Murray Main Street Program INC FY2021 filing

Tax-deductible

Murray, KY501(c)(3)Since 2000Community DevelopmentEIN 61-1321316Revenue $99K in FY2021

On file with the IRSPo Box 143, 42071-0002 · Murray, KYTax-exempt since Oct 2000Publicly supported charity — 170(b)(1)(A)(vi)

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To promote & develop the Murray, KY downtown business district.

501(c)(3) charity; gifts are tax-deductible.
23¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
1 of 5
filings with a surplus
Average deficit $26K a year · 21% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
23%
of spending
Concern: 23% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$156K
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$99K
+129% vs prior year
Spent
$111K
To programs
23%
Net assets
$383K
By yearFY2020–FY2025
Revenue
$99K
FY2021▲ +129%
Tap a bar for its year
Revenue by fiscal year
FY2020$43K
FY2021$99K
FY2022$179K
FY2023$124K
FY2024$134K
FY2025$82K
Expenses
$111K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$111K
FY2022$157K
FY2023$166K
FY2024$159K
FY2025$156K
Net assets
$383K
FY2021▲ ×19
Tap a bar for its year
Net assets by fiscal year
FY2020−$23K
FY2021$383K
FY2022$405K
FY2023$363K
FY2024$338K
FY2025$264K

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2000.

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

Where the money goes

23 cents of each dollar spent went to programs.

Program services 23% · $25K Management & general 77% · $86K

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

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Deana Wright’s $51K as Executive Director is at the 86th percentile of top reported officer pay among 168 <$100K 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 · 1 named individual · Part VII

NameFY2025FY2024
Deana Wright$51,434$47,187

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 and promotes the Murray, KY downtown business district.

Questions for Murray Main Street Program INC

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Provided by the organization

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1 program · in their own filed words · FY2021
01

All expenses are for the purpose of carrying out the organization's exempt purpose. The number of persons benefitted is not determinable.

Pt IX · col B

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
Total grants receivedfrom 1 funder$2K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$99K
Ln 12
Gifts and grantsLn 1h$59K
Other incomeLn 4–11$30K
Fees for servicesLn 2g$11K
Money outPt IX
$111K
Ln 25
Programscol B$25K
Managementcol C$86K
Owns and owesPt X
$383K
net assets · Ln 32
Cash and savingsLn 1–2$16K
Total assetsLn 16$539K
LiabilitiesLn 26$156K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$59K
Government grantsLn 1e$59K
Fees for servicesLn 2g$11K
Investment incomeLn 3$3
Other incomeLn 4–11$30K
Total revenueLn 12$99K
Assets in detailPt X, end of year
CashLn 1$16K
Cash and savings togetherLn 1–2$16K
Land, buildings, equipmentLn 10c$523K
Total assetsLn 16$539K
LiabilitiesLn 26$156K
Net assetsLn 32$383K
OperationsPt I, VI
EmployeesI 51
VolunteersI 615
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
LineStart FY21End FY21
Cash and savingsLn 1–2$8K$16K
Land, buildings, equipmentLn 10c$140K$523K
Total assetsLn 16$148K$539K
LiabilitiesLn 26$171K$156K
Net assetsLn 32−$23K$383K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$40K$40K
Payroll taxesLn 10$3K$3K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$260$260
OccupancyLn 16$12K$12K
Conferences, conventions and meetingsLn 19$476$476
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$17K$12K$5K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$18K$13K$5K
All other expensesLn 24e$2K$223$2K
Total functional expensesLn 25$111K$25K$86K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $82K$156K−$74K$264K 990 PDF
FY2024 $134K$159K−$25K$338K 990 PDF
FY2023 $124K$166K−$42K$363K 990 PDF
FY2022 $179K$157K$22K$405K 990 PDF
FY2021 Viewing $99K$111K−$12K$383K 990 PDF
FY2020 $43K−$23K 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 FY2021 990 (6 parts)
Part I · Summary $99,177 revenue, 12 lines filed
I-8 Contributions and grants$58,917
I-9 Program service revenue$10,502
I-10 Investment income$3
I-11 Other revenue$29,755
I-12 Total revenue$99,177
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$43,098
I-16a Professional fundraising fees$0
I-17 Other expenses$67,667
I-18 Total expenses$110,765
I-19 Revenue less expenses−$11,588
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $99,177 across 6 lines filed
Lines not itemized here account for $17,978 of total revenue; see the IRS return.
VIII-1e Government grants$58,917
VIII-1h Total contributions, gifts and grants$58,917
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $10,502$10,502
VIII-3 Investment incomeRelated to mission $3$3
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $11,777$11,777
VIII-12 Total revenueRelated to mission $29,758 · Excluded from tax $10,502$99,177
Part IX · Statement of functional expenses $110,765 across 11 lines filed
IX-7 Other salaries and wagesManagement $40,000$40,000
IX-10 Payroll taxesManagement $3,098$3,098
IX-12 Advertising and promotionManagement $3,565$3,565
IX-13 Office expensesManagement $260$260
IX-16 OccupancyManagement $11,873$11,873
IX-19 Conferences, conventions and meetingsManagement $476$476
IX-20 InterestManagement $4,474$4,474
IX-22 Depreciation, depletion and amortizationPrograms $11,819 · Management $5,250$17,069
IX-23 InsuranceManagement $9,237$9,237
IX-24 Other expenses (24a–d)Programs $12,903 · Management $5,479$18,382
IX-24e All other expensesPrograms $223 · Management $2,108$2,331
IX-25 Total functional expensesPrograms $24,945 · Management $85,820 · Fundraising $0$110,765
Part X · Balance sheet $538,609 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $8,166$15,672
X-10c Land, buildings and equipment, netStart of year $139,509$522,937
X-16 Total assetsStart of year $147,675$538,609
X-25 Other liabilitiesStart of year $170,603$155,821
X-26 Total liabilitiesStart of year $170,603$155,821
X-27 Net assets without donor restrictionsStart of year −$22,928$382,788
X-32 Total net assets or fund balancesStart of year −$22,928$382,788
X-33 Total liabilities and net assetsStart of year $147,675$538,609
Part XI · Reconciliation of net assets $382,788 net assets at year end
XI-1 Total revenue$99,177
XI-2 Total expenses$110,765
XI-3 Revenue less expenses−$11,588
XI-4 Net assets at start of year−$22,928
XI-9 Other changes in net assets$417,304
XI-10 Net assets at end of year$382,788

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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