The Main Street Crossing

“The main street crossing is the sole shareholder of main street music, inc. (ein: 81-3252309. Richard davis's spouse, teresa davis, is an employee of the wholly owned for-profit subsidiary, main street music, inc. And received compesnation of $65,000 for 2020.”

“Changes to organizational documents - end of 60 month termination period the main street crossing is a texas nonprofit corporation organized and operated as a tax-exempt charitable and religious organization. Since its incorporation in 2002 and through the present, main street crossing is operated and overseen by a board of directors. Main street crossing provides evangelical outreach through charitable giving to other qualifying nonprofit organizations as well as benevolence assistance to indigent individuals. Main street crossing also supports charitable and religious activities by co-locating multiple small community churches with little or no cost to these churches. In august 2021, main street crossing arranged to provide in-kind support to a faith-based ministry that provides spiritual and mentoring opportunities to the homeless and individuals affected by substance abuse. Main street crossing expects to engage in similar activities in the future. In 2016 main street crossing placed its music venue activities into a separate texas corporation, main street music, inc. Main street crossing is the sole shareholder of main street music and such ownership is replected on main street crossing's information returns filed with the irs during the 60-month termination period. While closely affiliated, due to main street crossing's ownership interest, main street music, inc. Exists and operates separately. In accordance with a written commercial lease agreement between main street crossing and main street music, inc., main street music, inc. Leases a building owned by main street crossing and pays rent and other expenses to main street crossing, using an annual irs form 990-t as applicable, main street crossing reports rental income received from main street music, inc. After applicable deduction of business expenses and appropriate reserves allocation, main street music, inc. Sends certain net operating income to main street crossing which is then dedicated exclusively to advance main street crossing's exempt charitable and religious purposes.”

“A copy of form 990 is made avaivable to the governing body in the office before it is filed.”

“Longnecker and associates, a national compensation consulting firm, did a compensation study for us to ensure that proposed compensation levels for president and general manager manager were appropriate. Additionally, these compensation proposals were brought before the board of directors of main street crossing, discussed and voted on. These activities were documented in the minutes of our board meeting.”

“Governing documents, conflict of interest policy and financial statements are available to the public upon request.”

“Main street crossing arranged to provide in-kind support to a faith-based ministry that provides spiritual and mentoring opportunities to the homeless and individuals affected by substance abuse. See line 4b.”