Main Street Martinsburg Inc
- Assets
- $190.7k
- Revenue
- $167.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Martinsburg, WV
- Founding
- 08/1993
- Data as of
- 12/2021
- EIN
- 55-0720294
Organization Overview
Main Street Martinsburg Inc is located in Martinsburg, WV. The organization was established in 1993. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Main Street Martinsburg Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Main Street Martinsburg 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, Main Street Martinsburg Inc generated $167.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $84.4k during the year ending 12/2021. While expenses have increased by 0.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP REVITALIZE DOWNTOWN MARTINSBURG, WV
Describe the Organization's Program Activity:
Part 3 - Line 4a
EFFORTS TO REVITALIZE DOWNTOWN MARTINSBURG, WV HAVE INCLUDED SPECIAL EVENTS, TRAINING SESSIONS, VISITATIONS TO OTHER MAINSTREET PROJECTS, AND VARIOUS PROMOTIONAL AND MARKETING ACTIVITIES FOCUSED ON THE DOWNTOWN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Lewis Executive Director | Officer | 40 | $38,264 |
Robert Blair Executive Director | Officer | 40 | $16,667 |
Steve Dopson President | OfficerTrustee | 3 | $0 |
James Hersick Vice President | OfficerTrustee | 3 | $0 |
Ellen Hunter Secretary | OfficerTrustee | 3 | $0 |
Becky Linton Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,995 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $64,713 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,435 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,143 |
| Total Program Service Revenue | $1,000 |
| Investment income | $187 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $61,526 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,716 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $167,230 |
| 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. | $54,931 |
| Compensation of current officers, directors, key employees. | $5,493 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $553 |
| Payroll taxes | $4,202 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,341 |
| Office expenses | $1,674 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $391 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,885 |
| All other expenses | $3,194 |
| Total functional expenses | $84,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,077 |
| Savings and temporary cash investments | $130,076 |
| 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 | $13,943 |
| Inventories for sale or use | $2,150 |
| 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 | $495 |
| Total assets | $190,741 |
| 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 | $30,902 |
| Other liabilities | $1,288 |
| Total liabilities | $32,190 |
| Net assets without donor restrictions | $158,551 |
| 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 | $190,741 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Main Street Martinsburg Inc has recieved totaling $39,440.
| Awarding Organization | Amount |
|---|---|
Eastern West Virginia Community Foundation Martinsburg, WV PURPOSE: HUMAN WELFARE | $19,720 |
Eastern West Virginia Community Foundation Martinsburg, WV PURPOSE: HUMAN WELFARE | $19,720 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Action Commission Of Fayette County Washington Court House, OH | $10,620,828 | $9,688,038 |
Downtown Cleveland Alliance Cleveland, OH | $4,884,612 | $9,424,862 |
Allegheny Conference On Community Development Pittsburgh, PA | $14,597,444 | $7,655,898 |
Maryland Rural Development Corporation Annapolis, MD | $2,490,801 | $9,297,615 |
Religious Coalition For Emergency Human Needs In Frederick County Frederick, MD | $4,940,518 | $9,853,659 |
Campus Partners For Community Urban Redevelopment Columbus, OH | $180,909,775 | $6,681,454 |
G M N Tri-County Community Action Committee Inc Caldwell, OH | $4,898,315 | $8,954,404 |
Lakeside Association Lakeside, OH | $18,007,265 | $9,409,090 |
National Association Of Professional Employer Organization Alexandria, VA | $9,490,281 | $8,665,299 |
Alloy Development Co Inc Cincinnati, OH | $4,726,609 | $7,810,614 |
Virginia Beach Community Development Corporation Virginia Beach, VA | $35,346,329 | $7,614,457 |
Clinch Valley Community Action Inc North Tazewell, VA | $3,516,619 | $7,158,606 |