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Nonprofit · EIN 27-3983146

MAIN STREET SQUARE INCORPORATED

Tax-exempt · RAPID CITY, SD 57701

Financials

$1.2M$1.2M2023$1.2M$1.3M2024
Revenue Expenses · by fiscal year end
Financials of MAIN STREET SQUARE INCORPORATED by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,219,065$1,268,663-$49,598$1,674,835$170,030$1,504,805
December 31, 2023990$1,186,863$1,203,589-$16,726$1,642,732$103,761$1,538,971
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$889,647
of which government grants
$392,178
Program service revenue
$270,704
Investment income
$23,273
Net rental income
$12,650
Net gain from sales of assets
$4,253
Other revenue
$35,441

Expenses

Grants and similar amounts paid
$3,540
Compensation of officers, directors and key employees
$34,388
Salaries, compensation and benefits (total)
$586,199
Professional fundraising fees
$0
Accounting fees
$61,404
Occupancy
$266,270
Travel
$7,572
Depreciation
$71,679
Program services (functional)
$978,908
Management and general (functional)
$289,755

Balance sheet and other

Total assets, start of year
$1,642,732
Total assets, end of year
$1,674,835
Total liabilities, end of year
$170,030
Net assets, end of year
$1,504,805
Land, buildings and equipment
$648,902
Publicly traded securities
$608,012
Net assets without donor restrictions
$1,394,248
Net assets with donor restrictions
$110,557
Gross receipts
$1,225,837
Employees
22
Volunteers
0
Year formed
2010
State of legal domicile
SD

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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
BROOK KAUFMANEXECUTIVE DIRECTOR (BEG.JUNE 2024)
Officer
35$0$226,565$5,613
CALLIE MEYEREXECUTIVE DIRECTOR(THROUGH MAY 2024)
Officer
40$33,368$0$1,020
KELLY BUNTROCKCHAIR
Trustee or director, Officer
1$0$0$0
TIM JOHNSONVICE CHAIR
Trustee or director, Officer
1$0$0$0
SCOTT LANDGUTHSECRETARY/TREASURER
Trustee or director, Officer
1$0$0$0
WADE LAMPERTDIRECTOR
Trustee or director
1$0$0$0
STACIE HULLDIRECTOR
Trustee or director
1$0$0$0
KATELYN COOKDIRECTOR
Trustee or director
1$0$0$0
LOGAN STEFFENSDIRECTOR
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensationOther / benefits
CALLIE MEYEREXECUTIVE DIRECTOR
Officer
40$55,449$3,239
RAY HESPENCHAIR
Trustee or director, Officer
1$0$0
BILLI RAKERVICE CHAIR
Trustee or director, Officer
1$0$0
MIKE POGANYSECRETARY
Trustee or director, Officer
1$0$0
MUTCH USERAPAST CHAIR
Trustee or director, Officer
1$0$0
JAMES ADELSTEINDIRECTOR
Trustee or director
1$0$0
TIM JOHNSONDIRECTOR
Trustee or director
1$0$0
SAM WYLIEDIRECTOR
Trustee or director
1$0$0
RICHARD WILLIAMSDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
512 MAIN ST STE 240, RAPID CITY, SD 57701-2739
Principal officer (990 for 2024)
KELLY BUNTROCK, 512 MAIN STREET 240, RAPID CITY, SD 57701
Signed the 990
KELLY BUNTROCK, PRESIDENT
Phone
(605) 718-8492
Return prepared by
CASEY PETERSON LTD

Mission

THE ORGANIZATION OPERATES RAPID CITY TOWN SQUARE (OWNED BY THE CITY OF RAPID CITY) IN THE HEART OF DOWNTOWN IN ORDER TO PROVIDE AN ACTIVE GATHERING PLACE FOR THE ENTIRE COMMUNITY, TO INVITE INCREASED 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.

990 for the year ended December 31, 2024

Program accomplishments

  • THE ORGANIZATION MANAGES THE OPERATIONS OF MAIN STREET SQUARE THROUGH AN OPERATING AGREEMENT WITH THE CITY OF RAPID CITY. THE ORGANIZATION LEADS EFFORTS TO REDEVELOP AND REVITALIZE DOWNTOWN RAPID CITY THROUGH IMPROVING STREETSCAPES, PROVIDING CLEAN AND SAFE PROGRAMS, AND PROMOTING DOWNTOWN BUSINESSES AND EVENTS.
    Expenses $978,908 · grants $3,540 · revenue $270,704

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
27-3983146
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
2012
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,674,835
Income (IRS master file)
$1,225,837

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,219,065$1,268,663$1,674,835XML
990December 2023$1,186,863$1,203,589$1,642,732XML
990December 2022$1,099,464$1,065,591$1,669,966IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990December 2017–––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 27-3983146).

Questions about MAIN STREET SQUARE INCORPORATED

What is the EIN of MAIN STREET SQUARE INCORPORATED?
The employer identification number (EIN) of MAIN STREET SQUARE INCORPORATED is 27-3983146.
Is MAIN STREET SQUARE INCORPORATED tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
Are donations to MAIN STREET SQUARE INCORPORATED tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MAIN STREET SQUARE INCORPORATED 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 MAIN STREET SQUARE INCORPORATED 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 MAIN STREET SQUARE INCORPORATED 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 MAIN STREET SQUARE INCORPORATED?
The 990 for the year ended December 31, 2024 names KELLY BUNTROCK.
Who are the officers and directors of MAIN STREET SQUARE INCORPORATED?
The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization.
How much revenue does MAIN STREET SQUARE INCORPORATED have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,219,065, expenses of $1,268,663 and total assets of $1,674,835 at year end.

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