Nonprofit · EIN 04-3568130
SALEM MAIN STREET INITIATIVE- DOWNTOWN PROGRAM
Tax-exempt (reinstated) · SALEM, MA 01970
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $238,895 | $234,447 | $4,448 | $50,232 | $3,508 | $46,724 |
| June 30, 2024 | 990 | $220,590 | $215,560 | $5,030 | $41,778 | $4,000 | $37,778 |
| June 30, 2023 | 990 | $292,783 | $263,301 | $29,482 | $38,964 | $6,216 | $32,748 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $99,767
- of which government grants
- $80,950
- Program service revenue
- $139,128
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $113,211
- Professional fundraising fees
- $0
- Accounting fees
- $5,325
- Occupancy
- $11,700
- Depreciation
- $3,283
- Program services (functional)
- $106,504
- Management and general (functional)
- $127,943
Balance sheet and other
- Total assets, start of year
- $41,778
- Total assets, end of year
- $50,232
- Total liabilities, end of year
- $3,508
- Net assets, end of year
- $46,724
- Land, buildings and equipment
- $5,830
- Gross receipts
- $238,895
- Employees
- 2
- Volunteers
- 300
- Year formed
- 2013
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MATTHEW CARUSO | DIRECTOR Trustee or director | 1 | $0 |
| LAUREN MAKOFSKY | DIRECTOR Trustee or director | 1 | $0 |
| CAROL MCLAUGHLIN | DIRECTOR Trustee or director | 1 | $0 |
| LINDA MULLEN | DIRECTOR Trustee or director | 1 | $0 |
| BILL PETERSON | DIRECTOR Trustee or director | 1 | $0 |
| MIRA RIGGIN | TREASURER Trustee or director, Officer | 3 | $0 |
| ERIC SMALL | PRESIDENT Trustee or director, Officer | 3 | $0 |
| JENNI STUART | VICE PRESIDENT Trustee or director, Officer | 3 | $0 |
| DIANE WOLF | SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BETH DEBSKI | EXECUTIVE COMMITTEE Trustee or director | 1 | $0 |
| RINUS OOSTHOEK | EXECUTIVE COMMITTEE Trustee or director | 1 | $0 |
| MATTHEW CARUSO | DIRECTOR Trustee or director | 1 | $0 |
| LAUREN MAKOFSKY | DIRECTOR Trustee or director | 1 | $0 |
| CAROL MCLAUGHLIN | DIRECTOR Trustee or director | 1 | $0 |
| LINDA MULLEN | DIRECTOR Trustee or director | 1 | $0 |
| BILL PETERSON | DIRECTOR Trustee or director | 1 | $0 |
| MIRA RIGGIN | TREASURER Trustee or director, Officer | 3 | $0 |
| ERIC SMALL | PRESIDENT Trustee or director, Officer | 3 | $0 |
| JENNI STUART | VICE PRESIDENT Trustee or director, Officer | 3 | $0 |
| DIANE WOLF | SECRETARY Trustee or director, Officer | 1 | $0 |
| JOHN ANDREWS | EXECUTIVE COMMITTEE Trustee or director | 1 | $0 |
| KATHRYN NEWHALL- SMITH | EXECUTIVE COMMITTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BETH DEBSKI | EXECUTIVE COMMITTEE Trustee or director | 1 | $0 |
| RINUS OOSTHOEK | EXECUTIVE COMMITTEE Trustee or director | 1 | $0 |
| MATTHEW CARUSO | DIRECTOR Trustee or director | 1 | $0 |
| LAUREN MAKOFSKY | DIRECTOR Trustee or director | 1 | $0 |
| CAROL MCLAUGHLIN | DIRECTOR Trustee or director | 1 | $0 |
| LINDA MULLEN | DIRECTOR Trustee or director | 1 | $0 |
| BILL PETERSON | DIRECTOR Trustee or director | 1 | $0 |
| MIRA RIGGIN | TREASURER Trustee or director, Officer | 3 | $0 |
| ERIC SMALL | PRESIDENT Trustee or director, Officer | 3 | $0 |
| JENNI STUART | VICE PRESIDENT Trustee or director, Officer | 3 | $0 |
| DIANE WOLF | SECRETARY Trustee or director, Officer | 1 | $0 |
| JOHN ANDREWS | EXECUTIVE COMMITTEE Trustee or director | 1 | $0 |
| KATHRYN NEWHALL- SMITH | EXECUTIVE COMMITTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 265 ESSEX ST STE 101, SALEM, MA 01970-3400
- In care of
- % MARK MECHE PRESIDENT
- Principal officer (990 for 2024)
- ERIC SMALL, 9A DERBY SQUARE, SALEM, MA 01970
- Signed the 990
- ERIC SMALL, PRESIDENT
- Phone
- (978) 744-0004
- Website
- WWW.SALEMMAINSTREETS.ORG
- Return prepared by
- GORTON & COMPANY PC
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 DOWNTOWN DISTRICT.
Program accomplishments
- 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 WHICH IS DONE THROUGHOUT THE YEAR BY VARIOUS THEMED EVENTS.Expenses $106,504 · revenue $139,128
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 04-3568130
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A80)
- Assets (IRS master file)
- $50,232
- Income (IRS master file)
- $238,895
Revocation and reinstatement
- Exemption revoked
- November 15, 2013
- Posted by the IRS
- April 14, 2014
- Reinstated
- Effective November 15, 2013
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $238,895 | $234,447 | $50,232 | XML |
| 990 | June 2024 | $220,590 | $215,560 | $41,778 | IRS |
| 990 | June 2023 | $292,783 | $263,301 | $38,964 | IRS |
| 990 | June 2022 | $239,926 | $223,965 | $22,581 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3568130).
Questions about SALEM MAIN STREET INITIATIVE- DOWNTOWN PROGRAM
- What is the EIN of SALEM MAIN STREET INITIATIVE- DOWNTOWN PROGRAM?
- The employer identification number (EIN) of SALEM MAIN STREET INITIATIVE- DOWNTOWN PROGRAM is 04-3568130.
- Is SALEM MAIN STREET INITIATIVE- DOWNTOWN PROGRAM tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2013 and reinstated it effective November 15, 2013.
- Are donations to SALEM MAIN STREET INITIATIVE- DOWNTOWN PROGRAM tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SALEM MAIN STREET INITIATIVE- DOWNTOWN PROGRAM file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SALEM MAIN STREET INITIATIVE- DOWNTOWN PROGRAM due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SALEM MAIN STREET INITIATIVE- DOWNTOWN PROGRAM last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SALEM MAIN STREET INITIATIVE- DOWNTOWN PROGRAM?
- The 990 for the year ended June 30, 2025 names ERIC SMALL.
- Who are the officers and directors of SALEM MAIN STREET INITIATIVE- DOWNTOWN PROGRAM?
- The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does SALEM MAIN STREET INITIATIVE- DOWNTOWN PROGRAM have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $238,895, expenses of $234,447 and total assets of $50,232 at year end.
Other nonprofits in SALEM
- PEABODY ESSEX MUSEUM INC EIN 04-3157815 · last filed 990 for 2025
- ESSEX NATIONAL HERITAGE COMMISSION INC EIN 04-3406670 · last filed 990 for 2025
- PUNTO URBAN ART MUSEUM INC EIN 88-3523320 · last filed 990 for 2024
- SALEM ACCESS TELEVISION INC EIN 04-3176212 · last filed 990 for 2025
- STONE SOUP LEADERSHIP INSTITUTE INC EIN 31-1594004 · last filed 990 for 2025
- HISTORY ALIVE INC EIN 47-1495710 · last filed 990 for 2024
- BOSTON COMIC ARTS FOUNDATION LIMITED EIN 47-3790971 · last filed 990 for 2024
- 211 BRIDGE STREET CORPORATION EIN 47-4156788 · last filed 990 for 2025
All nonprofits in SALEM · Massachusetts · Arts, culture and humanities