Lockport Main Street Inc
- Assets
- $25.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lockport, NY
- Founding
- 03/2009
- Data as of
- 12/2022
- EIN
- 26-3838339
Organization Overview
Lockport Main Street Inc is located in Lockport, NY. The organization was established in 2009. 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. Lockport 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 12/2022, Lockport Main Street Inc generated $100.3k 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 (6.0%) each year. All expenses for the organization totaled $101.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 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
2022
Describe the Organization's Program Activity:
Part 3
ENCOURAGE ECONOMIC GROWTH IN THE DOWNTOWN LOCKPORT NY DISTRICT WITHIN THE CONTEXT OF HISTORIC PRESERVATION IN WAYS APPROPRIATE TO TODAY'S MARKETPLACE. FOCUSING PRIMARILY ON A COMPREHENSIVE FOUR-POINT DEVELOPMENT PLAN WHICH INCLUDES DESIGN, ECONOMIC RESTRUCTURING, PROMOTION AND ORGANIZATION, LOCKPORT MAIN STREET, INC. ADVOCATES A RETURN TO COMMUNITY SELF-RELIANCE, LOCAL EMPOWERMENT AND THE REBUILDING OF ITS TRADITIONAL COMMERCIAL DISTRICT BASED ON ITS SERVICE, LOCAL OWNERSHIP AND A SENSE OF COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Arlington President | 0 | $0 | |
Kevin Mcdonough Secretary | 0 | $0 | |
Shelly Unocic Board Member | 0 | $0 | |
Nicole Philips Treasurer | 0 | $0 | |
Brandon Marvin Vice Preside | 0 | $0 | |
Thomas Sy Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,556 |
| Total Program Service Revenue | $73,770 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $100,326 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $20,159 |
| Occupancy, rent, utilities, and maintenance | $9,459 |
| Printing, publications, postage, and shipping | $2,028 |
| Other expenses | $70,120 |
| Total expenses | $101,766 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,407 |
| Other assets | $0 |
| Total assets | $25,639 |
| Total liabilities | $1,977 |
| Net assets or fund balances | $23,662 |