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.
18¢ of each $1 spent went to programs.
$76K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average surplus $15K a year · 6% of revenue · last 3 filings
Worth a look: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
18%
of spending
Concern: 18% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$76K
to officers and key staff · 31% of spending
Concern: pay to officers and key staff is 31% of spending; over 30%.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $37K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$17K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
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
$228K
-9% vs prior year
Spent
$243K
To programs
18%
Net assets
$127K
By yearFY2021–FY2025
Revenue
$228K
FY2024▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2021$180K
FY2022$182K
FY2023$252K
FY2024$228K
FY2025$205K
Expenses
$243K
FY2024▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023$265K
FY2024$243K
FY2025$132K
Net assets
$127K
FY2024▼ -11%
Tap a bar for its year
Net assets by fiscal year
FY2021$206K
FY2022$183K
FY2023$143K
FY2024$127K
FY2025$0

From the FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2017.

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

Where the money goes

18 cents of each dollar spent went to programs.

Program services 18% · $45K Management & general 82% · $199K

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; $76K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Dir.
$76,000Pt VII · Sec A
$0Pt VII · Sec A
Director
$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

NameFY2025FY2024FY2023
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.

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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.

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Provided by the organization

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1 program · $45K · in their own filed words · FY2023
01

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

$45Kprogram 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 3 funders$37K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$228K
Ln 12
Gifts and grantsLn 1h$215K
Fees for servicesLn 2g$13K
Money outPt IX
$243K
Ln 25
Programscol B$45K
Managementcol C$199K
Owns and owesPt X
$127K
net assets · Ln 32
Cash and savingsLn 1–2$32K
Total assetsLn 16$144K
LiabilitiesLn 26$17K
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$215K
Government grantsLn 1e$96K
Fees for servicesLn 2g$13K
Gains on assetsLn 7$0
Total revenueLn 12$228K
Assets in detailPt X, end of year
CashLn 1$32K
SavingsLn 2$0
Cash and savings togetherLn 1–2$32K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$113K
Other assetsLn 15$0
Total assetsLn 16$144K
LiabilitiesLn 26$17K
Net assetsLn 32$127K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
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$30K$32K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$136K$113K
Total assetsLn 16$166K$144K
LiabilitiesLn 26$23K$17K
Net assetsLn 32$143K$127K
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$13K$13K
Pay of current officers, directors and key staffLn 5$76K$76K
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$5K$5K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$644$644
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$6K$50$6K
Advertising and promotionLn 12$4K$367$4K
Office expensesLn 13$9K$9K
Information technologyLn 14$17K$17K
RoyaltiesLn 15$0
OccupancyLn 16$40K$40K
TravelLn 17$5K$4K$180
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$100$100
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$23K$23K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$30K$23K$7K
All other expensesLn 24e$11K$3K$8K
Total functional expensesLn 25$243K$45K$199K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $205K$132K$73K$0 990 PDF
FY2024 Viewing $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 R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $227,823 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $225,750$215,162
I-9 Program service revenuePrior year $25,799$12,661
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $251,549$227,823
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to membersPrior year $10,282$13,314
I-15 Salaries and benefitsPrior year $84,371$81,323
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $170,340$148,682
I-18 Total expensesPrior year $264,993$243,319
I-19 Revenue less expensesPrior year −$13,444−$15,496
Part VI · Governance 0 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $227,823 across 11 lines filed
VIII-1b Membership dues$78,076
VIII-1e Government grants$96,500
VIII-1f All other contributions, gifts and grants$40,586
VIII-1h Total contributions, gifts and grants$215,162
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,661$12,661
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 assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $12,661$227,823
Part IX · Statement of functional expenses $243,319 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 $13,314$13,314
IX-5 Pay of current officers, directors and key staffManagement $76,000$76,000
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 taxesManagement $5,323$5,323
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $644$644
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $50 · Management $6,435$6,485
IX-12 Advertising and promotionPrograms $367 · Management $3,625$3,992
IX-13 Office expensesManagement $9,201$9,201
IX-14 Information technologyManagement $16,675$16,675
IX-15 Royalties$0
IX-16 OccupancyManagement $40,285$40,285
IX-17 TravelPrograms $4,363 · Management $180$4,543
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $100$100
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $22,826$22,826
IX-23 InsuranceManagement $2,440$2,440
IX-24 Other expenses (24a–d)Programs $23,325 · Management $7,130$30,455
IX-24e All other expensesPrograms $3,397 · Management $7,639$11,036
IX-25 Total functional expensesPrograms $44,816 · Management $198,503 · Fundraising $0$243,319
Part X · Balance sheet $144,378 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $30,347$31,677
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 $135,527$112,701
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 $165,874$144,378
X-25 Other liabilitiesStart of year $22,897$16,897
X-26 Total liabilitiesStart of year $22,897$16,897
X-27 Net assets without donor restrictionsStart of year $142,977$127,481
X-32 Total net assets or fund balancesStart of year $142,977$127,481
X-33 Total liabilities and net assetsStart of year $165,874$144,378
Part XI · Reconciliation of net assets $127,481 net assets at year end
XI-1 Total revenue$227,823
XI-2 Total expenses$243,319
XI-3 Revenue less expenses−$15,496
XI-4 Net assets at start of year$142,977
XI-10 Net assets at end of year$127,481

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

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