Boston Main Streets Foundation

EIN: 203510157 501(c)(3) Arts, Culture & Humanities

Boston, MA

Total Revenue
$2,144,990
Total Expenses
$2,001,603
Total Assets
$918,399
Net Assets
$721,799
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
MA
Principal Officer
Burton Gesserman
Phone
6172473434
Tax Period
2024-07-01 to 2025-06-30

Boston Main Streets Foundation, founded in 2005, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 256% from the prior year, signaling strong growth momentum. Expenses of $2.0M left a modest 7% surplus.

Mission

TO REVITALIZE CITY OF BOSTON NEIGHBORHOOD MAIN STREETS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,134,593
Program Service Revenue $0
Investment Income $10,397
Other Revenue $0
TOTAL REVENUE $2,144,990

Expense Breakdown

Grants Paid $1,448,419
Salaries & Benefits $395,774
Fundraising Expenses $256,495
Program Expenses $1,659,778
Other Expenses $69,542
TOTAL EXPENSES $2,001,603

Year-over-Year Comparison

2024 2023 Change
Revenue $2,144,990 $602,868 +2.6%
Expenses $2,001,603 $500,553 +3.0%
Net Income $143,387 $102,315 +0.4%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
15
Independent Members
15
Employees
2
Volunteers
17

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$186,300
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC ESTEVES Executive Director 40.0
Officer
$180,000 $6,300 $186,300
JOEL SKLAR PRESIDENT 2.0
Officer Director
$0 $0 $0
DANIEL E ROTTENBERG SECRETARY 0.5
Officer Director
$0 $0 $0
BURTON GESSERMAN TREASURER 5.0
Officer Director
$0 $0 $0
CHRIS GEDRICH TRUSTEE 0.5
Director
$0 $0 $0
KARL SEIDMAN TRUSTEE 0.5
Director
$0 $0 $0
MICHAEL HUNTER TRUSTEE 0.5
Director
$0 $0 $0
BEN STARR TRUSTEE 0.5
Director
$0 $0 $0
ELLEN HANDLY TRUSTEE 0.5
Director
$0 $0 $0
GUSTAVO QUIROGA TRUSTEE 0.5
Director
$0 $0 $0
DARRYL FESS TRUSTEE 0.5
Director
$0 $0 $0
NICK KORN TRUSTEE (EFF. 01/30/2025) 0.5
Director
$0 $0 $0
MARK ROBERTS TRUSTEE (EFF. 03/11/2025) 0.5
Director
$0 $0 $0
ELLE MARRONE TRUSTEE (EFF. 01/30/2025) 0.5
Director
$0 $0 $0
KIRA CHAVES TRUSTEE (EFF. 01/30/2025) 0.5
Director
$0 $0 $0
GRACE LEE TRUSTEE (THRU. 01/30/2025) 0.5
Director
$0 $0 $0
PAULO AMADO DE BARROS TRUSTEE (THRU. 12/31/2024) 0.5
Director
$0 $0 $0
GERI DENTERLEIN TRUSTEE 0.5
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,144,990 $2,001,603 $918,399 $143,387
2024 $602,868 $500,553 $598,577 $102,315
2023 $491,594 $544,486 $538,847 $-52,892
2022 $405,557 $181,813 $571,351 $223,744
2021 $53,835 $309,288 $368,945 $-255,453
2020 $428,930 $622,099 $577,598 $-193,169
2019 $205,046 $193,354 $807,736 $11,692
2018 $527,278 $145,441 $779,077 $381,837
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