Main Street Association Inc
- Assets
- $31.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 04/1997
- Data as of
- 12/2020
- EIN
- 51-0179884
Organization Overview
Main Street Association Inc is located in Louisville, KY. The organization was established in 1997. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Main Street Association 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 12/2020, Main Street Association Inc generated $27.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $42.0k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 6 years. 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
2020
Describe the Organization's Program Activity:
Part 3
MORE PARTNERSHIPS WERE ESTABLISHED WITH BUSINESSES, COMMUNITY AGENCIES, INDIVIDUALS & GOVERNMENT TO PROMOTE MAIN STREET'S HISTORY, COMMERCIAL, CULTURAL, EDUCATIONAL & HOUSING OPPORTUNITIES. OVER 100 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Timmering President | 2 | $0 | |
Tim George General Counsel | 0.5 | $0 | |
Davena Vowels Director | 0.5 | $0 | |
Brigitte Landry Director | 0.5 | $0 | |
Claire Simms Vice President | 2 | $0 | |
David Nichols Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $1,146 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $17,993 |
| Other Revenue | $0 |
| Total Revenue | $27,640 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $33,794 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $4,240 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,990 |
| Total expenses | $42,024 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,626 |
| Other assets | $0 |
| Total assets | $31,806 |
| Total liabilities | $32,545 |
| Net assets or fund balances | -$739 |
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