Civic Intelligence

Harvard Square Business Association Inc

990 • Fiscal year 2011 • EIN 04-2647383

Jan 01, 2011 to Dec 31, 2011 • Filed on Mar 06, 2012

18 Brattle Street No 35202138
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

22nd percentile

0.00x

Higher debt load relative to assets than 22% of similar nonprofits.

2011 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

31st percentile

-4.6%

Faster asset growth than 31% of similar nonprofits.

2011 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$550,337

Down $26,336 (-4.6%) from 2010

Net Assets

Down

$548,937

Down $26,783 (-4.7%) from 2010

Liabilities

Up

$1,400

Up $447 (+47%) from 2010

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$435,421

Up $35,946 (+9.0%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2011

Assets$550,337
Liabilities$1,400
Net Assets$548,937

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2011

Revenue-
Expenses$435,421
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Mar 6, 2012
Return Version
2011v1.2
Gross Receipts
$543,762
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.

Major Activities

Activity 2
In 2011, the oktoberfest program had estimated attendance of over 150,000 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 program strategy seems to be working. We had not seen the failure of our businesses which is a viable determinant for us to use, in addition to our vacancy rate. The square is approximately 96% occupied and our membership continues to grow; we are currently enjoying a membership of over 400, of which, 80% are locally-owned independent businesses.
Activity 3
Each year, we print 100,000 maps of the business district for distribution at our parking garages, hotels, office of tourism, information booth, stores and restaurants.each year, we purchase over 140 victorian flower baskets that are installed on lampposts throughout harvard square. We also reimburse the city of cambridge for the watering of those flowers sometimes on a daily basis, when the weather calls for that kind of attention. Additionally we purchase outside banners for the lampposts located within the business district.
Filing and Contact Details

Filer

EIN
04-2647383
Raw XML AppendixShowing 400 of 477 raw XML fields

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IRS990/Activity2/Description0IN 2011, THE OKTOBERFEST PROGRAM HAD ESTIMATED ATTENDANCE OF OVER 150,000 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 PROGRAM STRATEGY SEEMS TO BE WORKING. WE HAD NOT SEEN THE FAILURE OF OUR BUSINESSES WHICH IS A VIABLE DETERMINANT FOR US TO USE, IN ADDITION TO OUR VACANCY RATE. THE SQUARE IS APPROXIMATELY 96% OCCUPIED AND OUR MEMBERSHIP CONTINUES TO GROW; WE ARE CURRENTLY ENJOYING A MEMBERSHIP OF OVER 400, OF WHICH, 80% ARE LOCALLY-OWNED INDEPENDENT BUSINESSES.
IRS990/Activity3/Description0EACH YEAR, WE PRINT 100,000 MAPS OF THE BUSINESS DISTRICT FOR DISTRIBUTION AT OUR PARKING GARAGES, HOTELS, OFFICE OF TOURISM, INFORMATION BOOTH, STORES AND RESTAURANTS.EACH YEAR, WE PURCHASE OVER 140 VICTORIAN FLOWER BASKETS THAT ARE INSTALLED ON LAMPPOSTS THROUGHOUT HARVARD SQUARE. WE ALSO REIMBURSE THE CITY OF CAMBRIDGE FOR THE WATERING OF THOSE FLOWERS SOMETIMES ON A DAILY BASIS, WHEN THE WEATHER CALLS FOR THAT KIND OF ATTENTION. ADDITIONALLY WE PURCHASE OUTSIDE BANNERS FOR THE LAMPPOSTS LOCATED WITHIN THE BUSINESS DISTRICT.
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IRS990/Description0THE HARVARD SQUARE BUSINESS ASSOCIATION WAS FOUNDED IN 1910 FOR THE SOLE PURPOSE OF PROMOTING COMMERCE IN HARVARD SQUARE. THERE ARE MANY WAYS TO ACCOMPLISH THAT GOAL. 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. IN 2011, APPROXIMATELY 100,000 PEOPLE ATTENDED THE EVENT OVER A 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.
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IRS990/SavingsAndTempCashInvestments/EOY0465161
IRS990ScheduleB/ContributorInfo/AggregateContributions0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/City0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/State0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNameBusiness/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNumber0RESTRICTED
IRS990/ScheduleBRequired01
IRS990ScheduleD/Equipment/BookValue05496
IRS990ScheduleD/Equipment/Depreciation055611
IRS990ScheduleD/Equipment/OtherCostOrOtherBasis061107
IRS990ScheduleD/OtherLiabilities/Amount01400
IRS990ScheduleD/OtherLiabilities/Description0PAYROLL WITHHOLDING
IRS990ScheduleD/TotalOfAmounts01400
IRS990ScheduleD/TotalOfBookValueLandBuildings05496
IRS990ScheduleG/EventsInformation/CashPrizesEvent100
IRS990ScheduleG/EventsInformation/CashPrizesEvent200
IRS990ScheduleG/EventsInformation/CashPrizesOtherEvents00
IRS990ScheduleG/EventsInformation/CharitableContribOtherEvents00
IRS990ScheduleG/EventsInformation/CharitableContributionsEvent100
IRS990ScheduleG/EventsInformation/CharitableContributionsEvent200
IRS990ScheduleG/EventsInformation/DirectExpenseSummaryEvents0135123
IRS990ScheduleG/EventsInformation/EntertainmentEvent104100
IRS990ScheduleG/EventsInformation/EntertainmentEvent206800
IRS990ScheduleG/EventsInformation/EntertainmentOtherEvents0200
IRS990ScheduleG/EventsInformation/EntertainmentTotalEvents011100
IRS990ScheduleG/EventsInformation/FoodAndBeverageEvent100
IRS990ScheduleG/EventsInformation/FoodAndBeverageEvent200
IRS990ScheduleG/EventsInformation/FoodAndBeverageOtherEvents00
IRS990ScheduleG/EventsInformation/GrossReceiptsEvent10102230
IRS990ScheduleG/EventsInformation/GrossReceiptsEvent2090809
IRS990ScheduleG/EventsInformation/GrossReceiptsOtherEvents046094
IRS990ScheduleG/EventsInformation/GrossReceiptsTotal0239133
IRS990ScheduleG/EventsInformation/GrossRevenueEvent10102230
IRS990ScheduleG/EventsInformation/GrossRevenueEvent2090809
IRS990ScheduleG/EventsInformation/GrossRevenueOtherEvents046094
IRS990ScheduleG/EventsInformation/GrossRevenueTotalEvents0239133
IRS990ScheduleG/EventsInformation/NameOfEvent10MAYFAIR INCOME
IRS990ScheduleG/EventsInformation/NameOfEvent20OKTOBERFEST INCOME
IRS990ScheduleG/EventsInformation/NetIncomeSummary0104010
IRS990ScheduleG/EventsInformation/NonCashPrizesEvent100
IRS990ScheduleG/EventsInformation/NonCashPrizesEvent200
IRS990ScheduleG/EventsInformation/NonCashPrizesOtherEvents00
IRS990ScheduleG/EventsInformation/OtherDirectExpensesEvent1029274
IRS990ScheduleG/EventsInformation/OtherDirectExpensesEvent2038161
IRS990ScheduleG/EventsInformation/OtherDirectExpensesOtherEvents056588
IRS990ScheduleG/EventsInformation/OtherDirectExpensesTotalEvents0124023
IRS990ScheduleG/EventsInformation/RentFacilityCostsEvent100
IRS990ScheduleG/EventsInformation/RentFacilityCostsEvent200
IRS990ScheduleG/EventsInformation/RentFacilityCostsOtherEvents00
IRS990ScheduleG/EventsInformation/TotalNumberOfOtherEvents06
IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation0ALL 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.
IRS990ScheduleO/GeneralExplanation/Explanation1THE TAX RETURN IS PREPARED BY A JOHNSON O'CONNOR FERON & CARUCCI,LLP A PUBLIC ACCOUNTING FIRM AND IS REVIEWED BY THE GOVERNING BODY FOR REASONABLENESS AND MATERIAL OMMISSIONS AND ERRORS.
IRS990ScheduleO/GeneralExplanation/Explanation2WHENEVER 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.
IRS990ScheduleO/GeneralExplanation/Explanation3THE FINANCE COMMITTEE APPROVES ALL STAFF COMPENSATION AND BONUS PACKAGES. THE CHAIR OF THE BOARD AND TYPICALLY ONE VICE PRESIDENT MEETS TO WITH EXECUTIVE DIRECTOR TO DISCUSS PERFORMANCE, SET GOALS AND OBJECTIVES AND OVERALL FINANCIAL CONDITION OF THE ASSOCIATION. FOR OTHER EMPLOYEES THE EXECUTIVE DIRECTOR DISCUSSES WITH THE FINANCE COMMITTEE EACH EMPLOYEES PERFORMANCE, AND SUGGESTS THE SALARY INCREASE AND YEAR-END BONUS PACKAGE FOR APPROVAL. ONCE APPROVED THE EXECUTIVE DIRECTOR DOES AN ORAL AND WRITTEN PERFORMANCE REVIEW WITH EACH INDIVIDUAL STAFF MEMBER AND INFORMS THEM OF THE SALARY AND BONUS PACKAGE THAT WAS APPROVED BY THE FINANCE COMMITTEE.
IRS990ScheduleO/GeneralExplanation/Explanation4COPIES OF THE HARVARD SQUARE BUSINESS ASSOCIATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation5JEREMIAH MURPHY - 1400 MASSACHUSETTS AVENUE, CAMBRIDGE, MA 02138. BRIAN KELLEY - 1336 MASSACHUSETTS AVENUE, CAMBRIDGE, MA 02138. RICHARD BEATY - 2 BRATTLE SQUARE, CAMBRIDGE, MA 02138. MARY CATHERINE DEIBEL - 91 WINTHROP STREET, CAMBRIDGE, MA 02138. DAN ANDREWS - UNOFFICIAL TOURS, ONE MIFFLIN PLACE, STE 400, CAMBRIDGE, MA 02138. BILL DONCASTER - LESLEY UNIVERSITY, 29 EVERETT STREET, CAMBRIDGE, MA 02138. LISA HOGARTY - HARVARD REAL ESTATE SERVICES, 1350 MASS AVE., CAMBRIDGE, MA 02138. TED GALANTE - GALANTE ARCHITECTURE, 56 JFK STREET, CAMBRIDGE, MA 02138. JOHN SCHALL - FIRE + ICE, 50 CHURCH STREET, CAMBRIDGE, MA 02138. RACHEL SOLEM - IRVING HOUSE, 24 IRVING STREET, CAMBRIDGE, MA 02138. TRIPPE LONIAN - PINKBERRY, 1380 MASS AVE, CAMBRIDGE, MA 02138. IVY MOYLAN - BRATTLE THEATRE, 40 BRATTLE STREET, CAMBRIDGE, MA 02138. GINO RUOTOLO - GINO, 20 HOLYOKE STREET, CAMBRIDGE, MA 02238. EDWARD SERUES - UNIV COMMON REAL ESTATE, 1480 MASS AVE, CAMBRIDGE, MA 02138. RACHEL WENTWORTH - FORTY WINKS, 56 JFK STREET, CAMBRIDGE, MA 02138. BENSON WILLIS - HOTEL VERITAS, 1 REMINGTON STREET, CAMBRIDGE, MA 02138. KAREN KINDLE - CAMBRIDGE SAVINGS BANK, 1374 MASS AVE, CAMBRIDGE, MA 02138. PATRICK LEE - GRAFTON STREET RESTAURANT, 1280 MASS AVE, CAMBRIDGE, MA 02138. THOMAS LUCEY - HARVARD UNIVERSITY, 77 BRATTLE STREET, CAMBRIDGE, MA 02138. KATHERINE RAFFERTY - MOUNT AUBURN HOSPITAL, 330 MOUNT AUBURN STREET, CAMBRIDGE, MA 02138. NICK PAPPAS - LIZZY'S ICE CREAM, 367 MOODY STREET, WALTHAM, MA 02453. HEIDI BERGOS - THE CHARLES HOTEL, ONE BENNETT STREET, CAMBRIDGE, MA 02138.
IRS990ScheduleO/GeneralExplanation/Identifier0CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VII
IRS990/ScheduleORequired01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0MA
IRS990/SubjectToProxyTax00

Document Assets

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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