Tappahannock Main Street

Tax-deductible

Tappahannock, VA501(c)(3)Community DevelopmentEIN 32-0254064Revenue $106K in FY2025

On file with the IRStappahannockmainstreet.orgPo Box 493, 22560-0493 · Tappahannock, VATax-exempt since Jul 2010Publicly supported charity — 170(b)(1)(A)(vi)

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Economic development promotion and revitalization for the Town of Tappahannock VA

501(c)(3) charity; gifts are tax-deductible.
Run by 30 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

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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
2 of 3
filings with a surplus
Average surplus $11K a year · 5% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Pay to officers and key staff
$15K
to officers and key staff · 8% of spending
Top officer’s pay lower than 91% of similar orgs
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Named funders
1
named funder · $44K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$106K
-57% vs prior year
Spent
$191K
Net assets
$108K
By yearFY2022–FY2025
Revenue
$106K
FY2025▼ -57%
Tap a bar for its year
Revenue by fiscal year
FY2022$188K
FY2023$327K
FY2024$245K
FY2025$106K
Expenses
$191K
FY2025▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2022Not on file
FY2023$242K
FY2024$211K
FY2025$191K
Net assets
$108K
FY2025▼ -44%
Tap a bar for its year
Net assets by fiscal year
FY2022$76K
FY2023$177K
FY2024$193K
FY2025$108K

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2010.

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

Who runs it and what they're paid

4 people listed on the 990; $15K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$15,000Pt VII · Sec A
President
$0Pt VII · Sec A
Vpsecretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Myra Dickinson’s $15K as Executive Director is at the 9th 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

NameFY2025FY2024FY2023FY2022
Elizabeth Sharpe—$59,750$66,900$66,900
Myra Dickinson$15,000———

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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Programs and updates

Promotes economic development and revitalization for Tappahannock, Virginia.

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Provided by the organization

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1 program · $31K · in their own filed words · FY2023
01

Economic Development and promotion of the Town of Tappahannock businesses and community including revitalization of the downtown

$31Kprogram 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 · FY2022
Total grants receivedfrom 1 funder$44K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$106K
Ln 12
Gifts and grantsLn 1h$106K
Other incomeLn 4–11$41
Money outPt IX
$191K
Ln 25
Owns and owesPt X
$108K
net assets · Ln 32
Total assetsLn 16$108K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$106K
Other incomeLn 4–11$41
Total revenueLn 12$106K
Assets in detailPt X, end of year
Total assetsLn 16$108K
LiabilitiesLn 26$0
Net assetsLn 32$108K
OperationsPt I, VI
EmployeesI 53
VolunteersI 630
Fiscal year endsHeaderJune

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $106K$191K−$85K$108K 990 PDF
FY2024 $245K$211K$34K$193K 990 PDF
FY2023 $327K$242K$85K$177K 990 PDF
FY2022 $188K$76K 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

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

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