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Nonprofit · EIN 42-1042459

MAINSTREAM LIVING INC STUART AMBROSE

Tax-exempt · AMES, IA 50010

Financials

$24.1M$23.2M2023
Revenue Expenses · by fiscal year end
Financials of MAINSTREAM LIVING INC STUART AMBROSE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2024990$24,140,017$23,165,267$974,750$15,341,196$3,951,963$11,389,233
Financial details: 990 for the year ended June 30, 2024

Revenue

Contributions, gifts and grants
$99,425
Program service revenue
$23,625,994
Investment income
$296,701
Net gain from sales of assets
$50,874
Other revenue
$117,897

Expenses

Grants and similar amounts paid
$21,429
Compensation of officers, directors and key employees
$344,769
Other salaries and wages
$16,423,589
Salaries, compensation and benefits (total)
$20,541,153
Professional fundraising fees
$0
Legal fees
$31,190
Accounting fees
$18,200
Occupancy
$821,871
Travel
$368,932
Depreciation
$498,562
Program services (functional)
$19,868,065
Management and general (functional)
$3,261,110
Fundraising (functional)
$36,092

Balance sheet and other

Total assets, start of year
$15,273,873
Total assets, end of year
$15,341,196
Total liabilities, end of year
$3,951,963
Net assets, end of year
$11,389,233
Land, buildings and equipment
$4,308,092
Net assets without donor restrictions
$11,333,788
Net assets with donor restrictions
$55,445
Gross receipts
$24,140,017
Employees
565
Volunteers
13
Year formed
1975
State of legal domicile
IA

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
KRIS EASTMANCEO
Officer
40$135,000
STUART AMBROSECFO
Officer
40$116,466
AMBER CORRIERICOO
Officer
40$93,303
NATHAN THOMPSONCHAIR
Trustee or director
1$0
CHRIS NELSONVICE CHAIR
Trustee or director
1$0
JACQUELINE VENNER-SENSKEBOARD SECRETARY
Trustee or director
1$0
STEVE LUETTDIRECTOR
Trustee or director
1$0
PAT GOLDSMITHDIRECTOR
Trustee or director
1$0
KAREN SCHEELDIRECTOR
Trustee or director
1$0
LAURA ILESDIRECTOR
Trustee or director
1$0
PETER ORAZEMDIRECTOR
Trustee or director
1$0
RICHARD ROEPKEDIRECTOR
Trustee or director
1$0
JILL SIMBRODIRECTOR
Trustee or director
1$0
CLARK GRINDEDIRECTOR
Trustee or director
1$0
TRACY MAYDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
2012 E 13TH ST, AMES, IA 50010-5601
Principal officer (990 for 2023)
KRIS EASTMAN, 2012 E 13TH ST, AMES, IA 50010
Signed the 990
KRIS EASTMAN, EXECUTIVE DIRECTOR
Phone
(515) 232-8405
Return prepared by
TRUSTPOINT LLP

Mission

TO ESTABLISH PERMANENT AND TEMPORARY RESIDENTIAL SERVICES AND PROGRAMMING FOR THE DEVELOPMENTALLY DISABLED AND THE PHYSICALLY DEPENDENT.

990 for the year ended June 30, 2024

Program accomplishments

  • HOME AND COMMUNITY-BASED SERVICES WAIVER PROGRAM (HCBS) - PROVIDES SUPPORTED SERVICES FOR INDIVIDUALS TO REMAIN IN OR RETURN TO THE COMMUNITY. THE SERVICE IS UP TO 24 HOURS PER DAY AND ASSISTS CONSUMERS WITH DAILY LIVING NEEDS.
    Expenses $16,056,294 · grants $4,430 · revenue $18,820,968
  • SUPERVISED/SUPPORTED LIVING - MAINSTREAM OPERATES THREE APARTMENT COMPLEXES WHICH SERVE BETWEEN 90 AND 100 RESIDENTS IN POLK COUNTY.
    Expenses $1,773,220 · grants $348 · revenue $2,070,045
  • DAY HABILITATION/SUPPORTED EMPLOYMENT - THE ORGANIZATION PROVIDES INDIVIDUALIZED TRAINING PROGRAMS FOR ADULTS WITH INTELLECTUAL DISABILITIES AND MENTAL ILLNESS IN STORY AND POLK COUNTIES, IN ORDER TO MAXIMIZE INDEPENDENT FUNCTIONING, IMPROVE QUALITY OF LIFE, AND INTEGRATE THE INDIVIDUALS SERVED INTO THE COMMUNITY. WORK AND/OR SUPPORTED EMPLOYMENT IS PROVIDED WHICH MAY LEAD TO COMPETITIVE EMPLOYMENT.
    Expenses $1,107,588 · grants $13,430 · revenue $1,351,590
  • WORK ACTIVITY - MAINSTREAM PROVIDES INDVIDUALIZED TRAINING PROGRAMS FOR ADULTS WITH MENTAL RETARDATION IN STORY COUNTY, IN ORDER TO MAXIMIZE INDEPENDENT FUNCTIONING, IMPROVE QUALITY OF LIFE, AND INTEGRATE THE INDIVIDUAL INTO THE COMMUNITY. PERSONAL SERVICE ENHANCEMENTS AND VOCATIONAL TRAINING/RCF/PMI
    Expenses $930,963 · grants $3,221 · revenue $1,552,162

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025Not on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
42-1042459
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
1976
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P800)
Assets (IRS master file)
$15,341,196
Income (IRS master file)
$24,140,017

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2024$24,140,017$23,165,267$15,341,196XML
990June 2023$23,546,976$22,874,506$15,273,873IRS
990June 2022–––IRS
990June 2021–––IRS
990June 2019–––IRS
990June 2018–––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 42-1042459).

Questions about MAINSTREAM LIVING INC STUART AMBROSE

What is the EIN of MAINSTREAM LIVING INC STUART AMBROSE?
The employer identification number (EIN) of MAINSTREAM LIVING INC STUART AMBROSE is 42-1042459.
Is MAINSTREAM LIVING INC STUART AMBROSE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1976.
Are donations to MAINSTREAM LIVING INC STUART AMBROSE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MAINSTREAM LIVING INC STUART AMBROSE 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 MAINSTREAM LIVING INC STUART AMBROSE 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 MAINSTREAM LIVING INC STUART AMBROSE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2024.
Who is the principal officer of MAINSTREAM LIVING INC STUART AMBROSE?
The 990 for the year ended June 30, 2024 names KRIS EASTMAN.
Who are the officers and directors of MAINSTREAM LIVING INC STUART AMBROSE?
The 990 for the year ended June 30, 2024 lists 15 people; 3 received compensation from the organization, the highest $135,000 (KRIS EASTMAN, CEO).
How much revenue does MAINSTREAM LIVING INC STUART AMBROSE have?
On its 990 for the year ended June 30, 2024 it reported revenue of $24,140,017, expenses of $23,165,267 and total assets of $15,341,196 at year end.

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