Solar Energy Business Association Of New England Inc is located in Westford, MA. The organization was established in 2002. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, 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. Solar Energy Business Association Of 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 12/2022, Solar Energy Business Association Of New England Inc generated $110.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $94.4k during the year ending 12/2022. While expenses have increased by 2.2% per year over the past 8 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
2022
Describe the Organization's Program Activity:
Part 3
ITS MISSION IS TO PROMOTE THE USE OF SOLAR ENERGY IN THE NEW ENGLAND REGION.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Sylvia President | 2 | $0 | |
Daniel Mello Guimaraes Vice Preside | 2 | $0 | |
Nick D'arbeloff Vice Preside | 2 | $0 | |
Omar Blayton Treasurer | 2 | $0 | |
Kathryn Cox-Arslan Board Member | 2 | $0 | |
Kathy Doyle Board Member | 2 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,539 |
| Total Program Service Revenue | $0 |
| Membership dues | $67,600 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$1,413 |
| Other Revenue | $0 |
| Total Revenue | $110,726 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $10,581 |
| Professional fees and other payments to independent contractors | $74,278 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,548 |
| Total expenses | $94,407 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $65,468 |
| Other assets | $0 |
| Total assets | $70,927 |
| Total liabilities | $14,701 |
| Net assets or fund balances | $56,226 |