Kendall Square Association
- Assets
- $1.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 10
- Location
- Cambridge, MA
- Founding
- 07/2009
- Data as of
- 12/2021
- 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 12/2021, Kendall Square Association employed 10 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 12/2021, Kendall Square Association generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 15.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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
OUR TRANSPORTATION SYSTEM IS FACING A MAJOR CRISIS. THIS YEAR, GREATER BOSTON EARNED THE DESIGNATION OF "WORST CONGESTION, AND YOU CAN'T FIND THE CURE FOR CANCER WHILE YOU'RE SITTING IN TRAFFIC. LEADERS IN KENDALL UNDERSTAND THAT IN FACING A CRISIS THERE IS AN OPPORTUNITY FOR INNOVATION. THE KSA HAS BEEN AT THE FOREFRONT OF ADVOCACY ON THIS ISSUE, EDUCATING OUR MEMBERS ABOUT THE ISSUES, AND CONVENING GROUPS TO PRIORITIZE SOLUTIONS. WE ALSO ANNOUNCED THE TRANSPORTATION ADVANCE, A CAMPAIGN THAT EMPOWERS KENDALL BUSINESSES TO LEAD ON TRANSPORTATION THROUGH ACTION. THIS CAMPAIGN USES AN EXPERIMENTAL MODEL THAT ENGAGES AND EMPOWERS EMPLOYEES TO EASE SHORT TERM PAIN WHILE EXPLORING LONG TERM SOLUTIONS.
HOW CAN WE FURTHER LEVERAGE KENDALL'S UNIQUE POWER OF PROXIMITY? HOW CAN WE STIMULATE MORE SERENDIPITOUS CONNECTIONS EVERY DAY? HOW CAN WE MAKE OUR STREETSCAPE LOOK LIKE YOU'RE GETTING A WINDOW INTO THE FUTURE? PLACEMAKING IS THE COLLABORATIVE COMMUNITY PROCESS THAT ANSWERS THESE QUESTIONS BY ACTIVATING AND EXPERIMENTING WITH OUR PUBLIC SPACES. IN 2019, WE FORMED A MULTI-STAKEHOLDER WORKING GROUP AND HOSTED A SERIES OF COMMUNITY DESIGN THINKING WORKSHOPS AND RESEARCH-- CONNECTING WITH PEOPLE FROM ALL ACROSS KENDALL AND GENERATING HUNDREDS OF IDEAS. IN THE COMING YEAR, EXPERIMENT AND EXPLORE WITH US AS WE WORK TO MAKE A MORE INVITING AND MEMORABLE KENDALL.
KENDALL'S LEADERS UNDERSTAND THAT TALENT IS EVENLY DISTRIBUTED AND THAT BIAS AND SYSTEMATIC DISCRIMINATION CAN BLOCK THE MOST TALENTED PEOPLE FROM BEING ABLE TO CONTRIBUTE TO THE FUTURE OF SCIENCE AND TECHNOLOGY. LAST YEAR, WE STARTED OUR JOURNEY IN THIS WORK BY HOSTING A SERIES OF COMMUNITY CONVERSATIONS ON HOW RACISM IMPACTS PEOPLE'S LIVES AT WORK. FROM THERE, WE BROUGHT TOGETHER 17 LEADERS FROM ACROSS KENDALL'S INDUSTRIES FOR A YEAR-LONG DIVERSITY, EQUITY AND INCLUSION LEARNING JOURNEY. IN 2020, THE LEARNING COMMUNITY'S WORK WILL PROPEL FORWARD IN THE FORM OF RESEARCH, CONVENINGS, AND OPPORTUNITIES FOR NETWORK BUILDING AMONG DEI CHAMPIONS AND BEST PRACTICE SHARING AMONG RECRUITERS, HR LEADS, AND OTHERS CHARGED WITH MOVING THE NEEDLE FORWARD ON YOUR ORGANIZATION'S DEI GOALS.
OUR TRANSPORTATION SYSTEM IS FACING A MAJOR CRISIS. THIS YEAR, GREATER BOSTON EARNED THE DESIGNATION OF "WORST CONGESTION, AND YOU CAN'T FIND THE CURE FOR CANCER WHILE YOU'RE SITTING IN TRAFFIC. LEADERS IN KENDALL UNDERSTAND THAT IN FACING A CRISIS THERE IS AN OPPORTUNITY FOR INNOVATION. THE KSA HAS BEEN AT THE FOREFRONT OF ADVOCACY ON THIS ISSUE, EDUCATING OUR MEMBERS ABOUT THE ISSUES, AND CONVENING GROUPS TO PRIORITIZE SOLUTIONS. WE ALSO ANNOUNCED THE TRANSPORTATION ADVANCE, A CAMPAIGN THAT EMPOWERS KENDALL BUSINESSES TO LEAD ON TRANSPORTATION THROUGH ACTION. THIS CAMPAIGN USES AN EXPERIMENTAL MODEL THAT ENGAGES AND EMPOWERS EMPLOYEES TO EASE SHORT TERM PAIN WHILE EXPLORING LONG TERM SOLUTIONS.
HOW CAN WE FURTHER LEVERAGE KENDALL'S UNIQUE POWER OF PROXIMITY? HOW CAN WE STIMULATE MORE SERENDIPITOUS CONNECTIONS EVERY DAY? HOW CAN WE MAKE OUR STREETSCAPE LOOK LIKE YOU'RE GETTING A WINDOW INTO THE FUTURE? PLACEMAKING IS THE COLLABORATIVE COMMUNITY PROCESS THAT ANSWERS THESE QUESTIONS BY ACTIVATING AND EXPERIMENTING WITH OUR PUBLIC SPACES. IN 2019, WE FORMED A MULTI-STAKEHOLDER WORKING GROUP AND HOSTED A SERIES OF COMMUNITY DESIGN THINKING WORKSHOPS AND RESEARCH-- CONNECTING WITH PEOPLE FROM ALL ACROSS KENDALL AND GENERATING HUNDREDS OF IDEAS. IN THE COMING YEAR, EXPERIMENT AND EXPLORE WITH US AS WE WORK TO MAKE A MORE INVITING AND MEMORABLE KENDALL.
KENDALL'S LEADERS UNDERSTAND THAT TALENT IS EVENLY DISTRIBUTED AND THAT BIAS AND SYSTEMATIC DISCRIMINATION CAN BLOCK THE MOST TALENTED PEOPLE FROM BEING ABLE TO CONTRIBUTE TO THE FUTURE OF SCIENCE AND TECHNOLOGY. LAST YEAR, WE STARTED OUR JOURNEY IN THIS WORK BY HOSTING A SERIES OF COMMUNITY CONVERSATIONS ON HOW RACISM IMPACTS PEOPLE'S LIVES AT WORK. FROM THERE, WE BROUGHT TOGETHER 17 LEADERS FROM ACROSS KENDALL'S INDUSTRIES FOR A YEAR-LONG DIVERSITY, EQUITY AND INCLUSION LEARNING JOURNEY. IN 2020, THE LEARNING COMMUNITY'S WORK WILL PROPEL FORWARD IN THE FORM OF RESEARCH, CONVENINGS, AND OPPORTUNITIES FOR NETWORK BUILDING AMONG DEI CHAMPIONS AND BEST PRACTICE SHARING AMONG RECRUITERS, HR LEADS, AND OTHERS CHARGED WITH MOVING THE NEEDLE FORWARD ON YOUR ORGANIZATION'S DEI GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caleb Hurst-Hiller Vice President | OfficerTrustee | 40 | $27,073 |
Kendra Foley Vice President | OfficerTrustee | 40 | $14,092 |
Mike Owu Secretary, Executive Board Member | OfficerTrustee | 1 | $0 |
Bill Kane Board | Trustee | 1 | $0 |
Brian Dacey Board | Trustee | 1 | $0 |
Bryan Koop Board | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $700,416 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $705,388 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,405,804 |
| 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 | $1,405,804 |
| 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. | $41,165 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $614,664 |
| Pension plan accruals and contributions | $12,256 |
| Other employee benefits | $62,250 |
| Payroll taxes | $52,213 |
| 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 | $40,134 |
| Advertising and promotion | $60,372 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,938 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,533 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,301,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,016,065 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $269,300 |
| 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 | $6,560 |
| Net Land, buildings, and equipment | $7,766 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $150,000 |
| Total assets | $1,449,691 |
| Accounts payable and accrued expenses | $34,092 |
| Grants payable | $0 |
| Deferred revenue | $907,049 |
| 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 | $121,754 |
| Total liabilities | $1,062,895 |
| 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 | $386,796 |
| Total liabilities and net assets/fund balances | $1,449,691 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kendall Square Association has recieved totaling $67,500.
| Awarding Organization | Amount |
|---|---|
Cambridge Community Foundation Cambridge, MA PURPOSE: PROGRAM ASSISTANCE | $67,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Commonwell Health Alliance Inc Boston, MA | $1,975,770 | $5,889,825 |
Better Business Bureau Inc Amherst, NY | $5,688,613 | $4,388,157 |