Fiscal Partners Inc
- Assets
- $72.2k
- Revenue
- $554.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Boston, MA
- Founding
- 05/2017
- Data as of
- 12/2022
- EIN
- 81-3933113
Organization Overview
Fiscal Partners Inc is located in Boston, MA. The organization was established in 2017. 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. As of 12/2022, Fiscal Partners Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fiscal Partners Inc 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, Fiscal Partners Inc generated $554.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $648.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Fiscal Partners Inc has awarded 14 individual grants totaling $1,911,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION EXISTS TO ENGAGE IN A VARIETY OF ACTIVITIES TO PROMOTE THE COMMON BUSINESS INTERESTS OF ITS MEMBERS, IN ORDER TO IMPROVE THEIR FISCAL COMPETITIVE STANDING IN VARIOUS LINES OF BUSINESS IN WHICH THEY ENGAGE. THE ORGANIZATION'S EFFORTS WILL HELP ADVANCE THE COMMON GOOD FOR BUSINESSES, BOTH LARGE AND SMALL, AND PROMOTE FISCAL RESPONSIBILITY, TRANSPARENCY, AND ACCOUNTABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED TARGETED GRANT FUNDS FOR PURPOSES THAT FURTHERED THE INTEREST OF THE ORGANIZATION'S MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Rappaport Chair & Director | OfficerTrustee | 5 | $0 |
Mark Cohen Treasurer And Director | OfficerTrustee | 5 | $0 |
Lee Gaudette Clerk And Director | OfficerTrustee | 5 | $0 |
Steve Davis Director | Trustee | 5 | $0 |
Vince Osterman Director | Trustee | 5 | $0 |
Jeff Sheehy Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $414,100 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $140,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $554,100 |
| Total Program Service Revenue | $0 |
| Investment income | $3 |
| 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 | $554,103 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $326,500 |
| 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. | $181,279 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,431 |
| Pension plan accruals and contributions | $1,678 |
| Other employee benefits | $90 |
| Payroll taxes | $15,470 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,583 |
| Fees for services: Accounting | $13,066 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,982 |
| Advertising and promotion | $115 |
| Office expenses | $1,532 |
| Information technology | $4,984 |
| Royalties | $0 |
| Occupancy | $22,699 |
| Travel | $3,332 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $741 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,617 |
| All other expenses | $0 |
| Total functional expenses | $648,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,228 |
| 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 | $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 | $72,228 |
| 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 | $4,414 |
| Other liabilities | $0 |
| Total liabilities | $4,414 |
| Net assets without donor restrictions | $67,814 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $72,228 |
Grants Awarded
Over the last fiscal year, Fiscal Partners Inc has awarded $326,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MASSACHUSETTS FISCAL ALLIANCE INC PURPOSE: GENERAL SUPPPORT FOR NON-ADVOCACY EXPENSES $96,000ADVOCACY GRANTS $180,500 | $276,500 |
FISCAL ALLIANCE FOUNDATION INC PURPOSE: GENERAL SUPPORT | $50,000 |