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Main Street Of Sterling Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 203406778 ✦ Sterling, IL ✦ Designated as a 501(c)(3)

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Overview

What is Main Street Of Sterling Inc?

Main Street of Sterling Inc is a nonprofit organization situated in Sterling, focusing on the promotion and enhancement of its central business district. They achieve this by supporting local retailers, boosting tourism, preserving historically significant buildings, and fostering development within the district. Their mission is multifaceted, encompassing the overall promotion and betterment of Sterling's central business area.

Is Main Street Of Sterling Inc legitimate?

Main Street Of Sterling Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Main Street Of Sterling Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $73,346
Professional Fundraising Fees: $0
Other Salaries and Wages: $31,496

For more financial information, click here

What is the mission statement of Main Street Of Sterling Inc?

Main Street of Sterling Inc is dedicated to promoting the central business district. They achieve this by supporting local retailers, promoting tourism, preserving historically significant buildings, and fostering development within the district. Their mission is to enhance the central business district, thereby contributing to its overall growth and appeal.

Who is the CEO of Main Street Of Sterling Inc?

Sheila Martinez is the Executive Di of Main Street Of Sterling Inc.

What is the revenue of Main Street Of Sterling Inc?

Main Street Of Sterling Inc's revenue in 2022 was $417,760.

Who are the executives of Main Street Of Sterling Inc and what are their salaries?

The average compensation at Main Street Of Sterling Inc during 2022 was $52,421. There are 2 employees at Main Street Of Sterling Inc.


Here are 12 key members and their salaries:


Janna Groharing (Executive Di)
  • Compensation: $73,346
  • Related: $0
  • Other: $0
Joe Bright (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon Byar (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robin Duncan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jodie Gaffey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anna Garcia (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Grummert (Past Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicolas Lareau (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Lindstrom (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sheila Martinez (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Shuman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Sprague (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Main Street Of Sterling Inc?

Main Street Of Sterling Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Main Street Of Sterling Inc

Main Street Of Sterling Inc, a nonprofit organization, is dedicated to promoting the central business district of its unspecified location. Its mission is threefold: firstly, it supports the retailers in the district to boost their business. Secondly, it promotes tourism to attract visitors and stimulate economic growth. Lastly, it works towards preserving historically significant buildings in the district, contributing to its cultural and heritage value. Furthermore, Main Street Of Sterling Inc is involved in the development of the central business district, ensuring it remains a vibrant and thriving hub. In essence, its goal is to enhance the overall appeal and prosperity of the central business district, benefiting both the local businesses and the community as a whole.

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Impact




October, 2024

Main Street Of Sterling Inc plays a vital role in enhancing the local economy and community spirit in Sterling, IL. By focusing on the promotion of the central business district, the organization supports local retailers and encourages tourism, which in turn boosts sales and job creation within the area.

Their efforts in preserving historically significant buildings not only maintain the town's charm but also attract visitors and residents alike, fostering a sense of pride and identity within the community. Additionally, through various development initiatives, Main Street Of Sterling Inc helps create a vibrant, welcoming environment that enhances the overall quality of life. This commitment to community improvement strengthens local ties and promotes a flourishing economy, ensuring that Sterling remains a dynamic place to live and work.




This information is meant to be a general summary of Main Street Of Sterling Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$417,760 (2022)
Expenses
$241,455 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $657
  • Program Service Revenue: $1,739
  • Gross Receipts: $451,629

Assets and Liabilities:

  • Total Assets: $407,926
  • Total Liabilities: $5,746
  • Net Assets: $402,180

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM SERVICE REVENUE

Revenue

$1,739

Organization Details

Principal Officer

Sheila Martinez

Main Address

15 EAST 3RD ST, STERLING, IL, 61081

NTEE Category

Code: S20 - Community improvement

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