Puyallup Main Street Association
- Assets
- $429.0k
- Revenue
- $392.1k
- Investments
- $0.0
- Employees
- 13
- Location
- Puyallup, WA
- Founding
- 11/1994
- Data as of
- 12/2022
- EIN
- 94-3116104
Organization Overview
Puyallup Main Street Association is located in Puyallup, WA. The organization was established in 1994. 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, Puyallup Main Street Association employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Puyallup Main Street Association 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, Puyallup Main Street Association generated $392.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $382.4k during the year ending 12/2022. While expenses have increased by 5.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
COMMUNITY REVITALIZATION TO REPRESENT AND SUPPORT A VITAL DOWNTOWN BY PROMOTING ECONOMIC GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO REVITALIZE, DEVELOP AND ENHANCE THE ECONOMIC GROWTH OF THE CITY OF PUYALLUP BY IMPROVING, PROMOTING AND ENCOURAGING BUSINESSES TO BUILD A POSITIVE IMAGE OF THE TOTAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerry Yanasak Executive Di | Trustee | 40 | $83,500 |
David Alexander Treasurer | OfficerTrustee | 2 | $0 |
Mary Anderson Board Member | Trustee | 1 | $0 |
Cari Dixon Secretary | OfficerTrustee | 2 | $0 |
Erik Edvalds Board Member | Trustee | 1 | $0 |
Rich Guzman President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $204,512 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $109,004 |
| Noncash contributions included in lines 1a–1f | $20,710 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $328,516 |
| Total Program Service Revenue | $36,735 |
| Investment income | $188 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $26,625 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $392,064 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $38,344 |
| 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 | $153,048 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,657 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,929 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,670 |
| Office expenses | $11,484 |
| Information technology | $268 |
| Royalties | $0 |
| Occupancy | $33,898 |
| Travel | $4,310 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,312 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $162 |
| Insurance | $12,699 |
| All other expenses | $25,731 |
| Total functional expenses | $382,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $921 |
| Savings and temporary cash investments | $363,654 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,200 |
| 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 | $2,254 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $429,029 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,988 |
| Total liabilities | $1,988 |
| Net assets without donor restrictions | $0 |
| 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 | $427,041 |
| Total liabilities and net assets/fund balances | $429,029 |
Grants Awarded
Over the last fiscal year, Puyallup Main Street Association has awarded $19,063 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MAIN STREET INVESTMENTS | | | $6,958 |
MOSAIC REAL ESTATE | | | $7,100 |
RICHARD HANSEN | | | $5,005 |