Newmarket Business Association Inc
- Assets
- $2.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 01/1977
- Data as of
- 12/2022
- EIN
- 04-2602617
Organization Overview
Newmarket Business Association Inc is located in Boston, MA. The organization was established in 1977. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newmarket Business Association 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 12/2022, Newmarket Business Association Inc generated $5.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (21.0%) each year. All expenses for the organization totaled $15.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.8%) per year over the past 8 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
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROMOTED AND FURTHER ENHANCED THE IMAGE OF THE NEWMARKET AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Sullivan Executive Director | 2 | $0 | |
John Marston Chairman | 1 | $0 | |
Michael Rothschild President | 2 | $0 | |
Valeda Britton Clerk | 0.2 | $0 | |
Brian Maloney Vice President | 0.2 | $0 | |
John Cremmen Director | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $4,000 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $5,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,860 |
| Occupancy, rent, utilities, and maintenance | $2,754 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $10,241 |
| Total expenses | $15,855 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,728 |
| Other assets | $0 |
| Total assets | $2,878 |
| Total liabilities | $18,968 |
| Net assets or fund balances | -$16,090 |