Main Street Historic Chestertown
- Assets
- $40.6k
- Revenue
- $193.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Chestertown, MD
- Founding
- 07/2010
- Data as of
- 06/2022
- EIN
- 27-0498764
Organization Overview
Main Street Historic Chestertown is located in Chestertown, MD. The organization was established in 2010. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Main Street Historic Chestertown 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 06/2022, Main Street Historic Chestertown generated $193.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 30.1% each year . All expenses for the organization totaled $244.8k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOSTER AN INVITING, DIVERSE AND PROSPEROUS DOWNTOWN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACILITATED AN INCREASE IN THE NUMBER & VARIETY OF SUCCESSFUL DOWNTOWN BUSINESSES BY PROMOTING & SUPPORTING A DIVERSE RANGE OF EDUCATIONAL, CULTURAL,ENTERTAINMENT & RECREATIONAL ACTIVITIES THAT ATTRACTED BOTH RESIDENTS & VISTORS TO DOWNTOWN. ENHANCED DOWNTOWN'S STREETSCAPES & WATERFRONT TO CREATE AN INVITING LIVING & WORKING ENVIRONMENT TO ENCOURAGE AN INCREASE IN THE NUMBER OF DOWNTOWN RESIDENTS.
FACILITATED AN INCREASE IN THE NUMBER & VARIETY OF SUCCESSFUL DOWNTOWN BUSINESSES BY PROMOTING & SUPPORTING A DIVERSE RANGE OF EDUCATIONAL, CULTURAL, ENTERTAINMENT & RECREATIONAL ACTIVITIES THAT ATTRACTED BOTH RESIDENTS & VISTORS TO DOWNTOWM. ENHANCED DOWNTOWN'S STREETSCAPES & WATERFRONT TO CREATE AN INVITING LIVING & WORKING ENVIRONMENT TO ENCOURAGE AN INCREASE IN THE NUMBER OF DOWNTOWN RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Forrest Treasurer | OfficerTrustee | 3 | $0 |
Renee Bench Vice Preside | OfficerTrustee | 1 | $0 |
Kristen Owens President | OfficerTrustee | 4 | $0 |
Sarah Wright Secretary | OfficerTrustee | 1 | $0 |
Paul Heckles Past Preside | Trustee | 3 | $0 |
John Hutchison Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,070 |
| All other contributions, gifts, grants, and similar amounts not included above | $98,252 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $148,322 |
| Total Program Service Revenue | $44,920 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $193,242 |
| 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 | $62,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,134 |
| 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 | $71,773 |
| Advertising and promotion | $28,014 |
| Office expenses | $7,642 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,439 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,991 |
| All other expenses | $0 |
| Total functional expenses | $244,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,900 |
| Savings and temporary cash investments | $0 |
| 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 | $1,737 |
| 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 | $40,637 |
| Accounts payable and accrued expenses | $4,462 |
| 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 | $1,791 |
| Total liabilities | $6,253 |
| Net assets without donor restrictions | $34,384 |
| 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 | $40,637 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Main Street Historic Chestertown has recieved totaling $13,505.
| Awarding Organization | Amount |
|---|---|
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL SUPPORT | $12,000 |
Fordi Family Foundation Inc Annapolis, MD PURPOSE: TO FOSTER & SUPPORT DONEE'S CHARITABLE MANDATE | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Confederation Of Indian Industry Arlington, VA | $74,359,377 | $45,402,839 |
Ukraine House Dc Foundation Inc Washington, DC | $1,061,730 | $19,720,781 |
Chinese Culture And Community Service Center Inc Gaithersburg, MD | $7,709,480 | $10,886,588 |
Kutztown University Foundation Kutztown, PA | $74,779,996 | $14,561,087 |
Association Of Science-Technology Centers Incorporated Washington, DC | $7,016,883 | $7,242,482 |
National Indian Gaming Association Washington, DC | $8,458,922 | $8,172,394 |
Greater Philadelphia Falun Dafa Association Philadelphia, PA | $1,063,316 | $4,579,656 |
Saudi Arabian U S Business Council Inc Vienna, VA | $3,546,346 | $2,319,248 |
Qatar-America Institute Washington, DC | $5,645,634 | $216,792 |
National Italian American Foundation Inc Washington, DC | $11,046,552 | $2,585,652 |
Center For Black Educator Development Elkins Park, PA | $576,593 | $2,351,434 |
Arab Center Washington Inc Washington, DC | $1,324,287 | $2,306,023 |