Lynn Main Streets Inc
- Assets
- $88.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lynn, MA
- Founding
- Data as of
- 12/2021
- EIN
- 85-1587425
Organization Overview
Lynn Main Streets Inc is located in Lynn, MA. According to its NTEE Classification (S31) the organization is classified as: Urban & Community 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. Lynn Main Streets 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 12/2021, Lynn Main Streets Inc generated $112.7k in total revenue. All expenses for the organization totaled $38.0k during the year ending 12/2021.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
BRING EXISTING RECOMMENDATIONS AND PLANS FOR DOWNTOWN INTO REALITY, LMS ADOPTED THE MAIN STREET AMERICA PROJECT FRAMEWORK TO FOCUS ON ECONOMIC, VITALITY, DESIGN, PROMOTION AND ORGANIZATION STRATEGIES FOR UNDERUTILIZED HISTORIC DOWNTOWNS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Peral Director | 2 | $0 | |
Reggie Peral Treasurer | 2 | $0 | |
John Judkins President | 2 | $0 | |
Saria Zelada Director | 2 | $0 | |
Samantha Mchugh Secretary | 2 | $0 | |
Carolyn Cole Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $112,735 |
| 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 | $112,735 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $38,037 |
| Total expenses | $38,037 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $45,009 |
| Other assets | $0 |
| Total assets | $88,269 |
| Total liabilities | $0 |
| Net assets or fund balances | $88,269 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lynn Main Streets Inc has recieved totaling $6,915.
| Awarding Organization | Amount |
|---|---|
In Our Backyards Inc Brooklyn, NY PURPOSE: FUNDING FOR CREATIVE REOPENINGS - SUPPORTING SMALL BUSINESS SUSTAINABILITY IN LYNN | $5,915 |
The Devereaux Charitable Foundation Trust Malden, MA PURPOSE: UNRESTRICTED / GENERAL | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Jamaica Development Corp Jamaica, NY | $43,416,674 | $8,397,998 |
South Bronx Overall Economic Development Corporation Bronx, NY | $11,273,834 | $9,485,057 |
Dorchester Bay Economic Development Corporation Dorchester, MA | $50,118,730 | $16,286,134 |
National Basketball Association Foundation New York, NY | $26,984,536 | $31,000,000 |
Rdc Commercial Center Inc Brooklyn, NY | $15,313,985 | $4,091,889 |
Grow America Fund Inc Brooklyn, NY | $143,748,091 | $12,181,976 |
Upper Manhattan Empowerment Zone Development Corporation New York, NY | $90,632,786 | $3,433,188 |
Hester Street Collaborative Inc New York, NY | $3,142,438 | $5,168,829 |
Economic Development Growth Enterprises Corporation Rome, NY | $36,316,583 | $3,664,365 |
Gmdc Two Inc Brooklyn, NY | $16,510,385 | $3,368,424 |
Flatbush Development Corporation Brooklyn, NY | $2,354,911 | $3,995,581 |
Monadnock Economic Development Corporation Keene, NH | $44,564,780 | $2,525,403 |