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Nonprofiteer
← SPENCER MAIN STREET COMPANY

Form 990 for tax year 2025

Filed by SPENCER MAIN STREET COMPANY.

Totals

Total revenue
$120,156
Total expenses
$144,410
Contributions and grants received
$12,400
Grants paid
$22,000
Program service revenue
$106,563
Investment income
-$7,715
Other revenue
$8,908
Total assets, end of year
$259,052
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$259,052
Program services expenses (Part IX)
$57,905
Management and general expenses
$86,505
Fundraising expenses
$0
Program service expenses (Part III)
$57,905

Program services were 40.1% 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

    $12,400

  • 2a · Program service revenue: SSMID

    total $106,563 · related or exempt $106,563

  • 3 · Investment income

    total $1,814 · excluded $1,814

  • 7b · Less cost or other basis and sales expenses

    other assets $9,529

  • 7c · Gain or loss

    other assets -$9,529

  • 7d · Net gain or loss

    total -$9,529 · related or exempt -$9,529

  • 8a · Fundraising events: gross income

    $23,071

  • 8b · Fundraising events: direct expenses

    $15,263

  • 8c · Net income from fundraising events

    total $7,808

  • 11a · Other revenue: MISCELLANEOUS

    total $1,100 · related or exempt $1,100

  • 11e · Other revenue, total

    $1,100

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $22,000 · program services $22,000

  • 5 · Compensation of officers, directors and key employees

    total $56,680 · management and general $56,680

  • 9 · Other employee benefits

    total $9,900 · management and general $9,900

  • 10 · Payroll taxes

    total $4,336 · management and general $4,336

  • 11c · Fees: accounting

    total $6,907 · management and general $6,907

  • 13 · Office expenses

    total $3,892 · management and general $3,892

  • 19 · Conferences, conventions and meetings

    total $4,754 · program services $4,754

  • 22 · Depreciation, depletion and amortization

    total $17,417 · program services $17,417

  • 23 · Insurance

    total $4,790 · management and general $4,790

  • 24a · Other expenses: GRANTS

    total $5,500 · program services $5,500

  • 24b · Other expenses: MISCELLANEOUS

    total $3,631 · program services $3,631

  • 24c · Other expenses: MISC PAYROLL

    total $1,944 · program services $1,944

  • 24d · Other expenses: ADVERTISING AND PROMOTION

    total $1,804 · program services $1,804

  • 24e · All other expenses

    total $855 · program services $855

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $23,868 · end of year $35,898

  • 2 · Savings and temporary cash investments

    beginning of year $101,239 · end of year $85,338

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

    $245,677

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

    $107,861

  • 10c · Land, buildings and equipment, net

    beginning of year $164,762 · end of year $137,816

  • 25 · Other liabilities

    beginning of year $21,563

  • 27 · Net assets without donor restrictions

    beginning of year $268,306 · end of year $259,052

Mission and programs · 2025

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 $57,905 · Grants $22,000 · Revenue $106,563

As filed on the 2025 return.

Listed in Part VII

  • Nancy Naeve

    DIRECTOR

    Total calculated
    $56,680
    From this org
    $0
    From related orgs
    $56,680
    Other
    $0
    Hours/week
    40

  • Brianna Dean

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1.5

  • Jen Von Ehwegen

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.5

  • Kayla Geelan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Sally Meyers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Emma Miner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Tom Nelson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Ebony Rahe

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5

  • Sydney Roskens

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Amalie Saboe

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Katie Techen

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1.5

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
2025
Filed
4 August 2026
IRS schema version
2025v4.0
Source object
202602229349301190

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