Main Street Wooster Inc
- Assets
- $277.2k
- Revenue
- $396.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Wooster, OH
- Founding
- 10/2007
- Data as of
- 12/2021
- EIN
- 34-1525787
Organization Overview
Main Street Wooster Inc is located in Wooster, OH. The organization was established in 2007. 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. As of 12/2021, Main Street Wooster Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Main Street Wooster 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 12/2021, Main Street Wooster Inc generated $396.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $261.5k during the year ending 12/2021. While expenses have increased by 4.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ECONOMIC DEVELOPMENT AND PRESERVATION/REVITALIZATION OF DOWNTOWN WOOSTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTED 93 FREE ATTRACTIONS TO IMPROVE THE QUALITY OF LIFE IN WOOSTER AND BRING TOURIST DOLLARS TO OUR LOCAL MERCHANTS. ESTIMATED 20,800 ATTENDEES SPENT AN AVERAGE OF $26.58/ATTENDEE FOR AN ECONOMIC IMPACT OF $552,864 PARTNERED WITH THE CITY OF WOOSTER TO CREATE AND ADMINISTER A $50,000 COMPETITIVE FACADE GRANT PROGRAM PRODUCED AND MAILED EXPANDED SHOPPERS GUIDE TO 11,500 FAMILIES IN WOOSTER, DISTRIBUTED ANOTHER 25,000 SHOPPERS GUIDES THROUGHOUT THE REGION PARTNERED WITH THE WEDC TO COMMISSION A RETAIL LEAKAGE STUDY THROUGH THE COLLEGE OF WOOSTER'S AMRE PROGRAM HOSTED A SERIES OF ROUND TABLE DISCUSSIONS TO ADDRESS CHALLENGES THAT IMPACT THE ABILITY TO RUN A CLEAN, SAFE, SUCCESSFUL BUSINESS IN DOWNTOWN WOOSTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Waller Executive Director | Trustee | 50 | $67,793 |
Andrew Dix Past Chair | OfficerTrustee | 1 | $0 |
Patrick Neyhart Chair | OfficerTrustee | 1 | $0 |
Christopher Pycraft Secretary/vp | OfficerTrustee | 1 | $0 |
Cathy Roche Treasurer | OfficerTrustee | 1 | $0 |
Peter Abramo Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $144,075 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,570 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $222,645 |
| Total Program Service Revenue | $135,235 |
| Investment income | $10 |
| 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 | $396,509 |
| 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. | $67,793 |
| Compensation of current officers, directors, key employees. | $6,780 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,915 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,095 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,112 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,850 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,840 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,937 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $462 |
| Insurance | $3,094 |
| All other expenses | $8,613 |
| Total functional expenses | $261,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,675 |
| Savings and temporary cash investments | $80,797 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,604 |
| 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 | $16,135 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $277,211 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $835 |
| 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 | $2,641 |
| Total liabilities | $3,476 |
| Net assets without donor restrictions | $273,735 |
| 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 | $277,211 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Main Street Wooster Inc has recieved totaling $2,522.
| Awarding Organization | Amount |
|---|---|
Donald And Alice Noble Foundation Wooster, OH PURPOSE: GENERAL OPERATING & PROGRAM SUPPORT | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
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 |
16 Tech Community Corporation Indianapolis, IN | $90,414,871 | $43,820,376 |
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 |
Invest Detroit Foundation Detroit, MI | $154,389,743 | $12,808,930 |
Wright Brothers Institute Inc Dayton, OH | $23,307,656 | $22,085,089 |
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Visit Indy Inc Indianapolis, IN | $20,981,890 | $14,589,218 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
The Convention And Visitors Bureau Of Greater Cleveland Inc Cleveland, OH | $25,296,918 | $17,425,666 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |