East Cambridge Business Association Inc
- Assets
- $211.8k
- Revenue
- $319.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Cambridge, MA
- Founding
- 08/2013
- Data as of
- 12/2022
- EIN
- 80-0417744
Organization Overview
East Cambridge Business Association Inc is located in Cambridge, MA. The organization was established in 2013. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, 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. East Cambridge Business Association Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, East Cambridge Business Association Inc generated $319.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 27.5% each year . All expenses for the organization totaled $225.2k during the year ending 12/2022. While expenses have increased by 29.9% per year over the past 8 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 PROMOTE AND MAINTAIN SUSTAINABLE COMMERCE IN EAST CAMBRIDGE; TO BE A SINGLE VOICE FOR ITS MEMBERS; TO PROMOTE ACTIVITIES THAT BOND EAST CAMBRIDGE BUSINESSES WITH THEIR NEIGHBORHOOD; TO PRESERVE THE HISTORICAL INTEGRITY AND IMPORTANCE OF EAST CAMBRIDGE; AND TO PROMOTE AN ACTIVE STEWARDSHIP OF OUR NEIGHBORHOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AND MAINTAIN SUSTAINABLE COMMERCE IN EAST CAMBRIDGE; TO BE A SINGLE VOICE FOR ITS MEMBERS; TO PROMOTE ACTIVITIES THAT BOND EAST CAMBRIDGE BUSINESSES WITH THEIR NEIGHBORHOOD; TO PRESERVE THE HISTORICAL INTEGRITY AND IMPORTANCE OF EAST CAMBRIDGE; AND TO PROMOTE AN ACTIVE STEWARDSHIP OF OUR NEIGHBORHOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Alves Executive Director | Officer | 40 | $104,792 |
Patrick Magee President | OfficerTrustee | 1 | $0 |
Lenny Frisoli Clerk | OfficerTrustee | 1 | $0 |
Michelle Lower Treasurer | OfficerTrustee | 1 | $0 |
Carl Fantasia Director | Trustee | 1 | $0 |
Steven Lamaster Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $22,663 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $219,897 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $242,560 |
| Total Program Service Revenue | $67,528 |
| Investment income | $50 |
| 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 | -$2,987 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $319,273 |
| 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. | $107,792 |
| Compensation of current officers, directors, key employees. | $37,727 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,323 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,368 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,083 |
| Advertising and promotion | $10,199 |
| Office expenses | $11,696 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,388 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,399 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,538 |
| All other expenses | $0 |
| Total functional expenses | $225,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,319 |
| Savings and temporary cash investments | $60,423 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,074 |
| 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 | $211,816 |
| Accounts payable and accrued expenses | $3,065 |
| 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 | $3,065 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $208,751 |
| Total liabilities and net assets/fund balances | $211,816 |
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