Barracks Row Mainstreet
- Assets
- $1.7m
- Revenue
- $772.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Washington, DC
- Founding
- 09/1999
- Data as of
- 12/2023
- EIN
- 52-2144055
Organization Overview
Barracks Row Mainstreet is located in Washington, DC. The organization was established in 1999. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Barracks Row Mainstreet employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Barracks Row Mainstreet 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 12/2023, Barracks Row Mainstreet generated $772.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $793.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 6 years. 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
THE MISSION OF THE ORGANIZATION IS TO REVITALIZE THE AREA OF WASHINGTON, DC, ALONG EIGHTH STREET, SE, AS A VIBRANT CORRIDOR THAT RECONNECTS CAPITOL HILL TO THE ANACOSTIA RIVER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BARRACKS ROW MAIN STREET HAS WORKED IN THE PAST YEAR TO PROVIDE EXTENSIVE SMALL BUSINESS TECHNICAL ASSISTANCE TO OUR SMALL AND LOCAL BUSINESS COMMUNITY, TO ADMINISTER GRANT PROGRAMS THAT PROVIDE CRITICAL FUNDING FOR THE RESTORATION AND REHABILITATION OF HISTORIC COMMERCIAL FACADES, AND TO PUT ON AS FULL A SLATE OF EVENTS THAT HELP BRING "FEET TO THE STREET" TO ENHANCE THE BUSINESS OPPORTUNITIES OF OUR LOCAL RESTAURANTS AND SHOPS. IN ADDITION, WE HAVE HELPED TO RETAIN AND RECRUIT SMALL AND LOCAL BUSINESSES TO 8TH ST SE, THAT AID IN OUR EFFORTS TO CREATE A DIVERSE AND VIBRANT COMMERCIAL CORRIDOR WHERE RESIDENTS AND VISITORS ALIKE WANT TO WORK, SHOP AND DINE. BARRACKS ROW MAIN STREET HAS PROVIDED A SERIES OF MUSICAL, CHILDREN'S, ATHLETIC, EDUCATIONAL, AND OTHER PROGRAMS IN THE EASTERN MARKET METRO PARK, REVITALIZING THE PARK AND ENHANCING THE OPPORTUNITIES AVAILABLE TO THE NEIGHBORHOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Winfield Sealander Chairman | OfficerTrustee | 10 | $0 |
Terry Mcdonald Vice Chairman | OfficerTrustee | 5 | $0 |
Chris Martin Secretary | OfficerTrustee | 5 | $0 |
Steve Daniels Treasurer | OfficerTrustee | 5 | $0 |
Patty Brosmer Director | Trustee | 1 | $0 |
Devin Cook Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $684,523 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,213 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $702,736 |
| Total Program Service Revenue | $0 |
| Investment income | $43,791 |
| 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 | $772,538 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $92,922 |
| Compensation of current officers, directors, key employees. | $14,812 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,086 |
| Pension plan accruals and contributions | $1,739 |
| Other employee benefits | $6,226 |
| Payroll taxes | $10,909 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $60,157 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $383,154 |
| Advertising and promotion | $0 |
| Office expenses | $10,745 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,370 |
| Travel | $939 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,345 |
| All other expenses | $195,180 |
| Total functional expenses | $793,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,413 |
| Savings and temporary cash investments | $1,367,381 |
| Pledges and grants receivable | $64,143 |
| Accounts receivable, net | $24,004 |
| 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 | $634 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,225 |
| Total assets | $1,652,800 |
| Accounts payable and accrued expenses | $5,415 |
| Grants payable | $0 |
| Deferred revenue | $17,065 |
| 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 | $22,480 |
| Net assets without donor restrictions | $320,039 |
| Net assets with donor restrictions | $1,310,281 |
| 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 | $1,652,800 |
Grants Awarded
Over the last fiscal year, Barracks Row Mainstreet has awarded $24,872 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DISTRICT SOUL FOOD PURPOSE: Signs and awnings | $5,000 |
HOWL TO THE CHIEF INC PURPOSE: Signs and swnings | $19,872 |