Downtown Tupelomain Street Association Association
- Assets
- $249.6k
- Revenue
- $203.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Tupelo, MS
- Founding
- Data as of
- 12/2022
- EIN
- 64-0911377
Organization Overview
Downtown Tupelomain Street Association Association is located in Tupelo, MS. As of 12/2022, Downtown Tupelomain Street Association Association employed 4 individuals. Downtown Tupelomain Street Association Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Downtown Tupelomain Street Association Association generated $203.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $210.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 6 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
TO PROMOTE THE CIVIC, ECONOMIC, AND SOCIAL WELFARE OF THE CITIZENS OF THE CITY OF TUPELO AND LEE COUNTY, MISSISSIPPI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DTMSA FACILITATES MANY EVENTS AND PROJECTS INCLUDING REEDS TUPELO CHRISTMAS PARADE, TUPELOS NEW YEARS EVE CELEBRATION, TUPELO FARMERS DEPOT (LOCAL FARMERS MARKET), PIGSKINS IN THE PARK, FALL INTO TUPELO (CHILIFEST, FAMILY FUN DAY, DOWN ON MAIN CONCERT), ALE TRAIL, WINE DOWNTOWN, BUD & BURGERS, AND TUPELO ELVIS FESTIVAL. ALL EVENTS ALIGN WITH DTMSAS MISSION TO SUSTAIN AND ENHANCE THE DOWNTOWN TUPELO BUSINESS DISTRICT. DTMSA CONTRIBUTES TO OTHER TANGIBLE AMENITIES LIKE ALLEY IMPROVEMENTS, GARBAGE COLLECTION, HOLIDAY DECORATIONS, SEASONAL STREET POLE BANNERS, BIKE RACKS, LANDSCAPING, MURAL PROJECTS AND OVERSIGHT OF DESIGN GUIDELINES FOR BUSINESSES.
ANSWERED INQUIRIES FROM 6,000+ TELEPHONE CALLS, 500+ WALK-INS, AND 10,000+ EMAILS AND TEXTS REQUESTING INFORMATION ON THE DOWNTOWN TUPELO AREA INCLUDING, BUT NOT LIMITED TO, AVAILABILITY OF OFFICE, RETAIL, AND RESIDENTIAL SPACE, AND INFORMATION ON OWNERSHIP OF BUILDING AND VACANT LOTS, ZONING REGULATIONS, TRASH COLLECTION PROCEDURES, EVENTS, PROJECTS AND ACTIVITIES, AND GUIDELINES FOR FAADE RENOVATIONS, REMODELING AND NEW CONSTRUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucia Randle Executive Dir. | Officer | 40 | $0 |
Matt Crabtree Director | OfficerTrustee | 1 | $0 |
Kris Del Grande Director | Trustee | 1 | $0 |
Bobby Geno Director | Trustee | 1 | $0 |
Rashni Barath President | OfficerTrustee | 1 | $0 |
Chris Hussey Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $94,380 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $94,380 |
| Total Program Service Revenue | $58,190 |
| Investment income | $93 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $50,341 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $203,004 |
| 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 | $55,575 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,330 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,368 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $35,466 |
| Office expenses | $19,307 |
| Information technology | $12,466 |
| Royalties | $0 |
| Occupancy | $6,502 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,747 |
| Interest | $1,863 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,322 |
| Insurance | $30,731 |
| All other expenses | $2,099 |
| Total functional expenses | $210,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,493 |
| Savings and temporary cash investments | $25,647 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,085 |
| 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 | $61,154 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,250 |
| Total assets | $249,629 |
| Accounts payable and accrued expenses | $17,769 |
| Grants payable | $0 |
| Deferred revenue | $12,048 |
| 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 | $23,460 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $53,277 |
| Net assets without donor restrictions | $0 |
| 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 | $196,352 |
| Total liabilities and net assets/fund balances | $249,629 |