Main Street Corydon Ind Inc
- Assets
- $1.7m
- Revenue
- $170.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Corydon, IN
- Founding
- 10/1985
- Data as of
- 12/2021
- EIN
- 35-1636264
Organization Overview
Main Street Corydon Ind Inc is located in Corydon, IN. The organization was established in 1985. 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. As of 12/2021, Main Street Corydon Ind Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Main Street Corydon Ind Inc 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 12/2021, Main Street Corydon Ind Inc generated $170.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.6%) each year. All expenses for the organization totaled $113.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MAKE DOWNTOWN CORYDON A PLACE THAT ATTRACTS & WELCOMES RESIDENTS, BUSINESSES & VISITORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MAKE DOWNTOWN CORYDON A PLACE THAT ATTRACTS, WELCOMES AND REFRESHES RESIDENTS, BUSINESS OWNERS, AND VISITORS WITH ITS EXCELLENCE AND ENERGY, THROUGH HISTORIC PRESERVATION, CULTURAL VITALITY, AND ENTREPRENEURIAL SPIRIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angel Frizzell Former Executive Director | 40 | $41,577 | |
Janelle Amy Executive Director | Trustee | 40 | $1,238 |
Tom Tucker Treasurer | OfficerTrustee | 2 | $0 |
Michele Zimmerman Secretary | OfficerTrustee | 3 | $0 |
Eva North President | OfficerTrustee | 3 | $0 |
Jim Koerber Vice President | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,783 |
| All other contributions, gifts, grants, and similar amounts not included above | $118,619 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,402 |
| Total Program Service Revenue | $20,816 |
| Investment income | $3 |
| 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 | $170,481 |
| 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. | $42,815 |
| 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 | $3,275 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $428 |
| Fees for services: Accounting | $6,497 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,505 |
| Office expenses | $561 |
| Information technology | $1,334 |
| Royalties | $0 |
| Occupancy | $3,800 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $149 |
| Interest | $1,435 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,408 |
| Insurance | $5,864 |
| All other expenses | $822 |
| Total functional expenses | $113,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,536 |
| Savings and temporary cash investments | $0 |
| 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 | $210 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,112 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,733,151 |
| Total assets | $1,739,009 |
| Accounts payable and accrued expenses | $65,000 |
| 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 | $1,242,706 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,300 |
| Total liabilities | $1,329,006 |
| Net assets without donor restrictions | $410,003 |
| 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 | $1,739,009 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Main Street Corydon Ind Inc has recieved totaling $11.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indianapolis Foundation Inc Indianapolis, IN | $352,748,809 | $43,731,535 |
Delta Area Economic Opportunity Corporation Portageville, MO | $22,832,856 | $23,706,654 |
Pennyrile Allied Community Services Inc Hopkinsville, KY | $9,618,726 | $22,758,893 |
Lexington Center Corporation Lexington, KY | $378,439,328 | $16,156,810 |
Kentucky River Foothills Development Council Inc Richmond, KY | $12,381,295 | $19,871,173 |
Community Action Of Southern Kentucky Incorporated Bowling Green, KY | $10,381,389 | $18,999,181 |
Northern Kentucky Community Action Commisson Inc Covington, KY | $8,823,439 | $18,121,235 |
Embarras River Basin Agency Inc Greenup, IL | $2,961,671 | $18,793,359 |
Jefferson Franklin Community Action Corporation Hillsboro, MO | $6,544,452 | $18,340,130 |
Tri-County Opportunities Council Rock Falls, IL | $4,101,390 | $18,238,868 |
Inner-City Muslim Action Network Chicago, IL | $22,441,569 | $25,574,850 |
Will County Center For Community Concerns Inc Joliet, IL | $2,259,108 | $13,384,526 |