Nacm-New England Inc
- Assets
- $363.8k
- Revenue
- $593.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Westborough, MA
- Founding
- 05/1938
- Data as of
- 12/2021
- EIN
- 04-1103770
Organization Overview
Nacm-New England Inc is located in Westborough, MA. The organization was established in 1938. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Nacm-New England Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nacm-New England Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Nacm-New England Inc generated $593.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $506.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDER OF EDUCATION AND INFORMATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISSEMINATION OF CREDIT BUREAU INFORMATION TO CLIENTS. EDUCATION AND SUPPORT SERVICES PROVIDED TO CLIENTS RELATIVE TO CREDIT DATA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Braun President & Assistant Trea | Officer | 30 | $112,105 |
Joseph Mooney Treasurer As Needed | Officer | 0 | $0 |
Charles Lanagan Jr Sr. Vice Chair As Needed | Officer | 0 | $0 |
Stephen Connell Chairman, As Needed | Officer | 0 | $0 |
Anthony Tempesta Vice Chair, As Needed | Officer | 0 | $0 |
Vito Paparazzo Jr Director As Needed | Trustee | 0 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $439,208 |
| Investment income | $96 |
| 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 | $593,635 |
| 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. | $132,105 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $199,257 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,899 |
| Payroll taxes | $34,460 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,215 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $24,135 |
| Information technology | $49,558 |
| Royalties | $0 |
| Occupancy | $3,268 |
| Travel | $2,452 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,402 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31 |
| Insurance | $11,499 |
| All other expenses | $0 |
| Total functional expenses | $506,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $286,181 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $77,659 |
| 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 | $363,840 |
| Accounts payable and accrued expenses | $35,979 |
| 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 | $101,683 |
| Secured mortgages and notes payable | $60,060 |
| Unsecured mortgages and notes payable | $14,299 |
| Other liabilities | $0 |
| Total liabilities | $212,021 |
| Net assets without donor restrictions | $151,819 |
| 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 | $363,840 |
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