Mainstreet Libertyville Inc
- Assets
- $614.9k
- Revenue
- $300.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Libertyville, IL
- Founding
- 04/1990
- Data as of
- 12/2021
- EIN
- 36-3657765
Organization Overview
Mainstreet Libertyville Inc is located in Libertyville, IL. The organization was established in 1990. 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, Mainstreet Libertyville Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mainstreet Libertyville 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, Mainstreet Libertyville Inc generated $300.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $277.4k during the year ending 12/2021. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE COMMUNITY IDENTITY AND HERITAGE, TO FOSTER A CENTER OF ACTIVITY AND TO ENSURE ECONOMIC STABILITY FOR THE HEART OF LIBERTYVILLE THROUGH CONCENTRATED EFFORTS OF EDUCATION, DESIGN, PROMOTION, ORGANIZATION AND ECONOMIC REVITALIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUED WITH THE PROGRAM OF REVITALIZING, IMPROVING AND PRESERVING DOWNTOWN LIBERTYVILLE, ILLINOIS. THIS INCLUDED THE EDUCATION OF BUSINESSES AND THE GENERAL PUBLIC OF THE ADVANTAGES OF DOWNTOWN LIBERTYVILLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Johnson Executive Dir. | Officer | 40 | $66,918 |
Afshin Shabahang Co Chairperson | Trustee | 2 | $0 |
Maureen Hunt Co-Chair | Trustee | 2 | $0 |
Mark Anderson Chairman | Trustee | 2 | $0 |
Veronica Sloma Vice Chair | Trustee | 2 | $0 |
Erin Kahn Chairperson | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $108,344 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,375 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,719 |
| Total Program Service Revenue | $144,011 |
| Investment income | $214 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,244 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $300,188 |
| 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. | $66,918 |
| Compensation of current officers, directors, key employees. | $16,729 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,665 |
| 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 | $13,772 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $27,994 |
| Office expenses | $21,217 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,728 |
| 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 | $9,990 |
| Insurance | $6,363 |
| All other expenses | $1,629 |
| Total functional expenses | $277,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $459,609 |
| Savings and temporary cash investments | $106,932 |
| 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 | $47,451 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $900 |
| Total assets | $614,892 |
| Accounts payable and accrued expenses | $0 |
| 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 | $155,004 |
| Total liabilities | $155,004 |
| Net assets without donor restrictions | $459,888 |
| 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 | $614,892 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mainstreet Libertyville Inc has recieved totaling $2,125.
| Awarding Organization | Amount |
|---|---|
Allstate Foundation Northbrook, IL PURPOSE: EMPLOYEE HELPING HANDS GRANT | $1,500 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $625 |
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 |
Des Moines Performing Arts Des Moines, IA | $53,428,793 | $29,638,099 |
Kentucky River Foothills Development Council Inc Richmond, KY | $12,381,295 | $19,871,173 |
Community Action Of Eastern Iowa Davenport, IA | $4,145,446 | $19,807,458 |
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 |