Main Street Ventures
- Assets
- $2.5m
- Revenue
- $1.8m
- Investments
- $771.0k
- Employees
- 4
- Location
- Cincinnati, OH
- Founding
- 03/2000
- Data as of
- 06/2022
- EIN
- 31-1663711
Organization Overview
Main Street Ventures is located in Cincinnati, OH. The organization was established in 2000. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Main Street Ventures employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Main Street Ventures 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 06/2022, Main Street Ventures generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 4.7% 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.
Since 2015, Main Street Ventures has awarded 144 individual grants totaling $4,091,282. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE REGIONAL ECONOMIC DEVELOPMENT BY PROVIDING A PHYSICAL STRUCTURE TO START-UP AND EMERGING TECHNOLOGY BUSINESSES; TO EDUCATE THE REGIONAL BUSINESS COMMUNITIES ON TECHNOLOGY ISSUES AND OPPORTUNITIES; TO PROVIDE A FORUM FOR THE DISSEMINATION OF IDEAS, TECHNOLOGY, BUSINESS PRACTICES, AND OTHER INFORMATION AMONG REGIONAL TECHNOLOGY BUSINESS AND REGIONAL COLLEGES AND UNIVERSITIES; AND TO CONDUCT ANY ACTIVITY CONSISTENT WITH SUCH PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAIN STREET VENTURES: AN ENTREPRENEUR-SUPPORT ORGANIZATION FOCUSED ON ENTREPRENEURIAL ECOSYSTEM BUILDING AND INCREASING ACCESS TO CAPITAL FOR EMERGING BUSINESSES WITH THE POTENTIAL TO CREATE JOBS AND OPPORTUNITIES IN THE REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Bonnell Executive Director | OfficerTrustee | 40 | $110,216 |
Tony Alexander President | OfficerTrustee | 2 | $78,169 |
Sarah Kubala CFO | Officer | 5 | $18,000 |
Tara Noland Vice President | OfficerTrustee | 2 | $0 |
Robert W Mcdonald Secretary | OfficerTrustee | 2 | $0 |
John Moore Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,282,754 |
| All other contributions, gifts, grants, and similar amounts not included above | $452,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,734,754 |
| Total Program Service Revenue | $5,040 |
| Investment income | $23,669 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,735 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,779,738 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $742,819 |
| 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. | $101,745 |
| Compensation of current officers, directors, key employees. | $16,279 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $113,606 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,432 |
| Payroll taxes | $16,542 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,248 |
| Fees for services: Accounting | $4,052 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,363 |
| Fees for services: Other | $5,584 |
| Advertising and promotion | $125,954 |
| Office expenses | $7,264 |
| Information technology | $7,080 |
| Royalties | $0 |
| Occupancy | $24,500 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,213 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,405 |
| Insurance | $7,812 |
| All other expenses | $7,273 |
| Total functional expenses | $1,265,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,593 |
| Savings and temporary cash investments | $976,495 |
| Pledges and grants receivable | $330,000 |
| Accounts receivable, net | $47,786 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $149,729 |
| 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 | $771,035 |
| Investments—program-related | $140,470 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,515,108 |
| Accounts payable and accrued expenses | $39,993 |
| 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 | $149,729 |
| Total liabilities | $189,722 |
| Net assets without donor restrictions | $2,325,386 |
| 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 | $2,515,108 |
Grants Awarded
Over the last fiscal year, Main Street Ventures has awarded $721,632 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
Cincinnati, OH PURPOSE: SEED FUNDING | $50,000 |
JUST QIN BBQ PURPOSE: SEED FUNDING | $30,000 |
THE AREPA PLACE LLC PURPOSE: SEED FUNDING | $30,000 |
SWEET MAE'S COOKIES CO PURPOSE: SEED FUNDING | $30,000 |
BROWN BEAR BAKERY PURPOSE: SEED FUNDING | $30,000 |
CINCY SWEETS BY LIZ PURPOSE: SEED FUNDING | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Main Street Ventures has recieved totaling $194,166.
| Awarding Organization | Amount |
|---|---|
Hcs Foundation Cleveland, OH PURPOSE: FINAL INSTALLMENT TO SUPPORT LEAP GRANTS TO EMERGING BUSINESSES IN THE CINCINNATI AREA | $166,666 |
Diane J And Robert A Mcdonald Family Foundation Windmere, FL PURPOSE: FURTHER THE ORGANIZATIONS CHARITABLE PURPOSE. | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,000 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH PURPOSE: GALLERY AT GUMBO SERIES | $5,500 |
Burkehaven Family Foundation West Roxbury, MA PURPOSE: GENERAL CHARITABLE SUPPORT | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Camc Health Education And Research Institute Inc Charleston, WV | $10,132,150 | $15,955,209 |
Childrens Center For Developmental Enrichment Westerville, OH | $12,309,399 | $12,926,419 |
Ecumenical Community Hershey, PA | $4,358,759 | $9,348,993 |
Edchoice Inc Indianapolis, IN | $20,542,454 | $10,117,129 |
Teachers Treasures Inc Indianapolis, IN | $1,070,406 | $9,359,257 |
Rev1 Ventures Columbus, OH | $21,187,153 | $10,381,705 |
Integrity Educational Services Grand Rapids, MI | $1,165,431 | $9,051,642 |
Mcelhattan Foundation Pittsburgh, PA | $120,280,311 | $4,922,440 |
Preschool Promise Inc Dayton, OH | $4,299,915 | $8,117,368 |
Bradford-Tioga Head Start Inc Blossburg, PA | $1,137,581 | $6,636,827 |
First Steps Kent Grand Rapids, MI | $2,604,123 | $6,363,440 |
I Know I Can Columbus, OH | $49,678,666 | $6,921,288 |