Civic Intelligence

Central Square Business Association Inc

990 • Fiscal year 2019 • EIN 04-3196111

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 30, 2020

PO Box 390426Cambridge, MA 02139

(617) 964-4437

Siviq Scores

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

Liabilities / Assets

96th percentile

0.93x

Higher debt load relative to assets than 96% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

69th percentile

0.04x

Higher debt load relative to revenue than 69% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Net Margin

26th percentile

-7.7%

Higher net margin than 26% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Top Officer Pay

85th percentile

$49,039

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 14.7% of source-year revenue.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Asset Growth

3rd percentile

-66%

Faster asset growth than 3% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

7th percentile

-39%

Faster revenue growth than 7% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$13,742

Down $26,922 (-66%) from 2018

Net Assets

Down

$1,030

Down $25,640 (-96%) from 2018

Liabilities

Down

$12,712

Down $1,282 (-9.2%) from 2018

Revenue

Down

$333,327

Down $212,841 (-39%) from 2018

Expenses

Down

$358,968

Down $275,517 (-43%) from 2018

Net Income

Up

-$25,641

Up $62,676 (+71%) from 2018

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0-$50KAssets 2010: $87,454Liabilities 2010: $0Net Assets 2010: $87,4542010Assets 2012: $35,485Liabilities 2012: $3,350Net Assets 2012: $32,1352012Assets 2013: $56,966Liabilities 2013: -$823Net Assets 2013: $57,7892013Assets 2014: $89,992Liabilities 2014: $7,714Net Assets 2014: $82,2782014Assets 2015: $121,172Liabilities 2015: $744Net Assets 2015: $120,4282015Assets 2016: $136,810Liabilities 2016: $0Net Assets 2016: $136,8102016Assets 2017: $114,908Liabilities 2017: $0Net Assets 2017: $114,9082017Assets 2018: $40,664Liabilities 2018: $13,994Net Assets 2018: $26,6702018Assets 2019: $13,742Liabilities 2019: $12,712Net Assets 2019: $1,0302019Assets 2020: $2,542Liabilities 2020: $0Net Assets 2020: $2,5422020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2019

Assets$13,742
Liabilities$12,712
Net Assets$1,030

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $91,5662010Expenses 2012: $186,3552012Revenue 2013: $215,367Expenses 2013: $189,713Net Income 2013: $25,6542013Revenue 2014: $250,443Expenses 2014: $229,950Net Income 2014: $20,4932014Revenue 2015: $283,678Expenses 2015: $241,532Net Income 2015: $42,1462015Revenue 2016: $249,469Expenses 2016: $233,087Net Income 2016: $16,3822016Revenue 2017: $285,651Expenses 2017: $307,553Net Income 2017: -$21,9022017Revenue 2018: $546,168Expenses 2018: $634,485Net Income 2018: -$88,3172018Revenue 2019: $333,327Expenses 2019: $358,968Net Income 2019: -$25,6412019Revenue 2020: $29,267Expenses 2020: $41,244Net Income 2020: -$11,9772020Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023

Highlighted filing

2019

Revenue$333,327
Expenses$358,968
Net Income-$25,641
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 30, 2020
Return Version
2019v5.1
Gross Receipts
$333,327
Mission and Program Overview

Mission

Promote the interests of retail and professional businesses within Central Square, Cambridge, MA.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$14,885$0▼ $14,885
Cash and Non-Interest-Bearing Accounts$17,732$5,798▼ $11,934
Pd in Cap Srpls Land Bldg Eqp Fund$2,159$2,159→ $0
Land, Buildings, and Equipment, Net$98$98→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$24,511$-1,129▼ $25,640
Total Assets$40,664$13,742▼ $26,922
Other Assets Total$7,949$7,846▼ $103
Liabilities
Other Liabilities$13,994$12,712▼ $1,282
Total Liabilities$13,994$12,712▼ $1,282
Net Assets / Fund Balance
Total Net Assets Fund Balance$26,670$1,030▼ $25,640
Total Liabilities and Net Assets / Fund Balance$40,664$13,742▼ $26,922

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$98$1,602$1,700
Other Assets Org$146--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael MonestimeExecutive DirectorFT$49,039$49,039

Board Members and Trustees

NameTitle
Jessica ManganelloPresident
Patrick RowePresident
Anya BearVice President
Devin ColeVice President
Kelly FlynnVice President
Charles HollinsDirector
Chris GullyDirector
Christina AbeleDirector
George MetzgerDirector
Joshua GerberDirector
Kara CournoyerDirector
Nabil SaterDirector
Patrick Barrett IIIDirector
Peter DiMuroDirector
William ScottDirector
Sasha PurpuraClerk
Mark OrentTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,500
Program Service Revenue
$330,827
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,500
Change in Net Assets
$-25,641
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$282,238
Salaries, Compensation, and Employee Benefits$76,730
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$69,840-$69,840
Fees for Services Other$18,395$25,677-$44,072
Information Technology-$24,620-$24,620
All Other Expenses$1,480$15,388-$16,868
Fees for Services Accounting-$16,505-$16,505
Other Expenses$36,212$14,564-$14,564
Fees for Services Legal-$12,814-$12,814
Office Expenses-$7,773-$7,773
Payroll Taxes-$6,890-$6,890
Insurance-$2,218-$2,218
Advertising-$1,039-$1,039
Travel-$908-$908
Total Functional Expenses$139,534$219,434$0$358,968
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
In-house lobbying only
No
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit cards$12,712
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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 6

There is only one class of members who vote for the Board of Directors. They are called Voting Members.

Form 990, Part VI, Section A, line 8B

Meetings are documented as this is a volunteer organization with limited resources.

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

The form 990 is reviewed by the Treasurer and sometimes by the President. The review includes the tax preparer who completed the 990.

Form 990, Part VI, Section C, line 19

These are available to the public upon request. As a 501(c)(6) entity, disclosure of these documents to the public is not automatic.

Filing and Contact Details

Filer

Filer Name
Central Square Business Association Inc
EIN
04-3196111
Phone
6179644437
Address
PO Box 390426, Cambridge, MA 02139

Signing Officer

Name
Mark Orent
Title
Treasurer
Phone
6174972500
Signed
2020-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Orent
Formed
1993
Legal Domicile
Ma
Voting Board Members
18
Independent Board Members
17
Employees
0
Volunteers
0

Preparer

Firm
David J Prothero CPA PC
Address
313 Washington Street Suite 200, Newton, MA 02458
Preparer
David J Prothero
Phone
6178716602
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Graphic Design: Program service expenses 0. Management and general expenses 6,199. Fundraising expenses 0. Total expenses 6,199. Photography: Program service expenses 0. Management and general expenses 1,006. Fundraising expenses 0. Total expenses 1,006. Day Labor: Program service expenses 0. Management and general expenses 2,151. Fundraising expenses 0. Total expenses 2,151. Artists: Program service expenses 0. Management and general expenses 8,233. Fundraising expenses 0. Total expenses 8,233. Payroll fees: Program service expenses 0. Management and general expenses 646. Fundraising expenses 0. Total expenses 646. Bank Fee/CC Card: Program service expenses 0. Management and general expenses 7,069. Fundraising expenses 0. Total expenses 7,069. Professional Service Fees: Program service expenses 18,395. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,395. Quickbooks Fee: Program service expenses 0. Management and general expenses 373. Fundraising expenses 0. Total expenses 373.

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IRS990/Form990PartVIISectionAGrp/PersonNm16Michael Monestime
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IRS990/OtherExpensesGrp/Desc3Meeting Fees (Food)
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt021198
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt114564
IRS990/OtherExpensesGrp/ProgramServicesAmt083447
IRS990/OtherExpensesGrp/ProgramServicesAmt136212
IRS990/OtherExpensesGrp/TotalAmt083447
IRS990/OtherExpensesGrp/TotalAmt136212
IRS990/OtherExpensesGrp/TotalAmt221198
IRS990/OtherExpensesGrp/TotalAmt314564
IRS990/OtherLiabilitiesGrp/BOYAmt013994
IRS990/OtherLiabilitiesGrp/EOYAmt012712
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt069840
IRS990/OtherSalariesAndWagesGrp/TotalAmt069840
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06890
IRS990/PayrollTaxesGrp/TotalAmt06890
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt02159
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt02159
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Mark Orent
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0Parking Income
IRS990/ProgramServiceRevenueGrp/Desc1Programs & Events
IRS990/ProgramServiceRevenueGrp/Desc2Membership Dues
IRS990/ProgramServiceRevenueGrp/Desc3Income from BID
IRS990/ProgramServiceRevenueGrp/Desc4Central Flea
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0156156
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt182599
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt267288
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt320000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt43784
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0156156
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt182599
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt267288
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt320000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt43784
IRS990/ProgSrvcAccomActy2Grp/Desc0Mural Project and associated expenses to attract visitors to Central Square to promote Central Square businesses which further the goals of the organization.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0740
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt082599
IRS990/ProgSrvcAccomActy3Grp/Desc0Parking Program in Central Square area of Cambridge, MA
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt083225
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0156156
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Central Flea and other services and associated expenses to attract visitors to Central Square to promote Central Square businesses which further the goals of the organization.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt019357
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt086385
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt079
IRS990/PYOtherExpensesAmt0512148
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0546089
IRS990/PYRevenuesLessExpensesAmt0-88317
IRS990/PYSalariesCompEmpBnftPaidAmt0122337
IRS990/PYTotalExpensesAmt0634485
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0546168
IRS990/ReconcilationRevenueExpnssAmt0-25641
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01000
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt024511
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-1129
IRS990/SavingsAndTempCashInvstGrp/BOYAmt014885
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/DuesAssessmentsAmt067288
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt07700
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1146
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0undeposited funds
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1due from Michael Monestime
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt098
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01602
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01700
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012712
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Credit cards
IRS990ScheduleD/TotalBookValueLandBuildingsAmt098
IRS990ScheduleD/TotalBookValueOtherAssetsAmt07846
IRS990ScheduleD/TotalLiabilityAmt012712
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0There is only one class of members who vote for the Board of Directors. They are called Voting Members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Meetings are documented as this is a volunteer organization with limited resources.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The form 990 is reviewed by the Treasurer and sometimes by the President. The review includes the tax preparer who completed the 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3These are available to the public upon request. As a 501(c)(6) entity, disclosure of these documents to the public is not automatic.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Graphic Design: Program service expenses 0. Management and general expenses 6,199. Fundraising expenses 0. Total expenses 6,199. Photography: Program service expenses 0. Management and general expenses 1,006. Fundraising expenses 0. Total expenses 1,006. Day Labor: Program service expenses 0. Management and general expenses 2,151. Fundraising expenses 0. Total expenses 2,151. Artists: Program service expenses 0. Management and general expenses 8,233. Fundraising expenses 0. Total expenses 8,233. Payroll fees: Program service expenses 0. Management and general expenses 646. Fundraising expenses 0. Total expenses 646. Bank Fee/CC Card: Program service expenses 0. Management and general expenses 7,069. Fundraising expenses 0. Total expenses 7,069. Professional Service Fees: Program service expenses 18,395. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,395. Quickbooks Fee: Program service expenses 0. Management and general expenses 373. Fundraising expenses 0. Total expenses 373.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt040664
IRS990/TotalAssetsEOYAmt013742
IRS990/TotalAssetsGrp/BOYAmt040664
IRS990/TotalAssetsGrp/EOYAmt013742
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02500
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0219434
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0139534
IRS990/TotalFunctionalExpensesGrp/TotalAmt0358968
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013994
IRS990/TotalLiabilitiesEOYAmt012712
IRS990/TotalLiabilitiesGrp/BOYAmt013994
IRS990/TotalLiabilitiesGrp/EOYAmt012712
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt026670
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01030
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt019357
IRS990/TotalOtherProgSrvcRevenueAmt086385
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt01000
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt01000
IRS990/TotalProgramServiceExpensesAmt0139534
IRS990/TotalProgramServiceRevenueAmt0330827

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