Bridgewater Improvement Association Inc
- Assets
- $345.2k
- Revenue
- $103.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Bridgewater, MA
- Founding
- 11/1970
- Data as of
- 03/2023
- EIN
- 04-6075217
Organization Overview
Bridgewater Improvement Association Inc is located in Bridgewater, MA. The organization was established in 1970. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, 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. Bridgewater Improvement 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 03/2023, Bridgewater Improvement Association Inc generated $103.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $71.8k during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
LANDSCAPING, REVITALIZATION AND MAINTENANCE TO BEAUTIFY BRIDGEWATER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marilee Hunt President | 12 | $0 | |
Marjorie Elliot Treasurer | 5 | $0 | |
William Maltby Vice President | 1.5 | $0 | |
Donna Kelly Secretary | 1.5 | $0 | |
Maureen Minasian Director | 1 | $0 | |
Raymond Ajemian Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,678 |
| Interest on Savings | $10 |
| Dividends & Interest | $1,297 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,727 |
| Capital Gain Net Income | $1,727 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $103,712 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $69,632 |
| Total operating and administrative expenses | $71,791 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $71,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,215 |
| Savings and temporary cash investments | $39,004 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $200,000 |
| Other assets | $0 |
| Total assets | $345,219 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |