Merrimack Valley Workforce Investment Board Inc
- Assets
- $66.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Lawrence, MA
- Founding
- 09/2010
- Data as of
- 06/2023
- EIN
- 80-0611253
Organization Overview
Merrimack Valley Workforce Investment Board Inc is located in Lawrence, MA. The organization was established in 2010. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merrimack Valley Workforce Investment Board 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 06/2023, Merrimack Valley Workforce Investment Board Inc generated $50.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (18.9%) each year. All expenses for the organization totaled $6.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (47.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION IS WINDING DOWN OPERATIONS WITH THE INTENT OF DISSOLUTION IN FISCAL YEAR 2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph J Bevilacqua Director | 0.5 | $0 | |
Elizabeth Goguen Director | 0.5 | $0 | |
Ron Contrado Director | 1 | $0 | |
Dr Lane Glenn Director | 0.5 | $0 | |
Supt John Lavoie Director | 0.5 | $0 | |
Christian Brennan Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $50,932 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $50,932 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,231 |
| Total expenses | $6,231 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $66,852 |
| Other assets | $0 |
| Total assets | $66,852 |
| Total liabilities | $0 |
| Net assets or fund balances | $66,852 |