Family Business Association Inc
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 05/2011
- Data as of
- 12/2020
- EIN
- 26-3984826
Organization Overview
Family Business Association Inc is located in Boston, MA. The organization was established in 2011. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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. Family Business Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE CORPORATION IS TO ESTABLISH, MAINTAIN, AND OPERATE A NONPROFIT ORGANIZATION OF INDIVIDUALS AND ENITIES WHO SHARE A COMMON INTEREST AND EXPERIENCE IN FAMILY OWNED BUSINESS IN ORDER TO:I. PROMOTE THE DEVELOPMENT OF CREATIVE IDEAS, SERVICES AND PRODUCTS TO FURTHER SERVE THE FAMILY OWNED BUSINESS;II. FOSTER AND FACILITATE THE EXCHANGE OF INFORMATION REGARDING THE FAMILY OWNED BUSINESS;III. ADVANCE THE ORGANIZED AND PROFESSIONAL DELIVERY OF SERVICES AND PRODUCTS TO THE FAMILY OWNED BUSINESS;IV. ENCOURAGE THE DEVELOPMENT OF KNOWLEDGE AND EXPERTISE IN MATTERS RELATIVE TO THE FAMILY OWNED BUSINESS THROUGH SEMINARS, PAPERS, NEWSLETTERS, AWARD PROGRAMS AND OTHER MEANS;V. ASSIST ITS MEMBERS IN CONNECTION WITH THEIR PRODUCTS AND SERVICES TO THE FAMILY OWNED BUSINESS THROUGH ADVERTISING, REPRESENTATION AT TRADE SHOWS, INTRA-NETWORK REFERRALS AND OTHER MEANS;VI. DISSEMINATE INFORMATION TO IMPROVE OR DEVELOP MEMBER'S CAPABILITIES WITH RESPECT TO PROFESSIONAL CARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
NO EVENTS HELD IN 2020
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Albert Denapoli ESQ Director & Vice President | Trustee | 1 | $0 |
Brian Nagle JD Llm Director & Vice President | Trustee | 1 | $0 |
Jeffrey Davis Director & Vice President | Trustee | 1 | $0 |
Edward Tarlow ESQ President/director | OfficerTrustee | 2 | $0 |
Catherine Watson ESQ Clerk & Vice President | Officer | 1 | $0 |
Jeffrey Foley CPA Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $78,295 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,905 |
| All other expenses | $253 |
| Total functional expenses | $117,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $0 |
| 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 | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Family Business Association Inc has awarded $78,295 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ASSOCIATES BEN-GURION UNIVERSITY OF THE NEGEV INC PURPOSE: BEQUEST | $19,574 |
MILITARY MOBILITY PURPOSE: BEQUEST | $19,574 |
RESEARCH INSTITUTE FOR LEARNING AND DEVELOPMENT PURPOSE: BEQUEST | $9,575 |
COMMUNITY THERAPEUTIC DAY SCHOOL INC PURPOSE: BEQUEST | $3,500 |
JDRF INTERNATIONAL PURPOSE: BEQUEST | $13,075 |
WIDE HORIZONS FOR CHILDREN INC PURPOSE: BEQUEST | $12,997 |