New England Press Association Inc
- Assets
- $220.8k
- Revenue
- $276.3k
- Investments
- $0.0
- Employees
- 12
- Location
- Woburn, MA
- Founding
- 06/1971
- Data as of
- 06/2021
- EIN
- 04-6179637
Organization Overview
New England Press Association Inc is located in Woburn, MA. The organization was established in 1971. 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. As of 06/2021, New England Press Association Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New England Press 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 06/2021, New England Press Association Inc generated $276.3k 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 (9.3%) each year. All expenses for the organization totaled $267.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZES ANNUAL CONVENTIONS AND TRADE SHOWS FOR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZED ANNUAL BETTER NEWSPAPER CONTEST TO PROMOTE JOURNALISTIC EXCELLENCE. OVER 3,000 PARTICIPANTS. MONTHLY BULLETIN FOR MORE THAN 500 MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Meyer Vice President | Officer | 1 | $0 |
Terrence Williams Treasurer | Officer | 1 | $0 |
George Arwady President | Officer | 1 | $0 |
Linda Conway Executive Director | Officer | 5 | $0 |
Kristen Nevious Director | Trustee | 0 | $0 |
Peter Haggerty Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $177,908 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $177,908 |
| Total Program Service Revenue | $78,923 |
| Investment income | $2,844 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $276,303 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $163,408 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,730 |
| Payroll taxes | $20,500 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,800 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $619 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $274 |
| Insurance | $6,261 |
| All other expenses | $31,820 |
| Total functional expenses | $267,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,368 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,585 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,762 |
| Net Land, buildings, and equipment | $1,055 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $220,770 |
| Accounts payable and accrued expenses | $105,910 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $105,910 |
| Net assets without donor restrictions | $114,860 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $220,770 |
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