Construction Financial Management Association
- Assets
- $112.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Medford, MA
- Founding
- 09/1986
- Data as of
- 03/2021
- EIN
- 56-2613561
Organization Overview
Construction Financial Management Association is located in Medford, MA. The organization was established in 1986. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Construction Financial Management Association 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 03/2021, Construction Financial Management Association generated $23.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $12.6k during the year ending 03/2021. As we would expect to see with falling revenues, expenses have declined by (17.4%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONDUCT EDUCATIONAL SEMINARS THROUGHOUT THE YEAR TO THE CONSTRUCTION INDUSTRY AND THEIR RELATED FIELDS. PROVIDE YEARLY SCHOLARSHIPS THROUGH CHARITY GOLF TOURNAMENTS TO BENEFIT COLLEGE STUDENT ENROLLED IN ACCOUNTING PROGRAMS WHO HAVE RELATED CONSTRUCTION EXPERIENCE.
Describe the Organization's Program Activity:
Part 3
VARIOUS EDUCATIONAL SEMINARS
PROVIDE SCHOLARSHIPS TO QUALIFIED, DESERVING INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Swain Director | 2 | $0 | |
Eric Lambert Director | 2 | $0 | |
Clare Connell Director | 2 | $0 | |
Gregory Steele President & Director | 2 | $0 | |
Greg Kirshe Director | 2 | $0 | |
Christina Pignio Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,616 |
| Membership dues | $5,176 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $8,757 |
| Other Revenue | $4,961 |
| Total Revenue | $23,510 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,124 |
| Total expenses | $12,624 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $112,666 |
| Other assets | $0 |
| Total assets | $112,666 |
| Total liabilities | $0 |
| Net assets or fund balances | $112,666 |
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Cat Nms Llc New York, NY | $0 | $6,303,484 |
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Greater New York Automobile Dealers Association Whitestone, NY | $65,972,568 | $4,689,490 |
Downtown Boston Business Improvement District Corporation Boston, MA | $4,039,139 | $7,235,337 |
Greater Boston Chamber Of Commerce Boston, MA | $11,076,057 | $7,257,999 |