Fells Point Main Street Inc
- Assets
- $184.0k
- Revenue
- $123.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Baltimore, MD
- Founding
- 12/2004
- Data as of
- 12/2022
- EIN
- 73-1709839
Organization Overview
Fells Point Main Street Inc is located in Baltimore, MD. The organization was established in 2004. 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. As of 12/2022, Fells Point Main Street Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fells Point 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 12/2022, Fells Point Main Street Inc generated $123.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.1%) each year. All expenses for the organization totaled $66.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (21.9%) per year over the past 8 years. 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
THE MISSION OF FELL'S POINT MAIN STREET IS TO PROMOTE AND ENCOURAGE ECONOMIC DEVELOPMENT WHILE STRENGTHENING AND REVITALIZING THE GREATER FELL'S POINT BUSINESS DISTRICT IN WAYS THAT MEET THE NEEDS OF BUSINESSES, RESIDENTS, AND VISITORS ALIKE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION NORMALLY RUNS MULTIPLE FESTIVALS IN ORDER TO ATTRACT VISITORS TO THE MAIN STREET DISTRICT WHICH SERVES TO REVITALIZE THE COMMUNITY. COVID-19 PREVENTED THE NORMAL FESTIVITIES. DURING 2020 FELL'S POINT MAIN STREET DID INSTALL CONCRETE BARRIERS AND PLANTERS TO MAKE PARKLETS TO ALLOW FOR OUTDOOR DINING IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tatiana Fish Huang Executive Dir. | Officer | 40 | $25,667 |
Ginny Lawhorn President | OfficerTrustee | 15 | $0 |
Nicholas Johnson Vice President | OfficerTrustee | 15 | $0 |
Samantha Hofherr Secretary | OfficerTrustee | 5 | $0 |
Gail Furman Director | Trustee | 3 | $0 |
Michael Aldrich Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,029 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $98,321 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,350 |
| Total Program Service Revenue | $13,450 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $123,800 |
| 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. | $25,667 |
| Compensation of current officers, directors, key employees. | $7,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $350 |
| Payroll taxes | $2,422 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,065 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,535 |
| Advertising and promotion | $13,422 |
| Office expenses | $922 |
| Information technology | $1,994 |
| Royalties | $0 |
| Occupancy | $942 |
| 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 | $2,485 |
| Insurance | $843 |
| All other expenses | $0 |
| Total functional expenses | $66,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,675 |
| Savings and temporary cash investments | $5,065 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,059 |
| 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 | $0 |
| Net Land, buildings, and equipment | $86,249 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $184,049 |
| Accounts payable and accrued expenses | $19,266 |
| 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 | $0 |
| Total liabilities | $19,266 |
| Net assets without donor restrictions | $164,783 |
| 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 | $184,049 |
Grants Awarded
Over the last fiscal year, Fells Point Main Street Inc has awarded $74,087 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ABBY BURGER FELLS POINT PURPOSE: COVID relief | $9,260 |
COCINA LUCHADORAS PURPOSE: COVID relief | $5,486 |
DOGWATCH TAVERN PURPOSE: COVID relief | $9,260 |
HANDLEBAR CAFE PURPOSE: COVID relief | $9,260 |
KILWINS CHOCOLATE & ICE CREAM PURPOSE: COVID relief | $9,260 |
PIERPOINT RESTAURANT PURPOSE: COVID relief | $5,130 |