Main Street Gloucester Preservation Trust
- Assets
- $4.5m
- Revenue
- $669.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Gloucester, VA
- Founding
- 09/2011
- Data as of
- 12/2021
- EIN
- 20-2744649
Organization Overview
Main Street Gloucester Preservation Trust is located in Gloucester, VA. The organization was established in 2011. 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. Main Street Gloucester Preservation Trust is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Main Street Gloucester Preservation Trust generated $669.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $412.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Main Street Gloucester Preservation Trust has awarded 20 individual grants totaling $675,971. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE BUSINESS DEVELOPMENT IN DOWNTOWN GLOUCESTER, VA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE BUSINESS IN DOWNTOWN GLOUCESTER, VA THROUGH ADVERTISING AND VARIOUS PROMOTIONAL EFFORTS
TO PROMOTE BUSINESS IN DOWNTOWN GLOUCESTER, VA THROUGH ADVERTISING AND VARIOUS PROMOTIONAL EFFORTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenny Crittenden Executive Director | Officer | 40 | $108,351 |
Cristie Thomas Executive Director | Officer | 40 | $5,096 |
James Dudley Board Member | Trustee | 0 | $0 |
Rick Pearce Chairman | Trustee | 0 | $0 |
Joe Fary Board Member | Trustee | 0 | $0 |
Angie Healy Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $639 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $620,969 |
| Net Gain/Loss on Asset Sales | $16,932 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $669,746 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $98,970 |
| 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. | $113,447 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $9,402 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,223 |
| Fees for services: Management | $4,900 |
| Fees for services: Legal | $24,076 |
| Fees for services: Accounting | $3,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $30,721 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,908 |
| 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 | $3,073 |
| All other expenses | $0 |
| Total functional expenses | $412,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,642,726 |
| 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 | $2,902,024 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,544,750 |
| Accounts payable and accrued expenses | $22,255 |
| 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 | $28,580 |
| Total liabilities | $50,835 |
| 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 | $4,493,915 |
| Total liabilities and net assets/fund balances | $4,544,750 |
Grants Awarded
Over the last fiscal year, Main Street Gloucester Preservation Trust has awarded $181,040 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
GLOUCESTER MAIN STREET ASSOCIATION PURPOSE: PROMOTE HISTORIC GLOUCESTER MAIN STREET, PLAN AND IMPLEMENT EVENTS AND ATTRACT ADDITIONAL BUSINESSES AND RESIDENTS. | $52,520 |
GLOUCESTER MAIN STREET ASSOCIATION PURPOSE: PROMOTE HISTORIC GLOUCESTER MAIN STREET, PLAN AND IMPLEMENT EVENTS AND ATTRACT ADDITIONAL BUSINESSES AND RESIDENTS. | $52,520 |
Foster, VA PURPOSE: TO SUPPORT ORGANIZATION'S TAX-EXEMPT PURPOSE FOR ECONOMIC DEVELOPMENT OF THE GLOUCESTER COUNTY AREA. | $25,000 |
Foster, VA PURPOSE: TO SUPPORT ORGANIZATION'S TAX-EXEMPT PURPOSE FOR ECONOMIC DEVELOPMENT OF THE GLOUCESTER COUNTY AREA. | $25,000 |
Gloucester, VA PURPOSE: TO SUPPORT THE ORGANIZATION'S TAX EXEMPT PURPOSE TO SUPPORT THE ARTS IN GLOUCESTER, VA | $13,000 |
Gloucester, VA PURPOSE: TO SUPPORT THE ORGANIZATION'S TAX EXEMPT PURPOSE TO SUPPORT THE ARTS IN GLOUCESTER, VA | $13,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
4mycity Inc Taneytown, MD | $269,763 | $70,588,044 |
Columbia Association Inc Columbia, MD | $168,635,825 | $73,239,829 |
Latino Economic Development Corporation Of Washington Dc Washington, DC | $21,296,549 | $55,386,095 |
Kennedy Krieger Education And Community Services Inc Baltimore, MD | $14,340,565 | $48,121,720 |
Mosaic Community Services Inc Timonium, MD | $34,184,592 | $47,201,258 |
Community Of Hope Inc Washington, DC | $67,233,523 | $40,561,982 |
Christian Community Development Corporation Inc Memphis, TN | $275,024,548 | $28,566,509 |
Upper East Tennessee Human Development Agency Kingsport, TN | $7,143,102 | $23,146,809 |
Pennyrile Allied Community Services Inc Hopkinsville, KY | $9,618,726 | $22,758,893 |
Hampton Roads Community Action Program Inc Newport News, VA | $4,977,691 | $24,100,051 |
Northwest Tennessee Economic Development Council Dresden, TN | $2,980,191 | $21,895,121 |
Lexington Center Corporation Lexington, KY | $378,439,328 | $16,156,810 |