Nonprofit · EIN 52-1859519
MAIN STREET GYM INC
Tax-exempt · SALISBURY, MD 21802
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $216,554 | $169,719 | $46,835 | $426,391 | $907 | $425,484 |
| December 31, 2023 | 990-EZ | $177,064 | $163,637 | $13,427 | $379,556 | $907 | $378,649 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $153,662
- Program service revenue
- $0
- Investment income
- $14,857
- Net gain from sales of assets
- $4,025
- Net income from gaming
- $29,775
- Other revenue
- $48,035
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $102,318
- Salaries, compensation and benefits (total)
- $110,425
- Professional fundraising fees
- $0
- Accounting fees
- $5,581
- Occupancy
- $12,593
- Depreciation
- $9,112
- Program services (functional)
- $143,431
- Management and general (functional)
- $26,288
Balance sheet and other
- Total assets, start of year
- $379,556
- Total assets, end of year
- $426,391
- Total liabilities, end of year
- $907
- Net assets, end of year
- $425,484
- Land, buildings and equipment
- $116,604
- Publicly traded securities
- $118,215
- Net assets without donor restrictions
- $425,484
- Gross receipts
- $227,401
- Employees
- 2
- Year formed
- 1993
- State of legal domicile
- MD
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 |
|---|---|---|---|
| SANDY FITZERGERALD D'ANGELO | DIRECTOR Trustee or director | 1 | $0 |
| BRYAN LECOMPTE | DIRECTOR Trustee or director | 1 | $0 |
| DARRON WHITEHEAD | DIRECTOR Trustee or director | 1 | $0 |
| HAL E CHERNOFF | VICE PRESIDE Officer | 40 | $0 |
| NANCY B CHERNOFF | PRESIDENT Officer | 40 | $0 |
| MARK L GRANGER | TREASURER Officer | 1 | $0 |
| DENNIS WELLER | SECRETARY Officer | 1 | $0 |
990-EZ for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HAL E CHERNOFF | VICE PRESIDE | 40 | $61,923 |
| NANCY B CHERNOFF | PRESIDENT | 40 | $0 |
| DENNIS WELLER | SECRETARY | 5 | $0 |
| MARK L GRANGER | TREASURER | 5 | $0 |
| SANDY FITZERGERALD D'ANGELO | DIRECTOR | 5 | $0 |
| BRYAN LECOMPTE | DIRECTOR | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 3178, SALISBURY, MD 21802-3178
- In care of
- % MARK GRANGER
- Mailing address (990-N for 2017)
- 101 Williamsport Circle, Salisbury MD 21804
- Principal officer (990 for 2024)
- HAL E CHERNOFF, 105 TUXENTS BRANCH, FRUITLAND, MD 21826
- Principal officer (990-N for 2017)
- Hal Chernoff, 105 TUXENTS BRANCH LANE, FRUITLAND MD 21826
- Signed the 990
- NANCY B CHERNOFF, PRESIDENT
- Phone
- (410) 860-2437
- Website
- WWW,MAINSTGYMSALISBURY.COM
- Return prepared by
- GRANGER & MAGEE PA
Mission
BOXING PROGRAM AND COUNSELING FOR AT-RISK YOUTH
Program accomplishments
- THE MAIN STREET GYM PROVIDES A STRUCTURED BOXING PROGRAM FOR AT RISK YOUTH WHICH TEACHES INDIVIDUAL RESPONSIBILITY AND SELF-RELIANCE THROUGH PHYSICAL TRAINING, PARTICIPATION IN COMPETITIVE BOXING TOURNAMENTS, AND AN AFTER-SCHOOL ACADEMIC TUTORING PROGRAM. EACH YEAR, THE PROGRAM PROVIDES STRUCTURE AND GUIDANCE FOR YOUNG PEOPLE WHO ARE FROM AT-RISK BACKGROUNDS AND OFTEN LACK ROLE-MODELS IN THEIR PERSONAL LIVES.Expenses $126,651
- THE MAIN STREET GYM PROVIDES A STRUCTURED BOXING PROGRAM FOR AT RISK YOUTH WHICH TEACHES INDIVIDUAL RESPONSIBILITY AND SELF-RELIANCE THROUGH PHYSICAL TRAINING, PARTICIPATION IN COMPETITIVE BOXING TOURNAMENTS, AND AN AFTER-SCHOOL ACADEMIC TUTORING PROGRAM. EACH YEAR, THE PROGRAM PROVIDES STRUCTURE AND GUIDANCE FOR YOUNG PEOPLE WHO ARE FROM AT-RISK BACKGROUNDS AND OFTEN LACK ROLE-MODELS IN THEIR PERSONAL LIVES.Expenses $16,780
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-EZ on file |
IRS record
- EIN
- 52-1859519
- 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
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N99)
- Assets (IRS master file)
- $426,391
- Income (IRS master file)
- $227,401
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $216,554 | $169,719 | $426,391 | XML |
| 990-EZ | December 2023 | $177,064 | $163,637 | $379,556 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2017 Officer: Hal Chernoff | December 31, 2017 | ≤ $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 52-1859519).
Questions about MAIN STREET GYM INC
- What is the EIN of MAIN STREET GYM INC?
- The employer identification number (EIN) of MAIN STREET GYM INC is 52-1859519.
- Is MAIN STREET GYM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to MAIN STREET GYM INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAIN STREET GYM 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 MAIN STREET GYM 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 MAIN STREET GYM 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 MAIN STREET GYM INC?
- The 990 for the year ended December 31, 2024 names HAL E CHERNOFF.
- Who are the officers and directors of MAIN STREET GYM INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does MAIN STREET GYM INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $216,554, expenses of $169,719 and total assets of $426,391 at year end.
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