Oyster Bay Main Street Association
- Assets
- $138.8k
- Revenue
- $178.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Oyster Bay, NY
- Founding
- 04/2002
- Data as of
- 08/2022
- EIN
- 11-3623349
Organization Overview
Oyster Bay Main Street Association is located in Oyster Bay, NY. The organization was established in 2002. 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. As of 08/2022, Oyster Bay Main Street Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oyster Bay 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 08/2022, Oyster Bay Main Street Association generated $178.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $227.8k during the year ending 08/2022. 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
THE OYSTER BAY MAIN STREET ASSOCIATION IS A NON-PROFIT ORGANIZATION DEDICATED TO CREATING A HEALTHY ECONOMY IN AN ATTRACTIVE HAMLET, WHILE MAINTAINING THE DOWNTOWN'S HISTORIC INTEGRITY. WE ENGAGE THE PUBLIC AND PRIVATE SECTORS TO REVITALIZE THE HEART OF OYSTER BAY THROUGH RESPONSIBLE PRESERVATION, BEAUTIFICATION, COMMUNITY EVENTS, EDUCATIONAL OUTREACH, AND BUSINESS DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY EVENTS: THROUGHOUT THE YEAR OBMSA ORGANIZES FREE EVENTS IN THE DOWNTOWN TO HELP FOSTER A SENSE OF COMMUNITY, BRING PEOPLE TOGETHER, AND ENCOURAGE OUR MEMBERS TO SHOP LOCAL. WE HOST A VARIETY OF EVENTS, INCLUDING: THE OYSTER BAY MARKET, DANCING IN THE STREET, BOO-TIQUES BY THE BAY, AND THE HOLIDAY STROLL AND TREE LIGHTING.
FACADE & SIGN IMPROVEMENT: THROUGH THE ORGANIZATION'S PRIVATELY FUNDED GRANT WE ASSISTED BUSINESS OWNERS IN THE DOWNTOWN WITH GRANT MONEY TO FABRICATE AND INSTALL SIGNS IN THE BUSINESS DISTRICT.
SEASONAL DECORATIONS: THE ORGANIZATION DECORATED THE LAMP POSTS OF THE DOWNTOWN BUSINESS DISTRICT WITH 168 HANGING BASKETS IN THE SUMMER AND 168 WREATHS IN THE WINTER. THE ORGANIZATION ALSO PURCHASES THE HOLIDAY DECORATIONS AND CHRISTMAS TREE IN THE CENTER OF THE DOWNTOWN. OBMSA INSTALLS AND MAINTAINS ALL DECORATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meredith Maus Executive Director | Officer | 40 | $64,134 |
Timothy Dipietro Treasurer | OfficerTrustee | 3 | $0 |
John Bonifacio Vice President | OfficerTrustee | 3 | $0 |
Sandra Coudert Graham President | OfficerTrustee | 5 | $0 |
Diane Hauser Secretary | OfficerTrustee | 3 | $0 |
Diane Meltzer Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $23,766 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $117,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $141,366 |
| Total Program Service Revenue | $0 |
| Investment income | $18 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $36,778 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $178,162 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $66,650 |
| Compensation of current officers, directors, key employees. | $19,995 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,865 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,272 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,952 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,420 |
| Information technology | $4,965 |
| Royalties | $0 |
| Occupancy | $15,620 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $196 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,212 |
| All other expenses | $1,281 |
| Total functional expenses | $227,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,618 |
| 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 | $4,200 |
| 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 | $138,818 |
| Accounts payable and accrued expenses | $11,394 |
| 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 | $11,394 |
| Net assets without donor restrictions | $127,424 |
| 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 | $138,818 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Oyster Bay Main Street Association has recieved totaling $88,956.
| Awarding Organization | Amount |
|---|---|
Frederic R Coudert Foundation Melville, NY PURPOSE: COMMUNITY | $50,000 |
Bahnik Foundation Inc Oyster Bay, NY PURPOSE: GENERAL PURPOSES | $25,000 |
The Milana Family Foundation Inc Oyster Bay, NY PURPOSE: GENERAL DONATION | $10,500 |
Committee For The Oyster Bay Turkey Trot Inc Syosset, NY PURPOSE: DONATION | $2,000 |
The Phffoundation Inc Old Greenwich, CT PURPOSE: GENERAL PURPOSE | $1,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $408 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Connecticut Institute For Communities Inc Danbury, CT | $23,773,882 | $36,794,150 |
Pidc-Developement Management Corporation Philadelphia, PA | $0 | $30,722,052 |
Delaware River Waterfront Corporation Philadelphia, PA | $26,551,411 | $24,883,136 |
T R W I B Inc Pittsburgh, PA | $14,392,055 | $22,959,509 |
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Insitech Inc Warren, NJ | $450,270 | $14,466,949 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |
Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |
Alleghenies Planning And Development Commission Altoona, PA | $25,721,818 | $9,986,298 |
Sports Fans Coalition Ny Inc Ronkonkoma, NY | $633,460 | $8,459,536 |
Greater Philadelphia Tourism Marketing Corporation Philadelphia, PA | $11,403,385 | $8,019,397 |
Greater Boston Convention And Tourist Bureau Inc Boston, MA | $3,175,283 | $8,778,402 |