Troy Main Street Inc
- Assets
- $293.2k
- Revenue
- $195.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Troy, OH
- Founding
- 09/1995
- Data as of
- 12/2022
- EIN
- 31-1301818
Organization Overview
Troy Main Street Inc is located in Troy, OH. The organization was established in 1995. 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 12/2022, Troy Main Street Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Troy 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, Troy Main Street Inc generated $195.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $123.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 8 years. 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
TO PROVIDE FOR THE CONTINUED ECONOMIC AND ARCHITECTURAL SOUNDNESS OF THE DOWNTOWN AREA OF THE CITY OF TROY, OHIO,WITH A COMPREHENSIVE REVITALIZATION STRATEGY TO STIMULATE ECONOMIC DEVELOPMENT AND TO ACT AS LIAISON BETWEEN THE DOWNTON BUSINESSES AND LOCAL GOVERNMENT. THE MISSION OF TROY MAIN STREET IS TO COORDINATE THE EFFORTS OF ALL THOSE DEDICATED TO MAKING DOWNTOWN TROY A BETTER PLACE TO LIVE, WORK, SHOP, CELEBRATE, AND INVEST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022 TROY MAIN STREET PLACED 52 POTS FILLED WITH FLOWERS ALONG DOWNTOWN SIDEWALKS AND STOREFRONTS; PARTNERED WITH OVER 20 LOCAL NON-PROFIT ORGANIZATIONS TO INCREASE THEIR EXPOSURE, KEEP THE DOWNTOWN LITTER FREE, AND OFFER ACTIVITIES TO THE COMMUNITY; CREATED GUIDELINES FOR A MURAL PROGRAM THAT WILL BE IMPLEMENTED IN 2023; WORKED WITH THE CITY OF TROY TO IMPLEMENT A FAADE GRANT PROGRAM FOR DOWNTOWN BUSINESSES; SURVEYED OUR DOWNTOWN BUSINESSES TO SEE HOW THE DORA WAS WORKING AND WHAT CHANGES WOULD BE HELPFUL AND RECOMMENDED THOSE CHANGES TO THE TROY CITY COUNCIL; WORKED WITH CITY STAFF TO HELP REWRITE THE DESIGN GUIDELINES USED BY THE CITYS PLANNING COMMISSION. IN 2022, TROY MAIN STREET ALSO HOSTED 40 DAYS OF EVENTS INCLUDING: FIRST FRIDAY EVENTS EVERY MONTH THE CHOCOLATE WALK FRIDAYS ON PROUTY CONCERTS NONPROFIT NIGHT HOMETOWN HALLOWEEN ENCHANTED WONDERLAND WEEKEND SANTA HOUSE VISITS VOLUNTEER INFORMATION: IN 2022, TROY MAIN STREET VOLUNTEERS, SPENT OVER 1,346 HOURS VOLUNTEERING WITH TROY MAIN STREET TO HELP PLAN AND HOST EVENTS, CLEAN UP DOWNTOWN, SERVE AS BOARD MEMBERS, ETC. IN 2022, TROY MAIN STREET GAINED 3 NEW VOLUNTEERS. IN 2022 TROY MAIN STREET WAS ONCE AGAIN ACCREDITED AS A NATIONALLY RECOGNIZED MAIN STREET PROGRAM THROUGH HERITAGE OHIO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Begg Vice-Pres. | OfficerTrustee | 1 | $0 |
Michael Brendel Director | Trustee | 1 | $0 |
Dustin Fisher Director | Trustee | 1 | $0 |
David Fong Director | Trustee | 1 | $0 |
Joseph Graves Director | Trustee | 1 | $0 |
Beth Kerber Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $191,583 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $191,583 |
| Total Program Service Revenue | $0 |
| Investment income | $3,482 |
| 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 | $195,065 |
| 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 | $57,047 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,110 |
| Payroll taxes | $5,201 |
| 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 | $4,272 |
| Office expenses | $730 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,740 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,209 |
| All other expenses | $1,257 |
| Total functional expenses | $123,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,998 |
| Savings and temporary cash investments | $282,179 |
| 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 | $0 |
| 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 | $293,177 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $293,177 |
| Total liabilities and net assets/fund balances | $293,177 |