The Boston Winter Ball Corporation
- Assets
- $69.3k
- Revenue
- $470.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Natick, MA
- Founding
- Data as of
- 12/2018
- EIN
- 27-4099031
Organization Overview
The Boston Winter Ball Corporation is located in Natick, MA. Boston Winter Ball Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2018, Boston Winter Ball Corporation generated $470.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $454.8k during the year ending 12/2018. While expenses have increased by 6.6% per year over the past 4 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
THE BOSTON WINTER BALL IS A 501(C)(3) TAX-EXEMPT ORGANIZATION DEDICATED TO ENGAGING THE YOUNG LEADERS OF BOSTON BY BRINGING THEM TOGETHER IN SUPPORT OF GREAT CAUSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BOSTON WINTER BALL IS AN ANNUAL BLACK TIE EVENT THAT CATERS TO SOCIAL AND CIVICALLY-MINDED YOUNG PROFESSIONALS IN THE BOSTON AREA. THE EVENT CONSISTS OF A LIVE BAND, BEVERAGES, FOOD, AND OTHER ENTERTAINMENT. APPROXIMATELY 850 PEOPLE PARTICIPATED IN THE EVENT, WHICH BENEFITED THE COREY C. GRIFFIN FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Kapos President/director | OfficerTrustee | 8 | $0 |
Alex Bain Clerk/director | OfficerTrustee | 2 | $0 |
Michael Huffstetler Treasurer/director | OfficerTrustee | 8 | $0 |
Adam Reasoner Director | Trustee | 2 | $0 |
Allen Potts Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $577,572 |
| 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 | $577,572 |
| Total Program Service Revenue | $0 |
| Investment income | $3,530 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$110,721 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $470,381 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $400,000 |
| 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 | $26,868 |
| Fees for services: Legal | $12,825 |
| Fees for services: Accounting | $9,824 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,700 |
| Advertising and promotion | $254 |
| Office expenses | $1,866 |
| 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 | $756 |
| All other expenses | $724 |
| Total functional expenses | $454,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,091 |
| 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 | $3,175 |
| 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 | $69,266 |
| Accounts payable and accrued expenses | $14,410 |
| 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 | $14,410 |
| Unrestricted restricted net Assets | $54,856 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $54,856 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that The Boston Winter Ball Corporation has recieved totaling $126,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $53,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $53,000 |
Boston Foundation Inc Boston, MA PURPOSE: Operating Support/Annual Fund | $10,000 |
Boston Foundation Inc Boston, MA PURPOSE: Operating Support/Annual Fund | $10,000 |
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