MAIN STREET TEXARKANA: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: MAIN STREET TEXARKANA (EIN 71-0683066)
Tax period: 2010-01-01 to 2010-12-31
Filed: 2011-08-30
IRS object ID: 201102419349300025
Schema version: 2010v3.4
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule D
Schedule I
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-08-30T16:55:14-05:00	Timestamp
Tax Period End Date	2010-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Webb Smith Cole & Hickey	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	210 North State Line Suite 205	AddressLine1
City	Texarkana	City
State	AR	State
ZIP Code	71854	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2010-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	710683066	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	Main Street Texarkana	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	MAIN	NameControl

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO Box 631	AddressLine1
City	Texarkana	City
State	TX	State
ZIP Code	75504	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	DAVID POTTER	Name
Title	PRESIDENT	Title
Phone	8707742120	Phone
Date Signed	2011-08-09	DateSigned
Authorize Third Party	false	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Jay Hickey	Name
Phone	9038244632	Phone
Date Prepared	2011-08-30	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Gross Receipts	126525	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	N/A	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	2005	YearFormation
State Legal Domicile	TX	StateLegalDomicile
Activity Or Mission Description	PRESERVE DOWNTOWN AREA AS AN ECONOMICAL AND COMMERCIAL CENTER BY BRINGING CULTURE AND BUSINESS ENTERPRISES TO THE AREA	ActivityOrMissionDescription
Nbr Voting Members Governing Body	14	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	14	NbrIndependentVotingMembers
Total Nbr Employees	0	TotalNbrEmployees
Total Gross UBI	-39546	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	140426	ContributionsGrantsPriorYear
Contributions Grants Current Year	109434	ContributionsGrantsCurrentYear
Program Service Revenue CY	0	ProgramServiceRevenueCY
Investment Income Current Year	-39546	InvestmentIncomeCurrentYear
Other Revenue Prior Year	107	OtherRevenuePriorYear
Other Revenue Current Year	1349	OtherRevenueCurrentYear
Total Revenue Prior Year	140533	TotalRevenuePriorYear
Total Revenue Current Year	71237	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	14796	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	6200	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	45640	SalariesEtcPriorYear
Salaries Etc Current Year	28521	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	6151	TotalFundrsngExpCurrentYear
Other Expense Prior Year	71371	OtherExpensePriorYear
Other Expenses Current Year	63393	OtherExpensesCurrentYear
Total Expenses Prior Year	131807	TotalExpensesPriorYear
Total Expenses Current Year	98114	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	8726	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-26877	RevenuesLessExpensesCY
Total Assets BOY	137325	TotalAssetsBOY
Total Assets EOY	135513	TotalAssetsEOY
Total Liabilities BOY	7336	TotalLiabilitiesBOY
Total Liabilities EOY	32401	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	129989	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	103112	NetAssetsOrFundBalancesEOY
Mission Description	PRESERVE DOWNTOWN AREA AS AN ECONOMICAL AND COMMERCIAL CENTER BY BRINGING CULTURE AND BUSINESS ENTERPRISES TO THE AREA	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	42694	Expense
Description	CITY GUIDE PUBLICATION TO PROMOTE TOURISM	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	24992	Expense
Description	PRESERVE DOWNTOWN AREAS AS AN ECONOMICAL AND COMMMERCIAL CENTER BY BRINGING CULTURE AND BUSINESS ENTERPRISE INTO THE AREA	Description

Activity3 Activity3

Field	Value	IRS element (for citing)
Expense	3818	Expense
Description	DOWNTOWN HOLIDAY AND FESTIVAL PROMOTIONS	Description

Field	Value	IRS element (for citing)
Total Program Service Expense	71504	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	true	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	0	NumberOfEmployees
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	14	NbrVotingGoverningBodyMembers
Number Independent Voting Members	14	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	false	ConflictOfInterestPolicy
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	DAVID POTTER	NamePerson
Telephone Number	8707742120	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	PO Box 631	AddressLine1
City	Texarkana	City
State	TX	State
ZIP Code	75504	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (14 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
BETTYE RICHARDSON
DIRECTOR	2.00	X	0	0	0
BEVERLY ROWE
DIRECTOR	2.00	X	0	0	0
DAVID POTTER
PRESIDENT	3.00	X	0	0	0	X
GEORGE DODSON
DIRECTOR	2.00	X	0	0	0
HARVEY WOODS
DIRECTOR	2.00	X	0	0	0
HERB CRUMPTON
DIRECTOR	2.00	X	0	0	0
JOSH MORRISS III
DIRECTOR	2.00	X	0	0	0
MARVIN WILLIAMS
DIRECTOR	2.00	X	0	0	0
MIKE KELLY
DIRECTOR	2.00	X	0	0	0
NITA FRAN HUTCHESON
DIRECTOR	2.00	X	0	0	0	X
RICK WISDOM
DIRECTOR	1.00	X	0	0	0
SANDRA POWELL
DIRECTOR	2.00	X	0	0	0
TERRI HARRELSON
SECRETARY	2.00	X	0	0	0	X
WILL SIMMONS
TREASURER	2.00	X	0	0	0	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	0	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	0	TotalOtherCompensation
Number Individuals GT100 K	0	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Membership Dues	100	MembershipDues
Government Grants	32200	GovernmentGrants
All Other Contributions	77134	AllOtherContributions
Total Contributions	109434	TotalContributions

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Other	12575	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Other	52121	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Other	-39546	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	-39546	TotalRevenueColumn
Unrelated Business Revenue	-39546	UnrelatedBusinessRevenue

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	4516	GrossSalesOfInventory
Cost Of Goods Sold	3167	CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	1349	TotalRevenueColumn
Related Or Exempt Function Income	1349	RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	71237	TotalRevenueColumn
Related Or Exempt Function Income	1349	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	-39546	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	6200	Total
Program Services	6200	ProgramServices

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	24445	Total
Program Services	19084	ProgramServices
Management And General	429	ManagementAndGeneral
Fundraising	4932	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	2949	Total
Management And General	2949	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	1127	Total
Program Services	845	ProgramServices
Management And General	57	ManagementAndGeneral
Fundraising	225	Fundraising

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	6704	Total
Management And General	6704	ManagementAndGeneral

Advertising Advertising

Field	Value	IRS element (for citing)
Total	16076	Total
Program Services	14995	ProgramServices
Management And General	493	ManagementAndGeneral
Fundraising	588	Fundraising

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	2820	Total
Management And General	2820	ManagementAndGeneral

Travel Travel

Field	Value	IRS element (for citing)
Total	429	Total
Management And General	429	ManagementAndGeneral

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	2031	Total
Program Services	1523	ProgramServices
Management And General	102	ManagementAndGeneral
Fundraising	406	Fundraising

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	267	Total
Management And General	267	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	2424	Total
Management And General	2424	ManagementAndGeneral

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
CITY GUIDE EXPENSE	27698	27698
SPECIAL EVENTS AND PROJECTS	126		126
ADMINISTRATIVE	1455	1159	296
TELPEHONE	2563		2563
MOVING EXPENSE	800		800

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	98114	Total
Program Services	71504	ProgramServices
Management And General	20459	ManagementAndGeneral
Fundraising	6151	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	60992	BOY
EOY	120600	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	2665	BOY
EOY	14480	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	650	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	217	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	73666	BOY
EOY	433	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	2	BOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	137325	BOY
EOY	135513	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
EOY	25668	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	7336	BOY
EOY	6733	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	7336	BOY
EOY	32401	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	129989	BOY
EOY	103112	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	129989	BOY
EOY	103112	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	137325	BOY
EOY	135513	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-26877	ReconcilationRevenueExpenses
Reconcilation Other Changes	0	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	false	FSAudited

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org170b1 Avi	X	PubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	216782	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	135921	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	218745	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	110215	CurrentTaxYearMinus1Year
Current Tax Year	77134	CurrentTaxYear
Total	758797	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	216782	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	135921	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	218745	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	110215	CurrentTaxYearMinus1Year
Current Tax Year	77134	CurrentTaxYear
Total	758797	Total

Field	Value	IRS element (for citing)
Public Support Total170	758797	PublicSupportTotal170
Total Support	758797	TotalSupport
Public Support Pertcentage170	1.00000	PublicSupportPertcentage170
Thirty Three Percnt Tests CY170	X	ThirtyThreePercntTestsCY170

Schedule D IRS990ScheduleD

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	650	OtherCostOrOtherBasis
Depreciation	217	Depreciation
Book Value	433	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	433	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	DEFERRED INSURANCE	Description
Amount	$6,733	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	6733	TotalOfAmounts

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	true	RecordsMaintained
No Grant More Than5000	X	NoGrantMoreThan5000

Form990 Schedule I Part III Form990ScheduleIPartIII

Field	Value	IRS element (for citing)
Type Of Grant	BUILDING RENOVATION GRANTS	TypeOfGrant
Number Of Recipients	3	NumberOfRecipients

Form990 Schedule I Part IV Form990ScheduleIPartIV

Field	Value	IRS element (for citing)
Identifier	Monitoring procedures (Part I, line 2)	Identifier
Explanation	THE ORGANIZATION MAINTAINS ADEQUATE RECORDS FOR THE SUBSTANTIATION OF GRANTS IN RECORDKEEPING	Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (2 entries)

IdentifierIdentifier	ExplanationExplanation
01. Form 990 governing body review (Part VI, line 11)	TAX RETURN REVIEWED BY THE APPROPRIATE OFFICERS AND PRESENTED TO THE BOARD OF DIRECTORS AT THEIR REGULAR MEETING
02. Governing documents, etc, available to public (Part VI, line 19)	DOCUMENTS WILL BE MADE AVAILABLE UPON REQUEST