Main Street Delaware INC: Nonprofit Profile, Financials & Form 990 (EIN 31-1679916)

Courtney Hendershot’s $77K as Executive Director is at the 53rd percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Courtney Hendershot	$77,471	$73,750	$73,000	$33,542	—	—
Susan Bibler	—	—	—	$27,692	$66,419	$64,813

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 downtown Delaware by recruiting businesses, promoting events, and improving historic buildings.

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3 programs · $19K · in their own filed words · FY2025

01

Christmas

Annual event that promotes a holiday parade that kicks off the christmas shopping season at member businesses in the downtown area.

$13Kprogram expense

02

Farmers' Market

Provide a venue for local growers and bakers to bring whole food products to the community for sale.

$4Kprogram expense

03

First Fridays

Monthly event that promotes downtown businesses by providing various themes that are of interest to the local community. The events draw hundreds of people to the downtown area who participate in various theme related activities.

$3Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record

Grants received · FY2023

Hiram Masonic Lodge #18FY2023$8K

Jpmorgan Chase FoundationFY2023$1K

Amazonsmile FoundationFY2023$26

Total grants receivedfrom 3 funders$9K

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By the numbers

The FY2025 990, line by line.

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1The main four

Money inPt VIII

$194K

Ln 12

Gifts and grantsLn 1h$132K

Fees for servicesLn 2g$47K

Other incomeLn 4–11$10K

Money outPt IX

$236K

Ln 25

Programscol B$89K

Managementcol C$93K

Fundraisingcol D$53K

Owns and owesPt X

$277K

net assets · Ln 32

Cash and savingsLn 1–2$148K

Total assetsLn 16$283K

LiabilitiesLn 26$6K

PeoplePt VI, VII

13

listed · VII A

PaidVII A1

Voting boardVI 1a12

IndependentVI 1b12

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$132K

Government grantsLn 1e$35K

Fundraising eventsLn 1c$1K

Fees for servicesLn 2g$47K

Investment incomeLn 3$5K

Other incomeLn 4–11$10K

Total revenueLn 12$194K

Assets in detailPt X, end of year

CashLn 1$31K

SavingsLn 2$117K

Cash and savings togetherLn 1–2$148K

Land, buildings, equipmentLn 10c$135K

Other assetsLn 15$51

Total assetsLn 16$283K

LiabilitiesLn 26$6K

Net assetsLn 32$277K

OperationsPt I, VI

EmployeesI 52

VolunteersI 675

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$192K	$148K
Land, buildings, equipmentLn 10c	$132K	$135K
Total assetsLn 16	$325K	$283K
LiabilitiesLn 26	$7K	$6K
Net assetsLn 32	$318K	$277K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$77K	$26K	$26K	$26K
Pay of disqualified personsLn 6	$48K	$16K	$16K	$16K
Other salaries and wagesLn 7	$4K	$1K	$1K	$1K
Other employee benefitsLn 9	$12K	$4K	$4K	$4K
Payroll taxesLn 10	$10K	$3K	$3K	$3K
Legal feesLn 11b	$5K	$2K	$2K	$2K
Advertising and promotionLn 12	$2K	$427	$855	$428
Office expensesLn 13	$1K		$1K
OccupancyLn 16	$14K		$14K
Conferences, conventions and meetingsLn 19	$859		$859
Depreciation, depletion and amortizationLn 22	$14K		$14K
InsuranceLn 23	$2K	$671	$672	$672
Other expenses (24a–d)Ln 24	$30K	$21K	$8K
All other expensesLn 24e	$15K	$15K	$194
Total functional expensesLn 25	$236K	$89K	$93K	$53K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$194K	$236K	−$41K	$277K	990 PDF
FY2024	$233K	$240K	−$6K	$318K	990 PDF
FY2023	$214K	$231K	−$17K	$324K	990 PDF
FY2022	$194K	$225K	−$31K	$341K	990 PDF
FY2021	$404K	$156K	$249K	$372K	990 PDF
FY2020	$174K	$139K	$35K	$123K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $194,473 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $153,431$132,123

I-9 Program service revenuePrior year $55,405$46,650

I-10 Investment incomePrior year $3,095$5,423

I-11 Other revenuePrior year $21,406$10,277

I-12 Total revenuePrior year $233,337$194,473

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $146,100$151,891

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $93,634$83,806

I-18 Total expensesPrior year $239,734$235,697

I-19 Revenue less expensesPrior year −$6,397−$41,224

Part VI · Governance 12 of 12 board members independent, 4 to look at

VI-1a Voting members of the governing body12

VI-1b Independent voting members12

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $194,473 across 11 lines filed

VIII-1b Membership dues$33,400

VIII-1c Fundraising events$1,345

VIII-1e Government grants$35,000

VIII-1f All other contributions, gifts and grants$62,378

VIII-1h Total contributions, gifts and grants$132,123

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $46,650$46,650

VIII-3 Investment incomeExcluded from tax $5,423$5,423

VIII-6 Net rental income or lossExcluded from tax $10,000$10,000

VIII-8 Net income from fundraising eventsExcluded from tax −$2,923−$2,923

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $3,200$3,200

VIII-12 Total revenueRelated to mission $46,650 · Unrelated business $0 · Excluded from tax $15,700$194,473

Part IX · Statement of functional expenses $235,697 across 14 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $25,824 · Management $25,824 · Fundraising $25,823$77,471

IX-6 Pay of disqualified personsPrograms $16,010 · Management $16,010 · Fundraising $16,009$48,029

IX-7 Other salaries and wagesPrograms $1,210 · Management $1,210 · Fundraising $1,210$3,630

IX-9 Other employee benefitsPrograms $4,107 · Management $4,106 · Fundraising $4,106$12,319

IX-10 Payroll taxesPrograms $3,481 · Management $3,481 · Fundraising $3,480$10,442

IX-11b Legal feesPrograms $1,714 · Management $1,713 · Fundraising $1,713$5,140

IX-12 Advertising and promotionPrograms $427 · Management $855 · Fundraising $428$1,710

IX-13 Office expensesManagement $1,462$1,462

IX-16 OccupancyManagement $14,254$14,254

IX-19 Conferences, conventions and meetingsManagement $859$859

IX-22 Depreciation, depletion and amortizationManagement $13,788$13,788

IX-23 InsurancePrograms $671 · Management $672 · Fundraising $672$2,015

IX-24 Other expenses (24a–d)Programs $21,479 · Management $8,350$29,829

IX-24e All other expensesPrograms $14,555 · Management $194$14,749

IX-25 Total functional expensesPrograms $89,478 · Management $92,778 · Fundraising $53,441$235,697

Part X · Balance sheet $283,001 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $31,187$30,730

X-2 Savings and temporary cash investmentsStart of year $161,210$117,132

X-9 Prepaid expenses and deferred chargesStart of year $375$375

X-10c Land, buildings and equipment, netStart of year $132,116$134,713

X-15 Other assetsStart of year $51$51

X-16 Total assetsStart of year $324,939$283,001

X-17 Accounts payable and accrued expensesStart of year $2,367$884

X-25 Other liabilitiesStart of year $4,568$5,337

X-26 Total liabilitiesStart of year $6,935$6,221

X-27 Net assets without donor restrictionsStart of year $318,004$276,780

X-32 Total net assets or fund balancesStart of year $318,004$276,780

X-33 Total liabilities and net assetsStart of year $324,939$283,001

Part XI · Reconciliation of net assets $276,780 net assets at year end

XI-1 Total revenue$194,473

XI-2 Total expenses$235,697

XI-3 Revenue less expenses−$41,224

XI-4 Net assets at start of year$318,004

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$276,780

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

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