Nonprofit · EIN 87-2884829
INDIANOLA DOWNTOWN MERCHANTS
Tax-exempt · INDIANOLA, IA 50125
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $132,721 | $127,835 | $4,886 | $112,176 | $4,115 | $108,061 |
| December 31, 2024 | 990-EZ | $108,028 | $16,994 | $91,034 | $103,175 | – | $103,175 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $47,251
- Net income from fundraising events
- $85,470
Expenses
- Grants and similar amounts paid
- $59,675
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $54,220
- Professional fees and payments to contractors
- $1,225
- Other expenses
- $12,715
- Program services (functional)
- $68,160
Balance sheet and other
- Total assets, start of year
- $103,175
- Total assets, end of year
- $112,176
- Total liabilities, end of year
- $4,115
- Net assets, end of year
- $108,061
- Cash, savings and investments
- $109,322
- Gross receipts
- $176,944
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JENNY BAUER | Treasurer | 12 | $0 |
| BARRY GREEN | President | 8 | $0 |
| KATHY MAGRUDER | Secretary | 2 | $0 |
| LESLIE HELD | Vice President | 10 | $0 |
| ERICA ROBERTS | Executive Dir. | 1 | $0 |
990-EZ for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JENNY BAUER | Treasurer | 1 | $0 |
| BARRY GREEN | President | 1 | $0 |
| KATHY MAGRUDER | Secretary | 1 | $0 |
| SARAH MORTON | Director | 1 | $0 |
| LESLIE HELD | Vice President | 1 | $0 |
| AARON YOUNG | Director | 1 | $0 |
| JAMIE PARROTT | Director | 1 | $0 |
| ANDREA PALMER | Director | 1 | $0 |
| RYAN WILLIAMS | Director | 1 | $0 |
| DAWN BARNES | Director | 1 | $0 |
| STEVE RICHARDSON | Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 120 N HOWARD ST, INDIANOLA, IA 50125-2510
- In care of
- % JENNY BAUER
- Mailing address (990-N for 2023)
- 120 N Howard St, Indianola IA 50125
- Principal officer (990-N for 2023)
- Erica Roberts, 113 East Salem Ave Suite 106, Indianola IA 50125
- Signed the 990-EZ
- JENNY BAUER, Treasurer
- Phone
- (910) 581-3547
- Return prepared by
- Accounting Associates of Indianola
Mission
Indianola Main Street is a united effort of businesses, leaders, and community members to revitalize the old, promote the new, and continue to craft unique experiences that reflect the spirit of Indianola. By focusing on growth, opportunity and the collaboration with community partners, it fosters success, drives innovation and ensures that our downtown remains a thriving destination.
Program accomplishments
- Indianola Main Street is a united effort of businesses, leaders, and community members to revitalize the old, promote the new, and continue to craft unique experiences that reflect the spirit of Indianola. By focusing on growth, opportunity and the collaboration with community partners, it fosters success, drives innovation and ensures that our downtown remains a thriving destination.Expenses $68,160 · grants $59,675
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 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 87-2884829
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $112,176
- Income (IRS master file)
- $176,944
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $132,721 | $127,835 | $112,176 | XML |
| 990-T | December 2025 | – | – | – | IRS |
| 990-EZ | December 2024 | $108,028 | $16,994 | $103,175 | XML |
| 990-N for 2023 Officer: Erica Roberts | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: Jenny Bauer | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
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 87-2884829).
Questions about INDIANOLA DOWNTOWN MERCHANTS
- What is the EIN of INDIANOLA DOWNTOWN MERCHANTS?
- The employer identification number (EIN) of INDIANOLA DOWNTOWN MERCHANTS is 87-2884829.
- Is INDIANOLA DOWNTOWN MERCHANTS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to INDIANOLA DOWNTOWN MERCHANTS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INDIANOLA DOWNTOWN MERCHANTS 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 INDIANOLA DOWNTOWN MERCHANTS 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 INDIANOLA DOWNTOWN MERCHANTS last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of INDIANOLA DOWNTOWN MERCHANTS?
- The 990-N for 2023 names Erica Roberts.
- Who are the officers and directors of INDIANOLA DOWNTOWN MERCHANTS?
- The 990-EZ for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does INDIANOLA DOWNTOWN MERCHANTS have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $132,721, expenses of $127,835 and total assets of $112,176 at year end.
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