Main Street Jasper Inc
- Assets
- $73.6k
- Revenue
- $279.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Jasper, IN
- Founding
- Data as of
- 12/2022
- EIN
- 85-1336309
Organization Overview
Main Street Jasper Inc, operating under the name Heart Of Jasper, is located in Jasper, IN. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heart Of Jasper 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, Heart Of Jasper generated $279.4k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 48.7% each year . All expenses for the organization totaled $259.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Heart Of Jasper has awarded 32 individual grants totaling $367,129. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE IS: TO REVITALIZE AND IMPROVE PROPERTIES, BUILDINGS, AND HISTORICAL LOCATIONS IN AN AREA KNOWN AS THE MAIN STREET AREA IN THE CITY OF JASPER, INDIANA; TO DEVELOP AND PROMOTE RECREATION AND TOURISM FOR THE CITY OF JASPER, INDIANA; TO FUNCTION EXCLUSIVELY FOR CHARITABLE AND RELIGIOUS PURPOSES, INCLUDING, FOR SUCH PRUPOSES, THE AMKING OF DISTRIBUTIONS TO ACTIVITIES AND PROJECTS WHICH CONTRIBUTE TO THE ACCOMPLISHMENT OF THE EXEMPT PURPOSE SET FORTH ABOVEOT TO ORGANIZATIONS QUALIFIED UNDER SECTION 501(C)(3) OF THE INTERNAL REVEENUE CODE OF 1986, AS AMENDED, OR ANY SUCCESSOR STATUTE THERETO (THE "CODE"); TO HAVE AND EXCERCISE ALL OF THE GENERAL RIGHTS AND POWERS OF NONPROFIT CORPORATIONS PROVIDED FOR BY THE LAWS OF THE STATE OF INDIANA AS THEY NOW EXIST OR BY ANY AMENDMENTS THERETO, SUCH RIGHTS AND POWERS TO BE CONSISTENT WITH AND LIMITED BY THE PURPOSES EXPRESSED ABOVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE AREA DESIGNATED AS MAIN STREET AREA IN JASPER, INDIANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maureen Braun President | OfficerTrustee | 5 | $0 |
Brittany Dunlop Secretary | OfficerTrustee | 5 | $0 |
Caroline Gobert Director | Trustee | 1 | $0 |
Francisca Gonzalez Director | Trustee | 1 | $0 |
Brian K Hostetter Treasurer | OfficerTrustee | 5 | $0 |
Whittney Huff Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $141,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $125,008 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $266,708 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,470 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $279,447 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $209,170 |
| 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 | $26,420 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,074 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,460 |
| Advertising and promotion | $0 |
| Office expenses | $395 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $350 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,896 |
| All other expenses | $2,229 |
| Total functional expenses | $259,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,628 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $73,628 |
| Accounts payable and accrued expenses | $1,648 |
| 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 | $1,648 |
| Net assets without donor restrictions | $71,980 |
| 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 | $73,628 |
Grants Awarded
Over the last fiscal year, Main Street Jasper Inc has awarded $201,670 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
TWO FISH LLC PURPOSE: BUILDING IMPROVEMENT | $10,000 |
CARPENTER REALTY | | | $8,850 |
JASPER PUB & GRUB | | | $6,143 |
WOOD CAPITAL PROPERTIES | | | $10,000 |
YOUNG RENTAL & REALTY | | | $10,000 |
KFAM | | | $10,000 |