A Better City Inc
- Assets
- $3.0m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 16
- Location
- Boston, MA
- Founding
- 09/1989
- Data as of
- 12/2023
- EIN
- 04-3036987
Organization Overview
A Better City Inc is located in Boston, MA. The organization was established in 1989. 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. As of 12/2023, A Better City Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. A Better City 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, A Better City Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $2.5m during the year ending 12/2023. While expenses have increased by 0.3% 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
A BETTER CITY IS A DIVERSE GROUP OF BUSINESS LEADERS UNITED AROUND A COMMON GOAL-TO ENHANCE BOSTON AND THE REGION'S ECONOMIC HEALTH, COMPETITIVENESS, VIBRANCY, SUSTAINABILITY AND QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSPORTATION & INFRASTRUCTURE:A BETTER CITY COMPLETED FURTHER REFINEMENT OF AN AT-GRADE ALTERNATIVE FOR REPLACEMENT OF THE I-90 VIADUCT AND REDESIGN OF RAIL, PEDESTRIAN AND BICYCLE FACILITIES ADJACENT TO THE ALLSTON INTERCHANGE. A BETTER CITY ALSO MANAGED THE SEAPORT LEADERSHIP GROUP (SLG)IN SOUTH BOSTON. THE SLG IS MAKING SIGNIFICANT PROGRESS IN UNIFYING THE VOICE OF THE BUSINESS COMMUNITY IN THE SEAPORT AND ADVANCING IMPORTANT TRANSPORTATION PROJECTS FOR THIS VITAL ECONOMIC CENTER. ABC CONTINUES TO ADVANCE,ALONG WITH MBTA,THE IMPLEMENTATION OF AUTOMATIC TRAIN OPERATIONS INTO ITS RED AND ORANGE LINE VEHICLE OVERHAUL PLANS. ADDITIONALLY, ABC IS WORKING WITH THE MBTA AND MASSDOT ON INNOVATIVE TRANSPORTATION PROJECTS TO BUILD CAPACITY AND IMPROVE REGIONAL RAIL.
LAND USE & DEVELOPMENT:A BETTER CITY IS MANAGING THE GREENWAY BUSINESS IMPROVEMENT DISTRICT (BID), ONLY THE 2ND BID IN BOSTON AND 6TH ACTIVE BID IN THE COMMONWEALTH OF MASSACHUSETTS. THE GREENWAY BID ESTABLISHES A LONG-TERM SUSTAINABLE FUNDING STRUCTURE FOR THE ROSE KENNEDY GREENWAY THAT WILL LONG PROTECT AND ENHANCE THE PARK FOR YEARS TO COME. ADDITIONALLY, A BETTER CITY ADVANCED TWO NEW CONCEPTUAL URBAN DESIGN PROPOSALS FOR PEDESTRIAN PLANS/PLAZAS IN BOSTON TO THE BOSTON TRANSPORTATION DEPARTMENT. FINALLY, THE PUBLIC IMPROVEMENT COMMISSION IS NOW IMPLEMENTING UPDATED PUBLIC REALM GUIDELINES THAT A BETTER CITY INITATED AND ADVANCED.
ENVIRONMENT & ENERGY:THROUGH RESEARCH, POLICY, PROGRAMMING AND EDUCATION, WE WORK WITH MEMBERS TO GIVE VOICE TO THE BUSINESS COMMUNITY ON ENERGY AND ENVIRONMENT ISSUES. OUR POLICY WORK IS BASED ON AN APPROVED ENERGY & ENVIRONMENT POLICY AGENDA, ALLOWING US TO ADVOCATE AT A CITY AND STATE LEVEL, AND WITH UTILITIES. WE CONDUCT RESEARCH ON TOPICS RELEVANT TO ADVANCING MITIGATION AND ADAPTATION OF THE BUILT ENVIRONMENT; OUR MOST CURRENT RESEARCH TOPIC IS CARBON OFFSETS. WE HOST MEETINGS AND EVENTS WITH OUR ADVISORY COMMITTEE, MEMBERS AND THE PUBLIC AT LARGE ON POLICY OR RESEARCH TOPICS RELEVANT TO THE BUSINESS COMMUNITY'S ENERGY AND ENVIRONMENTAL PRIORITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Sherman Stamler Vice Chair | OfficerTrustee | 0 | $0 |
Edward Ladd Treasurer | OfficerTrustee | 0 | $0 |
Jeanne Pinado Assistant Treasurer | OfficerTrustee | 0 | $0 |
Elizabeth Grob Clerk | OfficerTrustee | 0 | $0 |
James Tierney Chair | OfficerTrustee | 0 | $0 |
Kara Buckley Vice Chair | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $270,150 |
| Related organizations | $315,572 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,613 |
| Noncash contributions included in lines 1a–1f | $10,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $626,335 |
| Total Program Service Revenue | $1,911,422 |
| Investment income | $31,860 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,784 |
| Net Income from Fundraising Events | -$83,558 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,489,114 |
| 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. | $656,032 |
| Compensation of current officers, directors, key employees. | $73,379 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $800,065 |
| Pension plan accruals and contributions | $24,929 |
| Other employee benefits | $90,829 |
| Payroll taxes | $72,855 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $199,051 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,194 |
| Advertising and promotion | $0 |
| Office expenses | $67,982 |
| Information technology | $25,426 |
| Royalties | $0 |
| Occupancy | $209,895 |
| Travel | $4,355 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,052 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,614 |
| Insurance | $17,416 |
| All other expenses | $219,574 |
| Total functional expenses | $2,491,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,550 |
| Savings and temporary cash investments | $662,161 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $204,601 |
| 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 | $33,128 |
| Net Land, buildings, and equipment | $80,197 |
| Investments—publicly traded securities | $1,047,612 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $848,101 |
| Total assets | $2,979,350 |
| Accounts payable and accrued expenses | $329,681 |
| Grants payable | $0 |
| Deferred revenue | $242,447 |
| 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 | $1,420,211 |
| Total liabilities | $1,992,339 |
| Net assets without donor restrictions | $977,011 |
| Net assets with donor restrictions | $10,000 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,979,350 |