Abingdon Main Street Inc
- Assets
- $19.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Abingdon, VA
- Founding
- 09/2008
- Data as of
- 06/2020
- EIN
- 26-0873176
Organization Overview
Abingdon Main Street Inc is located in Abingdon, VA. The organization was established in 2008. According to its NTEE Classification (S30) the organization is classified as: Economic 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. Abingdon Main Street 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 06/2020, Abingdon Main Street Inc generated $43.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $56.6k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
PROMOTE A PHYSICALLY AND ECONIMICALLY STRONG DOWNTOWN CORE BUSINESSES, HOUSING AND RETAIL THROUGH ECONOMIC STRUCTURING, BEAUTIFICATION EFFORTS AND REVITALIZATION ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Baxter Employee | 10 | $3,550 | |
Hannah Ingram Director | 2 | $0 | |
Nicole Childress Treasurer | 20 | $0 | |
Gregory Woods Director | 1 | $0 | |
Douglas Beaty Director | 1 | $0 | |
George Price Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,907 |
| Total Program Service Revenue | $18,240 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $43,147 |
| Statement of Expenses | |
|---|---|
| Total expenses | $56,603 |
| Balance Sheet | |
|---|---|
| Total assets | $19,141 |
| Total liabilities | $0 |
| Net assets or fund balances | $19,141 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Baltimore Development Inc Baltimore, MD | $12,751,192 | $30,262,944 |
Nash-Edgecombe Economic Development Inc Rocky Mount, NC | $2,214,551 | $9,450,498 |
Alexandria Economic Development Partnership Inc Alexandria, VA | $1,919,174 | $9,268,061 |
Montgomery County Economic Development Corporation Rockville, MD | $2,827,028 | $7,933,113 |
The Center For Kentucky Rural Economic Development Inc Somerset, KY | $52,726,644 | $7,680,890 |
Kentucky Highlands Investment Corporation London, KY | $130,461,604 | $9,285,837 |
National Skills Coalition Washington, DC | $13,426,049 | $8,828,304 |
Richmond Metropolitan Convention & Vistors Bureau Richmond, VA | $6,099,091 | $8,138,093 |
Salisbury Wicomico Economic Development Inc Salisbury, MD | $1,249,911 | $5,424,669 |
Knoxville Convention & Visitors Bureau Inc Knoxville, TN | $5,768,468 | $5,619,069 |
Ohio Valley Industrial And Business Development Corporation Wheeling, WV | $52,241,804 | $7,887,097 |
Tri-County Council For Southern Maryland Hughesville, MD | $3,701,278 | $4,380,488 |