Back Bay Association Inc
- Assets
- $357.5k
- Revenue
- $543.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Boston, MA
- Founding
- 10/1944
- Data as of
- 12/2023
- EIN
- 04-1055210
Organization Overview
Back Bay Association Inc is located in Boston, MA. The organization was established in 1944. According to its NTEE Classification (G50) the organization is classified as: Nerve, Muscle & Bone Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2023, Back Bay Association Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Back Bay 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 12/2023, Back Bay Association Inc generated $543.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $569.3k during the year ending 12/2023. While expenses have increased by 5.4% 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
THE MISSION OF THE ASSOCIATION AND ITS MEMBERSHIP IS TO FOSTER THE CONTINUED COMMERCIAL STRENGTH OF THE BACK BAY AREA OF THE CITY OF BOSTON, AND TO INITIATE PROGRAMS THAT IMPROVE, PROMOTE, AND PROTECT THE QUALITY OF LIFE IN THE BACK BAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUED TO WORK WITH THE CITY OF BOSTON AND THE BOSTON PLANNING & DEVELOPMENT AGENCY ON NEW CONSTRUCTION PROJECTS AND REHABILITATION OF SECTIONS OF THE CITY OF BOSTON INCLUDING APPROVALS FOR EXPANDED HOUSING. REPRESENTATIVES OF THE ORGANIZATION SERVED ON THE BOSTON FINANCE COMMISSION AND THE BOARDS OF THE COPLEY SQUARE CHARITABLE TRUST AND THE FRIENDS OF COPLEY SQUARE. REPRESENTATIVES ALSO WORKED WITH VARIOUS LOCAL ORGANIZATIONS ON COMMUNITY IMPROVEMENTS.
TOTAL COSTS OF PROGRAM SERVICES
INITIATED AND PROMOTED PROGRAMS FOR COMMERCIAL AND CIVIC BETTERMENT, INCLUDING HOSTING OF NETWORKING AND INFORMATION EVENTS FOR ITS MEMBERS.
WORKED WITH THE CITY OF BOSTON ON VARIOUS ADVOCACY PROGRAMS INCLUDING HOMELESS PROGRAMS, TRANSPORTATION ISSUES, CITY CLEAN-UP PROGRAMS, RACE RELATIONS, AND PUBLIC IMPROVEMENT PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Mainzer President | Officer | 40 | $244,126 |
Brenda Adams Secretary | OfficerTrustee | $0 | |
Joseph Amante Director | Trustee | $0 | |
Cindy Brown Director | Trustee | $0 | |
Carlos Bueno Director | Trustee | $0 | |
Guy Busa Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $150,011 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,011 |
| Total Program Service Revenue | $0 |
| Investment income | $3,463 |
| 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 | $543,474 |
| 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. | $244,126 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,105 |
| Pension plan accruals and contributions | $7,353 |
| Other employee benefits | $3,235 |
| Payroll taxes | $17,056 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,051 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $29,000 |
| Office expenses | $5,296 |
| Information technology | $3,781 |
| Royalties | $0 |
| Occupancy | $34,695 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,687 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,605 |
| Insurance | $852 |
| All other expenses | $0 |
| Total functional expenses | $569,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,304 |
| Savings and temporary cash investments | $224,487 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,491 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,896 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,326 |
| Total assets | $357,504 |
| Accounts payable and accrued expenses | $0 |
| 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 | $16,402 |
| Total liabilities | $16,402 |
| 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 | $341,102 |
| Total liabilities and net assets/fund balances | $357,504 |