Main Street Mcminnville Inc
- Assets
- $86.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mcminnville, TN
- Founding
- 04/2000
- Data as of
- 06/2022
- EIN
- 62-1804950
Organization Overview
Main Street Mcminnville Inc is located in Mcminnville, TN. The organization was established in 2000. 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. Main Street Mcminnville 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 06/2022, Main Street Mcminnville Inc generated $89.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $76.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 7 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
2022
Describe the Organization's Program Activity:
Part 3
MAIN STREET MCMINNVILLE STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS JULY 1, 2021 - JUNE 30, 2022DURING THE LAST FISCAL YEAR FROM JULY 1, 2021 TO JUNE 30, 2022, MAIN STREET MCMINNVILLE CONTINUED AS A CERTIFIED MEMBER OF THE NATIONAL MAIN STREET ORGANIZATION TO OFFER BENEFITS TO THE COMMUNITY OF WARREN COUNTY, VISITORS AND THE BUSINESSES THAT RESIDE ON MAIN STREET WITHIN THE HISTORIC DISTRICT. MAIN STREET MCMINNVILLE OPERATES WITH A BOARD OF DIRECTORS WITH THE FOLLOWING NATIONAL MAIN STREET FOUR POINT ORGANIZATION: 1. DESIGN COMMITTEE - ASSISTANCE WITH HISTORIC DISTRICT GUIDELINE IMPLEMENTATION FOR DESIGN AND RESTORATION, WEB SITE VIEWING OF PROPERTIES FOR RENT AND FOR SALE WITHIN THE DISTRICT, REPAIR AND REPLACE WINDOWS IN HISTORIC BUILDING THROUGH A GRANT; 2. PROMOTION COMMITTEE - SPONSORED MULTIPLE COMMUNITY EVENTS, SUCH AS MAIN STREET LIVE, AN EIGHT WEEK EVENT IN THE SUMMER THAT OFFERS FREE COMMUNITY CONCERTS EACH FRIDAY NIGHT WITH AN AVERAGE ATTENDANCE ABOVE 700 PEOPLE, CHRISTMAS DOWNTOWN EVENT, SUPPORT TO OTHER COMMUNITY EVENTS SUCH AS THE AUTUMN STREET FAIR, HIGHLAND RIM CYCLING EVENT, FOURTH OF JULY CELEBRATION, CHRISTMAS PARADE, AND OTHERS;3. ORGANIZATION COMMITTEE - MEMBERSHIP DRIVES, FUNDRAISERS, EDUCATIONAL OPPORTUNITIES FOR BUSINESS OWNERS, PRODUCTION OF A NEWSLETTER SENT TO MEMBERS;4. ECONOMIC RESTRUCTURING COMMITTEE - CONTINUED TO OFFER A TAX ABATEMENT PROGRAM TO BUSINESS AND BUILDING OWNERS BUT THERE WERE NONE IMPLEMENTED DURING THIS PERIOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alma Shoemaker Director | 1 | $0 | |
Rodney Boyd Secretary | 2 | $0 | |
Rachel Killebrew Director | 1 | $0 | |
Raven Young President | 1 | $0 | |
Donna Turner Director | 1 | $0 | |
Amy-Jo Stanford Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,915 |
| Total Program Service Revenue | $40,925 |
| Membership dues | $5,989 |
| Investment income | $160 |
| Gain or Loss | $1,310 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $89,299 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $18,218 |
| Professional fees and other payments to independent contractors | $22 |
| Occupancy, rent, utilities, and maintenance | $4,200 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $53,523 |
| Total expenses | $75,963 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $86,762 |
| Other assets | $0 |
| Total assets | $86,762 |
| Total liabilities | $26,013 |
| Net assets or fund balances | $60,749 |