Murray Main Street Program INC FY2024 filing

Tax-deductible

Murray, KY501(c)(3)Since 2000Community DevelopmentEIN 61-1321316Revenue $134K in FY2024

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.
$47K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

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
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
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$47K
to officers and key staff · 30% of spending
Worth a look: pay to officers and key staff is 30% of spending; over 20%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.4 months of spending in cash; 3 or more.
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
$266K
44% of total assets
Looks good: liabilities are 44% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$134K
+8% vs prior year
Spent
$159K
To programs
0%
Net assets
$338K
By yearFY2020–FY2025
Revenue
$134K
FY2024▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$43K
FY2021$99K
FY2022$179K
FY2023$124K
FY2024$134K
FY2025$82K
Expenses
$159K
FY2024▼ -4%
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
$338K
FY2024▼ -7%
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 FY2024 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 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

What each dollar paid for.

Management & general 100% · $159K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990; $47K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$47,187Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice President
$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 · FY2024
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 FY2024 990, line by line.

1The main four
Money inPt VIII
$134K
Ln 12
Gifts and grantsLn 1h$89K
Other incomeLn 4–11$36K
Fees for servicesLn 2g$9K
Money outPt IX
$159K
Ln 25
Managementcol C$159K
Owns and owesPt X
$338K
net assets · Ln 32
Cash and savingsLn 1–2$71K
Total assetsLn 16$604K
LiabilitiesLn 26$266K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$89K
Government grantsLn 1e$89K
Fees for servicesLn 2g$9K
Investment incomeLn 3$49
Other incomeLn 4–11$36K
Total revenueLn 12$134K
Assets in detailPt X, end of year
CashLn 1$71K
Cash and savings togetherLn 1–2$71K
Land, buildings, equipmentLn 10c$533K
Total assetsLn 16$604K
LiabilitiesLn 26$266K
Net assetsLn 32$338K
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 FY24End FY24
Cash and savingsLn 1–2−$1K$71K
Land, buildings, equipmentLn 10c$506K$533K
Total assetsLn 16$505K$604K
LiabilitiesLn 26$142K$266K
Net assetsLn 32$363K$338K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$47K$47K
Payroll taxesLn 10$4K$4K
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$5K$5K
OccupancyLn 16$6K$6K
TravelLn 17$715$715
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$20K$20K
Depreciation, depletion and amortizationLn 22$23K$23K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$32K$32K
All other expensesLn 24e$748$748
Total functional expensesLn 25$159K$0$159K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $82K$156K−$74K$264K 990 PDF
FY2024 Viewing $134K$159K−$25K$338K 990 PDF
FY2023 $124K$166K−$42K$363K 990 PDF
FY2022 $179K$157K$22K$405K 990 PDF
FY2021 $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 FY2024 990 (6 parts)
Part I · Summary $134,398 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $77,908$88,880
I-9 Program service revenuePrior year $8,660$9,124
I-10 Investment incomePrior year $5$49
I-11 Other revenuePrior year $37,355$36,345
I-12 Total revenuePrior year $123,928$134,398
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 $48,378$50,797
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $117,365$108,636
I-18 Total expensesPrior year $165,743$159,433
I-19 Revenue less expensesPrior year −$41,815−$25,035
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $134,398 across 6 lines filed
Lines not itemized here account for $20,495 of total revenue; see the IRS return.
VIII-1e Government grants$88,880
VIII-1h Total contributions, gifts and grants$88,880
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $9,124$9,124
VIII-3 Investment incomeUnrelated business $49$49
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $15,850$15,850
VIII-12 Total revenueRelated to mission $20,495 · Unrelated business $25,023 · Excluded from tax $0$134,398
Part IX · Statement of functional expenses $159,433 across 13 lines filed
IX-5 Pay of current officers, directors and key staffManagement $47,187$47,187
IX-10 Payroll taxesManagement $3,610$3,610
IX-11c Accounting feesManagement $2,040$2,040
IX-12 Advertising and promotionManagement $5,754$5,754
IX-13 Office expensesManagement $4,799$4,799
IX-16 OccupancyManagement $6,034$6,034
IX-17 TravelManagement $715$715
IX-19 Conferences, conventions and meetingsManagement $1,517$1,517
IX-20 InterestManagement $20,373$20,373
IX-22 Depreciation, depletion and amortizationManagement $22,676$22,676
IX-23 InsuranceManagement $12,140$12,140
IX-24 Other expenses (24a–d)Management $31,840$31,840
IX-24e All other expensesManagement $748$748
IX-25 Total functional expensesPrograms $0 · Management $159,433 · Fundraising $0$159,433
Part X · Balance sheet $603,716 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year −$1,409$71,137
X-10c Land, buildings and equipment, netStart of year $506,086$532,579
X-16 Total assetsStart of year $504,677$603,716
X-25 Other liabilitiesStart of year $141,596$265,670
X-26 Total liabilitiesStart of year $141,596$265,670
X-27 Net assets without donor restrictionsStart of year $363,081$338,046
X-32 Total net assets or fund balancesStart of year $363,081$338,046
X-33 Total liabilities and net assetsStart of year $504,677$603,716
Part XI · Reconciliation of net assets $338,046 net assets at year end
XI-1 Total revenue$134,398
XI-2 Total expenses$159,433
XI-3 Revenue less expenses−$25,035
XI-4 Net assets at start of year$363,081
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$338,046

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

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