Downtown Framingham Inc
- Assets
- $7.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Framingham, MA
- Founding
- 04/2009
- Data as of
- 12/2022
- EIN
- 26-2634709
Organization Overview
Downtown Framingham Inc is located in Framingham, MA. The organization was established in 2009. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood 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. Downtown Framingham 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 12/2022, Downtown Framingham Inc generated $141.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $138.2k during the year ending 12/2022. While expenses have increased by 0.9% 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
2022
Describe the Organization's Program Activity:
Part 3
TO ASSIST IN THE REVITALIZATION OF DOWNTOWN FRAMINGHAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne O'connell President | 10 | $0 | |
Anthony Lucivero Executive Dir. | 40 | $75,000 | |
Brooke Harvey Social Media Co | 20 | $11,700 | |
Alex Paiva Business Outrea | 20 | $20,800 | |
Brian Li Treasurer | 10 | $0 | |
Leslie White Harvey Vice President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,051 |
| Total Program Service Revenue | $11,260 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $141,311 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $116,812 |
| Professional fees and other payments to independent contractors | $3,416 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $18,007 |
| Total expenses | $138,235 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,083 |
| Other assets | $0 |
| Total assets | $7,348 |
| Total liabilities | $169,594 |
| Net assets or fund balances | -$162,246 |