Newbury Street League Inc
- Assets
- $185.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Boston, MA
- Founding
- 01/2004
- Data as of
- 12/2021
- EIN
- 04-3046769
Organization Overview
Newbury Street League Inc is located in Boston, MA. The organization was established in 2004. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newbury Street League 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 12/2021, Newbury Street League Inc generated $86.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $115.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
HOLIDAY LIGHTS IS TO BRING POSITIVE ATOMOSPHERE TO NEWBURY STREET
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele S Messino Secretary | 40 | $82,500 | |
L Joyce Hampers President | 1 | $0 | |
Nunzio Bellofatto Vice President | 1 | $0 | |
Robert Weintraub Vice President | 1 | $0 | |
Ann Heimlicher Treasurer | 1 | $0 | |
Cheryl Clarkson Board Of Directors | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $50,050 |
| Investment income | $35,387 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $706 |
| Total Revenue | $86,143 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $82,500 |
| Professional fees and other payments to independent contractors | $27,404 |
| Occupancy, rent, utilities, and maintenance | $4,316 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,119 |
| Total expenses | $115,339 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $185,097 |
| Other assets | $0 |
| Total assets | $185,097 |
| Total liabilities | $0 |
| Net assets or fund balances | $185,097 |
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