Nonprofit · EIN 20-8570449
LAUREL MAIN STREET INC
Tax-exempt · LAUREL, MS 39440
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $420,897 | $409,287 | $11,610 | $282,106 | $530 | $281,576 |
| December 31, 2024 | 990 | $393,517 | $338,407 | $55,110 | $269,996 | $30 | $269,966 |
| December 31, 2023 | 990 | $419,900 | $302,425 | $117,475 | $214,886 | $30 | $214,856 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $132,856
- of which government grants
- $86,834
- Membership dues
- $46,022
- Program service revenue
- $288,041
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $82,826
- Salaries, compensation and benefits (total)
- $107,046
- Professional fundraising fees
- $0
- Legal fees
- $2,773
- Occupancy
- $6,360
- Travel
- $3,535
- Depreciation
- $12,623
- Program services (functional)
- $313,527
- Management and general (functional)
- $95,760
Balance sheet and other
- Total assets, start of year
- $269,996
- Total assets, end of year
- $282,106
- Total liabilities, end of year
- $530
- Net assets, end of year
- $281,576
- Land, buildings and equipment
- $54,647
- Gross receipts
- $420,897
- Employees
- 3
- Year formed
- 2007
- State of legal domicile
- MS
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MALLORIE RASBERRY | TREASURER Officer | 2 | $0 |
| ELIZABETH KENT | SECRETARY Officer | 2 | $0 |
| NICKI HUDSON | PRESIDENT Officer | 2 | $0 |
| MANDY HEGWOOD | FORMER PRESIDENT Former | 2 | $0 |
| CAROLINE BURKS | DIRECTOR Key employee | 0 | $0 |
| ALY SMITH | VICE PRESIDENT Officer | 0 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MALLORIE RASBERRY | TREASURER Officer | 2 | $0 |
| ELIZABETH KENT | SECRETARY Officer | 2 | $0 |
| NICKI HUDSON | VICE PRESIDENT Officer | 2 | $0 |
| MANDY HEGWOOD | PRESIDENT Officer | 2 | $0 |
| CAROLINE BURKS | DIRECTOR Key employee | 0 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NICKI HUDSON | VICE PRESIDENT Officer | 2 | $0 |
| MANDY HEGWOOD | PRESIDENT Officer | 2 | $0 |
| MALLORIE RASBERRY | TREASURER Officer | 2 | $0 |
| ELIZABETH KENT | SECRETARY Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 542 CENTRAL AVE SUITE 1, LAUREL, MS 39440-3955
- In care of
- % CAROLINE BURKS
- Mailing address (990-N for 2007)
- 326 MAGNOLIA STREET, LAUREL MS 39440
- Principal officer (990-N for 2007)
- JACQUELINE LEE PROGRAM DIRECTOR, 326 MAGNOLIA STREET, LAUREL MS 39440
- Signed the 990
- CAROLINE BURKS, DIRECTOR
- Phone
- (601) 433-3255
- Website
- www.laurelexpress.org
- Return prepared by
- Laura Brame Cerra CPA PLLC
Mission
TO REVITALIZE HISTORIC DOWNTOWN LAUREL IN PARTNERSHIP WITH MEMBERS, PUBLIC AND PRIVATE CONTRIBUTORS AND AS PART OF THE MISSISSIPPI MAIN STREET ASSOCIATION.
Program accomplishments
- WINNER OF THE 2018 OUTSTANDING COMMUNITY TRANSFORMATION MID SIZED TOWN THIS IS AN OVERALL AWARD THAT GOES TO A MAIN STREET PROGRAM THAT HAS ACHIEVED A SUCCESSFUL, PRESERVATION-BASED DOWNTOWN REVIVAL. NAMED BY SMITHSONIAN MAGAZINE AS ONE OF THE TOP 20 SMALL TOWNS TO VISIT IN 2018.Expenses $313,527 · revenue $287,540
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 | 990 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
- 20-8570449
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $282,106
- Income (IRS master file)
- $420,897
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $420,897 | $409,287 | $282,106 | IRS |
| 990 | December 2024 | $393,517 | $338,407 | $269,996 | IRS |
| 990 | December 2023 | $419,900 | $302,425 | $214,886 | XML |
| 990 | December 2022 | $331,233 | $327,394 | $97,411 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2007 Officer: JACQUELINE LEE PROGRAM DIRECTOR | December 31, 2007 | ≤ $50,000 receipts | – | – | e-Postcard |
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 20-8570449).
Questions about LAUREL MAIN STREET INC
- What is the EIN of LAUREL MAIN STREET INC?
- The employer identification number (EIN) of LAUREL MAIN STREET INC is 20-8570449.
- Is LAUREL MAIN STREET INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to LAUREL MAIN STREET INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAUREL MAIN STREET 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 LAUREL MAIN STREET INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAUREL MAIN STREET INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of LAUREL MAIN STREET INC?
- The 990-N for 2007 names JACQUELINE LEE PROGRAM DIRECTOR.
- Who are the officers and directors of LAUREL MAIN STREET INC?
- The 990 for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does LAUREL MAIN STREET INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $420,897, expenses of $409,287 and total assets of $282,106 at year end.
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All nonprofits in LAUREL · Mississippi · Community improvement and capacity building