Port Townsend Main Street Program: FY2024 Nonprofit Profile & Form 990 (EIN 91-1285016)

Revenue by fiscal year
FY2020	$251K
FY2021	$286K
FY2022	$326K
FY2023	$347K
FY2024	$382K
FY2025	$527K

Expenses by fiscal year
FY2020	$183K
FY2021	$306K
FY2022	$258K
FY2023	$295K
FY2024	$364K
FY2025	$415K

Net assets by fiscal year
FY2020	$356K
FY2021	$337K
FY2022	$404K
FY2023	$457K
FY2024	$474K
FY2025	$586K

Port Townsend Main Street Program Form 990 (PDF) Claim this org

Form 990 (PDF) Claim

You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?

Yes

Per the IRS master file.

Can I give now?

No revocation on IRS record

Not on the IRS revocation list.

Filing up to date?

Yes — filed FY2025

Legal name (IRS)Hdr · item CPort Townsend Main Street Program

EINHdr · item D91-1285016

Exempt statusHdr · item I501(c)(3) · active

Ruling yearIRS BMFFeb 1986

Latest filingForm 990FY2025 · Form 990

Principal addressHdr · item CPort Townsend, WA

NTEE classificationIRS BMFNonprofit

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising

Allocation · columns B–D

92%

Program services $0.92 Management & general $0.08

Program services92%$336K

Management & general8%$28K

Total functional expensesLn 25$364K

Finances

Money in and out, what it owns and owes

Spent on programs

92%

of spending reaches programs

Months of spending covered by cash

15.4mo

months of spending covered by cash and easy-to-sell investments

Surplus or deficit

+5%

as % of revenue, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990

Total assets

$475K

FY2024▲ +4%

Total assets by fiscal year
FY2020	$360K
FY2021	$340K
FY2022	$406K
FY2023	$458K
FY2024	$475K
FY2025	$586K

Total liabilities

$1K

FY20240%

Total liabilities by fiscal year
FY2020	$4K
FY2021	$4K
FY2022	$1K
FY2023	$1K
FY2024	$1K
FY2025	$0

Revenue less expensesPt I · Ln 19$17K

Total assetsPt X · Ln 16$475K

Spent on programsPt IX · col B92%

Voting members of governing bodyPt I · Ln 39

Independent voting membersPt I · Ln 49

Balance Sheet

Part X · end of year

CashLn 1$469K

Total assetsLn 16$475K

Total liabilitiesLn 26$1K

Total net assetsLn 32$474K

Months of cash on handcomputed15.4

Statement of Revenue

Part VIII

Program service revenue$249K · 65%

Other revenue$66K · 17%

Contributions & grants$58K · 15%

Investment income$9K · 2%

Program service revenue65%$249K

Other revenue17%$66K

Contributions & grants15%$58K

Investment income2%$9K

Total revenueLn 12$382K

Money in detail

Form 990 · FY2024 · each figure shown with the dollars behind it

Cash and giving out

Months of spending covered by cash

Cash and easy-to-sell investments $469K · Operating expenses/yr $364K

15.4 months

Where the money goes

Program services

Program services $336K · Total expenses $364K

92%

Management & General

Management & general $28K · Total expenses $364K

Fundraising

Fundraising $0 · Total expenses $364K

Cost to raise $1

Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $27K

Solicited contributions below reporting floor

Where the money comes from

Contribution dependence

Contributions & grants $58K · Total revenue $382K

15%

Government reliance

Government grants — · Total revenue $382K

—

Earned-income share

Program service revenue $249K · Total revenue $382K

65%

Investment reliance

Investment income $9K · Total revenue $382K

+2%

Program self-sufficiency

Program service revenue $249K · Total expenses $364K

68%

Growth & trend

Revenue change from last year

This year $382K · Prior year $347K

+10%

Revenue, average yearly change over 5 years

FY2020 $251K · FY2024 $382K

+11%

Net assets change over the year

End of year $474K · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus or deficit, as % of revenue

Revenue $382K · Expenses $364K

+5%

Debts compared to what it owns

Total liabilities — · Total assets $475K

—

Net assets compared to what it owns

Net assets $474K · Total assets $475K

100%

Marketable Investment Share

Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $475K

People & payroll

Highest Reported Total Compensation

Individual Caroline Erickson · Reported title Director · Highest reported compensation $0 · Total expenses $364K

Personnel share

Salaries, benefits & payroll (Pt IX 5-10) $141K · Total expenses $364K

39%

Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

Metric	This org	Peer median	Percentile
Spent on programs	92%	—	—
Spent on management, % of spending	8%	—	—
Fundraising cost, % of gifts	0%	—	—
Revenue growth	10%	—	—
Investment manager fees, % of assets	0%	—	—
Legal fees, % of spending	0%	—	—
Accounting fees, % of spending	0.9%	—	—
Paid fundraiser fees, % of spending	0%	—	—

Straight from the Form 990 — descriptive, not an evaluation. A share is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation

Caroline Erickson

Director

$0Pt VII · Sec A

Shauna Kohl

Secretary

$0Pt VII · Sec A

Jennifer Wells

Director

$0Pt VII · Sec A

Casey Hannan

President

$0Pt VII · Sec A

Kris Nelson

Treasurer

$0Pt VII · Sec A

Simon Little

Director

$0Pt VII · Sec A

Nathan Barnett

Past President

$0Pt VII · Sec A

Melissa Moller

Director

$0Pt VII · Sec A

See Port Townsend Main Street Program executive salaries →

Are you one of these people? Claim this org to confirm your role

Governance & Policies

Part VI

9Voting board membersPt VI · Ln 1a
9Independent board membersPt VI · Ln 1b
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
Top official’s pay independently reviewedPt VI · Ln 15aNo
Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Port Townsend Main Street Program is a nonprofit based in Port Townsend, WA.

Provided by the organization

This section is blank until Port Townsend Main Street Program claims this page.

Know this organization? Claim it to add your story

Mission & Programs · Part III

Where the work happens

1 program service account for $336K of program spending, described in the organization's own filed words · FY2024.

The trust is a community funded project which works within the context of historical preservation to stimulate business and property preservation and development

$336Kprogram expense

Run this program? Claim this org to tell your story

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 · FY2023

ArtsfundFY2023$12K

Amazonsmile FoundationFY2023$16

Total grants receivedfrom 2 funders$13K

Filing history

Every return on file.

Year	Revenue	Expenses	Change	Filing
FY2025 Latest	$527K	$415K	+38%	990 PDF
FY2024 Viewing	$382K	$364K	+10%	990 PDF
FY2023	$347K	$295K	+7%	990 PDF
FY2022	$326K	$258K	+14%	990 PDF
FY2021	$286K	$306K	+14%	990 PDF
FY2020	$251K	$183K		990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2024

Every line we hold from the return, cited to its Part and line.

Part VIII · Statement of revenue $381,747 across 9 lines filed

VIII-1f All other contributions, gifts and grants$58,043

VIII-1h Total contributions, gifts and grants$58,043

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $249,195$249,195

VIII-3 Investment incomeExcluded from tax $8,783$8,783

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$65,726

VIII-12 Total revenueRelated to mission $249,195 · Excluded from tax $8,783$381,747

Part IX · Statement of functional expenses $364,295 across 31 lines filed

IX-1 Grants to domestic organizations$0

IX-2 Grants to domestic individuals$0

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 staff$0

IX-6 Pay of disqualified persons$0

IX-7 Other salaries and wagesPrograms $94,271 · Management $23,939$118,210

IX-8 Pension plan contributionsPrograms $960$960

IX-9 Other employee benefitsPrograms $6,431 · Management $1,633$8,064

IX-10 Payroll taxesPrograms $10,967 · Management $2,785$13,752

IX-11a Management fees$0

IX-11b Legal fees$0

IX-11c Accounting feesPrograms $3,285$3,285

IX-11d Lobbying fees$0

IX-11e Professional fundraising fees$0

IX-11f Investment management fees$0

IX-11g Other fees for servicesPrograms $36,714$36,714

IX-12 Advertising and promotionPrograms $50$50

IX-13 Office expensesPrograms $2,089$2,089

IX-14 Information technology$0

IX-15 Royalties$0

IX-16 OccupancyPrograms $7,440$7,440

IX-17 TravelPrograms $1,629$1,629

IX-18 Travel and entertainment for public officials$0

IX-19 Conferences, conventions and meetings$0

IX-20 InterestPrograms $102$102

IX-21 Payments to affiliates$0

IX-22 Depreciation, depletion and amortization$0

IX-23 InsurancePrograms $6,180$6,180

IX-24 Other expenses (24a–d)Programs $149,652$149,652

IX-24e All other expensesPrograms $16,168$16,168

IX-25 Total functional expensesPrograms $335,938 · Management $28,357 · Fundraising $0$364,295

Part X · Balance sheet $475,457 assets, 18 lines filed

X-1 Cash, non-interest-bearingStart of year $188,709$195,004

X-2 Savings and temporary cash investmentsStart of year $265,050$273,833

X-3 Pledges and grants receivable$0

X-4 Accounts receivableStart of year $4,246$816

X-8 Inventories for sale or use$0

X-9 Prepaid expenses and deferred charges$0

X-10c Land, buildings and equipment, net$0

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 assets$5,804

X-16 Total assetsStart of year $458,005$475,457

X-17 Accounts payable and accrued expensesStart of year $1,436$1,436

X-26 Total liabilitiesStart of year $1,436$1,436

X-27 Net assets without donor restrictionsStart of year $456,569$474,021

X-32 Total net assets or fund balancesStart of year $456,569$474,021

X-33 Total liabilities and net assetsStart of year $458,005$475,457

Part XI · Reconciliation of net assets $474,021 net assets at year end

XI-1 Total revenue$381,747

XI-2 Total expenses$364,295

XI-3 Revenue less expenses$17,452

XI-4 Net assets at start of year$456,569

XI-10 Net assets at end of year$474,021

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

Similar organizations you could support

Closest in mission — by what they do

Townsend Cades Cove Gateway AllianceTN

Merchants and Drovers Tavern Museum Association INCNJ

Waller County Historical Society INCTX

Port Townsend Aero MuseumWA

The Waterfront MuseumNY

Port Lavaca Mainstreet INCTX

See all organizations like Port Townsend Main Street Program →

Run this organization? Claim this page

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2024IRS

Classification, formation year, addressIRS Business Master File

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Export with similar orgs (CSV)

Port Townsend Main Street Program FY2024 filing

Before you give

Status and standing

Where the money goes

Statement of Functional Expenses

Finances

Summary of the Filing

Balance Sheet

Statement of Revenue

Money in detail

Leadership and pay

Officers, Directors & Key Employees

Governance & Policies

Mission and programs

Where the work happens

Funders

Grants

Filing history

Schedules filed Part IV

Full filing: Form 990 for FY2024

Similar organizations you could support

Compare

Sources