Boston Asset Management Association Incorporated

Organization Overview

Boston Asset Management Association Incorporated is located in Needham, MA. The organization was established in 2016. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Asset Management Association Incorporated 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, Boston Asset Management Association Incorporated generated $270.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $266.0k during the year ending 12/2022. While expenses have increased by 2.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO ADVANCE THE ASSET MANAGEMENT INDUSTRY IN BOSTON AND MASSACHUSETTS AND THEREBY TO POSITIVELY AFFECT THE ECONOMY OF BOSTON AND MASSACHUSETTS; TO ADVOCATE FAIR AND EQUITABLE PUBLIC POLICIES AFFECTING THE INTERESTS OF ORGANIZATIONS IN THE ASSET MANAGEMENT INDUSTRY AND THEIR EMPLOYEES; TO INCULATE JUST AND EQUITABLE PRINCIPLES IN THE INDUSTRY, AND; TO ACQUIRE, POSESS AND DISSEMINATE USEFUL INFORMATION TO AND FOR ORGANIZATIONS IN THE INDUSTRY; AND GENERALLY TO PROMOTE THE WELFARE OF ASSET MANAGEMENT ORGANIZATIONS AND THEIR EMPLOYEES AND THE PROSPERITY OF THE COMMONWEALTH OF MASSACHUSETTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO ADVANCE THE ASSET MANAGEMENT INDUSTRY IN BOSTON AND MASSACHUSETTS AND THEREBY TO POSITIVELY AFFECT THE ECONOMY OF BOSTON AND MASSACHUSETTS; TO ADVOCATE FAIR AND EQUITABLE PUBLIC POLICIES AFFECTING THE INTERESS OF ORGANIZATIONS IN THE ASSET MANAGEMENT INDUSTRY AND THEIR EMPLOYEES; TO INCULCATE JUST AND EQUITABLE PRINCIPLES IN THE INDUSTRY, AND; TO ACQUIRE, POSSESS AND DISSEMINATE USEFUL INFORMATION TO AND FOR ORGANIZATIONS IN THE INDUSTRY; AND GENERALLY TO PROMOTE THE WELFARE OF ASSET MANAGEMENT ORGANIZATIONS AND THEIR EMPLOYEES AND THE PROSPERITY OF THE COMMONWEALTH OF MASACHUSETTS.


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Board, Officers & Key Employees

Name (title)Compensation
James Segel
President/clerk
$152,500
Oswaldo Palomo
Treasurer/clerk
$0
Thomas Samoluk
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
James W Segel Llc
Professional Lobbying Services
$245,000
Chartwell Strategy Group Llc
Professional Lobbying Services
$122,500
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
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$0
Total Program Service Revenue$270,000
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 $270,000

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