Mainstreet Waynesboro Inc
- Assets
- $988.5k
- Revenue
- $292.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Waynesboro, PA
- Founding
- 03/1998
- Data as of
- 03/2023
- EIN
- 23-2868740
Organization Overview
Mainstreet Waynesboro Inc is located in Waynesboro, PA. The organization was established in 1998. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 03/2023, Mainstreet Waynesboro Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mainstreet Waynesboro 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 03/2023, Mainstreet Waynesboro Inc generated $292.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $310.8k during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (8.3%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE BUSINESS DEVELOPMENT IN DOWNTOWN WAYNESBORO
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION EXISTS TO PROMOTE AND ASSIST BUSINESS DEVELOPMENT IN DOWNTOWN WAYNESBORO, PENNSYLVANIA. THIS IS DONE BY ADMINISTERING AND PROVIDING PROMOTIONAL ACTIVITIES TO DRAW THE PUBLIC TO DOWNTOWN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Powell Director | Trustee | 1 | $0 |
Jamie Baker Director | Trustee | 1 | $0 |
Doug Burkholder Director | Trustee | 1 | $0 |
Brian Cook Director | Trustee | 1 | $0 |
Bob Correll Director | Trustee | 1 | $0 |
Casey Phebus Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $54,807 |
| All other contributions, gifts, grants, and similar amounts not included above | $135,968 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $190,775 |
| Total Program Service Revenue | $100,249 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,650 |
| 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 | $292,675 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,807 |
| 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 | $102,391 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,799 |
| Payroll taxes | $8,196 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,622 |
| Advertising and promotion | $2,461 |
| Office expenses | $2,486 |
| Information technology | $4,178 |
| Royalties | $0 |
| Occupancy | $25,532 |
| Travel | $1,832 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $353 |
| Interest | $149 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,445 |
| Insurance | $4,425 |
| All other expenses | $0 |
| Total functional expenses | $310,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $281,126 |
| Savings and temporary cash investments | $9,436 |
| 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 | $697,967 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $988,529 |
| Accounts payable and accrued expenses | $3,476 |
| 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 | $60,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $63,476 |
| Net assets without donor restrictions | $568,053 |
| Net assets with donor restrictions | $357,000 |
| 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 | $988,529 |