Montevallo Main Street
- Assets
- $25.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Montevallo, AL
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 82-1454700
Organization Overview
Montevallo Main Street is located in Montevallo, AL. The organization was established in 2019. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, 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. Montevallo Main Street 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 12/2022, Montevallo Main Street generated $53.2k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 24.8% each year . All expenses for the organization totaled $65.3k during the year ending 12/2022. While expenses have increased by 23.0% per year over the past 2 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
2022
Describe the Organization's Program Activity:
Part 3
TO STIMULATE DOWNTOWN REVITALIZATION OF THE CITY OF MONTEVALLO, ALABAMA THROUGH ORGANIZATION (ENCOURAGING COOPERATION AND BUILDING LEADERSHIP IN THE BUSINESS COMMUNITY); ECONOMIC VITALITY (STRENGHTENING DOWNTOWN'S
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Garrity Promotion Committee Chair | 10 | $0 | |
Jim Mcdonald Sustainability Committee Chair | 10 | $0 | |
Kirk Lightfoot Design Committee Chair | 10 | $0 | |
Ken Jones Economic Vitality Committee Chair | 10 | $0 | |
Kathy King Member | 10 | $0 | |
Anabel Catano Member | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,081 |
| Total Program Service Revenue | $16,181 |
| Membership dues | $10,417 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,486 |
| Other Revenue | $0 |
| Total Revenue | $53,165 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $250 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $65,038 |
| Total expenses | $65,288 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,663 |
| Other assets | $0 |
| Total assets | $25,663 |
| Total liabilities | $0 |
| Net assets or fund balances | $25,663 |