Skip to content
Nonprofiteer
← SPENCER MAIN STREET COMPANY

Form 990 for tax year 2023

Filed by SPENCER MAIN STREET COMPANY.

Totals

Total revenue
$141,767
Total expenses
$160,238
Contributions and grants received
$21,500
Grants paid
$42,061
Program service revenue
$97,592
Investment income
$2,388
Other revenue
$20,287
Total assets, end of year
$331,094
Total liabilities, end of year
$38,861
Net assets or fund balances, end of year
$292,233
Program services expenses (Part IX)
$76,739
Management and general expenses
$83,499
Fundraising expenses
$0
Program service expenses (Part III)
$76,739

Program services were 47.9% 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.

  • 1e · Government grants (contributions)

    $20,000

  • 1f · All other contributions, gifts and grants

    $1,500

  • 2a · Program service revenue: SSMID

    total $97,592 · related or exempt $97,592

  • 3 · Investment income

    total $2,388 · excluded $2,388

  • 8a · Fundraising events: gross income

    $31,320

  • 8b · Fundraising events: direct expenses

    $24,912

  • 8c · Net income from fundraising events

    total $6,408

  • 11a · Other revenue: MISCELLANEOUS

    total $13,879 · related or exempt $13,879

  • 11e · Other revenue, total

    $13,879

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $42,061 · program services $42,061

  • 5 · Compensation of officers, directors and key employees

    total $56,093 · management and general $56,093

  • 9 · Other employee benefits

    total $8,602 · management and general $8,602

  • 10 · Payroll taxes

    total $6,867 · management and general $6,867

  • 11c · Fees: accounting

    total $4,970 · management and general $4,970

  • 13 · Office expenses

    total $3,080 · management and general $3,080

  • 19 · Conferences, conventions and meetings

    total $4,300 · program services $4,300

  • 22 · Depreciation, depletion and amortization

    total $21,889 · program services $21,889

  • 23 · Insurance

    total $3,887 · management and general $3,887

  • 24a · Other expenses: MISCELLANEOUS

    total $5,816 · program services $5,816

  • 24b · Other expenses: ADVERTISING AND PROMOTION

    total $1,795 · program services $1,795

  • 24c · Other expenses: DUES

    total $729 · program services $729

  • 24d · Other expenses: WEBSITE EXPENSE

    total $149 · program services $149

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $31,785 · end of year $25,224

  • 2 · Savings and temporary cash investments

    beginning of year $139,879 · end of year $120,249

  • 10a · Land, buildings and equipment: cost or other basis

    $285,701

  • 10b · Land, buildings and equipment: accumulated depreciation

    $100,080

  • 10c · Land, buildings and equipment, net

    beginning of year $192,841 · end of year $185,621

  • 25 · Other liabilities

    beginning of year $53,801 · end of year $38,861

  • 27 · Net assets without donor restrictions

    beginning of year $310,704 · end of year $292,233

Mission and programs · 2023

Mission

TO ENHANCE SPENCER'S MAIN STREET DISTRICT AS A BUSINESS, PROFESSIONAL, AND CULTURAL CENTER IN NORTHWEST IOWA.

  • PROMOTED DOWNTOWN DISTRICT WITH ACTIVITIES TO INCREASE THE AWARENESS OF GOODS AND SERVICES AVAILABLE.

    Expenses $76,739 · Grants $42,061 · Revenue $97,592

As filed on the 2023 return.

Listed in Part VII

  • NANCY NAEVE

    DIRECTOR

    Total calculated
    $56,093
    From this org
    $56,093
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • NICK APPLEGATE

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JOE CAREY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SCOTT CONRAD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRIANNA DEAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DANI DORAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DUSTIN GROSSNICKLE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ERIC MEETER

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • SALLY PETERSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • EBONY RAHE

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • KATIE TECHEN

    BOARD MEMBER

    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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
4 February 2025
IRS schema version
2023v6.0
Source object
202530369349301003

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.