Mainstreet Truth Or Consequences
- Assets
- $37.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Truth or Consequences, NM
- Founding
- 01/2013
- Data as of
- 06/2023
- EIN
- 27-2594746
Organization Overview
Mainstreet Truth Or Consequences is located in Truth or Consequences, NM. The organization was established in 2013. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mainstreet Truth Or Consequences 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 06/2023, Mainstreet Truth Or Consequences generated $56.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $53.6k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (12.1%) per year over the past 4 years. 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
2023
Describe the Organization's Program Activity:
Part 3
PROMOTION OF DOWNTOWN BUSINESS AREA - PRESERVE AND ENHANCE HISTORIC DOWNTOWN TRUTH OR CONSEQUENCES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kate Hall Executive Director | 40 | $2,532 | |
Cathryn Mearsmartin Executive Director | 20 | $5,536 | |
Linda Demarino President | 10 | $0 | |
Sid Bryan Director | 1 | $0 | |
Kari Fresquez Board President | 5 | $0 | |
Joann Long Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,284 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $56,802 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $22,126 |
| Professional fees and other payments to independent contractors | $1,361 |
| Occupancy, rent, utilities, and maintenance | $6,096 |
| Printing, publications, postage, and shipping | $97 |
| Other expenses | $23,929 |
| Total expenses | $53,609 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $37,072 |
| Other assets | $0 |
| Total assets | $37,072 |
| Total liabilities | $0 |
| Net assets or fund balances | $37,072 |