Kendall Square Association
- Assets
- $1.4m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 9
- Location
- Cambridge, MA
- Founding
- 07/2009
- Data as of
- 12/2022
- EIN
- 26-4036848
Organization Overview
Kendall Square Association is located in Cambridge, MA. The organization was established in 2009. 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. As of 12/2022, Kendall Square Association employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kendall Square Association 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 12/2022, Kendall Square Association generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 15.4% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE, PROMOTE, AND PROTECT THE KENDALL SQ. AREA IN CAMBRIDGE, MA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IDI OR INCLUSION DRIVES INNOVATION - DRIVEN BY THE BELIEF IN THE IMPORTANCE OF MAKING THIS INNOVATION ECOSYSTEM WELCOMING TO ALL, WE OFFER A TEN-WEEK PROFESSIONAL DEVELOPMENT PROGRAM TWICE A YEAR TO PROVIDE FOUNDATIONAL LEARNING IN ANTI-RACISM AND EQUITY, APPLYING FRAMEWORKS TO ORGANIZATIONAL SYSTEMS AND CULTURE, AND GUIDING TEAMS THROUGH EQUITY-CENTERED ORGANIZATIONAL ACTION PLANNING. IN 2022, MORE THAN 100 PEOPLE FROM DOZENS OF ORGANIZATIONS IN THE KENDALL COMMUNITY PARTICIPATED IN OUR IDI PROGRAM. WE CONVENE IDI PROGRAM ALUMNI REGULARLY TO MOVE THIS ESSENTIAL WORK FORWARD. WE ALSO HOST A SERIES OF FACILITATED SENIOR LEADERS CONVERSATIONS TO HELP ADDRESS DILEMMAS THAT ARISE AROUND EQUITY AND BELONGING. TAKEN TOGETHER, KSA'S IDI PROGRAMMING HAS CHANGED THE CONVERSATION AND INCREASED THE COMMUNITY'S COMMITMENT TO DIVERSITY, EQUITY, INCLUSION AND BELONGING.
KENDALL SQUARE CHALLENGE - KNOWING THAT COMPETITION AND COLLABORATION COMBINED HELP FUEL SCIENTIFIC BREAKTHROUGHS AND POWER SUPPORT FOR IMPORTANT CAUSES, WE HOST THE ANNUAL KENDALL SQUARE CHALLENGE TO BRING PEOPLE AND ORGANIZATIONS TOGETHER TO COMPETE AND COLLABORATE IN SUPPORT OF LOCAL NONPROFITS FOCUSED ON STEM EDUCATION, FOOD INSECURITY, SUBSTANCE ABUSE, AND MORE. THROUGH THIS WORK, THE KSA IS ABLE TO MAKE MEANINGFUL DONATIONS TO LOCAL NONPROFITS WHILE INCREASING THE COMMUNITY'S CONNECTIVITY.
SUSTAINABILITY - THE KSA'S ANNUAL MEETING IS MORE THAN A TRADITIONAL BOARD MEETING, IT'S A COMMUNITY-WIDE GATHERING WITH A FOCUS ON RAISING AWARENESS AND INSPIRING ACTION. IN 2022, THE FOCUS WAS ON SUSTAINABILITY AND FEATURED A PANEL OF EXPERTS FROM WITHIN THE COMMUNITY ON THE MANY WAYS THEIR ORGANIZATIONS ARE COMBATING CLIMATE CHANGES, FROM DEVELOPING CLIMATE-RESISTANT SEEDS, TO INCUBATING GREEN TECH COMPANIES, TO STRENGTHENING THE GRID. THIS PROGRAMMING CONTINUES TO BE A POWERFUL FORCE FOR CHANGE IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Kane Board | Trustee | 1 | $0 |
Brian Dacey Board | Trustee | 1 | $0 |
Bryan Koop Board | Trustee | 1 | $0 |
Caleb Hurst-Hiller Vice President | OfficerTrustee | 40 | $135,372 |
Chris Leary Executive Board Member | Trustee | 1 | $0 |
Eileen Elliot Board | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $807,312 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $717,588 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,541,400 |
| 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 | $1,541,400 |
| 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. | $275,635 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $380,867 |
| Pension plan accruals and contributions | $39,355 |
| Other employee benefits | $71,406 |
| Payroll taxes | $65,417 |
| 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 | $39,346 |
| Advertising and promotion | $49,963 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,510 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,299 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,483,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $969,535 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $444,225 |
| 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 | $11,096 |
| Net Land, buildings, and equipment | $4,451 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,429,307 |
| Accounts payable and accrued expenses | $12,143 |
| Grants payable | $0 |
| Deferred revenue | $911,725 |
| 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 | $60,542 |
| Total liabilities | $984,410 |
| 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 | $444,897 |
| Total liabilities and net assets/fund balances | $1,429,307 |