1berkshire Strategic Alliance Inc
- Assets
- $944.2k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 11
- Location
- Pittsfield, MA
- Founding
- 10/2011
- Data as of
- 06/2024
- 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 06/2024, 1berkshire Strategic Alliance Inc employed 11 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 06/2024, 1berkshire Strategic Alliance Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 23.8% each year . All expenses for the organization totaled $1.8m during the year ending 06/2024. While expenses have increased by 21.8% per year over the past 9 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
2024
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 | $150,475 |
Scott St George Director | Trustee | 0 | $0 |
Jonathan Denmark Director | Trustee | 0 | $0 |
Peter Stasiowksi Treasurer | OfficerTrustee | 0.24 | $0 |
C Jeffrey Cook Clerk | OfficerTrustee | 0.24 | $0 |
Thomas Dubois Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $901,440 |
| 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 | $901,440 |
| Total Program Service Revenue | $794,430 |
| Investment income | $10,595 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,277 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,827,701 |
| 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. | $150,475 |
| Compensation of current officers, directors, key employees. | $150,475 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $643,695 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,596 |
| Payroll taxes | $63,516 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,300 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,333 |
| Fees for services: Other | $0 |
| Advertising and promotion | $482,409 |
| Office expenses | $7,645 |
| Information technology | $71,232 |
| Royalties | $0 |
| Occupancy | $56,342 |
| Travel | $25,539 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,642 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,247 |
| Insurance | $8,987 |
| All other expenses | $38,315 |
| Total functional expenses | $1,828,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,084 |
| Savings and temporary cash investments | $121,616 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $300,435 |
| 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 | $10,809 |
| Net Land, buildings, and equipment | $6,752 |
| Investments—publicly traded securities | $284,586 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $199,954 |
| Total assets | $944,236 |
| Accounts payable and accrued expenses | $222,822 |
| Grants payable | $0 |
| Deferred revenue | $162,629 |
| 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 | $207,683 |
| Total liabilities | $593,134 |
| Net assets without donor restrictions | $345,987 |
| 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 | $944,236 |
Grants Awarded
Over the last fiscal year, 1berkshire Strategic Alliance Inc has awarded $107,322 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
1BERKSHIRE STATEG FOUNDATION PURPOSE: GRANT | $24,862 |
GREYLOCK WORKS LLC PURPOSE: CHEESE AFFINAGE | $70,500 |
TOWN OF ADAMS MA PURPOSE: VIC GRANT | $11,960 |