Florence Main Street Inc
- Assets
- $135.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Florence, AL
- Founding
- 10/1993
- Data as of
- 09/2021
- EIN
- 63-1075621
Organization Overview
Florence Main Street Inc is located in Florence, AL. The organization was established in 1993. 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. Florence 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 09/2021, Florence Main Street Inc generated $164.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $124.5k during the year ending 09/2021. While expenses have increased by 1.0% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROMOTION OF A SUCCESSFUL AND VIBRANT DOWNTOWN AREA THROUGH EVENTS, FESTIVALS, TOURS AND MEETINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Vess Executive Director | 40 | $44,288 | |
Executive Board Members President Etc Rotating Basis | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,042 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $16 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $164,058 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $44,288 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $77 |
| Printing, publications, postage, and shipping | $7 |
| Other expenses | $80,165 |
| Total expenses | $124,537 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $112,610 |
| Other assets | $0 |
| Total assets | $134,978 |
| Total liabilities | $0 |
| Net assets or fund balances | $134,978 |
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