New Castle Main Street Inc
- Assets
- $130.0k
- Revenue
- $339.0k
- Investments
- $0.0
- Employees
- 0
- Location
- New Castle, IN
- Founding
- 04/2015
- Data as of
- 12/2022
- EIN
- 47-2371890
Organization Overview
New Castle Main Street Inc is located in New Castle, IN. The organization was established in 2015. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., 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. New Castle Main Street 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 12/2022, New Castle Main Street Inc generated $339.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $229.5k during the year ending 12/2022. While expenses have increased by 2.3% per year over the past 3 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.
Since 2020, New Castle Main Street Inc has awarded 18 individual grants totaling $194,607. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO RENEWING, GROWING AND PROMOTING DOWNTOWN NEW CASTLE BY STIMULATING ECONOMIC GROWTH AND FOSTERING COMMUNITY PRIDE WHILE PRSERVING OUR UNIQUE HISTORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILDING RENNOVATION ASSISTANCE PROGRAM PROGRAM TO HELP DOWNTOWN BUSINESSES RENOVATE THEIR BUILDING TO BETTER DOWNTOWN.
OTHER COMMUNITY SERVICES
BUSINESS BUILDERS TO HELP SMALL BUSINESS OWNERS TO BUILD THEIR BUSINESS
FORTH FRIDAYS MONTHLY EVENT HELD IN DOWNTOWN NEW CASTLE TO SPOTLIGHT AREA BUSINESS AND BRING THE COMMUNITY TO THE AREA. EVENTS INCLUDE MUSIC, ART, AND FOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Duke Hamm President | Officer | 1 | $0 |
Ed Hill Vice President | Officer | 1 | $0 |
Corey Murphy Secretary | Officer | 1 | $0 |
Jeannie Fox Treasurer | Officer | 1 | $0 |
Jeff Ray Director | Trustee | 1 | $0 |
Shonda Kane Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $180,010 |
| All other contributions, gifts, grants, and similar amounts not included above | $158,966 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $338,976 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $338,976 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $144,298 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,669 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,115 |
| Advertising and promotion | $11,851 |
| Office expenses | $1,090 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,482 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $7,000 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $991 |
| All other expenses | $40,409 |
| Total functional expenses | $229,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,045 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $130,045 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $130,045 |
| 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 | $130,045 |
Grants Awarded
Over the last fiscal year, New Castle Main Street Inc has awarded $99,107 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
COOK FAMILY INVESTMENT PURPOSE: BLD IMP | $34,308 |
HENRY BOUTIQUE PURPOSE: BLD IMP | $6,100 |
DUKE OF YORK PURPOSE: BLD IMP | $37,595 |
BROAD STREET PARTNERS PURPOSE: BLD IMP | $11,776 |
EDWARDS JEWELERS PURPOSE: BLD IMP | $9,328 |