Beverly Main Streets Inc
- Assets
- $84.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Beverly, MA
- Founding
- 12/2003
- EIN
- 56-2306350
Organization Overview
Beverly Main Streets Inc is located in Beverly, MA. The organization was established in 2003. 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 06/2021, Beverly Main Streets Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beverly Main Streets 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 undefined, Beverly Main Streets Inc generated $173.6k 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 (5.3%) each year. All expenses for the organization totaled $212.4k during the year ending undefined. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 years. 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
Describe the Organization's Mission:
Part 3 - Line 1
BEVERLY MAIN STREETS MISSION IS TO PROMOTE AND ENHANCE BEVERLY'S DOWNTOWNECONOMIC VITALITY, CULTURAL AND HISTORIC RESOURCES, AND QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3
ARTSFEST ADDRESSES THE ESTABLISHMENT AND VISION BEHIND THE BEVERLY ARTS DISTRICT. ARTSFEST AIMS TO EDUCATE THE COMMUNITY ON ARTS & HISTORIC PRESERVATION.
DOWNTOWN REVITALIZATION PROJECTS INCLUDING BLOCK PARTIES, BEVERLY ART DISTRICT AND VARIOUS EVENTS THAT PROMOTE THE CULTURAL ASPECTS OF THE CITY.
BEVERLY'S NEW YEAR'S EVE CELEBRATION UTILIZES COMMUNITY PERFORMERS AND VOLUNTEERS TO PRESENT A PARADE AND LIVE PERFORMANCES SPECIFICALLY TARGETING THE CITY YOUTH AND FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur Athanas Director | 2 | $0 | |
Jillian Dubman Director | 2 | $0 | |
Paul Gentile Director | 2 | $0 | |
Althea Lyons Director | 2 | $0 | |
J Casey Soward Director | 2 | $0 | |
Jamie Engel Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $119,016 |
| Total Program Service Revenue | $54,563 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $173,579 |
| Statement of Expenses | |
|---|---|
| Total expenses | $212,393 |
| Balance Sheet | |
|---|---|
| Total assets | $84,293 |
| Total liabilities | $30,303 |
| Net assets or fund balances | $53,990 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Beverly Main Streets Inc has recieved totaling $55,000.
| Awarding Organization | Amount |
|---|---|
Northeast Hospital Corporation Beverly, MA PURPOSE: BEVERLY MAIN STREETS | $45,000 |
Aarp Washington, DC PURPOSE: Grant to support AARP's livable communities initiative | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brooklyn Navy Yard Development Corporation Brooklyn, NY | $543,633,704 | $68,378,369 |
Cent For Urban Community Svcs New York, NY | $78,734,129 | $72,768,234 |
The Community Preservation Corporation New York, NY | $1,407,109,282 | $65,839,600 |
Quincy Community Action Programs Inc Quincy, MA | $14,865,186 | $43,148,267 |
Westchester Community Opportunity Program Inc Elmsford, NY | $7,932,264 | $37,716,573 |
Community Crossroads Inc Atkinson, NH | $8,920,461 | $38,376,189 |
St Nicks Alliance Corp Brooklyn, NY | $44,353,994 | $35,596,992 |
National Council For Community Development Inc Brooklyn, NY | $24,193,687 | $38,165,020 |
The Community Action Organization Of Western New York Inc Buffalo, NY | $11,956,609 | $31,001,421 |
Community Action Pioneer Valley Inc Greenfield, MA | $7,969,732 | $29,838,934 |
Citizens For Citizens Inc Fall River, MA | $12,279,316 | $29,399,731 |
The Mayors Fund To Advance New York City New York, NY | $28,518,749 | $18,611,480 |