Mainstreet Redevelopment Association
- Assets
- $96.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Forest Park, IL
- Founding
- 02/1998
- Data as of
- 12/2020
- EIN
- 36-3989959
Organization Overview
Mainstreet Redevelopment Association is located in Forest Park, IL. The organization was established in 1998. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, 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. Mainstreet Redevelopment Association 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 12/2020, Mainstreet Redevelopment Association generated $47.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $89.4k during the year ending 12/2020. 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
2020
Describe the Organization's Program Activity:
Part 3
COMMUNITY DEVELOPMENT
COMMUNITY DEVELOPMENT
COMMUNITY DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorothy Gillian Pres | 3 | $0 | |
Fred Bryant Vice Preside | 3 | $0 | |
Rob Mcadam Vice Preside | 3 | $0 | |
Laurie Kokenes Executive Di | 40 | $0 | |
Erik Fjeldstad Treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $48,206 |
| Investment income | $93 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$965 |
| Other Revenue | $0 |
| Total Revenue | $47,334 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $82,436 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,962 |
| Total expenses | $89,398 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $96,397 |
| Other assets | $0 |
| Total assets | $96,397 |
| Total liabilities | $59,300 |
| Net assets or fund balances | $37,097 |
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