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Laurel Main Street Inc

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

EIN: 208570449 ✦ Laurel, MS ✦ Designated as a 501(c)(3)

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Overview

What is Laurel Main Street Inc?

Laurel Main Street Inc is a distinguished nonprofit organization situated in Laurel, Mississippi. Recognized as the 2018 Outstanding Community Transformation Mid-Sized Town by the Smithsonian Magazine, this organization has successfully revitalized Historic Downtown Laurel through collaboration with community members, public, and private contributors, as part of the Mississippi Main Street Association. With a modest workforce of three individuals, Laurel Main Street Inc continues to drive the preservation and revitalization of their downtown area, contributing to its overall transformation and making it an appealing destination for visitors.


Official website here: www.laurelmainstreet.com

Is Laurel Main Street Inc legitimate?

Laurel Main Street Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Laurel Main Street 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $49,311

For more financial information, click here


Official website here: www.laurelmainstreet.com

What is the mission statement of Laurel Main Street Inc?

Laurel Main Street Inc's mission is centered around revitalizing the historic downtown area. They accomplish this by collaborating with members, the public, and both private and public contributors, all in alignment with the Mississippi Main Street Association's objectives. This organization was recognized with the 2018 Outstanding Community Transformation Mid-Sized Town award, which honors successful, preservation-based downtown revitalization projects. Furthermore, Laurel Main Street Inc was highlighted by Smithsonian Magazine as one of the top 20 small towns to visit in 2018.


Official website here: www.laurelmainstreet.com

Who is the CEO of Laurel Main Street Inc?

Truitt Taylor is the President of Laurel Main Street Inc.


Official website here: www.laurelmainstreet.com

What is the revenue of Laurel Main Street Inc?

Laurel Main Street Inc's revenue in 2022 was $331,233.


Official website here: www.laurelmainstreet.com

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

The average compensation at Laurel Main Street Inc during 2022 was $16,437. There are 3 employees at Laurel Main Street Inc.


Here are 4 key members and their salaries:


Lee Bounds (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Truitt Taylor (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mallorie Rasberry (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Gavin (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.laurelmainstreet.com

Where can I find the form 990 for Laurel Main Street Inc?

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


Official website here: www.laurelmainstreet.com

Learn more at the official website: www.laurelmainstreet.com

Mission Statement of Laurel Main Street Inc

Laurel Main Street Inc, a recognized entity within the Mississippi Main Street Association, is dedicated to revitalizing the historic downtown area of Laurel. This nonprofit organization partners with various members, public entities, and private contributors to achieve this mission. Their aim is to transform the downtown area into a vibrant and revitalized space, preserving its historical charm while fostering economic growth and community development. The success of Laurel Main Street Inc was recognized in 2018 with the Outstanding Community Transformation Mid-Sized Town award by Smithsonian Magazine, which highlighted its significant contribution to the overall revival of the downtown area. The organization's efforts have placed Laurel among the top 20 small towns to visit, as per Smithsonian Magazine's recommendation.

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Impact




October, 2024

Laurel Main Street Inc plays a crucial role in revitalizing the historic downtown area of Laurel, Mississippi, fostering economic development and enhancing community pride. Through collaboration with members, and both public and private contributors, the organization has successfully led efforts that transform and preserve the character of the town.

The impact of this initiative is evidenced by the recognition it has received, such as being awarded the Outstanding Community Transformation award in 2018, which highlights its effective, preservation-based approach to downtown revival. This accolade not only reflects the tangible improvements made in the community but also positions Laurel as a desirable destination, as recognized by Smithsonian Magazine, which named it one of the top 20 small towns to visit in 2018.

Laurel Main Street Inc’s commitment to collaboration and community involvement has resulted in a vibrant downtown that attracts visitors and stimulates local businesses. This revitalization fosters a sense of belonging and pride among residents, while also paving the way for sustainable economic growth in the area. Ultimately, the organization's efforts contribute significantly to Laurel's identity and appeal, encouraging both tourism and local engagement in the historic heart of the city.




This information is meant to be a general summary of Laurel Main Street 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
$331,233 (2022)
Expenses
$327,394 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $248
  • Program Service Revenue: $236,962
  • Gross Receipts: $331,233

Assets and Liabilities:

  • Total Assets: $97,411
  • Total Liabilities: $30
  • Net Assets: $97,381

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Programs

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

REVITALIZE DOWNT LAUREL

Revenue

$236,962

Organization Details

Founding Year

2007

Principal Officer

Truitt Taylor

Main Address

PO BOX 1256, LAUREL, MS, 39441

NTEE Category

Code: S20 - Community improvement

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