Family Business Association Inc
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 05/2011
- Data as of
- 12/2020
- EIN
- 26-3984826
Organization Overview
Family Business Association Inc is located in Boston, MA. The organization was established in 2011. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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. Family Business 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.
Since 2020, Family Business Association Inc has awarded 12 individual grants totaling $156,590. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE CORPORATION IS TO ESTABLISH, MAINTAIN, AND OPERATE A NONPROFIT ORGANIZATION OF INDIVIDUALS AND ENITIES WHO SHARE A COMMON INTEREST AND EXPERIENCE IN FAMILY OWNED BUSINESS IN ORDER TO:I. PROMOTE THE DEVELOPMENT OF CREATIVE IDEAS, SERVICES AND PRODUCTS TO FURTHER SERVE THE FAMILY OWNED BUSINESS;II. FOSTER AND FACILITATE THE EXCHANGE OF INFORMATION REGARDING THE FAMILY OWNED BUSINESS;III. ADVANCE THE ORGANIZED AND PROFESSIONAL DELIVERY OF SERVICES AND PRODUCTS TO THE FAMILY OWNED BUSINESS;IV. ENCOURAGE THE DEVELOPMENT OF KNOWLEDGE AND EXPERTISE IN MATTERS RELATIVE TO THE FAMILY OWNED BUSINESS THROUGH SEMINARS, PAPERS, NEWSLETTERS, AWARD PROGRAMS AND OTHER MEANS;V. ASSIST ITS MEMBERS IN CONNECTION WITH THEIR PRODUCTS AND SERVICES TO THE FAMILY OWNED BUSINESS THROUGH ADVERTISING, REPRESENTATION AT TRADE SHOWS, INTRA-NETWORK REFERRALS AND OTHER MEANS;VI. DISSEMINATE INFORMATION TO IMPROVE OR DEVELOP MEMBER'S CAPABILITIES WITH RESPECT TO PROFESSIONAL CARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
NO EVENTS HELD IN 2020
NO EVENTS HELD IN 2020
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Tarlow ESQ President/director | OfficerTrustee | 2 | $0 |
Jeffrey Foley CPA Treasurer | Officer | 1 | $0 |
Catherine Watson ESQ Clerk & Vice President | Officer | 1 | $0 |
Albert Denapoli ESQ Director & Vice President | Trustee | 1 | $0 |
Brian Nagle JD Llm Director & Vice President | Trustee | 1 | $0 |
Jeffrey Davis Director & Vice President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $78,295 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,905 |
| All other expenses | $253 |
| Total functional expenses | $117,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Family Business Association Inc has awarded $156,590 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Cody, WY PURPOSE: BEQUEST | $19,574 |
New York, NY PURPOSE: BEQUEST | $19,574 |
Cody, WY PURPOSE: BEQUEST | $19,574 |
New York, NY PURPOSE: BEQUEST | $19,574 |
New York, NY PURPOSE: BEQUEST | $13,075 |
New York, NY PURPOSE: BEQUEST | $13,075 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Conference Board Inc New York, NY | $64,541,991 | $72,603,284 |
Securities Industry And Financial Markets Association Inc New York, NY | $42,827,387 | $47,657,181 |
34th Street Partnership Inc New York, NY | $17,652,180 | $14,359,330 |
Grand Central Partnership Inc New York, NY | $10,906,247 | $13,880,529 |
Greenpoint Manufacturing And Design Center Local Development Corp Gmdc Brooklyn, NY | $54,916,417 | $14,539,539 |
Southeastern New England Defense Industry Alliance Middletown, RI | $1,374,254 | $9,240,701 |
Ascendus Inc New York, NY | $45,777,812 | $14,588,685 |
Connstep Inc Hartford, CT | $5,391,864 | $6,270,830 |
Broad Hollow Bioscience Park Inc Farmingdale, NY | $30,625,721 | $3,689,454 |
Better Business Bureau Of Metropolitan New York Inc New York, NY | $2,973,168 | $5,685,810 |
Science Park Development Corporation New Haven, CT | $13,300,850 | $3,489,303 |
New York Society Of Security Analysts Inc New York, NY | $12,287,632 | $4,837,133 |