Community Associations Institute
- Assets
- $1.0m
- Revenue
- $743.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Wellesley, MA
- Founding
- 06/1979
- Data as of
- 12/2022
- EIN
- 04-2652955
Organization Overview
Community Associations Institute is located in Wellesley, MA. The organization was established in 1979. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Community Associations Institute employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Community Associations Institute 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, Community Associations Institute generated $743.7k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $641.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 6 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE AND REPRESENT RESIDENTIAL COMMUNITY ASSOCIATIONS AND RELATED PROFESSIONALS AND SERVICE PROVIDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES, SEMINARS AND PROGRAMS CONDUCTED FOR ASSOCIATION HOMEOWNERS, BOARD MEMBERS, INDUSTRY PROFESSIONALS AND PROVIDERS OF ASSOCIATION PRODUCTS AND SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Costa Director | Trustee | 1 | $0 |
John Kadim Director | Trustee | 1 | $0 |
David Barrett Clerk | OfficerTrustee | 1 | $0 |
Tony Chiarelli Treasurer | OfficerTrustee | 1 | $0 |
Jill Wetmore-Piken President | OfficerTrustee | 1 | $0 |
Adam Williams Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $579,936 |
| Investment income | $2,282 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $41,520 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5 |
| Net Income from Fundraising Events | $63,917 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $743,694 |
| 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. | $199,727 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,779 |
| Pension plan accruals and contributions | $20,540 |
| Other employee benefits | $0 |
| Payroll taxes | $18,514 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,044 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,781 |
| Office expenses | $28,334 |
| Information technology | $9,124 |
| Royalties | $0 |
| Occupancy | $37,140 |
| Travel | $8,982 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $72,849 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,465 |
| Insurance | $22,635 |
| All other expenses | $929 |
| Total functional expenses | $641,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $761,884 |
| Savings and temporary cash investments | $132,159 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,380 |
| 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 | $276 |
| Net Land, buildings, and equipment | $5,822 |
| Investments—publicly traded securities | $63,828 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $55,034 |
| Total assets | $1,024,383 |
| Accounts payable and accrued expenses | $34,913 |
| Grants payable | $0 |
| Deferred revenue | $28,229 |
| 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 | $63,142 |
| 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 | $961,241 |
| Total liabilities and net assets/fund balances | $1,024,383 |