Totals
- Total revenue
- $93,448
- Total expenses
- $87,807
- Contributions and grants received
- $114,505
- Grants paid
- $83,168
- Program service revenue
- $0
- Investment income
- $33
- Other revenue
- -$21,090
- Total assets, end of year
- $1,555,674
- Total liabilities, end of year
- $217,231
- Net assets or fund balances, end of year
- $1,338,443
- Program services expenses (Part IX)
- $85,975
- Management and general expenses
- $1,488
- Fundraising expenses
- $344
- Program service expenses (Part III)
- $85,975
Program services were 97.9% 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.
-
1f · All other contributions, gifts and grants
$114,505
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $33 · excluded $33
-
6a · Gross rents
real property $55,183 · personal property $0
-
6b · Less rental expenses
real property $76,273 · personal property $0
-
6c · Rental income or loss
real property -$21,090 · personal property $0
-
6d · Net rental income or loss
total -$21,090 · unrelated business -$21,090
-
7c · Gain or loss
securities $0 · other assets $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $74,768 · program services $74,768
-
2 · Grants to domestic individuals
total $8,400 · program services $8,400
-
5 · Compensation of officers, directors and key employees
total $500 · program services $500
-
11g · Fees: other
total $1,724 · program services $1,293 · management and general $431 · fundraising $0
-
13 · Office expenses
total $1,375 · management and general $1,031 · fundraising $344
-
24a · Other expenses: BANK CHARGES
total $105 · program services $79 · management and general $26
-
24b · Other expenses: MUSIC AND PERFORMANCE SUPPLIES
total $105 · program services $105
-
24c · Other expenses: EQUIPMENT RENTAL
total $830 · program services $830
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $68,663 · end of year $3,000
-
2 · Savings and temporary cash investments
end of year $46,495
-
5 · Loans and receivables from officers and key people
beginning of year $18,630 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$1,675,459
-
10b · Land, buildings and equipment: accumulated depreciation
$320,890
-
10c · Land, buildings and equipment, net
beginning of year $1,385,416 · end of year $1,354,569
-
11 · Investments: publicly traded securities
end of year $15,616
-
12 · Investments: other securities
beginning of year $100,000 · end of year $100,000
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $0 · end of year $35,994
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $240,513 · end of year $217,231
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $1,332,196 · end of year $1,338,443
Mission and programs · 2022
Mission
MAIN STREET CROSSING SUPPORTS CHARITABLE AND RELIGIOUS ACTIVITIES BY CO-LOCATING MULTIPLE SMALL COMMUNITY CHURCHES WITH LITTLE OR NO COST TO THESE CHURCHES. IT ALLOWS THESE SMALL CHURCHES TO CARRY OUT THEIR BENEVOLENCE & EVANGELISTIC ACTIVITIES FOR THE SURROUNDING COMMUNITIES. ADDITIONALLY, TO BOLSTER CHURCH COMMUNITY VIA CONCERT ATTENDANCE. MAIN STREET CROSSING ALSO PROVIDES GRANTS TO OTHER 501C3 ORGANIZATIONS AND INDIGENT INDIVIDUALS.
Activities or mission (Part I)
SHARED CHURCH FACILITY, FAITH-BASED COMMUNITY INVOLVEMENT
-
GRANTS TO NONPROFITS AND INDIGENT INDIVIDUALS.
Expenses $83,168 · Grants $83,168
-
PROVIDING CHURCH BUILDING/FACILITIES AND OTHER ASSISTANCE TO SONDAY'S CHURCH COMMUNITY IN TOMBALL, TX. SONDAY'S CHURCH HAS BEEN PROVIDED CHURCH BUILDING FACILITIES AT NO COST BY MAIN STREET CROSSING SINCE 2007. FACILITIES INCLUDE A WORSHIP/TEACHING HALL, KITCHEN FACILITIES, AUDIO/VISUAL CAPABILITIES AND OTHER NECESSARY AMENITIES. THIS IS A CHURCH THAT HAS AN ATTENDEE PROFILE/DEMOGRAPHIC OF TROUBLED PEOPLE. DRUG ADDICTION, CRIME, FAMILY PROBLEMS AND OTHER DISFUCTIONS ARE DOMINANT CHARACTERISTICS OF THIS CHURCH COMMUNITY.
Expenses $2,807
As filed on the 2022 return.
Listed in Part VII
-
Kenneth ReynoldsKENNETH REYNOLDS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Richard DavisRICHARD DAVIS
PRESIDENT/TREASURER
- Total calculated
- $500
- From this org
- $500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Kyle HuttonKYLE HUTTON
DIRECTOR
- 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
-
$40,000
TO SUPPORT THE OPERATIONS OF THE ORGANIZATION
-
$16,500
TO SUPPORT THE OPERATIONS OF THE ORGANIZATION
-
$10,000
TO SUPPORT THE OPERATIONS OF THE ORGANIZATION
-
$7,000
TO SUPPORT THE OPERATIONS OF THE ORGANIZATION
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
MAIN STREET MUSIC INC
C Corporation · LIVE MUSIC · TX · 100% owned · share of income $977,332 · share of assets $956,959 · controlled entity
Directly controlled by MAIN STREET CROSSING
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303179349306680
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