Laramie Main Street Alliance
- Assets
- $3.1m
- Revenue
- $290.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Laramie, WY
- Founding
- 04/2007
- Data as of
- 12/2023
- EIN
- 20-3701712
Organization Overview
Laramie Main Street Alliance is located in Laramie, WY. The organization was established in 2007. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Laramie Main Street Alliance employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laramie Main Street Alliance 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 12/2023, Laramie Main Street Alliance generated $290.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $294.4k during the year ending 12/2023. While expenses have increased by 8.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE LARAMIE MAIN STREET ALLIANCE STRIVES TO PRESERVE HISTORIC DOWNTOWN LARAMIE BY ENHANCING ITS ECONOMIC AND SOCIAL VITALITY. THE ALLIANCE ACCOMPLISHES THIS MISSION BY UTILIZING THE FOUR-POINT APPROACH DEVELOPED BY THE NATIONAL TRUST FOR HISTORIC PRESERVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FOSTER, STIMULATE, DEVELOP, AND ADVANCE THE ECONOMIC AND SOCAIL VITALITY OF DOWNTOWN LARAMIE, WHILE ACCENTURATING ITS UNIQUE HERITAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Sherwood Executive Di | OfficerTrustee | 40 | $53,456 |
Chaz Avila Chair | OfficerTrustee | 4 | $0 |
Jessica Brauer Vice Chair | OfficerTrustee | 3 | $0 |
Jennie Hedrick Secretary | OfficerTrustee | 2 | $0 |
Katelyn Heller Board Member | Trustee | 2 | $0 |
Deb Ross Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $62,046 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,231 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,277 |
| Total Program Service Revenue | $203,908 |
| Investment income | $18,757 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$10,804 |
| 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 | $290,138 |
| 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. | $53,456 |
| Compensation of current officers, directors, key employees. | $17,055 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,034 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,444 |
| Payroll taxes | $7,492 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,683 |
| Fees for services: Other | $63,382 |
| Advertising and promotion | $12,816 |
| Office expenses | $26,391 |
| Information technology | $2,160 |
| Royalties | $541 |
| Occupancy | $7,918 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,644 |
| Interest | $85 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,496 |
| All other expenses | $0 |
| Total functional expenses | $294,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $294,082 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,775 |
| 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 | $2,103,307 |
| Investments—publicly traded securities | $640,959 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $300 |
| Total assets | $3,054,423 |
| Accounts payable and accrued expenses | $10,900 |
| 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 | $568,010 |
| Other liabilities | $68,220 |
| Total liabilities | $647,130 |
| Net assets without donor restrictions | $1,991,498 |
| Net assets with donor restrictions | $415,795 |
| 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 | $3,054,423 |