Civic Intelligence

Harvard Square Business Association

EIN 04-2647383 • 501(c)6 • Cambridge, MA

Profile

To advance the commercial, industrial and public interests of harvard square, to promote a commercial exchange, to accumulate and give to its members business information, to adjust controversies and misunderstandings, to establish and maintain uniformity in commercial transactions, and to promote just and equitable principles of trade.

18 Brattle Street 352Cambridge, MA 02138

www.harvardsquare.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

25th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

26th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • $500k-$1M nonprofits • Source year 2023

Net Margin

37th percentile

-0.5%

Higher net margin than 37% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

35th percentile

-1.2%

Faster asset growth than 35% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

35th percentile

0.4%

Faster revenue growth than 35% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$257,748

Up $2,887 (+1.1%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$257,748

Up $2,887 (+1.1%) from 2023

Revenue

Up

$609,960

Up $20,539 (+3.5%) from 2023

Expenses

Up

$607,073

Up $14,568 (+2.5%) from 2023

Net Income

Up

$2,887

Up $5,971 (+194%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2010: $576,673Liabilities 2010: $953Net Assets 2010: $575,7202010Assets 2011: $550,337Liabilities 2011: $1,400Net Assets 2011: $548,9372011Assets 2012: $535,488Liabilities 2012: $1,639Net Assets 2012: $533,8492012Assets 2013: $559,286Liabilities 2013: $1,786Net Assets 2013: $557,5002013Assets 2014: $450,753Liabilities 2014: $1,948Net Assets 2014: $448,8052014Assets 2015: $421,418Liabilities 2015: $2,007Net Assets 2015: $419,4112015Assets 2016: $407,220Liabilities 2016: $2,673Net Assets 2016: $404,5472016Assets 2017: $372,263Liabilities 2017: $3,099Net Assets 2017: $369,1642017Assets 2018: $366,000Liabilities 2018: $3,724Net Assets 2018: $362,2762018Assets 2019: $306,495Liabilities 2019: $3,801Net Assets 2019: $302,6942019Assets 2020: $278,619Liabilities 2020: $0Net Assets 2020: $278,6192020Assets 2021: $234,830Liabilities 2021: $0Net Assets 2021: $234,8302021Assets 2022: $257,941Liabilities 2022: $0Net Assets 2022: $257,9412022Assets 2023: $254,861Liabilities 2023: $0Net Assets 2023: $254,8612023Assets 2024: $257,748Liabilities 2024: $0Net Assets 2024: $257,7482024

Highlighted filing

2024

Assets$257,748
Liabilities$0
Net Assets$257,748

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KExpenses 2010: $399,4752010Expenses 2011: $435,4212011Expenses 2012: $445,9602012Revenue 2013: $486,182Expenses 2013: $462,531Net Income 2013: $23,6512013Revenue 2014: $345,850Expenses 2014: $454,545Net Income 2014: -$108,6952014Revenue 2015: $421,952Expenses 2015: $451,346Net Income 2015: -$29,3942015Revenue 2016: $419,937Expenses 2016: $434,801Net Income 2016: -$14,8642016Revenue 2017: $414,336Expenses 2017: $449,719Net Income 2017: -$35,3832017Revenue 2018: $467,086Expenses 2018: $473,974Net Income 2018: -$6,8882018Revenue 2019: $429,341Expenses 2019: $488,923Net Income 2019: -$59,5822019Revenue 2020: $479,097Expenses 2020: $503,172Net Income 2020: -$24,0752020Revenue 2021: $461,676Expenses 2021: $505,465Net Income 2021: -$43,7892021Revenue 2022: $587,039Expenses 2022: $563,928Net Income 2022: $23,1112022Revenue 2023: $589,421Expenses 2023: $592,505Net Income 2023: -$3,0842023Revenue 2024: $609,960Expenses 2024: $607,073Net Income 2024: $2,8872024

Highlighted filing

2024

Revenue$609,960
Expenses$607,073
Net Income$2,887

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.58$0.00$2.58$6.10$6.07$0.03
2023Detailed filing. Detailed filing data is available for this year.$2.55$0.00$2.55$5.89$5.93$0.03
2022Detailed filing. Detailed filing data is available for this year.$2.58$0.00$2.58$5.87$5.64$0.23
2021Detailed filing. Detailed filing data is available for this year.$2.35$0.00$2.35$4.62$5.05$0.44
2020Detailed filing. Detailed filing data is available for this year.$2.79$0.00$2.79$4.79$5.03$0.24
2019Detailed filing. Detailed filing data is available for this year.$3.06$0.04$3.03$4.29$4.89$0.60
2018Detailed filing. Detailed filing data is available for this year.$3.66$0.04$3.62$4.67$4.74$0.07
2017Detailed filing. Detailed filing data is available for this year.$3.72$0.03$3.69$4.14$4.50$0.35
2016Detailed filing. Detailed filing data is available for this year.$4.07$0.03$4.05$4.20$4.35$0.15
2015Detailed filing. Detailed filing data is available for this year.$4.21$0.02$4.19$4.22$4.51$0.29
2014Detailed filing. Detailed filing data is available for this year.$4.51$0.02$4.49$3.46$4.55$1.09
2013Detailed filing. Detailed filing data is available for this year.$5.59$0.02$5.58$4.86$4.63$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.35$0.02$5.34$4.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.50$0.01$5.49$4.35
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.77$0.01$5.76$3.99
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 9, 2025
Return Version
2024v5.0
Gross Receipts
$687,657
Mission and Program Overview

Mission

To advance the commercial, industrial and public interests of harvard square, to promote a commercial exchange, to accumulate and give to its members business information, to adjust controversies and misunderstandings, to establish and maintain uniformity in commercial transactions, and to promote just and equitable principles of trade.

To advance the commercial, industrial and public interests of harvard square, to promote a commercial exchange, to accumulate and give to its members business information, to adjust controversies and misunderstandings, to establish and maintain uniformity in commercial transactions, and to promote just and equitable principles of trade

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$254,861$257,748▲ $2,887
Cash and Non-Interest-Bearing Accounts$52,724$154,938▲ $102,214
Savings and Temporary Cash Investments$202,137$102,810▼ $99,327
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$254,861$257,748▲ $2,887
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$254,861$257,748▲ $2,887
Total Liabilities and Net Assets / Fund Balance$254,861$257,748▲ $2,887

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$151,475$151,475
Other Land Buildings$0$2,150$2,150
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Denise a JillsonExec. DirectorFT$179,208$179,208

Board Members and Trustees

NameTitle
Jessica SculleyPresident
Ashwin AcharyaV.president
Daniel Andrew BodtV.president
Amy TetreaultDirector
Bertil Jean-chronbergDirector
Dan RoughanDirector
Diane CarsonDirector
Dominic AmentaDirector
Greer GoodmanDirector
Jason DooDirector
Jeremy CohenDirector
Manny RamirezDirector
Mario CabreraDirector
Nicola WilliamsDirector
Sarah MillerDirector
Sean CaronDirector
Sean HopeDirector
Steve WelchDirector
Suzanna KrmzianDirector
Tony ConsentinoDirector
Yamen ChakerDirector
Tod BeatySecretary
Maria MontgomeryTreasurer
Nick WolfTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$626,590
Program Service Revenue
$0
Investment Income
$4,317
Other Revenue
$-20,947
All Other Contributions
$329,983
Change in Net Assets
$2,887
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$385,532
Other Expenses$221,541
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$179,208
Other Salaries and Wages---$148,318
Advertising---$76,551
Occupancy---$60,988
Other Employee Benefits---$32,955
Payroll Taxes---$25,051
Fees for Services Other---$20,334
Insurance---$15,982
Office Expenses---$13,558
Fees for Services Accounting---$4,940
Depreciation Depletion---$2,692
Other Expenses---$1,356
Total Functional Expenses$0$0$0$607,073
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$77,697
Fundraising Gross Income$39,888
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Holiday Fair$39,691---
Octoberfest$89,105$9,044$4,019$5,025
Total Events$215,341$39,888$77,697$-37,809
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

All members of the board of directors are business owners or work at companies and organizations in harvard square. Each board member has a vested interest in harvard square.

Form 990, Part VI, Section B, Line 11B

The tax return is prepared by johnson o'connor feron & carucci,llp a public accounting firm and is reviewed by the governing body for reasonableness and material omissions and errors.

Form 990, Part VI, Section B, Line 12C

Whenever a director or officer has a financial or personal interest in any matter coming before the board of directors, the affected person shall (a) fully disclose the nature of the interest and (b) withdraw from discussion, lobbying, and voting on the matter. Any transaction or vote involving a potential conflict of interest shall be approved only when a majority of disinterested directors determine that it is in the best interest of the association to do so. The minutes of meetings at which such votes are taken shall record such disclosure, abstention and rationale for approval.

Form 990, Part VI, Section B, Line 15

There is an oral review with members of the finance committee relative to the range of an increase and bonus. The chair of the board and typically one vice president meets with the executive director to discuss performance, set goals and objectives and overall financial condition of the association. For other employees, the executive director discusses with chair each employees performance, sets the salary increase and year-end bonus. The executive director does an oral and written performance review with each staff member.

Form 990, Part VI, Section C, Line 19

Copies of the harvard square business association's governing documents and financial statements are available upon written request.

Filing and Contact Details

Filer

Filer Name
Harvard Square Business Association
EIN
04-2647383
Phone
6174913434
Address
18 BRATTLE STREET 352, CAMBRIDGE, MA 02138

Signing Officer

Name
Mary-catherine Deibel
Title
President
Phone
6174913434
Signed
2025-03-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary-catherine Deibel
Formed
1936
Legal Domicile
Ma
Voting Board Members
24
Independent Board Members
24
Employees
3
Volunteers
25

Preparer

Firm
JOHNSON O'CONNOR FERON & CARUCCI LLP
Address
101 EDGEWATER DRIVE SUITE 210, WAKEFIELD, MA 01880
Preparer
Joseph Giso
Phone
7819143400
Raw XML AppendixShowing 400 of 513 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0TO ADVANCE THE COMMERCIAL, INDUSTRIAL AND PUBLIC INTERESTS OF HARVARD SQUARE, TO PROMOTE A COMMERCIAL EXCHANGE, TO ACCUMULATE AND GIVE TO ITS MEMBERS BUSINESS INFORMATION, TO ADJUST CONTROVERSIES AND MISUNDERSTANDINGS, TO ESTABLISH AND MAINTAIN UNIFORMITY IN COMMERCIAL TRANSACTIONS, AND TO PROMOTE JUST AND EQUITABLE PRINCIPLES OF TRADE
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IRS990/Desc0PROGRAM SERVICE ACCOMPLISHMENTS - 2024THIS IS A BRIEF OUTLINE OF OUR MISSION AND A STATEMENT OF JUSTIFICATION FOR OUR THREE LARGEST INCOME/EXPENSE LINE ITEMS. THE HARVARD SQUARE BUSINESS ASSOCIATION WAS FOUNDED IN 1910 FOR THE SOLE PURPOSE OF PROMOTING COMMERCE IN HARVARD SQUARE, WHILE BEING GOOD STEWARDS OF THE SQUARE OVER THE PAST SEVERAL YEARS, WE HAVE ADDED THE TAGLINE, "WHILE BEING GOOD STEWARDS OF THE OUTSIDE SPACE". THERE ARE MANY WAYS TO ACCOMPLISH OUR STATED GOALS. SEVERAL YEARS AGO, IT WAS DETERMINED THAT EXPERIENTIAL MARKETING WAS A METHOD THAT SEEMED TO WORK BEST FOR HARVARD SQUARE. SUBSEQUENTLY, A SERIES OF ANNUAL EVENTS WERE CREATED TO ATTRACT PEOPLE THAT SPANNED THE ENTIRE DEMOGRAPHIC SPECTRUM. ON OCTOBER 4TH, 2024, WE CELEBRATED OUR 45TH ANNUAL OKTOBERFEST CELEBRATION AND GENERATED $ 88.605 IN INCOME AND HAD EXPENSES OF $ 25,128. IT IS ESTIMATED THAT WE HAD ABOUT 35,000 VISITORS DURING THE 6-HOUR PERIOD. OUR HOPE IS THAT PEOPLE OF ALL AGES HAVE A GREAT TIME, VISIT OUR STORES, EAT IN OUR RESTAURANTS AND REMEMBER THE SQUARE FONDLY SO THAT THEY COME BACK AS A FREQUENT VISITOR. WE ALSO HOPE THAT THEY TELL ALL THEIR FRIENDS TO DO THE SAME.THE SQUARE IS STILL ENJOYING A HIGH OCCUPANCY RATE AND OUR MEMBERSHIP CONTINUES TO GROW; WE ARE CURRENTLY ENJOYING A MEMBERSHIP OF STILL OVER 400, OF WHICH, 73% ARE LOCALLY-OWNED INDEPENDENT BUSINESSES. OUR MAJOR EXPENSE FOR 2024 WAS MARKETING EXPENSE OF $76,551 FOR VARIOUS EVENTS IN THE PUBLIC SPACE. OUR EVENTS ARE ALWAYS FREE, OPEN-TO-THE-PUBLIC, FAMILY-FRIENDLY AND WELCOMING TO ALL. OKTOBERFEST WAS OUR THIRD LARGEST EXPENSE AT $25,128. THE MAJOR EXPENSE CATEGORIES ARE TRULY AN INVESTMENT THAT REINFORCES OUR COMMITMENT TO BEING A WELCOMING, CLEAN AND SAFE SPACE FOR ALL OUR VISITORS, NEIGHBORS, STUDENTS AND BUSINESSES AND TO BE GOOD STEWARDS OF THE PUBLIC SPACE. WE ORGANIZED OVER 70 EVENTS IN 2024 THAT WERE FREE, FAMILY-FRIENDLY AND OPEN TO THE PUBLIC THAT TOOK PLACE IN THE OUTSIDE PUBLIC SPACE.IN 2024, WE CONTINUED OUR ADVOCACY FOR INFRASTRUCTURE IMPROVEMENTS BY THE CITY OF CAMBRIDGE. THE HARVARD SQUARE KIOSK RESTORATION PROJECT IS NEARING COMPLETION WITH OCCUPANCY EXPECTED TO TAKE PLACE IN MARCH OF 2025. THE PLAZA RESTORATION PROJECT IS UNDERWAY. THERE ARE TEN PHASES; ONE IS COMPLETE, THE SECOND PHASE IS NEARING COMPLETION AND THE ENTIRE PLAZA AND STREETSCAPE IMPROVEMENTS FOR THIS PROJECT WILL BE COMPLETE IN THE SPRING OF 2026.WE CONTINUE TO SEE NEW BUSINESSES OPEN, MAJOR PRIVATE DEVELOPMENTS ARE IN THE PERMITTING PROCESS AND THE FUTURE IS LOOKING BRIGHT.
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IRS990/Form990PartVIISectionAGrp/PersonNm6DOMINIC AMENTA
IRS990/Form990PartVIISectionAGrp/PersonNm7DIANE CARSON
IRS990/Form990PartVIISectionAGrp/PersonNm8BERTIL JEAN-CHRONBERG
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IRS990/Form990PartVIISectionAGrp/PersonNm11SUZANNA KRMZIAN
IRS990/Form990PartVIISectionAGrp/PersonNm12SARAH MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm13MANNY RAMIREZ
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IRS990/Form990PartVIISectionAGrp/PersonNm15STEVE WELCH
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IRS990/Form990PartVIISectionAGrp/PersonNm17SEAN CARON
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IRS990/Form990PartVIISectionAGrp/PersonNm19JEREMY COHEN
IRS990/Form990PartVIISectionAGrp/PersonNm20TONY CONSENTINO
IRS990/Form990PartVIISectionAGrp/PersonNm21SEAN HOPE
IRS990/Form990PartVIISectionAGrp/PersonNm22AMY TETREAULT
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IRS990/Form990PartVIISectionAGrp/PersonNm24DENISE A JILLSON
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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24EXEC. DIRECTOR
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