Main Street Arts
- Assets
- $1.4m
- Revenue
- $15.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Saxtons River, VT
- Founding
- 08/1988
- Data as of
- 06/2024
- EIN
- 22-2888176
Organization Overview
Main Street Arts is located in Saxtons River, VT. The organization was established in 1988. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Main Street Arts 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 06/2024, Main Street Arts generated $15.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (38.8%) each year. All expenses for the organization totaled $17.9k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (32.0%) 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
MAIN STREET ARTS STRENGTHENS PERSONAL AND COMMUNITY WELL-BEING THROUGH DIVERSE ARTS EXPERIENCES AND SOCIAL CONNECTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAIN STREET ARTS OFFERS WELL-DEVELOPED PROGRAMS FOR CHILDREN, ADULTS, AND SENIORS LED BY EXPERIENCED TEACHING ARTISTS. MAJOR PROGRAM INCLUDE THEATER, MUSIC, VISUAL ARTS, DANCE AND CREATIVE AGING. FACILITIES ARE AVAILABLE FOR RENTALS AND COMMUNITY EVENTS. TO EXTEND ACCESS TO ARTS PROGRAMS, MSA PARTNERS WITH SENIOR SOLUTIONS, ROCKINGHAM FREE PUBLIC LIBRARY, AND WINDHAM NE SUPERVISORY UNION SCHOOL SYSTEM.
MAIN STREET ARTS OFFERS WELL-DEVELOPED PROGRAMS FOR CHILDREN, ADULTS, AND SENIORS LED BY EXPERIENCED TEACHING ARTISTS. MAJOR PROGRAM INCLUDE THEATER, MUSIC, VISUAL ARTS, DANCE AND CREATIVE AGING. FACILITIES ARE AVAILABLE FOR RENTALS AND COMMUNITY EVENTS. TO EXTEND ACCESS TO ARTS PROGRAMS, MSA PARTNERS WITH SENIOR SOLUTIONS, ROCKINGHAM FREE PUBLIC LIBRARY, AND WINDHAM NE SUPERVISORY UNION SCHOOL SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Still Chairman | OfficerTrustee | 0 | $0 |
Alan Fowler Treasurer | OfficerTrustee | 0 | $0 |
Maryann Mcardle Secretary | OfficerTrustee | 0 | $0 |
Rick Cowan Director | Trustee | 0 | $0 |
Rick Mceachern Director | Trustee | 0 | $0 |
Sam Howard Director | 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 | $5,546 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,546 |
| Total Program Service Revenue | $9,997 |
| 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 | $15,543 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,087 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,014 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $350 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $17,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,920 |
| 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 | $1,289,851 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,370,771 |
| Accounts payable and accrued expenses | $1,957 |
| 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 | $105,671 |
| Other liabilities | $3,755 |
| Total liabilities | $109,426 |
| Net assets without donor restrictions | $1,231,845 |
| Net assets with donor restrictions | $29,500 |
| 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 | $1,370,771 |