Main Street Mobile Inc
- Assets
- $633.7k
- Revenue
- $272.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Mobile, AL
- Founding
- 06/1993
- Data as of
- 06/2021
- EIN
- 63-1072660
Organization Overview
Main Street Mobile Inc is located in Mobile, AL. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Main Street Mobile 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 06/2021, Main Street Mobile Inc generated $272.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.4% each year . All expenses for the organization totaled $242.7k during the year ending 06/2021. While expenses have increased by 24.2% per year over the past 6 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
PROMOTE DEVELOPMENT OF DOWNTOWN MOBILE, AL
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MARKETING, DEVELOPMENT AND PROMOTION PROGRAM SERVES A METROPOLITAN AREA OF 594,00 RESIDENTS AS WELL AS THE VISITORS TO THE DOWNTOWN AREA (3MM ANNUALLY) BY PROVIDING THE PUBLIC WITH INFORMATION ON COMMUNITY EVENTS, PUBLIC ACTIVITIES, BUSINESS OPPORTUNITIES, AND NEW DEVELOPMENTS.
THE AESTHETIC AND FUNCTIONAL IMPROVEMENTS PROGRAM SERVES THE ENTIRE POPULATION OF MOBILE COUNTY (594,000) AS WELL AS THE VISITORS TO THE DOWNTOWN AREA (3MM ANNUALLY) BY MAKING IMPROVEMENTS TO THE HISTORIC DOWNTOWN CORE THAT ENHANCE THE NEIGHBORHOOD'S CREATIVE AND ARTISTIC APPEAL. ADDITIONALLY, THE PROGRAM FUNDS IMPROVEMENTS THAT MAKE DOWNTOWN MORE PHYSICALLY APPEALING AND SAFER FOR RESIDENTS AND VISITORS ALIKE. RECENT PROJECTS INCLUDE THE FUNDING OF MAJOR PUBLIC ART INSTALLATIONS, THE INSTALLATION OF STRATEGICALLY PLACED BICYCLE RACKS, THE FACILITATION OF RESIDENTIAL DEVELOPMENT IN A TRANSITIONAL DOWNTOWN NEIGHBORHOOD, AND THE CREATION OF PLANS TO IMPROVE THE DOWNTOWN STREET GRID.
THE SPECIAL EVENTS PROGRAM SERVES THE ENTIRE POPULATION OF MOBILE COUNTY (594,000), AS WELL AS THE VISITORS TO THE DOWNTOWN AREA (3 MM ANNUALLY) BY PROVIDING LARGE AND SMALL SCALE EVENTS THAT APPEAL TO FAMILIES AND CHILDREN OF ALL AGES. MAIN STREET MOBILE'S PUBLIC EVENTS ARE ALWAYS FREE OF CHARGE AND THUS ATTRACT A GREAT DIVERSITY OF AGE AND DEMOGRAPHIC GROUPS.
MISCELLANEOUS OTHER EXPENSES RELATED TO THE PROMOTION AND DEVELOPMENT OF DOWNTOWN MOBILE, ALABAMA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Byrne Immediate Pa | OfficerTrustee | 0.5 | $0 |
Bertha Boatman Secretary | OfficerTrustee | 1 | $0 |
Ginna Inge Vc - Public | OfficerTrustee | 1 | $0 |
Matt Lemond Vc Econ Deve | OfficerTrustee | 1 | $0 |
Steven Mcmahon Chairman | OfficerTrustee | 1 | $0 |
Jacquitta Powell-Green Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $271,606 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $271,606 |
| Total Program Service Revenue | $0 |
| Investment income | $570 |
| 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 | $272,176 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $640 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $2,566 |
| Total functional expenses | $242,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $416,458 |
| Savings and temporary cash investments | $0 |
| 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 | $368 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $207,667 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,220 |
| Total assets | $633,713 |
| 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 | $0 |
| Other liabilities | $20,000 |
| Total liabilities | $20,000 |
| Net assets without donor restrictions | $382,185 |
| Net assets with donor restrictions | $231,528 |
| 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 | $633,713 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Main Street Mobile Inc has recieved totaling $100,036.
| Awarding Organization | Amount |
|---|---|
Hearin-Chandler Foundation Mobile, AL PURPOSE: OPERATING | $50,000 |
Hearin-Chandler Foundation Mobile, AL PURPOSE: OPERATING | $50,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $36 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Three Rivers Planning & Development District Pontotoc, MS | $48,398,868 | $43,682,575 |
Christian Community Development Corporation Inc Memphis, TN | $275,024,548 | $28,566,509 |
Csra Economic Opportunity Authority Inc Augusta, GA | $4,657,645 | $27,091,304 |
Neighborhood Improvement Project Inc Augusta, GA | $12,770,161 | $24,738,698 |
Hope Enterprise Corporation Jackson, MS | $150,349,143 | $24,959,106 |
Action Pact Inc Waycross, GA | $10,194,672 | $25,026,911 |
Upper East Tennessee Human Development Agency Kingsport, TN | $7,143,102 | $23,146,809 |
Northwest Tennessee Economic Development Council Dresden, TN | $2,980,191 | $21,895,121 |
Tallatoona Community Action Partnership Inc Cartersville, GA | $2,878,907 | $21,403,724 |
Macon Bibb County Economic Opportunity Council Inc Macon, GA | $9,862,743 | $18,330,804 |
Economic Opportunity For Savannah Chatham County Area Inc Savannah, GA | $8,523,279 | $14,850,530 |
Coastal Plain Area Economic Opportunity Authority Inc Valdosta, GA | $6,623,534 | $13,801,263 |