Raton Main Street Inc
- Assets
- $112.7k
- Revenue
- $295.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Raton, NM
- Founding
- 05/2007
- Data as of
- 06/2022
- EIN
- 06-1752562
Organization Overview
Raton Main Street Inc is located in Raton, NM. The organization was established in 2007. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raton Main Street 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 06/2022, Raton Main Street Inc generated $295.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $233.2k during the year ending 06/2022. While expenses have increased by 15.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF LIFE OF RATON, NM BY: REVITALIZING RATON'S DOWNTOWN HISTORIC AREA, PROMOTING ECONOMIC SUSTAINABILITY AND GROWTH, ENHANCING RATON'S CULTURAL, HISTORICAL, AND COMMUNITY HERITAGE, AND PROMOTING TOURISM IN RATON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICE EVENTS AND ACTIVITIES INCLUDING: BALLOON FESTIVAL, GATE CITY MUSIC FESTIVAL, CARNIVAL, RATONOPOLY, WITCH WALK, MUSIC ON MAIN STREET, AND OTHER ACTIVITES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Ferri Executive Director | Officer | 40 | $46,889 |
Serena Lannon Director | Trustee | 1 | $0 |
Christine Valentine President | Trustee | 1.5 | $0 |
Devin Barton Vice President | Trustee | 1 | $0 |
Robert Jones Treasurer | Trustee | 1 | $0 |
Rebecca Sakelaris Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,908 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $161,394 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,302 |
| Total Program Service Revenue | $131,299 |
| Investment income | $0 |
| 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 | $295,601 |
| 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. | $46,889 |
| Compensation of current officers, directors, key employees. | $46,889 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,962 |
| Payroll taxes | $3,700 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,982 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37 |
| Advertising and promotion | $145 |
| Office expenses | $2,615 |
| 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 | $2,753 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,483 |
| All other expenses | $0 |
| Total functional expenses | $233,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,720 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $112,720 |
| Accounts payable and accrued expenses | -$88 |
| 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 | $0 |
| Total liabilities | -$88 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $62,447 |
| Total liabilities and net assets/fund balances | $112,720 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Raton Main Street Inc has recieved totaling $2,005.
| Awarding Organization | Amount |
|---|---|
George Macaron Family Charitable Foundation Raton, NM PURPOSE: CONTRIBUTION IN SUPPORT OF ENTITY | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Avance Inc San Antonio, TX | $11,319,048 | $60,395,226 |
Operation Homefront Inc San Antonio, TX | $30,804,944 | $40,861,039 |
Gulf Coast Community Services Assn Inc Houston, TX | $4,457,612 | $33,824,576 |
Hill Country Community Action Association Inc San Saba, TX | $4,864,839 | $26,700,596 |
Community Development Institute Kansas Denver, CO | $25,496,430 | $27,631,308 |
El Paso Community Action Program Project Bravo Inc El Paso, TX | $2,433,349 | $16,653,742 |
Abilene Improvement Corporation Abilene, TX | $4,300,132 | $16,087,347 |
Waterloo Greenway Conservancy Austin, TX | $14,294,713 | $19,654,960 |
Avance Inc San Antonio, TX | $3,341,095 | $14,922,059 |
Urban Land Conservancy Denver, CO | $141,352,888 | $31,846,899 |
First Colony Community Services Association Inc Sugar Land, TX | $19,403,817 | $10,458,068 |
Community Council Of South Central Seguin, TX | $2,045,180 | $10,473,350 |