Main Street Wooster Inc
- Assets
- $347.0k
- Revenue
- $316.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Wooster, OH
- Founding
- 10/2007
- Data as of
- 12/2023
- 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 12/2023, Main Street Wooster Inc employed 4 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 12/2023, Main Street Wooster Inc generated $316.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $302.4k during the year ending 12/2023. While expenses have increased by 4.8% per year over the past 9 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
2023
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 FREE ATTRACTIONS TO IMPROVE THE QUALITY OF LIFE IN WOOSTER AND BRING TOURIST DOLLARS TO OUR LOCAL MERCHANTS.*HIRED A LOCAL MARKETING FIRM TO DEVELOP AN 18-PAGE DIGITAL GUIDE TO HELP REALTORS AND LANDLORDS LURE PROSPECTS TO FILL DOWNTOWN VACANCIES.*PUBLISHED 30,000 SHOPPERS GUIDES AND DISTRIBUTED THEM LOCALLY BY HAND AND REGIONALLY THROUGH BROCHURE DISTRIBUTIONS SERVICES.*DEVELOPED A MOBILE-FRIENDLY SELF-GUIDED WALKING TOUR TO ENCOURAGE PEOPLE TO ENGAGE WITH DOWNTOWN WOOSTER.*DREW HUNDREDS OF LOCALS AND VISITORS TO ENJOY THE SHOPPING AND FREE LIVE MUSIC AT THE ANNUAL DOWNTOWN WOOSTER FARMER'S MARKET.*CONTINUED THE PROGRAM MAIN STREET MUSIC, WHICH HAS RECEVIED PRAISE FOR THE IMPROVEMENT OF THE OVERALL SHOPPING AND DINING EXPERIENCES. *CONTINUED CONCERT & CRUISE-IN EVENTS AND DREW IN OVER 2,000 VISITORS TO DOWNTOWN WOOSTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Waller Executive Director | Trustee | 50 | $66,020 |
Christopher Pycraft Past Chair | OfficerTrustee | 1 | $0 |
Glen Grumbling Chair | OfficerTrustee | 1 | $0 |
Andrea Hoban Treasurer | OfficerTrustee | 1 | $0 |
Vikki Briggs Vice Chair | OfficerTrustee | 1 | $0 |
Adam Bogner Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $132,015 |
| All other contributions, gifts, grants, and similar amounts not included above | $67,485 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $199,500 |
| Total Program Service Revenue | $114,207 |
| Investment income | $202 |
| 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 | $316,908 |
| 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. | $66,020 |
| Compensation of current officers, directors, key employees. | $6,602 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,312 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,698 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,439 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,500 |
| Advertising and promotion | $8,459 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,400 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,859 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $462 |
| Insurance | $2,452 |
| All other expenses | $5,808 |
| Total functional expenses | $302,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,530 |
| Savings and temporary cash investments | $206,002 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,248 |
| 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 | $15,213 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $346,993 |
| 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 | $6,158 |
| Total liabilities | $6,158 |
| Net assets without donor restrictions | $340,835 |
| 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 | $346,993 |