Civic Intelligence

Union Square Foundation

990 • Fiscal year 2024 • EIN 82-2194802

Jul 01, 2023 to Jun 30, 2024 • Filed on Feb 14, 2025

291 Geary Street 200San Francisco, CA 94102

(415) 781-7880

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

76th percentile

0.31x

Higher debt load relative to assets than 76% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

68th percentile

0.22x

Higher debt load relative to revenue than 68% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

46th percentile

2.7%

Higher net margin than 46% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

95th percentile

$319,148

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 12.5% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

55th percentile

5.9%

Faster asset growth than 55% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

91st percentile

110%

Faster revenue growth than 91% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,797,957

Up $100,704 (+5.9%) from 2023

Net Assets

Down

$1,237,552

Down $19,608 (-1.6%) from 2023

Liabilities

Up

$560,405

Up $120,312 (+27%) from 2023

Revenue

Up

$2,556,941

Up $1,340,327 (+110%) from 2023

Expenses

Up

$2,487,433

Up $1,373,676 (+123%) from 2023

Net Income

Down

$69,508

Down $33,349 (-32%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2018: $317,023Liabilities 2018: $61,983Net Assets 2018: $255,0402018Assets 2019: $267,801Liabilities 2019: $16,952Net Assets 2019: $250,8492019Assets 2020: $625,624Liabilities 2020: $10,541Net Assets 2020: $615,0832020Assets 2021: $545,470Liabilities 2021: $27,870Net Assets 2021: $517,6002021Assets 2022: $1,217,799Liabilities 2022: $66,959Net Assets 2022: $1,150,8402022Assets 2023: $1,697,253Liabilities 2023: $440,093Net Assets 2023: $1,257,1602023Assets 2024: $1,797,957Liabilities 2024: $560,405Net Assets 2024: $1,237,5522024Assets 2025: $1,766,578Liabilities 2025: $883,489Net Assets 2025: $883,0892025

Highlighted filing

2024

Assets$1,797,957
Liabilities$560,405
Net Assets$1,237,552

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2018: $367,740Expenses 2018: $112,700Net Income 2018: $255,0402018Revenue 2019: $364,018Expenses 2019: $368,210Net Income 2019: -$4,1922019Revenue 2020: $614,566Expenses 2020: $250,332Net Income 2020: $364,2342020Revenue 2021: $49,230Expenses 2021: $146,713Net Income 2021: -$97,4832021Revenue 2022: $920,833Expenses 2022: $308,169Net Income 2022: $612,6642022Revenue 2023: $1,216,614Expenses 2023: $1,113,757Net Income 2023: $102,8572023Revenue 2024: $2,556,941Expenses 2024: $2,487,433Net Income 2024: $69,5082024Revenue 2025: $1,830,942Expenses 2025: $2,186,737Net Income 2025: -$355,7952025

Highlighted filing

2024

Revenue$2,556,941
Expenses$2,487,433
Net Income$69,508
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 14, 2025
Return Version
2023v6.0
Gross Receipts
$2,622,539
Mission and Program Overview

Mission

The union square foundation exists to establish a renewed 'sense of place' for the union square area by supporting diverse artistic, cultural, and culinary programs and projects - and by cultivating a welcoming caring community for all humankind.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$502,699$555,463▲ $52,764
Accounts Receivable$24,250$501,088▲ $476,838
Savings and Temporary Cash Investments-$377,520-
Land, Buildings, and Equipment, Net$225,356$199,196▼ $26,160
Cash and Non-Interest-Bearing Accounts$944,948$164,690▼ $780,258
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,697,253$1,797,957▲ $100,704
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$440,093$344,872▼ $95,221
Deferred Revenue-$215,533-
Total Liabilities$440,093$560,405▲ $120,312
Net Assets / Fund Balance
Net Assets With Donor Restrictions$870,787$840,596▼ $30,191
Net Assets Without Donor Restrictions$386,373$396,956▲ $10,583
Total Net Assets Fund Balance$1,257,160$1,237,552▼ $19,608
Total Liabilities and Net Assets / Fund Balance$1,697,253$1,797,957▲ $100,704

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$199,196$59,723-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rick LaubscherPresident
J Timothy FalveyVice President
Eric OwenDirector
Karin FloodDirector
Manuela a KingDirector
Sebastien PfeifferDirector
Spencer SechlerDirector Untl 12/23
Ken RichPolicy Director
Lance GoreeServices Director
Marisa RodriguezCEO
Benjamin HorneCFO
Pulkesin MohanGeneral Manager
Darcy BrownSecretary
Shirley Howard-johnsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,478,731
Program Service Revenue
$0
Investment Income
$57,719
Other Revenue
$20,491
All Other Contributions
$99,010
Change in Net Assets
$69,508

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,556,941
Revenue Not Reported on Form 990
$25,161
Total Revenue per Audited Statements
$2,582,102
Total Revenue per Form 990
$2,556,941
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,475,272
Total Fundraising Expense$35,509
Grants and Similar Amounts Paid$12,161
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$416,948$88,810$32,413$538,171
Office Expenses$11,575$1,131$3,096$15,802
Grants to Domestic Orgs$12,161--$12,161
Other Expenses$10,230--$10,230
Insurance-$6,394-$6,394
Fees for Services Accounting-$2,700-$2,700
All Other Expenses$2,383--$2,383
Total Functional Expenses$2,352,889$99,035$35,509$2,487,433

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,510,489
Expenses per Audited Statements$2,487,433
Total Expenses per Form 990$2,487,433
Expenses Not Reported on Form 990$23,056
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Salvation ArmySan Francisco, CA-Public Support$12,161
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$111,250
Fundraising Direct Expenses$65,598
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Lunch$139,750$78,750$45,197$33,553
Holiday Lunch$103,670$32,500$20,401$12,099
Total Events$243,420$111,250$65,598$45,652
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Karin FloodBoard MemberLease Ownership in Bldg.No$88,194

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

Rick laubscher, president of the board, is the president and ceo of the market street railway, a nonprofit organization that rents office space from a building that karin flood, board member has an ownership interest in.

Form 990, Part VI, Section A, Line 3

The organization is managed by the employees of the union square business improvement district, a related organization.

Form 990, Part VI, Section B, Line 11B

The cfo reviews a draft of the form 990. Subsequent to review, the cfo presents the full 990 copy to the board for review. The board then votes to approve the 990.

Form 990, Part VI, Section B, Line 12C

Board members are required to review and update their conflict of interest forms, listing any conflicts, annually. Board members must recuse themselves in votes or discussions where they may have a conflict.

Form 990, Part VI, Section C, Line 19

Usf documents are available to the public, upon request.

Filing and Contact Details

Filer

Filer Name
Union Square Foundation
EIN
82-2194802
Phone
4157817880
Address
291 GEARY STREET 200, SAN FRANCISCO, CA 94102

Signing Officer

Name
Marisa Rodriguez
Title
CEO
Signed
2025-02-14
Discuss with paid preparer
Yes

Organization Details

Formed
2017
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
7
Employees
0
Volunteers
30

Preparer

Firm
Perotti & Carrade CPAs
Address
1 McInnis Pkwy Ste 200, San Rafael, CA 94903
Preparer
Kathryn Harris
Phone
4154618500
Supplemental Narrative

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Additional special event costs $16225

Part XII, Line 2D: Other expenses and losses per audited F/S

Additional special event costs $16225

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IRS990/MethodOfAccountingAccrualInd0X
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IRS990/MissionDesc0THE UNION SQUARE FOUNDATION EXISTS TO ESTABLISH A RENEWED 'SENSE OF PLACE' FOR THE UNION SQUARE AREA BY SUPPORTING DIVERSE ARTISTIC, CULTURAL, AND CULINARY PROGRAMS AND PROJECTS - AND BY CULTIVATING A WELCOMING CARING COMMUNITY FOR ALL HUMANKIND.
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IRS990/OfficeExpensesGrp/ProgramServicesAmt011575
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IRS990/OtherExpensesGrp/Desc1SECURITY & SAFETY PROGRAMS
IRS990/OtherExpensesGrp/Desc2DEPRECIATION
IRS990/OtherExpensesGrp/Desc3COMMUNITY SPONSORSHIP/OUTREACH
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IRS990/OtherExpensesGrp/ProgramServicesAmt258359
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IRS990/ProgSrvcAccomActy2Grp/Desc0SAFETY PROGRAMS - THROUGH GRANTS FROM THE CHRIS LARSEN FUND OF THE SILICON VALLEY COMMUNITY FOUNDATION, THE UNION SQUARE FOUNDATION FUNDED CONTINUED EXPANSION OF THE UNION SQUARE SECURITY CAMERA PROGRAM. THE FUNDS CONTRIBUTED TO ADDITIONAL CAMERA INSTALLATIONS. THE SECURITY CAMERA SYSTEM IS TO HELP CREATE A SAFER UNION SQUARE FOR VISITORS, RESIDENTS AND EMPLOYEES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0170517
IRS990/ProgSrvcAccomActy3Grp/Desc0UNION SQUARE CARES - A COMMUNITY BUILDING PROGRAM THAT SUPPORTS ORGANIZATIONS THAT WORK WITH YOUTH IN ECONOMICALLY DISADVANTAGED COMMUNITIES MAKING POSITIVE CHANGES. THIS INCLUDES THE SALVATION ARMY'S ADOPT AN ANGEL PROGRAM (HOLIDAY PROGRAM) IN THE TENDERLOIN AND THE STREET VIOLENCE INTERVENTION PROGRAM'S SUIT UP EVENT PROVIDING BUSINESS CLOTHES FROM A STYLIST TO HELP BUILD SELF ESTEEM AND CONFIDENCE TO DISADVANTAGED YOUTH FROM THE BAY VIEW/HUNTERS POINT AREA OF SAN FRANCISCO.
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IRS990ScheduleD/DonatedServicesAndUseFcltsAmt06831
IRS990ScheduleD/DonatedServicesUseFcltsAmt06831

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