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Nonprofit · EIN 20-3406778

MAIN STREET OF STERLING INC

Tax-exempt · STERLING, IL 61081

Financials

$445K$258K2023$358K$333K2024$308K$309K2025
Revenue Expenses · by fiscal year end
Financials of MAIN STREET OF STERLING INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$307,950$308,572-$622$622,371$8,678$613,693
December 31, 2024990$358,284$333,133$25,151$620,023$5,708$614,315
December 31, 2023990$444,975$257,978$186,997$595,581$6,405$589,176
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$224,710
Program service revenue
$478
Investment income
$1,429
Net income from fundraising events
$49,534
Other revenue
$81,333

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$76,850
Other salaries and wages
$44,790
Salaries, compensation and benefits (total)
$134,498
Professional fundraising fees
$0
Accounting fees
$6,725
Occupancy
$62,520
Travel
$1,898
Depreciation
$16,408
Program services (functional)
$226,160
Management and general (functional)
$82,412

Balance sheet and other

Total assets, start of year
$620,023
Total assets, end of year
$622,371
Total liabilities, end of year
$8,678
Net assets, end of year
$613,693
Land, buildings and equipment
$501,045
Net assets without donor restrictions
$613,693
Gross receipts
$326,608
Employees
4
State of legal domicile
IL

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
JANNA GROHARINGEXECUTIVE DI
Officer
40$76,850
TYGEN BAUSMANDIRECTOR
Trustee or director
1$0
BRIAN CARRADUSVICE PRESIDE
Trustee or director
1$0
BRANDI CROSSDIRECTOR
Trustee or director
1$0
MICKI DETTMANDIRECTOR
Trustee or director
1$0
ROBIN DUNCANPRESIDENT
Trustee or director
1$0
JODIE GAFFEYDIRECTOR
Trustee or director
1$0
ANNA GARCIADIRECTOR
Trustee or director
1$0
ERYN PEARLMANDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2024: 9 people
NameTitleHours / weekCompensation
JANNA GROHARINGEXECUTIVE DI
Officer
40$76,850
BRIAN CARRADUSVICE PRESIDE
Trustee or director
1$0
BRANDI CROSSDIRECTOR
Trustee or director
1$0
MICKI DETTMANDIRECTOR
Trustee or director
1$0
ROBIN DUNCANPRESIDENT
Trustee or director
1$0
KAITLYN EKQUISTDIRECTOR
Trustee or director
1$0
JODIE GAFFEYDIRECTOR
Trustee or director
1$0
ANNA GARCIADIRECTOR
Trustee or director
1$0
MIKE SPRAGUESECRETARY
Trustee or director
1$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensation
JANNA GROHARINGEXECUTIVE DI
Officer
40$74,840
JOE BRIGHTDIRECTOR
Trustee or director
1$0
JON BYARTREASURER
Trustee or director, Officer
1$0
BRIAN CARRADUSDIRECTOR
Trustee or director
1$0
MICKI DETTMANDIRECTOR
Trustee or director
1$0
ROBIN DUNCANDIRECTOR
Trustee or director
1$0
JODIE GAFFEYDIRECTOR
Trustee or director
1$0
ANNA GARCIADIRECTOR
Trustee or director
1$0
BRIAN GRUMMERTPAST PRESIDE
Trustee or director, Officer
1$0
NICK LAREAUINTERIM-PRES
Trustee or director, Officer
1$0
MIKE SPRAGUESECRETARY
Trustee or director
1$0

Address and contacts

Address (IRS master file)
15 E 3RD ST, STERLING, IL 61081-3614
In care of
% EDSON COX
Principal officer (990 for 2025)
ROBIN DUNCAN, 908 4TH AVE, STERLING, IL 61081
Signed the 990
ROBIN DUNCAN, PRESIDENT
Phone
(815) 626-8610
Return prepared by
MCFALLS BERGE & ASSOCIATES PLLC

Mission

PROMOTION OF CENTRAL BUSINESS DISTRICT

990 for the year ended December 31, 2025

Program accomplishments

  • PROMOTION OF STERLING'S CENTRAL BUSINESS DISTRICT THROUGH SUPPORTING THE EFFORTS OF RETAILERS, PROMOTION OF TOURISM, PRESERVATION OF HISTORICALLY SIGNIFICANT BUILDING
    Expenses $215,796
  • PROMOTION OF STERLING'S CENTRAL BUSINESS DISTRICT THROUGH SUPPORTING THE EFFORTS OF RETAILERS, PROMOTION OF TOURISM, PRESERVATION OF HISTORICALLY SIGNIFICANT BUILDING
    Expenses $10,364

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, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
20-3406778
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
2006
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$622,371
Income (IRS master file)
$326,608

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$307,950$308,572$622,371XML
990December 2024$358,284$333,133$620,023XML
990December 2023$444,975$257,978$595,581XML
990December 2022$417,760$241,455$407,926IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 20-3406778).

Questions about MAIN STREET OF STERLING INC

What is the EIN of MAIN STREET OF STERLING INC?
The employer identification number (EIN) of MAIN STREET OF STERLING INC is 20-3406778.
Is MAIN STREET OF STERLING INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
Are donations to MAIN STREET OF STERLING INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MAIN STREET OF STERLING 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 OF STERLING INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MAIN STREET OF STERLING INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of MAIN STREET OF STERLING INC?
The 990 for the year ended December 31, 2025 names ROBIN DUNCAN.
Who are the officers and directors of MAIN STREET OF STERLING INC?
The 990 for the year ended December 31, 2025 lists 9 people; 1 received compensation from the organization, the highest $76,850 (JANNA GROHARING, EXECUTIVE DI).
How much revenue does MAIN STREET OF STERLING INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $307,950, expenses of $308,572 and total assets of $622,371 at year end.

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