Fernandina Beach Main Street Foundation Inc
- Assets
- $219.6k
- Revenue
- $254.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Fernandina Beach, FL
- Founding
- 08/2018
- Data as of
- 09/2023
- EIN
- 83-1346245
Organization Overview
Fernandina Beach Main Street Foundation Inc is located in Fernandina Beach, FL. The organization was established in 2018. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, 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. Fernandina Beach Main Street Foundation 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 09/2023, Fernandina Beach Main Street Foundation Inc generated $254.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 71.9% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FERNANDINA BEACH MAIN STREET FOUNDATION IS COMMITTED TO HISTORICAL PRESERVATION AND ENSURING THE ECONOMIC VITALITY IN DOWNTOWN FERNANDINA BEACH, FLORIDA. FERNANDINA BEACH MAIN STREET FOUNDATION ACCOMPLISHES IT'S GOALS THROUGH FOUR VOLUNTEER LED COUNCILS - DESIGN, ECONOMIC VITALITY, PROMOTIONS, AND ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FERNANDINA BEACH ISLAND HOP - COMMUNITY EVENT, DRAWS CROWDS TO COMMUNITY, PUBLIC RELATIONS
FERNANDINA BEACH MEMORIAL BENCHES - PROVIDES DOWNTOWN SEATING, PUBLIC RELATIONS
FERNANDINA BEACH MAIN STREET ORGANIZES AND SPONSORS COMMUNITY EVENTS IN THE DOWNTOWN DISTRICT. THESE EVENTS SERVE TO ENHANCE THE BUSINESS ATMOSPHERE AND INCREASE ECONOMIC ACTIVITY FOR DOWNTOWN MERCHANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Finkelstein Executive Di | OfficerTrustee | 35 | $57,567 |
Theresa Duncan Chair | Trustee | 1 | $0 |
Mark Gearis Board Member | Trustee | 1 | $0 |
Jeremiah Glisson Ex-Officio B | Trustee | 1 | $0 |
Arthur Buddy Jacobs Ex-Officio B | Trustee | 1 | $0 |
Jonathan Lasserre Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $32,792 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,292 |
| Total Program Service Revenue | $137,154 |
| Investment income | $1,525 |
| 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 | $175 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $254,146 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,618 |
| 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. | $57,567 |
| Compensation of current officers, directors, key employees. | $57,567 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,635 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,349 |
| Office expenses | $5,148 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,207 |
| Travel | $3,015 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,561 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,449 |
| All other expenses | $0 |
| Total functional expenses | $173,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,401 |
| Savings and temporary cash investments | $126,525 |
| 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 | $720 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $219,646 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $219,128 |
| Net assets with donor restrictions | $518 |
| 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 | $219,646 |