Main Street Altus Inc
- Assets
- $104.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Altus, OK
- Founding
- 07/1998
- Data as of
- 06/2024
- EIN
- 73-1433817
Organization Overview
Main Street Altus Inc is located in Altus, OK. The organization was established in 1998. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Main Street Altus 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 06/2024, Main Street Altus Inc generated $198.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $205.8k during the year ending 06/2024. While expenses have increased by 4.0% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
PROGRAM EXPENSES TO PROMOTE DOWNTOWN ALTUS, OK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Preston Gunkel President | 4 | $0 | |
Emily Worrell Vice President | 4 | $0 | |
Lindsay Bergmark Secretary | 4 | $0 | |
Lori Holt Treasurer | 4 | $0 | |
Lynna Wilmes Program Director | 40 | $53,907 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,395 |
| Total Program Service Revenue | $117,168 |
| Membership dues | $6,650 |
| Investment income | $1,918 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $198,131 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $575 |
| Salaries, other compensation, and employee benefits | $53,907 |
| Professional fees and other payments to independent contractors | $1,300 |
| Occupancy, rent, utilities, and maintenance | $11,587 |
| Printing, publications, postage, and shipping | $1,598 |
| Other expenses | $136,843 |
| Total expenses | $205,810 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $104,640 |
| Other assets | $0 |
| Total assets | $104,640 |
| Total liabilities | $2,401 |
| Net assets or fund balances | $102,239 |