Artesia Mainstreet Inc is located in Artesia, NM. The organization was established in 1998. 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 12/2022, Artesia Mainstreet Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Artesia Mainstreet 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 12/2022, Artesia Mainstreet Inc generated $364.9k 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 (10.6%) each year. All expenses for the organization totaled $525.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.8%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RESTORATION AND PRESERVATION OF HISTORIC DOWNTOWN, STIMULATION OF ECONOMICALLY VIABLE BUSINESS ENVIRONMENT IN DOWNTOWN AREA, AND PROVIDING HISTORIC AND CULTURAL RESOURCES TO RESIDENTS AND VISITORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIRST STREET GREENWAY-CONSTRUCTION & MAINTENANCE: ELEVEN ACRES OF LAND HAS BEEN IMPROVED WITH APPROXIMATELY 500 TREES AND ORNAMENTAL BUSHES AND GRASS ALONG NORTH HIGHWAY 285. THIS MAIN ENTRY INTO ARTESIA, NM IS PARALLELED BY A RAILWAY LINE, A LARGE INDUSTRIAL COMPLEX, A METAL SCRAP YARD AND A HOUSING DEVELOPMENT. IN ORDER TO PRESENT A MORE POSITIVE FIRST IMPRESSION FOR VISITORS, ARTESIA MAINSTREET, INC. HAS CREATED A BEAUTIFUL SCREEN ALONG THIS MAIN THOROUGHFARE TO GREET VISITORS AND INVITE THEM INTO OUR TOWN. ARTESIA MAINSTREET IS RESPONSIBLE FOR MAINTENANCE OF THE GROUNDS INCLUDING THE SPRINKLER SYSTEM AND REPLACEMENT OF LANDSCAPE. MAINTENANCE AND REPAIRS MAKE UP THESE EXPENSES.
FACADE IMPROVEMENT: WORK DONE ON A BUILDING ON MAIN STREET TO IMPROVE THE APPEARANCE AND CONDITION OF THE BUILDING.
DOWNTOWN EVENTS: ARTESIA MAINSTREET HOLDS VARIOUS EVENTS IN THE DOWNTOWN AREA TO DRAW THE COMMUNITY INTO THE AREA TO EXPLORE, SHOP AND SOCIALIZE. THE 2022 EVENTS INCLUDED THE DOWNTOWN CHRISTMAS AND HALLOWEEN FESTIVITIES, RED DIRT BLACK GOLD CONCERT, AND A CAR SHOW. THE RED DIRT BLACK GOLD EVENT WAS AN ALL DAY LONG CELEBRATION INCLUDING FOOD, CLUBS, AND MUSICAL ENTERTAINMENT. FOR HALLOWEEN, DURING TRICK OR TREAT MAINSTREET, THE MAIN STREET ROAD IS CLOSED SO THAT DOWNTOWN BUSINESSES CAN HAND OUT HALLOWEEN CANDY TO HUNDREDS OF LOCAL CHILDREN. THERE IS A DJ AND A "4TH STREET PARTY", A COSTUME CONTEST CO-SPONSORED BY THE CLUB SCOUTS. DURING THE CHRISTMAS SEASON, LIGHT UP ARTESIA IS AN ELECTRIC LIGHT PARADE AND DOWNTOWN SHOPPING EVENT CREATED TO FOSTER COMMUNITY AND SUPPORT ECONOMIC DEVELOPMENT.
DOWNTOWN MAINTENANCE: ARTESIA, NM AREA HAS A POPULATION OF APPROXIMATELY 15,000 CITIZENS. THE DOWNTOWN AREA ENCOMPASSES 40 CITY BLOCKS AND INCLUDES THE DERRICK FLOOR OILFIELD MONUMENT AND THE OILPATCH PLAZA WITH ITS GROUNDS AND FOUNTAIN. THERE ARE 4 ADDITIONAL BRONZE MONUMENTS IN THE DOWNTOWN AREA THAT ARE PART OF THE HISTORY IN BRONZE SERIES: SALLIE CHISUM, KNOWN AS THE FIRST LADY OF ARTESIA, TRAIL BOSS AND THE VAQUERO, BRINGING TO LIFE THE TURN OF THE CENTURY COWBOYS OF THE SOUTHWEST AND THE CATTLE RUSTLER, WHO MAY HAVE BEEN A CONTEMPORARY OF THE FAMED BILLY THE KID. ALL OF THE BRONZES REQUIRE PERIODIC WAXING AND PATINA TOUCH-UPS AND THE BRICKWORK AND LANDSCAPING REQUIRE UPKEEP. ARTESIA'S HERITAGE PLAZA AND WALKWAY IS A BEAUTIFUL CENTERPIECE IN THE DOWNTOWN DISTRICT CONTAINING A 7-FOUNTAIN RIVER DEPICTING THE CULTURE OF OUR AREA, REPRESENTED IN HANDMADE CERAMIC TILES. THE WALLS OF THE WALKWAY HOLDS A RENOVATED HISTORIC MURAL DEPICTING OUR HISTORY, THE TEXTURED FLOOR IS AN ORIGINAL MURAL AND THE ENTIRE AREA IS SHADED WITH DECORATIVE TREES AND PROVIDES SEATING AREAS TO ENCOURAGE VISITORS TO STAY AND ENJOY. ARTESIA MAINSTREET IS ALSO RESPONSIBLE FOR MAINTENANCE OF THE GROUNDS SURROUNDING THE ARTESIA PUBLIC LIBRARY LOCATED IN THE DOWNTOWN DISTRICT AS WELL AS THE BRONZE SCULPTURE LOCATED IN THE ROUNDABOUT AT ITS CORNER. AMS TAKES APPLICATIONS FOR INCLUSION ON THE BAISH VETERANS' PARK WALL OF HONOR. AN ENGRAVING FEE IS COLLECTED FROM EACH APPLICANT. ONCE THE APPLICATION PERIOD IS CLOSED, THE PANEL IS REMOVED AND TRANSPORTED TO HAVE THE NEW VETERANS' NAMES AND SERVICE INFORMATION PROFESSIONALLY ENGRAVED ONTO THE PANEL. THE PANEL IS THEN TRANSPORTED BACK AND RE-INSTALLED. MAINTENANCE, REPAIRS, UTILITIES AND INSURANCE MAKE UP THESE EXPENSES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Elisabeth Jackson Executive Director | Officer | 40 | $42,209 |
Morgan Fox Executive Director | Officer | 40 | $15,325 |
Greg Marrs Director | Trustee | 0 | $0 |
Ronnie Jackson Director | Trustee | 0 | $0 |
Lewis Derrick Director | Trustee | 0 | $0 |
Ken Aaron Director | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $176,995 |
All other contributions, gifts, grants, and similar amounts not included above | $178,833 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $355,828 |
Total Program Service Revenue | $7,592 |
Investment income | $1,374 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $75 |
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 | $364,869 |
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 | $57,535 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $4,503 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $8,200 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $123,409 |
Advertising and promotion | $21,004 |
Office expenses | $9,327 |
Information technology | $1,079 |
Royalties | $0 |
Occupancy | $0 |
Travel | $803 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $294 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $18,411 |
All other expenses | $448 |
Total functional expenses | $525,495 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $54,021 |
Savings and temporary cash investments | $285,961 |
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 | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $443,708 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $5,457,641 |
Total assets | $6,241,331 |
Accounts payable and accrued expenses | $2,806 |
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 | $2,806 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $355,362 |
Paid-in or capital surplus, or land, building, or equipment fund | $6,043,789 |
Retained earnings, endowment, accumulated income, or other funds | -$160,626 |
Total liabilities and net assets/fund balances | $6,241,331 |