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Nonprofiteer
← NATIONAL MAIN STREET CENTER INC

Form 990 for tax year 2024

Filed by NATIONAL MAIN STREET CENTER INC.

Totals

Total revenue
$17,703,800
Total expenses
$19,357,778
Contributions and grants received
$12,739,463
Grants paid
$0
Program service revenue
$4,805,230
Investment income
$132,842
Other revenue
$26,265
Total assets, end of year
$12,213,643
Total liabilities, end of year
$4,908,650
Net assets or fund balances, end of year
$7,304,993
Program services expenses (Part IX)
$16,364,017
Management and general expenses
$2,398,300
Fundraising expenses
$595,461
Program service expenses (Part III)
$16,364,017

Program services were 84.5% 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.

  • 1b · Membership dues

    $912,042

  • 1e · Government grants (contributions)

    $5,685,250

  • 1f · All other contributions, gifts and grants

    $6,142,171

  • 2a · Program service revenue: CONTRACT SERVICES

    total $3,776,026 · related or exempt $3,776,026

  • 2b · Program service revenue: CONFERENCES

    total $1,029,204 · related or exempt $1,029,204

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $118,983 · excluded $118,983

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $13,859

  • 7c · Gain or loss

    securities $13,859 · other assets $0

  • 7d · Net gain or loss

    total $13,859 · excluded $13,859

  • 11a · Other revenue: MISCELLANEOUS

    total $26,265 · related or exempt $12,925 · excluded $13,340

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $26,265

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,120,723 · program services $813,335 · management and general $202,664 · fundraising $104,724

  • 7 · Other salaries and wages

    total $4,095,424 · program services $2,972,143 · management and general $740,590 · fundraising $382,691

  • 8 · Pension plan contributions

    total $169,730 · program services $120,841 · management and general $33,026 · fundraising $15,863

  • 9 · Other employee benefits

    total $600,190 · program services $429,288 · management and general $114,811 · fundraising $56,091

  • 10 · Payroll taxes

    total $386,188 · program services $276,221 · management and general $73,875 · fundraising $36,092

  • 11b · Fees: legal

    total $1,200 · management and general $1,200

  • 11c · Fees: accounting

    total $60,236 · management and general $60,236

  • 11d · Fees: lobbying

    total $595,461 · program services $595,461

  • 11f · Fees: investment management

    total $868 · management and general $868

  • 11g · Fees: other

    total $4,757,924 · program services $4,403,679 · management and general $354,245 · fundraising $0

  • 13 · Office expenses

    total $466,991 · program services $422,810 · management and general $44,181

  • 14 · Information technology

    total $638,470 · program services $326,119 · management and general $312,351

  • 16 · Occupancy

    total $117,367 · program services $41,210 · management and general $76,157

  • 17 · Travel

    total $810,416 · program services $679,067 · management and general $131,349

  • 19 · Conferences, conventions and meetings

    total $719,537 · program services $578,188 · management and general $141,349

  • 23 · Insurance

    total $16,931 · program services $99 · management and general $16,832

  • 24a · Other expenses: MAIN STREET SUPPORT & OTHER PROGRAM EXP

    total $4,590,963 · program services $4,590,963

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $200,321 · program services $110,017 · management and general $90,304

  • 24c · Other expenses: REFERENCES & EDITORIAL

    total $8,838 · program services $4,576 · management and general $4,262

  • 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 $3,851,391 · end of year $1,076,090

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $6,113,040

  • 3 · Pledges and grants receivable

    beginning of year $8,180,161 · end of year $3,652,304

  • 4 · Accounts receivable

    beginning of year $1,131,787 · end of year $957,574

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $37,338 · end of year $31,933

  • 9 · Prepaid expenses and deferred charges

    beginning of year $32,236 · end of year $7,142

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $283,053 · end of year $375,560

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,236,367 · end of year $1,817,642

  • 19 · Deferred revenue

    beginning of year $3,335,083 · end of year $3,091,008

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$399,361 · end of year -$1,574,828

  • 28 · Net assets with donor restrictions

    beginning of year $9,343,877 · end of year $8,879,821

Mission and programs · 2024

Mission

NATIONAL MAIN STREET CENTER, INC. (NMSC) LEADS A COLLABORATIVE MOVEMENT WITH PARTNERS AND GRASSROOTS LEADERS THAT ADVANCES SHARED PROSPERITY, CREATES RESILIENT ECONOMIES, AND IMPROVES QUALITY OF LIFE THROUGH PLACE-BASED ECONOMIC DEVELOPMENT AND COMMUNITY PRESERVATION IN DOWNTOWNS AND NEIGHBORHOOD COMMERCIAL DISTRICTS ACROSS THE COUNTRY.

Activities or mission (Part I)

TO PROMOTE AND FACILITATE THE HISTORIC PRESERVATION AND ACTIVE USE OF DOWNTOWN AND NEIGHBORHOOD COMMERCIAL DISTRICTS THROUGHOUT THE UNITED STATES.

  • NMSC PARTNERS WITH A RANGE OF NATIONALLY RECOGNIZED CORPORATIONS, FOUNDATIONS, GOVERNMENT ENTITIES, AND ORGANIZATIONS TO DELIVER GRANTS AND TECHNICAL SERVICES TO SUPPORT THRIVING LOCAL ECONOMIES AND INVITING SPACES. THROUGH THESE PARTNERSHIPS, NMSC WAS ABLE TO PROVIDE TECHNICAL ASSISTANCE AND CAPACITY BUILDING TO BACK UNDERREPRESENTED SMALL BUSINESS OWNERS AND COMMUNITY ORGANIZATIONS FOR LONG-TERM SUCCESS AND RESILIENCE.

    Expenses $10,144,205

  • NMSC FOCUSES ON DELIVERING EXCELLENT BENEFITS AND HIGH VALUE SERVICES TO THE NMSC NETWORK THROUGH ITS MEMBERSHIP PROGRAM. NMSC PROVIDES MEMBERS WITH CUTTING EDGE RESOURCES, TRAINING, RESEARCH AND NETWORKING OPPORTUNITIES. NMSC MEMBERSHIP INCLUDES ACCESS TO A WIDE RANGE OF EDUCATIONAL MATERIALS, THE E-NEWSLETTER, MAIN STREET NEWS, FEATURES ARTICLES ABOUT BEST PRACTICES, NEW TRENDS IN THE FIELD, SHOWCASES SUCCESSFUL PROGRAMS, AND SHARES STRATEGIES FOR INCORPORATING HISTORIC PRESERVATION INTO EXISTING COMMUNITY DEVELOPMENT EFFORTS.

    Expenses $3,191,093 · Revenue $1,042,129

  • NMSC FIELD SERVICES STAFF OFFERS A WIDE RANGE OF TRAINING SEMINARS AND WORKSHOPS, ALL TAILORED TO MEET COMMUNITY NEEDS, AND ADVANCE HISTORIC-PRESERVATION BASED COMMUNITY ECONOMIC DEVELOPMENT. COMMONLY REQUESTED WORKSHOPS AND SEMINARS INCLUDED A VARIETY OF HISTORIC PRESERVATION AND ORGANIZATIONAL DEVELOPMENT TOPICS, SUCH AS THE BASICS OF REAL ESTATE FINANCE, SMALL BUSINESS DEVELOPMENT, HOW TO FACILITATE EFFECTIVE MEETINGS, RECRUIT VOLUNTEERS, DEVELOP A FUNDRAISING PLAN AND BUILD AN EFFECTIVE MEMBERSHIP PROGRAM. NMSC ALSO PROVIDED CUSTOMIZED TRAINING WORKSHOPS AND SEMINARS ON TOPICS OF CONCERN OR INTEREST TO LOCAL COMMUNITIES.

    Expenses $3,028,719 · Revenue $3,776,026

As filed on the 2024 return.

Listed in Part VII

  • Jess Zimbabwe

    CHAIR

    Total calculated
    $0
    Hours/week
    2
  • John Mitterholzer

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Tyrone Rachel

    SECRETARY (AS OF 9/2024)

    Total calculated
    $0
    Hours/week
    2
  • Chris Wilson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Darryl Young

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Deshea Agee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Ed McMahon

    DIRECTOR (THRU 10/2024)

    Total calculated
    $0
    Hours/week
    2
  • Jenice Conteras

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Kevin Daniels

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Lynda Tran

    DIRECTOR (AS OF 9/2024)

    Total calculated
    $0
    Hours/week
    2
  • Mary Helmer Wirth

    DIRECTOR (AS OF 9/2024)

    Total calculated
    $0
    Hours/week
    2
  • Michael Wagler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Tom Mayes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Erin Barnes

    PRESIDENT & CEO

    Total calculated
    $308,452
    From this org
    $293,764
    From related orgs
    $0
    Other
    $14,688
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $293,764
    Bonus
    $0
    Other
    $0
    Deferred
    $14,688
    Nontaxable benefits
    $0
    Filer's total
    $308,452
  • Hannah White

    CHIEF IMPACT OFFICER

    Total calculated
    $207,237
    From this org
    $197,369
    From related orgs
    $0
    Other
    $9,868
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $197,369
    Bonus
    $0
    Other
    $0
    Deferred
    $9,868
    Nontaxable benefits
    $0
    Filer's total
    $207,237
  • John Chomiak

    CHIEF FINANCIAL & ADMINISTRATIVE OFFICER

    Total calculated
    $190,777
    From this org
    $181,692
    From related orgs
    $0
    Other
    $9,085
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $181,692
    Bonus
    $0
    Other
    $0
    Deferred
    $9,085
    Nontaxable benefits
    $0
    Filer's total
    $190,777
  • Dionne Baux

    CHIEF PROGRAMS OFFICER

    Total calculated
    $171,019
    From this org
    $162,875
    From related orgs
    $0
    Other
    $8,144
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $162,875
    Bonus
    $0
    Other
    $0
    Deferred
    $8,144
    Nontaxable benefits
    $0
    Filer's total
    $171,019
  • Matt Wagner

    CHIEF INNOVATION OFFICER

    Total calculated
    $192,045
    From this org
    $182,900
    From related orgs
    $0
    Other
    $9,145
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $182,900
    Bonus
    $0
    Other
    $0
    Deferred
    $9,145
    Nontaxable benefits
    $0
    Filer's total
    $192,045
  • Debra Wise

    BUSINESS MANAGER

    Total calculated
    $132,012
    From this org
    $125,726
    From related orgs
    $0
    Other
    $6,286
    Hours/week
    35
  • Jawanza Joseph

    VICE PRESIDENT OF FINANCE

    Total calculated
    $128,417
    From this org
    $122,302
    From related orgs
    $0
    Other
    $6,115
    Hours/week
    35
  • Kathy La Plante

    VICE PRESIDENT OF MAIN STREET PROGRAMS

    Total calculated
    $142,822
    From this org
    $136,021
    From related orgs
    $0
    Other
    $6,801
    Hours/week
    35
  • Michael Powe

    SENIOR DIRECTOR OF RESEARCH

    Total calculated
    $133,557
    From this org
    $127,197
    From related orgs
    $0
    Other
    $6,360
    Hours/week
    35
  • Norma Miess

    VP OF FIELD SERVICES - DOWNTOWN (THRU 07/2024)

    Total calculated
    $177,840
    From this org
    $169,371
    From related orgs
    $0
    Other
    $8,469
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $96,800
    Bonus
    $0
    Other
    $72,571
    Deferred
    $8,469
    Nontaxable benefits
    $0
    Filer's total
    $177,840

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

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

Schedule J, Part I, Line 4a Severance or change-of-control payment
NORMA MIESS, VICE PRESIDENT OF FIELD SERVICES - DOWNTOWN, RECEIVED A SEVERANCE PAYMENT OF $72,571 DURING THE TAX YEAR IN CONNECTION WITH HER SEPARATION FROM SERVICE. THE PAYMENT WAS INCLUDED IN HER FORM W-2 AND REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III).
Schedule J, Part I, Line 3
EMPLOYEES OF THIS ORGANIZATION ARE SUBJECT TO THE COMPENSATION POLICIES OF THE NATIONAL TRUST FOR HISTORIC PRESERVATION, THE RELATED PARENT ORGANIZATION.

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.

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.

  • NATIONAL TRUST COMMUNITY INVESTMENT CORP

    C Corporation · COMMUNITY INV · DE · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NATIONAL TRUST FOR HISTORIC PRESERVATION IN THE UNITED STATES

Provenance

Return type
form_990
Tax year
2024
Filed
6 May 2026
IRS schema version
2024v5.1
Source object
202621269349302247

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