1berkshire Strategic Alliance Inc
- Assets
- $1.3m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 12
- Location
- Pittsfield, MA
- Founding
- 10/2011
- Data as of
- 06/2022
- EIN
- 27-3148082
Organization Overview
1berkshire Strategic Alliance Inc is located in Pittsfield, MA. The organization was established in 2011. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, 1berkshire Strategic Alliance Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 1berkshire Strategic Alliance 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 06/2022, 1berkshire Strategic Alliance Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.7% each year . All expenses for the organization totaled $2.0m during the year ending 06/2022. While expenses have increased by 30.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN AND GROW THE BERKSHIRE ECONOMY USING INNOVATIVE COLLABORATIVE APPROACH AMONG THE REGION'S BUSINESS, TOURISM, ECONOMIC, AND CREATIVE DEVELOPMENT EFFORTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO BUILD A UNIFIED ECONOMIC DEVELOPMENT ENGINE FOR THE BERKSHIRES, DESIGNED TO POSITION THE REGION TO THRIVE BY RETAINING AND ATTRACTING JOBS, TOURISM, AND CREATIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Butler President & CEO | Officer | 40 | $125,660 |
C Jeffrey Cook Clerk | OfficerTrustee | 0.24 | $0 |
Danielle Gonzalez Chair | OfficerTrustee | 0.24 | $0 |
Lori Kiely Treasurer | OfficerTrustee | 0.24 | $0 |
Don Dubendorf Director | Trustee | 0.24 | $0 |
Jonathan Denmark Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,065,468 |
| 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 | $1,065,468 |
| Total Program Service Revenue | $794,859 |
| Investment income | $7,178 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,121 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,045,284 |
| 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. | $125,660 |
| Compensation of current officers, directors, key employees. | $125,660 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $635,660 |
| Pension plan accruals and contributions | $23,828 |
| Other employee benefits | $20,318 |
| Payroll taxes | $58,955 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,312 |
| Fees for services: Other | $0 |
| Advertising and promotion | $445,814 |
| Office expenses | $10,146 |
| Information technology | $54,711 |
| Royalties | $0 |
| Occupancy | $56,342 |
| Travel | $17,982 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $561 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,500 |
| Insurance | $6,126 |
| All other expenses | $26,687 |
| Total functional expenses | $1,992,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,481 |
| Savings and temporary cash investments | $680,761 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $277,425 |
| 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 | $2,527 |
| Net Land, buildings, and equipment | $17,797 |
| Investments—publicly traded securities | $222,627 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,276 |
| Total assets | $1,307,894 |
| Accounts payable and accrued expenses | $403,431 |
| Grants payable | $0 |
| Deferred revenue | $566,233 |
| 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 | $948 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,276 |
| Total liabilities | $974,888 |
| Net assets without donor restrictions | $327,891 |
| Net assets with donor restrictions | $5,115 |
| 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 | $1,307,894 |
Grants Awarded
Over the last fiscal year, 1berkshire Strategic Alliance Inc has awarded $107,322 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GREYLOCK WORKS LLC PURPOSE: CHEESE AFFINAGE | $70,500 |
1BERKSHIRE STATEG FOUNDATION PURPOSE: GRANT | $24,862 |
TOWN OF ADAMS MA PURPOSE: VIC GRANT | $11,960 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that 1berkshire Strategic Alliance Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Williams College Williamstown, MA PURPOSE: PROGRAM SUPPORT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Telecom Infra Project Inc Wakefield, MA | $19,363,144 | $19,879,167 |
Northeast Gas Association Inc Needham, MA | $15,830,312 | $17,592,560 |
International Trademark Association Inc New York, NY | $31,452,258 | $17,397,846 |
American Association Of Advertising Agencies Inc New York, NY | $18,840,338 | $16,325,912 |
Northeast Power Coordinating Council Inc New York, NY | $13,480,521 | $16,289,125 |
Global Seafood Alliance Inc Portsmouth, NH | $16,114,958 | $17,110,603 |
The Toy Association Inc New York, NY | $44,631,259 | $11,487,921 |
Private Label Manufacturers Association New York, NY | $11,255,640 | $8,374,810 |
Mohawk Valley Health System Utica, NY | $546,149,518 | $137,473,732 |
Acord Corporation Pearl River, NY | $47,591,189 | $27,875,680 |
Loan Syndications And Trading Association Inc New York, NY | $32,443,554 | $12,995,504 |
Chartered Alternative Investment Analyst Association Inc Amherst, MA | $10,766,695 | $9,878,929 |