Liabilities / Assets
62nd percentile
Higher debt load relative to assets than 62% of similar nonprofits.
EIN 06-0452410 • 501(c)6 • Middletown, CT
Profile
To unite in a common organization of persons and entities doing business in middlesex county and other organizations dedicated to community improvement and to improve business conditions and community development.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
62nd percentile
Higher debt load relative to assets than 62% of similar nonprofits.
Liabilities / Revenue
65th percentile
Higher debt load relative to revenue than 65% of similar nonprofits.
Net Margin
77th percentile
Higher net margin than 77% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 13.3% of source-year revenue.
Asset Growth
81st percentile
Faster asset growth than 81% of similar nonprofits.
Revenue Growth
79th percentile
Faster revenue growth than 79% of similar nonprofits.
Assets
Up$2,137,445
Up $345,492 (+19%) from 2024
Liabilities
Up$494,640
Up $72,884 (+17%) from 2024
Net Assets
Up$1,642,805
Up $272,608 (+20%) from 2024
Revenue
Up$1,760,920
Up $293,420 (+20%) from 2024
Expenses
Up$1,488,312
Up $102,727 (+7.4%) from 2024
Net Income
Up$272,608
Up $190,693 (+233%) from 2024
Most recent year
2025 • Form 990Detailed filing. Detailed filing data is available for this year.
To unite in a common organization of persons and entities doing business in middlesex county and other organizations dedicated to community improvement and to improve business conditions and community development.
To provide opportunities for the enhancement of business relationships in middlesex county.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $572,436 | $892,179 | ▲ $319,743 |
| Cash and Non-Interest-Bearing Accounts | $628,669 | $480,246 | ▼ $148,423 |
| Land, Buildings, and Equipment, Net | $280,277 | $361,945 | ▲ $81,668 |
| Accounts Receivable | $133,872 | $218,610 | ▲ $84,738 |
| Prepaid Expenses and Deferred Charges | $4,150 | $2,740 | ▼ $1,410 |
| Total Assets | $1,791,953 | $2,137,445 | ▲ $345,492 |
| Other Assets Total | $172,549 | $181,725 | ▲ $9,176 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $184,697 | $260,455 | ▲ $75,758 |
| Other Liabilities | $172,549 | $181,725 | ▲ $9,176 |
| Deferred Revenue | $64,510 | $52,460 | ▼ $12,050 |
| Total Liabilities | $421,756 | $494,640 | ▲ $72,884 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $1,229,777 | $1,486,675 | ▲ $256,898 |
| Net Assets With Donor Restrictions | $140,420 | $156,130 | ▲ $15,710 |
| Total Net Assets Fund Balance | $1,370,197 | $1,642,805 | ▲ $272,608 |
| Total Liabilities and Net Assets / Fund Balance | $1,791,953 | $2,137,445 | ▲ $345,492 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $159,563 | $611,444 | $771,007 |
| Other Land Buildings | $108,830 | - | $108,830 |
| Equipment | $30,272 | $61,953 | $92,225 |
| Land | $63,280 | - | $63,280 |
| Other Assets Org | $181,725 | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Johanna Bond | President | FT | $164,201 | $70,195 | $234,396 |
| Steve Ciskowski | Controller | FT | $79,010 | $3,367 | $82,377 |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $1,030,335 |
| Other Expenses | $457,977 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | - | - | - | $594,714 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $316,774 |
| Office Expenses | - | - | - | $164,409 |
| Other Expenses | - | - | - | $137,532 |
| Payroll Taxes | - | - | - | $68,014 |
| Occupancy | - | - | - | $54,527 |
| Other Employee Benefits | - | - | - | $38,269 |
| Depreciation Depletion | - | - | - | $37,846 |
| Fees for Services Other | - | - | - | $33,404 |
| Information Technology | - | - | - | $19,120 |
| Pension Plan Contributions | - | - | - | $12,564 |
| Insurance | - | - | - | $10,590 |
| Advertising | - | - | - | $549 |
| Total Functional Expenses | $0 | $0 | $0 | $1,488,312 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Scholarship Fund Payable | $181,725 |
“All members have the ability to participate in the organization's governance.”
“Board members are nominated by a committee of past chairmen. This is communicated to the membership through a monthly newsletter/mailer. Nominations may also be made from the floor at the annual meeting. Board members are voted on at the annual meeting either in person or via proxy.”
“The 990 is distributed to the board of directors, along with being reviewed by the audit committee and the treasurer, acting on behalf of the board of directors.”
“All board members and key employees disclose their conflict of interest annually.”
“The president's performance and compensation is evaluated by the executive compensation committee through gathering and analyzing comparative data. Recommendations are then made to the executive committee who makes the final determination. All employees are reviewed on an annual basis by the president. Their salary determination is based upon the budget which is based on comparative data that is reviewed and analyzed.”
“All governing documents are available upon request within a reasonable amount of time.”
“The organization has not changed its process from the prior year.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 260455 |
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| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 218610 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO PROVIDE OPPORTUNITIES FOR THE ENHANCEMENT OF BUSINESS RELATIONSHIPS IN MIDDLESEX COUNTY. |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 549 |
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| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 37846 |
| IRS990/Desc | 0 | BREAKFASTS - SPONSORED SIX BREAKFAST FUNCTIONS WITH LOCAL AND NATIONAL SPEAKERS FOR MEMBERS AND NONMEMBERS OF MIDDLESEX COUNTY, TO PROVIDE A NETWORKING ENVIRONMENT FOR BUSINESSES WITHIN MIDDLESEX COUNTY TO PROMOTE AND IMPROVE BUSINESS CONDITIONS AND COMMUNITY DEVELOPMENT. |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 44 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 45 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 46 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 47 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 48 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 49 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 50 | 1.00 |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 108 | 37.50 |
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