Main Street Mount Pleasant
- Assets
- $2.7m
- Revenue
- $152.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Mt Pleasant, IA
- Founding
- 06/1979
- Data as of
- 12/2021
- EIN
- 42-1124755
Organization Overview
Main Street Mount Pleasant is located in Mt Pleasant, IA. The organization was established in 1979. 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. Main Street Mount Pleasant 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 Mount Pleasant generated $152.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $81.9k during the year ending 12/2021. While expenses have increased by 1.4% 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
THE ORGANIZATIONS MISSION IS TO PROMOTE MT PLEASANT BY PROMOTING DOWNTOWN AS AN EXCITING PLACE TO LIVE, SHOP, AND INVEST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOUNT PLEASANT AREA OPERATION PRIDE INC OPERATES AS MAIN STREET MOUNT PLEASANT. THE MISSION OF MAIN STREET MOUNT PLEASANT IS TO STIMULATE ECONOMIC DEVELOPMENT, STRENGTHEN THE ECONOMIC AND CULTURAL VITALITY, NURTURE A CREATIVE MIX OF ACTIVITIES, ENVIRONMENTS AND EXPERIENCES, AND PROVIDE ENERGY, LEADERSHIP AND SUPPORT FOR PUBLIC/PRIVATE INITIATIVES THAT ENCOURAGE THE GROWTH AND VITALITY OF DOWNTOWN MOUNT PLEASANT BY PROMOTING DOWNTOWN AS AN EXCITING PLACE TO LIVE, SHOP, AND INVEST.
IN 2012, MOUNT PLEASANT AREA OPERATION PRIDE FORMED A LIMITED LIABLIITY COMPANY, UNION BLOCK LLC, TO REHAB A LARGE HISTORIAL BUILDING ON THE SQUARE IN MOUNT PLEASANT, IOWA. THE BUILDING HAD BEEN DAMAGED BY A FIRE A FEW YEARS PRIOR TO 2012 AND THE PRIOR OWNERS DID NOT REPAIR THE BUILDING FOLLOWING THE FIRE. IF THE BUILDING HAD BEEN TAKEN DOWN, IT WOULD HAVE REMOVED HALF OF THE STORE FRONTS FROM THE NORTH SIDE OF THE DOWNTOWN SQUARE. UNION BLOCK LLC OBTAINED GRANTS AND DONATIONS TO FUND THE REHAB OF THE BUILDING. THE REHAB OF THE BUILDING WAS COMPLETED IN 2015. THIS ORGANIZATION CONTINUES TO HOST FUNDRAISING AND APPLY FOR GRANTS TO REDUCE THE DEBT RELATED TO THE REHAB OF THE BUILDING. THE UNION BLOCK LLC RENTS OUT RETAIL STORE FRONTS ON THE MAIN LEVEL, OFFICE SPACE ON THE SECOND LEVEL, AND THE THIRD LEVEL IS A SPECIAL EVENT SPACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Oetken Executive Di | Officer | 40 | $42,201 |
Steve Brimhall Treasurer | OfficerTrustee | 2 | $0 |
Ryan Duffie Past Preside | OfficerTrustee | 2 | $0 |
Katelyn Moore Secretary | OfficerTrustee | 2 | $0 |
Sam Riepe President El | OfficerTrustee | 2 | $0 |
Ray Vens President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $24,174 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $39,569 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,443 |
| Total Program Service Revenue | $11,725 |
| Investment income | $116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,158 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $152,442 |
| 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. | $43,467 |
| 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 | $3,228 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,583 |
| Office expenses | $3,290 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,508 |
| Travel | $539 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $157 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,802 |
| All other expenses | $3,549 |
| Total functional expenses | $81,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,961 |
| 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 | $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 | $1,312,687 |
| Intangible assets | $0 |
| Other assets | $1,223,964 |
| Total assets | $2,653,612 |
| Accounts payable and accrued expenses | $3,347 |
| 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 | $3,347 |
| Net assets without donor restrictions | $2,650,265 |
| 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 | $2,653,612 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Main Street Mount Pleasant has recieved totaling $330,000.
| Awarding Organization | Amount |
|---|---|
National Trust For Historic Preservation In The United States Washington, DC PURPOSE: Save Historic Places | $165,000 |
National Trust For Historic Preservation In The United States Washington, DC PURPOSE: Save Historic Places | $165,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lakes And Pines Community Action Council Inc Mora, MN | $3,434,723 | $9,795,071 |
Community Action Inc Of Rock And Walworth Counties Beloit, WI | $10,640,793 | $9,364,558 |
Health Care Coalition Of Lafayette County Lexington, MO | $6,605,075 | $10,749,967 |
Southwest Organizing Project Chicago, IL | $8,393,250 | $8,859,182 |
Better Family Life Inc Saint Louis, MO | $13,300,452 | $8,576,793 |
Center For People In Need Inc Lincoln, NE | $4,396,742 | $7,753,507 |
Kootasca Community Action Inc Grand Rapids, MN | $3,733,183 | $8,667,071 |
Impact Seven Incorporated Rice Lake, WI | $149,638,063 | $17,926,158 |
North Central Community Action Program Inc wisconsin rapids, WI | $2,366,497 | $7,790,312 |
St Paul Auto Dealers And District 77 Lodge Iamaw Joint Fund Bloomington, MN | $6,441,158 | $6,840,517 |
Cortex St Louis, MO | $86,543,841 | $5,279,863 |
Chicago Community Loan Fund Chicago, IL | $136,728,558 | $16,943,178 |