Howell Main Street Inc
- Assets
- $350.4k
- Revenue
- $179.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Howell, MI
- Founding
- 06/2016
- Data as of
- 06/2023
- EIN
- 81-2891619
Organization Overview
Howell Main Street Inc is located in Howell, MI. The organization was established in 2016. 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. Howell 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 06/2023, Howell Main Street Inc generated $179.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $173.1k during the year ending 06/2023. 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
HOWELL MAIN STREET INC. IS A VOLUNTEER-LED ORGANIZATION FOCUSED ON CREATING A VIBRANT, STRONG, AND ECONOMICALLY VIABLE DOWNTOWN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLACEMAKING, COMMUNITY SPACES AND PROMOTIONS: PROMOTING DOWNTOWN HOWELL AS THE HEART AND HUB OF THE COMMUNITY TO RESIDENTS AND VISITORS THROUGH PROVIDING QUALITY MARKETING, RETAIL, IMAGE BUILDING, AND OTHER SPECIAL EVENTS. CULTIVATING A SENSE OF PLACE, ENSURING OUR COMMUNITY IS AN ATTRACTIVE PLACE TO LIVE,WORK, AND VISIT. PRIMARY RESPONSIBILITIES INCLUDE HISTORIC PRESERVATION,OUTDOOR ART, COMMUNITY SPACE IMPROVEMENTS, EVENTS AND ACTIVITIES,AND OVERALL BEAUTIFICATION OF THE DOWNTOWN. HOWELL MAIN STREET PROVIDED 27,500 OF FACADE AND SIGN GRANTS TO 2 SMALL BUSINESSES IN DOWNTOWN HOWELL. ONE GRANT OF 7,500 WAS FUNDED DURING THE FISCAL YEAR, AND THE REMAINING 20,000 FACADE GRANT THAT WAS COMMITTED IN THE CURRENT FISCAL YEAR WAS NOT FUNDED AND IS SHOWN AS A LIABILITY ON THE 6/30/2021 BALANCE SHEET. HOWELL MAIN STREET EXPENDED 27,825 FOR ARCHITECTURAL FEES, MATERIALS, AND SUPPLIES FOR IMPROVEMENTS TO THE NEW HOWELL SUMMIT GARDEN, CREATING A NEW COMMUNITY SPACE IN DOWNTOWN HOWELL. HOWELL MAIN STREET TYPICALLY PROVIDES SEVERAL COMMUNITY EVENTS IN DOWNTOWN HOWELL, INCLUDING ROCK THE BLOCK MUSIC FESTIVALS, FOOD TRUCK RALLIES, ART WALK, SMALL BUSINESS SATURDAY PARTICIPATION, AND VARIOUS HOLIDAY EVENTS. THESE EVENTS WERE CURTAILED FOR THE MAJORITY OF THIS FISCAL YEAR DUE TO COVID-19 RESTRICTIONS. THE ORGANIZATION IS PLANNING FOR EVENTS TO RE- COMMENCE AS COVID-19 RESTICTIONS ARE LIFTED OR EASED. ESTIMATED 35,000 - 60,000 PERSONS BENEFITED FROM THESE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clark Gill Director | Trustee | $0 | |
Marc Harlow Director / C | OfficerTrustee | $0 | |
Shannon Harvey Director | OfficerTrustee | $0 | |
Richard Lim Director/sec | OfficerTrustee | $0 | |
Donald Maiolatesi Director / T | OfficerTrustee | $0 | |
David Mcdonald Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,000 |
| Total Program Service Revenue | $139,304 |
| Investment income | $459 |
| 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 | $179,763 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $41,571 |
| 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 | $42,577 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,257 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,563 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,389 |
| Advertising and promotion | $535 |
| Office expenses | $3,357 |
| Information technology | $6,563 |
| Royalties | $0 |
| Occupancy | $5,083 |
| Travel | $5,028 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,834 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,323 |
| Insurance | $3,830 |
| All other expenses | $0 |
| Total functional expenses | $173,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,096 |
| Savings and temporary cash investments | $112,655 |
| Pledges and grants receivable | $30,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,644 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $350,395 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $40,000 |
| 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 | $40,000 |
| Net assets without donor restrictions | $310,395 |
| 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 | $350,395 |