Union Square Main Streets INC FY2022 filing

Tax-deductible

Somerville, MA501(c)(3)Community DevelopmentEIN 20-1834007Revenue $440K in FY2022

On file with the IRSunionsquaremain.org366 Somerville Ave, 02143-2919 · Somerville, MATax-exempt since Aug 2007Publicly supported charity — 170(b)(1)(A)(vi)

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Neighborhood revitalization and character preservation through (continued on schedule o) promotional events, technical assistance to local small businesses, facilitation of business collaboration and promotion, and encouragement of new businesses.

501(c)(3) charity; gifts are tax-deductible.
58¢ of each $1 spent went to programs.
$86K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $4K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
58%
of spending
Worth a look: 58% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$86K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $27K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$27K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$440K
+17% vs prior year
Spent
$478K
To programs
58%
Net assets
$154K
By yearFY2020–FY2024
Revenue
$440K
FY2022▲ +17%
Tap a bar for its year
Revenue by fiscal year
FY2020$268K
FY2021$378K
FY2022$440K
FY2023$921K
FY2024$967K
Expenses
$478K
FY2022▲ +33%
Tap a bar for its year
Expenses by fiscal year
FY2020$260K
FY2021$358K
FY2022$478K
FY2023$739K
FY2024$1.1M
Net assets
$154K
FY2022▼ -20%
Tap a bar for its year
Net assets by fiscal year
FY2020$172K
FY2021$191K
FY2022$154K
FY2023$335K
FY2024$183K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

58 cents of each dollar spent went to programs.

Program services 58% · $278K Management & general 26% · $123K Fundraising 16% · $77K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $86K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$86,415Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Executive Commitee at Large
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Jessica Eshleman’s $112K as Executive Director is at the 79th percentile of top reported officer pay among 1708 $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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Revitalizes neighborhoods and preserves character by supporting local businesses and encouraging new ones.

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Provided by the organization

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3 programs · $278K · in their own filed words · FY2022
01

Event creation and planning, events and cultural offerings, email newsletter and other community information sources.

$196Kprogram expense
02

Promotion of a farmers market in union square

$45Kprogram expense
03

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

$37Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

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

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$440K
Ln 12
Gifts and grantsLn 1h$236K
Fees for servicesLn 2g$204K
Money outPt IX
$478K
Ln 25
Programscol B$278K
Managementcol C$123K
Fundraisingcol D$77K
Owns and owesPt X
$154K
net assets · Ln 32
Cash and savingsLn 1–2$51K
Total assetsLn 16$180K
LiabilitiesLn 26$27K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$236K
Government grantsLn 1e$148K
Fees for servicesLn 2g$204K
Total revenueLn 12$440K
Assets in detailPt X, end of year
CashLn 1$51K
Cash and savings togetherLn 1–2$51K
Total assetsLn 16$180K
LiabilitiesLn 26$27K
Net assetsLn 32$154K
OperationsPt I, VI
EmployeesI 55
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$92K$51K
Total assetsLn 16$208K$180K
LiabilitiesLn 26$17K$27K
Net assetsLn 32$191K$154K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$87K$44K$22K$22K
Other salaries and wagesLn 7$206K$153K$45K$7K
Other employee benefitsLn 9$25K$17K$6K$3K
Payroll taxesLn 10$27K$18K$6K$3K
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$20K$1K$3K$16K
Office expensesLn 13$59K$6K$30K$24K
OccupancyLn 16$11K$7K$3K$1K
InsuranceLn 23$5K$827$2K$2K
Other expenses (24a–d)Ln 24$30K$30K
Total functional expensesLn 25$478K$278K$123K$77K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $967K$1.1M−$152K$183K 990 PDF
FY2023 $921K$739K$181K$335K 990 PDF
FY2022 Viewing $440K$478K−$38K$154K 990 PDF
FY2021 $378K$358K$19K$191K 990 PDF
FY2020 $268K$260K$9K$172K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $440,425 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $220,247$235,940
I-9 Program service revenuePrior year $157,341$204,485
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $377,588$440,425
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $262,091$345,356
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $96,236$132,830
I-18 Total expensesPrior year $358,327$478,186
I-19 Revenue less expensesPrior year $19,261−$37,761
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $440,425 across 6 lines filed
VIII-1b Membership dues$10,307
VIII-1e Government grants$147,825
VIII-1f All other contributions, gifts and grants$77,808
VIII-1h Total contributions, gifts and grants$235,940
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $204,485$204,485
VIII-12 Total revenueRelated to mission $204,485 · Unrelated business $0 · Excluded from tax $0$440,425
Part IX · Statement of functional expenses $478,186 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $43,704 · Management $21,852 · Fundraising $21,852$87,408
IX-7 Other salaries and wagesPrograms $153,033 · Management $45,321 · Fundraising $7,183$205,537
IX-9 Other employee benefitsPrograms $17,024 · Management $5,813 · Fundraising $2,512$25,349
IX-10 Payroll taxesPrograms $18,175 · Management $6,205 · Fundraising $2,682$27,062
IX-11c Accounting feesManagement $7,036$7,036
IX-11g Other fees for servicesPrograms $1,231 · Management $2,883 · Fundraising $15,883$19,997
IX-13 Office expensesPrograms $6,050 · Management $29,610 · Fundraising $23,758$59,418
IX-16 OccupancyPrograms $7,389 · Management $2,523 · Fundraising $1,091$11,003
IX-23 InsurancePrograms $827 · Management $1,601 · Fundraising $2,475$4,903
IX-24 Other expenses (24a–d)Programs $30,473$30,473
IX-25 Total functional expensesPrograms $277,906 · Management $122,844 · Fundraising $77,436$478,186
Part X · Balance sheet $180,086 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $92,125$50,966
X-3 Pledges and grants receivableStart of year $107,607$123,945
X-8 Inventories for sale or useStart of year $5,924$5,136
X-9 Prepaid expenses and deferred chargesStart of year $2,205$39
X-16 Total assetsStart of year $207,861$180,086
X-17 Accounts payable and accrued expensesStart of year $5,230$14,043
X-19 Deferred revenueStart of year $11,321$12,494
X-26 Total liabilitiesStart of year $16,551$26,537
X-27 Net assets without donor restrictionsStart of year $191,310$153,549
X-32 Total net assets or fund balancesStart of year $191,310$153,549
X-33 Total liabilities and net assetsStart of year $207,861$180,086
Part XI · Reconciliation of net assets $153,549 net assets at year end
XI-1 Total revenue$440,425
XI-2 Total expenses$478,186
XI-3 Revenue less expenses−$37,761
XI-4 Net assets at start of year$191,310
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$153,549

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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