Form 990 for tax year 2022
Filed by HYANNIS MAIN STREET BUSINESS IMPROVEMENT DISTRICT INC.
Totals
- Total revenue
- $404,414
- Total expenses
- $402,706
- Contributions and grants received
- $87,260
- Grants paid
- $30,000
- Program service revenue
- $293,659
- Investment income
- $1,450
- Other revenue
- $22,045
- Total assets, end of year
- $511,931
- Total liabilities, end of year
- $37,149
- Net assets or fund balances, end of year
- $474,782
- Program services expenses (Part IX)
- $314,675
- Management and general expenses
- $58,125
- Fundraising expenses
- $29,906
- Program service expenses (Part III)
- $314,675
Program services were 78.1% 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.
-
1e · Government grants (contributions)
$45,426
-
1f · All other contributions, gifts and grants
$41,834
-
2a · Program service revenue: BID ASSESSMENTS
total $293,659 · related or exempt $293,659
-
3 · Investment income
total $1,450 · related or exempt $1,450
-
11a · Other revenue: MARKETING REVENUE
total $22,045 · excluded $22,045
-
11e · Other revenue, total
$22,045
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $30,000 · program services $30,000
-
7 · Other salaries and wages
total $158,612 · program services $142,751 · management and general $15,861
-
9 · Other employee benefits
total $13,207 · program services $11,886 · management and general $1,321
-
10 · Payroll taxes
total $12,411 · program services $11,170 · management and general $1,241
-
11b · Fees: legal
total $1,500 · program services $1,500
-
11c · Fees: accounting
total $12,345 · management and general $12,345
-
12 · Advertising and promotion
total $48,215 · program services $44,719 · management and general $3,496
-
13 · Office expenses
total $12,160 · management and general $12,160
-
16 · Occupancy
total $9,750 · program services $8,775 · management and general $975
-
19 · Conferences, conventions and meetings
total $2,005 · program services $2,005
-
23 · Insurance
total $6,087 · management and general $6,087
-
24a · Other expenses: MAINTENANCE OF DISTRICT
total $44,982 · program services $44,982
-
24b · Other expenses: EVENTS
total $29,906 · fundraising $29,906
-
24c · Other expenses: BUSINESS DEVELOPMENT
total $9,435 · program services $9,435
-
24d · Other expenses: TELEPHONE
total $4,956 · program services $4,460 · management and general $496
-
24e · All other expenses
total $7,135 · program services $2,992 · management and general $4,143
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $23,499 · end of year $6,169
-
2 · Savings and temporary cash investments
beginning of year $98,131 · end of year $89,326
-
4 · Accounts receivable
beginning of year $375,936 · end of year $413,439
-
9 · Prepaid expenses and deferred charges
beginning of year $3,216 · end of year $2,997
-
10a · Land, buildings and equipment: cost or other basis
$36,976
-
10b · Land, buildings and equipment: accumulated depreciation
$36,976
-
17 · Accounts payable and accrued expenses
beginning of year $27,708 · end of year $37,149
-
27 · Net assets without donor restrictions
beginning of year $473,074 · end of year $474,782
Mission and programs · 2022
Mission
THIS ORGANIZATION WAS ORGANIZED FOR THE CIVIC PURPOSE OF PROMOTING, DEVELOPING, AND ADVANCING BUSINESS WITHIN THE DISTRICT IN THE DOWNTOWN AREA OF HYANNIS, MASSACHUSETTS.
-
PROMOTING, DEVELOPING, AND ADVANCING BUSINESS WITHIN ITS BUSINESS DISTRICT.
Expenses $314,675 · Grants $30,000
As filed on the 2022 return.
Listed in Part VII
-
David ColomboDAVID COLOMBO
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Betsy YoungBETSY YOUNG
VICE-PRESIDE
- Total calculated
- $0
- Hours/week
- 0.5
-
Stan HodkinsonSTAN HODKINSON
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Mark SextonMARK SEXTON
CLERK
- Total calculated
- $0
- Hours/week
- 0.5
-
Richard PennRICHARD PENN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Aaron WebbAARON WEBB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
David LawlerDAVID LAWLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Pat SmithPAT SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jen VillaJEN VILLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Caroline McKeonCAROLINE MCKEON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Lynn MitchellLYNN MITCHELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Bruce PrescottBRUCE PRESCOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Paul MarblePAUL MARBLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Rob BrennanROB BRENNAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dhaval PrajapatiDHAVAL PRAJAPATI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
William ScottiWILLIAM SCOTTI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Paulo ParaguayPAULO PARAGUAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
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
-
DIVA'S BEAUTY STUDIO
$10,000
PANDEMIC ASSISTANCE
-
MELISSA MORRIS
$10,000
PANDEMIC ASSISTANCE
-
SEW WHAT
$10,000
PANDEMIC ASSISTANCE
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 16 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202440269349301554
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