Foley Main Street Inc
- Assets
- $33.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Foley, AL
- Founding
- 05/2019
- Data as of
- 12/2023
- EIN
- 83-3080612
Organization Overview
Foley Main Street Inc is located in Foley, AL. The organization was established in 2019. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foley Main Street Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Foley Main Street Inc generated $111.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $109.7k during the year ending 12/2023. While expenses have increased by 12.2% per year over the past 5 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
2023
Describe the Organization's Program Activity:
Part 3
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Watkins President | 1 | $0 | |
Diane Martino Vice President | 0.5 | $0 | |
Barbara Ingram Secretary | 0.5 | $0 | |
Darrelyn Dunmore Executive Director | 40 | $72,309 | |
Charlie Ebert Director | 0.2 | $0 | |
Frances Holk-Jones Director | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,826 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $111,826 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $78,019 |
| Professional fees and other payments to independent contractors | $1,593 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $30,046 |
| Total expenses | $109,658 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $33,679 |
| Other assets | $0 |
| Total assets | $33,679 |
| Total liabilities | $5,016 |
| Net assets or fund balances | $28,663 |