover 1.1 months of spending.
Debt
5 of 20It owes 52% of what it owns.
Living within its means
0 of 15Spending exceeded income by 22% of income.
Income trend
15 of 15Income rose 9% on the year before.
Spending floor
15 of 1570% of spending went to programs and raising each dollar of donations cost 18 cents.
Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 97 out of 100. Higher than 89% of charities in its peer group (community improvement, $250k to $1m).
Independent board
25 of 2515 of 15 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
12 of 15Its accounts were reviewed or compiled by an independent accountant, but not audited.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (5)
- $56,860 spent. 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.
- $77,632 spent. Seasonal Decorations- The organization decorated the lamp posts of the downtown business district with 168 hanging baskets in the summer and 168 wreaths in the winter. The organization also purchases the holiday decorations and Christmas Tree in the center of the downtown. OBMSA installs and maintains all decorations.
- $14,544 spent. Community Events-Throughout the year OBMSA organizes free events in the downtown to help foster a sense of community, bring people together, and encourage our members to shop local. We host a variety of events, including: The Oyster Bay MarkeDancing in the Street, Boo-tiques By the Bay, and the Holiday Stroll and Tree Lighting.t,
- $11,223 spent. Facade & Sign Improvement
- $204,174 spent. Gold Coast Book Fair: Long Island's largest annual literary event, with 75 authors, thousands of readers, panels, book signings, workshops, and a festive marketplace with food and vendors. Produced by the non-profit organization, Gold Coast Forum, it takes place over the course of one weekend on the campus of LIU Post and in downtown Oyster Bay. It is free to attend, with activities for readers of all ages.
Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending August 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since April 2002.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.