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Nonprofit · EIN 81-3770138

MAIN STREET RAVENNA INC

Tax-exempt · RAVENNA, OH 44266

Financials

$56K$89K2023$88K$96K2024
Revenue Expenses · by fiscal year end
Financials of MAIN STREET RAVENNA INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$88,105$95,640-$7,535$42,499$2,550$39,949
December 31, 2023990-EZ$56,111$89,485-$33,374$50,034$2,550$47,484
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$86,345
Net income from fundraising events
$1,760

Expenses

Compensation of officers, directors and key employees
$48,825
Salaries, compensation and benefits (total)
$48,825
Occupancy
$6,997
Printing, publications and postage
$3,891
Other expenses
$35,927
Program services (functional)
$65,416

Balance sheet and other

Total assets, start of year
$50,034
Total assets, end of year
$42,499
Total liabilities, end of year
$2,550
Net assets, end of year
$39,949
Cash, savings and investments
$27,966
Gross receipts
$90,355

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-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Arasin HughesExecutive Director40$48,825
Chelsea GregorPresident4.75$0
Jesse McClainVice President1$0
Brooke BolevichSecretary1$0
William BarberDirector10$0
Matt LillickTreasurer1$0
Amy YoungDirector & VP5$0
Rich SchlueDirector1$0
Crystal HarperDirector (until June 2024)1$0
990-EZ for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensation
ARASIN HUGHESEXECUTIVE DIRECTOR40$46,500
AMY ADAMSDIRECTOR/PAST PRESIDENT2$0
CRYSTAL HARPERSECRETARY1.5$0
MARIA HYDELL THROUGH 123123TREASURER9.35$0
CHELSEA GREGORPRESIDENT4.75$0
DIRK REMLEYVICE PRESIDENT4$0
BILL BARBERDIRECTOR2.5$0
ROD COOK THROUGH 1223DIRECTOR0.5$0
DON EVERETT THROUGH 523DIRECTOR0.5$0
MATT LILLICKDEPUTY TREASURER1$0
STEVEN FARHAT THROUGH 623DIRECTOR1$0
JESSE MCCLAINDIRECTOR0.5$0

Address and contacts

Address (IRS master file)
267 W MAIN ST, RAVENNA, OH 44266-2743
Signed the 990-EZ
Matthew Lillick, Treasurer
Phone
(330) 235-9509

Mission

The mission of Main Street Ravenna is to celebrate and utilize downtown Ravenna to establish a place where businesses thrive and people create moments together.

990-EZ for the year ended December 31, 2024

Program accomplishments

  • Promotion. and preservation of Ravenna's historic downtown district, main street corridor, and other historic areas
    Expenses $65,416

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-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
81-3770138
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
2016
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$42,499
Income (IRS master file)
$90,355

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$88,105$95,640$42,499XML
990-EZDecember 2023$56,111$89,485$50,034XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––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 81-3770138).

Questions about MAIN STREET RAVENNA INC

What is the EIN of MAIN STREET RAVENNA INC?
The employer identification number (EIN) of MAIN STREET RAVENNA INC is 81-3770138.
Is MAIN STREET RAVENNA INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
Are donations to MAIN STREET RAVENNA INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MAIN STREET RAVENNA 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 RAVENNA 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 RAVENNA INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who are the officers and directors of MAIN STREET RAVENNA INC?
The 990-EZ for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $48,825 (Arasin Hughes, Executive Director).
How much revenue does MAIN STREET RAVENNA INC have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $88,105, expenses of $95,640 and total assets of $42,499 at year end.

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