Main Street Middletown Md Inc
- Assets
- $379.4k
- Revenue
- $456.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Middletown, MD
- Founding
- 05/2012
- Data as of
- 06/2021
- EIN
- 26-4781800
Organization Overview
Main Street Middletown Md Inc is located in Middletown, MD. The organization was established in 2012. 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. Main Street Middletown MD 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 06/2021, Main Street Middletown MD Inc generated $456.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 38.8% each year . All expenses for the organization totaled $288.9k during the year ending 06/2021. While expenses have increased by 45.4% per year over the past 4 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
PRESERVATION BASED ECONOMIC DEVELOPMENT PROGRAM
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAIN STREET MIDDLETOWN MD INC. IS AN ORGANIZATION THAT WAS FORMED TO HELP PRESERVE, PROMOTE, AND ENCOURAGE APPROPRIATE DEVELOPMENT OF THE HISTORICAL TOWN OF MIDDLETOWN, MD. A FACADE IMPROVEMENT FUND HAS BEEN ESTABLISHED WHICH ASSISTED WITH ITS FIRST HISTORIC PRESERVATION PROJECT IN THE CURRENT YEAR. THE ORGANIZATION HAS ALSO HOSTED QUARTERLY BUSINESS MIXERS AND PROMOTED THE DOWNTOWN BUSINESS DISTRICT IN CONJUNCTION WITH ALL OF THE ORGANIZATIONS OTHER ACTIVITIES.
MAIN STREET MIDDLETOWN MD INC. IS AN ORGANIZATION THAT WAS FORMED TO HELP PRESERVE, PROMOTE, AND ENCOURAGE APPROPRIATE DEVELOPMENT OF THE HISTORICAL TOWN OF MIDDLETOWN, MD. A FACADE IMPROVEMENT FUND HAS BEEN ESTABLISHED WHICH ASSISTED WITH ITS FIRST HISTORIC PRESERVATION PROJECT IN THE CURRENT YEAR. THE ORGANIZATION HAS ALSO HOSTED QUARTERLY BUSINESS MIXERS AND PROMOTED THE DOWNTOWN BUSINESS DISTRICT IN CONJUNCTION WITH ALL OF THE ORGANIZATIONS OTHER ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gretchen Gawler Secretary | OfficerTrustee | 5 | $0 |
Lacey Gordon Treasurer | OfficerTrustee | 5 | $0 |
Jim Hoover President | OfficerTrustee | $0 | |
Janet Fox Trustee | Trustee | 5 | $0 |
Sean O'keefe Trustee | Trustee | 5 | $0 |
Monica Hauser Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $410,292 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,162 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $448,454 |
| Total Program Service Revenue | $0 |
| 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 | $6,766 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $455,977 |
| 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 | $36,847 |
| Office expenses | $6,790 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,367 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $99 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,665 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $288,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,753 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $14,318 |
| Accounts receivable, net | $59,334 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,632 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $204,551 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $817 |
| Other assets | $0 |
| Total assets | $379,405 |
| Accounts payable and accrued expenses | $53 |
| 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 | $8,446 |
| Total liabilities | $8,499 |
| Net assets without donor restrictions | $370,906 |
| 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 | $379,405 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Main Street Middletown Md Inc has recieved totaling $61,479.
| Awarding Organization | Amount |
|---|---|
Tourism Council Of Frederick County Inc Frederick, MD PURPOSE: TRIPP ADVERTISING & MAIN STREET PROGRAMS | $61,465 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $14 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marshall University Research Corporation Huntington, WV | $66,297,155 | $55,595,334 |
Pidc-Developement Management Corporation Philadelphia, PA | $0 | $30,722,052 |
Calvert Impact Capital Inc Bethesda, MD | $679,643,317 | $23,234,500 |
Delaware River Waterfront Corporation Philadelphia, PA | $26,551,411 | $24,883,136 |
T R W I B Inc Pittsburgh, PA | $14,392,055 | $22,959,509 |
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |
Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |
Riverfront Development Corporation Of Delaware Wilmington, DE | $140,150,021 | $1,670,893 |
East Baltimore Development Inc Baltimore, MD | $12,751,192 | $30,262,944 |
Alleghenies Planning And Development Commission Altoona, PA | $25,721,818 | $9,986,298 |
Alexandria Economic Development Partnership Inc Alexandria, VA | $1,919,174 | $9,268,061 |