The Space on Main

Tax-deductible

Bradford, VT501(c)(3)Since 2017Community DevelopmentEIN 81-5147221

It is the mission of The Space on Main Street to foster entrepreneurship, innovation, the arts, education, health, and recreation in order to increase opportunity for personal and collective growth in the Cohase region of Vermont and New Hampshire by providing a creative facility with access to affordable equipment, work spaces, and classes. It is our goal to ensure prosperity of our community by leveraging talent in the region by creating pathways to outside individuals, services, and technologies.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
$19K 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

FY2024 · 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
0 of 2
filings with a surplus
Average deficit $14K a year · 6% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$19K
to officers and key staff · 14% of spending
Top officer’s pay lower than 90% of similar orgs
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Named funders
3
named funders · $37K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
0
of 11 voting members
Concern: none of 11 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$205K
-10% vs prior year
Spent
$132K
To programs
68%
Net assets
$0
By yearFY2021–FY2024
Revenue
$205K
FY2024▼ -10%
Revenue by fiscal year
FY2021$180K
FY2022$182K
FY2023$252K
FY2024$228K
FY2024$205K
Expenses
$132K
FY2024▼ -46%
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023$265K
FY2024$243K
FY2024$132K
Net assets
$0
FY2024▼ -100%
Net assets by fiscal year
FY2021$206K
FY2022$183K
FY2023$143K
FY2024$127K
FY2024$0

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2017.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $89K Management & general 32% · $42K

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

Who runs it and what they're paid

11 people listed on the 990; $19K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$19,000Pt VII · Sec A
$0Pt VII · Sec A
President & CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Monique Priestley’s $19K as Executive Dir. is at the 10th percentile of top reported officer pay among 1709 $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

NameFY2024FY2024FY2023
Monique Priestley$19,000$76,000$76,000

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.

See The Space on Main executive salaries →

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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 15aNo

Programs and updates

Provides a creative space with resources and classes to boost local entrepreneurship, arts, education, and well-being.

Provided by the organization

This section is blank until The Space on Main claims this page.

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1 program service account for $89K of program spending, described in the organization's own filed words · FY2024.
01

Provided accessible workspace to the community of Bradford, VT, and other surrounding towns.

$89Kprogram expense

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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 3 funders$37K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$205K
Ln 12
Gifts and grantsLn 1h$171K
Investment incomeLn 3$34K
Money outPt IX
$132K
Ln 25
Programscol B$89K
Managementcol C$42K
Owns and owesPt X
$0
net assets · Ln 32
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$171K
Government grantsLn 1e$15K
Investment incomeLn 3$34K
Gains on assetsLn 7$34K
Total revenueLn 12$205K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$32K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$113K$0
Total assetsLn 16$144K$0
LiabilitiesLn 26$17K$0
Net assetsLn 32$127K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$5K$5K
Pay of current officers, directors and key staffLn 5$19K$19K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$11K$11K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$750$750
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$3K$3K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$0
Information technologyLn 14$10K$10K
RoyaltiesLn 15$0
OccupancyLn 16$50K$50K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$20$20
InterestLn 20$3K$3K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$11K$11K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$12K$11K$1K
All other expensesLn 24e$2K$765$2K
Total functional expensesLn 25$132K$89K$42K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $228K$243K−$15K$127K 990 PDF
FY2023 $252K$265K−$13K$143K 990 PDF
FY2022 $182K$183K 990 PDF
FY2021 $180K$206K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $204,732 across 10 lines filed
VIII-1b Membership dues$59,862
VIII-1e Government grants$15,000
VIII-1f All other contributions, gifts and grants$96,025
VIII-1h Total contributions, gifts and grants$170,887
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $33,845$33,845
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $33,845$204,732
Part IX · Statement of functional expenses $131,628 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for membersPrograms $5,116$5,116
IX-5 Pay of current officers, directors and key staffManagement $19,000$19,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $10,506$10,506
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $750$750
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $2,793$2,793
IX-12 Advertising and promotionManagement $2,457$2,457
IX-13 Office expenses$0
IX-14 Information technologyPrograms $9,636$9,636
IX-15 Royalties$0
IX-16 OccupancyPrograms $50,127$50,127
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $20$20
IX-20 InterestManagement $3,265$3,265
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $11,131$11,131
IX-23 InsurancePrograms $2,447$2,447
IX-24 Other expenses (24a–d)Programs $10,529 · Management $1,432$11,961
IX-24e All other expensesPrograms $765 · Management $1,654$2,419
IX-25 Total functional expensesPrograms $89,146 · Management $42,482 · Fundraising $0$131,628
Part X · Balance sheet $0 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $31,677$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $112,701$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $144,378$0
X-26 Total liabilitiesStart of year $16,897$0
X-32 Total net assets or fund balancesStart of year $127,481$0
X-33 Total liabilities and net assetsStart of year $144,378$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$204,732
XI-2 Total expenses$131,628
XI-3 Revenue less expenses$73,104
XI-4 Net assets at start of year$127,481
XI-9 Other changes in net assets−$200,585
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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