A Better City Initiative Inc
- Assets
- $286.0k
- Revenue
- $328.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 08/2007
- Data as of
- 12/2023
- EIN
- 56-2605048
Organization Overview
A Better City Initiative Inc is located in Boston, MA. The organization was established in 2007. According to its NTEE Classification (W11) the organization is classified as: Single Organization Support, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. A Better City Initiative Inc 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 12/2023, A Better City Initiative Inc generated $328.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $326.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WORKING WITH OUR RELATED ORGANIZATION, A BETTER CITY, INC., WE PROMOTE ECONOMIC GROWTH AND ENHANCE THE QUALITY OF LIFE IN THE CITY OF BOSTON AND THE BOSTON METROPOLITAN REGION, AND OF OTHER URBAN AREAS, BY PARTICIPATING IN THE THE PLANNING AND IMPLEMENTATION OF TRANSPORTATION, LAND DEVELOPMENT AND ENVIRONMENTAL PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENERGY & ENVIRONMENT:WE WORK WITH MEMBER ORGANIZATIONS AND THEIR FACILITIES TO ENSURE THEY ARE AS EFFICIENT AND RESILIENT AS POSSIBLE IN ORDER TO MEET, AND GO BEYOND, COMPLIANCE OF VARYING CITY AND STATE ENVIRONMENTAL POLICIES. THROUGH THE DEVELOPMENT OF TOOLKITS, RESOURCES AND RESEARCH, WE PROVIDE MEMBERS WITH NEXT STEPS IN SUSTAINABILITY PLANNING. CURRENTLY WORK INCLUDES THE DEVELOPMENT OF A COLLABORATIVE CLIMATE ACTION PLANNING PROCESS, AN INTERNSHIP TO CONNECT THE DOTS BETWEEN STUDENTS LEARNING BUILDING AUTOMATION SYSTEMS AND COMMERCIAL BUILDINGS, AND HOW EXTREME HEAT AFFECTS OUR COMMUNITIES AROUND BOSTON.
TRANSPORTATION & INFRASTRUCTURE:A BETTER CITY INITIATIVE, INC.(ABCI)COMPLETED FURTHER REFINEMENT OF AN AT-GRADE ALTERNATIVE FOR REPLACEMENT OF THE I-90 VIADUCT AND RESDESIGN OF RAIL, PEDESTRIAN AND BICYCLE FACILITIES ADJACENT TO THE ALLSTON INTERCHANGE. ABCI ALSO MANAGED THE SEAPORT LEADERSHIP GROUP (SLG)IN SOUTH BOSTON. THE SLG IS MAKING SIGNIFICANT PROGRESS IN UNIFYING THE VOICE OF THE BUSINESS COMMUNITY IN THE SEAPORT AND ADVANCING IMPORTANT TRANSPORTATION PROJECTS FOR THIS VITAL ECONOMIC CENTER. ABCI CONTINUES TO ADVANCE, ALONG WITH THE MBTA, THE IMPLEMENTATION OF AUTOMATIC TRAIN OPERATIONS INTO ITS RED AND ORANGE LINE VEHICLE OVERHAUL PLANS. ADDITIONALLY, ABCI IS WORKING WITH THE MBTA AND MASSDOT ON INNOVATIVE TRANSPORTATION PROJECTS TO BUILD CAPACITY AND IMPROVE REGIONAL RAIL.
LAND USE & DEVELOPMENT:A BETTER CITY INITIATIVE, INC. ACHIEVES ITS GOALS BY FUNDING CONCEPTUAL URBAN DESIGN PROPOSALS TO ENHANCE THE PUBLIC REALM AND LAND USE DEVELOPMENT INITIATIVES INCLUDING PEDESTIRAN PLAZAS AND PARKLETS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Dineen President & CEO | OfficerTrustee | 1 | $0 |
Richard Dimino Former President & CEO | OfficerTrustee | 1 | $0 |
James Tierney Chairman, Director | OfficerTrustee | 0 | $0 |
Edward Ladd Treasurer, Director | OfficerTrustee | 0 | $0 |
Elizabeth Grob Clerk, Director | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $315,805 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $328,305 |
| Total Program Service Revenue | $0 |
| Investment income | $160 |
| 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 | $328,465 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $315,572 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,560 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $326,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,376 |
| Savings and temporary cash investments | $268,102 |
| Pledges and grants receivable | $7,500 |
| 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 | $0 |
| 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 | $285,978 |
| Accounts payable and accrued expenses | $0 |
| 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 | $89,096 |
| Total liabilities | $89,096 |
| Net assets without donor restrictions | $48,602 |
| Net assets with donor restrictions | $148,280 |
| 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 | $285,978 |