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Filing year 2024

MAIN STREET GLOUCESTER PRESERVATION TRUST

Gloucester, Virginia·EIN 20-2744649·NTEE S20 · Community Improvement & Capacity Building·4
Total revenue
$344k
Total assets
$3.9M
Total expenses
$372k
Reported officers
15
Mission

THE MAIN STREET GLOUCESTER PRESERVATION TRUST IS A CHARITABLE TRUST ESTABLISHED FEBRUARY 1, 2005 FOR THE PURPOSE OF MAINTAINING, AND PRESERVING MAIN STREET CENTER FOR THE BENEFIT OF THE COMMUNITY OF GLOUCESTER, VIRGINIA. THE TRUST'S SPECIFIC PURPOSES INCLUDE (A) MAINTAINING AND IMPROVING THE LAND AND STRUCTURES COMPRISING MAIN STREET CENTER, (B) ENHANCING THE BUSINESS AND ECONOMIC ENVIRONMENT OF MAIN STREET IN GLOUCESTER, VIRGINIA, (C) PRESERVING HISTORICAL LANDMARKS IN THE GLOUCESTER COURTHOUSE AREA, (D) PROMOTING CIVIC AND CULTURAL ACTIVITIES IN GLOUCESTER COUNTY, VA AND (E) OTHER PURPOSES NECESSARY OR ADVISABLE TO CARRY OUT THE GENERAL PURPOSES OF ATTRACTING NEW AND ADDITIONAL BUSINESS TO MAIN STREET GLOUCESTER, VIRGINIA AND PRESERVING MAIN STREET CENTER.

Executive compensation

Form 990 · Schedule J · 2 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations in Virginia.

Executive Director
10th to 25th percentile
$54k
$57k
Executive Director
Below 10th percentile
$18k
$19k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 13 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at MAIN STREET GLOUCESTER PRESERVATION TRUST equaled 14% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2024)
14%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,143 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Down 8%
from 2023

From $59k in 2023 to $54k in 2024.

$59k
2023
$54k
2024
In today's dollarsEst.
Down 11% in real terms$64k to $57k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 8% from 2023 to 2024, while revenue rose 568%.

$59k in 2023 to $54k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about MAIN STREET GLOUCESTER PRESERVATION TRUST

What does the Chief Executive Officer of MAIN STREET GLOUCESTER PRESERVATION TRUST earn?

In 2024, the Chief Executive Officer of MAIN STREET GLOUCESTER PRESERVATION TRUST received $53,872 in total compensation. This pay is in the bottom quarter for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in Virginia, above the lowest 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MAIN STREET GLOUCESTER PRESERVATION TRUST compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in Virginia, the 2024 pay of the Chief Executive Officer at MAIN STREET GLOUCESTER PRESERVATION TRUST falls between the 10th and 25th percentiles. In 2024, the highest total compensation at MAIN STREET GLOUCESTER PRESERVATION TRUST equaled 14% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are MAIN STREET GLOUCESTER PRESERVATION TRUST's revenue and expenses?

In 2024, MAIN STREET GLOUCESTER PRESERVATION TRUST reported $344k in total revenue and $372k in total expenses on its IRS Form 990.

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