Massachusetts Business Aviation Association Inc
- Assets
- $18.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wayland, MA
- Founding
- 06/2009
- Data as of
- 12/2022
- EIN
- 56-2321963
Organization Overview
Massachusetts Business Aviation Association Inc is located in Wayland, MA. The organization was established in 2009. 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. Massachusetts Business Aviation Association 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, Massachusetts Business Aviation Association Inc generated $153.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.5% each year . All expenses for the organization totaled $169.1k during the year ending 12/2022. While expenses have increased by 30.6% 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
SCHOLARSHIPS FOR STUDENTS WHO ARE STUDYING AVIATION PROGRAMS AND ARE MASSACHUSETTS RESIDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Arena Executive Director | 5 | $24,000 | |
Lara Jaugust Treasurer | 1 | $0 | |
Garry Melia Director | 1 | $0 | |
Michael Francis Secretary | 1 | $0 | |
Sean Peterson Director | 1 | $0 | |
Max Grover Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $153,622 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $153,622 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $24,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $130,091 |
| Total expenses | $169,091 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $18,800 |
| Other assets | $0 |
| Total assets | $18,800 |
| Total liabilities | $0 |
| Net assets or fund balances | $18,800 |
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