Carlsbad Mainstreet Project Inc
- Assets
- $254.3k
- Revenue
- $276.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Carlsbad, NM
- Founding
- 02/2002
- Data as of
- 12/2021
- EIN
- 85-0464302
Organization Overview
Carlsbad Mainstreet Project Inc is located in Carlsbad, NM. The organization was established in 2002. According to its NTEE Classification (C50) the organization is classified as: Environmental Beautification, under the broad grouping of Environment and related organizations. As of 12/2021, Carlsbad Mainstreet Project Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carlsbad Mainstreet Project 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, Carlsbad Mainstreet Project Inc generated $276.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $180.0k during the year ending 12/2021. While expenses have increased by 7.5% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PROMOTION, REVITALIZATION AND PRESERVATION OF DOWNTOWN CARLSBAD, NEW MEXICO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION, REVITALIZATION AND PRESERVATION OF DOWNTOWN CARLSBAD, NEW MEXICO INCLUDING STREETSCAPE ENHANCEMENTS, MURALS, CHRISTMAS LIGHTS, ETC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Davis Executive Director | Officer | 40 | $15,000 |
Susan Crockett Vice President | OfficerTrustee | 1 | $0 |
Eyenid Manzon Assistant Director | OfficerTrustee | 1 | $0 |
Jason Shirley President | OfficerTrustee | 1 | $0 |
Ashley Switzer Treasurer, Promotion Chair | OfficerTrustee | 1 | $0 |
Mike Hernandez Design Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,591 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,734 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,325 |
| Total Program Service Revenue | $275,642 |
| 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 | -$31,401 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $276,566 |
| 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. | $15,000 |
| Compensation of current officers, directors, key employees. | $15,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,444 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,883 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,512 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $62,039 |
| Office expenses | $6,479 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,120 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $845 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $373 |
| Insurance | $2,008 |
| All other expenses | $1,028 |
| Total functional expenses | $180,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $247,779 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $405 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,232 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,920 |
| Total assets | $254,336 |
| Accounts payable and accrued expenses | $1,762 |
| 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 | $0 |
| Total liabilities | $1,762 |
| 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 | $252,574 |
| Total liabilities and net assets/fund balances | $254,336 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Carlsbad Mainstreet Project Inc has recieved totaling $207.
| Awarding Organization | Amount |
|---|---|
Xcel Energy Foundation Minneapolis, MN PURPOSE: MATCHING EMPLOYEE DONATION | $207 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hermann Park Conservancy Houston, TX | $57,622,418 | $15,703,753 |
Denver Urban Gardens Denver, CO | $1,439,830 | $3,963,280 |
Town Lake Trail Foundation Austin, TX | $5,199,128 | $3,939,710 |
Aspen Valley Land Trust Carbondale, CO | $6,925,904 | $1,870,780 |
Keep Texas Beautiful Inc Austin, TX | $937,781 | $1,107,287 |
Tigermountain Foundation Tempe, AZ | $105,269 | $1,019,624 |
Tucson Clean And Beautiful Inc Tucson, AZ | $625,560 | $1,013,764 |
Nature And Wildlife Discovery Center Beulah, CO | $1,703,919 | $959,409 |
Midway Boosters Inc Midway, UT | $443,475 | $844,674 |
Oklahoma City Beautiful Inc Oklahoma City, OK | $501,120 | $682,970 |
Keep Austin Beautiful Inc Austin, TX | $774,257 | $674,025 |
Tree New Mexico Inc Albuquerque, NM | $149,520 | $546,909 |