2024-11-14T11:48:51-06:00 2023-12-31 134260189 BOISSELLE MORTON & WOLKOWICZ LLP 48 BAY ROAD PO BOX 374 HADLEY MA 01035 990 2023-01-01 201834007 UNION SQUARE MAIN STREETS INC UNIO 6179550080 PO BOX ONE SOMERVILLE MA 02143 JESSICA ESHLEMAN EXECUTIVE DIRECTOR 6179550080 2024-11-13 1 1 JOSEPH P WOLKOWICZ CPA P00734754 4135870099 2024-11-08 2023 2024-10-15 13:58:12Z ZACHARY BAUM PO BOX ONE SOMERVILLE MA 02143 920619 0 X WWW.UNIONSQUAREMAIN.ORG X 2004 MA 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. 10 10 8 100 0 0 235940 711938 204485 208681 0 0 0 0 440425 920619 0 0 0 0 345356 383715 0 0 64680 132830 355434 478186 739149 -37761 181470 180086 370415 26537 35396 153549 335019 NEIGHBORHOOD REVITALIZATION AND CHARACTER PRESERVATION THROUGH PROMOTIONAL EVENTS, TECHNICAL ASSISTANCE TO LOCAL SMALL BUSINESSES, FACILITATION OF BUSINESS COLLABORATION AND PROMOTION, AND ENCOURAGEMENT OF NEW BUSINESSES. 0 0 43213 118944 PROMOTION OF A FARMERS MARKET IN UNION SQUARE 44589 76237 FLUFF IS A MADCAP FESTIVAL HONORING THE INVENTION OF MARSHMALLOW FLUFF IN UNION SQUARE AND SOMERVILLE'S PROUD TRADITION OF INNOVATION. 418070 13500 EVENT CREATION AND PLANNING, EVENTS AND CULTURAL OFFERINGS, EMAIL NEWSLETTER AND OTHER COMMUNITY INFORMATION SOURCES. 505872 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X MIKE KATZ 6179550080 PO BOX ONE SOMERVILLE MA 02143 ZACH BAUM PRESIDENT 5.00 X X 0 0 0 PHILIP PARSONS VICE PRESIDENT 2.00 X X 0 0 0 MIKE KATZ CLERK 5.00 X X 0 0 0 JEN PALACIO TREASURER 3.00 X X 0 0 0 JIM MCGINNIS EXECUTIVE COMMITEE AT LARG 2.00 X 0 0 0 DEBBIE MUSNIKOW DIRECTOR 2.00 X 0 0 0 VORAVUT RATANAKOMMON DIRECTOR 1.00 X 0 0 0 LAIDY SEANZ DIRECTOR 2.00 X 0 0 0 JACOB TAYLOR DIRECTOR 1.00 X 0 0 0 MARY CASSESSO DIRECTOR 1.00 X 0 0 0 JESSICA ESHLEMAN EXECUTIVE DIRECTOR 40.00 X 84400 0 8822 84400 0 8822 0 0 0 0 BLOCK BY BLOCK PO BOX 643873 CINCINNATI OH 45264 ARPA PROGRAM CONTRACTOR 170843 1 9725 617120 85093 711938 FARMERS MARKET 900099 118944 118944 FLUFF FEST & HOLIDAY S 900099 89737 89737 208681 920619 208681 0 0 86728 30355 39028 17345 240443 167121 68421 4901 25349 15300 8325 1724 31195 18829 10245 2121 8180 8180 203822 191061 963 11798 88842 37573 27790 23479 12313 7432 4044 837 5131 1055 1601 2475 SNAP MATCH TOKENS 37146 37146 739149 505872 168597 64680 50966 279381 123945 83379 5136 6155 39 1500 180086 370415 14043 15224 12494 20172 26537 35396 X 153549 335019 153549 335019 180086 370415 181470 0 X X 1 X 0 1 0 X 154335 138590 220247 235940 711938 1461050 154335 138590 220247 235940 711938 1461050 1461050 1461050 512491 1.00000 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED FORM 990, PART VI, SECTION A, LINE 6 THE BOARD OF DIRECTORS MAY INCLUDE, AS NON-VOTING MEMBERS, LIAISON(S) WITH THE CITY OF SOMERVILLE AND SUCH OTHER PERSONS AS IT SHALL DETERMINE APPROPRIATE FROM TIME TO TIME. SUCH NON-VOTING MEMBERS SHALL NOT COUNT TOWARDS QUORUM REQUIREMENTS AND SHALL NOT BE ENTITLED TO VOTE WITH RESPECT TO ANY MATTER BEFORE THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT AND BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ANNUALLY COMPLETE THE CONFLICT OF INTEREST DISCLOSURE FORM AND RELATED PARTY QUESTIONNAIRE, WHICH DOCUMENTS DIRECT SERVICES BY A BOARD MEMBER, RELATIVE OR BY AN ENTITY IN WHICH THEY HAVE AN INTEREST. BY RELATIVE, USMS CONSIDERS FAMILY RELATIONSHIPS AS DEFINED BY IRS TO INCLUDE SPOUSE, ANCESTORS, ALL DESCENDENTS, SIBLINGS WHETHER BY WHOLE OR HALF BLOOD, AND THE SPOUSES OF ALL DESCENDENTS AND SIBLINGS. THIS INFORMATION IS CIRCULATED IN WRITING TO ALL BOARD MEMBERS AND UPDATED ANNUALLY. AT THE END OF EACH YEAR, ALL BOARD MEMBERS AND STAFF DOING BUSINESS WITH USMS DISCLOSE THE FULL AMOUNT OF MONEY THEY (OR THE RELATED PARTY) HAVE BEEN PAID. DISCLOSURES ALSO ADDRESS POTENTIAL ISSUES RAISED IF A BOARD MEMBER HAS OR MIGHT ACQUIRE INVESTMENTS THAT MAY AFFECT OR BE AFFECTED BY USMS' INVESTMENT DECISIONS. ANY DECISION COMING BEFORE THE BOARD OF DIRECTORS OR THE EXECUTIVE DIRECTOR THAT INVOLVES DOING BUSINESS WITH A BOARD MEMBER, STAFF PERSON, RELATIVE OR RELATED ENTITY REQUIRES FULL DISCLOSURE OF THE FINANCIAL INTEREST IN THE MATTER. BEFORE USMS ENTERS INTO A BUSINESS RELATIONSHIP WITH A BOARD MEMBER, STAFF PERSON, RELATIVE OR RELATED ENTITY THEREOF, A FULL DISCUSSION OF ALL RELATED INFORMATION MUST BE HELD BY THE BOARD OR EXECUTIVE COMMITTEE AND A VOTE TAKEN TO INSURE THAT IT IS TRULY IN THE BEST INTEREST OF USMS. THE PARTY IN INTEREST ABSTAINS FROM SAID VOTE. IF THE BUSINESS TRANSACTION BETWEEN THE ORGANIZATION AND THE RELATED PARTY IS CONSIDERED SUBSTANTIAL, THE BOARD WILL DECIDE IF IT IS PRUDENT TO OBTAIN AN OUTSIDE EVALUATION TO INSURE THAT THE PROPOSAL IS FEASIBLE. ALL VOTES ON RELATED PARTY TRANSACTIONS MUST RECEIVE A VOTE OF TWO-THIRDS OF THE BOARD MEMBERS PRESENT, EXCLUDING THE PARTY IN INTEREST, AND THERE MUST BE A QUORUM. USMS MAINTAINS FULL DOCUMENTATION OF THE PROCESS IN WHICH THE DECISION WAS MADE FOR ANY RELATED PARTY TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15A THE UNION SQUARE MAIN STREETS, INC BOARD OF DIRECTORS IMPLEMENTED A STRATEGIC SALARY RESTRUCTURING IN 2020 FOLLOWING TWO UNSUCESSFUL HIRING ROUNDS FOR ITS NEWLY CREATED SMALL BUSINESS LIASON POSITION. RESEARCH TO INFORM THE RESTRUCTURE INCLUDED ENGAGING THE CITY OF SOMERVILLE ECONOMIC DEVELOPMENT DIRECTOR WHO HIRES FOR COMPARABLE ROLES IN THE SAME LABOR MARKET AND RESEARCHING JOB POSTINGS FOR THE EXECUTIVE DIRECTOR, SMALL BUSINESS LIASON, AND OTHER ROLES IN FELLOW ECONOMIC DEVELOPMENT ORGANIZATIONS THROUGHOUT THE GREATER BOSTON REGION. THE UNION SQUARE MAIN STREETS, INC BOARD RAISED THE STARTING SMALL BUSINESS LIASON POSITION SALARY 30% (WHICH RESULTED IN A SUCESSFUL HIRING ROUND) AND IMPLEMENTED THE SALARY RESTRUCTURE THROUGHOUT ALL FULL-TIME ROLES IN THE ORGANIZATION TO MAINTAIN EQUITY FOR ALL EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S BOARD OF DIRECTORS ARE RESPONSIBLE FOR OVERSIGHT OF THE AUDIT OR REVIEW OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT AUDITOR OR ACCOUNTANT. THIS PROCESS HAS NOT CHANGED DURING THE REPORTING YEAR.