New Castle Main Street Inc
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Castle, IN
- Founding
- 04/2015
- Data as of
- 12/2021
- 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 12/2021, New Castle Main Street Inc generated $70.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (46.3%) each year. All expenses for the organization totaled $102.6k during the year ending 12/2021. 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
2021
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
RESTAURANT RESILIENCE FUND SEE ATTACHED FOR LIST OF GRANTS SUPPORTED LOCAL RESTAURANTS THAT WERE EFFECTED BY COVID. ALSO SUPPORTED BUSINESSES TO HELP THEM ADAPT TO CHANGES DUE TO COVID.
BUSIENSS RESILIENCE FUND SEE ATTACHED FOR LIST OF GRANTS SUPPORTED LOCAL BUSINESS THAT WERE EFFECTED BY COVID
DECK THE DOWNTOWN KEEP THE DOWNTOWN AREA CLEAN AND DECORATED TO SUPPORT THE BUSINESSES THAT ARE LOCATED THERE AND ENCOURAGE NEW BUSINESS GROWTH.
OTHER COMMUNITY SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Duke Hamm President | 1 | $0 | |
Brock Davis Vice President | 1 | $0 | |
Corey Murphy Treasurer | 1 | $0 | |
Jennie Hamblin Fox Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,027 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $70,027 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,250 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $119 |
| Other expenses | $7,032 |
| Total expenses | $102,592 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $0 |
| Net assets or fund balances | $20,546 |
Grants Awarded
Over the last fiscal year, New Castle Main Street Inc has awarded $95,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
IRON KETTLE RESTAURANT PURPOSE: Operating Cost | $7,500 |
CAFE ROYAL PURPOSE: Operating Cost | $7,500 |
BLOCK & BREW PURPOSE: Operating Cost | $7,500 |
MONTGOMERY STEAKHOUSE PURPOSE: Operating Cost | $7,500 |
FLAMINGO REST PURPOSE: Operating Cost | $7,500 |
SAKE PURPOSE: Operating Cost | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Castle Main Street Inc has recieved totaling $12,500.
| Awarding Organization | Amount |
|---|---|
Henry County Community Foundation Inc New Castle, IN PURPOSE: OPERATING SUPPORT | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milwaukee Electrical Industry Vacation - Holiday Plan Wauwatosa, WI | $15,465,835 | $13,612,321 |
Community Ventures Corporation Inc Lexington, KY | $84,057,573 | $14,249,179 |
Seton Property Corporation Of North Alabama St Louis, MO | $50,940,533 | $5,932,254 |
Horizon House Inc Indianapolis, IN | $11,235,353 | $7,114,001 |
St Marys Building Corporation St Louis, MO | $40,020,947 | $3,125,452 |
Delaware Advancement Corporation Muncie, IN | $19,134,942 | $3,911,691 |
Providence Building Corporation Inc St Louis, MO | $6,600,443 | $3,711,993 |
Austin Peoples Action Center Chicago, IL | $1,169,247 | $2,618,671 |
Choose Chicago Foundation Chicago, IL | $859,781 | $2,550,000 |
Delta Institute Chicago, IL | $8,129,187 | $1,847,841 |
Lafayette-West Lafayette Development Corporation Lafayette, IN | $8,692,255 | $2,407,037 |
Experimental Station Chicago, IL | $1,624,397 | $2,920,468 |