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Denison Main Street Inc

EIN 45-5601886 · Denison, TX

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair62 out of 100GovernanceStrong94 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

Denison Main Streets mission is to mold Denison as a regional hub with a wide range of engaging activities and to blend commercial activity in the area with livability. As such our two primary goals are the preservation of Denisons heritage and the facilitation of economic growth in order to foster community pride promote civic action and lead to municipal improvements.

Income
$248,383
Spending
$252,429
Spent on programs
100%
Reserves
0.5 months of spending
Largest source of income
fees for its services, 72%
Employees
0
Volunteers
100
Highest pay
$84,644, main street director

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 62 out of 100. Higher than 33% of charities in its peer group (community improvement, under $250k).

  • Reserves

    4 of 35

    Spendable reserves would cover 0.5 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 2% of income.

  • Income trend

    15 of 15

    Income rose 1% on the year before.

  • Spending floor

    15 of 15

    100% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 94 out of 100. Higher than 86% of charities in its peer group (community improvement, under $250k).

  • Independent board

    25 of 25

    9 of 9 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending September 30, 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 (6)
  1. $135,548 spent. Denison on Ice funds outdoor ice skating in Downtown Denison during the holiday season. The program typically lasts from late November to the beginning of January. The ice rink remains open seven days a week. It has grown Main Streets economic viability by providing season jobs for community members and also increasing interest in Denison from existing businesses as well as potential start-ups. The ice rink attracts visitors from Denison to surrounding towns.
  2. $61,777 spent. Music on Main is a premier program organized by Denison Main Street that hosts a free summer music concert. A different group plays Friday night in downtown to fortify our goal. Music on Main enables visitors to experience a variety of musical styles in a concert venue without the cost distance and obstacles. The programs staff incorporates volunteers from the community to involve them in our activities. By sponsoring the arts and promoting the program over several radio stations we draw attention to Denison Main Street from investors.
  3. $16,745 spent. Denison Main Street maintains several yearly celebrations in addition to its two biggest programs. We finance Independence day to provide a family-oriented celebration. We also host another event called Doc Holliday that pays tribute to Denisons early boom. We have entertainers historians authors cultural exhibits tours and more.
  4. $1,800 spent. Main Street Inc runs a program to sell bricks to individuals that are placed at the Eisenhower monument. The bricks have names of individuals that served our country.
  5. $27,965 spent. Denison Main Street Inc Miscellaneous and General revenue & expense
  6. $8,594 spent. In Fiscal year 2023-2024 the City of Denison developed a new program called The Big Event. The Big Event is a community-wide day of service that originated at Texas A&M University. It quickly spread to college campuses across the nation and municipalities are beginning to join in on this impactful day. Residents and non-profit businesses in the City of Denison who might need a little assistance with outdoor projects painting fences yard clean up gardening repairs etc. will be able to apply to participate. During this year the City of Denison received sponsorships from businesses for the event. This money was held in the same fund as Denison Main Street Inc program services.

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. 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.

  2. Has the IRS revoked its tax-exempt status? Worth knowing.

    Status was revoked on February 15, 2015 for not filing returns for three years, and reinstated on February 15, 2015.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. 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.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending September 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since June 2015.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. 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 October 21, 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.