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Nonprofiteer
← MAIN STREET FOUNDATION

Form 990 for tax year 2024

Filed by MAIN STREET FOUNDATION.

Totals

Total revenue
$1,231,473
Total expenses
$1,060,558
Contributions and grants received
$377,992
Grants paid
$5,890
Program service revenue
$838,489
Investment income
$9,177
Other revenue
$5,815
Total assets, end of year
$711,946
Total liabilities, end of year
$540,393
Net assets or fund balances, end of year
$171,553
Program services expenses (Part IX)
$863,221
Management and general expenses
$189,608
Fundraising expenses
$7,729
Program service expenses (Part III)
$863,221

Program services were 81.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $377,992

  • 2a · Program service revenue: SEMINAR

    total $838,489 · related or exempt $750,989 · excluded $87,500

  • 3 · Investment income

    total $9,177 · excluded $9,177

  • 5 · Royalties

    total $5,815 · excluded $5,815

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $5,890 · program services $5,890

  • 5 · Compensation of officers, directors and key employees

    total $31,293 · program services $25,751 · management and general $5,038 · fundraising $504

  • 7 · Other salaries and wages

    total $256,108 · program services $83,710 · management and general $171,692 · fundraising $706

  • 11c · Fees: accounting

    total $5,760 · management and general $5,760

  • 11g · Fees: other

    total $42,070 · program services $34,551 · management and general $1,000 · fundraising $6,519

  • 12 · Advertising and promotion

    total $320 · program services $320

  • 13 · Office expenses

    total $60,864 · program services $55,687 · management and general $5,177

  • 16 · Occupancy

    total $2,053 · program services $1,950 · management and general $103

  • 17 · Travel

    total $19,265 · program services $19,265

  • 19 · Conferences, conventions and meetings

    total $636,883 · program services $636,045 · management and general $838

  • 24a · Other expenses: FIT P&I EXPENSE

    total $50 · program services $50

  • 24b · Other expenses: TAXES

    total $2 · program services $2

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $96,519 · end of year $162,893

  • 2 · Savings and temporary cash investments

    beginning of year $423,073 · end of year $472,371

  • 4 · Accounts receivable

    beginning of year $8,975 · end of year $25,074

  • 9 · Prepaid expenses and deferred charges

    beginning of year $85,255 · end of year $51,608

  • 15 · Other assets

    beginning of year $1,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $578,254 · end of year $478,352

  • 19 · Deferred revenue

    beginning of year $36,430 · end of year $62,041

  • 27 · Net assets without donor restrictions

    beginning of year -$20,670 · end of year $150,245

  • 28 · Net assets with donor restrictions

    beginning of year $21,308 · end of year $21,308

Mission and programs · 2024

Mission

FUNDS INITIATIVES WITH THE POWER TO HELP COMMUNITY BANKERS ACTIVELY CREATE A MORE SECURE FINANCIAL FUTURE FOR ALL TEXANS. FOCUS IS DIRECTED TOWARD FINANCIAL LITERACY PROGRAMS FOR BANKERS.

Activities or mission (Part I)

PROMOTE DEVELOPMENT OF COMMUNITY BANKERS AND TEACH FINANCIAL LITERACY.

  • COMMUNITY BANK EDUCATION INCLUDES A BLEND OF PRACTICAL ONE-FIVE DAY INSTRUCTOR-LED/ONLINE SEMINARS AND BANKING SCHOOLS THAT FOCUS ON RULES AND REGULATIONS THAT GOVERN LENDING, INVESTMENT AND OPERATIONAL PRACTICES IN COMMUNITY BANKS.

    Expenses $857,331 · Revenue $750,989

  • SCHOLARSHIP PROGRAM FOR EMPLOYEES OF ANY MEMBER BANK TO ATTEND A SPECIFIC BANKING SCHOOL.

    Expenses $5,890 · Grants $5,890

As filed on the 2024 return.

Listed in Part VII

  • Christopher Williston VI

    PRESIDENT

    Total calculated
    $394,089
    From this org
    $23,709
    From related orgs
    $323,162
    Other
    $47,218
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $23,709 + $256,516 related
    Bonus
    not reported + $45,000 related
    Other
    not reported + $21,646 related
    Deferred
    not reported + $8,625 related
    Nontaxable benefits
    $1,775 + $36,818 related
    Filer's total
    $25,484 + $368,605 related

  • Ursula Jimenez

    SECRETARY/TR

    Total calculated
    $258,679
    From this org
    $7,727
    From related orgs
    $212,304
    Other
    $38,648
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $7,727 + $161,453 related
    Bonus
    not reported + $40,868 related
    Other
    not reported + $9,983 related
    Deferred
    not reported + $688 related
    Nontaxable benefits
    $638 + $37,322 related
    Filer's total
    $8,365 + $250,314 related

  • Kevin Monk

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Brian Bowers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Galeano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Breanne Granberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charles M Neff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brad Womack

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • IBAT

    501C6 · MEMBERSHIP · TX

Provenance

Return type
form_990
Tax year
2024
Filed
8 November 2025
IRS schema version
2024v5.0
Source object
202523129349300707

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