Civic Intelligence

Jobs for Fall River Inc

990 • Fiscal year 2019 • EIN 04-2655817

Jul 01, 2018 to Jun 30, 2019 • Filed on Dec 17, 2019

139 South Main Street No 400Fall River, MA 02721

(508) 324-2620

Siviq Scores

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

Liabilities / Assets

66th percentile

0.39x

Higher debt load relative to assets than 66% of similar nonprofits.

2019 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

87th percentile

7.33x

Higher debt load relative to revenue than 87% of similar nonprofits.

2019 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2019

Net Margin

5th percentile

-113%

Higher net margin than 5% of similar nonprofits.

2019 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

62nd percentile

$207,881

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 36.6% of source-year revenue.

2019 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2019

Asset Growth

8th percentile

-12%

Faster asset growth than 8% of similar nonprofits.

2019 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

6th percentile

-52%

Faster revenue growth than 6% of similar nonprofits.

2019 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Down

$10,602,274

Down $1,414,496 (-12%) from 2018

Net Assets

Down

$6,439,538

Down $639,474 (-9.0%) from 2018

Liabilities

Down

$4,162,736

Down $775,022 (-16%) from 2018

Revenue

Down

$568,192

Down $625,267 (-52%) from 2018

Expenses

Down

$1,207,666

Down $113,238 (-8.6%) from 2018

Net Income

Down

-$639,474

Down $512,029 (-402%) from 2018

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $14,828,739Liabilities 2011: $6,676,160Net Assets 2011: $8,152,5792011Assets 2012: $16,667,930Liabilities 2012: $8,643,958Net Assets 2012: $8,023,9722012Assets 2013: $16,307,405Liabilities 2013: $8,564,444Net Assets 2013: $7,742,9612013Assets 2014: $14,949,526Liabilities 2014: $7,409,268Net Assets 2014: $7,540,2582014Assets 2015: $12,873,213Liabilities 2015: $5,899,236Net Assets 2015: $6,973,9772015Assets 2016: $12,044,101Liabilities 2016: $5,036,536Net Assets 2016: $7,007,5652016Assets 2017: $12,204,744Liabilities 2017: $4,998,287Net Assets 2017: $7,206,4572017Assets 2018: $12,016,770Liabilities 2018: $4,937,758Net Assets 2018: $7,079,0122018Assets 2019: $10,602,274Liabilities 2019: $4,162,736Net Assets 2019: $6,439,5382019Assets 2020: $10,298,907Liabilities 2020: $4,265,277Net Assets 2020: $6,033,6302020Assets 2021: $11,824,089Liabilities 2021: $4,183,442Net Assets 2021: $7,640,6472021Assets 2022: $10,855,631Liabilities 2022: $3,065,247Net Assets 2022: $7,790,3842022Assets 2023: $10,598,026Liabilities 2023: $2,967,254Net Assets 2023: $7,630,7722023Assets 2024: $10,067,879Liabilities 2024: $2,962,116Net Assets 2024: $7,105,7632024Assets 2025: $7,678,698Liabilities 2025: $2,751,080Net Assets 2025: $4,927,6182025

Highlighted filing

2019

Assets$10,602,274
Liabilities$4,162,736
Net Assets$6,439,538

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2011: $1,124,6862011Expenses 2012: $1,163,9962012Revenue 2013: $966,002Expenses 2013: $1,247,013Net Income 2013: -$281,0112013Revenue 2014: $936,390Expenses 2014: $1,139,093Net Income 2014: -$202,7032014Revenue 2015: $801,832Expenses 2015: $1,323,978Net Income 2015: -$522,1462015Revenue 2016: $959,047Expenses 2016: $925,459Net Income 2016: $33,5882016Revenue 2017: $1,057,566Expenses 2017: $858,674Net Income 2017: $198,8922017Revenue 2018: $1,193,459Expenses 2018: $1,320,904Net Income 2018: -$127,4452018Revenue 2019: $568,192Expenses 2019: $1,207,666Net Income 2019: -$639,4742019Revenue 2020: $662,906Expenses 2020: $1,068,814Net Income 2020: -$405,9082020Revenue 2021: $2,763,476Expenses 2021: $1,156,459Net Income 2021: $1,607,0172021Revenue 2022: $1,626,254Expenses 2022: $1,476,517Net Income 2022: $149,7372022Revenue 2023: $1,157,861Expenses 2023: $1,317,473Net Income 2023: -$159,6122023Revenue 2024: $1,120,696Expenses 2024: $1,645,705Net Income 2024: -$525,0092024Revenue 2025: $1,013,688Expenses 2025: $3,191,833Net Income 2025: -$2,178,1452025

Highlighted filing

2019

Revenue$568,192
Expenses$1,207,666
Net Income-$639,474
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Dec 17, 2019
Return Version
2018v3.1
Gross Receipts
$568,192
Mission and Program Overview

Mission

The organization's mission is to promote prosperity and the general welfare of the citizens of the city of fall river by stimulating economic and industrial growth and expansion in the area to include the city of fall river and the towns of freetown, somerset and westport.

Promote prosperity and the general welfare of the citizens of the city of fall river by stimulating economic and industrial growth and expansion in the area to include the city of fall river and the towns of freetown, somerset and westport.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,520,377$4,355,620▼ $164,757
Other Notes and Loans Receivable, Net$3,370,616$3,062,056▼ $308,560
Savings and Temporary Cash Investments$3,896,662$3,016,856▼ $879,806
Accounts Receivable$113,043$75,780▼ $37,263
Intangible Assets$48,827$48,827→ $0
Cash and Non-Interest-Bearing Accounts$39,637$31,331▼ $8,306
Pledges and Grants Receivable$18,995--
Prepaid Expenses and Deferred Charges$8,613$11,804▲ $3,191
Total Assets$12,016,770$10,602,274▼ $1,414,496
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,566,611$3,732,643▼ $833,968
Unsecured Notes Loans Payable$250,000$250,000→ $0
Accounts Payable and Accrued Expenses$119,628$177,256▲ $57,628
Escrow Account Liability$1,519$2,837▲ $1,318
Total Liabilities$4,937,758$4,162,736▼ $775,022
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,810,406$3,810,406→ $0
Unrestricted Net Assets$3,268,606$3,268,606→ $0
Total Net Assets Fund Balance$7,079,012$6,439,538▼ $639,474
Total Liabilities and Net Assets / Fund Balance$12,016,770$10,602,274▼ $1,414,496

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,194,444$3,173,638$7,368,082
Equipment$26,176$119,595$145,771
Land$135,000-$135,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kenneth FiolaExecutive Vice PresidentFT$162,466$49,039$211,505

Board Members and Trustees

NameTitle
Frank MarchionePresident
James M KaramVice President
Ron RusinClerk
Bruce FernandesMember at Large
Francisco J CabralMember at Large
Fred M FrancoMember at Large
James P SabraMember at Large
James WallaceMember at Large
John SilvaMember at Large
Kenneth R RezendesMember at Large
Maria Ferreira-bedardMember at Large
Mark CordeiroMember at Large
Michael BenevidesMember at Large
Michael BushellMember at Large
Michael LundMember at Large
Michelle PelletierMember at Large
Paul C BurkeMember at Large
Paul S MedeirosMember at Large
Rebecaa CollinsMember at Large
Robert MongeonMember at Large
Thomas AubinMember at Large
Eileen DanaheyPast Member at Large
Carlos a DacunhaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$559,535
Investment Income
$8,657
Other Revenue
$0
Change in Net Assets
$-639,474

Audited Revenue Reconciliation

Revenue per Audited Statements
$568,192
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$568,192
Total Revenue per Form 990
$568,192
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$714,925
Salaries, Compensation, and Employee Benefits$492,741
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-$213,586-$213,586
Occupancy$185,231$8,674-$193,905
Depreciation Depletion$183,682$4,930-$188,612
Other Salaries and Wages$148,731$13,753-$162,484
Fees for Services Legal$8,720$107,467-$116,187
Interest$113,252$1,709-$114,961
Other Employee Benefits$33,850$51,740-$85,590
Insurance$44,793$4,410-$49,203
Payroll Taxes$12,292$18,789-$31,081
Fees for Services Accounting-$24,500-$24,500
Office Expenses$185$15,595-$15,780
Conferences and Meetings-$5,053-$5,053
Advertising$894$2,745-$3,639
Fees for Services Other$74$3,011-$3,085
Total Functional Expenses$731,704$475,962$0$1,207,666

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,207,666
Total Expenses per Audited Statements$1,207,666
Total Expenses per Form 990$1,207,666
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Shares Board Members in CommonLOAN TO JOBS FOR FALL RIVER AT 0% INTEREST FOR THE REFURBISHMENT OF CHERRY & WEBB BUILDING: THE REHABILITATION AND IMPROVEMENT OF A HISTORICAL DOWNTOWN FORMER DEPARTMENT STORE. THIS BUILDING HAS BEEN DEVELOPED AS COMMERCIAL AND RETAIL SPACE AS WELL CAMPUS SPACE FOR A VARIETY OF A LOCAL EDUCATIONAL ORGANIZATIONS.No$1,500,000
-Shares Board Members in CommonNOTE PAYABLE TO JOBS FOR FALL RIVER AT 3% FOR THE PURPOSE OF ESTABLISHING A REVOLVING LOAN PROGRAM FOR LOCAL BUSINESSESNo$750,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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 8B

The organization contemporaneously documents meetings held by the finance committee but does not do so for meetings of the executive committee. The executive committee, consisting of the officers of the organization, meets monthly and does not keep minutes; an agenda of each meeting is prepared and maintained. The executive committee does have the authority, granted by the board of directors, to approve raises and the financial statement audit. Approval of such is either documented in memo form or contract and approvals are noted at the next board of directors meeting.

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

Executive director reviews the form 990 and submits the form for approval by the executive committee.

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

Each member of the board of directors receives a copy of the conflict of interest policy and annually is required to return provided statement that they have read this policy and to state whether any conflicts exist and if so what conflicts there are.

Form 990, Part VI, Section B, Line 15A

Executive committee approves compensation of executive director per approval of the board. Compensation is recorded by contract over five year period. See schedule j

Form 990, Part VI, Section C, Line 18

All forms are available upon request. Form 990 is also available at www.guidestar.org

Form 990, Part VI, Section C, Line 19

A copy of the bylaws is available upon request and after consideration. The conflict of interest policy is available upon request. The articles of incorporation are available via the office of the secretary of the commonwealth of massachusetts. Copies of financial statements are available upon request and are also accessible online through the commonwealth of massachusetts division of public charities.

Filing and Contact Details

Filer

Filer Name
Jobs for Fall River Inc
EIN
04-2655817
Phone
5083242620
Address
139 SOUTH MAIN STREET NO 400, FALL RIVER, MA 02721
Doing Business As
Bristol County Edc

Signing Officer

Name
Frank Marchione
Title
President
Phone
5083242620
Signed
2019-12-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frank Marchione
Formed
1978
Legal Domicile
Ma
Voting Board Members
24
Independent Board Members
24
Employees
5
Volunteers
0

Preparer

Firm
Kevin P Martin Associates Pc
Address
111 DURFEE STREET, FALL RIVER, MA 02720
Preparer
Ellen Sicard CPA
Phone
7813803520
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IRS990/Form990PartVIISectionAGrp/PersonNm1MICHELLE PELLETIER
IRS990/Form990PartVIISectionAGrp/PersonNm2JOHN SILVA
IRS990/Form990PartVIISectionAGrp/PersonNm3MICHAEL BENEVIDES
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IRS990/Form990PartVIISectionAGrp/PersonNm21CARLOS A DACUNHA
IRS990/Form990PartVIISectionAGrp/PersonNm22RON RUSIN
IRS990/Form990PartVIISectionAGrp/PersonNm23KENNETH FIOLA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt23199328
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/TitleTxt0MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt1MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt4PAST MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt15MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt16MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt17MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt18MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt19PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt20VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt21TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt22CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt23EXECUTIVE VICE PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01978
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt024
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0568192
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt024
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt04410
IRS990/InsuranceGrp/ProgramServicesAmt044793
IRS990/InsuranceGrp/TotalAmt049203
IRS990/IntangibleAssetsGrp/BOYAmt048827
IRS990/IntangibleAssetsGrp/EOYAmt048827
IRS990/InterestGrp/ManagementAndGeneralAmt01709
IRS990/InterestGrp/ProgramServicesAmt0113252
IRS990/InterestGrp/TotalAmt0114961
IRS990/InvestmentIncomeGrp/ExclusionAmt08657
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt08657
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03293233
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04520377
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04355620
IRS990/LandBldgEquipCostOrOtherBssAmt07648853
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROMOTE PROSPERITY AND THE GENERAL WELFARE OF THE CITIZENS OF THE CITY OF FALL RIVER BY STIMULATING ECONOMIC AND INDUSTRIAL GROWTH AND EXPANSION IN THE AREA TO INCLUDE THE CITY OF FALL RIVER AND THE TOWNS OF FREETOWN, SOMERSET AND WESTPORT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04566611
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03732643
IRS990/NetAssetsOrFundBalancesBOYAmt07079012
IRS990/NetAssetsOrFundBalancesEOYAmt06439538
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt08674
IRS990/OccupancyGrp/ProgramServicesAmt0185231
IRS990/OccupancyGrp/TotalAmt0193905
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt015595
IRS990/OfficeExpensesGrp/ProgramServicesAmt0185
IRS990/OfficeExpensesGrp/TotalAmt015780
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt051740
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt033850
IRS990/OtherEmployeeBenefitsGrp/TotalAmt085590
IRS990/OtherInd0X
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt013753
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0148731
IRS990/OtherSalariesAndWagesGrp/TotalAmt0162484
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt03370616
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt03062056
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt018789
IRS990/PayrollTaxesGrp/ProgramServicesAmt012292
IRS990/PayrollTaxesGrp/TotalAmt031081
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt018995
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08613
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011804
IRS990/PrincipalOfficerNm0FRANK MARCHIONE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522200
IRS990/ProgramServiceRevenueGrp/BusinessCd1541610
IRS990/ProgramServiceRevenueGrp/BusinessCd2531120
IRS990/ProgramServiceRevenueGrp/BusinessCd3522200
IRS990/ProgramServiceRevenueGrp/BusinessCd4522200
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc2RENTAL RECEIPTS
IRS990/ProgramServiceRevenueGrp/Desc3RECOVERY
IRS990/ProgramServiceRevenueGrp/Desc4LOAN ORIG.& SERV. FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0203425
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1155092
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2149097
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt334541
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt417380
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0203425
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1155092
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2149097
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt334541
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt417380
IRS990/ProgSrvcAccomActy2Grp/Desc0REVOLVING LOAN PROGRAM: 50 LOANS TO APPROXIMATELY 41 LOCAL BUSINESSES TO HELP STIMULATE ECONOMIC AND INDUSTRIAL GROWTH AND EXPANSION AND TO PROMOTE JOB CREATION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0168292
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0255346
IRS990/ProgSrvcAccomActy3Grp/Desc0CAROUSEL PROJECT- AT INCEPTION IT WAS TO RESTORE AND PRESERVE THE LINCOLN PARK CAROUSEL. THIS LOCAL LANDMARK WAS PLACED AT THE FALL RIVER WATERFRONT TO FURTHER ENHANCE THIS AREA TO PROMOTE AND PROTECT THE WATERFRONT FROM DECAY BY BRINGING VISITORS AND BUSINESSES TO THIS AREA OF FALL RIVER- APPROX. 15,000 VISITORS/YR. THE ORGANIZATION PROVIDES FOR THE MAINTENANCE AND REPAIR OF THIS PROPERTY. THE CAROUSEL IS OPERATED BY A 501(C)(3) ORGANIZATION, THE U.S.S. MASSACHUSETTS MEMORIAL COMMITTEE, INC. AT BATTLESHIP COVE. REVENUES DERIVED FROM THIS PROGRAM ARE KEPT AND REPORTED BY THE U.S.S. MASSACHUSETTS MEMORIAL COMMITTEE, INC. AND APPLIED TO THEIR COSTS OF OPERATIONS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt043902
IRS990/ProgSrvcAccomActyOtherGrp/Desc0SPECIAL PROJECTS AND MANAGEMENT FEES: THE ORGANIZATION RECEIVES FUNDING FROM VARIOUS SOURCES IN ORDER TO DIRECT DEVELOPMENT STUDIES AND TO PROVIDE ADMINISTRATIVE SUPPORT FOR A VARIETY OF PROJECTS AND DEVELOPMENT GOALS, FOR EXAMPLE THE STUDY OF ALTERNATIVE ENERGY SOURCES, HARBOR DEVELOPMENT, DOWNTOWN DEVELOPMENT AND SPECIAL EVENTS. THE ORGANIZATION PROVIDES SUPPORT AND LEADERSHIP TOWARDS ECONOMIC GROWTH AND DEVELOPMENT.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt07317
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0155092
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt037553
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt014404
IRS990/PYOtherExpensesAmt0821823
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01141502
IRS990/PYRevenuesLessExpensesAmt0-127445
IRS990/PYSalariesCompEmpBnftPaidAmt0499081
IRS990/PYTotalExpensesAmt01320904
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01193459
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-639474
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0149097
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03896662
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03016856
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AdditionsDuringYearAmt011997
IRS990ScheduleD/AgentTrusteeEtcInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.68$2.75$4.93$1.01$3.19$2.18
2024Detailed filing. Detailed filing data is available for this year.$10.1$2.96$7.11$1.12$1.65$0.53
2023Detailed filing. Detailed filing data is available for this year.$10.6$2.97$7.63$1.16$1.32$0.16
2022Detailed filing. Detailed filing data is available for this year.$10.9$3.07$7.79$1.63$1.48$0.15
2021Detailed filing. Detailed filing data is available for this year.$11.8$4.18$7.64$2.76$1.16$1.61
2020Detailed filing. Detailed filing data is available for this year.$10.3$4.27$6.03$0.66$1.07$0.41
2019Detailed filing. Detailed filing data is available for this year.$10.6$4.16$6.44$0.57$1.21$0.64
2018Detailed filing. Detailed filing data is available for this year.$12.0$4.94$7.08$1.19$1.32$0.13
2017Detailed filing. Detailed filing data is available for this year.$12.2$5.00$7.21$1.06$0.86$0.20
2016Detailed filing. Detailed filing data is available for this year.$12.0$5.04$7.01$0.96$0.93$0.03
2015Detailed filing. Detailed filing data is available for this year.$12.9$5.90$6.97$0.80$1.32$0.52
2014Detailed filing. Detailed filing data is available for this year.$14.9$7.41$7.54$0.94$1.14$0.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.3$8.56$7.74$0.97$1.25$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.7$8.64$8.02$1.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.8$6.68$8.15$1.12