711 Atlantic Avenue, Lower Level Boston, MA 02111 |
[P] (914) 3191705 [F] -- |
www.mainstreetpartners.org [email protected] Molly Testwuide |
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INCORPORATED: 2010
Printable Profile (Summary / Full) EIN 27-3574083 |
![]() LAST UPDATED: 04/14/2015 |
Organization DBA |
Main Street Partners |
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Former Names | -- |
Organization received a competitive grant from the Boston Foundation in the past five years | Yes |
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Mission StatementMORE »Main Street Partners' mission is to empower, improve, and support the urban small businesses that create jobs and provide financial security and independence for families in low income areas.
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Mission StatementMain Street Partners' mission is to empower, improve, and support the urban small businesses that create jobs and provide financial security and independence for families in low income areas.
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Fiscal Year | June 01, 2013 to May 31, 2014 |
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Projected Income | $200,000.00 |
Projected Expense | $200,000.00 |
For more details regarding the organization's financial information, select the financial tab and review available comments.
City of Boston- Allston/ Brighton
City of Boston- Charlestown
City of Boston- Chinatown/ Leather District
City of Boston- North Dorchester
City of Boston- South Dorchester
City of Boston- East Boston
City of Boston- Hyde Park
City of Boston- Jamaica Plain
City of Boston- Mattapan
City of Boston- Mission Hill
City of Boston- Roslindale
City of Boston- Roxbury
City of Boston- South Boston
City of Boston- West Roxbury
City of Boston- Citywide (Indiv. neighborhoods also listed)
Main Street Partners focuses on serving low and moderate-income urban areas throughout the greater Boston area.
Under Development
Volunteers from top-tier service firms such as McKinsey and Bain consulting, JP Morgan banking, and Deloitte financial work together with a small business partner to complete a business consulting project over 10-12 weeks. Volunteers work with the business owners to implement strategic and operational changes that will enhance the sustainability and profitability of their operations. | |
Budget | $200,000 |
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Category | Community Development, General/Other Small & Minority Business Development Programs |
Population Served | Adults Families Minorities |
Program Short-Term Success | In the short term, the success of business consulting projects is measured in terms of profit improvement and the number of jobs created or sustained as a result of project recommendations. |
Program Long-Term Success | We believe that giving business owners the skills and tools to improve their businesses will help make their business more profitable and help to stabilize the families that they support. These stronger families and businesses will build in turn lead to more economically robust neighborhoods and communities. |
Program Success Monitored By | Business assessments and project evaluations are administered via MSP survey to business owners on profitability, jobs, and business performance. |
Examples of Program Success | A local restaurant located in East Boston provides Pakistani and Indian cuisine in adherence to Halal standards and is the only such restaurant in the area. Due to the restaurant’s inability to be financially self reliant, the owner split his time between running the restaurant and driving a cab 50 hours a week. Project and Impact:
Main Street Partners volunteers created a website and mobile application that dramatically increased the restaurant’s visibility with potential customers, resulting in significant increases to the restaurant’s delivery business. Volunteers later worked with the owner’s son to understand how to edit site and run online advertising campaigns for the restaurant moving forward.
As a result, the restaurant doubled its delivery sales, increased its profitability by over 10%, and the owner was able to quit driving a cab to support his family.
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CEO/Executive Director | Ms. Molly Testwuide |
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CEO Term Start | Sept 2013 |
CEO Email | [email protected] |
CEO Experience | Molly is the Executive Director of Main Street Partners. Prior to joining MSP full-time, Molly worked as an Associate Consultant at L.E.K. Consulting, where she focused worked with large corporations to develop their strategies and assess various business problems. Molly worked with clients across sectors including basic industries, retail, aviation, and private equity. Molly initially became involved with MSP during her time at L.E.K. as a volunteer consultant. She believed strongly in MSP’s mission and continued to get involved with the organization in a greater and greater capacity. Molly graduated from Boston College with a BA in Economics and a minor in Mathematics. |
Co-CEO | -- |
Co-CEO Term Start | -- |
Co-CEO Email | -- |
Co-CEO Experience | -- |
Name | Start | End |
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Alex Russell | Sept 2010 | Sept 2013 |
Bryan Solar | Sept 2010 | Sept 2013 |
Name | Title | Experience/Biography |
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-- | -- | -- |
Award | Awarding Organization | Year |
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-- | -- | -- |
Affiliation | Year |
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-- | -- |
Member of state association of nonprofits? | Yes |
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Name of state association | -- |
External Assessment or Accreditation | Year |
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-- | -- |
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We manage risk by using best practices in the field, having in-house and outside counsel we call on frequently, and having top tier insurance coverage.
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Number of Full Time Staff | 1 |
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Number of Part Time Staff | 2 |
Number of Volunteers | 150 |
Number of Contract Staff | 0 |
Staff Retention Rate % | 100% |
Ethnicity | African American/Black: 0 Asian American/Pacific Islander: 0 Caucasian: 2 Hispanic/Latino: 1 Native American/American Indian: 0 Other: 0 Other (if specified): 0 |
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Gender | Female: 1 Male: 2 Not Specified 0 |
Organization has Fundraising Plan? | Under Development |
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Organization has Strategic Plan? | Under Development |
Years Strategic Plan Considers | N/A |
Management Succession Plan | Under Development |
Business Continuity of Operations Plan | No |
Organization Policies And Procedures | Under Development |
Nondiscrimination Policy | Yes |
Whistle Blower Policy | Yes |
Document Destruction Policy | Yes |
Directors and Officers Insurance Policy | -- |
State Charitable Solicitations Permit | Yes |
State Registration | Yes |
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Management Reports to Board? | Yes |
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CEO Formal Evaluation and Frequency | Yes N/A |
Senior Management Formal Evaluation and Frequency | Yes N/A |
Non Management Formal Evaluation and Frequency | N/A N/A |
Board Chair | Mr. Bryan Solar |
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Board Chair Company Affiliation | Brookside Consulting |
Board Chair Term | Jan 2010 - Dec 2013 |
Board Co-Chair | Mr. Alex Russell |
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Board Co-Chair Company Affiliation | -- |
Board Co-Chair Term | Jan 2010 - Dec 2013 |
Name | Company Affiliations | Status |
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Vinay Badami | BR Venture Fund | Voting |
Alex Russell | LEK Consulting | Voting |
Bryan Solar | Brookside Consulting | Voting |
Molly Testwuide | Main Street Partners | -- |
Rachael Weiker | Brandeis University | Voting |
Owen Zidar | Stanford University | Voting |
Name | Company Affiliations | Status |
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-- | -- | -- |
Name | Company Affiliations | Status |
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-- | -- | -- |
Name | Company Affiliations | Status |
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-- | -- | -- |
Ethnicity | African American/Black: 0 Asian American/Pacific Islander: 1 Caucasian: 5 Hispanic/Latino: 1 Native American/American Indian: 0 Other: 0 Other (if specified): 0 |
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Gender | Female: 2 Male: 5 Not Specified 0 |
Board Term Lengths | 1 |
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Board Term Limits | -- |
Board Meeting Attendance % | 100% |
Written Board Selection Criteria | Under Development |
Written Conflict Of Interest Policy | Yes |
Percentage of Monetary Contributions | 0% |
Percentage of In-Kind Contributions | 100% |
Constituency Includes Client Representation | No |
Our working board is comprised of the founding members of the organization. These individuals volunteer their time and talents to the administration and development of Main Street Partners, management of client projects, and strategic planning for achieving our mission.
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Fiscal Year | June 01, 2013 to May 31, 2014 |
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Projected Income | $200,000.00 |
Projected Expense | $200,000.00 |
Form 990s | |
Audit Documents |
2013 Audited Financials - TSNE 2012 Audited Financials - TSNE |
IRS Letter of Exemption |
Fiscal Year | 2013 | 2012 | 2011 |
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Total Revenue | $60,010 | $15,000 | $1,000 |
Total Expenses | $52,680 | $15,000 | $1,000 |
Fiscal Year | 2013 | 2012 | 2011 |
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Foundation and Corporation Contributions |
$35,000 | $5,000 | -- |
Government Contributions | $20,000 | $10,000 | $0 |
Federal | -- | -- | -- |
State | $20,000 | -- | -- |
Local | -- | $10,000 | -- |
Unspecified | -- | -- | -- |
Individual Contributions | $5,010 | -- | $1,000 |
Indirect Public Support | -- | -- | -- |
Earned Revenue | -- | -- | -- |
Investment Income, Net of Losses | -- | -- | -- |
Membership Dues | -- | -- | -- |
Special Events | -- | -- | -- |
Revenue In-Kind | -- | -- | -- |
Other | -- | -- | -- |
Fiscal Year | 2013 | 2012 | 2011 |
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Program Expense | $46,210 | $1,600 | -- |
Administration Expense | $6,469 | $13,400 | $1,000 |
Fundraising Expense | -- | -- | -- |
Payments to Affiliates | -- | -- | -- |
Total Revenue/Total Expenses | 1.14 | 1.00 | 1.00 |
Program Expense/Total Expenses | 88% | 11% | 0% |
Fundraising Expense/Contributed Revenue | 0% | 0% | 0% |
Fiscal Year | 2013 | 2012 | 2011 |
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Total Assets | $7,330 | -- | -- |
Current Assets | $7,330 | -- | -- |
Long-Term Liabilities | $0 | -- | -- |
Current Liabilities | $0 | -- | -- |
Total Net Assets | $7,330 | -- | -- |
Fiscal Year | 2013 | 2012 | 2011 |
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1st (Source and Amount) |
-- -- |
-- -- |
-- -- |
2nd (Source and Amount) |
-- -- |
-- -- |
-- -- |
3rd (Source and Amount) |
-- -- |
-- -- |
-- -- |
Endowment Value | -- |
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Spending Policy | -- |
Percentage(If selected) | -- |
Credit Line | No |
Reserve Fund | No |
How many months does reserve cover? | -- |
Are you currently in a Capital Campaign? | No |
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Capital Campaign Purpose | -- |
Campaign Goal | -- |
Capital Campaign Dates | - |
Capital Campaign Raised-to-Date Amount | -- |
Capital Campaign Anticipated in Next 5 Years? | -- |
Fiscal Year | 2013 | 2012 | 2011 |
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Current Ratio: Current Assets/Current Liabilities | -- | -- | -- |
Fiscal Year | 2013 | 2012 | 2011 |
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Long-term Liabilities/Total Assets | 0% | 0% | 0% |
No Other Documents currently available. |
The Impact tab is a section on the Giving Common added in October 2013; as such the majority of nonprofits have not yet had the chance to complete this voluntary section. The purpose of the Impact section is to ask five deceptively simple questions that require reflection and promote communication about what really matters – results. The goal is to encourage strategic thinking about how a nonprofit will achieve its goals. The following Impact questions are being completed by nonprofits slowly, thoughtfully and at the right time for their respective organizations to ensure the most accurate information possible.