Fayette Main St Inc
- Assets
- $273.7k
- Revenue
- $37.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Fayette, MO
- Founding
- 02/2001
- Data as of
- 12/2021
- EIN
- 04-3663360
Organization Overview
Fayette Main St Inc is located in Fayette, MO. The organization was established in 2001. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fayette Main St Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Fayette Main St Inc generated $37.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (36.6%) each year. All expenses for the organization totaled $58.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FAYETTE MAIN STREET, INC. IS A NOT-FOR-PROFIT, 501(C)(3) ORGANIZATION WITH THE MAIN PURPOSE OF DEVELOPING AND IMPLEMENTING A COMPREHENSIVE HISTORIC PRESERVATION-BASED, ECONOMIC DEVELOPMENT STRATEGY FOR REVITALIZING DOWNTOWN FAYETTE USING THE MAIN STREET FOUR-POINT APPROACH AS FORMULATED BY THE NATIONAL TRUST OF HISTORIC PRESERVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOP, MAINTAIN AND PRESERVE HISTORIC DOWNTOWN FAYETTE, MO
DEVELOP, MAINTAIN AND PRESERVE HISTORIC DOWNTOWN FAYETTE, MO
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deanna Cooper Vice Preside | Officer | $0 | |
Kyle Elliott President | Officer | 10 | $0 |
Scott Queen Secretary | Officer | $0 | |
Cara Owings Trustee/dire | Trustee | $0 | |
Landon Ball Trustee/dire | Trustee | $0 | |
Greg Thurman Officer | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,859 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,859 |
| Total Program Service Revenue | $0 |
| Investment income | $912 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,771 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,145 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,068 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,464 |
| Advertising and promotion | $238 |
| Office expenses | $4,695 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,900 |
| Travel | $222 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $658 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,238 |
| Insurance | $1,258 |
| All other expenses | $442 |
| Total functional expenses | $58,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,677 |
| Savings and temporary cash investments | $215,192 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $47,574 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $225 |
| Total assets | $273,668 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $974 |
| Total liabilities | $974 |
| Net assets without donor restrictions | $272,694 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $273,668 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Fayette Main St Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Lpl Financial Foundation Inc Boston, MA PURPOSE: OPERATIONAL SUPPORT | $250 |
Lpl Financial Foundation Inc Boston, MA PURPOSE: OPERATIONAL SUPPORT | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
World Business Chicago Chicago, IL | $9,302,792 | $9,942,081 |
Enlace Chicago Chicago, IL | $7,912,354 | $9,016,287 |
Carter Street Corporation Chattanooga, TN | $16,714,346 | $6,596,539 |
Enterprise Center Inc Chattanooga, TN | $3,677,488 | $5,998,300 |
White River Planning & Development Dist Inc Batesville, AR | $13,868,468 | $4,307,468 |
Metafund Corporation Edmond, OK | $30,699,805 | $2,775,325 |
Far South Cdc Chicago, IL | $4,303,074 | $2,694,787 |
Sfs Development Inc Oklahoma City, OK | $22,888,253 | $6,807,080 |
Enterprise Center Of Johnson County Overland Park, KS | $1,026,412 | $1,656,304 |
Wepower Saint Louis, MO | $83,554 | $1,807,746 |
Capitalplus Exchange Corporation Skokie, IL | $2,405,541 | $1,079,242 |
Catalytic Development Funding Corp Of Northern Kentucky Covington, KY | $17,082,435 | $2,043,108 |