Laramie Main Street Alliance
- Assets
- $2.5m
- Revenue
- $349.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Laramie, WY
- Founding
- 04/2007
- Data as of
- 12/2021
- 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 12/2021, Laramie Main Street Alliance employed 6 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 12/2021, Laramie Main Street Alliance generated $349.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $377.8k during the year ending 12/2021. While expenses have increased by 14.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE LARMIE 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:
TO FOSTER, STIMULATE, DEVELOP, AND ADVANCE THE ECONOMIC AND SOCIAL VITALITY OF DOWNTOWN LARAMIE, WHILE ACCENTUATING ITS UNIQUE HERITAGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Sherwood Executive Director | Officer | 0 | $46,780 |
Chaz Avila Chair | OfficerTrustee | 0 | $0 |
Jodi Shea Treasurer | OfficerTrustee | 0 | $0 |
Sagan Wheeler Vice Chair | OfficerTrustee | 0 | $0 |
Jennie Hedrick Secretary | OfficerTrustee | 0 | $0 |
Shantel Anderson Past Chair | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $59,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $68,565 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $128,465 |
| Total Program Service Revenue | $200,340 |
| Investment income | $14,846 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$10,424 |
| 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 | $349,682 |
| 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. | $46,781 |
| Compensation of current officers, directors, key employees. | $16,506 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,298 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,324 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,973 |
| Advertising and promotion | $16,410 |
| Office expenses | $18,163 |
| Information technology | $1,187 |
| Royalties | $0 |
| Occupancy | $8,837 |
| Travel | $2,852 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $71 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,141 |
| All other expenses | $0 |
| Total functional expenses | $377,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $345,856 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,250 |
| 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 | $1,587,060 |
| Investments—publicly traded securities | $554,453 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $225 |
| Total assets | $2,491,844 |
| 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 | $21,027 |
| Other liabilities | $63,238 |
| Total liabilities | $84,265 |
| Net assets without donor restrictions | $1,853,126 |
| Net assets with donor restrictions | $554,453 |
| 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 | $2,491,844 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Laramie Main Street Alliance has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
Endowment Analysis
| Beg. Balance | $502,521 |
| Earnings | $14,585 |
| Admin Expense | $6,032 |
| Other Expense | $80,000 |
| Ending Balance | $431,074 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northeast Nebraska Community Action Partnership Inc Pender, NE | $3,455,970 | $8,987,958 |
Downtown Denver Inc Denver, CO | $16,400,414 | $3,557,827 |
Ralston House Arvada, CO | $2,291,601 | $1,890,985 |
The Greenway Foundation Inc Denver, CO | $2,809,752 | $1,248,678 |
Mechanical Contractors Association Of Colorado Denver, CO | $0 | $1,885,998 |
Dakota Business Finance Sioux Falls, SD | $1,006,804 | $1,543,251 |
City Impact Lincoln, NE | $4,980,202 | $1,513,731 |
Healthteamworks Golden, CO | $1,108,090 | $1,634,409 |
Idaho Education News Boise, ID | $1,052,875 | $974,404 |
Elk Valley Public Improvement Corporation Highlands Ranch, CO | $260,383 | $338,533 |
Associated General Contractors Of South Dakota Inc Sioux Falls, SD | $849,858 | $976,001 |
Rup Inc Salt Lake City, UT | $1,186,667 | $968,371 |