Nonprofit · EIN 20-3922979
MAINSTREET LAS VEGAS INC
Tax-exempt · LAS VEGAS, NM 87701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $85,591 | $131,964 | -$46,373 | $22,312 | $4,721 | $17,591 |
| December 31, 2023 | 990 | $77,917 | $97,467 | -$19,550 | $65,122 | $908 | $64,214 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $56,101
- of which government grants
- $32,500
- Program service revenue
- $29,490
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $43,750
- Salaries, compensation and benefits (total)
- $47,253
- Professional fundraising fees
- $0
- Legal fees
- $14,375
- Accounting fees
- $2,911
- Occupancy
- $3,618
- Travel
- $841
- Program services (functional)
- $68,934
- Management and general (functional)
- $63,030
Balance sheet and other
- Total assets, start of year
- $65,122
- Total assets, end of year
- $22,312
- Total liabilities, end of year
- $4,721
- Net assets, end of year
- $17,591
- Land, buildings and equipment
- $2,727
- Net assets without donor restrictions
- $17,591
- Gross receipts
- $85,591
- Employees
- 2
- Volunteers
- 3
- Year formed
- 2005
- State of legal domicile
- NM
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John M Peranteau | Executive Director Highest-paid employee | 40 | $25,000 |
| Makahla A Harapat | Executive Director Key employee | 40 | $18,750 |
| Tasha Martinez | President Trustee or director, Officer | 4 | $0 |
| Reina Fernandez | Vice President Trustee or director, Officer | 4 | $0 |
| Tina Clayton | Secretary Trustee or director, Officer | 2 | $0 |
| Tim Shields | Treasurer Trustee or director, Officer | 1 | $0 |
| Andrea Love | Director Trustee or director | 1 | $0 |
| William Lopez | Director Trustee or director | 1 | $0 |
| Roxanne Gonzales | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John M Peranteau | Executive Director Key employee, Highest-paid employee | 40 | $50,000 |
| Reina Fernandez | Vice President Trustee or director, Officer | 4 | $0 |
| Tasha Martinez | President Trustee or director, Officer | 8 | $0 |
| Tina Clayton | Secretary Trustee or director, Officer | 3 | $0 |
| Bill Taylor | Treasurer Trustee or director, Officer | 2 | $0 |
| Roxanne Gonzales | Director Trustee or director | 1 | $0 |
| Tim Shields | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 727 7TH ST, LAS VEGAS, NM 87701-4238
- In care of
- % JOHN M PERANTEAU
- Principal officer (990 for 2024)
- Tim Shields, P O Box 877, Las Vegas, NM 87701
- Signed the 990
- Michael Peranteau, Treasurer
- Phone
- (505) 301-5767
- Website
- www.mainstreet.lvnm
Mission
To unify the historic commercial corridor and engender pride in the community while promoting economic development
Program accomplishments
- Community Garden and the Great Blocks/Railroad District program offered community development with green spaces parking and art displays City wide murals also provided multiple cultural displaysExpenses $11,091 · revenue $15,100
- The USDA RURAL Development Department previously awarded a grant to Main Street to assist the needs of community businesses with technical assistance, training needs and other activities to improve their businesses. In 2024 new construction plans were made to expand a community cafe and BBQ restaurantExpenses $43,468
- Main Street de Las Vegas offered fiscal sponsorship for the Little Las Vegas MG one time while they complete their 501C3 applicationExpenses $14,375 · revenue $14,375
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-3922979
- 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
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A80)
- Assets (IRS master file)
- $22,312
- Income (IRS master file)
- $85,591
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $85,591 | $131,964 | $22,312 | XML |
| 990 | December 2023 | $77,917 | $97,467 | $65,122 | XML |
| 990 | December 2022 | $237,169 | $165,623 | $83,983 | IRS |
| 990 | December 2021 | – | – | – | 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 20-3922979).
Questions about MAINSTREET LAS VEGAS INC
- What is the EIN of MAINSTREET LAS VEGAS INC?
- The employer identification number (EIN) of MAINSTREET LAS VEGAS INC is 20-3922979.
- Is MAINSTREET LAS VEGAS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to MAINSTREET LAS VEGAS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAINSTREET LAS VEGAS INC 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 MAINSTREET LAS VEGAS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAINSTREET LAS VEGAS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MAINSTREET LAS VEGAS INC?
- The 990 for the year ended December 31, 2024 names Tim Shields.
- Who are the officers and directors of MAINSTREET LAS VEGAS INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 2 received compensation from the organization, the highest $25,000 (John M Peranteau, Executive Director).
- How much revenue does MAINSTREET LAS VEGAS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $85,591, expenses of $131,964 and total assets of $22,312 at year end.
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