Civic Intelligence

Killingly Business Association Inc

990EZ • Fiscal year 2022 • EIN 06-1303304

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 06, 2023

Organization ProfileKILLINGLYBA.ORG
172 Main StreetKillingly, CT 06239

(860) 753-4502

Siviq Scores

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

Liabilities / Assets

45th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

45th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Net Margin

87th percentile

30%

Higher net margin than 87% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Asset Growth

91st percentile

51%

Faster asset growth than 91% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

57th percentile

17%

Faster revenue growth than 57% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets45th percentile

Assets

Up

$25,316

Up $15,023 (+146%) from 2021

Net Assets

Up

$25,316

Up $15,023 (+146%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin87th percentile

Revenue

Up

$28,618

Up $14,008 (+96%) from 2021

Expenses

Up

$20,100

Up $1,396 (+7.5%) from 2021

Net Income

Up

$8,518

Up $12,612 (+308%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

$30K$20K$10K$0Assets 2012: $260Liabilities 2012: $02012Assets 2013: $3,074Liabilities 2013: $02013Assets 2014: $1,551Liabilities 2014: $02014Assets 2015: $2,048Liabilities 2015: $1,8002015Assets 2016: $9,030Liabilities 2016: $1,0002016Assets 2017: $14,787Liabilities 2017: $1,0002017Assets 2018: $17,889Liabilities 2018: $02018Assets 2019: $21,521Liabilities 2019: $602019Assets 2020: $14,387Liabilities 2020: $02020Assets 2021: $10,293Liabilities 2021: $0Net Assets 2021: $10,2932021Assets 2022: $25,316Liabilities 2022: $0Net Assets 2022: $25,3162022

Highlighted filing

2022

Assets$25,316
Liabilities$0
Net Assets$25,316
Open 2022 Filing

Operations Trend

Revenue Growth57th percentile

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

$40K$30K$20K$10K$0-$10KRevenue 2012: $23,474Expenses 2012: $24,942Net Income 2012: -$1,4682012Revenue 2013: $32,032Expenses 2013: $29,218Net Income 2013: $2,8142013Revenue 2014: $25,082Expenses 2014: $26,605Net Income 2014: -$1,5232014Revenue 2015: $25,021Expenses 2015: $26,324Net Income 2015: -$1,3032015Revenue 2016: $25,875Expenses 2016: $18,093Net Income 2016: $7,7822016Revenue 2017: $17,808Expenses 2017: $12,051Net Income 2017: $5,7572017Revenue 2018: $18,124Expenses 2018: $14,022Net Income 2018: $4,1022018Revenue 2019: $17,641Expenses 2019: $14,069Net Income 2019: $3,5722019Revenue 2020: $18,932Expenses 2020: $26,006Net Income 2020: -$7,0742020Revenue 2021: $14,610Expenses 2021: $18,704Net Income 2021: -$4,0942021Revenue 2022: $28,618Expenses 2022: $20,100Net Income 2022: $8,5182022

Highlighted filing

2022

Revenue$28,618
Expenses$20,100
Net Income$8,518
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 6, 2023
Return Version
2022v5.0
Gross Receipts
$41,763
Mission and Program Overview

Mission

Killingly business association, inc. Is organized to promote development of the killingly, ct main street area and vicinity through advertising, activities and events.

Program Services

DescriptionGrantsExpenses
VARIOUS EVENTS SITUATED ALONG MAIN STREET AND VICINITY TO PROMOTE DOWNTOWN AND SURROUNDING TOWN.$0$14,760
RETAIL ADVERTISING TO SUPPORT AREA MERCHANTS.$0$6,360
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JASON VERRANEAULTPresident-$0--
AMY BRUNETVice President-$0--
JENNIFER WEAVERTreasurer-$0--
TERRI STEELESecretary-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Tips for Tools$15,705$15,705$5,355$10,350
2nd Saturday$8,303$8,103$3,741$4,362
Total Events$25,198$24,998$13,145$11,853
Filing and Contact Details

Filer

Filer Name
Killingly Business Association Inc
EIN
06-1303304
Phone
8607534502
Address
172 MAIN STREET, KILLINGLY, CT 06239

Signing Officer

Name
Jason Verraneault
Title
President
Phone
8607534502
Signed
2023-10-06
Discuss with paid preparer
Yes

Preparer

Firm
Peloquin and Company LLC
Address
PO BOX 296, DANIELSON, CT 06239-0296
Preparer
Jeffrey G Peloquin
Phone
8607744009
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

“Description: interest income. Amount: 4.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: website. Amount: 3,077. Description: advertising & promotion. Amount: 7,102. Description: main street events. Amount: 2,464. Description: insurance. Amount: 1,977. Description: software. Amount: 921. Description: annual report. Amount: 50. Description: memberships. Amount: 200. Description: meetings. Amount: 366. Total to form 990-ez, line 16: 16,157.”

Raw XML Appendix148 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0PELOQUIN & COMPANY LLC
IRS990EZ/BooksInCareOfDetail/PhoneNum08607744009
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt090 WESTCOTT ROAD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0DANIELSON
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CT
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd0062390296
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt016798
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt025316
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt06200
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/ExcessOrDeficitForYearAmt08518
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0897
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt016798
IRS990EZ/Form990TotalAssetsGrp/EOYAmt025316
IRS990EZ/FundraisingGrossIncomeAmt024998
IRS990EZ/GrossReceiptsAmt041763
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/InvestmentIncomeAmt04
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MembershipDuesAmt010561
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt016798
IRS990EZ/NetAssetsOrFundBalancesEOYAmt025316
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt016798
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt025316
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JASON VERRANEAULT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1AMY BRUNET
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JENNIFER WEAVER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3TERRI STEELE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt016157
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0KILLINGLY BUSINESS ASSOCIATION, INC. IS ORGANIZED TO PROMOTE DEVELOPMENT OF THE KILLINGLY, CT MAIN STREET AREA AND VICINITY THROUGH ADVERTISING, ACTIVITIES AND EVENTS.
IRS990EZ/PrintingPublicationsPostageAmt03046
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0RETAIL ADVERTISING TO SUPPORT AREA MERCHANTS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1VARIOUS EVENTS SITUATED ALONG MAIN STREET AND VICINITY TO PROMOTE DOWNTOWN AND SURROUNDING TOWN.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt06360
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt114760
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt013145
IRS990EZ/SpecialEventsNetIncomeLossAmt011853
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt020100
IRS990EZ/TotalProgramServiceExpensesAmt021120
IRS990EZ/TotalRevenueAmt028618
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0KILLINGLYBA.ORG
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0200
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt0200
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt013145
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt03166
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt03166
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0TIPS FOR TOOLS
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm02ND SATURDAY
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt0178
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt0178
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt015705
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt08303
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt01190
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt025198
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt015705
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt08103
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt01190
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt024998
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt011853
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt09096
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt05355
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt03741
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt0705
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt0705
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 4.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: WEBSITE. AMOUNT: 3,077. DESCRIPTION: ADVERTISING & PROMOTION. AMOUNT: 7,102. DESCRIPTION: MAIN STREET EVENTS. AMOUNT: 2,464. DESCRIPTION: INSURANCE. AMOUNT: 1,977. DESCRIPTION: SOFTWARE. AMOUNT: 921. DESCRIPTION: ANNUAL REPORT. AMOUNT: 50. DESCRIPTION: MEMBERSHIPS. AMOUNT: 200. DESCRIPTION: MEETINGS. AMOUNT: 366. TOTAL TO FORM 990-EZ, LINE 16: 16,157.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JASON VERRANEAULT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08607534502
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KILLINGLY BUSINESS ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0KILL
ReturnHeader/Filer/EIN0061303304
ReturnHeader/Filer/PhoneNum08607534502
ReturnHeader/Filer/USAddress/AddressLine1Txt0172 MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0KILLINGLY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006239
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0205102955
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PELOQUIN AND COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 296
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DANIELSON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0062390296
ReturnHeader/PreparerPersonGrp/PhoneNum08607744009
ReturnHeader/PreparerPersonGrp/PreparationDt02023-09-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY G PELOQUIN
ReturnHeader/ReturnTs02023-10-06T07:23:02-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JASON
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0VERRANEAULT
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,316
Liabilities
$0
Net assets
$25,316
Revenue
$28,618
Expenses
$20,100
Net income
$8,518
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$25.3$0.00$25.3$28.6$20.1$8.52
2021Detailed filing. Detailed filing data is available for this year.$10.3$0.00$10.3$14.6$18.7$4.09
2020Summary only. Only limited summary data is available for this year.$14.4$0.00$18.9$26.0$7.07
2019Summary only. Only limited summary data is available for this year.$21.5$0.06$17.6$14.1$3.57
2018Summary only. Only limited summary data is available for this year.$17.9$0.00$18.1$14.0$4.10
2017Summary only. Only limited summary data is available for this year.$14.8$1.00$17.8$12.1$5.76
2016Summary only. Only limited summary data is available for this year.$9.03$1.00$25.9$18.1$7.78
2015Summary only. Only limited summary data is available for this year.$2.05$1.80$25.0$26.3$1.30
2014Summary only. Only limited summary data is available for this year.$1.55$0.00$25.1$26.6$1.52
2013Summary only. Only limited summary data is available for this year.$3.07$0.00$32.0$29.2$2.81
2012Summary only. Only limited summary data is available for this year.$0.26$0.00$23.5$24.9$1.47