Nonprofit · EIN 75-3131452
OLD TAKOMA BUSINESS ASSOCIATION INC
Tax-exempt · TAKOMA PARK, MD 20912
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $589,831 | $297,545 | $292,286 | $714,449 | $1,785 | $712,664 |
| December 31, 2023 | 990 | $341,440 | $270,679 | $70,761 | $417,637 | $692 | $416,945 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $436,465
- of which government grants
- $396,750
- Membership dues
- $35,940
- Program service revenue
- $147,843
- Investment income
- $5,523
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $51,022
- Compensation of officers, directors and key employees
- $100,500
- Salaries, compensation and benefits (total)
- $112,214
- Professional fundraising fees
- $0
- Legal fees
- $1,500
- Accounting fees
- $6,468
- Occupancy
- $9,450
- Depreciation
- $1,153
- Program services (functional)
- $235,807
- Management and general (functional)
- $56,127
- Fundraising (functional)
- $5,611
Balance sheet and other
- Total assets, start of year
- $417,637
- Total assets, end of year
- $714,449
- Total liabilities, end of year
- $1,785
- Net assets, end of year
- $712,664
- Land, buildings and equipment
- $7,279
- Net assets without donor restrictions
- $323,914
- Net assets with donor restrictions
- $388,750
- Gross receipts
- $589,831
- Employees
- 1
- Volunteers
- 48
- Year formed
- 2003
- 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 | Other / benefits |
|---|---|---|---|---|
| LAURA BARCLAY | EXECUTIVE DIRECTOR Officer | 40 | $100,500 | $4,000 |
| DAVID BOYD | AT LARGE MEM Trustee or director | 0.5 | $0 | $0 |
| CARTER DOUGHERTY | AT LARGE MEM Trustee or director | 0.5 | $0 | $0 |
| SARA HAYDEN | AT LARGE MEM Trustee or director | 0.5 | $0 | $0 |
| MATTHEW LYONS | AT LARGE MEM Trustee or director | 0.5 | $0 | $0 |
| BRUCE LEVIN | AT LARGE MEM Trustee or director | 0.5 | $0 | $0 |
| ZOE STERN | AT LARGE MEM Trustee or director | 0.5 | $0 | $0 |
| MIKE HOUSTON | AT LARGE MEM Trustee or director | 0.5 | $0 | $0 |
| ERIN PALMER | AT LARGE MEM Trustee or director | 0.5 | $0 | $0 |
| ELIZABETH BRINKAMA | AT LARGE MEM Trustee or director | 0.5 | $0 | $0 |
| IAN PALMIERO | AT LARGE MEM Trustee or director | 0.5 | $0 | $0 |
| ROCCO CASAGRANDE | AT LARGE MEM Trustee or director | 0.5 | $0 | $0 |
| CAROLINA MCCANDLESS | PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| JEFF TRUNZO | VICE-PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| ETHAN LANDIS | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PRESTON QUESENBERRY | TREASURER Trustee or director, Officer | 0.5 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURA BARCLAY | EXECUTIVE DI Officer | 40 | $97,531 | $3,956 |
| DAVID BOYD | AT LARGE MEM Trustee or director | 0.5 | $0 | $0 |
| ROCCO CASAGRANDE | AT LARGE MEM Trustee or director | 0.5 | $0 | $0 |
| CARTER DOUGHERTY | AT LARGE MEM Trustee or director | 0.5 | $0 | $0 |
| SARA HAYDEN | AT LARGE MEM Trustee or director | 0.5 | $0 | $0 |
| MIKE HOUSTON | AT LARGE MEM Trustee or director | 0.5 | $0 | $0 |
| ETHAN LANDIS | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| BRUCE LEVIN | AT LARGE MEM Trustee or director | 0.5 | $0 | $0 |
| MATTHEW LYONS | AT LARGE MEM Trustee or director, Officer | 0.5 | $0 | $0 |
| CAROLINA MCCANDLESS | PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| ERIN PALMER | AT LARGE MEM Trustee or director | 0.5 | $0 | $0 |
| IAN PALMIERO | AT LARGE MEM Trustee or director | 0.5 | $0 | $0 |
| PRESTON QUESENBERRY | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| ZOE STERN | CHAIRPERSON Trustee or director | 0.5 | $0 | $0 |
| ELIZABETH THOMPSON | AT LARGE MEM Trustee or director | 0.5 | $0 | $0 |
| JEFF TRUNZO | VICE PRESIDE Trustee or director, Officer | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6909 LAUREL AVE, TAKOMA PARK, MD 20912-4420
- In care of
- % LAURA BARCLAY
- Principal officer (990 for 2024)
- CAROLINA MCCANDLESS, 6909 LAUREL AVENUE STE A, TAKOMA PARK, MD 20912
- Signed the 990
- LAURA BARCLAY, EXECUTIVE DIRECTOR
- Phone
- (301) 891-6789
- Website
- MAINSTREETTAKOMA.ORG
- Return prepared by
- PR CPA SOLUTIONS LLC
Mission
BRING TOGETHER BUSINESSES, RESIDENTS, AND COMMUNITY ORGANIZATIONS TO BUILD AND SUSTAIN A VIBRANT COMMERICAL DISTRICT AND PRESERVE THE NEIGHBORHOODS RICH HISTORY.(CONTINUED IN SCHEDULE O)
Program accomplishments
- LESSENING THE BURDENS OF THE CITY OF TAKOMA PARK, MD AND WASHINGTON, D.C. BY ADMINISTERING TAKOMA PARKS MAIN STREET MARYLAND PROGRAM AND FURTHERING THE PURPOSE OF THAT PROGRAM BY WORKING WITH RESIDENTS, COMMUNITY ORGANIZATIONS, AND BUSINESSES TO IMPROVE THE ECONOMY,APPEARANCE, AND IMAGE OF THE HISTORICAL DOWNTOWN COMMERCIAL AND CULTURAL DISTRICT IN TAKOMA PARK, MD AND THE TAKOMA NEIGHBORHOOD IN WASHINGTON, D.C. THROUGH CULTURAL EVENTS (DINKY LINE, TAKOMA FLEA MARKET, TAKOMA TRUKGARTEN, TAKOMA PRIDE, TAKOMA PARK STREET FESTIVAL, PAJAMARAMA AND HOLIDAY MARKET, TKPK GIFT MARKET AND TAKOMA COCOA CRAWL) , BEAUTIFICATION (GARDENING AT TAKOMA COMMUNITY TRIANGLE PARK) AND SUPPORT TO SMALL, LOCAL BUSINESSES (DISTRIBUTED OVER 50,000 IN SAFETY MICROGRANTS TO BUSINESSES)Expenses $235,807 · grants $51,022 · revenue $147,843
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 on file |
IRS record
- EIN
- 75-3131452
- 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
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $714,449
- Income (IRS master file)
- $589,831
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $589,831 | $297,545 | $714,449 | IRS |
| 990 | December 2023 | $341,440 | $270,679 | $417,637 | XML |
| 990 | December 2022 | $345,160 | $311,921 | $369,479 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 75-3131452).
Questions about OLD TAKOMA BUSINESS ASSOCIATION INC
- What is the EIN of OLD TAKOMA BUSINESS ASSOCIATION INC?
- The employer identification number (EIN) of OLD TAKOMA BUSINESS ASSOCIATION INC is 75-3131452.
- Is OLD TAKOMA BUSINESS ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to OLD TAKOMA BUSINESS ASSOCIATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OLD TAKOMA BUSINESS ASSOCIATION 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 OLD TAKOMA BUSINESS ASSOCIATION 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 OLD TAKOMA BUSINESS ASSOCIATION 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 OLD TAKOMA BUSINESS ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 names CAROLINA MCCANDLESS.
- Who are the officers and directors of OLD TAKOMA BUSINESS ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 lists 16 people; 1 received compensation from the organization, the highest $100,500 (LAURA BARCLAY, EXECUTIVE DIRECTOR).
- How much revenue does OLD TAKOMA BUSINESS ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $589,831, expenses of $297,545 and total assets of $714,449 at year end.
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All nonprofits in TAKOMA PARK · Maryland · Community improvement and capacity building