Main Street Pascagoula
- Assets
- $218.1k
- Revenue
- $362.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Pascagoula, MS
- Founding
- 06/2015
- Data as of
- 09/2023
- EIN
- 46-5008021
Organization Overview
Main Street Pascagoula is located in Pascagoula, MS. The organization was established in 2015. 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 09/2023, Main Street Pascagoula employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Main Street Pascagoula 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 09/2023, Main Street Pascagoula generated $362.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $214.2k during the year ending 09/2023. While expenses have increased by 15.3% per year over the past 8 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
MAIN STREET PASCAGOULA IS AN ECONOMIC DEVELOPMENT TOOL THAT ENHANCES THE TAX BASE OF A COMMUNITY, FOSTERS ENTREPRENEURSHIP, BUILDS COMMUNITY CAPACITY, AND CREATES PARTNERSHIPS AMONG KEY GROUPS IN A COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A. PROMOTIONS: PMSA SHALL PROMOTE AND SPONSOR DISCUSSION GROUPS AND SHALL EDUCATE AND INFORM CITIZENS AND MEMBERS ON TOPICS OF COMMON INTEREST AND CONCERN TO THE DISTRICT. PMSA SHALL MAINTAIN INFORMATION REGARDING REVITALIZATION IN THE DISTRICT. PMSA WILL SPONSOR CULTURAL, EMPLOYMENT AND COMMERCIAL REVITALIZATION OF THE DISTRICT. PMSA WILL PROVIDE A FORUM FOR MEMBERS TO SHARE KNOWLEDGE, COMMON EXPERIENCES AND PROBLEMS. PMSA SHALL PUBLISH COMMUNITY INFORMATION REGARDING ITS ACTIVITIES AND OTHER DATA RELEVANT TO THE REVITALIZATION OF THE DISTRICT. SUCH PUBLICATIONS MAY INCLUDE THE FOLLOWING: 1) PLANNING STUDIES, SUCH AS THE RESOURCE TEAM REPORT 2) AN ORGANIZATION BROCHURE 3) TOURIST AND VISITOR INFORMATION BROCHURES, MAPS, AND GUIDES 4) SPECIAL EVENT FLYERS, PAMPHLETS, POSTERS, OR BROCHURES 5) THE PMSA QUARTERLY NEWSLETTER B. ORGANIZATION: PMSA WILL ORGANIZE AND PROMOTE CONSTRUCTIVE RELATIONSHIPS BETWEEN LOCAL GOVERNMENT BODIES AND PRIVATE BUSINESS AND CITIZENS. PMSA WILL COORDINATE AS APPROPRIATE WITH THE CITY OF PASCAGOULA ZONING AND OTHER REGULATORY ACTIVITY AFFECTING THE DISTRICT. PMSA WILL SUPPORT OTHER CHARITABLE AND EDUCATIONAL ORGANIZATIONS WHOSE PRIMARY INTEREST IS TO PRESERVE AND DEVELOP THE BEAUTY AND ECONOMIC STABILITY OF PASCAGOULA, ESPECIALLY WITHIN THE DISTRICT. PMSA WILL PROMOTE THE CONCERNS OF THE DISTRICT AT THE CITY, COUNTY AND SPECIAL DISTRICT LEVEL. C. ECONOMIC RESTRUCTURING: PMSA WILL HELP TO DIVERSIFY THE COMMUNITY BY RECRUITING NEW STORES TO BALANCE THE RETAIL MIX; AIDING POTENTIAL BUSINESS OWNERS IN FINDING RETAIL SPACE, AND BY AIDING IN THE ACQUIRING OF ADEQUATE FINANCING. D. DESIGN: PMSA WILL ASSIST IN PLANNING AND COORDINATING THE DESIGN OF IMPROVEMENTS IN OR ADJACENT TO THE DISTRICT. PMSA WILL AID IN PROVIDING DESIGN SERVICES FOR BUILDINGS AND SIGNAGE. PMSA WILL PROVIDE INFORMATION ON PAINTING, CONSTRUCTION, HISTORIC RENOVATION, AND PRESERVATION. PMSA WILL PROMOTE AND ASSIST IN CITY BEAUTIFICATION PROJECTS. PMSA WILL PARTICIPATE IN THE PLANNING AND DEVELOPMENT OF PUBLIC INTEREST PROJECTS IN THE DISTRICT AND AREAS ADJACENT TO THE DISTRICT. PMSA WILL PROMOTE EFFECTIVE REDEVELOPMENT EFFORTS AND ASSIST IN PLANNING FOR THE REVITALIZATION OF THE DISTRICT. PMSA SHALL, WHENEVER POSSIBLE, RECOMMEND APPROPRIATE USES AND DESIGN STANDARDS FOR DISTRICT DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katrina Scott President / | OfficerTrustee | 4 | $0 |
Adam Askew Vp/treas/dir | OfficerTrustee | 4 | $0 |
Liz Ford Secretary / | OfficerTrustee | 4 | $0 |
Susannah Northrop Executive Di | Officer | 40 | $10,230 |
Rebecca Davis Past Exec Di | Officer | 40 | $47,600 |
Steven Brady Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $30,237 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $225,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $92,844 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $348,081 |
| Total Program Service Revenue | $14,503 |
| Investment income | $1 |
| 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 | $362,585 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,915 |
| 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. | $57,830 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,130 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,781 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,534 |
| Advertising and promotion | $10,835 |
| Office expenses | $6,267 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,769 |
| Travel | $401 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,494 |
| Interest | $0 |
| Payments to affiliates | $3,175 |
| Depreciation, depletion, and amortization | $109 |
| Insurance | $2,315 |
| All other expenses | $1,110 |
| Total functional expenses | $214,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,368 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $8,425 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $300 |
| Total assets | $218,093 |
| Accounts payable and accrued expenses | $4,694 |
| 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 | $0 |
| Total liabilities | $4,694 |
| Net assets without donor restrictions | $213,399 |
| 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 | $218,093 |