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
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 |
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 |