BETA

SALEM MAIN STREET INITIATIVE- DOWNTOWN PROGRAM: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
SALEM MAIN STREET INITIATIVE- DOWNTOWN PROGRAM (EIN 04-3568130)
Tax period
2024-07-01 to 2025-06-30
Filed
2025-11-17
IRS object ID
202523219349320547
Schema version
2024v5.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-11-17T16:19:12-06:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN472265971PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GORTON & COMPANY PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1222 ROSEWOOD DRIVE SUITE 1100AddressLine1Txt
CityDANVERSCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01923ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN043568130EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SALEM MAIN STREET INITIATIVEBusinessNameLine1Txt
Business Name Line2DOWNTOWN PROGRAMBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlSALEBusinessNameControlTxt
Phone9787440004PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line19A DERBY SQUAREAddressLine1Txt
CitySALEMCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01970ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonERIC SMALLPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone9787440004PhoneNum
Signature2025-11-17SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROBERT F GORTONPreparerPersonNm
PTINP00632169PTIN
Phone9787744000PhoneNum
Preparation2025-11-17PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerERIC SMALLPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line19A DERBY SQUAREAddressLine1Txt
CitySALEMCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01970ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$238,895GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.SALEMMAINSTREETS.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2013FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionTHE CONTINUED REVITALIZATION OF DOWNTOWN SALEM AS A VIBRANT, YEAR-ROUND, RETAIL, DINING AND CULTURAL DESTINATION THROUGH BUSINESS RETENTION, RECRUITMENT, AND THE PROMOTION OF DOWNTOWN DISTRICT.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee2TotalEmployeeCnt
Total Volunteers300TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$77,095PYContributionsGrantsAmt
CY Contributions Grants$99,767CYContributionsGrantsAmt
PY Program Service Revenue$122,726PYProgramServiceRevenueAmt
CY Program Service Revenue$139,128CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$20,769PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$220,590PYTotalRevenueAmt
CY Total Revenue$238,895CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$105,971PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$113,211CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$109,589PYOtherExpensesAmt
CY Other Expenses$121,236CYOtherExpensesAmt
PY Total Expenses$215,560PYTotalExpensesAmt
CY Total Expenses$234,447CYTotalExpensesAmt
PY Revenues Less Expenses$5,030PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$4,448CYRevenuesLessExpensesAmt
Total Assets BOY$41,778TotalAssetsBOYAmt
Total Assets EOY$50,232TotalAssetsEOYAmt
Total Liabilities BOY$4,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$3,508TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$37,778NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$46,724NetAssetsOrFundBalancesEOYAmt
MissionTHE CONTINUED REVITALIZATION OF DOWNTOWN SALEM AS A VIBRANT, YEAR-ROUND, RETAIL, DINING AND CULTURAL DESTINATION THROUGH BUSINESS RETENTION, RECRUITMENT, AND THE PROMOTION OF DOWNTOWN DISTRICT.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$106,504ExpenseAmt
Grant$0GrantAmt
Revenue$139,128RevenueAmt
DescTHE CONTINUED REVITALIZATION OF DOWNTOWN SALEM AS A VIBRANT, YEAR-ROUND, RETAIL, DINING AND CULTURAL DESTINATION THROUGH BUSINESS RETENTION, RECRUITMENT, AND THE PROMOTION OF DOWNTOWN DISTRICT WHICH IS DONE THROUGHOUT THE YEAR BY VARIOUS THEMED EVENTS.Desc
Total Program Service Expenses$106,504TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee2EmployeeCnt
Employment Tax Returns Filed0EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9787400004PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line19A DERBY SQUAREAddressLine1Txt
CitySALEMCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01970ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
MATTHEW CARUSO
DIRECTOR1.00Yes (X)$0$0$0
LAUREN MAKOFSKY
DIRECTOR1.00Yes (X)$0$0$0
CAROL MCLAUGHLIN
DIRECTOR1.00Yes (X)$0$0$0
LINDA MULLEN
DIRECTOR1.00Yes (X)$0$0$0
BILL PETERSON
DIRECTOR1.00Yes (X)$0$0$0
MIRA RIGGIN
TREASURER3.00Yes (X)$0$0$0Yes (X)
ERIC SMALL
PRESIDENT3.00Yes (X)$0$0$0Yes (X)
JENNI STUART
VICE PRESIDENT3.00Yes (X)$0$0$0Yes (X)
DIANE WOLF
SECRETARY1.00Yes (X)$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$80,950GovernmentGrantsAmt
All Other Contributions$18,817AllOtherContributionsAmt
Total Contributions$99,767TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
SALEM ARTS FESTIVAL713990$53,691$53,691
FARMERS MARKET713990$18,428$18,428
FASHION SHOW713990$16,771$16,771
HOWLOWEEN PET PARADE713990$14,905$14,905
SALEM SO SWEET713990$14,615$14,615

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$20,718TotalRevenueColumnAmt
Related Or Exempt Func Income$20,718RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$139,128TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$238,895TotalRevenueColumnAmt
Related Or Exempt Func Income$139,128RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$105,150TotalAmt
Management And General$105,150ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$8,061TotalAmt
Management And General$8,061ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$5,325TotalAmt
Management And General$5,325ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$3,117TotalAmt
Management And General$3,117ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$493TotalAmt
Program Services$493ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$408TotalAmt
Management And General$408ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$5,168TotalAmt
Program Services$5,168ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$11,700TotalAmt
Program Services$11,700ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$1,642TotalAmt
Program Services$1,642ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$3,283TotalAmt
Program Services$3,283ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$3,930TotalAmt
Management And General$3,930ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
ARTS FESTIVAL$36,412$36,412
FARMERS MARKET$10,136$10,136
HOLIDAY CAMPAIGN$8,675$8,675
FASHION SHOW$7,964$7,964

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$22,983TotalAmt
Program Services$21,031ProgramServicesAmt
Management And General$1,952ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$234,447TotalAmt
Program Services$106,504ProgramServicesAmt
Management And General$127,943ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$34,478BOYAmt
EOY$42,302EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$17,022LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$11,192LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$7,300BOYAmt
EOY$5,830EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$2,100EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$41,778BOYAmt
EOY$50,232EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,000BOYAmt
EOY$3,508EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,000BOYAmt
EOY$3,508EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$2,310BOYAmt
EOY$2,310EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$35,468BOYAmt
EOY$44,414EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$37,778BOYAmt
EOY$46,724EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$41,778BOYAmt
EOY$50,232EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$4,448ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$4,498OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$75,229CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$135,860CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$112,422CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$77,095CurrentTaxYearMinus1YearAmt
Current Tax Year$99,767CurrentTaxYearAmt
Total$500,373TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$75,229CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$135,860CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$112,422CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$77,095CurrentTaxYearMinus1YearAmt
Current Tax Year$99,767CurrentTaxYearAmt
Total$500,373TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$500,373PublicSupportTotal170Amt
Total Support$500,373TotalSupportAmt
Gross Receipts Rltd Activities$644,515GrossReceiptsRltdActivitiesAmt
Public Support CY1701.00000PublicSupportCY170Pct
Public Support PY1701.00000PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$17,022OtherCostOrOtherBasisAmt
Depreciation$11,192DepreciationAmt
Book Value$5,830BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$5,830TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescACCRUED EXPENSESDesc
Amt$3,508Amt
FieldValueIRS element (for citing)
Total Liability$3,508TotalLiabilityAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 WILL BE REVIEWED BY THE TREASURER AND EXECUTIVE DIRECTOR AND A REPORT ISSUED TO THE BOARD OF DIRECTORS PRIOR TO FILING THE TAX RETURN.
FORM 990, PART VI, SECTION B, LINE 12CFROM TIME TO TIME IT MAY OCCUR, IN THE COURSE OF CARRYING OUT BOARD RESPONSIBILITIES, THAT A PARTICULAR MEMBER MAY BE PERCEIVED TO BENEFIT FROM AN ACTION OR DECISION OF THE BOARD. A SITUATION OF THIS KIND PRESENTS A POTENTIAL CONFLICT BETWEEN THE BOARD MEMBERS'OWN FINANCIAL OR PERSONAL INTERESTS AND HIS/HER DUTY AS A BOARD MEMBER OF ABSOLUTE LOYALTY TO SALEM MAIN STREETS INITIATIVE DOWNTOWN PROGRAM, INC. THIS POTENTIAL CONFLICT MAY ALSO LOOK QUESTIONABLE TO THE PUBLIC. BECAUSE OF THESE PROBLEMS(INVESTMENTS STRATEGIES, REPAIR AND MAINTENANCE CONTRACTS, ETC.) A BOARD MEMBER SHALL BE CAUTIOUS ABOUT ENTERING INTO A BUSINESS RELATIONSHIP WITH THE SALEM MAIN STREETS INITIATIVE DOWNTOWN PROGRAM, INC. THE BOARD ITSELF SHALL BE NO LESS CAUTIOUS ABOUT ALLOWING SALEM MAIN STREETS INITIATIVE DOWNTOWN PROGRAM, INC. TO ENTER INTO SUCH A RELATIONSHIP. SUCH A TRANSACTION SHALL NOT OCCUR UNLESS THE BOARD DETERMINES BEFOREHAND THAT IT IS CLEARLY IN THE BEST INTERESTS OF SALEM MAIN STREETS INITIATIVE DOWNTOWN PROGRAM, INC. PRIOR TO BOARD VOTES, BOARD MEMBERS SHALL FULLY DISCLOSE ANY FINANCIAL OR PERSONAL INTEREST TO THE ENTIRE BOARD. FURTHER, BOARD MEMBERS SHALL NOT VOTE ON ANY ASPECT OF THE ARRANGEMENT OR BE PRESENT WHEN MATTERS ARE BEING DISCUSSED AND VOTED UPON WHICH BOARD MEMBERS HAVE PERSONAL OR FINANCIAL INTEREST.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION HAS AVAILABLE AT ITS OFFICE THE ARTICLES OF ORGANIZATION, BOARD OF DIRECTORS MINUTES AND TAX RETURNS AVAILABLE TO THE PUBLIC.
FORM 990, PART XI, LINE 9:PRIOR YEAR ADJUSTMENTS 4,498.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.