Mount Airy Main Street Association Inc
- Assets
- $48.1k
- Revenue
- $83.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Airy, MD
- Founding
- 10/2008
- Data as of
- 06/2023
- EIN
- 33-1190074
Organization Overview
Mount Airy Main Street Association Inc, operating under the name Mount Airy Main Street Associa, is located in Mount Airy, MD. The organization was established in 2008. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Airy Main Street Associa 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, Mount Airy Main Street Associa generated $83.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $75.0k during the year ending 06/2023. While expenses have increased by 10.6% per year over the past 4 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 2021, Mount Airy Main Street Associa has awarded 17 individual grants totaling $181,499. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
IN CONJUNCTION WITH THE TOWN OF MOUNT AIRY GOVERNMENT, THE MOUT AIRY MAIN STREET ASSOCIATION WORKS TO REVITALIZE THE DOWNTOWN HISTORIC AND COMMERCIAL DISTRICT AND WORKS TO MAKE THE DISTRICT A VIBRANT COMMERCIAL HUB AND A CULTURAL AND A FAMILY FRIENDLY EVENT CENTER BRANDING MOUNT
Describe the Organization's Program Activity:
Part 3 - Line 4a
4A - DURING THE FISCAL YEAR THE ORGANIZATION SPONSORS VARIOUS EVENTS IN THE HISTORIC DOWNTOWN TO ATTRACK VISITORS TO THE TOWN AS PART OF THE REVITALIZATION INITIATIVE AND PROGRAM TO MAKE THE DISTRICT A VIBRANT ECONOMIC CENTER WHILE INCREASING THE TAX BASE OF THE COMMUNITY. THESE EVENTS INCLUDE CARRIAGE RIDES, FESTIVALS, AND HOLIDAY CELEBRATIONS DONE IN COOPERATION WITH THE MOUNT AIRY ECONOMIC DEVELOPMENT COMMISSION, A COMMISSION OF THE TOWN OF MOUNT AIRY GOVERNMENT.
4B - FOR OVER 13 YEARS THE MOUNT AIRY MAIN STREET ASSOCIATION HAS RUN THE THE DOWNTOWN FARMERS MARKET. THIS EVENT WAS CREATED IN RESPONSE TO RESIDENTS REQUESTS FOR A LOCAL MARKET OFFERING LOCAL PRODUCE, MEATS, DAIRY AND OTHER PRODUCTS. ITS PURPOSE WAS AND STILL IS TO SERVICE THE COMMUNITY, FILL A NEED FOR LOCAL, HEATHY, AND FRESH PRODUCE WHILE SUPPORTING LOCAL AGRICULTURE. SEVERAL YEARS AGO THE MARKET STARTED THE NUTRITION BUCKS PROGRAM. USING GRANT FUNDS, THE MARKET OFFERED VOUCHERS ADMINISTERED BY THE LOCAL FOOD BANK TO INDIVIDUALS AND FAMILIES IN THE NEED OF FOOD ASSISTANCE. EVERY YEAR, A PORTION OF THE GRANT FUNDS ARE DISPENSED DIRECTLY TO MOUNT AIRY AREA NET, OUR LOCAL FOOD BANK, TO PROVIDE SOME ASSISTANCE IN THEIR ON-GOING PROGRAM OF SUPPORT TO NEEDED INDIVIDUALS AND FAMILIES. ANY INCOME IN EXCESS OF EXPENSES IS USED TO PAY ANNUAL STARTUP COSTS TO PUT THE MARKET ON A SOLID FINANCIAL FOOTING FOR THE START OF THE NEXT YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Frattali Board Member | Trustee | 2 | $0 |
Deborah Franks-Earls Board Member | Trustee | 5 | $0 |
Billy Deavers Board Member | Trustee | 3 | $0 |
Dave Reagle Board Member | Trustee | 2 | $0 |
Michelle Wenck Board Member | Trustee | 4 | $0 |
Lauren Pulz Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,564 |
| Fundraising events | $145 |
| Related organizations | $0 |
| Government grants | $3,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,359 |
| Noncash contributions included in lines 1a–1f | $653 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,668 |
| Total Program Service Revenue | $72,556 |
| Investment income | $0 |
| 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 | $83,239 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $9,992 |
| Office expenses | $414 |
| Information technology | $487 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $3,219 |
| All other expenses | $15,726 |
| Total functional expenses | $75,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,997 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$1,286 |
| 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 | $421 |
| Total assets | $48,132 |
| Accounts payable and accrued expenses | -$489 |
| 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 | -$489 |
| Net assets without donor restrictions | $0 |
| 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 | $48,621 |
| Total liabilities and net assets/fund balances | $48,132 |
Grants Awarded
Over the last fiscal year, Mount Airy Main Street Association Inc has awarded $181,499 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BLOSSOM & BASKET BOUTIQUE PURPOSE: Covid 19 relief | $13,089 |
BEN GUE ANTIQUES & GIFTS PURPOSE: Covid 19 relief | $8,726 |
BAYLINSON KUDYSH GREENBERG & HELT L PURPOSE: Covid 19 relief | $11,344 |
CORE YOGA LLC PURPOSE: Covid 19 relief | $10,471 |
ATLANTIC ORGANIC FOOD CENTER LLC PURPOSE: Covid 19 relief | $6,981 |
FIREFLY FIXINS LLC PURPOSE: Covid 19 relief | $11,344 |