East Cambridge Business Association Inc
- Assets
- $220.6k
- Revenue
- $273.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Cambridge, MA
- Founding
- 08/2013
- Data as of
- 12/2023
- EIN
- 80-0417744
Organization Overview
East Cambridge Business Association Inc is located in Cambridge, MA. The organization was established in 2013. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, 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. East Cambridge Business Association Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, East Cambridge Business Association Inc generated $273.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $264.8k during the year ending 12/2023. While expenses have increased by 28.4% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND MAINTAIN SUSTAINABLE COMMERCE IN EAST CAMBRIDGE; TO BE A SINGLE VOICE FOR ITS MEMBERS; TO PROMOTE ACTIVITIES THAT BOND EAST CAMBRIDGE BUSINESSES WITH THEIR NEIGHBORHOOD; TO PRESERVE THE HISTORICAL INTEGRITY AND IMPORTANCE OF EAST CAMBRIDGE; AND TO PROMOTE AN ACTIVE STEWARDSHIP OF OUR NEIGHBORHOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AND MAINTAIN SUSTAINABLE COMMERCE IN EAST CAMBRIDGE; TO BE A SINGLE VOICE FOR ITS MEMBERS; TO PROMOTE ACTIVITIES THAT BOND EAST CAMBRIDGE BUSINESSES WITH THEIR NEIGHBORHOOD; TO PRESERVE THE HISTORICAL INTEGRITY AND IMPORTANCE OF EAST CAMBRIDGE; AND TO PROMOTE AN ACTIVE STEWARDSHIP OF OUR NEIGHBORHOOD.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Magee President | OfficerTrustee | 1 | $0 |
Carl Fantasia Director | Trustee | 1 | $0 |
Steven Lamaster Director | Trustee | 1 | $0 |
Mark Rogers Director | Trustee | 1 | $0 |
Michael Grill Director | Trustee | 1 | $0 |
Michael Ring Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $31,470 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $183,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $214,670 |
| Total Program Service Revenue | $45,802 |
| Investment income | $3,569 |
| 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 | $7,379 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $273,470 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,800 |
| 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. | $135,918 |
| Compensation of current officers, directors, key employees. | $47,571 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,486 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,369 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,389 |
| Advertising and promotion | $317 |
| Office expenses | $16,059 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,642 |
| Travel | $85 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,466 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,850 |
| All other expenses | $0 |
| Total functional expenses | $264,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,765 |
| Savings and temporary cash investments | $153,980 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $815 |
| 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 | $220,560 |
| Accounts payable and accrued expenses | $3,150 |
| 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 | $3,150 |
| 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 | $217,410 |
| Total liabilities and net assets/fund balances | $220,560 |