Totals
- Total revenue
- $531,012
- Total expenses
- $574,374
- Contributions and grants received
- $495,620
- Grants paid
- $125
- Program service revenue
- $26,473
- Investment income
- $6,952
- Other revenue
- $1,967
- Total assets, end of year
- $6,145,215
- Total liabilities, end of year
- $1,590
- Net assets or fund balances, end of year
- $6,143,625
- Program services expenses (Part IX)
- $514,577
- Management and general expenses
- $51,565
- Fundraising expenses
- $8,232
- Program service expenses (Part III)
- $514,577
Program services were 89.6% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$222,062
-
1f · All other contributions, gifts and grants
$273,558
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: Red Dirt Black Gold
total $16,070 · related or exempt $16,070 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Christmas
total $6,783 · related or exempt $6,783 · unrelated business $0 · excluded $0
-
2c · Program service revenue: Third Thursday Events
total $2,072 · related or exempt $2,072 · unrelated business $0 · excluded $0
-
2d · Program service revenue: Car Show
total $688 · related or exempt $688 · unrelated business $0 · excluded $0
-
2e · Program service revenue: Other Events
total $497 · related or exempt $497 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $363 · related or exempt $363 · unrelated business $0 · excluded $0
-
3 · Investment income
total $6,952 · related or exempt $0 · unrelated business $0 · excluded $6,952
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $1,967 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $1,967 · personal property $0
-
6d · Net rental income or loss
total $1,967 · related or exempt $1,967 · unrelated business $0 · excluded $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $125 · program services $125
-
7 · Other salaries and wages
total $76,375 · program services $45,825 · management and general $22,913 · fundraising $7,637
-
10 · Payroll taxes
total $5,947 · program services $3,568 · management and general $1,784 · fundraising $595
-
11g · Fees: other
total $196,756 · program services $196,756 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $32,332 · program services $27,701 · management and general $4,631
-
13 · Office expenses
total $6,749 · program services $0 · management and general $6,749 · fundraising $0
-
14 · Information technology
total $333 · program services $84 · management and general $249 · fundraising $0
-
17 · Travel
total $5,119 · program services $0 · management and general $5,119 · fundraising $0
-
19 · Conferences, conventions and meetings
total $2,296 · program services $0 · management and general $2,296 · fundraising $0
-
23 · Insurance
total $27,395 · program services $19,571 · management and general $7,824 · fundraising $0
-
24a · Other expenses: First Street Greenway-Construction & Maintenance
total $73,909 · program services $73,909 · management and general $0 · fundraising $0
-
24b · Other expenses: Downtown Maintenance
total $13,694 · program services $13,694 · management and general $0 · fundraising $0
-
24c · Other expenses: Events
total $130,844 · program services $130,844 · management and general $0 · fundraising $0
-
24d · Other expenses: Facade Improvement
total $2,500 · program services $2,500 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $154,934 · end of year $103,088
-
2 · Savings and temporary cash investments
beginning of year $134,282 · end of year $140,778
-
10a · Land, buildings and equipment: cost or other basis
$443,708
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $443,708 · end of year $443,708
-
15 · Other assets
beginning of year $5,457,641 · end of year $5,457,641
-
17 · Accounts payable and accrued expenses
beginning of year $3,578 · end of year $1,590
-
29 · Capital stock, trust principal or current funds
beginning of year $347,268 · end of year $358,699
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $5,891,257 · end of year $5,828,288
-
31 · Retained earnings, endowment or other funds
beginning of year -$51,538 · end of year -$43,362
Mission and programs · 2024
Mission
Artesia MainStreet, Inc. was organized to encourage, foster and stimulate the preservation and economic development of historic downtown Artesia, NM.
Activities or mission (Part I)
Restoration and preservation of historic downtown, stimulation of economically viable business environment in downtown area, and providing historic and cultural resources to residents and visitors.
-
First Street Greenway-Construction & Maintenance: Eleven acres of land has been improved with approximately 500 trees and ornamental bushes and grass along north Highway 285. This main entry into Artesia, NM is paralleled by a railway line, a large industrial complex, a metal scrap yard and a housing development. In order to present a more positive first impression for visitors, Artesia MainStreet, Inc. has created a beautiful screen along this main thoroughfare to greet visitors and invite them into our town. Artesia MainStreet is responsible for maintenance of the grounds including the sprinkler system and replacement of landscape. Maintenance and repairs make up these expenses.
Expenses $81,757
-
Downtown Events: Artesia MainStreet holds various events in the downtown area to draw the community into the area to explore, shop and socialize. The 2024 events included the downtown Christmas and Halloween festivities, Red Dirt Black Gold concert, Oil Patch Market and a Car Show. A new event introduced in 2024 is the Oil Patch Market, which is hosted at the Oil Patch Derrick Floor location. This market is a farmer's and maker's market that began in summer through December 2024 on a monthly basis. There are also food vendors and local entertainment provided. The Red Dirt Black Gold event is an all day long celebration including food, clubs, and musical entertainment. For Halloween, during Trick or Treat MainStreet, the Main Street road is closed so that downtown businesses can hand out Halloween candy to hundreds of local children. There is a DJ and a "4th Street Party", a costume contest co-sponsored by the Club Scouts. During the Christmas season, Light Up Artesia is an electric light parade, tree lighting and downtown shopping event created to foster community and support economic development.
Expenses $285,242
-
Downtown Maintenance: Artesia, NM area has a population of approximately 15,000 citizens. The downtown area encompasses 40 city blocks and includes the Derrick Floor oilfield monument and the Oilpatch Plaza with its grounds and fountain. There are 4 additional bronze monuments in the downtown area that are part of the History in Bronze series: Sallie Chisum, known as the First Lady of Artesia, Trail Boss and the Vaquero, bringing to life the turn of the century cowboys of the Southwest and the Cattle Rustler, who may have been a contemporary of the famed Billy the Kid. All of the bronzes require periodic waxing and patina touch-ups and the brickwork and landscaping require upkeep. Artesia's Heritage Plaza and Walkway is a beautiful centerpiece in the Downtown District containing a 7-fountain river depicting the culture of our area, represented in handmade ceramic tiles. The walls of the Walkway holds a renovated historic mural depicting our history, the textured floor is an original mural and the entire area is shaded with decorative trees and provides seating areas to encourage visitors to stay and enjoy. Artesia MainStreet is also responsible for maintenance of the grounds surrounding the Artesia Public Library located in the Downtown District as well as the bronze sculpture located in the roundabout at its corner. AMS takes applications for inclusion on the Baish Veterans' Park Wall of Honor. An engraving fee is collected from each applicant. Once the application period is closed, the panel is removed and transported to have the new veterans' names and service information professionally engraved onto the panel. The panel is then transported back and re-installed. Maintenance, repairs, utilities and insurance make up these expenses.
Expenses $144,674
-
Facade Improvement: work done on a building on Main Street to improve the appearance and condition of the building.
Expenses $2,766
-
As part of Artesia MainStreet's commitment to foster a thriving community, the organization provided a donation to Artesia General Hospital Foundation in support of their initiative to enhance healthcare services. Access to quality healthcare is a key component of community vitality, directly impacting the well-being of residents, business owners and visitors within in the Main Street district and surrounding areas.
Expenses $138 · Grants $125
As filed on the 2024 return.
Listed in Part VII
-
Morgan Fox
Executive Manager
- Total calculated
- $76,375
- From this org
- $76,375
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Greg Marrs
Director
- Total calculated
- $0
- Hours/week
- 0.1
-
Ronnie Jackson
Director
- Total calculated
- $0
- Hours/week
- 0.1
-
Lewis Derrick
Director
- Total calculated
- $0
- Hours/week
- 0.1
-
Ken Aaron
Director
- Total calculated
- $0
- Hours/week
- 0.1
-
Peyton Yates
Director
- Total calculated
- $0
- Hours/week
- 0.2
-
John Ross Null
Director
- Total calculated
- $0
- Hours/week
- 0.1
-
Devyn Garcia
Director
- Total calculated
- $0
- Hours/week
- 0.1
-
Jerry Terpening
Director
- Total calculated
- $0
- Hours/week
- 0.1
-
Robert Wachter
Director
- Total calculated
- $0
- Hours/week
- 0
-
Jeremy Kern
Director
- Total calculated
- $0
- Hours/week
- 0.1
-
Tommy Scroggin
Vice-President, Director
- Total calculated
- $0
- Hours/week
- 0.2
-
Jeffrey Bowman
Vice-President, Director
- Total calculated
- $0
- Hours/week
- 0.2
-
Dennis Kinsey
Secretary/Treasurer, Director
- Total calculated
- $0
- Hours/week
- 0.2
-
Nicole Valencia
Director
- Total calculated
- $0
- Hours/week
- 0.1
-
Destiny Rojo
Director
- Total calculated
- $0
- Hours/week
- 0.1
-
Travis Gibb
Director
- Total calculated
- $0
- Hours/week
- 0.1
-
Scott Taylor
President/ Director
- Total calculated
- $0
- Hours/week
- 0.2
-
Ray Withers
Director
- Total calculated
- $0
- Hours/week
- 0.1
-
Allyson Joy
Director
- Total calculated
- $0
- Hours/week
- 0.1
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 5 May 2025
- IRS schema version
- 2024v5.0
- Source object
- 202521259349303202
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