Union Square Main Streets INC EIN 20-1834007 Form 990 (PDF) Claim this org

Union Square Main Streets INC

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Revitalizes neighborhoods and preserves character by supporting local businesses and encouraging new ones. For fiscal year 2024 it reported $967K in revenue, $1.1M in expenses, and $183K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Somerville, MA
Website
www.unionsquaremain.org
Filings
5 on file (2020–2024)
Revenue
$967KFY2024
Expenses
$1.1M
Net assets
$183K
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-1834007 Public charity (501(c)(3)) Somerville, MA
Form 990 (PDF)
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Size
$100K–1M
What they do
Revitalizes neighborhoods and preserves character by supporting local businesses and encouraging new ones.
Leadership
Jessica Eshleman · Executive Director · $112K
Money in and out
$967K revenue, $1.1M expenses
Bottom line
78% program efficiency
Where the money goes · FY2024
Total revenue
$967K
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$183K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$152K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.14 Fundraising $0.08
Program efficiency
78%
of spending reaches programs▲ +13% vs prior filing year
Operating runway
1.4mo
months of highly liquid reserves at operating expense rate▼ -69% vs prior filing year
Surplus margin
-16%
revenue over expenses, this year▼ -180% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$967K
FY2024▲ +5%
Expenses
$1.1M
FY2024▲ +51%
Total assets
$220K
FY2024▼ -41%
Total liabilities
$37K
FY2024▲ +5%
Total revenue
$967K
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$183K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$152K
Total assetsPt X · Ln 16$220K
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

3 program services account for $868K of program spending, described in the organization's own filed words · FY2024.
01

Event creation and planning, events and cultural offerings, email newsletter and other community information sources. Usms completed its american rescue plan act funded keeping small strong pilot in december 2024.

$785Kprogram expense
02

Promotion of a farmers market in union square

$50Kprogram expense
03

Fluff is a madcap festival honoring the invention of marshmallow fluff in union square and somerville's proud tradition of innovation.

$33Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CUnion Square Main Streets INC
EINHdr · item D20-1834007
Principal addressHdr · item CSomerville, MA
WebsiteHdr · item Jwww.unionsquaremain.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFAug 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$112,471Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Commitee at Larg
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A

Jessica Eshleman’s $112K as Executive Director is at the 79th percentile of top reported officer pay among 1710 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jessica Eshleman$112,471$84,400$86,415$107,935$79,962

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$788K · 81%
Program service revenue$179K · 19%
Contributions & grants81%$788K
Program service revenue19%$179K
— government grantsLn 1e$652K
Total revenueLn 12$967K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.14 Fundraising $0.08
Program services78%$868K
Management & general14%$157K
Fundraising8%$94K
Total functional expensesLn 25$1.1M

Balance Sheet

Part X · end of year
CashLn 1$130K
Total assetsLn 16$220K
Total liabilitiesLn 26$37K
Total net assetsLn 32$183K
Months of cash on handcomputed1.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $130K · Operating expenses/yr $1.1M
1.4 months
Where the money goes
Program services
Program services $868K · Total expenses $1.1M
78%
Management & General
Management & general $157K · Total expenses $1.1M
14%
Fundraising
Fundraising $94K · Total expenses $1.1M
8%
Cost to raise $1
Fundraising expense (3-yr avg) $79K · Solicited contributions (3-yr avg) $106K
$0.74 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $788K · Total revenue $967K
81%
Government reliance
Government grants $652K · Total revenue $967K
67%
Earned-income share
Program service revenue $179K · Total revenue $967K
19%
Investment reliance
Investment income $0 · Total revenue $967K
0%
Program self-sufficiency
Program service revenue $179K · Total expenses $1.1M
16%
Growth & trend
Revenue growth (YoY)
This year $967K · Prior year $921K
+5%
Revenue CAGR
FY2020 $268K · FY2024 $967K
+38%
Net-asset trend (YoY)
End of year $183K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $967K · Expenses $1.1M
-16%
Liabilities-to-Assets
Total liabilities — · Total assets $220K
Net-asset ratio
Net assets $183K · Total assets $220K
83%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $220K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jessica Eshleman · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $112K · Total expenses $1.1M
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $423K · Total expenses $1.1M
38%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 14%
Fundraising cost ratio 12%
Revenue growth 5%
Accounting fee ratio 0.6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$27K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$967K revenue · viewing · ⤓ 990 PDF
FY2023$921K revenue · ⤓ 990 PDF
FY2022$440K revenue · ⤓ 990 PDF
FY2021$378K revenue · ⤓ 990 PDF
FY2020$268K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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