Massachusetts Community And Banking Council
- Assets
- $261.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 06/1991
- Data as of
- 06/2021
- EIN
- 04-3093735
Organization Overview
Massachusetts Community And Banking Council is located in Boston, MA. The organization was established in 1991. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, 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. Massachusetts Community And Banking Council 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 06/2021, Massachusetts Community And Banking Council generated $142.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $103.5k during the year ending 06/2021. 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
TO BRING TOGETHER COMMUNITY ORGANIZATIONS AND FINANCIAL INSTITUTIONS TO AFFECT POSITIVE CHANGE IN THE AVAILABILITY OF CREDIT AND FINANCIAL SERVICES ACROSS MASSACHUSETTS BY ENCOURAGING COMMUNITY INVESTMENT IN LOW AND MODERATE INCOME AND MINORITY GROUP NEIGHBORHOODS AND PROVIDING RESEARCH, OTHER INFORMATION, ASSISTANCE AND DIRECTION IN UNDERSTANDING AND ADDRESSING THE CREDIT AND FINANCIAL NEEDS OF LOW AND MODERATE INCOME INDIVIDUALS AND NEIGHBORHOODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Regan St Pierre Executive Director (until Aug 2020) | 40 | $59,089 | |
Kimberly Hirsh Interim Ed (as Of Nov 2020) | 40 | $5,730 | |
Karen Frederick Director | 1 | $0 | |
Sarah Lamitie Director | 1 | $0 | |
Jason Andrade Director | 1 | $0 | |
Lisa Joyner Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $141,950 |
| Investment income | $115 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $142,065 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $14,474 |
| Professional fees and other payments to independent contractors | $77,288 |
| Occupancy, rent, utilities, and maintenance | $522 |
| Printing, publications, postage, and shipping | $45 |
| Other expenses | $11,218 |
| Total expenses | $103,547 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $216,874 |
| Other assets | $0 |
| Total assets | $261,915 |
| Total liabilities | $55,351 |
| Net assets or fund balances | $206,564 |
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