Woburn Business Association
- Assets
- $90.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Woburn, MA
- Founding
- 08/1985
- Data as of
- 12/2021
- EIN
- 04-2845604
Organization Overview
Woburn Business Association is located in Woburn, MA. The organization was established in 1985. 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. Woburn Business 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, Woburn Business Association generated $183.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $130.9k during the year ending 12/2021. While expenses have increased by 6.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
PARTICIPATION IN NUMEROUS EVENTS INCLUDING NETWORK GATHERINGS TO BRING MEMBERS TOGETHER AS A COMMUNITY AND PROMOTE PUBLIC AWARENESS. THESE EVENTS BENEFIT MEMBERS AND LOCAL OFFICIALS, AS WELL AS SUPPORT THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Kisiel Executive Di | 20 | $63,535 | |
Jack Ferren Director | 1 | $0 | |
Stephen Cusano Clerk | 3 | $0 | |
Tim Williams Director | 1 | $0 | |
John Casey Director | 1 | $0 | |
Lejla Rovcanin Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,679 |
| Total Program Service Revenue | $85,752 |
| Membership dues | $88,841 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $183,272 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $82,079 |
| Professional fees and other payments to independent contractors | $5,400 |
| Occupancy, rent, utilities, and maintenance | $8,679 |
| Printing, publications, postage, and shipping | $228 |
| Other expenses | $34,536 |
| Total expenses | $130,922 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $90,337 |
| Other assets | $0 |
| Total assets | $90,337 |
| Total liabilities | $0 |
| Net assets or fund balances | $90,337 |
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