Onset Bay Association Inc
- Assets
- $76.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Onset, MA
- Founding
- 10/1997
- Data as of
- 12/2022
- EIN
- 04-3160060
Organization Overview
Onset Bay Association Inc is located in Onset, MA. The organization was established in 1997. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, 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. Onset Bay Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Onset Bay Association Inc generated $101.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $100.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 5 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
2022
Describe the Organization's Program Activity:
Part 3
ONSET BAY ASSOCIATION, INC. TYPICALLY HOLDS OVER 30 ARTS AND PERFORMANCE EVENTS FOR LOCAL ARTISTS AND MUSICIANS TO ENHANCE THE QUALITY OF LIFE IN THE ONSET VILLAGE AREA. EVENTS ARE NO/LOW COST ADMISSIONS FOR LOW TO MODERATE INCOME PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Cobb Director | 3 | $0 | |
Jessica Ellis-Wilson Vice Preside | 2 | $0 | |
Sue Ann Murley Secretary | 2 | $0 | |
Melissa Goodell Director | 2 | $0 | |
Jannette Geribo Director | 1 | $0 | |
Patrick Marshall Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,685 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $101,685 |
| 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 | $15,565 |
| Occupancy, rent, utilities, and maintenance | $7,963 |
| Printing, publications, postage, and shipping | $43 |
| Other expenses | $76,842 |
| Total expenses | $100,413 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $57,390 |
| Other assets | $0 |
| Total assets | $76,163 |
| Total liabilities | $33,484 |
| Net assets or fund balances | $42,679 |