Civic Intelligence

Main Street Square Incorporated

990 • Fiscal year 2012 • EIN 27-3983146

Jan 01, 2012 to Dec 31, 2012 • Filed on Sep 10, 2013

Organization ProfileWWW.MAINSTREETSQUARERC.COM
512 Main Street Ste 10057701
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

88th percentile

0.87x

Higher debt load relative to assets than 88% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets88th percentile

Assets

$714,530

No earlier filing loaded for comparison.

Net Assets

$94,638

No earlier filing loaded for comparison.

Liabilities

$619,892

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$1,547,069

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2012: $714,530Liabilities 2012: $619,892Net Assets 2012: $94,6382012Assets 2013: $659,074Liabilities 2013: $617,359Net Assets 2013: $41,7152013Assets 2014: $1,207,780Liabilities 2014: $1,198,958Net Assets 2014: $8,8222014Assets 2015: $448,178Liabilities 2015: $357,502Net Assets 2015: $90,6762015Assets 2016: $1,457,613Liabilities 2016: $143,525Net Assets 2016: $1,314,0882016Assets 2017: $1,239,982Liabilities 2017: $52,384Net Assets 2017: $1,187,5982017Assets 2018: $1,522,005Liabilities 2018: $47,216Net Assets 2018: $1,474,7892018Assets 2019: $1,326,138Liabilities 2019: $61,573Net Assets 2019: $1,264,5652019Assets 2020: $1,459,405Liabilities 2020: $35,008Net Assets 2020: $1,424,3972020Assets 2021: $1,564,054Liabilities 2021: $34,663Net Assets 2021: $1,529,3912021Assets 2022: $1,669,966Liabilities 2022: $128,265Net Assets 2022: $1,541,7012022Assets 2023: $1,642,732Liabilities 2023: $103,761Net Assets 2023: $1,538,9712023Assets 2024: $1,674,835Liabilities 2024: $170,030Net Assets 2024: $1,504,8052024

Highlighted filing

2012

Assets$714,530
Liabilities$619,892
Net Assets$94,638
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $1,547,0692012Revenue 2013: $1,049,374Expenses 2013: $1,102,298Net Income 2013: -$52,9242013Revenue 2014: $1,642,913Expenses 2014: $1,675,806Net Income 2014: -$32,8932014Revenue 2015: $1,209,922Expenses 2015: $1,128,068Net Income 2015: $81,8542015Revenue 2016: $1,665,659Expenses 2016: $2,160,829Net Income 2016: -$495,1702016Revenue 2017: $1,966,423Expenses 2017: $2,092,913Net Income 2017: -$126,4902017Revenue 2018: $1,741,244Expenses 2018: $1,454,052Net Income 2018: $287,1922018Revenue 2019: $1,348,174Expenses 2019: $1,558,398Net Income 2019: -$210,2242019Revenue 2020: $1,223,798Expenses 2020: $1,063,966Net Income 2020: $159,8322020Revenue 2021: $1,364,415Expenses 2021: $1,260,515Net Income 2021: $103,9002021Revenue 2022: $1,099,464Expenses 2022: $1,065,591Net Income 2022: $33,8732022Revenue 2023: $1,186,863Expenses 2023: $1,203,589Net Income 2023: -$16,7262023Revenue 2024: $1,219,065Expenses 2024: $1,268,663Net Income 2024: -$49,5982024

Highlighted filing

2012

Revenue-
Expenses$1,547,069
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Sep 10, 2013
Return Version
2012v2.1
Gross Receipts
$1,597,664
Mission and Program Overview

Mission

The organization operates a town square (which is owned by the city of rapid city) in the heart of downtown rapid city in order to provide an active gathering place for the entire community, to invite more pedestrian traffic downtown, and to strengthen the center of the community. This includes supporting, encouraging, advocating, and preserving the vitality and aesthetic beauty of the downtown rapid city business community.

Filing and Contact Details

Filer

EIN
27-3983146
Raw XML Appendix393 raw XML fields

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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0AT DECEMBER 31, 2012 AND 2011, THE ORGANIZATIONS BELIEVE NO MATERIAL UNCERTAIN TAX POSITIONS OR LIABILITIES, OR INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS EXIST. IN ACCORDANCE WITH THE APPLICABLE STATUTE OF LIMITATIONS, TAX RETURNS COULD BE AUDITED BY THE INTERNAL REVENUE SERVICE FOR THE PERIODS ENDED JUNE 30, 2009 AND DECEMBER 31, 2009 TO 2012 FOR THE CORPORATION AND THE YEAR ENDED DECEMBER 31, 2012 FOR THE SQUARE.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation1GAIN ON SALE SHOWN AS EXP ON AUDIT 974
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IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0THE MAIN STREET SQUARE EXECUTIVE DIRECTOR ATTENDS ALL BOARD MEETINGS OF DOWNTOWN RAPID CITY ECONOMIC DEVELOPMENT CORPORATION IN ORDER TO ENSURE THAT THE FUNDS ARE USED TO SUPPORT THE ARTS THROUGH THEIR SCULTURE PROJECT. IN ADDITION, THE PROJECT IS TAKING PLACE AT MAIN STREET SQUARE, SO PROGRESS IS CONTINUALLY MONITORED.
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IRS990ScheduleO/GeneralExplanation/Explanation0THE ORGANIZATION OPERATES A TOWN SQUARE IN THE HEART OF DOWNTOWN RAPID CITY IN ORDER TO PROVIDE AN ACTIVE GATHERING PLACE FOR THE ENTIRE COMMUNITY, TO INVITE MORE PEDESTRIAN TRAFFIC DOWNTOWN, AND TO STRENGTHEN THE CENTER OF THE COMMUNITY. THE SQUARE IS OWNED BY THE CITY OF RAPID CITY.
IRS990ScheduleO/GeneralExplanation/Explanation1DOWNTOWN RAPID CITY ECONOMIC DEVELOPEMENT CORPORATION, A 501C6 ORGANIZATION, MANAGES THE OPERATIONS OF MAIN STREET SQUARE THROUGH A CONTRACT WITH THE CITY OF RAPID CITY.
IRS990ScheduleO/GeneralExplanation/Explanation2THE FORM 990 IS PREPARED BY A LICENSED CPA AND REVIEWED IN DETAIL BY THE EXECUTIVE DIRECTOR AND ACCOUNTANT. THE BOARD OF DIRECTORS APPROVES THE FORM 990 PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/GeneralExplanation/Explanation3OFFICERS, DIRECTORS AND BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST AS THEY OCCUR. THE BOARD REQUIRES INDIVIDUALS TO ABSTAIN FROM DISCUSSING AND VOTING ON ANY CONFLICTED MATTERS.
IRS990ScheduleO/GeneralExplanation/Explanation4THE ORGANIZATION PERFORMS A COMPARATIVE ANALYSIS WITH OTHER CITIES AND THEIR DOWNTOWN MANAGER, AS WELL AS REVIEWING SALARIES FROM THE INTERNATIONAL DOWNTOWN ASSOCIATION. THIS PROCESS IS PERFORMED FOR INDIVIDUALS IN ALL POSITIONS. COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS AND APPROPRIATELY DOCUMENTED FOR THE CEO.
IRS990ScheduleO/GeneralExplanation/Explanation5SEE DISCUSSION OF PROCESS USED AT 15A.
IRS990ScheduleO/GeneralExplanation/Explanation6GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND THE CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation7IN ADDITION TO THE VOTING BOARD MEMBERS LISTED HERE, MAIN STREET SQUARE'S OPERATIONS ARE MANAGED BY DOWNTOWN RAPID CITY ECONOMIC DEVELOPMENT CORPORATION, A 501C6 ORGANIZATION. ALL FINANCIAL AND OPERATING DECISIONS ARE REVIEWED BY THAT BOARD OF DIRECTORS, WHO OVERSEES THE SQUARE OPERATIONS BASED ON A MANAGEMENT AGREEMENT WITH THE CITY OF RAPID CITY. THIS EXPERTISE IS ESSENTIAL TO OPERATIONS AND PROVIDES ADEQUATE INDEPENDENT OVERSIGHT.
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IRS990ScheduleO/GeneralExplanation/Explanation9NET ASSETS REPORTED ON SEPARATE 48,492 FORM 990 IN 2011 0
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IRS990ScheduleO/GeneralExplanation/Identifier3ENFORCEMENT OF CONFLICTS POLICY
IRS990ScheduleO/GeneralExplanation/Identifier4COMPENSATION PROCESS FOR TOP OFFICIAL
IRS990ScheduleO/GeneralExplanation/Identifier5COMPENSATION PROCESS FOR OFFICERS
IRS990ScheduleO/GeneralExplanation/Identifier6GOVERNING DOCUMENTS DISCLOSURE EXPLANATION
IRS990ScheduleO/GeneralExplanation/Identifier7ADDITIONAL INFORMATION
IRS990ScheduleO/GeneralExplanation/Identifier8RECONCILIATION OF CHANGES - OTHER
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IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART VII
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IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10512 MAIN STREET STE 100
IRS990/TheBooksAreInCareOf/AddressUS/City0RAPID CITY
IRS990/TheBooksAreInCareOf/AddressUS/State0SD
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode057701
IRS990/TheBooksAreInCareOf/NamePerson0MEGAN KARBOWSKI
IRS990/TheBooksAreInCareOf/TelephoneNumber06057167979
IRS990/TotalAssets/BOY00
IRS990/TotalAssets/EOY0714530
IRS990/TotalAssetsEOY0714530
IRS990/TotalCompGT150K0false
IRS990/TotalContributions01123556
IRS990/TotalExpensesCurrentYear01547069
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral0106420
IRS990/TotalFunctionalExpenses/ProgramServices01440649
IRS990/TotalFunctionalExpenses/Total01547069
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY00
IRS990/TotalLiabilities/EOY0619892
IRS990/TotalLiabilitiesEOY0619892
IRS990/TotalLiabNetAssetsFundBalances/BOY00
IRS990/TotalLiabNetAssetsFundBalances/EOY0714530
IRS990/TotalNbrEmployees033
IRS990/TotalNbrVolunteers0200
IRS990/TotalNetAssetsFundBalances/BOY00
IRS990/TotalNetAssetsFundBalances/EOY094638
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProgramServiceExpense01440649
IRS990/TotalProgramServiceRevenue0466365
IRS990/TotalReportableCompFromOrg051923
IRS990/TotalRevenueCurrentYear01593214
IRS990/TotalRevenue/ExclusionAmount0974
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome0468684
IRS990/TotalRevenue/TotalRevenueColumn01593214
IRS990/TransfersToExemptNonChrtblOrg0false
IRS990/Travel/ManagementAndGeneral062
IRS990/Travel/ProgramServices01257
IRS990/Travel/Total01319
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome0false
IRS990/UnrestrictedNetAssets/EOY094638
IRS990/UponRequest0X
IRS990/WebSite0WWW.MAINSTREETSQUARERC.COM
IRS990/WhistleblowerPolicy0false
IRS990/YearFormation02010
ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0273983146
ReturnHeader/Filer/Name/BusinessNameLine10MAIN STREET SQUARE
ReturnHeader/Filer/NameControl0MAIN
ReturnHeader/Filer/Phone06057167979
ReturnHeader/Filer/USAddress/AddressLine10512 MAIN STREET STE 100
ReturnHeader/Filer/USAddress/City0RAPID CITY
ReturnHeader/Filer/USAddress/State0SD
ReturnHeader/Filer/USAddress/ZIPCode057701
ReturnHeader/Officer/AuthorizeThirdParty0true
ReturnHeader/Officer/DateSigned02013-09-10
ReturnHeader/Officer/Name0MEGAN KARBOWSKI
ReturnHeader/Officer/Phone06057167979
ReturnHeader/Officer/Title0EXECUTIVE DIRECTOR
ReturnHeader/Preparer/DatePrepared02013-09-10
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10KETEL THORSTENSON LLP
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10PO BOX 3140
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0RAPID CITY
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0SD
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode0577093140
ReturnHeader/Preparer/Name0JEAN SMITH CPA
ReturnHeader/Preparer/Phone06053425630
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02012-01-01
ReturnHeader/TaxPeriodEndDate02012-12-31
ReturnHeader/TaxYear02012
ReturnHeader/Timestamp02013-09-10T17:46:40-05:00

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$714,530
Liabilities
$619,892
Net assets
$94,638
Revenue
-
Expenses
$1,547,069
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.67$0.17$1.50$1.22$1.27$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.64$0.10$1.54$1.19$1.20$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.67$0.13$1.54$1.10$1.07$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.56$0.03$1.53$1.36$1.26$0.10
2020Detailed filing. Detailed filing data is available for this year.$1.46$0.04$1.42$1.22$1.06$0.16
2019Detailed filing. Detailed filing data is available for this year.$1.33$0.06$1.26$1.35$1.56$0.21
2018Detailed filing. Detailed filing data is available for this year.$1.52$0.05$1.47$1.74$1.45$0.29
2017Detailed filing. Detailed filing data is available for this year.$1.24$0.05$1.19$1.97$2.09$0.13
2016Detailed filing. Detailed filing data is available for this year.$1.46$0.14$1.31$1.67$2.16$0.50
2015Detailed filing. Detailed filing data is available for this year.$0.45$0.36$0.09$1.21$1.13$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.21$1.20$0.01$1.64$1.68$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.66$0.62$0.04$1.05$1.10$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.62$0.09$1.55