philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Venice Mainstreet INC

Tax-deductible

Venice, FL501(c)(3)Community DevelopmentEIN 59-2815346Revenue $404K in FY2024

On file with the IRS101 W Venice Ave Ste 23, 34285-1940 · Venice, FLTax-exempt since Nov 1990Publicly supported — 509(a)(2)

Tell your story. Claim this org

Venice Mainstreet is committed to preserving and enhancing a quality environment in downtown Venice, FL for present and future generations through organized volunteer efforts by focusing on its historic character and economic vitality

501(c)(3) charity; gifts are tax-deductible.
64¢ of each $1 spent went to programs.
Run by 4 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $39K a year · 13% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $14K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$19K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 14 voting members
Concern: none of 14 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$404K
+8% vs prior year
Spent
$427K
To programs
64%
Net assets
$163K
By yearFY2020–FY2024
Revenue
$404K
FY2024▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$223K
FY2021$200K
FY2022$328K
FY2023$373K
FY2024$404K
Expenses
$427K
FY2024▲ +40%
Tap a bar for its year
Expenses by fiscal year
FY2020$178K
FY2021$185K
FY2022$239K
FY2023$306K
FY2024$427K
Net assets
$163K
FY2024▼ -12%
Tap a bar for its year
Net assets by fiscal year
FY2020$187K
FY2021$179K
FY2022$232K
FY2023$187K
FY2024$163K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1990.

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

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $272K Management & general 6% · $26K Fundraising 30% · $129K

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

Something off? Claim to fix it

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Rebecca Leake
Secretary
$0Pt VII · Sec A
James Haas
Treasurer
$0Pt VII · Sec A
Tracey Silver
President
$0Pt VII · Sec A
See Venice Mainstreet INC executive salaries →

On this list? Claim this org

Something off? Claim to fix it

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 15aYes

Programs and updates

Preserves and enhances downtown Venice's historic character and economic vitality through volunteer efforts.

Questions for Venice Mainstreet INC

Tap to ask. Venice Mainstreet INC sees how many people are interested.

Your first name shows with your question. Venice Mainstreet INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $272K · in their own filed words · FY2024
01

Venice mainstreet promote historic downtown venice to residents & visitors provide venues for festivals and art shows and assist in promoting the area

$272Kprogram 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 · FY2024
Gulf Coast Community Foundation INCFY2024$14K
Total grants receivedfrom 1 funder$14K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$404K
Ln 12
Gifts and grantsLn 1h$292K
Fees for servicesLn 2g$113K
Investment incomeLn 3$3
Money outPt IX
$427K
Ln 25
Programscol B$272K
Managementcol C$26K
Fundraisingcol D$129K
Owns and owesPt X
$163K
net assets · Ln 32
Cash and savingsLn 1–2$151K
Total assetsLn 16$183K
LiabilitiesLn 26$19K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$292K
Government grantsLn 1e$40K
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$113K
Investment incomeLn 3$3
Total revenueLn 12$404K
Assets in detailPt X, end of year
SavingsLn 2$151K
Cash and savings togetherLn 1–2$151K
Land, buildings, equipmentLn 10c$12K
Other assetsLn 15$170
Total assetsLn 16$183K
LiabilitiesLn 26$19K
Net assetsLn 32$163K
OperationsPt I, VI
EmployeesI 54
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$170K$151K
Land, buildings, equipmentLn 10c$12K$12K
Total assetsLn 16$206K$183K
LiabilitiesLn 26$19K$19K
Net assetsLn 32$187K$163K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$63K$63K$0$0
Other salaries and wagesLn 7$116K$116K$0$0
Payroll taxesLn 10$14K$14K$0$0
Management feesLn 11a$3K$0$3K$0
Accounting feesLn 11c$4K$0$4K$0
Office expensesLn 13$21K$13K$8K$0
OccupancyLn 16$17K$5K$12K$0
TravelLn 17$2K$2K$0$0
Conferences, conventions and meetingsLn 19$3K$3K$0$0
Other expenses (24a–d)Ln 24$186K$57K$0$129K
All other expensesLn 24e$360$0$360$0
Total functional expensesLn 25$427K$272K$26K$129K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $404K$427K−$23K$163K 990 PDF
FY2023 $373K$306K$67K$187K 990 PDF
FY2022 $328K$239K$89K$232K 990 PDF
FY2021 $200K$185K$15K$179K 990 PDF
FY2020 $223K$178K$45K$187K 990 PDF

More to add? Claim this org

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 FY2024 990 (6 parts)
Part I · Summary $404,145 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $256,826$291,522
I-9 Program service revenuePrior year $115,920$112,620
I-10 Investment incomePrior year $3$3
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $372,749$404,145
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $186,112$192,819
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $120,016$234,509
I-18 Total expensesPrior year $306,128$427,328
I-19 Revenue less expensesPrior year $66,621−$23,183
Part VI · Governance 0 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $404,145 across 8 lines filed
VIII-1c Fundraising events$0
VIII-1e Government grants$40,000
VIII-1f All other contributions, gifts and grants$16,184
VIII-1h Total contributions, gifts and grants$291,522
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$112,620
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$3
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $112,623 · Unrelated business $0 · Excluded from tax $0$404,145
Part IX · Statement of functional expenses $427,328 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $63,045 · Management $0 · Fundraising $0$63,045
IX-7 Other salaries and wagesPrograms $116,041 · Management $0 · Fundraising $0$116,041
IX-10 Payroll taxesPrograms $13,733 · Management $0 · Fundraising $0$13,733
IX-11a Management feesPrograms $0 · Management $2,606 · Fundraising $0$2,606
IX-11c Accounting feesPrograms $0 · Management $3,848 · Fundraising $0$3,848
IX-13 Office expensesPrograms $13,118 · Management $7,500 · Fundraising $0$20,618
IX-16 OccupancyPrograms $5,000 · Management $11,531 · Fundraising $0$16,531
IX-17 TravelPrograms $1,531 · Management $0 · Fundraising $0$1,531
IX-19 Conferences, conventions and meetingsPrograms $2,617 · Management $0 · Fundraising $0$2,617
IX-24 Other expenses (24a–d)Programs $56,982 · Management $0 · Fundraising $129,416$186,398
IX-24e All other expensesPrograms $0 · Management $360 · Fundraising $0$360
IX-25 Total functional expensesPrograms $272,067 · Management $25,845 · Fundraising $129,416$427,328
Part X · Balance sheet $182,648 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $170,169$150,821
X-4 Accounts receivableStart of year $13,680$7,345
X-8 Inventories for sale or useStart of year $4,302$4,302
X-9 Prepaid expenses and deferred chargesStart of year $5,667$8,167
X-10c Land, buildings and equipment, netStart of year $11,843$11,843
X-15 Other assetsStart of year $170$170
X-16 Total assetsStart of year $205,831$182,648
X-19 Deferred revenueStart of year $19,279$19,279
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $19,279$19,279
X-27 Net assets without donor restrictionsStart of year $186,552$163,369
X-32 Total net assets or fund balancesStart of year $186,552$163,369
X-33 Total liabilities and net assetsStart of year $205,831$182,648
Part XI · Reconciliation of net assets $163,369 net assets at year end
XI-1 Total revenue$404,145
XI-2 Total expenses$427,328
XI-3 Revenue less expenses−$23,183
XI-4 Net assets at start of year$186,552
XI-10 Net assets at end of year$163,369

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.