540wmain Inc
- Assets
- $1.8k
- Revenue
- $229.0k
- Investments
- $0.0
- Employees
- 8
- Location
- Rochester, NY
- Founding
- 09/2019
- Data as of
- 12/2022
- EIN
- 84-2870050
Organization Overview
540wmain Inc is located in Rochester, NY. The organization was established in 2019. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, 540wmain Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 540wmain 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 12/2022, 540wmain Inc generated $229.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 32.4% each year . All expenses for the organization totaled $295.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
540WMAIN, INC. SERVES AS A VIRTUAL HUB THAT BRINGS PEOPLE TOGETHER. WE ENGAGE OUR COMMUNITY THROUGH ANTIRACIST, ACCESSIBLE, AND COMPELLING DIGITAL AND VIRTUAL CONTENT, CENTERING BLACK AND INDIGENOUS THINKERS AND CREATORS. OUR EDUCATORS AND OUR CONTENT PROVIDE THE TOOLS NEEDED TO DISMANTLE RACISM AT PERSONAL, INSTITUTIONAL, AND POLICY LEVELS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HAVE TAUGHT OVER 600 INDIVIDUALS IN ANTIRACISM CLASSES IN 2022, INCLUDING 34 CLASSES; TOPICS TAUGHT INCLUDE IMPLICIT BIAS, ENVIRONMENTAL JUSTICE, GENTRIFICATION, AND ANTIRACISM PRACTICE. ADDITIONALLY, 28 ARTICLES WERE WRITTEN AND POSTED ON OUR ONLINE LEARNING PLATFORM. ALL OF OUR PROGRAMMING RUNS ON A GIFT ECONOMY STRUCTURE, MEANING THAT WE OFFER FLEXIBLE PAY WHAT YOU CHOOSE OPTIONS FOR ALL LEARNING. ADDITIONALLY, ALL OF OUR CLASSES AND EVENTS INCLUDE ASL INTERPRETING AND CAPTIONING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Calvin Eaton Executive Director/treasurer | OfficerTrustee | 40 | $60,000 |
Austin Retzlaff Chair | OfficerTrustee | 2 | $0 |
Adrija Bhattacharjee Director | Trustee | 1 | $0 |
Meg Decausemaker Director | Trustee | 1 | $0 |
Stacy Marie Lawrence Director | Trustee | 1 | $0 |
Elianor MA Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $206,607 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $206,607 |
| Total Program Service Revenue | $22,371 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $228,981 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation of current officers, directors, key employees. | $6,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $122,647 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,032 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,830 |
| Advertising and promotion | $9,837 |
| Office expenses | $9,164 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,261 |
| Travel | $897 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,441 |
| All other expenses | $5,127 |
| Total functional expenses | $295,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,840 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,840 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,671 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $39,995 |
| Total liabilities | $49,666 |
| Net assets without donor restrictions | -$47,826 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,840 |