Form C: Issuer Information

Issuer Information

Name of Issuer:

54 STATE STREET LLC

Describe Progress Update:

At the close of the offering, the issuer closed on $98,900. The funds are currently being processed. The actual amount may be lower.

Legal Status of Issuer:

Form:

Limited Liability Company

Jurisdiction of Incorporation/Organization:

RHODE ISLAND

Date of Incorporation/Organization:

10-16-2014

Physical Address of Issuer:

Address 1:

54 STATE ST

City:

WARREN

State/Country:

RHODE ISLAND

Mailing Zip/Postal Code:

02885

Website of Issuer:

bywaterwarren.com

Intermediary through which the Offering will be Conducted:

CIK:

0001746059

Company Name:

MainVest, Inc.

Commission File Number:

007-00162

Form C: Offering Information

Offering Information

Amount of compensation to be paid to the intermediary, whether as a dollar amount or a percentage of the offering amount, or a good faith estimate if the exact amount is not available at the time of the filing, for conducting the offering, including the amount of referral and any other fees associated with the offering:

MainVest will be paid Four and one half (4.5) Percent of the amount of the Offering raised by "In-Network Users" of the Platform plus Nine (9) Percent of the amount of the Offering raised by all other investors.

Any other financial interest in the issuer held by the intermediary, or any arrangement for the intermediary to acquire such an interest:

MainVest, Inc. owns no interest in the Company, directly or indirectly, and will not acquire an interest as part of the Offering, nor is there any arrangement for MainVest, Inc. to acquire an interest.

Type of Security Offered:

Debt

Price:

1.00000

Price (or Method for Determining Price):

The Notes are being valued at their face value. We don't anticipate that we'll ever need to place a value on the Notes in the future.

Target Offering Amount:

75000.00

Maximum Offering Amount (if different from Target Offering Amount):

124000.00

Oversubscriptions Accepted:

Yes

If yes, disclose how oversubscriptions will be allocated:

First-come, first-served basis

Deadline to reach the Target Offering Amount:

04-21-2023

NOTE: If the sum of the investment commitments does not equal or exceed the target offering amount at the offering deadline, no securities will be sold in the offering, investment commitments will be cancelled and committed funds will be returned.

Form C: Annual Report Disclosure Requirements

Annual Report Disclosure Requirements

Current Number of Employees:

1.00

Total Assets Most Recent Fiscal Year-end:

216241.00

Total Assets Prior Fiscal Year-end:

243650.00

Cash and Cash Equivalents Most Recent Fiscal Year-end:

46827.00

Cash and Cash Equivalents Prior Fiscal Year-end:

52256.00

Accounts Receivable Most Recent Fiscal Year-end:

0.00

Accounts Receivable Prior Fiscal Year-end:

0.00

Short-term Debt Most Recent Fiscal Year-end:

124585.00

Short-term Debt Prior Fiscal Year-end:

72018.00

Long-term Debt Most Recent Fiscal Year-end:

200569.00

Long-term Debt Prior Fiscal Year-end:

179058.00

Revenue/Sales Most Recent Fiscal Year-end:

691523.00

Revenue/Sales Prior Fiscal Year-end:

514174.00

Cost of Goods Sold Most Recent Fiscal Year-end:

240193.00

Cost of Goods Sold Prior Fiscal Year-end:

480770.00

Taxes Paid Most Recent Fiscal Year-end:

0.00

Taxes Paid Prior Fiscal Year-end:

0.00

Net Income Most Recent Fiscal Year-end:

-173668.00

Net Income Prior Fiscal Year-end:

-2526.00