Chelmsford Business Association Inc
- Assets
- $45.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chelmsford, MA
- Founding
- 09/1991
- Data as of
- 12/2021
- EIN
- 04-3077071
Organization Overview
Chelmsford Business Association Inc is located in Chelmsford, MA. The organization was established in 1991. 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. Chelmsford Business 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 12/2021, Chelmsford Business Association Inc generated $31.3k 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 (6.6%) each year. All expenses for the organization totaled $28.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Boucher President | 2 | $0 | |
Paul Hardy Vice President | 2 | $0 | |
Amanda L'hussier Secretary | 2 | $0 | |
Jim Shannon Treasurer | 2 | $0 | |
Brian Reidy Director | 2 | $0 | |
Rick Romano Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,088 |
| Membership dues | $25,650 |
| Investment income | $385 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,226 |
| Other Revenue | $0 |
| Total Revenue | $31,349 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $28,517 |
| Total expenses | $28,517 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $45,507 |
| Other assets | $0 |
| Total assets | $45,507 |
| Total liabilities | $0 |
| Net assets or fund balances | $45,507 |
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