Cmea The Employers Association
- Assets
- $430.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 4
- Location
- Westborough, MA
- Founding
- 12/1942
- Data as of
- 12/2021
- EIN
- 04-1988960
Organization Overview
Cmea The Employers Association is located in Westborough, MA. The organization was established in 1942. 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, Cmea The Employers Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cmea The Employers Association 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, Cmea The Employers Association generated $90.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $92.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
EDUCATIONAL INFORMATION FOR GROWTH AND DEVELOPMENT FOR THE EMPLOYER AND EMPLOYEE, WHICH ULTIMATELY LEADS TO GREATER EFFICIENCY, INCREASED ACTIVITY AND GROWTH FOR THE EMPLOYER AND ULTIMATELY THE ECONOMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Campbell President | 20 | $39,000 | |
Timothy Murphy Secretary | 0 | $0 | |
James Desrosiers Director | 0 | $0 | |
David O'donnell Director | 1 | $0 | |
Tina Bussone Director | 0 | $0 | |
Mark Levenson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,495 |
| Total Program Service Revenue | $68,293 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $90,788 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $44,116 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $12,900 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $34,943 |
| Total expenses | $91,959 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $4,149 |
| Other assets | $0 |
| Total assets | $430,716 |
| Total liabilities | $220,072 |
| Net assets or fund balances | $210,644 |
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