Pistoia Alliance
- Assets
- $1.8m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Wakefield, MA
- Founding
- 01/2010
- Data as of
- 06/2021
- 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 06/2021, Pistoia Alliance generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $2.4m during the year ending 06/2021. While expenses have increased by 15.2% per year over the past 6 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
2021
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 |
|---|---|---|---|
Steve Arlington President | Officer | 16 | $116,763 |
Ashley George Treasurer | Officer | 16 | $24,882 |
Martyn Wilkins Secretary Thru 7/1/2020 | Officer | 16 | $21,004 |
Errol Sandler Secretary | Officer | 16 | $21,000 |
Lars Greiffenberg Director | Trustee | 2 | $0 |
Kevin Julian Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Spark Communications Pr Consulting Services | 6/29/20 | $104,729 |
Dr Steve Arlington Consulting Limited Consulting Services | 6/29/20 | $113,263 |
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 | $478,606 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $478,606 |
| Total Program Service Revenue | $1,653,792 |
| Investment income | $141 |
| 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 | $2,132,539 |
| 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. | $231,483 |
| 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 | $28,573 |
| Fees for services: Accounting | $8,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,396,957 |
| Advertising and promotion | $3,956 |
| Office expenses | $13,632 |
| Information technology | $127,767 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $380 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,121 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,391 |
| All other expenses | $525,607 |
| Total functional expenses | $2,384,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $483,920 |
| Savings and temporary cash investments | $649,677 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $588,500 |
| 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 | $31,046 |
| 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 | $1,753,143 |
| Accounts payable and accrued expenses | $379,724 |
| Grants payable | $0 |
| Deferred revenue | $1,174,750 |
| 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 | $1,554,474 |
| Net assets without donor restrictions | $73,513 |
| Net assets with donor restrictions | $125,156 |
| 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 | $1,753,143 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Telecom Infra Project Inc Wakefield, MA | $19,363,144 | $19,879,167 |
Northeast Gas Association Inc Needham, MA | $15,830,312 | $17,592,560 |
International Trademark Association Inc New York, NY | $31,452,258 | $17,397,846 |
American Association Of Advertising Agencies Inc New York, NY | $18,840,338 | $16,325,912 |
Northeast Power Coordinating Council Inc New York, NY | $13,480,521 | $16,289,125 |
Global Seafood Alliance Inc Portsmouth, NH | $16,114,958 | $17,110,603 |
The Toy Association Inc New York, NY | $44,631,259 | $11,487,921 |
Private Label Manufacturers Association New York, NY | $11,255,640 | $8,374,810 |
Mohawk Valley Health System Utica, NY | $546,149,518 | $137,473,732 |
Acord Corporation Pearl River, NY | $47,591,189 | $27,875,680 |
Loan Syndications And Trading Association Inc New York, NY | $32,443,554 | $12,995,504 |
Chartered Alternative Investment Analyst Association Inc Amherst, MA | $10,766,695 | $9,878,929 |