Onset Bay Association Inc
- Assets
- $108.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Onset, MA
- Founding
- 10/1997
- Data as of
- 12/2021
- 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 12/2021, Onset Bay Association Inc generated $66.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $74.5k during the year ending 12/2021. While expenses have increased by 18.0% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
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. DURING 2021, SOME EVENTS RESUMED AS COVID-19 RESTRICTIONS WERE LESSENED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Ellis-Wilson Vice Preside | 2 | $0 | |
Christine Damiano Secretary 1/ | 1 | $0 | |
Timothy Bigelow Treasurer | 1 | $0 | |
Sue Ann Murley Secretary 4/ | 1 | $0 | |
Patrick Marshall Director | 1 | $0 | |
Kristi Cornuet Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,399 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $66,400 |
| 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 | $15,128 |
| Occupancy, rent, utilities, and maintenance | $7,898 |
| Printing, publications, postage, and shipping | $45 |
| Other expenses | $51,440 |
| Total expenses | $74,511 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $92,541 |
| Other assets | $0 |
| Total assets | $108,752 |
| Total liabilities | $67,345 |
| Net assets or fund balances | $41,407 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Onset Bay Association Inc has recieved totaling $12,867.
| Awarding Organization | Amount |
|---|---|
Shea Fam Foundation Tr Newton, MA PURPOSE: SUPPORT ACCESS TO THE ARTS IN THE LOCAL COMMUNITY | $8,000 |
Eastern Bank Charitable Foundation Lynn, MA PURPOSE: EXEMPT PURPOSE | $2,500 |
Caroline D Bloomer Charitable Trust Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $2,000 |
Arbella Insurance Foundation Inc Boston, MA PURPOSE: UNRESTRICTED OPERATING FUNDS | $285 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $82 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Codman Square Neighborhood Development Corporation Dorchester, MA | $49,534,179 | $9,221,133 |
Broc-Community Action In Southwestern Vermont Rutland, VT | $4,592,577 | $9,366,618 |
Blackstone Valley Community Action Program Inc Pawtucket, RI | $2,776,542 | $8,877,966 |
Urban Edge Housing Corp Roxbury, MA | $48,065,772 | $13,249,471 |
Jamaica Plain Neighborhood Development Corporation Jamaica Plain, MA | $42,347,137 | $8,553,419 |
Fifth Avenue Association Business Improvement District Inc New York, NY | $1,371,227 | $6,747,998 |
Fifth Avenue Committee Incorporated Brooklyn, NY | $7,015,493 | $7,933,714 |
Hamden Economic Developmente Corporation Hamden, CT | $3,370,551 | $167,824 |
Opportunity Communities Llc Chelsea, MA | $1,253,175 | $6,991,638 |
Just A Start Inc Cambridge, MA | $43,187,600 | $7,410,722 |
Highbridge Community Development Corporation Bronx, NY | $13,193,541 | $8,682,034 |
National Association Of City Transportation Officials Inc New York, NY | $6,540,874 | $5,711,482 |