Main Street Medina
- Assets
- $212.2k
- Revenue
- $252.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Medina, OH
- Founding
- 06/2008
- Data as of
- 12/2021
- EIN
- 26-1802645
Organization Overview
Main Street Medina is located in Medina, OH. The organization was established in 2008. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Main Street Medina employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Main Street Medina 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, Main Street Medina generated $252.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $174.9k during the year ending 12/2021. While expenses have increased by 6.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MAIN STREET MEDINA'S MISSION IS TO FOCUS ON REVITALIZATION EFFORTS ON THE CENTRAL BUSINESS DISTRICT AROUND THE HISTORIC SQUARE BY SPONSORING EXCITING EVENTS AND PROGRAMS, SUPPORTING COMMUNITY BASED DEVELOPMENT, RECRUITING NEW BUSINESSES TO THE SQUARE WHILE SUPPORTING EXISTING BUSINESSES AND IMPROVING THE QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORED EVENTS ON THE SQUARE FOR RETENTION AND DEVELOPMENT OF BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Wiederhold Former Ex Director | Officer | 40 | $61,036 |
George Sam Interim Ex Director | Officer | 40 | $19,724 |
Eric Stasiowski Chairperson | OfficerTrustee | 1 | $0 |
Kevin Rych Treasurer | OfficerTrustee | 1 | $0 |
Kimberly Marshall Director | OfficerTrustee | 1 | $0 |
Brad Root Vice Chairperson | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $73,620 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $44,235 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,545 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $159,400 |
| Total Program Service Revenue | $0 |
| Investment income | $50 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $50,902 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,270 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $252,748 |
| 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. | $61,036 |
| Compensation of current officers, directors, key employees. | $30,518 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,976 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,866 |
| Payroll taxes | $9,682 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,594 |
| Office expenses | $1,471 |
| Information technology | $4,007 |
| Royalties | $0 |
| Occupancy | $8,246 |
| Travel | $492 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $229 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,128 |
| All other expenses | $4,290 |
| Total functional expenses | $174,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,956 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,201 |
| 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 | $6,064 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $212,221 |
| Accounts payable and accrued expenses | $5,536 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,536 |
| Net assets without donor restrictions | $206,685 |
| Net assets with donor restrictions | $0 |
| 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 | $212,221 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Main Street Medina has recieved totaling $8,500.
| Awarding Organization | Amount |
|---|---|
Cleveland Clinic Foundation Independence, OH PURPOSE: HEALTHCARE RESEARCH & EDUCATION | $7,500 |
Westfield Insurance Foundation Westfield Center, OH PURPOSE: MEMBERSHIP | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Urban Affairs Coalition Philadelphia, PA | $25,704,306 | $97,554,481 |
Impact Community Action Columbus, OH | $17,964,278 | $51,062,093 |
Reinvestment Fund Inc Philadelphia, PA | $609,259,384 | $44,624,452 |
Akron Summit Community Action Agency Akron, OH | $9,053,133 | $31,825,266 |
Hocking-Athens Perry Community Action Glouster, OH | $22,374,760 | $30,742,269 |
Capital Area Community Services Inc Lansing, MI | $6,281,706 | $28,298,422 |
Indianapolis Foundation Inc Indianapolis, IN | $352,748,809 | $43,731,535 |
Blueprints Washington, PA | $9,542,152 | $23,150,876 |
Pennyrile Allied Community Services Inc Hopkinsville, KY | $9,618,726 | $22,758,893 |
Jumpstart Inc Cleveland, OH | $82,356,707 | $21,511,113 |
Lexington Center Corporation Lexington, KY | $378,439,328 | $16,156,810 |
Corporation For Ohio Appalachian Development Athens, OH | $7,078,759 | $21,339,241 |