Fort Payne-Main Street
- Assets
- $63.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Payne, AL
- Founding
- 02/2017
- Data as of
- 12/2022
- EIN
- 47-3640276
Organization Overview
Fort Payne-Main Street is located in Fort Payne, AL. The organization was established in 2017. According to its NTEE Classification (Y11) the organization is classified as: Single Organization Support, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Payne-Main Street 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, Fort Payne-Main Street generated $95.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $95.7k during the year ending 12/2022. While expenses have increased by 9.1% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO ENGAGE IN THE NONPROFIT BUSINESS OF PROMOTING LOCAL BUSINESS IN THE HISTORIC DOWNTOWN AREA OF FORT PAYNE, ALABAMA; AND TO TRANSACT ANY AND ALL LAWFUL, NONPROFIT BUSINESS FOR WHICH COPORATIONS MAY BE INCORPORATED UNDER ALABAMA LAW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Posey President | 2 | $0 | |
Dave Latham Vice-President | 2 | $0 | |
Steve Malcom Treasurer | 2 | $0 | |
Cathy Perez Secretary | 2 | $0 | |
Connie J Fuller Executive Director | 40 | $36,211 | |
Brian Baine Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,471 |
| 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 | $95,471 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $36,211 |
| Professional fees and other payments to independent contractors | $1,645 |
| Occupancy, rent, utilities, and maintenance | $801 |
| Printing, publications, postage, and shipping | $10,671 |
| Other expenses | $16,402 |
| Total expenses | $95,730 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $63,709 |
| Other assets | $0 |
| Total assets | $63,709 |
| Total liabilities | $440 |
| Net assets or fund balances | $63,269 |