Rehoboth Beach Main Street Inc
- Assets
- $130.2k
- Revenue
- $169.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Rehoboth Beach, DE
- Founding
- 10/1996
- Data as of
- 12/2022
- EIN
- 51-0368973
Organization Overview
Rehoboth Beach Main Street Inc is located in Rehoboth Beach, DE. The organization was established in 1996. 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. Rehoboth Beach Main Street 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 12/2022, Rehoboth Beach Main Street Inc generated $169.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $138.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
REHOBOTH BEACH MAIN STREET IS A NON PROFIT ORGANIZATION COMMITTED TO PRESERVING OUR UNIQUE SEASIDE COMMUNITY WHILE CREATING A VITAL, SUCCESSFUL DOWNTOWN FOR RESIDENTS, MERCHANTS AND VISITORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REHOBOTH BEACH MAIN STREET (RBMS) IS INEXTRICABLY LINKED TO THE OUTSTANDING SEASHORE ENVIRONMENT FOR THE SUSTAINABILITY OF ITS LOCAL ECONOMY AND QUALITY OF LIFE. WITH THE DESIRE TO PROMOTE A COMMUNITY THAT IS SUSTAINABLE IN THE CONTEXT OF LOCAL ECONOMY, ENVIRONMENT, AND QUALITY OF LIFE, THE RBMS MISSION IS TO PROMOTE DOWNTOWN REHOBOTH BEACH AS A YEAR- ROUND DESTINATION WITH A VIBRANT COMMERCIAL AREA, A FULL CALENDAR OF LOCAL EVENTS, AND ECONOMIC PROGRAMS BENEFITTING THE BUSINESSES AND RESIDENTIAL COMMUNITY.
IN 2019, RBMS ESTABLISHED A NEW PROGRAM,REHOBOTH IN BLOOM/RIB, WITH THE FOLLOWING 3 GOALS: (1) THE BEAUTIFICATION OF DOWNTOWN REHOBOTH BEACH (2) MAKING DOWNTOWN MORE PEDESTRIAN-FRIENDLY AND (3) FOSTERING A COMMUNITY SPIRIT WITH RESIDENTS AND COMMERCIAL ESTABLISHMENTS. TO THIS END, RIB WORKS TO PROMOTE LOCAL DOWNTOWN BEAUTIFICATION AND COMMUNITY SPIRIT AND INVOLVEMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzie Martin Vice Preside | OfficerTrustee | 5 | $0 |
Jill Dunham Treasurer | OfficerTrustee | 5 | $0 |
Jerry Filbin Secretary | OfficerTrustee | 5 | $0 |
Greer Maneval President | OfficerTrustee | 5 | $0 |
Blake Carey Board Member | Trustee | 5 | $0 |
Cindy Lovett Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $57,459 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $70,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,780 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,239 |
| Total Program Service Revenue | $11,831 |
| 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 | $27,313 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $169,383 |
| 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 | $54,650 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,114 |
| Payroll taxes | $5,146 |
| Fees for services: Management | $3,100 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,585 |
| Advertising and promotion | $653 |
| Office expenses | $13,103 |
| Information technology | $21,683 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $65 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,412 |
| Interest | $20 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,124 |
| All other expenses | $240 |
| Total functional expenses | $138,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,237 |
| 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 | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $130,237 |
| Accounts payable and accrued expenses | $2,607 |
| 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 | $2,607 |
| Net assets without donor restrictions | $127,630 |
| 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 | $130,237 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Rehoboth Beach Main Street Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
William E Cross Foundation Inc Frederick, MD PURPOSE: FOR PROGRAM SERVICES | $2,000 |
Collins Charitable Foundation Rehoboth Beach, DE PURPOSE: DONATION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Urban Affairs Coalition Philadelphia, PA | $25,704,306 | $97,554,481 |
4mycity Inc Taneytown, MD | $269,763 | $70,588,044 |
Columbia Association Inc Columbia, MD | $168,635,825 | $73,239,829 |
Kennedy Krieger Education And Community Services Inc Baltimore, MD | $14,340,565 | $48,121,720 |
Mosaic Community Services Inc Timonium, MD | $34,184,592 | $47,201,258 |
Reinvestment Fund Inc Philadelphia, PA | $609,259,384 | $44,624,452 |
Hopes Community Action Partnership Incorporated Hoboken, NJ | $25,058,059 | $24,208,629 |
Blueprints Washington, PA | $9,542,152 | $23,150,876 |
Usw District 10 Local 286 Welfare Trust Fund Philadelphia, PA | $8,668,111 | $17,307,586 |
Pennreach Allentown, NJ | $5,187,786 | $15,924,501 |
Garrett County Maryland Community Action Committee Inc Oakland, MD | $23,823,939 | $14,024,119 |
Strong City Baltimore Baltimore, MD | $3,607,626 | $14,803,870 |