National Main Street Center Inc
- Assets
- $5.5m
- Revenue
- $10.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 12/2014
- Data as of
- 06/2023
- EIN
- 46-1405965
Organization Overview
National Main Street Center Inc is located in Washington, DC. The organization was established in 2014. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Main Street Center 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 06/2023, National Main Street Center Inc generated $10.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $12.2m during the year ending 06/2023. While expenses have increased by 20.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND FACILITATE THE HISTORIC PRESERVATION AND ACTIVE USE OF DOWNTOWN AND NEIGHBORHOOD COMMERCIAL DISTRICTS THROUGHOUT THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FY2023, NMSC FIELD SERVICES STAFF OFFERED A WIDE RANGE OF TRAINING SEMINARS AND WORKSHOPS, ALL TAILORED TO MEET COMMUNITY NEEDS, AND ADVANCE HISTORIC-PRESERVATION BASED COMMUNITY ECONOMIC DEVELOPMENT. COMMONLY REQUESTED WORKSHOPS AND SEMINARS INCLUDED A VARIETY OF HISTORIC PRESERVATION AND ORGANIZATIONAL DEVELOPMENT TOPICS, SUCH AS THE BASICS OF REAL ESTATE FINANCE, SMALL BUSINES DEVELPOEMNT, HOW TO FACILITATE EFFECTIVE MEETINGS, RECRUIT VOLUNTEERS, DEVELOP A FUNDRAISING PLAN AND BUILD AN EFFECTIVE MEMBERSHIP PROGRAM. (CONTINUED ON SCHEDULE O)
IN FY2023, THE NMSC FOCUSED ON DELIVERING EXCELLENT BENEFITS AND HIGH VALUE SERVICES TO THE NMSC NETWORK THROUGH ITS MEMBERSHIP PROGRAM. NMSC PROVIDES MEMBERS WITH CUTTING EDGE RESOURCES, TRAINING, RESEARCH AND NETWORKING OPPORTUNITIES. NMSC MEMBERSHIP INCLUDES ACCESS TO A WIDE RANGE OF EDUCATIONAL MATERIALS, THE E-NEWSLETTER, MAIN STREET NEWS, FEATURES ARTICLES ABOUT BEST PRACTICES, NEW TRENDS IN THE FIELD, SHOWCASES SUCCESSFUL PROGRAMS, AND SHARES STRATEGIES FOR INCORPORATING HISTORIC PRESERVATION INTO EXISTING COMMUNITY DEVELOPMENT EFFORTS. IN FY2023, NMSC SERVED OVER 1,800 MEMBERS.
IN FY2023, THE NMSC CONFERENCE WAS HELD WITH OVER 1,900 ATTENDEES. ANNUALLY, THE CONFERENCE PROVIDED ATTENDEES WITH INSTRUCTION ON A VARIETY OF TOPICS, RANGING FROM HISTORIC BUILDING REHABILITATION AND DESIGN, ORGANIZATIONAL DEVELOPMENT ISSUES, AND STRATEGIES FOR COMMUNITY ECONOMIC DEVELOPMENT . EACH THE NMSC'S ANNUAL CONFERENCE SERVES AS A KEY VENUE FOR SHARING AND PROMOTING INTEREST IN HISTORIC BUILDINGS AND TOWNS, AND PRESERVATION AND COMMUNITY DEVELOPMENT MORE GENERALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrice Frey Senior Advisor | 35 | $210,788 | |
Hannah White President & CEO | Officer | 35 | $183,296 |
Matt Wagner Chief Program Officer | 35 | $181,378 | |
John Chomiak Cfao | 35 | $180,178 | |
Dionne Baux VP | 35 | $134,053 | |
Norma Miess VP | 35 | $127,017 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dowling Street Llc Prof. Consulting | 6/29/23 | $173,826 |
Notice Pictures Llc Prof. Consulting | 6/29/23 | $142,890 |
Koya Leadership Partners Search Service | 6/29/23 | $121,399 |
Equiticity Prof. Consulting | 6/29/23 | $115,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $818,241 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $825,834 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,147,758 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,791,833 |
| Total Program Service Revenue | $3,928,806 |
| Investment income | $7,783 |
| 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 | $10,741,701 |
| 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. | $192,462 |
| Compensation of current officers, directors, key employees. | $20,716 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,317,237 |
| Pension plan accruals and contributions | $143,640 |
| Other employee benefits | $315,717 |
| Payroll taxes | $243,062 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,300 |
| Fees for services: Accounting | $57,215 |
| Fees for services: Lobbying | $347,121 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,667,966 |
| Advertising and promotion | $0 |
| Office expenses | $357,158 |
| Information technology | $222,782 |
| Royalties | $0 |
| Occupancy | $77,000 |
| Travel | $444,167 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $448,308 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $20,976 |
| All other expenses | $0 |
| Total functional expenses | $12,172,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,553,726 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,618,039 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $52,547 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,157 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $206,365 |
| Total assets | $5,450,834 |
| Accounts payable and accrued expenses | $928,209 |
| Grants payable | $0 |
| Deferred revenue | $1,770,463 |
| 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 | $2,698,672 |
| Net assets without donor restrictions | $205,790 |
| Net assets with donor restrictions | $2,546,372 |
| 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 | $5,450,834 |