Ada Main Street INC

Tax-deductible

Ada, OK501(c)(3)Community DevelopmentEIN 73-1384844Revenue $224K in FY2025

On file with the IRSadamainstreet.com119 N Broadway Ave Ste 18, 74820-5049 · Ada, OKTax-exempt since Dec 1991Publicly supported charity — 170(b)(1)(A)(vi)

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Cooperate and coordinate with the city of Ada on projects involving the downtown area

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
Run by 1,040 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$25K
to officers and key staff · 13% of spending
Top officer’s pay lower than 87% of similar orgs
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $500
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$419
0.5% of total assets
Looks good: liabilities are 0% 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
$224K
+51% vs prior year
Spent
$190K
To programs
66%
Net assets
$92K
By yearFY2022–FY2025
Revenue
$224K
FY2025▲ +51%
Tap a bar for its year
Revenue by fiscal year
FY2022$94K
FY2023$94K
FY2024$149K
FY2025$224K
Net assets
$92K
FY2025▲ +59%
Tap a bar for its year
Net assets by fiscal year
FY2022$72K
FY2023$66K
FY2024$58K
FY2025$92K

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1991.

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

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $126K Management & general 34% · $64K

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

14 people listed on the 990; $25K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$25,273Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Ada Represen
$0Pt VII · Sec A
Economic Vit
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A

Lakelynn Anderson’s $25K as Director is at the 13th 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Jessica Conway—$44,607$9,124—
Marissa Tucker——$35,112$27,630
Lakelynn Anderson$25,273———

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

Coordinates downtown projects with the City of Ada.

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Provided by the organization

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1 program · $126K · in their own filed words · FY2024
01

Cooperated and coordinated with the city of ada on many projects including festivals, parades and other special events involving the downtown area

$126Kprogram 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 · FY2022
Total grants receivedfrom 1 funder$500

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$224K
Ln 12
Fees for servicesLn 2g$134K
Gifts and grantsLn 1h$91K
Investment incomeLn 3$32
Money outPt IX
$190K
Ln 25
Programscol B$126K
Managementcol C$64K
Owns and owesPt X
$92K
net assets · Ln 32
Cash and savingsLn 1–2$93K
Total assetsLn 16$93K
LiabilitiesLn 26$419
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$91K
Government grantsLn 1e$90K
Fees for servicesLn 2g$134K
Investment incomeLn 3$32
Total revenueLn 12$224K
Assets in detailPt X, end of year
CashLn 1$93K
Cash and savings togetherLn 1–2$93K
Total assetsLn 16$93K
LiabilitiesLn 26$419
Net assetsLn 32$92K
OperationsPt I, VI
EmployeesI 53
VolunteersI 61,040
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$59K$93K
Total assetsLn 16$59K$93K
LiabilitiesLn 26$1K$419
Net assetsLn 32$58K$92K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$62K$35K$27K
Payroll taxesLn 10$5K$3K$2K
Accounting feesLn 11c$5K$5K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$13K$833$13K
OccupancyLn 16$6K$590$6K
TravelLn 17$3K$3K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$84K$83K$1K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$190K$126K$64K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $224K$190K$34K$92K 990 PDF
FY2024 $149K$58K 990 PDF
FY2023 $94K$66K 990 PDF
FY2022 $94K$72K 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 FY2025 990 (6 parts)
Part I · Summary $224,493 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $96,400$90,844
I-9 Program service revenuePrior year $52,215$133,617
I-10 Investment incomePrior year $29$32
I-11 Other revenue$0
I-12 Total revenuePrior year $148,644$224,493
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $69,205$66,514
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $87,621$123,546
I-18 Total expensesPrior year $156,826$190,060
I-19 Revenue less expensesPrior year −$8,182$34,433
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 $224,493 across 6 lines filed
VIII-1e Government grants$90,000
VIII-1f All other contributions, gifts and grants$844
VIII-1h Total contributions, gifts and grants$90,844
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $133,617$133,617
VIII-3 Investment incomeRelated to mission $32$32
VIII-12 Total revenueRelated to mission $133,649$224,493
Part IX · Statement of functional expenses $190,060 across 10 lines filed
IX-7 Other salaries and wagesPrograms $35,086 · Management $26,701$61,787
IX-10 Payroll taxesPrograms $2,683 · Management $2,044$4,727
IX-11c Accounting feesManagement $5,347$5,347
IX-12 Advertising and promotionPrograms $3,943$3,943
IX-13 Office expensesPrograms $833 · Management $12,646$13,479
IX-16 OccupancyPrograms $590 · Management $5,834$6,424
IX-17 TravelManagement $2,811$2,811
IX-23 InsuranceManagement $4,709$4,709
IX-24 Other expenses (24a–d)Programs $82,737 · Management $1,490$84,227
IX-24e All other expensesManagement $2,606$2,606
IX-25 Total functional expensesPrograms $125,872 · Management $64,188 · Fundraising $0$190,060
Part X · Balance sheet $92,881 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $59,147$92,881
X-16 Total assetsStart of year $59,147$92,881
X-17 Accounts payable and accrued expensesStart of year $1,118$419
X-26 Total liabilitiesStart of year $1,118$419
X-27 Net assets without donor restrictionsStart of year $58,029$92,462
X-32 Total net assets or fund balancesStart of year $58,029$92,462
X-33 Total liabilities and net assetsStart of year $59,147$92,881
Part XI · Reconciliation of net assets $92,462 net assets at year end
XI-1 Total revenue$224,493
XI-2 Total expenses$190,060
XI-3 Revenue less expenses$34,433
XI-4 Net assets at start of year$58,029
XI-10 Net assets at end of year$92,462

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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