Nonprofit · EIN 42-1303027
COMMUNITY MAIN STREET INC
Tax-exempt · CEDAR FALLS, IA 50613
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $591,112 | $441,064 | $150,048 | $1,382,740 | $161,827 | $1,220,913 |
| June 30, 2024 | 990 | $435,786 | $345,115 | $90,671 | $1,202,839 | $131,770 | $1,071,069 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $446,452
- of which government grants
- $401,035
- Program service revenue
- $118,628
- Investment income
- $26,032
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $94,912
- Compensation of officers, directors and key employees
- $80,045
- Other salaries and wages
- $51,075
- Salaries, compensation and benefits (total)
- $143,006
- Professional fundraising fees
- $0
- Accounting fees
- $5,439
- Occupancy
- $15,568
- Travel
- $6,735
- Depreciation
- $19,913
- Program services (functional)
- $397,614
- Management and general (functional)
- $43,450
Balance sheet and other
- Total assets, start of year
- $1,202,839
- Total assets, end of year
- $1,382,740
- Total liabilities, end of year
- $161,827
- Net assets, end of year
- $1,220,913
- Land, buildings and equipment
- $422,736
- Net assets without donor restrictions
- $1,220,913
- Gross receipts
- $591,112
- Employees
- 3
- Volunteers
- 134
- Year formed
- 1988
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KIMBERLY BEAR | EXECUTIVE DIRECTOR Officer | 40 | $52,225 | $14,371 |
| EMILEE NEDOBA | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| DAN LYNCH | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| CORY KENT | SECRETARY Trustee or director, Officer | 0.25 | $0 | $0 |
| BRENT JOHNSON | PAST PRESIDENT Trustee or director | 0.25 | $0 | $0 |
| WYNETTE FROEHNER | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| STEPHANIE SHEETZ | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| BRAD STROUSE | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| HELEN PEARCE | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| LEXIE HEATH | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| LAUREN RIENSCHE | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| DEANNA HOFFMAN | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| WHITNEY MROZINSKI | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KIMBERLY BEAR | EXECUTIVE DIRECTOR Officer | 40 | $55,304 | $3,297 |
| HELEN PEARCE | DIRECTOR Trustee or director | 0 | $0 | $0 |
| EMILEE NEDOBA | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| DAN LYNCH | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| CORY KENT | SECRETARY Trustee or director, Officer | 0 | $0 | $0 |
| BRENT JOHNSON | PAST PRESIDENT Trustee or director | 0 | $0 | $0 |
| WYNETTE FROEHNER | DIRECTOR Trustee or director | 0 | $0 | $0 |
| LAUREN RIENSCHE | DIRECTOR Trustee or director | 0 | $0 | $0 |
| STEPHANIE HOUK SHEETZ | DIRECTOR Trustee or director | 0 | $0 | $0 |
| LEXIE HEATH | DIRECTOR Trustee or director | 0 | $0 | $0 |
| BRAD STROUSE | DIRECTOR Trustee or director | 0 | $0 | $0 |
| DEANNA HOFFMAN | DIRECTOR Trustee or director | 0 | $0 | $0 |
| WHITNEY MROZINSKI | DIRECTOR Trustee or director | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 310 E 4TH ST, CEDAR FALLS, IA 50613-2869
- Principal officer (990 for 2024)
- KIMBERLY BEAR, 310 E 4TH STREET, CEDAR FALLS, IA 50613
- Signed the 990
- EMILEE NEDOBA, BOARD PRESIDENT
- Phone
- (319) 277-0213
- Website
- WWW.COMMUNITYMAINSTREET.ORG
- Return prepared by
- CREATIVE PLANNING TAX LLC
Mission
TO FOSTER ECONOMIC VITALITY AND TO PRESERVE AND PROMOTE THE HISTORIC IMAGE AND CHARACTER OF DOWNTOWN WHILE IMPROVING THE QUALITY OF LIFE IN CEDAR FALLS, IOWA
Program accomplishments
- PROMOTION OF BUSINESS AND COMMUNITY DEVELOPMENT OF DOWNTOWN DISTRICT IN CEDAR FALLS, IOWA. ACCOMPLISHED THROUGH MEMBERSHIP ORGANIZATION, MARKETING, AND PROMOTION ACTIVITIES.Expenses $397,614 · grants $94,912 · revenue $118,628
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
- 42-1303027
- 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
- 1995
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S200)
- Assets (IRS master file)
- $1,382,740
- Income (IRS master file)
- $591,112
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $591,112 | $441,064 | $1,382,740 | IRS |
| 990 | June 2024 | $435,786 | $345,115 | $1,202,839 | XML |
| 990 | June 2023 | $404,172 | $296,647 | $1,089,750 | IRS |
| 990 | June 2022 | – | – | – | 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 42-1303027).
Questions about COMMUNITY MAIN STREET INC
- What is the EIN of COMMUNITY MAIN STREET INC?
- The employer identification number (EIN) of COMMUNITY MAIN STREET INC is 42-1303027.
- Is COMMUNITY MAIN STREET INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to COMMUNITY MAIN STREET INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMUNITY 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 COMMUNITY MAIN STREET INC 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 COMMUNITY MAIN STREET INC 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 COMMUNITY MAIN STREET INC?
- The 990 for the year ended June 30, 2025 names KIMBERLY BEAR.
- Who are the officers and directors of COMMUNITY MAIN STREET INC?
- The 990 for the year ended June 30, 2025 lists 13 people; 1 received compensation from the organization, the highest $52,225 (KIMBERLY BEAR, EXECUTIVE DIRECTOR).
- How much revenue does COMMUNITY MAIN STREET INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $591,112, expenses of $441,064 and total assets of $1,382,740 at year end.
Other nonprofits in CEDAR FALLS
- LEADER VALLEY FOUNDATION EIN 45-3120883 · last filed 990 for 2025
- NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS CALIFORNIA EIN 94-1120047 · last filed 990 for 2025
- NAIFA-NEW YORK INC EIN 85-3681005 · last filed 990 for 2025
- STURGIS FALLS CELEBRATION INC EIN 42-1256854 · last filed 990 for 2023
- CEDAR FALLS ECONOMIC DEVELOPMENT CORPORATION EIN 87-1319434 · last filed 990-EZ for 2024
- NAIFA ARKANSAS EIN 71-6052266 · last filed 990-EZ for 2025
- CEDAR VALLEY HAITIAN FUND EIN 84-1832553 · last filed 990-PF for 2025
- SCATTERED SEEDS EIN 87-3164253 · last filed 990-N for 2025
All nonprofits in CEDAR FALLS · Iowa · Community improvement and capacity building