Connecticut Main Street Center Inc
- Assets
- $998.2k
- Revenue
- $466.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Hartford, CT
- Founding
- 08/2000
- Data as of
- 06/2021
- EIN
- 06-1563290
Organization Overview
Connecticut Main Street Center Inc is located in Hartford, CT. The organization was established in 2000. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Connecticut Main Street Center Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut Main Street Center 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 06/2021, Connecticut Main Street Center Inc generated $466.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $347.5k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 7 years. 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
COMMUNITY REVITALIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES TECHNICAL ASSISTANCE FOR DOWNTOWN REVITALIZATION TO COMMUNITIES IN CONNECTICUT AND EDUCATES COMMUNITIES ON THE BENEFITS OF THE MAIN STREET APPROACH.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Mcmahon President And CEO | Officer | 40 | $0 |
Ryan Bingham Vice Chair | Officer | 1 | $0 |
Ryan Friedman Treasurer | Officer | 1 | $0 |
Michael Andreana Chair | Officer | 1 | $0 |
Diana Deng Secretary | Officer | 1 | $0 |
Laura Pirie Stewardship Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $414,082 |
| Investment income | $569 |
| 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 | $466,056 |
| Statement of Expenses | |
|---|---|
| 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. | $88,833 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $151,298 |
| Pension plan accruals and contributions | $8,990 |
| Other employee benefits | $23,706 |
| Payroll taxes | $17,913 |
| 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 | $18,280 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $347,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,802 |
| Savings and temporary cash investments | $235,860 |
| 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 | $750,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,524 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $998,186 |
| Accounts payable and accrued expenses | $12,133 |
| Grants payable | $0 |
| Deferred revenue | $1,185 |
| 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 | $861,715 |
| Other liabilities | $0 |
| Total liabilities | $875,033 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $123,153 |
Grants Awarded
Over the last fiscal year, Connecticut Main Street Center Inc has awarded $80,400 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
New Haven, CT PURPOSE: Historic preservation | $20,000 |
BRIDGEPORT DOWNTOWN SPECIAL SERVICE DISTRICT PURPOSE: Historic preservation | $10,400 |
CITY OF NEW BRITAIN PURPOSE: Historic preservation | $10,000 |
TOWN OF CANTON PURPOSE: Historic preservation | $10,000 |
TOWN OF HADDAM PURPOSE: Historic preservation | $10,000 |
TOWN OF FAIFIELD PURPOSE: Historic preservation | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Connecticut Main Street Center Inc has recieved totaling $3,755.
| Awarding Organization | Amount |
|---|---|
Farmington Bank Community Foundation Inc Hartford, CT PURPOSE: TRANSITION GRANT | $3,750 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brooklyn Navy Yard Development Corporation Brooklyn, NY | $543,633,704 | $68,378,369 |
Cent For Urban Community Svcs New York, NY | $78,734,129 | $72,768,234 |
The Community Preservation Corporation New York, NY | $1,407,109,282 | $65,839,600 |
Quincy Community Action Programs Inc Quincy, MA | $14,865,186 | $43,148,267 |
Westchester Community Opportunity Program Inc Elmsford, NY | $7,932,264 | $37,716,573 |
St Nicks Alliance Corp Brooklyn, NY | $44,353,994 | $35,596,992 |
National Council For Community Development Inc Brooklyn, NY | $24,193,687 | $38,165,020 |
The Community Action Organization Of Western New York Inc Buffalo, NY | $11,956,609 | $31,001,421 |
Community Action Pioneer Valley Inc Greenfield, MA | $7,969,732 | $29,838,934 |
Citizens For Citizens Inc Fall River, MA | $12,279,316 | $29,399,731 |
The Mayors Fund To Advance New York City New York, NY | $28,518,749 | $18,611,480 |
South Shore Community Action Council Inc Plymouth, MA | $12,504,709 | $24,231,175 |