Richmond Main Street Initiative Inc
- Assets
- $263.4k
- Revenue
- $469.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Richmond, CA
- Founding
- 07/2002
- Data as of
- 12/2021
- EIN
- 68-0481132
Organization Overview
Richmond Main Street Initiative Inc is located in Richmond, CA. The organization was established in 2002. 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 12/2021, Richmond Main Street Initiative Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richmond Main Street Initiative 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, Richmond Main Street Initiative Inc generated $469.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $320.9k during the year ending 12/2021. 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 PROMOTE THE REVITALIZATION OF HISTORIC DOWNTOWN RICHMOND DISTRICT, CREATE AREA BEAUTIFICATION AND TO AID IN THE ALLEVIATION OF UNEMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING REVITALIZATION OF THE HISTORIC RICHMOND DOWNTOWN DISTRICT, CREATION OF AREA BEAUTIFICATION, AIDING IN THE ALLEVIATION OF UNEMPLOYMENT AND INCREASING DOWNTOWN PEDESTRIAN TRAFFIC TO CREATE MULITCULTURAL MARKETPLACE THROUGH BUSINESS GROWTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Rogers Chair | OfficerTrustee | 1 | $0 |
Charlene Smith Vice Chair | OfficerTrustee | 1 | $0 |
Yvette Williams-Barr Secretary | OfficerTrustee | 1 | $0 |
Sarah Wally Treasurer | OfficerTrustee | 1 | $0 |
Xavier Abrams Board Member | Trustee | 1 | $0 |
Tami Steelman Gonzales Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $305,285 |
| All other contributions, gifts, grants, and similar amounts not included above | $162,293 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $467,578 |
| Total Program Service Revenue | $1,598 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $469,176 |
| 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 | $141,967 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,619 |
| Payroll taxes | $11,626 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $118,239 |
| Advertising and promotion | $4,749 |
| Office expenses | $5,360 |
| Information technology | $3,080 |
| Royalties | $0 |
| Occupancy | $3,023 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $134 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $795 |
| Insurance | $1,748 |
| All other expenses | $514 |
| Total functional expenses | $320,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,426 |
| Savings and temporary cash investments | $8,066 |
| Pledges and grants receivable | $14,150 |
| Accounts receivable, net | $21,587 |
| 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 | $5,170 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $263,399 |
| Accounts payable and accrued expenses | $112 |
| 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 | $2,999 |
| Total liabilities | $3,111 |
| Net assets without donor restrictions | $260,288 |
| 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 | $263,399 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Richmond Main Street Initiative Inc has recieved totaling $64,465.
| Awarding Organization | Amount |
|---|---|
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $30,000 |
Kaiser Foundation Hospitals Oakland, CA PURPOSE: Ensuring Success For Richmond Entrepreneurs | $25,000 |
California Humanities Oakland, CA PURPOSE: CORE PROGRAMS | $9,444 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $21 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Partners Los Angeles, CA | $58,586,885 | $87,387,507 |
Mid-Willamette Valley Community Action Agency Inc Salem, OR | $25,806,708 | $62,767,748 |
Community Action Partnership Of Orange County Garden Grove, CA | $21,104,337 | $38,929,192 |
Spanish-Speaking Unity Council Of Alameda County Inc Oakland, CA | $60,376,755 | $36,217,909 |
Pacific Asian Consortium In Employment Los Angeles, CA | $13,935,624 | $30,857,237 |
Rural Community Assistance West Sacramento, CA | $196,708,835 | $32,872,425 |
Burning Man Project San Francisco, CA | $30,700,234 | $27,748,874 |
Bay Area Community Benefit Organization Oakland, CA | $912,473 | $25,722,786 |
Human Solutions Inc Portland, OR | $41,573,265 | $24,704,381 |
East Bay Asian Local Development Corporation Oakland, CA | $146,938,594 | $23,961,947 |
Partners In Development Foundation Honolulu, HI | $6,037,007 | $19,233,237 |
Pasadena Center Operating Company Pasadena, CA | $155,500,535 | $24,244,402 |