Foley Main Street Inc
- Assets
- $49.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Foley, AL
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 83-3080612
Organization Overview
Foley Main Street Inc is located in Foley, AL. The organization was established in 2019. According to its NTEE Classification (S30) the organization is classified as: Economic 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. Foley Main Street Inc 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 12/2021, Foley Main Street Inc generated $113.0k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $89.1k during the year ending 12/2021. While expenses have increased by 13.1% per year over the past 3 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
2021
Describe the Organization's Program Activity:
Part 3
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darrelyn Dunmore Executive Di | 0 | $59,038 | |
Justin Shanks Vice Preside | 0 | $0 | |
Charlie Ebert Director | 0 | $0 | |
Chad Watkins President | 0 | $0 | |
Barbara Ingram Secretary | 0 | $0 | |
Clark Stewart Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $112,997 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $112,997 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $63,818 |
| Professional fees and other payments to independent contractors | $6,452 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $18,835 |
| Total expenses | $89,105 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $49,541 |
| Other assets | $0 |
| Total assets | $49,541 |
| Total liabilities | $795 |
| Net assets or fund balances | $48,746 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foley Main Street Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Aarp Washington, DC PURPOSE: Grant to support AARP's Livable Communities initiative | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Central Planning & Development District Inc<410 Decatur St Newton, MS | $22,970,956 | $8,929,943 |
Knoxville Convention & Visitors Bureau Inc Knoxville, TN | $5,768,468 | $5,619,069 |
Access To Capital For Entrepreneurs Inc Cleveland, GA | $88,796,114 | $11,013,240 |
The Miami-Dade Beacon Council Inc Miami, FL | $5,791,643 | $5,287,764 |
Sarasota Convention And Visitors Bureau Sarasota, FL | $1,250,974 | $4,640,700 |
Grove Park Foundation Inc Atlanta, GA | $25,190,874 | $3,791,912 |
Woodlawn Foundation Inc Birmingham, AL | $23,281,492 | $7,022,697 |
Vibrant Memphis Inc Memphis, TN | $19,880,886 | $2,783,167 |
East Tampa Business And Civic Association Inc Tampa, FL | $6,775,919 | $3,764,186 |
Mobile Convention & Visitors Corporation Mobile, AL | $2,719,162 | $3,833,596 |
Rowen Foundation Inc Lawrenceville, GA | $75,583,362 | $5,573 |
Tellico Reservoir Development Agency Vonore, TN | $28,907,540 | $4,452,112 |