White Bear Lake Main Street Inc
- Assets
- $120.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- White Bear Lake, MN
- Founding
- 01/1994
- Data as of
- 12/2022
- EIN
- 41-1739870
Organization Overview
White Bear Lake Main Street Inc is located in White Bear Lake, MN. The organization was established in 1994. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. White Bear Lake Main Street Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, White Bear Lake Main Street Inc generated $122.0k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $124.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION SUCCESSFULLY WORKED TO STIMULATE DOWNTOWN ECONOMIC GROWTH TO KEEP OUR DOWNTOWN BUSINESS COMMUNITY VIBRANT. THIS WAS ACCOMPLISHED BY HOLDING ROBUST EVENTS THROUGHOUT THE YEAR AND PROMOTION OF DOWNTOWN BUSINESSES AND EVENTS THROUGH PRINT ADVERTISING, MAGAZINES, RADIO AND SOCIAL MEDIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Beecroft President | 5 | $27,591 | |
Danielle Rode Vice Preside | 5 | $0 | |
Charisse Letourneau Treasurer | 3 | $1,401 | |
Katie Cooley Secretary | 2 | $0 | |
Kristin Cranmer Director | 1 | $0 | |
Drew Miller Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $122,041 |
| Membership dues | $0 |
| Investment income | $8 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $122,049 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $28,992 |
| Professional fees and other payments to independent contractors | $9,750 |
| Occupancy, rent, utilities, and maintenance | $5,310 |
| Printing, publications, postage, and shipping | $2,117 |
| Other expenses | $78,131 |
| Total expenses | $124,300 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $112,097 |
| Other assets | $0 |
| Total assets | $120,193 |
| Total liabilities | $0 |
| Net assets or fund balances | $120,193 |