Main Street Texarkana FY2020 filing

Tax-deductible

Texarkana, TX501(c)(3)Community DevelopmentEIN 71-0683066Revenue $165K in FY2020

On file with the IRSmainstreettexarkana.orgPo Box 631, 75504-0631 · Texarkana, TXTax-exempt since Jul 1992Publicly supported charity — 170(b)(1)(A)(vi)

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Preserve downtown area as an economical and commercial center by bringing culture and business enterprises to the area.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$52K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · 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 $20K a year · 10% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$52K
to officers and key staff · 40% of spending
Concern: pay to officers and key staff is 40% of spending; over 30%.
Pt VII · Sec A
Cash reserves
20 mo
of spending, in cash
Looks good: 19.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $47K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$15K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$165K
Spent
$130K
To programs
72%
Net assets
$284K
By yearFY2020–FY2024
Revenue
$165K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$165K
FY2021$190K
FY2022$215K
FY2023$250K
FY2024$229K
Expenses
$130K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$130K
FY2021$172K
FY2022$188K
FY2023$251K
FY2024$209K
Net assets
$284K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$284K
FY2021$302K
FY2022$329K
FY2023$329K
FY2024$348K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1992.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $94K Management & general 28% · $36K

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

12 people listed on the 990; $52K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$51,639Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Ina M McDowell’s $60K as Executive Dir. is at the 38th percentile of top reported officer pay among 1709 $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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Ina M McDowell$60,320$58,000$54,667$51,997$51,639

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 by attracting culture and businesses to boost its economy.

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Provided by the organization

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3 programs · $94K · in their own filed words · FY2020
01

City guide publication to promote tourism

$46Kprogram expense
02

Downtown holiday & festival promotions

$26Kprogram expense
03

Preserve downtown area as an economical and commercial center by bringing culture and business enterprises to the area.

$21Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 5 funders$47K
See all 5 funders →
Grants paid · 9 grants · $100K · 2020–2024
Unitemized GrantFY2024$22,107
Unitemized GrantFY2023$27,445
Unitemized GrantFY2022$23,250
Unitemized GrantFY2021$17,750
Unitemized GrantFY2021$1,100
Unitemized GrantFY2021$157
Unitemized GrantFY2020$4,565
Unitemized GrantFY2020$3,533
Unitemized GrantFY2020$500

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$165K
Ln 12
Gifts and grantsLn 1h$165K
Money outPt IX
$130K
Ln 25
Programscol B$94K
Managementcol C$36K
Owns and owesPt X
$284K
net assets · Ln 32
Cash and savingsLn 1–2$215K
Total assetsLn 16$299K
LiabilitiesLn 26$15K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$165K
Government grantsLn 1e$51K
Gains on assetsLn 7$0
Total revenueLn 12$165K
Assets in detailPt X, end of year
CashLn 1$215K
SavingsLn 2$0
Cash and savings togetherLn 1–2$215K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$51K
Total assetsLn 16$299K
LiabilitiesLn 26$15K
Net assetsLn 32$284K
OperationsPt I, VI
EmployeesI 52
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 FY20End FY20
Cash and savingsLn 1–2$137K$215K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$733$2K
Total assetsLn 16$251K$299K
LiabilitiesLn 26$2K$15K
Net assetsLn 32$248K$284K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$9K$9K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$52K$39K$13K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$4K$3K$992
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$4K$4K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$138$138
Advertising and promotionLn 12$3K$175$3K
Office expensesLn 13$538$538
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$5K$5K
TravelLn 17$1K$1K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$885$885
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$186$186
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$44K$42K$2K
All other expensesLn 24e$3K$995$2K
Total functional expensesLn 25$130K$94K$36K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $229K$209K$20K$348K 990 PDF
FY2023 $250K$251K−$643$329K 990 PDF
FY2022 $215K$188K$27K$329K 990 PDF
FY2021 $190K$172K$18K$302K 990 PDF
FY2020 Viewing $165K$130K$35K$284K 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 FY2020 990 (6 parts)
Part I · Summary $164,801 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $147,218$164,836
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $38,108−$35
I-12 Total revenuePrior year $185,326$164,801
I-13 Grants and similar amounts paidPrior year $15,947$8,598
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $63,004$55,848
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $92,613$65,124
I-18 Total expensesPrior year $171,564$129,570
I-19 Revenue less expensesPrior year $13,762$35,231
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 $164,801 across 10 lines filed
Lines not itemized here account for −$35 of total revenue; see the IRS return.
VIII-1b Membership dues$10,230
VIII-1e Government grants$51,217
VIII-1f All other contributions, gifts and grants$103,389
VIII-1h Total contributions, gifts and grants$164,836
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax −$35$164,801
Part IX · Statement of functional expenses $129,570 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $8,598$8,598
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $38,909 · Management $12,970$51,879
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $2,977 · Management $992$3,969
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $4,440$4,440
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $138$138
IX-12 Advertising and promotionPrograms $175 · Management $2,610$2,785
IX-13 Office expensesManagement $538$538
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyManagement $5,130$5,130
IX-17 TravelManagement $1,482$1,482
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $885$885
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $186$186
IX-23 InsuranceManagement $1,993$1,993
IX-24 Other expenses (24a–d)Programs $42,022 · Management $2,032$44,054
IX-24e All other expensesPrograms $995 · Management $2,498$3,493
IX-25 Total functional expensesPrograms $93,676 · Management $35,894 · Fundraising $0$129,570
Part X · Balance sheet $299,014 assets, 19 lines filed
Asset lines not itemized here account for $27,234; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $137,371$214,661
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $18,781$4,490
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $733$1,682
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $50,777$50,947
X-16 Total assetsStart of year $250,721$299,014
X-17 Accounts payable and accrued expensesStart of year $642$13,443
X-25 Other liabilitiesStart of year $1,598$1,859
X-26 Total liabilitiesStart of year $2,240$15,302
X-27 Net assets without donor restrictionsStart of year $248,481$283,712
X-32 Total net assets or fund balancesStart of year $248,481$283,712
X-33 Total liabilities and net assetsStart of year $250,721$299,014
Part XI · Reconciliation of net assets $283,712 net assets at year end
XI-1 Total revenue$164,801
XI-2 Total expenses$129,570
XI-3 Revenue less expenses$35,231
XI-4 Net assets at start of year$248,481
XI-10 Net assets at end of year$283,712

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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