Ormond Main Street Inc
- Assets
- $138.7k
- Revenue
- $323.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Ormond Beach, FL
- Founding
- 12/1996
- Data as of
- 09/2022
- EIN
- 59-3311218
Organization Overview
Ormond Main Street Inc is located in Ormond Beach, FL. The organization was established in 1996. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ormond 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 09/2022, Ormond Main Street Inc generated $323.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $290.7k during the year ending 09/2022. While expenses have increased by 3.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT HISTORIC PRESERVATION AND RESTORATION AND TO SUPPORT CONSISTENT DOWNTOWN DESIGN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORMOND BEACH CELTIC FESTIVAL: OUR AWARD-WINNING 2- DAY ANNUAL FESTIVAL FEATURING FIVE STAGES OF LIVE MUSIC, TRADITIONAL CELTIC FOOD & VENDORS, CELTIC CLANS, HIGHLAND GAMES, AND PLENTY OF ACTIVITIES FOR THE WEE ONES. APPROXIMATE ATTENDANCE: 10,000
ORMOND MAIN STREET AND ALL OTHER PROGRAM EXPENSES
ORMOND BEACH RIVERFEST: ANNUAL ORMOND BEACH RIVERFEST SEAFOOD FESTIVAL IS A FREE TWO-DAY COMMUNITY CELEBRATION OF SEAFOOD, ACTIVITIES, LIVE MUSIC AND MORE. IT ALSO INCLUDES A FREE KIDS FISHING CLINIC. IT TAKES PLACE AT THE BEAUTIFUL ROCKEFELLER GARDENS & FORTUNATO PARK, RIGHT ON THE HALIFAX RIVER IN THE HEART OF THE CITY.APPROXIMATE ATTENDANCE: 10,000
FARMERS MARKET: THE ORGANIZATION PROVIDES A WEEKLY FARMERS MARKET ON CITY HALL PLAZA EVERY THURSDAY MORNING FROM 8 AM - 1 PM. THE MARKET IS RESTRICTED TO LOCAL VENDORS WHO PROVIDE PRODUCE, PLANTS, FOOD AND FOOD PRODUCTS, AS WELL AS LOCALLY HAND MADE ARTS AND CRAFTS. IN ADDITION TO BEING A SOURCE FOR FRESH, AND OFTEN ORGANIC, PRODUCE, THE MARKET WORKS IN PARTNERSHIP WITH THE ANNUAL MAYOR'S HEALTH AND FITNESS CHALLENGE AS WELL AS ADVENTHEALTH TO PROVIDE A SERIES OF FREE HEALTHY LIVING LECTURES FOR THE GENERAL PUBLIC. IT ALSO SERVES AS A DEVELOPMENT SPACE FOR LOCAL FOOD ENTREPRENEURS WHO ARE CREATING PRODUCT TO MOVE TO A WIDER MARKET. APPROXIMATELY 10,000 PEOPLE VISIT THE MARKET ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Cortez President | OfficerTrustee | 4 | $0 |
Thomas Caffrey Vice President | OfficerTrustee | 4 | $0 |
Paul Osterndorf Secretary | OfficerTrustee | 4 | $0 |
David Neubauer Treasurer | OfficerTrustee | 4 | $0 |
Robert Coleman Chair - Design Committee | OfficerTrustee | 4 | $0 |
John Adams Chair - Economic Vitality | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,050 |
| Fundraising events | $38,156 |
| Related organizations | $0 |
| Government grants | $12,075 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,809 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $94,090 |
| Total Program Service Revenue | $244,211 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$16,974 |
| Net Income from Gaming Activities | $1,620 |
| Net Income from Sales of Inventory | $556 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $323,507 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,499 |
| 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. | $101,681 |
| Compensation of current officers, directors, key employees. | $38,438 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,665 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,115 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,815 |
| Advertising and promotion | $29,789 |
| Office expenses | $16,914 |
| Information technology | $3,067 |
| Royalties | $0 |
| Occupancy | $35,879 |
| Travel | $7,880 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $953 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,864 |
| All other expenses | $0 |
| Total functional expenses | $290,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,233 |
| Savings and temporary cash investments | $40,012 |
| Pledges and grants receivable | $3,641 |
| Accounts receivable, net | $56 |
| 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 | $1,718 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $138,660 |
| Accounts payable and accrued expenses | $2,400 |
| Grants payable | $0 |
| Deferred revenue | $9,299 |
| 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 | $11,699 |
| Net assets without donor restrictions | $126,961 |
| 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 | $138,660 |