Massachusetts Lgbt Business Network Inc
- Assets
- $16.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- Data as of
- 06/2022
- EIN
- 85-0612647
Organization Overview
Massachusetts Lgbt Business Network Inc is located in Boston, MA. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Lgbt Business Network 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 06/2022, Massachusetts Lgbt Business Network Inc generated $31.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (54.4%) each year. All expenses for the organization totaled $113.9k during the year ending 06/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
ASSISTED BUSINESSES WITH TECHNICAL ASSISTANCE, EDUCATION OPPORTUNITIES, COACHING AND TRAINING TO MEMBERS OF THE MA LGBTQ+ COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grace Moreno CEO | 1 | $0 | |
Manassah Bradley Treasurer | 0.5 | $0 | |
Josiane Martinez President | 0.5 | $0 | |
Jennifer Pinck Secretary | 0.5 | $0 | |
Malia C Lazu Member | 0.25 | $0 | |
Nancy Stager Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,138 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $31,138 |
| 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 | $10,225 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,719 |
| Total expenses | $113,944 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $16,492 |
| Other assets | $0 |
| Total assets | $16,492 |
| Total liabilities | $0 |
| Net assets or fund balances | $16,492 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Massachusetts Lgbt Business Network Inc has recieved totaling $40,500.
| Awarding Organization | Amount |
|---|---|
Eastern Bank Charitable Foundation Lynn, MA PURPOSE: EXEMPT PURPOSE | $40,000 |
Barr Foundation Boston, MA PURPOSE: SPECIAL INITIATIVES: TO PROVIDE UNRESTRICTED SUPPORT TO RECOGNIZE THE SERVICE OF GRACE MORENO DURING THE BARR FOUNDATION'S CENTRALIZED RACIAL EQUITY GRANTMAKING LISTENING TOUR | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bny Mellon Charitable Gift Fund Boston, MA | $342,614,894 | $208,280,795 |
Keren Keshet-The Rainbow Foundation New York, NY | $212,134,789 | $28,921,665 |
Roswell Park Alliance Foundation Buffalo, NY | $159,422,911 | $37,424,046 |
World Of Giving Inc Spring Valley, NY | $6,086,190 | $25,054,815 |
Chapel & York Us Foundation Inc New York, NY | $7,715,489 | $28,773,311 |
Give Lively Foundation Inc New York, NY | $21,044,109 | $22,415,300 |
Greater Hartford Community Foundation Inc Hartford, CT | $8,414,279 | $22,150,705 |
Harlem Rbi Incorporated New York, NY | $85,587,058 | $22,268,250 |
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |
Boston Charitable Trust Fund Boston, MA | $1,173,216 | $4,494,143 |