OYSTER BAY MAIN STREET ASSOCIATION

EIN: 113623349 501(c)(3) Community Improvement

Oyster Bay, NY

Total Revenue
$425,779
Total Expenses
$517,606
Total Assets
$113,356
Net Assets
$54,876
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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
NY
Principal Officer
Jacqueline Cipolla
Phone
5169226982
Tax Period
2024-09-01 to 2025-08-31

OYSTER BAY MAIN STREET ASSOCIATION, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $426K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $518K exceeded revenue, resulting in a 22% operating deficit.

Mission

The Oyster Bay Main Street Association is a non-profit organization dedicated to creating a healthy economy in an attractive hamlet, while maintaining the downtown's historic integrity. We engage the public and private sectors to revitalize the heart of Oyster Bay through responsible preservation, beautification, community events, educational outreach, and business development.

Program Service Accomplishments

Program 1
Expenses: $56,860 Revenue: $41,689

Streetscape Improvements: The organization is dedicated to creating inviting public spaces. To achieve this, they hired a landscaping company to come to the downtown every two weeks to clean the...

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Streetscape Improvements: The organization is dedicated to creating inviting public spaces. To achieve this, they hired a landscaping company to come to the downtown every two weeks to clean the sidewalks and streets during the peak visitor season from April through early December. They have also made investments into local public spaces by purchasing new tables and chairs to create an outdoor dining area open to the public.

Program 2
Expenses: $77,632 Revenue: $10,614

Seasonal Decorations- The organization decorated the lamp posts of the downtown business district with 168 hanging baskets in the summer and 168 wreaths in the winter. The organization also purchases...

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Seasonal Decorations- The organization decorated the lamp posts of the downtown business district with 168 hanging baskets in the summer and 168 wreaths in the winter. The organization also purchases the holiday decorations and Christmas Tree in the center of the downtown. OBMSA installs and maintains all decorations.

Program 3
Expenses: $14,544 Revenue: $23,723

Community Events-Throughout the year OBMSA organizes free events in the downtown to help foster a sense of community, bring people together, and encourage our members to shop local. We host a variety...

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Community Events-Throughout the year OBMSA organizes free events in the downtown to help foster a sense of community, bring people together, and encourage our members to shop local. We host a variety of events, including: The Oyster Bay MarkeDancing in the Street, Boo-tiques By the Bay, and the Holiday Stroll and Tree Lighting.t,

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $344,061
Program Service Revenue $22,869
Investment Income $16
Other Revenue $58,833
TOTAL REVENUE $425,779

Expense Breakdown

Grants Paid $0
Salaries & Benefits $197,861
Fundraising Expenses $60,516
Program Expenses $364,433
Other Expenses $319,745
TOTAL EXPENSES $517,606

Year-over-Year Comparison

2024 2023 Change
Revenue $425,779 $389,082 +0.1%
Expenses $517,606 $443,727 +0.2%
Net Income $-91,827 $-54,645 +0.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
8
Volunteers
20

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$79,000
Total Directors
16
$79,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Meredith Maus Executive Director terminated Jan 2025 40
Officer Director
$79,000 $0 $79,000
Jaqueline Cipolla Executive Director as of Jan 2025 40
Officer Director
$0 $0 $0
Sandra Coudert Graham President 8
Officer Director
$0 $0 $0
John Bonifacio Vice President 6
Officer Director
$0 $0 $0
Megan Pearson Urdea Treasurer 3
Officer Director
$0 $0 $0
Frank Soler Secretary 3
Officer Director
$0 $0 $0
Claude Bahnik Director 2
Director
$0 $0 $0
Henry Clark Director 2
Director
$0 $0 $0
Mario Gallo Director 4
Director
$0 $0 $0
Janine Lizza Director 2
Director
$0 $0 $0
Richard McKean Director 4
Director
$0 $0 $0
Diane Meltzer Director 2
Director
$0 $0 $0
Alexis Pagano Director 2
Director
$0 $0 $0
Thomas Milana Director 3
Director
$0 $0 $0
Tracy Clennon Director 1
Director
$0 $0 $0
Rita Tully Director 3
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $425,779 $517,606 $113,356 $-91,827
2024 $389,082 $443,727 $233,639 $-54,645
2023 $313,185 $239,261 $277,290 $73,924
2022 $178,162 $227,841 $138,818 $-49,679
2021 $193,539 $173,340 $180,410 $20,199
2020 $208,433 $209,594 $177,833 $-1,161
2019 $180,600 $176,158 $162,865 $4,442
2018 $299,671 $276,469 $160,503 $23,202
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