Streets Of Laredo Mall Inc
- Assets
- $27.4k
- Revenue
- $206.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Laredo, TX
- Founding
- 02/2001
- Data as of
- 09/2023
- EIN
- 74-2868558
Organization Overview
Streets Of Laredo Mall Inc is located in Laredo, TX. The organization was established in 2001. 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 09/2023, Streets Of Laredo Mall Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Streets Of Laredo Mall Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2023, Streets Of Laredo Mall Inc generated $206.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $234.8k during the year ending 09/2023. While expenses have increased by 1.8% per year over the past 7 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
OUR MISSION IS TO PROMOTE THE ECONOMIC DEVELOPMENT OF DOWNTOWN LAREDO. FOSTERING COMMUNITY PRIDE AND INVOLVEMENT, STIMULATING DIVERSE BUSINESS AND RESIDENTIAL DEVELOPMENT. THE VISION OF LAREDO MAIN STREET IS TO ENHANCE THE VIBRANT MULTICULTURAL COMMUNITY OF OUR HISTORIC DOWNTOWN. OUR GOAL IS TO DIVERSIFY THE ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EL CENTRO DE LAREDO FARMERS MARKET (CLFM) LAREDO MAIN STREET HOSTS THE EL CENTRO DE LAREDO FARMERS MARKET ON THE THIRD SATURDAY OF EACH MONTH, YEAR-ROUND, FROM 11:00 A.M. TO 3:00 P.M. AT THE OUTLET SHOPPES OF LAREDO. THIS MARKET CONNECTS SHOPPERS WITH LOCAL FARMERS, FOOD PRODUCERS, AND ARTISANS, PROMOTING HEALTHY LIVING, SUPPORTING THE LOCAL ECONOMY, AND AIDING DOWNTOWN LAREDO'S REVITALIZATION. THE MARKET HAS ALSO ACTED AS AN ECONOMIC INCUBATOR, WITH AT LEAST THREE LOCAL BUSINESSES STARTING AS VENDORS AND NOW OPERATING BRICK-AND-MORTAR STORES. ESTABLISHED DUE TO DOWNTOWN LAREDO'S DESIGNATION AS A FOOD DESERT BY THE TEXAS DEPARTMENT OF AGRICULTURE, THE MARKET STRIVES TO IMPROVE ACCESS TO FRESH PRODUCE FOR SENIORS AND LOW-INCOME RESIDENTS AFFECTED BY THE AREA'S LACK OF MAJOR GROCERY STORES.
JAMBOOZIE FESTIVAL LAREDO MAIN STREET HOSTED THE HIGHLY SUCCESSFUL UETA JAMBOOZIE, A DOWNTOWN MUSIC FESTIVAL HELD AT CULTURA BEER GARDEN. THE EVENT ATTRACTED OVER 3,000 ATTENDEES AND FEATURED LIVE MUSIC, LOCAL VENDORS, AND CRAFT BREWERIES. THE FESTIVAL NOT ONLY OFFERED ENTERTAINMENT BUT ALSO MADE A SIGNIFICANT ECONOMIC IMPACT ON THE DOWNTOWN AREA, SHOWCASING THE VIBRANCY AND POTENTIAL OF THE LOCAL COMMUNITY.
RECYCLE PROGRAM LAREDO MAIN STREET COLLABORATED WITH TWO LOCAL SCHOOLS, THE HEALTH DEPARTMENT, AND A LOCAL BICYCLE COMPANY TO DEVELOP A STEM PROGRAM FOCUSED ON BICYCLE REPAIR. FOLLOWING A STRUCTURED CURRICULUM, STUDENTS LEARNED THE FIVE BASIC RULES OF BIKE MAINTENANCE. UPON MASTERING THESE SKILLS, THE STUDENTS PARTICIPATED IN THE EL CENTRO DE LAREDO FARMERS MARKET, WHERE THEY OFFERED FREE BICYCLE REPAIRS TO THE COMMUNITY, COMBINING EDUCATION WITH PRACTICAL SERVICE AND PROMOTING SUSTAINABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carole Alexander Board Member | Trustee | 14 | $0 |
Ricardo DE Anda Board Member | Trustee | 7 | $0 |
Miriam Castillo Board Member | Trustee | 7 | $0 |
Erica Contreras Board Member | Trustee | 7 | $0 |
Jack Cruthirds Board Member | Trustee | 7 | $0 |
Betty Flores Board Member | Trustee | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $153,944 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,735 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $160,679 |
| Total Program Service Revenue | $46,052 |
| 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 | $206,731 |
| 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 | $97,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,466 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,097 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,739 |
| Advertising and promotion | $28,104 |
| Office expenses | $4,547 |
| Information technology | $8,536 |
| Royalties | $0 |
| Occupancy | $8,400 |
| Travel | $6,473 |
| 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 | $117 |
| Insurance | $18,425 |
| All other expenses | $8,695 |
| Total functional expenses | $234,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,387 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $200 |
| Net Land, buildings, and equipment | $4,783 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,370 |
| Accounts payable and accrued expenses | $84 |
| 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 | $84 |
| Net assets without donor restrictions | $27,286 |
| 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 | $27,370 |