Civic Intelligence

Cabot Boston Credit Union

EIN 04-6053292 • 501(c)14 • Boston, MA

Profile

Cabot Boston Credit Union is a not-for-profit small financial institution serving employees of Cabot Corporation and their families. CBCU was chartered in 1941 as a state chartered credit union and is federally insured by NCUA and MSIC to provide low cost products and services to its members.

2 Seaport Ln Ste 1400Boston, MA 02210-2019

www.cbcu.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

53rd percentile

0.82x

Higher debt load relative to assets than 53% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

77th percentile

17.23x

Higher debt load relative to revenue than 77% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Source year 2024

Net Margin

10th percentile

-73%

Higher net margin than 10% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

18th percentile

$0

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)14 • $1M-$5M nonprofits • Source year 2024

Asset Growth

37th percentile

-19%

Faster asset growth than 37% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

51st percentile

-2.6%

Faster revenue growth than 51% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Down

$4,851,881

Down $1,172,875 (-19%) from 2023

Liabilities

Down

$3,983,291

Down $1,004,131 (-20%) from 2023

Net Assets

Down

$868,590

Down $168,744 (-16%) from 2023

Operations
Liabilities / Revenue77th percentileNet Margin10th percentile

Revenue

Down

$231,128

Down $6,187 (-2.6%) from 2023

Expenses

Up

$399,872

Up $115,161 (+40%) from 2023

Net Income

Down

-$168,744

Down $121,348 (-256%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth37th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $7,723,298Liabilities 2010: $6,370,957Net Assets 2010: $1,352,3412010Assets 2011: $7,505,681Liabilities 2011: $6,194,414Net Assets 2011: $1,311,2672011Assets 2012: $7,505,681Liabilities 2012: $6,194,414Net Assets 2012: $1,311,2672012Assets 2013: $6,923,183Liabilities 2013: $5,670,899Net Assets 2013: $1,252,2842013Assets 2014: $6,743,787Liabilities 2014: $5,544,186Net Assets 2014: $1,199,6012014Assets 2015: $6,875,315Liabilities 2015: $5,680,512Net Assets 2015: $1,194,8022015Assets 2017: $6,927,919Liabilities 2017: $5,770,785Net Assets 2017: $1,157,1342017Assets 2018: $7,112,025Liabilities 2018: $5,948,051Net Assets 2018: $1,163,9742018Assets 2019: $7,118,238Liabilities 2019: $5,946,709Net Assets 2019: $1,171,5292019Assets 2020: $7,303,018Liabilities 2020: $6,151,839Net Assets 2020: $1,151,1792020Assets 2021: $7,207,959Liabilities 2021: $6,065,499Net Assets 2021: $1,142,4602021Assets 2022: $6,847,602Liabilities 2022: $5,762,872Net Assets 2022: $1,084,7302022Assets 2023: $6,024,756Liabilities 2023: $4,987,422Net Assets 2023: $1,037,3342023Assets 2024: $4,851,881Liabilities 2024: $3,983,291Net Assets 2024: $868,5902024

Highlighted filing

2024

Assets$4,851,881
Liabilities$3,983,291
Net Assets$868,590
Open 2024 Filing

Operations Trend

Revenue Growth51st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2010: $303,923Expenses 2010: $393,069Net Income 2010: -$89,1462010Revenue 2011: $294,268Expenses 2011: $323,359Net Income 2011: -$29,0912011Revenue 2012: $294,268Expenses 2012: $323,359Net Income 2012: -$29,0912012Revenue 2013: $247,269Expenses 2013: $270,606Net Income 2013: -$23,3372013Revenue 2014: $241,501Expenses 2014: $294,189Net Income 2014: -$52,6882014Revenue 2015: $225,718Expenses 2015: $230,517Net Income 2015: -$4,7992015Revenue 2017: $218,421Expenses 2017: $236,320Net Income 2017: -$17,8992017Revenue 2018: $245,613Expenses 2018: $238,773Net Income 2018: $6,8402018Revenue 2019: $256,229Expenses 2019: $248,673Net Income 2019: $7,5562019Revenue 2020: $219,027Expenses 2020: $0Net Income 2020: $219,0272020Revenue 2021: $226,466Expenses 2021: $235,185Net Income 2021: -$8,7192021Revenue 2022: $177,652Expenses 2022: $235,383Net Income 2022: -$57,7312022Revenue 2023: $237,315Expenses 2023: $284,711Net Income 2023: -$47,3962023Revenue 2024: $231,128Expenses 2024: $399,872Net Income 2024: -$168,7442024

Highlighted filing

2024

Revenue$231,128
Expenses$399,872
Net Income-$168,744
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,851,881
Liabilities
$3,983,291
Net assets
$868,590
Revenue
$231,128
Expenses
$399,872
Net income
-$168,744
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.85$3.98$0.87$0.23$0.40$0.17
2023Detailed filing. Detailed filing data is available for this year.$6.02$4.99$1.04$0.24$0.28$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.85$5.76$1.08$0.18$0.24$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.21$6.07$1.14$0.23$0.24$0.01
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.30$6.15$1.15$0.22$0.00$0.22
2019Summary only. Only limited summary data is available for this year.$7.12$5.95$1.17$0.26$0.25$0.01
2018Summary only. Only limited summary data is available for this year.$7.11$5.95$1.16$0.25$0.24$0.01
2017Summary only. Only limited summary data is available for this year.$6.93$5.77$1.16$0.22$0.24$0.02
2015Summary only. Only limited summary data is available for this year.$6.88$5.68$1.19$0.23$0.23$0.00
2014Summary only. Only limited summary data is available for this year.$6.74$5.54$1.20$0.24$0.29$0.05
2013Summary only. Only limited summary data is available for this year.$6.92$5.67$1.25$0.25$0.27$0.02
2012Summary only. Only limited summary data is available for this year.$7.51$6.19$1.31$0.29$0.32$0.03
2011Summary only. Only limited summary data is available for this year.$7.51$6.19$1.31$0.29$0.32$0.03
2010Summary only. Only limited summary data is available for this year.$7.72$6.37$1.35$0.30$0.39$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 11, 2025
Return Version
2024v5.0
Gross Receipts
$231,128
Mission and Program Overview

Mission

Cabot Boston Credit Union is a not-for-profit small financial institution serving employees of Cabor Corporation and their families. CBCU was chartered in 1941 as a state-chartered credit union and is federally insured by NCUA and MSIC to provide low-cost products and services to its members.

Cabot Boston Credit Union is a credit union for US based employees of Cabot Corporation providing savings and loan products to members and their families for prudent and productive purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$3,440,623$2,644,644▼ $795,979
Investments Program Related$2,479,334$2,129,196▼ $350,138
Rtn Earn Endowment Incm Other Fnds$1,037,334$868,590▼ $168,744
Cash and Non-Interest-Bearing Accounts$38,222$18,133▼ $20,089
Land, Buildings, and Equipment, Net$370$2,971▲ $2,601
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Receivable From Disqualified Prsn-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$6,024,756$4,851,881▼ $1,172,875
Other Assets Total$66,207$56,937▼ $9,270
Liabilities
Other Liabilities$4,881,088$3,914,928▼ $966,160
Accounts Payable and Accrued Expenses$106,334$68,363▼ $37,971
Total Liabilities$4,987,422$3,983,291▼ $1,004,131
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,037,334$868,590▼ $168,744
Total Liabilities and Net Assets / Fund Balance$6,024,756$4,851,881▼ $1,172,875
Compensation and Service Providers
Top Officer Pay18th percentile

Board Members and Trustees

NameTitle
Philip H DoironChairman of the Board
Jesson ChristosthommeVice Chair - Clerk
Elizabeth A BergDirector
Gina c LiportoDirector
Karen M BishopDirector
Marybeth NolanAssistant Manager
Marta A Carney-SmithManager - CEO
Viktoriya Shteyn-BohlTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$153,270
Investment Income
$75,635
Other Revenue
$2,223
Change in Net Assets
$-168,744
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$218,867
Other Expenses$172,422
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$179,481--$179,481
Other Employee Benefits$39,386--$39,386
Information Technology$29,257--$29,257
Office Expenses$11,146--$11,146
Benefits to Members$8,583--$8,583
All Other Expenses$7,230--$7,230
Insurance$5,942--$5,942
Fees for Services Accounting$4,573--$4,573
Other Expenses$2,284--$2,284
Depreciation Depletion$1,721--$1,721
Advertising$395--$395
Travel$-535--$-535
Total Functional Expenses$399,872$0$0$399,872
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Part VI, Line 11B

“Monthly Board of Directors Meeting prior to filing”

Part VI, Line 15A

“Industry Salary Survey”

Part VI, Line 15B

“Other Key Employee: Industry Salary Survey Officers: No Officers are compensated”

Part VI, Line 19

“Posted in Office or upon request”

Part VI, Line 6

“Employees of Cabot Corporation US and immediate family members are eligible to join Cabot Boston Credit Union.”

Part VI, Line 7A

“Board of Directors are elected at an Annual Meeting of the members.”

Part VI, Line 7B

“All ByLaw changes must be approved by the membership”

Filing and Contact Details

Filer

Filer Name
Cabot Boston Credit Union
EIN
04-6053292
Phone
6173426154
Address
2 SEAPORT LN STE 1400, BOSTON, MA 02210-2019

Signing Officer

Name
Marta A Carney-Smith
Title
Manager - CEO
Phone
6173426154
Signed
2025-03-11

Organization Details

Formed
1941
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
0
Employees
0
Raw XML Appendix348 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Marta A Carney-Smith
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/Desc0Interest on Loans to Members
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0153270
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0153270
IRS990/ProgSrvcAccomActy2Grp/Desc0Educational, Promotional & Loan Servicing Expense
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt03502
IRS990/ProgSrvcAccomActy3Grp/Desc0Member Online services including Core Processing
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt029043
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt03871
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt075333
IRS990/PYOtherExpensesAmt061830
IRS990/PYOtherRevenueAmt03822
IRS990/PYProgramServiceRevenueAmt0158160
IRS990/PYRevenuesLessExpensesAmt0-47396
IRS990/PYSalariesCompEmpBnftPaidAmt0219010
IRS990/PYTotalExpensesAmt0284711
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0237315
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-168744
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01037334
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0868590
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Monthly Board of Directors Meeting prior to filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Industry Salary Survey
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Other Key Employee: Industry Salary Survey Officers: No Officers are compensated
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Posted in Office or upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Employees of Cabot Corporation US and immediate family members are eligible to join Cabot Boston Credit Union.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Board of Directors are elected at an Annual Meeting of the members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6All ByLaw changes must be approved by the membership
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part VI, Line 7b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt06024756
IRS990/TotalAssetsEOYAmt04851881
IRS990/TotalAssetsGrp/BOYAmt06024756
IRS990/TotalAssetsGrp/EOYAmt04851881
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0399872
IRS990/TotalFunctionalExpensesGrp/TotalAmt0399872
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04987422
IRS990/TotalLiabilitiesEOYAmt03983291
IRS990/TotalLiabilitiesGrp/BOYAmt04987422
IRS990/TotalLiabilitiesGrp/EOYAmt03983291
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01037334
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0868590
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt041128
IRS990/TotalProgramServiceRevenueAmt0153270
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0231128
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0231128
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06024756
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04851881
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt0-535
IRS990/TravelGrp/TotalAmt0-535
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0Two Seaport Lane Suite 1400
IRS990/USAddress/CityNm0Boston
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd0022102019
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0https://www.cbcu.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Marta A Carney-Smith
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Manager - CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06173426154
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CABOT BOSTON CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0CABO
ReturnHeader/Filer/EIN0046053292
ReturnHeader/Filer/PhoneNum06173426154
ReturnHeader/Filer/USAddress/AddressLine1Txt02 SEAPORT LN STE 1400
ReturnHeader/Filer/USAddress/CityNm0BOSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd0022102019
ReturnHeader/ReturnTs02025-03-11T18:21:32Z
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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