Main Street Alabama
- Assets
- $1.5m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Birmingham, AL
- Founding
- 04/2010
- Data as of
- 09/2023
- 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 09/2023, 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 09/2023, Main Street Alabama generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $1.0m during the year ending 09/2023. While expenses have increased by 11.2% 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
2023
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 |
|---|---|---|---|
Jeremy Arthur Vice Chair | OfficerTrustee | $0 | |
Brandon Bias Cochair Of G | OfficerTrustee | $0 | |
Tim Blair Director | Trustee | $0 | |
Stephanie Bryan Director | Trustee | $0 | |
Jim Byard Board Chairm | OfficerTrustee | $0 | |
Paul Carruthers Chair Of Dev | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $98,348 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,577,333 |
| All other contributions, gifts, grants, and similar amounts not included above | $335,180 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,010,861 |
| Total Program Service Revenue | $60,109 |
| Investment income | $15 |
| 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 | $2,070,985 |
| 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 | $292,499 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,423 |
| Payroll taxes | $22,311 |
| 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 | $32,178 |
| Office expenses | $24,819 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $24,871 |
| 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 | $6,492 |
| All other expenses | $129,933 |
| Total functional expenses | $1,028,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $579,638 |
| Savings and temporary cash investments | $915,638 |
| 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 | $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 | $1,495,276 |
| Accounts payable and accrued expenses | $1,188 |
| 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 | $11,649 |
| Total liabilities | $12,837 |
| Net assets without donor restrictions | $707,439 |
| Net assets with donor restrictions | $775,000 |
| 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 | $1,495,276 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Toolbank Usa Inc Atlanta, GA | $2,228,092 | $2,202,586 |
Main Street Alabama Birmingham, AL | $1,495,276 | $2,070,985 |
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Rising Spear Garnet Spirit Inc Tallahassee, FL | $371,552 | $1,179,445 |
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Gifted Global Inc Senoia, GA | $43,395 | $0 |
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Kirkley Foundation Of Fayette County Inc Gadsden, AL | $24,031 | $1,000 |
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