Main Street Fort Dodge
- Assets
- $463.7k
- Revenue
- $132.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Fort Dodge, IA
- Founding
- 06/2018
- Data as of
- 12/2021
- EIN
- 82-3270664
Organization Overview
Main Street Fort Dodge is located in Fort Dodge, IA. The organization was established in 2018. 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 12/2021, Main Street Fort Dodge employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Main Street Fort Dodge 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 12/2021, Main Street Fort Dodge generated $132.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $99.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MAIN STREET FORT DODGE IS A VOLUNTEER ORGANIZATION THAT FOSTERS PUBLIC-PRIVATE PARTNERSHIPS, TO REVITALIZE AND MARKET HISTORIC DOWNTOWN FORT DODGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKING TO RECLAIM THE DOWNTOWN'S HISTORICAL PURPOSE AND PROSPERITY BY REVITALIZING THE CULTURE AND CHARACTER OF ITS ORIGINAL MERCHANT DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Kay Daniel Promotion Chair | Trustee | 0.87 | $0 |
Tim Doyle Board Member | Trustee | 0.31 | $0 |
Laura Eastwood Board Member | Trustee | 0.33 | $0 |
Kathy Flannery-Salgren Treasurer | OfficerTrustee | 0.69 | $0 |
Rob Grebner Communications Chair | Trustee | 0.63 | $0 |
Luke Hugghins Past-President | Trustee | 0.98 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $123,521 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,092 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,613 |
| Total Program Service Revenue | $0 |
| Investment income | $738 |
| 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 | $132,351 |
| 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 | $32,422 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,507 |
| Payroll taxes | $2,207 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,178 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,505 |
| Office expenses | $1,751 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $755 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,911 |
| All other expenses | $0 |
| Total functional expenses | $99,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $229,708 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,702 |
| 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 | $4,328 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $212,938 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $463,676 |
| Accounts payable and accrued expenses | $2,243 |
| Grants payable | $0 |
| Deferred revenue | $15,983 |
| 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 | $18,226 |
| Net assets without donor restrictions | $445,450 |
| 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 | $463,676 |