Union Square Main Streets Inc in Somerville, Massachusetts (MA)
Table of contents:
| Union Square Main Streets Inc | |
| Employer Identification Number (EIN) | 201834007 |
| Name of Organization | Union Square Main Streets Inc |
| In Care of Name | Jack Hamilton |
| Address | 6670 Union Square Suite 103, Somerville, MA 02143 |
| Subsection | Charitable Organization |
| Ruling Date | 08/2007 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $101,179 |
| Amount of Income | $194,061 |
| Form 990 Revenue Amount | $181,627 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $194,061 (it was $164,113 in 2012)
| Union Square Main Streets Inc: | $194,061 |
| Other organizations performing similar types of work: | $135,279 |
Assets in 2013: $101,179 (it was $71,621 in 2012)
| Union Square Main Streets Inc: | $101,179 |
| Other organizations performing similar types of work: | $114,906 |
Expenses in 2013: $167,703
| This organization: | $167,703 |
| Other organizations performing similar types of work: | $121,073 |
Income to expenses ratio in 2013: 1.2
| Union Square Main Streets Inc: | 1.2 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 49.9%
| This organization: | 49.9% |
| Other organizations performing similar types of work: | 8.8% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total revenue | $181,627 | |||
| Contributions, gifts, grants, and similar amounts received | $90,626 | |||
| Program service revenue including government fees and contracts | $74,642 | |||
| Membership dues and assessments | $0 | |||
| Investment income | $0 | |||
| Gain/Loss from sale of assets other than inventory | $0 | |||
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $16,275 | |||
| Gross sales of inventory, less returns and allowances | $28,709 | |||
| Less: cost of goods sold | $12,434 | |||
| Other revenue | $84 | |||
| Total expenses | $167,703 | |||
| Total net assets | $97,109 | |||
| Excess/Deficit for the year | $13,924 | |||
| Net assets or fund balances at beginning of year | $83,185 | |||
| Other changes in net assets or fund balances | $0 | |||
| Net assets or fund balances at end of year | $97,109 | |||
| Balance Sheets | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total assets | $84,915 | $71,621 | $71,621 | $101,179 |
| Total liabilities | $0 | $0 | $0 | $4,070 |
| Net assets or fund balances | $97,109 | |||
| Other Information | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | |||
| Were any significant changes made to the organizing or governing documents? | No | |||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | |||
| Has the organization filed a Form 990-T for the year? | No | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | |||
| Amount of political expenditures, direct or indirect | $0 | |||
| Did the organization file Form 1120-POL for this year? | No | |||
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | |||
| Total amount involved | $0 | |||
| Initiation fees and capital contributions | $0 | |||
| Gross receipts for public use of club facilities | $0 | |||
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | |||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $502,416 |
| Subtotal Support | $502,416 |
| Gifts, grants, contributions, and membership fees received | $502,416 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $502,508 |
| Public Support | $502,416 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $8 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $84 |
| Gross receipts from related activities, etc. | $265,232 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | West River Foundation For Economic And Community Development | PO BOX 605, Sturgis, SD 57785-0605 | SD | 2000-10 | $1,093,865 |
| 2 | Developspringfield Corporation | 1182 Main St, Springfield, MA 01103-2119 | MA | 2010-03 | $1,153,868 |
| 3 | Springfield Business Improvement District Inc | 1441 Main Street, Springfield, MA 01103-1406 | MA | 2000-08 | $904,135 |
| 4 | Palladio Hall Corporation | 56 Warren Street No 200, Roxbury, MA 02119-3236 | MA | 2010-01 | $354,703 |
| 5 | Venture Cafe Foundation Inc | 1 Broadway Fl 14, Cambridge, MA 02142-1187 | MA | 2014-09 | $306,083 |
| 6 | Union Square Main Streets Inc | 6670 Union Square Suite 103, Somerville, MA 02143 | MA | 2007-08 | $194,061 |
| 7 | Newburyport Cleantech Center Inc | 10 Mulliken Way, Newburyport, MA 01950-4020 | MA | 2011-03 | $142,587 |
| 8 | Greater Grove Hall Main Streetscorp | 320 Blue Hill Avenue, Dorchester, MA 02121-1951 | MA | 2009-02 | $60,574 |
| 9 | Identity Commons Inc | 7 Central St Ste 212, Arlington, MA 02476-4816 | MA | 2010-06 | $40,102 |
| 10 | Institute On Higher Awesome Studies Inc | 321 Highland Ave, Somerville, MA 02144-3230 | MA | 2014-06 | $22,074 |
| 11 | Massachusetts Center For Advanced Precision Manufacturing Technolgy Inc | 1441 Main Street, Springfield, MA 01103 | MA | 2011-02 | $18,156 |
| 12 | Project To Restore America Inc | 78d Alderbrook Dr, Topsfield, MA 01983-2314 | MA | 2011-02 | $3,437 |
| 13 | Senai Foundation Inc | 30 Daniels St Apt 304, Malden, MA 02148 | MA | 2004-08 | $2,092 |
| 14 | Massachusetts Nga 2010 Inc | Two Copley Place, Boston, MA 02116-6502 | MA | 2011-01 | $20 |
| 15 | Arochukwu Progressive Association America Inc | 441 Union Street, Lynn, MA 01904 | MA | 2007-05 | $0 |
| 16 | Behwalay Development Association | 304 Main St Ste 301, Worcester, MA 01608-1505 | MA | 2014-10 | $0 |
| 17 | Business Development Resources Corporation | 41 Holden Road, Shirley, MA 01464 | MA | 2010-04 | $0 |
| 18 | E2m Org Inc | Po Box 188, Easthampton, MA 01027 | MA | 2009-01 | $0 |
| 19 | Forest Park Business Association | PO BOX 81098, Springfield, MA 01138 | MA | 2013-04 | $0 |
| 20 | Greater New Bedford Industrial Foundation Development Corporation | 227 Union Street, New Bedford, MA 02740-5960 | MA | 1998-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,253 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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