Civic Intelligence

Harvard Square Business Association Inc

990 • Fiscal year 2016 • EIN 04-2647383

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 06, 2017

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

28th percentile

0.01x

Higher debt load relative to assets than 28% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

28th percentile

0.01x

Higher debt load relative to revenue than 28% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Net Margin

24th percentile

-3.5%

Higher net margin than 24% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

83rd percentile

$134,127

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 31.9% of source-year revenue.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Asset Growth

28th percentile

-3.4%

Faster asset growth than 28% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

38th percentile

-0.5%

Faster revenue growth than 38% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$407,220

Down $14,198 (-3.4%) from 2015

Net Assets

Down

$404,547

Down $14,864 (-3.5%) from 2015

Liabilities

Up

$2,673

Up $666 (+33%) from 2015

Revenue

Down

$419,937

Down $2,015 (-0.5%) from 2015

Expenses

Down

$434,801

Down $16,545 (-3.7%) from 2015

Net Income

Up

-$14,864

Up $14,530 (+49%) from 2015

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

2016

Assets$407,220
Liabilities$2,673
Net Assets$404,547

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

2016

Revenue$419,937
Expenses$434,801
Net Income-$14,864
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 6, 2017
Return Version
2016v3.0
Gross Receipts
$561,835
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$419,411$404,547▼ $14,864
Savings and Temporary Cash Investments$407,691$397,882▼ $9,809
Land, Buildings, and Equipment, Net$12,855$8,505▼ $4,350
Cash and Non-Interest-Bearing Accounts$872$833▼ $39
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$421,418$407,220▼ $14,198
Liabilities
Other Liabilities$2,007$2,673▲ $666
Total Liabilities$2,007$2,673▲ $666
Net Assets / Fund Balance
Total Net Assets Fund Balance$419,411$404,547▼ $14,864
Total Liabilities and Net Assets / Fund Balance$421,418$407,220▼ $14,198

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,265$133,179$141,444
Other Land Buildings$240$1,910$2,150
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Denise a JillsonExec. DirectorFT$134,127$134,127

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$321,465
Program Service Revenue
$0
Investment Income
$225
Other Revenue
$98,247
All Other Contributions
$188,856
Change in Net Assets
$-14,864
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$305,648
Other Expenses$129,153
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---$134,127
Comp Disqual Persons---$115,985
Advertising---$39,050
Other Employee Benefits---$33,557
Office Expenses---$29,987
Occupancy---$28,490
Payroll Taxes---$21,979
Insurance---$7,045
Other Expenses---$6,693
Depreciation Depletion---$6,324
Fees for Services Accounting---$4,750
Total Functional Expenses$0$0$0$434,801
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$240,145
Fundraising Direct Expenses$141,898
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Mayfair Income$104,840$104,840$28,124$76,716
Oktoberfest Income$93,221$93,221$28,437$64,784
Total Events$238,708$238,708$110,035$128,673
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Withholding$2,673
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 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

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 Contact Addresses for Officers, Directors, Etc

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. 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. Kori lamontange - tarragon, 1180 centre street, newton, ma 02459. Mary canning - follow the honey, 1132 massachusetts avenue, cambridge, ma 02138. Bertil jean-chronberg - the beat brasserie, 13 brattle street, cambridge, ma 02138. Ted galante - galante architecture, 56 jfk street, cambridge, ma 02138. Jane hirschi - citysprouts, 678 massachusetts ave, cambridge, ma 02139. Susan lapierre - cambridge savings bank, 1374 massachusetts avenue., cambridge, ma 02138. Meredith weenick - harvard university, 1350 massachusetts avenue, 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
2017-03-06
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
23

Preparer

Firm
JOHNSON O'CONNOR FERON & CARUCCI LLP
Address
101 EDGEWATER DRIVE SUITE 210, WAKEFIELD, MA 01880
Preparer
Kristine K Fitzgerald
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 34ND ANNUAL MAYFAIR ON MAY 8, 2016 AND GENERATED $ 104,840 IN INCOME AND HAD EXPENSES OF $ 40,864 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/TitleTxt0PRESIDENT
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
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01936
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd01
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IRS990/FundraisingGrossIncomeAmt0240145
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IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
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IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt07045
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0225
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
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IRS990/LandBldgEquipCostOrOtherBssAmt0143594
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IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt0132609
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0419411
IRS990/NetAssetsOrFundBalancesEOYAmt0404547
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt098247
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt098247
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt028490
IRS990/OfficeExpensesGrp/TotalAmt029987
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt033557
IRS990/OtherExpensesGrp/Desc0ANNUAL MEETING EXPENSE
IRS990/OtherExpensesGrp/Desc1BANK & PAYROLL PROCESSI
IRS990/OtherExpensesGrp/TotalAmt06814
IRS990/OtherExpensesGrp/TotalAmt16693
IRS990/OtherLiabilitiesGrp/BOYAmt02007
IRS990/OtherLiabilitiesGrp/EOYAmt02673
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt021979
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JOHN DIGIOVANNI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0ON OCTOBER 11, 2016, WE CELEBRATED OUR 38TH ANNUAL OKTOBERFEST CELEBRATION AND GENERATED $93,688 IN INCOME AND HAD EXPENSES OF $ 42,890. 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 400, OF WHICH, 70% ARE LOCALLY-OWNED INDEPENDENT BUSINESSES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt042690
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt093688
IRS990/ProgSrvcAccomActy3Grp/Desc0THE THIRD MAJOR EXPENSE LINE ITEM FOR 2016 OF $30,425 WAS FOR FLOWERS, BANNERS AND BRACKETS FOR THE OUTSIDE PUBLIC SPACE. OUR MISSION IS "TO PROMOTE COMMERCE IN HARVARD SQUARE" OVER THE PAST SEVERAL YEARS, WE HAVE ADDED THE TAGLINE, "WHILE BEING GOOD STEWARDS OF THE OUTSIDE SPACE". AN IMPORTANT PART OF OUR STEWARDSHIP IS PURCHASING SEASONAL BANNERS, AND FLOWERS. THE GSBA PURCHASES OVER 150 FLOWER BASKETS EACH YEAR, WE WATER AND MAINTAIN THE FLOWERS ON THE LAMPPOSTS AND IN THE PLANTER BOXES ALONG THE PUBLIC WAY. WE ALSO PURCHASE THE HARDWARE BRACKETS TO HOLD BOTH THE FLOWERS AND THE BANNERS. IN 2016, WE CONTINUED OUR ADVOCACY FOR INFRASTRUCTURE IMPROVEMENTS BY THE CITY OF CAMBRIDGE, WHICH RESULTED IN THEIR COMMITMENT OF 2 MILLION DOLLARS IN FY 17 AND 2 MILLION IN FY 18 TO BE USED TO RESTORE THE OUT OF TOWN NEWS KIOSK STRUCTURE AND PLAZA.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt030425
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0331813
IRS990/PYGrantsAndSimilarPaidAmt00
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IRS990/PYOtherExpensesAmt0157938
IRS990/PYOtherRevenueAmt089915
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-29394
IRS990/PYSalariesCompEmpBnftPaidAmt0293408
IRS990/PYTotalExpensesAmt0451346
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0421952
IRS990/ReconcilationRevenueExpnssAmt0-14864
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0104840
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0419411
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0404547
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0407691
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0397882
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt08265
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0133179
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0141444
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0240
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01910
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02150
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02673
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL WITHHOLDING
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08505
IRS990ScheduleD/TotalLiabilityAmt02673
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0110035
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt012740
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt014253
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt026993
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0MAYFAIR INCOME
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0OKTOBERFEST INCOME
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0104840
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt093221
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt040647
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0238708
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0104840
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt093221
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt040647
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0238708
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0128673
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt026481
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt083042
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt028124
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt028437
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
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 OMISSIONS 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. 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. KORI LAMONTANGE - TARRAGON, 1180 CENTRE STREET, NEWTON, MA 02459. MARY CANNING - FOLLOW THE HONEY, 1132 MASSACHUSETTS AVENUE, CAMBRIDGE, MA 02138. BERTIL JEAN-CHRONBERG - THE BEAT BRASSERIE, 13 BRATTLE STREET, CAMBRIDGE, MA 02138. TED GALANTE - GALANTE ARCHITECTURE, 56 JFK STREET, CAMBRIDGE, MA 02138. JANE HIRSCHI - CITYSPROUTS, 678 MASSACHUSETTS AVE, CAMBRIDGE, MA 02139. SUSAN LAPIERRE - CAMBRIDGE SAVINGS BANK, 1374 MASSACHUSETTS AVENUE., CAMBRIDGE, MA 02138. MEREDITH WEENICK - HARVARD UNIVERSITY, 1350 MASSACHUSETTS AVENUE, CAMBRIDGE, MA 02138.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
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 CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC
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