Main Street Delaware Inc
- Assets
- $350.9k
- Revenue
- $194.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Delaware, OH
- Founding
- 09/2009
- Data as of
- 12/2022
- EIN
- 31-1679916
Organization Overview
Main Street Delaware Inc is located in Delaware, OH. The organization was established in 2009. 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, Main Street Delaware Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Main Street Delaware 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, Main Street Delaware Inc generated $194.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $224.9k during the year ending 12/2022. While expenses have increased by 18.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
REVITALIZE AND PRESERVE DOWNTOWN DELAWARE: RECRUIT NEW BUSINESS, PROMOTIONAL EVENTS, DESIGN ASSISTANCE TO ENCOURAGE BUILDING IMPROVEMENT, MAINTAIN HISTORIC INTEGRITY, PROMOTE UNIQUE AND QUALITY IMAGE, ORGANIZE BEAUTIFICATION PROJECTS, VOLUNTEER OPPORTUNITIES, MARKET DOWNTOWN DELAWARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIRST FRIDAYS - MONTHLY EVENT THAT PROMOTES DOWNTOWN BUSINESSES BY PROVIDING VARIOUS THEMES THAT ARE OF INTEREST TO THE LOCAL COMMUNITY. THE EVENTS DRAW HUNDREDS OF PEOPLE TO THE DOWNTOWN AREA WHO PARTICIPATE IN VARIOUS THEME RELATED ACTIVITIES.
SPECIAL EVENTS - ADDITIONAL PROMOTIONS INCLUDE CONCERT SERIES, CHOCOLATE WALK, ANNUAL DINNER AND DESIGN AWARDS AMONG OTHERS
FARMERS' MARKET - PROVIDE A VENUE FOR LOCAL GROWERS AND BAKERS TO BRING WHOLE FOOD PRODUCTS TO THE COMMUNITY FOR SALE.
CHRISTMAS - ANNUAL EVENT THAT PROMOTES A HOLIDAY PARADE THAT KICKS OFF THE CHRISTMAS SHOPPING SEASON AT MEMBER BUSINESSES IN THE DOWNTOWN AREA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ana Babiasz Treasurer | OfficerTrustee | 0 | $0 |
Denny Bolton Secretary | OfficerTrustee | 0 | $0 |
Aaron Cook Trustee | Trustee | 0 | $0 |
Abby Cottongim Vice President | OfficerTrustee | 0 | $0 |
Cole Hatcher Trustee | Trustee | 0 | $0 |
Sean Hughes Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $21,545 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $76,260 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $132,805 |
| Total Program Service Revenue | $54,096 |
| Investment income | $1,312 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,997 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $194,216 |
| 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. | $27,692 |
| Compensation of current officers, directors, key employees. | $9,231 |
| Compensation to disqualified persons | $76,193 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,226 |
| Payroll taxes | $8,955 |
| 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 | $1,180 |
| Office expenses | $2,412 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,014 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,474 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,043 |
| Insurance | $1,912 |
| All other expenses | $15,356 |
| Total functional expenses | $224,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,511 |
| Savings and temporary cash investments | $157,917 |
| 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 | $63 |
| Net Land, buildings, and equipment | $165,313 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $51 |
| Total assets | $350,855 |
| 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 | $9,674 |
| Total liabilities | $9,674 |
| Net assets without donor restrictions | $341,181 |
| 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 | $350,855 |