BETA

BOSTON MAIN STREETS FOUNDATION: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
BOSTON MAIN STREETS FOUNDATION (EIN 20-3510157)
Tax period
2015-07-01 to 2016-06-30
Filed
2016-12-01
IRS object ID
201623369349300602
Schema version
2015v2.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-12-01T07:25:59-06:00ReturnTs
Tax Period End2016-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN043000523PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1O'CONNOR & DREW PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line125 BRAINTREE HILL OFC PK SUITE 102AddressLine1Txt
CityBRAINTREECityNm
State AbbreviationMAStateAbbreviationCd
ZIP02184ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN203510157EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BOSTON MAIN STREETS FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBOSTBusinessNameControlTxt
Phone6172473434PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1136 BROOKLINE AVENUEAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02215ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOEL SKLARPersonNm
Person TitleCHAIRMANPersonTitleTxt
Phone6172473434PhoneNum
Signature2016-11-09SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTEVEN J COHENPreparerPersonNm
PTINP00747146PTIN
Phone6174711120PhoneNum
Preparation2016-11-09PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerJOEL SKLARPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1136 BROOKLINE AVENUEAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02215ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$4,751GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.BMSFOUNDATION.ORGWebsiteAddressTxt
Type Of Organization TrustYes (X)TypeOfOrganizationTrustInd
Formation2005FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionTO REVITALIZE CITY OF BOSTON NEIGHBORHOOD MAIN STREETS.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$220,301PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$676PYInvestmentIncomeAmt
CY Investment Income$2,237CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$2,514CYOtherRevenueAmt
PY Total Revenue$220,977PYTotalRevenueAmt
CY Total Revenue$4,751CYTotalRevenueAmt
PY Grants And Similar Paid$46,965PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$135,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$54,596PYOtherExpensesAmt
CY Other Expenses$117,131CYOtherExpensesAmt
PY Total Expenses$101,561PYTotalExpensesAmt
CY Total Expenses$252,131CYTotalExpensesAmt
PY Revenues Less Expenses$119,416PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$247,380CYRevenuesLessExpensesAmt
Total Assets BOY$740,011TotalAssetsBOYAmt
Total Assets EOY$473,277TotalAssetsEOYAmt
Total Liabilities BOY$34,024TotalLiabilitiesBOYAmt
Total Liabilities EOY$14,670TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$705,987NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$458,607NetAssetsOrFundBalancesEOYAmt
MissionTO REVITALIZE CITY OF BOSTON NEIGHBORHOOD MAIN STREETS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$172,500ExpenseAmt
Grant$135,000GrantAmt
DescALL FUNDS, GRANTS AND CONTRIBUTIONS USED TO SUPPORT THE WORK OF LOCAL, INDEPENDENT CITY OF BOSTON MAIN STREETS NEIGHBORHOOD 501(C)(3) CORPORATIONS.Desc
Total Program Service Expenses$172,500TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy0ConflictOfInterestPolicyInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonBURT GESSERMAN TREASURERPersonNm
Phone7817026325PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1501 PROVIDENCE HIGHWAYAddressLine1Txt
CityNORWOODCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02062ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
GERI DENTERLEIN
TRUSTEE0.50Yes (X)$0$0$0
SHEILA A DILLON
TRUSTEE0.50Yes (X)$0$0$0
JENNIFER EFFRON
TRUSTEE0.50Yes (X)$0$0$0
BURTON R GESSERMAN
TREASURER0.50Yes (X)$0$0$0Yes (X)
CHRIS GEDRICH
TRUSTEE0.50Yes (X)$0$0$0
DANIEL E ROTTENBERG
SECRETARY0.50Yes (X)$0$0$0Yes (X)
KARL SEIDMAN
TRUSTEE0.50Yes (X)$0$0$0
TED TYE
TRUSTEE0.50Yes (X)$0$0$0
ADAM WEINER
TRUSTEE0.50Yes (X)$0$0$0
ANNA COLTON
TRUSTEE0.50Yes (X)$0$0$0
ESMAEL ANSARI
TRUSTEE0.50Yes (X)$0$0$0
JOEL SKLAR
CHAIRMAN0.50Yes (X)$0$0$0Yes (X)
STEPHEN GILMAN
PROGRAM DIRECTOR0.50$0$0$0Yes (X)
RAFAEL CAROBONELL
DEPUTY DIRECTOR0.50$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,237TotalRevenueColumnAmt
Exclusion$2,237ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Business900099BusinessCd
Total Revenue Column$2,514TotalRevenueColumnAmt
Related Or Exempt Func Income$2,514RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$2,514OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,751TotalRevenueColumnAmt
Related Or Exempt Func Income$2,514RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$2,237ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$135,000TotalAmt
Program Services$135,000ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$2,400TotalAmt
Management And General$2,400ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$58TotalAmt
Management And General$58ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$76,275TotalAmt
Management And General$76,275ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$800TotalAmt
Management And General$800ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
BAD DEBT EXPENSE$37,500$37,500
ADMINISTRATIVE EXPENSE$98$98

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$252,131TotalAmt
Program Services$172,500ProgramServicesAmt
Management And General$79,631ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$557,042BOYAmt
EOY$473,277EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$177,000BOYAmt
EOY$0EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$5,959BOYAmt
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$10BOYAmt
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$740,011BOYAmt
EOY$473,277EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$9,540BOYAmt
EOY$7,170EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$24,465BOYAmt
EOY$7,500EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$19BOYAmt
EOY$0EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$34,024BOYAmt
EOY$14,670EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$705,987BOYAmt
EOY$458,607EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$705,987BOYAmt
EOY$458,607EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$740,011BOYAmt
EOY$473,277EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$247,380ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$327,777CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$264,500CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$435,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$220,301CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$1,247,578TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$327,777CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$264,500CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$435,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$220,301CurrentTaxYearMinus1YearAmt
Total$1,247,578TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$1,247,578PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$143CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$176CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$463CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$676CurrentTaxYearMinus1YearAmt
Current Tax Year$2,237CurrentTaxYearAmt
Total$3,695TotalAmt
FieldValueIRS element (for citing)
Total Support$1,251,273TotalSupportAmt
Public Support CY1700.99700PublicSupportCY170Pct
Public Support PY1700.99880PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$14,237TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$12,000DonatedServicesAndUseFcltsAmt
Revenue Not Reported$12,000RevenueNotReportedAmt
Revenue Subtotal$2,237RevenueSubtotalAmt
Other Revenues Not Included$2,514OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$2,514RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$4,751TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$261,617TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$12,000DonatedServicesUseFcltsAmt
Expenses Not Reported$12,000ExpensesNotReportedAmt
Expenses Subtotal$249,617ExpensesSubtotalAmt
Other Expenses Not Included$2,514OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$2,514ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$252,131TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES REQUIRE AN ENTITY TO ASSESS THE PROBABILITY THAT A TAX POSITION HAS A "MORE LIKELY THAN NOT" (MLTN) SUSTAINABILITY AFTER REVIEW BY TAX AUTHORITIES. IF A TAX POSITION IS DEEMED NOT TO MEET THIS THRESHOLD, ANY UNRECOGNIZED TAX BENEFITS AND COSTS ARE ESTIMATED AND RECOGNIZED. TAX RETURNS ARE ROUTINELY OPEN FOR REVIEW BY THE TAX AUTHORITIES FOR THREE YEARS FROM THEIR DUE DATE. IN CERTAIN CIRCUMSTANCES, THE STATUTE OF LIMITATIONS MAY REMAIN OPEN INDEFINITELY. AS A NOT-FOR-PROFIT ENTITY EXEMPT FROM INCOME TAXES, THE FOUNDATION MAY, HOWEVER, BE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME. THE FOUNDATION HAS BEEN NOTIFIED BY THE INTERNAL REVENUE SERVICE THAT IT MEETS THE QUALIFICATIONS TO BE CLASSIFIED AS A TAX EXEMPT ENTITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE FOUNDATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A "PRIVATE FOUNDATION" WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE.
PART XI, LINE 4B - OTHER ADJUSTMENTS:OTHER INCOME
PART XII, LINE 4B - OTHER ADJUSTMENTS:OTHER EXPENSES

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintainedInd

Recipient Table RecipientTable (9 entries)

Recipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
FIELDS CORNER MAIN STREET INC
043503663501(C)(3)$15,000TO REVITALIZE CITY OF BOSTON NEIGHBORHOOD MAIN STREETS
GREATER GROVE HALL MAIN STREETS INC
260699697501(C)(3)$30,000TO REVITALIZE CITY OF BOSTON NEIGHBORHOOD MAIN STREETS
ST MARK'S AREA MAIN STREET INC
043491809501(C)(3)$30,000TO REVITALIZE CITY OF BOSTON NEIGHBORHOOD MAIN STREETS
ALLSTON VILLAGE MAIN STREETS INC
043340511501(C)(3)$25,000TO REVITALIZE CITY OF BOSTON NEIGHBORHOOD MAIN STREETS
EGLESTON SQUARE MAIN STREETS INC
043323579501(C)(3)$15,000TO REVITALIZE CITY OF BOSTON NEIGHBORHOOD MAIN STREETS
BRIGHTON MAIN STREETS INC
043407004501(C)(3)$5,000TO REVITALIZE CITY OF BOSTON NEIGHBORHOOD MAIN STREETS
EAST BOSTON MAIN STREETS
043287639501(C)(3)$5,000TO REVITALIZE CITY OF BOSTON NEIGHBORHOOD MAIN STREETS
HYDE PARK MAIN STREETS INC
043285976501(C)(3)$5,000TO REVITALIZE CITY OF BOSTON NEIGHBORHOOD MAIN STREETS
WASHINGTON GATEWAY MAIN STREET INC
043390412501(C)(3)$5,000TO REVITALIZE CITY OF BOSTON NEIGHBORHOOD MAIN STREETS
FieldValueIRS element (for citing)
Total501c3 Org9Total501c3OrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE BOARD REQUESTS PROGRESS REPORTS FROM THE MAIN STREET DISTRICTS WHO RECEIVED THE GRANTS. SUBSEQUENT GRANTS CANNOT BE MADE IF THE CURRENT GRANT PROGRAM HAS NOT BEEN COMPLETED.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11THE DOCUMENT IS DISTRIBUTED TO THE BOARD OF DIRECTORS VIA E-MAIL FOR REVIEW AND COMMENTS.
FORM 990, PART VI, SECTION C, LINE 19UPON WRITTEN REQUEST
FORM 990, PART XII, LINE 2C:THE ORGANIZATION HAS A COMMITTEE WHOSE PURPOSE IS THE OVERSIGHT AND REVIEW OF THE FINANCIAL STATEMENTS AUDITED BY AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.