Nonprofit · EIN 84-2076384
CENTRAL SQUARE BUSINESS IMPROVEMENT DISTRICT INC
Tax-exempt · CAMBRIDGE, MA 02139
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,454,997 | $3,373,329 | $81,668 | $3,217,205 | $3,191,565 | $25,640 |
| June 30, 2024 | 990 | $3,008,970 | $3,231,674 | -$222,704 | $1,358,617 | $1,414,645 | -$56,028 |
| June 30, 2023 | 990 | $2,561,839 | $2,643,218 | -$81,379 | $983,625 | $816,949 | $166,676 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,996,356
- of which government grants
- $1,914,764
- Program service revenue
- $1,398,577
- Investment income
- $0
- Net income from fundraising events
- $60,064
- Other revenue
- $60,064
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $210,000
- Other salaries and wages
- $248,077
- Salaries, compensation and benefits (total)
- $583,872
- Professional fundraising fees
- $0
- Legal fees
- $7,143
- Accounting fees
- $44,138
- Occupancy
- $479,588
- Travel
- $44,939
- Depreciation
- $8,992
- Program services (functional)
- $2,534,333
- Management and general (functional)
- $656,236
- Fundraising (functional)
- $182,760
Balance sheet and other
- Total assets, start of year
- $1,358,617
- Total assets, end of year
- $3,217,205
- Total liabilities, end of year
- $3,191,565
- Net assets, end of year
- $25,640
- Land, buildings and equipment
- $206,996
- Net assets without donor restrictions
- $25,640
- Gross receipts
- $3,454,997
- Employees
- 6
- Volunteers
- 15
- Year formed
- 2019
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL S MONESTIME | PRESIDENT Officer | 40 | $210,000 |
| KENNETH S BARRON | CHAIRMAN Trustee or director, Officer | 5 | $0 |
| PATRICK BARRETT | TREASURER Trustee or director, Officer | 5 | $0 |
| CHRISTINA ABELE | DIRECTOR Trustee or director | 1 | $0 |
| PETER DIMURO | DIRECTOR Trustee or director | 1 | $0 |
| JOSHUA GERBER | DIRECTOR Trustee or director | 1 | $0 |
| JACQUELINE LEVINE | DIRECTOR Trustee or director | 1 | $0 |
| MORRIS NAGGAR | DIRECTOR Trustee or director | 1 | $0 |
| GEETA PRADHAN | DIRECTOR Trustee or director | 1 | $0 |
| STUART PRATT | DIRECTOR Trustee or director | 1 | $0 |
| REV ELLIS WASHINGTON | DIRECTOR Trustee or director | 1 | $0 |
| CHERYL WATSON | DIRECTOR Trustee or director | 1 | $0 |
| MARK ORENT | DIRECTOR Trustee or director | 1 | $0 |
| TONY CLERK | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTINE ELOW | DIRECTOR Trustee or director | 1 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SEAN HOPE | DIRECTOR Trustee or director | 1 | $0 |
| SHAUNA REYBURN | DIRECTOR Trustee or director | 1 | $0 |
| DELPHENE MOONEY | DIRECTOR Trustee or director | 1 | $0 |
| GEORGE KATIS | DIRECTOR Trustee or director | 1 | $0 |
| VERN GILCHRIST | DIRECTOR Trustee or director | 1 | $0 |
| MEGAN FEHLING | DIRECTOR Trustee or director | 1 | $0 |
| DENNIS JILLSON | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD HARDING | DIRECTOR Trustee or director | 1 | $0 |
| MICAHEL SIMON | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 22 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL S MONESTIME | PRESIDENT Former | 40 | $210,000 |
| KENNETH S BARRON | CHAIRMAN Trustee or director, Officer | 5 | $0 |
| GEORGE METZGER | VICE-CHAIRMAN Trustee or director, Officer | 5 | $0 |
| PATRICK BARRETT | TREASURER Trustee or director, Officer | 5 | $0 |
| CHRISTINA ABELE | DIRECTOR Trustee or director | 1 | $0 |
| PETER DIMURO | DIRECTOR Trustee or director | 1 | $0 |
| JOSHUA GERBER | DIRECTOR Trustee or director | 1 | $0 |
| JACQUELINE LEVINE | DIRECTOR Trustee or director | 1 | $0 |
| MORRIS NAGGAR | DIRECTOR Trustee or director | 1 | $0 |
| GEETA PRADHAN | DIRECTOR Trustee or director | 1 | $0 |
| STUART PRATT | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT P REARDON | DIRECTOR Trustee or director | 1 | $0 |
| PATRICK ROWE | DIRECTOR Trustee or director | 1 | $0 |
| REV ELLIS WASHINGTON | DIRECTOR Trustee or director | 1 | $0 |
| CHERYL WATSON | DIRECTOR Trustee or director | 1 | $0 |
| MARK ORENT | DIRECTOR Trustee or director | 1 | $0 |
| JAY KIELY | DIRECTOR Trustee or director | 1 | $0 |
| TONY CLERK | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTINE ELOW | DIRECTOR Trustee or director | 1 | $0 |
| SEAN HOPE | DIRECTOR Trustee or director | 1 | $0 |
| SHAUNA REYBURN | DIRECTOR Trustee or director | 1 | $0 |
| DELPHENE MOONEY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 23 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LUIS COTTO | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $137,891 |
| CHRISTINA ABELE | CHAIR Trustee or director, Officer | 5 | $0 |
| PATRICK ROWE | VICE CHAIR Trustee or director, Officer | 5 | $0 |
| MARK ORENT | TREASURER Trustee or director, Officer | 5 | $0 |
| JAY KIELY | SECRETARY Trustee or director, Officer | 5 | $0 |
| PATRICK BARRETT | DIRECTOR Trustee or director | 1 | $0 |
| KENNETH S BARRON | DIRECTOR Trustee or director | 1 | $0 |
| ANTHONY CLARK | DIRECTOR Trustee or director | 1 | $0 |
| PETER DIMURO | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTINE ELOW | DIRECTOR Trustee or director | 1 | $0 |
| JOSHUA GERBER | DIRECTOR Trustee or director | 1 | $0 |
| SEAN HOPE | DIRECTOR Trustee or director | 1 | $0 |
| JACQUELINE LEVINE | DIRECTOR Trustee or director | 1 | $0 |
| GEORGE METZGER | DIRECTOR Trustee or director | 1 | $0 |
| DELPHENE MOONEY | DIRECTOR Trustee or director | 1 | $0 |
| MORRIS NAGGAR | DIRECTOR Trustee or director | 1 | $0 |
| GEETA PRADHAN | DIRECTOR Trustee or director | 1 | $0 |
| STUART PRATT | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT P REARDON | DIRECTOR Trustee or director | 1 | $0 |
| SHAUNA REYBURN | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL SIMON | DIRECTOR Trustee or director | 1 | $0 |
| REV ELLIS WASHINGTON | DIRECTOR Trustee or director | 1 | $0 |
| CHERYL WATSON | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 614 MASSACHUSETTS AVE, CAMBRIDGE, MA 02139-3341
- Principal officer (990 for 2024)
- MICHAEL S MONESTIME, 614 MASSACHUSETTS AVENUE, CAMBRIDGE, MA 021393378
- Signed the 990
- MICHAEL S MONESTIME, PRESIDENT
- Phone
- (617) 945-2418
- Website
- www.centralsq.org
- Return prepared by
- BERNARD JOHNSON & COMPANY PC
Mission
TO ENERGIZE CAMBRIDGES CENTRAL SQUARE BY BRINGING ADDITIONAL MANAGEMENT AND RESOURCES TO THE MAINTENANCE AND PROGRAMMING OF THE STREETS AND OTHER PUBLIC SPACES
Program accomplishments
- TO STRENGTHEN THE LOOK AND FEEL OF PUBLIC SPACES BY CLEANING, MANAGING, AND UPGRADING STREETS AND SIDEWALKS; ADD LANDSCAPING, STREET FURNITURE, DECORATIONS AND ACTIVITIES; COORDINATE AND ENCOURAGE PUBLIC AND PRIVATE INVESTMENT TO UPGRADE STREET-LEVEL USES; AND BRING ADDITIONAL RESOURCES TO ASSIST EXISTING, AND ATTRACT NEW, BUSINESSES.Expenses $2,534,333 · revenue $2,275,362
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 84-2076384
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $3,217,205
- Income (IRS master file)
- $3,454,997
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,454,997 | $3,373,329 | $3,217,205 | IRS |
| 990 | June 2024 | $3,008,970 | $3,231,674 | $1,358,617 | IRS |
| 990 | June 2023 | $2,561,839 | $2,643,218 | $983,625 | XML |
| 990 | June 2022 | $2,519,554 | $2,418,055 | $657,722 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-2076384).
Questions about CENTRAL SQUARE BUSINESS IMPROVEMENT DISTRICT INC
- What is the EIN of CENTRAL SQUARE BUSINESS IMPROVEMENT DISTRICT INC?
- The employer identification number (EIN) of CENTRAL SQUARE BUSINESS IMPROVEMENT DISTRICT INC is 84-2076384.
- Is CENTRAL SQUARE BUSINESS IMPROVEMENT DISTRICT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to CENTRAL SQUARE BUSINESS IMPROVEMENT DISTRICT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CENTRAL SQUARE BUSINESS IMPROVEMENT DISTRICT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CENTRAL SQUARE BUSINESS IMPROVEMENT DISTRICT INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CENTRAL SQUARE BUSINESS IMPROVEMENT DISTRICT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CENTRAL SQUARE BUSINESS IMPROVEMENT DISTRICT INC?
- The 990 for the year ended June 30, 2025 names MICHAEL S MONESTIME.
- Who are the officers and directors of CENTRAL SQUARE BUSINESS IMPROVEMENT DISTRICT INC?
- The 990 for the year ended June 30, 2025 lists 24 people; 1 received compensation from the organization, the highest $210,000 (MICHAEL S MONESTIME, PRESIDENT).
- How much revenue does CENTRAL SQUARE BUSINESS IMPROVEMENT DISTRICT INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,454,997, expenses of $3,373,329 and total assets of $3,217,205 at year end.
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All nonprofits in CAMBRIDGE · Massachusetts · Community improvement and capacity building