Advertising Club Of Greater Boston Inc
- Assets
- $732.3k
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 13
- Location
- Medford, MA
- Founding
- 06/1979
- Data as of
- 12/2021
- EIN
- 04-1016880
Organization Overview
Advertising Club Of Greater Boston Inc, operating under the name The Ad Club, is located in Medford, MA. The organization was established in 1979. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Ad Club employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ad Club 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 12/2021, Ad Club generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. 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
THE AD CLUB IS THE TRADE ASSOCIATION FOR THE NEW ENGLAND MARKETING & COMMUNICATIONS INDUSTRY. FOCUSED ON NETWORKING, EDUCATION, PROFESSIONAL DEVELOPMENT, ADVOCACY AND DIVERSITY, THE AD CLUB PRESENTS OVER 30 EVENTS AND PROGRAMS EVERY YEAR. LEGACY EVENTS LIKE THE HATCH AWARDS, MEDIA AUCTION, AND ROSOFF AWARDS RUN SIDE-BY-SIDE WITH THE LATEST IN NEW MEDIA AND THE DIGITAL LANDSCAPE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS OFFER COURSES THAT MARKETING PROFESSIONALS NEED TO INCREASE THEIR KNOWLEDGE AND GROW IN THEIR CAREERS. SOME OF OUR MOST POPULAR COURSES TEACH ABOUT TOPICS SUCH AS: CREATIVE CONCEPTING, CREATIVE BRIEF WRITING, DESIGN THINKING, PRESENTING IDEAS, AND DIGITAL MARKETING. WE ALSO DEVELOP COURSES THAT ARE CUSTOMIZED TO THE NEEDS OF A SPECIFIC TEAM WITHIN AN ORGANIZATION. WE HAVE CUSTOMIZED COURSES FOR COMPANIES SUCH AS CVS HEALTH, TJX, CITIZENS BANK AND BJS WHOLESALE CLUB.
WOMENS LEADERSHIP FORUM. THE WOMENS LEADERSHIP FORUM IS DEDICATED TO RECOGNIZING AND HONORING INSPIRATIONAL INDIVIDUALS FOR THEIR LEADERSHIP QUALITIES AND ACCOMPLISHMENTS. ALL HONOREES HAVE MADE A SIGNIFICANT CONTRIBUTION TO THEIR FIELD AND SHARE THEIR UNIQUE PERSONAL STORIES WITH ATTENDEES.
THE HATCH AWARDS. THE HATCH AWARDS ARE AN INDUSTRY CREATIVE SHOW TORECOGNIZE THE EXCELLENT WORK PERFORMED BY CREATIVE PEOPLE IN THEADVERTISING INDUSTRY IN NEW ENGLAND. CREATIVE WORK FROM ALL OVER THECOUNTRY IS SUBMITTED TO BE JUDGED BY A PANEL OF CREATIVE EXPERTS FROMAGENECIES OUTSIDE OF NEW ENGLAND. BREAK-THROUGH CREATIVE IDEAS ARESHOWCASED IN A GALA ENVIRONMENT WHERE CREATIVE ABILITY AND INNOVATIONARE REWARDED. THIS SHOW CAN MAKE THE CAREER OF A TALENTED YOUNGCREATIVE PERSON BY BRINGING RECOGNITION OF BUDDING TALENT.
OTHER MISCELLANEOUS PROGRAM TO FURTHER THE CHARITABLE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Kiely President | Officer | 40 | $350,186 |
Thomas Peterson Director Of Sales | 40 | $191,963 | |
Joshua Boyle Director Of Partnerships And Digital Engagement | 40 | $151,113 | |
Mary Pasciuccio Chief Marketing Officer | 40 | $137,500 | |
Barbara Goose Co-Chairman | OfficerTrustee | 2 | $0 |
Andrew Graff Co-Chairman | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $272,515 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $603,546 |
| All other contributions, gifts, grants, and similar amounts not included above | $537,500 |
| Noncash contributions included in lines 1a–1f | $537,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,413,561 |
| Total Program Service Revenue | $800,675 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $901,960 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,116,296 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $763 |
| 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. | $373,777 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $875,866 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $105,410 |
| Payroll taxes | $79,557 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,882 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $99,706 |
| Advertising and promotion | $0 |
| Office expenses | $12,708 |
| Information technology | $88,098 |
| Royalties | $0 |
| Occupancy | $10,332 |
| Travel | $8,981 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,435 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,058 |
| Insurance | $3,544 |
| All other expenses | $2,158 |
| Total functional expenses | $2,650,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,633 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $625,817 |
| Accounts receivable, net | $0 |
| 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 | $14,419 |
| Net Land, buildings, and equipment | $9,381 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $732,250 |
| Accounts payable and accrued expenses | $111,182 |
| Grants payable | $0 |
| Deferred revenue | $84,594 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $345,776 |
| 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 | $386,474 |
| Total liabilities and net assets/fund balances | $732,250 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Advertising Club Of Greater Boston Inc has recieved totaling $99,973.
| Awarding Organization | Amount |
|---|---|
The Ad Club Foundation Inc Medford, MA PURPOSE: Funding Rosoff Awards Show and Women's Leadership Programs | $89,973 |
Rockland Trust Charitable Foundation Rockland, MA PURPOSE: PROGRAM SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Old Westbury Golf & Country Club Inc Old Westbury, NY | $24,637,751 | $16,881,231 |
Innis Arden Golf Club Inc Old Greenwich, CT | $33,992,814 | $14,860,228 |
Hudson National Golf Club Inc Croton On Hudson, NY | $51,687,185 | $12,086,027 |
Nantucket Golf Club Inc Siasconset, MA | $41,080,926 | $8,761,983 |
Great Harbor Yacht Club Inc Nantucket, MA | $67,641,341 | $7,821,481 |
Fisher Island Club Inc Fishers Island, NY | $26,382,427 | $9,842,592 |
Golf Club Of Marthas Vineyard Inc Edgartown, MA | $54,618,022 | $7,664,048 |
Noyac Golf Club Inc Sag Harbor, NY | $25,263,669 | $11,022,614 |
Greenwich Water Club Inc Cos Cob, CT | $34,734 | $8,500,732 |
Huntington Crescent Club Inc Huntington, NY | $18,101,805 | $9,571,803 |
Mill River Club Inc Oyster Bay, NY | $11,730,867 | $8,340,769 |
Oakley Country Club Watertown, MA | $19,643,392 | $9,027,669 |