East Somerville Main Street Inc
- Assets
- $180.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Somerville, MA
- Founding
- 09/2009
- Data as of
- 06/2023
- EIN
- 20-8072173
Organization Overview
East Somerville Main Street Inc is located in Somerville, MA. The organization was established in 2009. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Somerville Main Street Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, East Somerville Main Street Inc generated $177.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $173.4k during the year ending 06/2023. While expenses have increased by 4.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO HELP BUILD EAST SOMERVILLE AS A THRIVING, SAFE, FRIENDLY NEIGHBORHOOD AND COMMERCIAL DISTRICT THAT WELCOMES CULTURAL DIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Devon Moos President | 0 | $0 | |
Katharine Milton Vice President | 0 | $0 | |
Nicholas Bailey Treasurer | 0 | $0 | |
Amy Horton Clerk | 0 | $0 | |
Melinda Izsak Director | 0 | $0 | |
Christina Ciampa Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $157,264 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $20,408 |
| Total Revenue | $177,672 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $99,078 |
| Professional fees and other payments to independent contractors | $8,858 |
| Occupancy, rent, utilities, and maintenance | $11,000 |
| Printing, publications, postage, and shipping | $3,036 |
| Other expenses | $51,470 |
| Total expenses | $173,442 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $180,714 |
| Other assets | $0 |
| Total assets | $180,714 |
| Total liabilities | $0 |
| Net assets or fund balances | $180,714 |