Main Street Texarkana
- Assets
- $331.2k
- Revenue
- $250.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Texarkana, TX
- Founding
- 07/1992
- Data as of
- 12/2023
- EIN
- 71-0683066
Organization Overview
Main Street Texarkana is located in Texarkana, TX. The organization was established in 1992. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Main Street Texarkana employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Main Street Texarkana 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, Main Street Texarkana generated $250.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $250.8k during the year ending 12/2023. While expenses have increased by 7.5% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVE DOWNTOWN AREA AS AN ECONOMICAL AND COMMERCIAL CENTER BY BRINGING CULTURE AND BUSINESS ENTERPRISES TO THE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVE DOWNTOWN AREA AS AN ECONOMICAL AND COMMERCIAL CENTER BY BRINGING CULTURE AND BUSINESS ENTERPRISES TO THE AREA.
CITY GUIDE PUBLICATION TO PROMOTE TOURISM
DOWNTOWN HOLIDAY & FESTIVAL PROMOTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ina M Mcdowell Executive Dir. | OfficerTrustee | 40 | $58,000 |
Philip Mobley Officer | Officer | 2 | $0 |
Dr Beverly Rowe Officer | Officer | 2 | $0 |
Steve Thompson Treasurer | Officer | 2 | $0 |
James Bright President | Officer | 2 | $0 |
Jon Shepard Officer | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,458 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $71,188 |
| All other contributions, gifts, grants, and similar amounts not included above | $161,970 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $246,616 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,588 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $997 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $250,201 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $27,445 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $69,295 |
| Compensation of current officers, directors, key employees. | $17,324 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,301 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $188 |
| Advertising and promotion | $6,222 |
| Office expenses | $2,542 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,900 |
| Travel | $2,315 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,902 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $376 |
| Insurance | $2,145 |
| All other expenses | $11,481 |
| Total functional expenses | $250,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $185,677 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,090 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $47,174 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $553 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $51,755 |
| Total assets | $331,249 |
| Accounts payable and accrued expenses | $1,250 |
| 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 | $1,286 |
| Total liabilities | $2,536 |
| Net assets without donor restrictions | $328,713 |
| 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 | $331,249 |