Natick Center Associates Inc
- Assets
- $189.2k
- Revenue
- $214.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Natick, MA
- Founding
- 11/1996
- Data as of
- 12/2021
- EIN
- 04-3263050
Organization Overview
Natick Center Associates Inc is located in Natick, MA. The organization was established in 1996. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, 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. Natick Center Associates Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Natick Center Associates Inc generated $214.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $202.3k during the year ending 12/2021. 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
TO WORK IN PARTNERSHIP WITH THE TOWN OF NATICK AND COMMITTED NCA MEMBERS TO CULTIVATE A LIVELY AND DIVERSE DOWNTOWN NEIGHBORHOOD BY ENHANCING THE CULTURAL, ECONOMIC, AND SOCIAL LIFE OF OUR COMMUNITY. NCA'S PRIVATE-PUBLIC PARTNERSHIP REPRESENTS INNOVATIVE CULTURAL VOICES FROM MERCHANTS AND PROPERTY OWNERS, TO ARTS AND CULTURAL ORGANIZATIONS, LOCAL ARTISTS, AND CONCERNED CITIZENS. TOGETHER WE WORK TO BUILD CAPACITY FOR CULTURAL PROGRAMMING AND CREATIVE SPACES, AND TO FOSTER CREATIVE PARTNERSHIPS, PIVOTAL TO THE CONTINUED RENAISSANCE OF NATICK CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHEDULE, PLAN AND MANAGE ALL EVENTS ON, AND AROUND, NATICK COMMON SUCH AS ART HELPS, ART WALK/RESTAURANT WEEK, FARMERS MARKET, NATICK ARTIST'S OPEN STUDIOS, NATICK DAYS, SPOOKTACULAR, STREETSCAPES AND WINTER MARKET.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Athena Pandolf Executive Di | OfficerTrustee | 40 | $65,928 |
Arthur Fair III President | OfficerTrustee | 2 | $0 |
Greg Kennedy Treasurer | OfficerTrustee | 2 | $0 |
Steve Levinsky Clerk/direct | OfficerTrustee | 2 | $0 |
Virginia Mceachern Vice Preside | OfficerTrustee | 2 | $0 |
Steve J Brayman Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $110,154 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,654 |
| Total Program Service Revenue | $96,834 |
| Investment income | $104 |
| 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 | $214,592 |
| 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. | $65,928 |
| Compensation of current officers, directors, key employees. | $32,964 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,312 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,373 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,640 |
| Advertising and promotion | $6,577 |
| Office expenses | $11,774 |
| Information technology | $165 |
| Royalties | $0 |
| Occupancy | $19,800 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $313 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,258 |
| All other expenses | $13,977 |
| Total functional expenses | $202,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $187,436 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,800 |
| Total assets | $189,236 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $189,236 |
| 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 | $189,236 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Natick Center Associates Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Mutual One Charitable Foundation Framingham, MA PURPOSE: GENERAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
43north Bpc Inc Buffalo, NY | $13,425,800 | $3,001,464 |
Grameen America Inc Jackson Heights, NY | $237,127,552 | $50,248,348 |
Provport Inc Providence, RI | $45,314,013 | $11,716,204 |
Homestart Inc Boston, MA | $5,713,584 | $14,864,192 |
The Community Action Agency Of Western Connecticut Inc Danbury, CT | $3,614,776 | $12,103,732 |
Massachusetts Manufacturing Extension Partnership Inc Auburn, MA | $5,456,400 | $10,807,956 |
Greater Jamaica Development Corp Jamaica, NY | $43,416,674 | $8,397,998 |
South Bronx Overall Economic Development Corporation Bronx, NY | $11,273,834 | $9,485,057 |
Dorchester Bay Economic Development Corporation Dorchester, MA | $50,118,730 | $16,286,134 |
National Basketball Association Foundation New York, NY | $26,984,536 | $31,000,000 |
Rdc Commercial Center Inc Brooklyn, NY | $15,313,985 | $4,091,889 |
Grow America Fund Inc Brooklyn, NY | $143,748,091 | $12,181,976 |