Civic Intelligence

Harvard Square Business Association Inc

990 • Fiscal year 2015 • EIN 04-2647383

Jan 01, 2015 to Dec 31, 2015 • Filed on Feb 10, 2016

18 Brattle Street No 352Cambridge, MA 02138

(617) 491-3434

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

Higher debt load relative to assets than 26% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

26th percentile

0.00x

Higher debt load relative to revenue than 26% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Net Margin

17th percentile

-7.0%

Higher net margin than 17% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

82nd percentile

$129,042

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 30.6% of source-year revenue.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Asset Growth

23rd percentile

-6.5%

Faster asset growth than 23% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

85th percentile

22%

Faster revenue growth than 85% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$421,418

Down $29,335 (-6.5%) from 2014

Net Assets

Down

$419,411

Down $29,394 (-6.5%) from 2014

Liabilities

Up

$2,007

Up $59 (+3.0%) from 2014

Revenue

Up

$421,952

Up $76,102 (+22%) from 2014

Expenses

Down

$451,346

Down $3,199 (-0.7%) from 2014

Net Income

Up

-$29,394

Up $79,301 (+73%) from 2014

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

2015

Assets$421,418
Liabilities$2,007
Net Assets$419,411

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

2015

Revenue$421,952
Expenses$451,346
Net Income-$29,394
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Feb 10, 2016
Return Version
2015v2.1
Gross Receipts
$590,426
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$448,805$419,411▼ $29,394
Savings and Temporary Cash Investments$411,825$407,691▼ $4,134
Land, Buildings, and Equipment, Net$21,098$12,855▼ $8,243
Cash and Non-Interest-Bearing Accounts$17,830$872▼ $16,958
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$450,753$421,418▼ $29,335
Liabilities
Other Liabilities$1,948$2,007▲ $59
Total Liabilities$1,948$2,007▲ $59
Net Assets / Fund Balance
Total Net Assets Fund Balance$448,805$419,411▼ $29,394
Total Liabilities and Net Assets / Fund Balance$450,753$421,418▼ $29,335

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$12,519$126,951$139,470
Other Land Buildings$336$1,814$2,150
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Denise a JillsonExec. DirectorFT$129,042$129,042

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$331,813
Program Service Revenue
$0
Investment Income
$224
Other Revenue
$89,915
All Other Contributions
$201,101
Change in Net Assets
$-29,394
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$293,408
Other Expenses$157,938
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---$129,042
Other Salaries and Wages---$111,219
Advertising---$46,306
Office Expenses---$45,609
Occupancy---$33,670
Other Employee Benefits---$31,337
Payroll Taxes---$21,810
Insurance---$9,294
Depreciation Depletion---$8,759
Fees for Services Accounting---$4,500
Other Expenses---$3,426
Total Functional Expenses$0$0$0$451,346
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$258,389
Fundraising Direct Expenses$168,474
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Oktoberfest Income$111,280$111,280$44,827$66,453
Mayfair Income$100,732$100,732$30,267$70,465
Total Events$257,900$257,900$146,449$111,451
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Withholding$2,007
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 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 11

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 ommissions 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

The 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.

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.

Form 990, Part VII

Jeremiah 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 - 1 follen street, cambridge, ma 02138. Elizabeth aguilo - paine senior services, 3 church street, cambridge, ma 02138. Richard carbone - harvard square hotel, 110 mt. Auburn street, cambridge, ma 02138. Laura donohue - bob slate stationers, 30 brattle street, cambridge, ma 02138. Daniel berger jones - cambridge historical tours, 7 school st. Place, roxbury, ma 02119. Patrick lee - the grafton group, 1280 mass. Ave., cambridge, ma 02138. Rachel solem - irving house and harding house, 24 irving st., cambridge, ma 02138. Joe bator - eastern bank, one brattle square., camb., cambridge, ma 02138. Adam hirsch - the world's only curious george store, 1 jfk street, cambridge, ma 02138. Frank kramer - cambridge local first, 7 avon street, cambridge, ma 02138. Kari kuelzer - grendel's den, 89 winthrop street, cambridge, ma 02138. Thomas lucey - harvard university, 1350 mass. Ave., cambridge, ma 02138. Katherine rafferty - mount auburn hospital, 330 mount auburn street, cambridge, ma 02138. Alex attia - the charles hotel, one bennett street, cambridge, ma 02138. Erin becker - cambridge art association, 25r lowell street, cambridge, ma 02138. Josh bhatti - the sinclair, 52 church street, cambridge, ma 02138. Chuck honnet - nine athens, 9 athens street, cambridge, ma 02138. Mary taylor - salt & olive, 1160 massachusetts avenue, cambridge, ma 02138. Jerry tracy - parsnip, 91 winthrop street, cambridge, ma 02138.

Filing and Contact Details

Filer

Filer Name
Harvard Square Business Association
EIN
04-2647383
Phone
6174913434
Address
18 BRATTLE STREET NO 352, CAMBRIDGE, MA 02138

Signing Officer

Name
John Digiovanni
Title
President
Phone
6174913434
Signed
2016-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Digiovanni
Formed
1936
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
3
Volunteers
20

Preparer

Firm
JOHNSON O'CONNOR FERON & CARUCCI LLP
Address
101 EDGEWATER DRIVE SUITE 210, WAKEFIELD, MA 01880
Preparer
John a Carucci
Phone
7819143400
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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/Desc0THIS YEAR, WE CELEBRATED OUR 32ND ANNUAL MAYFAIR ON MAY 3, 2015 AND GENERATED $ 100,732. IN INCOME AND HAD EXPENSES OF $ 36,027. 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/Form990PartVIISectionAGrp/TitleTxt1V.PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4V.PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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/TitleTxt23EXEC. DIRECTOR
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IRS990/MissionDesc0TO 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/OtherExpensesGrp/Desc1ANNUAL MEETING EXPENSE
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IRS990/PrincipalOfficerNm0JOHN DIGIOVANNI
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IRS990/ProgSrvcAccomActy2Grp/Desc0ON OCTOBER 11, 2015, WE CELEBRATED OUR 37TH ANNUAL OKTOBERFEST CELEBRATION AND GENERATED $111,280. IN INCOME AND HAD EXPENSES OF $ 55,551. IT IS ESTIMATED THAT WE HAD 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 STRATEGY SURROUNDING MAYFAIR AND OKTOBERFEST 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 STILL OVER 98% OCCUPIED AND OUR MEMBERSHIP CONTINUES TO GROW; WE ARE CURRENTLY ENJOYING A MEMBERSHIP OF OVER 440, OF WHICH, 75% ARE LOCALLY-OWNED INDEPENDENT BUSINESSES. (APPROXIMATELY 15% ARE NATIONAL CHAINS AND 5% ARE REGIONAL BUSINESSES I.E. EASTERN MOUNTAIN SPORTS, JP LICKS AND BOLOCO AND INTERNATIONAL BUSINESSES, LIKE WAGAMAMA AND STARBUCKS.)
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt055552
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0111280
IRS990/ProgSrvcAccomActy3Grp/Desc0THE THIRD MAJOR EXPENSE LINE ITEM FOR 2015 OF $17,000 WAS TO SOLDIER DESIGN, A MARKETING AND BRANDING FIRM. WE CONTRACTED WITH THEM TO HELP DEVELOP THE MARKETING STRATEGY AND BRANDING CAMPAIGN AS PART OF OUR ONGOING COMMITMENT TO UPGRADE THE INFRASTRUCTURE IN HARVARD SQUARE, SPECIFICALLY IN THIS INSTANCE, THE UPGRADE OF THE OUT OF TOWN NEWS KIOSK. OUR FORMAL STATEMENT IS AS FOLLOWS: IN CONTINUATION OF RECENT SUCCESSFUL COLLABORATIONS BETWEEN THE CITY OF CAMBRIDGE, HARVARD UNIVERSITY, BUSINESS OWNERS, RESIDENTS AND THE MBTA, IT IS APPROPRIATE THAT WE EXTEND OUR EFFORTS TO UPDATE THE INFRASTRUCTURE OF HARVARD SQUARE. WHAT BEGAN IN 1998 WITH "A STRATEGIC PLAN FOR COMPETITIVE ADVANTAGE AND ASSET PRESERVATION IN HARVARD SQUARE", AND WAS FURTHER ADVANCED IN THE 2005-2006 HARVARD SQUARE INITIATIVE, HAS THOUGHTFULLY ENHANCED THE PUBLIC EXPERIENCE OF THE SQUARE. WITH THE MBTA ELEVATOR PROJECT AT THE HEAD HOUSE ABOUT TO BEGIN, IT IS AN IDEAL TIME TO EXAMINE THE HEART OF HARVARD SQUARE, THE ENTIRE MBTA PLAZA. THE PRIMARY GOAL OF THIS PLAN IS TO CONTINUE TO USE THIS WORLD-RECOGNIZED AND BELOVED URBAN SPACE AS A MEETING PLACE WHILE ENHANCING ITS COMMUNAL FEATURES AND USES. THIS INCLUDES HONORING THE TRADITION OF STREET PERFORMANCE, PRESERVING OUR HISTORIC AND ICONIC KIOSK, IMPROVING PEDESTRIAN SAFETY AND ACCESS, INCREASING OPEN SPACE AND GREENERY, AND ADDING STATE-OF-THE ART INFORMATION TECHNOLOGY. THE CONVERGENCE OF THE NEW ELEVATOR PROJECT (WHICH WILL TAKE PLACE IN THE SPRING OF 2016) AND THE FAIRLY RECENT 100TH ANNIVERSARY OF THE HARVARD SQUARE T STATION (MARCH 23, 1912) PROVIDE A PERFECT OPPORTUNITY TO TAKE A HOLISTIC APPROACH TO THE DESIGN OF THE HARVARD RED LINE SUBWAY STATION, THE OUT OF TOWN NEWS KIOSK, AND THE PIT. THESE ARE SIGNIFICANT "SPACES" IN HARVARD SQUARE. THIS PROPOSED DESIGN ATTEMPTS TO BOTH "MARK AND "MAKE" THE PLACE ANEW WITH ARCHITECTURAL ELEMENTS THEREBY ENCOURAGING PEOPLE TO INTERACT, LINGER, AND BE MORE DYNAMICALLY ENGAGED IN THIS URBAN LANDMARK.THE ROOF OF THE RED LINE SUBWAY HEAD HOUSE AND THE ADJACENT PIT PROVIDES AN OPPORTUNITY TO INCREASE VANTAGE POINTS FROM WHICH TO VIEW STREET PERFORMANCES. WE PROPOSE TRANSFORMING THE HEAD HOUSE INTO A TRANSPARENT RAKED ROOF CANOPY WITH STADIUM SEATING. THE STAIR TREADS OR HORIZONTAL BENCHES WOULD BE MADE OF REINFORCED CONCRETE SO THAT THE STRUCTURE APPEARS TO FLOAT. IT COULD HAVE GLASS RAILINGS, RISERS, AND WALLS TO ADVANCE THE NOTION OF TRANSPARENCY AND LIGHTNESS.ATOP THE TIERED SEATING COULD BE A DOUBLE-SIDED LED DISPLAY SCREEN THAT WRAPS THE CORNER TO ALLOW MULTIPLE VIEWING ANGLES. THE SCREEN CAN PROJECT THE TIME AND NEWS, AS WELL AS IMAGES OF THE ACTIVITY IN THE PIT, BROADENING THE VIEWING AUDIENCE FOR EVENTS OR PERFORMANCES IN THE PIT. THE REMOVAL OF STONE OBSTRUCTIONS AND ENLARGING THE SUNKEN AREA OF THE PIT WOULD OPEN UP THE PERFORMANCE SPACE. THIS WOULD CREATE LONGER PERIMETER STEPS FOR MORE SEATING AND PLANTERS FILLED WITH SUSTAINABLE VARIETIES OF GREENERY. WE PROPOSE REUSING THE BRICKS IN THE PLAZA, AS PRACTICAL. THE HISTORIC OUT OF TOWN NEWS KIOSK, A TRADITIONAL GATHERING SPOT FOR VISITORS, WAS THE FORMER SUBWAY ENTRANCE. THIS DESIGN SEEKS TO TRANSFORM THE KIOSK TO BE THE DISPENSER OF NEWS AND INFORMATION IN THE 21ST CENTURY, VIA DIGITAL MEANS.THESE ACTIVITIES DIRECTLY RELATE TO OUR MISSION OF "PROMOTING COMMERCE IN HARVARD SQUARE, WHILE BEING GOOD STEWARDS." I HOPE THIS INFORMATION IS HELPFUL, AND WILL GLADLY ASSIST IF YOU NEED ADDITIONAL CLARIFICATION.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL 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/SupplementalInformationDetail/ExplanationTxt1THE 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 OMMISSIONS AND ERRORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WHENEVER 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/SupplementalInformationDetail/ExplanationTxt3THE 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/SupplementalInformationDetail/ExplanationTxt4COPIES OF THE HARVARD SQUARE BUSINESS ASSOCIATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5JEREMIAH 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 - 1 FOLLEN STREET, CAMBRIDGE, MA 02138. ELIZABETH AGUILO - PAINE SENIOR SERVICES, 3 CHURCH STREET, CAMBRIDGE, MA 02138. RICHARD CARBONE - HARVARD SQUARE HOTEL, 110 MT. AUBURN STREET, CAMBRIDGE, MA 02138. LAURA DONOHUE - BOB SLATE STATIONERS, 30 BRATTLE STREET, CAMBRIDGE, MA 02138. DANIEL BERGER JONES - CAMBRIDGE HISTORICAL TOURS, 7 SCHOOL ST. PLACE, ROXBURY, MA 02119. PATRICK LEE - THE GRAFTON GROUP, 1280 MASS. AVE., CAMBRIDGE, MA 02138. RACHEL SOLEM - IRVING HOUSE AND HARDING HOUSE, 24 IRVING ST., CAMBRIDGE, MA 02138. JOE BATOR - EASTERN BANK, ONE BRATTLE SQUARE., CAMB., CAMBRIDGE, MA 02138. ADAM HIRSCH - THE WORLD'S ONLY CURIOUS GEORGE STORE, 1 JFK STREET, CAMBRIDGE, MA 02138. FRANK KRAMER - CAMBRIDGE LOCAL FIRST, 7 AVON STREET, CAMBRIDGE, MA 02138. KARI KUELZER - GRENDEL'S DEN, 89 WINTHROP STREET, CAMBRIDGE, MA 02138. THOMAS LUCEY - HARVARD UNIVERSITY, 1350 MASS. AVE., CAMBRIDGE, MA 02138. KATHERINE RAFFERTY - MOUNT AUBURN HOSPITAL, 330 MOUNT AUBURN STREET, CAMBRIDGE, MA 02138. ALEX ATTIA - THE CHARLES HOTEL, ONE BENNETT STREET, CAMBRIDGE, MA 02138. ERIN BECKER - CAMBRIDGE ART ASSOCIATION, 25R LOWELL STREET, CAMBRIDGE, MA 02138. JOSH BHATTI - THE SINCLAIR, 52 CHURCH STREET, CAMBRIDGE, MA 02138. CHUCK HONNET - NINE ATHENS, 9 ATHENS STREET, CAMBRIDGE, MA 02138. MARY TAYLOR - SALT & OLIVE, 1160 MASSACHUSETTS AVENUE, CAMBRIDGE, MA 02138. JERRY TRACY - PARSNIP, 91 WINTHROP STREET, CAMBRIDGE, MA 02138.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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