Pistoia Alliance
- Assets
- $1.8m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Wakefield, MA
- Founding
- 01/2010
- Data as of
- 06/2022
- EIN
- 26-4341868
Organization Overview
Pistoia Alliance is located in Wakefield, MA. The organization was established in 2010. 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. Pistoia Alliance 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 06/2022, Pistoia Alliance generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $2.6m during the year ending 06/2022. While expenses have increased by 14.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DRIVE COLLABORATION AND EMPOWER ORGANIZATIONS TO WORK TOGETHER FOR SUCCESS. THE ALLIANCE LOWERS BARRIERS TO R&D INNOVATION BY PROVIDING A LEGAL FRAMEWORK TO ENABLE STRAIGHTFORWARD AND SECURE PRE-COMPETITIVE COLLABORATION BETWEEN MORE THAN 100 GLOBAL MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PISTOIA ALLIANCE HELPS MANY DIFFERENT TYPES OF ORGANIZATIONS LOWER BARRIERS OF INNOVATION THROUGH PROGRAM PROJECTS, MEETINGS, AND A GENERAL FORUM FOR THOSE BUSINESSES AND INDIVIDUALS WHOSE FOCUS IS ON THE LIFE SCIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Huxley-Jones Director | Trustee | 2 | $0 |
Sara Cortese Director | Trustee | 2 | $0 |
Sergio Rotstein Director | Trustee | 2 | $0 |
Mike Tarselli Director | Trustee | 2 | $0 |
Christopher Waller Director | Trustee | 2 | $0 |
J Christian Baber Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dr Steve Arlington Consulting Limited Consulting Services | 6/29/20 | $113,263 |
Spark Communications Pr Consulting Services | 6/29/20 | $104,729 |
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 | $621,655 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $621,655 |
| Total Program Service Revenue | $2,024,948 |
| Investment income | $130 |
| 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 | $2,646,733 |
| 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. | $137,834 |
| 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 | $27,585 |
| Fees for services: Accounting | $1,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,487,986 |
| Advertising and promotion | $0 |
| Office expenses | $11,932 |
| Information technology | $107,940 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,415 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $99,938 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,005 |
| All other expenses | $0 |
| Total functional expenses | $2,619,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $467,207 |
| Savings and temporary cash investments | $649,807 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $592,470 |
| 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 | $14,587 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,377 |
| Total assets | $1,770,448 |
| Accounts payable and accrued expenses | $282,361 |
| Grants payable | $0 |
| Deferred revenue | $1,151,042 |
| 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 | $1,433,403 |
| Net assets without donor restrictions | -$150,727 |
| Net assets with donor restrictions | $487,772 |
| 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 | $1,770,448 |