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.
78¢ of each $1 spent went to programs.
$58K 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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FY2023 · 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
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$58K
to officers and key staff · 23% of spending
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
9 mo
of spending, in cash
Looks good: 8.9 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
$3K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$250K
+16% vs prior year
Spent
$251K
To programs
78%
Net assets
$329K
By yearFY2020–FY2024
Revenue
$250K
FY2023▲ +16%
Tap a bar for its year
Revenue by fiscal year
FY2020$165K
FY2021$190K
FY2022$215K
FY2023$250K
FY2024$229K
Expenses
$251K
FY2023▲ +34%
Tap a bar for its year
Expenses by fiscal year
FY2020$130K
FY2021$172K
FY2022$188K
FY2023$251K
FY2024$209K
Net assets
$329K
FY2023-0.2%
Tap a bar for its year
Net assets by fiscal year
FY2020$284K
FY2021$302K
FY2022$329K
FY2023$329K
FY2024$348K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

78 cents of each dollar spent went to programs.

Program services 78% · $196K Management & general 22% · $54K

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

13 people listed on the 990; $58K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$58,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$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.

See Main Street Texarkana executive salaries →

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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 · $196K · in their own filed words · FY2023
01

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

$114Kprogram expense
02

City guide publication to promote tourism

$56Kprogram expense
03

Downtown holiday & festival promotions

$26Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$250K
Ln 12
Gifts and grantsLn 1h$247K
Other incomeLn 4–11$4K
Money outPt IX
$251K
Ln 25
Programscol B$196K
Managementcol C$54K
Owns and owesPt X
$329K
net assets · Ln 32
Cash and savingsLn 1–2$186K
Total assetsLn 16$331K
LiabilitiesLn 26$3K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$247K
Government grantsLn 1e$71K
Other incomeLn 4–11$4K
Gains on assetsLn 7$0
Total revenueLn 12$250K
Assets in detailPt X, end of year
CashLn 1$186K
SavingsLn 2$0
Cash and savings togetherLn 1–2$186K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$553
Other assetsLn 15$52K
Total assetsLn 16$331K
LiabilitiesLn 26$3K
Net assetsLn 32$329K
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 FY23End FY23
Cash and savingsLn 1–2$219K$186K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$929$553
Total assetsLn 16$331K$331K
LiabilitiesLn 26$1K$3K
Net assetsLn 32$329K$329K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$27K$27K
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$69K$52K$17K
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$5K$4K$1K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$6K$6K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$188$188
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$3K$3K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$6K$6K
TravelLn 17$2K$2K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$5K$5K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$376$376
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$107K$107K
All other expensesLn 24e$11K$127$11K
Total functional expensesLn 25$251K$196K$54K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $229K$209K$20K$348K 990 PDF
FY2023 Viewing $250K$251K−$643$329K 990 PDF
FY2022 $215K$188K$27K$329K 990 PDF
FY2021 $190K$172K$18K$302K 990 PDF
FY2020 $165K$130K$35K$284K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $250,201 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $197,525$246,616
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $17,349$3,585
I-12 Total revenuePrior year $214,874$250,201
I-13 Grants and similar amounts paidPrior year $23,250$27,445
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $66,665$74,596
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $97,620$148,803
I-18 Total expensesPrior year $187,535$250,844
I-19 Revenue less expensesPrior year $27,339−$643
Part VI · Governance 15 of 15 board members independent, 4 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $250,201 across 10 lines filed
Lines not itemized here account for $997 of total revenue; see the IRS return.
VIII-1b Membership dues$13,458
VIII-1e Government grants$71,188
VIII-1f All other contributions, gifts and grants$161,970
VIII-1h Total contributions, gifts and grants$246,616
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 eventsExcluded from tax $2,588$2,588
VIII-12 Total revenueExcluded from tax $3,585$250,201
Part IX · Statement of functional expenses $250,844 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $27,445$27,445
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 $51,971 · Management $17,324$69,295
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 $3,976 · Management $1,325$5,301
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $6,050$6,050
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $188$188
IX-12 Advertising and promotionPrograms $6,222$6,222
IX-13 Office expensesManagement $2,542$2,542
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyManagement $5,900$5,900
IX-17 TravelManagement $2,315$2,315
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $4,902$4,902
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $376$376
IX-23 InsuranceManagement $2,145$2,145
IX-24 Other expenses (24a–d)Programs $106,682$106,682
IX-24e All other expensesPrograms $127 · Management $11,354$11,481
IX-25 Total functional expensesPrograms $196,423 · Management $54,421 · Fundraising $0$250,844
Part X · Balance sheet $331,249 assets, 19 lines filed
Asset lines not itemized here account for $47,174; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $218,820$185,677
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $7,095$46,090
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 $929$553
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 $51,601$51,755
X-16 Total assetsStart of year $330,642$331,249
X-17 Accounts payable and accrued expenses$1,250
X-25 Other liabilitiesStart of year $1,286$1,286
X-26 Total liabilitiesStart of year $1,286$2,536
X-27 Net assets without donor restrictionsStart of year $329,356$328,713
X-32 Total net assets or fund balancesStart of year $329,356$328,713
X-33 Total liabilities and net assetsStart of year $330,642$331,249
Part XI · Reconciliation of net assets $328,713 net assets at year end
XI-1 Total revenue$250,201
XI-2 Total expenses$250,844
XI-3 Revenue less expenses−$643
XI-4 Net assets at start of year$329,356
XI-10 Net assets at end of year$328,713

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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