Cape Charles Va Main Street Inc
- Assets
- $50.5k
- Revenue
- $353.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Cape Charles, VA
- Founding
- 03/2018
- Data as of
- 06/2024
- EIN
- 82-3611632
Organization Overview
Cape Charles Va Main Street Inc, operating under the name Cape Charles Main Street, is located in Cape Charles, VA. The organization was established in 2018. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2024, Cape Charles Main Street employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cape Charles Main Street 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 06/2024, Cape Charles Main Street generated $353.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.9% each year . All expenses for the organization totaled $463.1k during the year ending 06/2024. While expenses have increased by 30.8% per year over the past 4 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
CREATE A VIBRANT AND ATTRACTIVE DOWNTOWN THAT PRESERVES HISTORICAL CHARACTER, ENCOURAGES ECONOMIC DEVELOPMENT AND ENHANCES THE QUALITY OF LIFE
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPE CHARLES MAIN STREET HELD ITS MAIN YEARLY PROGRAM EVENT, FESTIVE FRIDAYS (THE FRIDAYS BETWEEN THANKSGIVING AND CHRISTMAS) FROM 5-8 EACH FRIDAY. THE PURPOSE WAS TO ATTRACT VISITORS TO SHOP, STAY AND PLAY IN CAPE CHARLES HISTORIC DISTRICT. VISITORS WERE TREATED TO FREE CARRIAGE RIDES, SANTA CLAUS AND MRS. CLAUS, SNOW, FREE MUSIC, FREE MOVIES, FREE FACE PAINTING AND JUGGLERS.
OTHER PROGRAM SERVICES INCLUDE SALARIES AND WAGES, CONFERENCE AND MEETINGS, INFORMATION TECHNOLOGY, AND OCCUPANCY EXPENSES WHICH ARE NOT DIRECTLY RELATED TO A SPECIFIC PROGRAM, BUT SUPPORT THE GENERAL OBJECTIVES OF ORGANIZATION TO PROMOTE THE TOWN OF CAPE CHARLES.
STREETSCAPE BEAUTIFICATION DESIGN AND IMPLEMENTATION PROJECTS WERE CARRIED OUT DURING THE FISCAL YEAR TO HELP MAKE THE CAPE CHARLES HISTORIC DISTRICT A MORE BEAUTIFUL AND APPEALING PLACE TO SHOP, STAY AND PLAY. THE MAJOR PROJECTS, AMONG SEVERAL OTHERS, WERE MAINTAING A HISTORIC TRAIN THAT IS PROMINENTLY DISPLAYED IN THE HISTORIC DISTRICT, THE ACQUISITION OF LIGHTING USED FOR DISPLAY IN THE HISTORIC DISTRICT, AND DESIGN COSTS FOR A VISITOR CENTER.
CAPE CHARLES MAIN STREET CONTINUED ITS GENERAL EFFORTS TO PROMOTE THE CAPE CHARLES HISTORIC DISTRICT BY HOSTING SEVERAL OTHER SMALLER COMMUNITY EVENTS, INCLUDING THE LOVE FEST, THE LOVE RUN AND OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Stramm President B Of D | OfficerTrustee | 10 | $0 |
Patricia Harris Vice President B Of D | OfficerTrustee | 8 | $0 |
Gerry Taylor Treasurer | OfficerTrustee | 5 | $0 |
Tara Ashworth Secretary | OfficerTrustee | 5 | $0 |
Julie Crouse Board Member | Trustee | 5 | $0 |
Jay Abella Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $271,749 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,465 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $305,214 |
| Total Program Service Revenue | $70,814 |
| Investment income | $585 |
| 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 | -$22,785 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $353,828 |
| 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. | $54,705 |
| Compensation of current officers, directors, key employees. | $13,676 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,271 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,112 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,036 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $47,427 |
| Office expenses | $7,593 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,075 |
| Travel | $4,218 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,028 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,668 |
| Insurance | $2,610 |
| All other expenses | $0 |
| Total functional expenses | $463,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,242 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,909 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,302 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,285 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,734 |
| Other assets | $0 |
| Total assets | $50,472 |
| Accounts payable and accrued expenses | $18,611 |
| Grants payable | $0 |
| Deferred revenue | $14,830 |
| 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 | $33,441 |
| Net assets without donor restrictions | $17,031 |
| 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 | $50,472 |