Main Street Columbus Inc
- Assets
- $117.2k
- Revenue
- $259.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Columbus, MS
- Founding
- 03/2015
- Data as of
- 12/2021
- EIN
- 64-0472690
Organization Overview
Main Street Columbus Inc is located in Columbus, MS. The organization was established in 2015. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Main Street Columbus Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Main Street Columbus 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 12/2021, Main Street Columbus Inc generated $259.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $251.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO REVITALIZE, PROMOTE, PRESERVE AND DEVELOP THE RESOURCES OF THE HISTORIC DOWNTOWN DISTRICT OF COLUMBUS, MS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORK ON A DAILY BASIS AS AN ADVOCATE OF DOWNTOWN RESTORATION AND DEVELOPMENT, SERVE AS A CLEARING HOUSE AND COLLECTIVE VOICE FOR ISSUES IMPORTANT TO THE ECONOMIC GROWTH OF DOWNTOWN, SUCH AS PARKING PROBLEMS, RETAIL MIX, FACADE RENOVATIONS, BUILDING VACANCIES, RECRUITING NEW BUSINESS AND RESTRUCTURING EXISTING BUSINESSES. ASSIST PROPERTY OWNERS IN DESIGN FOR FACADE IMPROVEMENTS. COORDINATE ADVERTISING AND PUBLICITY REGARDING DOWNTOWN EVENTS AND SPECIAL PROMOTIONS. ALL TAXPAYERS OF THE CITY OF COLUMBUS BENEFIT AS THE COMMUNITY HAS ALREADY MADE A HUGE INVESTMENT OF PUBLIC FUNDS IN DOWNTOWN STREETS, SIDEWALKS, WATER AND SEWER LINES, PARKING LOTS, STREET LIGHTS AND OTHER INFRASTRUCTURE - DOWNTOWN REVITALIZATION AND THE REUSE OF THESE BUILDINGS USES THESE ASSETS WHICH HAVE ALREADY BEEN PAID FOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Bowen President | OfficerTrustee | 2 | $0 |
Margaret Ann Borland Board Of Directors | OfficerTrustee | 2 | $0 |
Corky Smith Vice President | OfficerTrustee | 2 | $0 |
Amber Brislin Board Of Directors | Trustee | 2 | $0 |
Penny Bowen Board Of Directors | Trustee | 2 | $0 |
Derek Rogers Board Of Directors | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $19,323 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $57,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,290 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,013 |
| Total Program Service Revenue | $177,432 |
| Investment income | $318 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $259,763 |
| 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 | $70,727 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,482 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,582 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,511 |
| Office expenses | $3,380 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,095 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,133 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $281 |
| Total functional expenses | $251,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,536 |
| Savings and temporary cash investments | $17,943 |
| 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 | $295 |
| Net Land, buildings, and equipment | $73,418 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $117,192 |
| Accounts payable and accrued expenses | $0 |
| 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 | $2,172 |
| Total liabilities | $2,172 |
| Net assets without donor restrictions | $115,020 |
| 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 | $117,192 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Main Street Columbus Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Gildea Foundation Inc Pittsburgh, PA PURPOSE: CONSERVATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Arkansas Development Council Benton, AR | $22,711,775 | $63,852,394 |
Southern Mississippi Planning And Development District Inc Gulfport, MS | $44,385,657 | $33,837,059 |
New Orleans & Company New Orleans, LA | $100,855,624 | $31,406,983 |
Mississippi County Arkansas Economic Opportunity Commission In Blytheville, AR | $4,387,153 | $19,452,667 |
South Alabama Regional Planning Commission Mobile, AL | $10,162,715 | $18,722,811 |
Memphis Convention And Visitors Bureau Memphis, TN | $38,589,779 | $17,172,027 |
Tennessee Technology Development Corporation Nashville, TN | $18,062,853 | $12,109,273 |
Riverfront Development Corporation Memphis, TN | $39,591,502 | $20,233,137 |
Chattanooga Area Convention And Visitors Bureau Inc Chattanooga, TN | $6,892,228 | $12,124,566 |
East Central Planning & Development District Inc<410 Decatur St Newton, MS | $22,970,956 | $8,929,943 |
Knoxville Convention & Visitors Bureau Inc Knoxville, TN | $5,768,468 | $5,619,069 |
Northwest Arkansas Economic Development District Inc Harrison, AR | $3,285,809 | $5,390,544 |