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Nonprofiteer
← MAIN STREET FOUNDATION

Form 990 for tax year 2022

Filed by MAIN STREET FOUNDATION.

Totals

Total revenue
$816,564
Total expenses
$1,000,430
Contributions and grants received
$232,447
Grants paid
$14,944
Program service revenue
$575,782
Investment income
$0
Other revenue
$8,335
Total assets, end of year
$633,352
Total liabilities, end of year
$509,961
Net assets or fund balances, end of year
$123,391
Program services expenses (Part IX)
$964,355
Management and general expenses
$34,998
Fundraising expenses
$1,077
Program service expenses (Part III)
$964,355

Program services were 96.4% 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

    $232,447

  • 2a · Program service revenue: SEMINAR

    total $575,782 · related or exempt $575,782

  • 5 · Royalties

    total $8,040 · excluded $8,040

  • 11a · Other revenue: OTHER INCOME

    total $295 · excluded $295

  • 11e · Other revenue, total

    $295

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $14,944 · program services $14,944

  • 5 · Compensation of officers, directors and key employees

    total $135,877 · program services $123,309 · management and general $12,064 · fundraising $504

  • 7 · Other salaries and wages

    total $271,174 · program services $256,461 · management and general $14,140 · fundraising $573

  • 11b · Fees: legal

    total $460 · program services $460

  • 11c · Fees: accounting

    total $5,295 · management and general $5,295

  • 11g · Fees: other

    total $881 · program services $881

  • 13 · Office expenses

    total $49,592 · program services $49,343 · management and general $249

  • 16 · Occupancy

    total $7,024 · program services $6,218 · management and general $806

  • 17 · Travel

    total $22,377 · program services $22,377

  • 19 · Conferences, conventions and meetings

    total $492,806 · program services $490,362 · management and general $2,444

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $77,478 · end of year $128,837

  • 2 · Savings and temporary cash investments

    beginning of year $557,254 · end of year $430,073

  • 3 · Pledges and grants receivable

    beginning of year $5,000

  • 4 · Accounts receivable

    beginning of year $21,715 · end of year $36,192

  • 9 · Prepaid expenses and deferred charges

    beginning of year $37,732 · end of year $38,250

  • 17 · Accounts payable and accrued expenses

    beginning of year $343,403 · end of year $459,186

  • 19 · Deferred revenue

    beginning of year $48,519 · end of year $50,775

  • 27 · Net assets without donor restrictions

    beginning of year $283,449 · end of year $102,083

  • 28 · Net assets with donor restrictions

    beginning of year $23,808 · end of year $21,308

Mission and programs · 2022

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 $949,411 · Revenue $575,782

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

    Expenses $14,944 · Grants $14,944

As filed on the 2022 return.

Listed in Part VII

  • Shay Iacoponelli

    PRESIDENT

    Total calculated
    $196,557
    From this org
    $113,834
    From related orgs
    $54,907
    Other
    $27,816
    Hours/week
    27 + 13 related

    Schedule J breakdown matched by us

    Base
    $103,584 + $49,869 related
    Bonus
    $10,057 + $4,943 related
    Other
    $193 + $95 related
    Deferred
    $7,861 + $3,864 related
    Nontaxable benefits
    $10,788 + $5,303 related
    Filer's total
    $132,483 + $64,074 related

  • Ursula Jimenez

    SECRETARY/TR

    Total calculated
    $243,793
    From this org
    $3,043
    From related orgs
    $196,489
    Other
    $44,261
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $3,043 + $152,760 related
    Bonus
    not reported + $33,785 related
    Other
    not reported + $9,944 related
    Deferred
    not reported + $7,653 related
    Nontaxable benefits
    $342 + $36,266 related
    Filer's total
    $3,385 + $240,408 related

  • Hazem Ahmed

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Galeano

    DIRECTOR (01

    Total calculated
    $0
    Hours/week
    1

  • Daniel Galindo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Marek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cliff McCauley

    DIRECTOR (01

    Total calculated
    $0
    Hours/week
    1

  • Kevin Monk

    DIRECTOR (12

    Total calculated
    $0
    Hours/week
    1

  • Charles M Neff

    DIRECTOR (04

    Total calculated
    $0
    Hours/week
    1

  • Glen Thurman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brad Womack

    DIRECTOR (12

    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
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202313189349304491

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