Laurel Main Street INC

Tax-deductible

Laurel, MS501(c)(3)Since 2007Community DevelopmentEIN 20-8570449

To revitalize historic downtown laurel in partnership with members, public and private contributors and as part of the mississippi main street association.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $30K a year · 9% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $20K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$530
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$421K
+7% vs prior year
Spent
$409K
To programs
77%
Net assets
$282K
By yearFY2020–FY2025
Revenue
$421K
FY2025▲ +7%
Revenue by fiscal year
FY2020$192K
FY2021$263K
FY2022$331K
FY2023$420K
FY2024$394K
FY2025$421K
Expenses
$409K
FY2025▲ +21%
Expenses by fiscal year
FY2020$206K
FY2021$255K
FY2022$327K
FY2023$302K
FY2024$338K
FY2025$409K
Net assets
$282K
FY2025▲ +4%
Net assets by fiscal year
FY2020$69K
FY2021$89K
FY2022$97K
FY2023$215K
FY2024$270K
FY2025$282K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $314K Management & general 23% · $96K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Former President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Laurel Main Street INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Revitalizes historic downtown Laurel through partnerships and community involvement.

Provided by the organization

This section is blank until Laurel Main Street INC claims this page.

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1 program service account for $314K of program spending, described in the organization's own filed words · FY2025.
01

Winner of the 2018 outstanding community transformation mid sized town this is an overall award that goes to a main street program that has achieved a successful, preservation-based downtown revival. Named by smithsonian magazine as one of the top 20 small towns to visit in 2018.

$314Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 2 funders$20K
Grants paid · 7 grants · $41K · 2021–2024
Parish TransportFY2024$5,000
Home Town RealtyFY2024$5,000
Grits & SomeFY2023$5,000
Marcella Investment Group LLCFY2023$5,000
Office Products Center INCFY2023$5,000
Unitemized GrantFY2022$11,000
Unitemized GrantFY2021$5,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$421K
Ln 12
Fees for servicesLn 2g$288K
Gifts and grantsLn 1h$133K
Money outPt IX
$409K
Ln 25
Programscol B$314K
Managementcol C$96K
Owns and owesPt X
$282K
net assets · Ln 32
Cash and savingsLn 1–2$227K
Total assetsLn 16$282K
LiabilitiesLn 26$530
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$133K
Government grantsLn 1e$87K
Fees for servicesLn 2g$288K
Total revenueLn 12$421K
Assets in detailPt X, end of year
CashLn 1$227K
Cash and savings togetherLn 1–2$227K
Land, buildings, equipmentLn 10c$55K
Total assetsLn 16$282K
LiabilitiesLn 26$530
Net assetsLn 32$282K
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$203K$227K
Land, buildings, equipmentLn 10c$67K$55K
Total assetsLn 16$270K$282K
LiabilitiesLn 26$30$530
Net assetsLn 32$270K$282K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$83K$41K$41K
Payroll taxesLn 10$24K$12K$12K
Legal feesLn 11b$3K$2K$1K
Advertising and promotionLn 12$24K$24K$581
Office expensesLn 13$6K$773$5K
OccupancyLn 16$6K$6K
TravelLn 17$4K$4K
Conferences, conventions and meetingsLn 19$5K$275$5K
Depreciation, depletion and amortizationLn 22$13K$13K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$235K$221K$15K
All other expensesLn 24e$410$104$306
Total functional expensesLn 25$409K$314K$96K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $421K$409K$12K$282K 990 PDF
FY2024 $394K$338K$55K$270K 990 PDF
FY2023 $420K$302K$117K$215K 990 PDF
FY2022 $331K$327K$4K$97K 990 PDF
FY2021 $263K$255K$8K$89K 990 PDF
FY2020 $192K$206K−$15K$69K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $420,897 across 6 lines filed
VIII-1b Membership dues$46,022
VIII-1e Government grants$86,834
VIII-1h Total contributions, gifts and grants$132,856
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $288,041$288,041
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $288,041 · Unrelated business $0 · Excluded from tax $0$420,897
Part IX · Statement of functional expenses $409,287 across 12 lines filed
IX-7 Other salaries and wagesPrograms $41,413 · Management $41,413$82,826
IX-10 Payroll taxesPrograms $12,110 · Management $12,110$24,220
IX-11b Legal feesPrograms $1,773 · Management $1,000$2,773
IX-12 Advertising and promotionPrograms $23,741 · Management $581$24,322
IX-13 Office expensesPrograms $773 · Management $5,107$5,880
IX-16 OccupancyManagement $6,360$6,360
IX-17 TravelManagement $3,535$3,535
IX-19 Conferences, conventions and meetingsPrograms $275 · Management $5,169$5,444
IX-22 Depreciation, depletion and amortizationPrograms $12,623$12,623
IX-23 InsuranceManagement $5,594$5,594
IX-24 Other expenses (24a–d)Programs $220,715 · Management $14,585$235,300
IX-24e All other expensesPrograms $104 · Management $306$410
IX-25 Total functional expensesPrograms $313,527 · Management $95,760 · Fundraising $0$409,287
Part X · Balance sheet $282,106 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $202,726$227,459
X-10c Land, buildings and equipment, netStart of year $67,270$54,647
X-16 Total assetsStart of year $269,996$282,106
X-17 Accounts payable and accrued expensesStart of year $30$530
X-26 Total liabilitiesStart of year $30$530
X-32 Total net assets or fund balancesStart of year $269,966$281,576
X-33 Total liabilities and net assetsStart of year $269,996$282,106
Part XI · Reconciliation of net assets $281,576 net assets at year end
XI-1 Total revenue$420,897
XI-2 Total expenses$409,287
XI-3 Revenue less expenses$11,610
XI-4 Net assets at start of year$269,966
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$281,576

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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