Liabilities / Assets
92nd percentile
Higher debt load relative to assets than 92% of similar nonprofits.
Salem Main Street Initiative- Downtown Program
990 • Fiscal year 2016 • EIN 04-3568130
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.73x
Liabilities / Revenue
78th percentile
Higher debt load relative to revenue than 78% of similar nonprofits.
Net Margin
58th percentile
Higher net margin than 58% of similar nonprofits.
Top Officer Pay
75th percentile
Higher top officer pay than 75% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
Down$9,697
Down $5,591 (-37%) from 2010
Net Assets
Down$2,587
Down $2,209 (-46%) from 2010
Liabilities
Down$7,110
Down $3,382 (-32%) from 2010
Revenue And Expenses
Revenue
$112,784
No earlier filing loaded for comparison.
Expenses
Up$105,299
Up $58,920 (+127%) from 2010
Net Income
$7,485
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2015 to Jun 30, 2016
- Signed
- Aug 25, 2016
- Return Version
- 2015v2.1
- Gross Receipts
- $112,784
Mission and Program Overview
Mission
The continued revitalization of downtown salem as a vibrant, year-round, retail, dining and cultural destination through business retention, recruitment, and the promotion of the downtown district.
The 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.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $865 | $8,947 | ▲ $8,082 |
| Cap Stk Tr Prin Current Funds | $2,310 | $2,310 | → $0 |
| Land, Buildings, and Equipment, Net | $750 | $750 | → $0 |
| Rtn Earn Endowment Incm Other Fnds | $-7,208 | $277 | ▲ $7,485 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Total Assets | $1,615 | $9,697 | ▲ $8,082 |
| Liabilities | |||
| Other Liabilities | $6,513 | $7,110 | ▲ $597 |
| Total Liabilities | $6,513 | $7,110 | ▲ $597 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $-4,898 | $2,587 | ▲ $7,485 |
| Total Liabilities and Net Assets / Fund Balance | $1,615 | $9,697 | ▲ $8,082 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $750 | - | - |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Jason Consalvo | President |
| Mark Leavitt | Vice President |
| Claudia Chuber | Director |
| Mike Kapnis | Director |
| Mike Wheeler | Director |
| Paul Van Ness | Director |
| Rob Liani | Director |
| Tina Jordan | Director |
| Sandy Heaphy | Clerk |
| Patrick Deiulis | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $58,300
- Program Service Revenue
- $54,484
- Investment Income
- $0
- Other Revenue
- $0
- All Other Contributions
- $23,300
- Change in Net Assets
- $7,485
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $53,793 |
| Salaries, Compensation, and Employee Benefits | $51,506 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | - | $47,500 | - | $47,500 |
| Insurance | - | $7,695 | - | $7,695 |
| Payroll Taxes | - | $4,006 | - | $4,006 |
| Other Expenses | $3,413 | - | - | $3,413 |
| Office Expenses | - | $2,675 | - | $2,675 |
| Travel | - | $1,715 | - | $1,715 |
| Advertising | - | $1,549 | - | $1,549 |
| Total Functional Expenses | $40,159 | $65,140 | $0 | $105,299 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Due to Salem Chamber of Commerce | $7,110 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Backup withholding compliance
- Yes
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- No
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, line 6
“Salem Chamber of Commerce & Civic, Inc. shall be the sole member who's purpose is to further and support the purposes of the Organization and to elect the Board of Directors.”
Form 990, Part VI, Section A, line 7A
“Salem Chamber of Commerce & Civic, Inc. shall be the sole member who's purpose is to further and support the purposes of the Organization and to elect the Board of Directors.”
Form 990, Part VI, Section B, line 11
“The 990 will be reviewed by the treasurer and executive director and a report issued to the board of directors prior to filing the return”
Form 990, Part VI, Section B, line 12C
“From 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 Iniative - 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 Iniative - Downtown Program, Inc. The Board itself shall be no less cautious about allowing Salem Main Streets Iniative - 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 Iniative - 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 19
“The organization has available at its office the articles of organization, board of director minutes and tax returns available to the public.”
Filing and Contact Details
Filer
- Filer Name
- Salem Main Street Initiative
- EIN
- 04-3568130
- Phone
- 9787440004
- Address
- 265 Essex Street, SALEM, MA 01970
Signing Officer
- Name
- Rinus Oosthoek
- Title
- Executive Director
- Phone
- 9787440004
- Signed
- 2016-08-25
- Discuss with paid preparer
- No
Organization Details
- Principal Officer
- Rinus Oosthoek
- Formed
- 2002
- Legal Domicile
- Ma
- Voting Board Members
- 9
- Independent Board Members
- 9
- Employees
- 0
- Volunteers
- 9
Preparer
- Firm
- Ryan & Coscia Pc
- Address
- 256 ESSEX STREET, SALEM, MA 01970
- Phone
- 9787441760
Raw XML Appendix390 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | THE 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. |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 1549 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 1549 |
| IRS990/AllOtherContributionsAmt | 0 | 23300 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | RINUS OOSTHOEK |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 9787400004 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 265 Essex Street |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | SALEM |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 01970 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt | 0 | 2310 |
| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | 2310 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 865 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 8947 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 58300 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 53793 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 54484 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 7485 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 51506 |
| IRS990/CYTotalExpensesAmt | 0 | 105299 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 112784 |
| IRS990/DAFExcessBusinessHoldingsInd | 0 | 0 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | All programs are designed to benefit the quality of life for residents, quality of business environment, and/or quality of visitor experience in the downtown Salem district. Salem Main Streets is overseen by a Steering Committee of community stakeholders, and is supported by seperate volunteer committees overseeing Design, Econommic Development, Organization and Promotion, and Fundraising, as well as event-specific committees for the Salem Farmers' Market and Salem Arts Festival. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DistributionToDonorInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 40159 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form1098CFiledInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form8899Filedind | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 14.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 7.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 7.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 7.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 7.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 7.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 7.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 7.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 7.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 7.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Jason Consalvo |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Mark Leavitt |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Patrick Deiulis |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Sandy Heaphy |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Tina Jordan |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Rob Liani |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | Mike Kapnis |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | Paul Van Ness |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | Mike Wheeler |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | Claudia Chuber |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Vice President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Clerk |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | Director |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2002 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 9 |
| IRS990/GovernmentGrantsAmt | 0 | 35000 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 112784 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 9 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 7695 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 7695 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 0 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 750 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 750 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 750 |
| IRS990/LegalDomicileStateCd | 0 | MA |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 1 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | THE CONTINUED REVITALIZATION OF DOWNTOWN SALEM AS A VIBRANT, YEAR-ROUND, RETAIL, DINING AND CULTURAL DESTINATION THROUGH BUSINESS RETENTION, RECRUITMENT, AND THE PROMOTION OF THE DOWNTOWN DISTRICT. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | -4898 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 2587 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 2675 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 2675 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrgDoesNotFollowSFAS117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | ARTS FESTIVAL |
| IRS990/OtherExpensesGrp/Desc | 1 | PROGRAMS - OTHER |
| IRS990/OtherExpensesGrp/Desc | 2 | FARMERS MARKET |
| IRS990/OtherExpensesGrp/Desc | 3 | SALEM SO SWEET |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 17085 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 9833 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 9828 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 3413 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 17085 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 9833 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 9828 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 3413 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 6513 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 7110 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 47500 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 47500 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 4006 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 4006 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | Rinus Oosthoek |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 713990 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 713990 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 713990 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 3 | 713990 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | FARMERS MARKET |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | ARTS FESTIVAL |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | SALEM SO SWEET |
| IRS990/ProgramServiceRevenueGrp/Desc | 3 | OTHER PROGRAMS |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 19029 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 15242 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 12650 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 3 | 7563 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 19029 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 15242 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 12650 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 7563 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 48193 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 13287 |
| IRS990/PYOtherRevenueAmt | 0 | 1612 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -15009 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 51527 |
| IRS990/PYTotalExpensesAmt | 0 | 64814 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 49805 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 7485 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 54484 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | -7208 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 277 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 58300 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 48193 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 53961 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 33490 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 32864 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 226808 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 41304 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 226808 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 58300 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 48193 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 53961 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 33490 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 32864 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 226808 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 226808 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 750 |
| IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt | 0 | 750 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 7110 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DUE TO SALEM CHAMBER OF COMMERCE |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 750 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 7110 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Salem Chamber of Commerce & Civic, Inc. shall be the sole member who's purpose is to further and support the purposes of the Organization and to elect the Board of Directors. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Salem Chamber of Commerce & Civic, Inc. shall be the sole member who's purpose is to further and support the purposes of the Organization and to elect the Board of Directors. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE 990 WILL BE REVIEWED BY THE TREASURER AND EXECUTIVE DIRECTOR AND A REPORT ISSUED TO THE BOARD OF DIRECTORS PRIOR TO FILING THE RETURN |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | From 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 Iniative - 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 Iniative - Downtown Program, Inc. The Board itself shall be no less cautious about allowing Salem Main Streets Iniative - 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 Iniative - 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE ORGANIZATION HAS AVAILABLE AT ITS OFFICE THE ARTICLES OF ORGANIZATION, BOARD OF DIRECTOR MINUTES AND TAX RETURNS AVAILABLE TO THE PUBLIC. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Section A, line 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section A, line 7a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section B, line 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section B, line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Section C, line 19 |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | MA |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/TaxableDistributionsInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 1615 |
| IRS990/TotalAssetsEOYAmt | 0 | 9697 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 1615 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 9697 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 58300 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 65140 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 40159 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 105299 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 6513 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 7110 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 6513 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 7110 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | -4898 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 2587 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 40159 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 54484 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 54484 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 112784 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 9 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 1615 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 9697 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TravelGrp/ManagementAndGeneralAmt | 0 | 1715 |
| IRS990/TravelGrp/TotalAmt | 0 | 1715 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 265 Essex Street |
| IRS990/USAddress/CityNm | 0 | Salem |
| IRS990/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990/USAddress/ZIPCd | 0 | 01970 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 9 |
| IRS990/VotingMembersIndependentCnt | 0 | 9 |
| IRS990/WebsiteAddressTxt | 0 | www.salemmainstreets.org |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2016-12-15 16:53:06Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 0 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Rinus Oosthoek |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Executive Director |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9787440004 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2016-08-25 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | SALEM MAIN STREET INITIATIVE |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | DOWNTOWN PROGRAM |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | SALE |
| ReturnHeader/Filer/EIN | 0 | 043568130 |
| ReturnHeader/Filer/PhoneNum | 0 | 9787440004 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 265 Essex Street |
| ReturnHeader/Filer/USAddress/CityNm | 0 | SALEM |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 01970 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 042894876 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | RYAN & COSCIA PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 256 ESSEX STREET |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | SALEM |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 01970 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9787441760 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2016-08-25 |
| ReturnHeader/ReturnTs | 0 | 2016-09-06T09:48:56-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2015-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2016-06-30 |
| ReturnHeader/TaxYr | 0 | 2015 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2016 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $9,697
- Liabilities
- $7,110
- Net assets
- $2,587
- Revenue
- $112,784
- Expenses
- $105,299
- Net income
- $7,485