Lafayette Main Street
- Assets
- $58.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lafayette, AL
- Founding
- Data as of
- 09/2024
- EIN
- 88-4069462
Organization Overview
Lafayette Main Street is located in Lafayette, AL. 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. Lafayette Main Street 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 09/2024, Lafayette Main Street generated $130.8k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 33.9% each year . All expenses for the organization totaled $102.4k during the year ending 09/2024. 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
2024
Describe the Organization's Program Activity:
Part 3
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Stewart Chair | 5 | $0 | |
Stanley Tucker Vice Chair | 5 | $0 | |
Ansley Emfinger Secretary | 5 | $0 | |
Dori Harmon Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,072 |
| Total Program Service Revenue | $0 |
| Membership dues | $75,443 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $130,812 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $40,986 |
| Professional fees and other payments to independent contractors | $11,250 |
| Occupancy, rent, utilities, and maintenance | $2,492 |
| Printing, publications, postage, and shipping | $1,955 |
| Other expenses | $23,223 |
| Total expenses | $102,416 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $57,826 |
| Other assets | $0 |
| Total assets | $58,224 |
| Total liabilities | $1,049 |
| Net assets or fund balances | $57,175 |