Main Street Alabama
- Assets
- $445.0k
- Revenue
- $593.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Birmingham, AL
- Founding
- 04/2010
- Data as of
- 09/2022
- EIN
- 27-1847357
Organization Overview
Main Street Alabama is located in Birmingham, AL. The organization was established in 2010. According to its NTEE Classification (S19) the organization is classified as: Support N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2022, Main Street Alabama employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Main Street Alabama 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 09/2022, Main Street Alabama generated $593.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $642.5k during the year ending 09/2022. While expenses have increased by 5.6% per year over the past 7 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
TO EDUCATE CITIZENS ABOUT WAYS TO REVITALIZE AND PRESERVE THEIR SMALL TOWN DOWNTOWNS AND URBAN NEIGHBORHOOD COMMERCIAL CENTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELD EDUCATIONAL WORKSHOPS TO EDUCATE CITIZENS ABOUT WAYS TO REVITALIZE AND PRESERVE SMALL TOWN DOWNTOWNS AND NEIGHBORHOOD COMMERCIAL CENTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Byard Board Chairm | OfficerTrustee | $0 | |
Paul Carruthers Chair Of Dev | OfficerTrustee | $0 | |
Ernie Cowart Secretary | OfficerTrustee | $0 | |
Paul W Kennedy Treasurer | OfficerTrustee | $0 | |
Nisa Miranda Chair Of Gov | OfficerTrustee | $0 | |
Lisa Miller Immed Past C | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $80,225 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $284,366 |
| All other contributions, gifts, grants, and similar amounts not included above | $188,516 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $553,107 |
| Total Program Service Revenue | $40,307 |
| Investment income | $25 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $593,439 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $273,708 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,035 |
| Payroll taxes | $20,939 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,065 |
| Office expenses | $15,526 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $22,672 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,450 |
| All other expenses | $77,657 |
| Total functional expenses | $642,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,315 |
| Savings and temporary cash investments | $249,702 |
| Pledges and grants receivable | $21,000 |
| 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 | $0 |
| 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 | $445,017 |
| Accounts payable and accrued expenses | $323 |
| 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 | $4,778 |
| Total liabilities | $5,101 |
| Net assets without donor restrictions | $418,916 |
| Net assets with donor restrictions | $21,000 |
| 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 | $445,017 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Main Street Alabama has recieved totaling $56,000.
| Awarding Organization | Amount |
|---|---|
Daniel Foundation Of Alabama Birmingham, AL PURPOSE: CHARITABLE | $25,000 |
Alabama Power Foundation Inc Birmingham, AL PURPOSE: GENERAL/OPERATING | $20,000 |
Truist Foundation Inc Orlando, FL PURPOSE: GENERAL OPERATING | $10,000 |
Mike And Gillian Goodrich Charitable Foundation Birmingham, AL PURPOSE: OPERATING SUPPORT OF ORGANIZATION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Toolbank Usa Inc Atlanta, GA | $1,496,142 | $1,196,264 |
Main Street Alabama Birmingham, AL | $445,017 | $593,439 |
Revolt Ministries Panama City, FL | $267,835 | $264,997 |
1edtech Foundation Lake Mary, FL | $161,617 | $142,500 |
Mdglcc Foundation Inc Miami Beach, FL | $52,531 | $0 |
Consider The Lilies Thrift Shop Inc High Springs, FL | $28,314 | $0 |
Operation Ukraine Columbus, MS | $75,570 | $0 |
Revival-Memphis A Non Profit Corporation Memphis, TN | $43,161 | $0 |
Colombian Volunteer Ladies Of Tampa Bay Inc Tampa, FL | $10,847 | $0 |
Brown Riverfront Esplanade Foundation Inc Ormond Beach, FL | $20,194,910 | $19,378,162 |
Others Of Northwest Florida Inc Destin, FL | $0 | $12,951 |
Gathering Book Of Acts Ministry Cooper City, FL | $26,481 | $0 |