Mainstreet Hobbs Inc in Hobbs, New Mexico (NM)

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Mainstreet Hobbs Inc
Employer Identification Number (EIN)742843815
Name of OrganizationMainstreet Hobbs Inc
AddressPO BOX 7171, Hobbs, NM 88241-7171
ActivitiesDescribed in section 170(b)1)(a)(vi) of the Code, Other cultural or historical activities, Other activity aimed t combating community deterioration
SubsectionCharitable Organization
Ruling Date10/1998
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$10,000 to $24,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$172,332
Amount of Income$16,950
Form 990 Revenue Amount$15,001
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Community Coalitions


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Amount of income in 2013: $16,950 (it was $51,853 in 2012)
This organization: 

 $16,950
Other organizations performing similar types of work: 

 $54,333

Assets in 2013: $172,332 (it was $168,864 in 2012)
This organization: 

 $172,332
Other organizations performing similar types of work: 

 $24,072

Expenses in 2013: $25,035
Mainstreet Hobbs Inc: 

 $25,035
Other organizations performing similar types of work: 

 $47,939

Income to expenses ratio in 2013: 0.7
Mainstreet Hobbs Inc: 

 0.7
Other organizations performing similar types of work: 

 1.4

Grants share in income in 2013: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 99.8%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$189,518$36,305$15,001
Contributions, gifts, grants, and similar amounts received$157,690$13,750$0
Program service revenue including government fees and contracts$20,165$5,378$0
Membership dues and assessments$5,875$2,700$0
Investment income$728$0$0
Gain/Loss from sale of assets other than inventory$0$633$51
Gross amount from sale of assets other than inventory$0$16,091$2,000
Less: cost or other basis and sales expenses$0$15,548$1,949
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$5,060$13,844$14,950
Total expenses$179,960$65,366$25,035
Total net assets$197,928$168,864$158,830
Excess/Deficit for the year$9,558$-29,061$-10,035
Net assets or fund balances at beginning of year$188,370$197,928$168,865
Other changes in net assets or fund balances$0$-3$0
Net assets or fund balances at end of year$168,864$158,830
Balance Sheets
201120122013
Total assets$198,377$168,864$172,332
Total liabilities$449$0$13,502
Net assets or fund balances$197,928$168,864$158,830
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$394,815
Subtotal Support$394,815
Gifts, grants, contributions, and membership fees received$394,815
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$417,313
Public Support$394,815
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$22,498
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Los Angeles Tourism Marketing District Corporation333 S Hope St Fl 18, Los Angeles, CA 90071-1430CA2011-10$19,755,886
2Contract Services Administration Training Trust Fund2800 Winona Ave, Burbank, CA 91504-2536CA2010-04$18,471,016
3Kentucky Opportunity CoalitionPo Box 6067, Louisville, KY 40206KY2009-02$5,934,998
4Stand Up For California7911 Logan Lane, Penryn, CA 95663CA2005-06$2,848,103
5Street Law Inc1010 Wayne Avenue, Silver Spring, MD 20910-5600MD1997-03$2,372,102
6Organizers In The Land Of Enchantment, Ole411 Bellamah Ave Nw, Albuquerque, NM 87102-1315NM2011-02$462,214
7Re-Visioning New Mexico Inc147 Harvard Dr Se, Albuquerque, NM 87106-3520NM1995-10$257,927
8New Mexico Association Of Community Partners5101 Copper Ave Ne, Albuquerque, NM 87108-5352NM2014-02$140,082
9Roosevelt County Community Development Corporation100 S Avenue A, Portales, NM 88130-5917NM2003-12$96,717
10Mid Valley Air Park Property Owners Association Inc311 Don St Se, Los Lunas, NM 87031-6729NM2009-12$75,586
11Mainstreet Hobbs IncPO BOX 7171, Hobbs, NM 88241-7171NM1998-10$16,950
12World Jubilee IncPo Box 80074, Albuquerque, NM 87198-0074NM2001-05$13,066
13East Mountain Citizens Corp193 Indian Hills Rd, Moriarty, NM 87035NM2014-03$0
14Families4peacePo Box 40062, Albuquerque, NM 87196NM2014-07$0
15Fort Stanton Cave Study Project, Fscsp510 Montego Dr Se, Rio Rancho, NM 87124-3081NM2010-11$0
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18Peppertree Royal Oak Residents AssociationPo Box 20822, Albuquerque, NM 87154-0822NM2013-03$0
19Shared Vision Inc505 Ridgecrest Dr Se, Albuquerque, NM 87108-3392NM1995-08$0
20The Sheriffs Posse Of Santa Fe County3213 Rodeo Road, Santa Fe, NM 87505NM2008-06$0
Number of organizations performing similar types of work
Alaska3
Alabama24
Arkansas11
Arizona24
California229
Colorado31
Connecticut18
District of Columbia14
Delaware8
Florida95
Georgia54
Hawaii9
Iowa24
Idaho17
Illinois54
Indiana26
Kansas19
Kentucky24
Louisiana20
Massachusetts33
Maryland48
Maine16
Michigan55
Minnesota16
Missouri40
Mississippi15
Montana12
North Carolina57
North Dakota5
Nebraska10
New Hampshire9
New Jersey46
New Mexico15
Nevada15
New York97
Ohio46
Oklahoma22
Oregon28
Pennsylvania66
Rhode Island12
South Carolina23
South Dakota4
Tennessee33
Texas117
Utah8
Virginia41
Vermont8
Washington47
Wisconsin28
West Virginia15
Wyoming4
International3
Total1,698

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