Civic Intelligence

North Central Massachusetts Chamber of Commerce Inc

990 • Fiscal year 2017 • EIN 22-2505324

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 18, 2017

Organization ProfileWWW.NORTHCENTRALMASS.COM

View Organization Page

860 South StreetFitchburg, MA 01420

(978) 353-7600

Siviq Scores

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

Liabilities / Assets

91st percentile

0.69x

Higher debt load relative to assets than 91% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

93rd percentile

0.89x

Higher debt load relative to revenue than 93% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

53rd percentile

4.6%

Higher net margin than 53% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

50th percentile

$139,125

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 13.5% of source-year revenue.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

28th percentile

-0.9%

Faster asset growth than 28% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

71st percentile

11%

Faster revenue growth than 71% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets91st percentile

Assets

Flat

$1,328,046

Flat from 2017

Net Assets

Flat

$411,441

Flat from 2017

Liabilities

Flat

$916,605

Flat from 2017

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin53rd percentile

Revenue

Flat

$1,032,234

Flat from 2017

Expenses

Flat

$985,002

Flat from 2017

Net Income

Flat

$47,232

Flat from 2017

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,742,692Liabilities 2011: $1,190,335Net Assets 2011: $552,3572011Assets 2012: $1,788,045Liabilities 2012: $1,259,291Net Assets 2012: $528,7542012Assets 2013: $1,799,674Liabilities 2013: $1,275,061Net Assets 2013: $524,6132013Assets 2014: $1,580,391Liabilities 2014: $1,086,587Net Assets 2014: $493,8042014Assets 2015: $1,398,871Liabilities 2015: $976,913Net Assets 2015: $421,9582015Assets 2016: $1,339,778Liabilities 2016: $908,598Net Assets 2016: $431,1802016Assets 2017: $1,328,046Liabilities 2017: $916,605Net Assets 2017: $411,4412017Assets 2017: $1,328,046Liabilities 2017: $916,605Net Assets 2017: $411,4412017Assets 2018: $1,366,045Liabilities 2018: $959,219Net Assets 2018: $406,8262018Assets 2019: $1,303,018Liabilities 2019: $882,449Net Assets 2019: $420,5692019Assets 2020: $1,265,180Liabilities 2020: $846,840Net Assets 2020: $418,3402020Assets 2021: $1,371,063Liabilities 2021: $858,072Net Assets 2021: $512,9912021Assets 2022: $1,281,912Liabilities 2022: $761,506Net Assets 2022: $520,4062022Assets 2023: $1,302,028Liabilities 2023: $651,996Net Assets 2023: $650,0322023Assets 2024: $1,354,170Liabilities 2024: $654,220Net Assets 2024: $699,9502024Assets 2025: $1,395,807Liabilities 2025: $627,227Net Assets 2025: $768,5802025

Highlighted filing

2017

Assets$1,328,046
Liabilities$916,605
Net Assets$411,441
Open 2017 Filing

Operations Trend

Revenue Growth71st percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $903,6462011Revenue 2012: $782,304Expenses 2012: $805,907Net Income 2012: -$23,6032012Expenses 2013: $896,2262013Revenue 2014: $898,309Expenses 2014: $929,118Net Income 2014: -$30,8092014Revenue 2015: $898,225Expenses 2015: $970,073Net Income 2015: -$71,8482015Revenue 2016: $933,644Expenses 2016: $924,422Net Income 2016: $9,2222016Revenue 2017: $1,032,234Expenses 2017: $985,002Net Income 2017: $47,2322017Revenue 2017: $1,032,234Expenses 2017: $985,002Net Income 2017: $47,2322017Revenue 2018: $990,174Expenses 2018: $969,789Net Income 2018: $20,3852018Revenue 2019: $1,031,019Expenses 2019: $1,017,276Net Income 2019: $13,7432019Revenue 2020: $1,140,264Expenses 2020: $1,142,493Net Income 2020: -$2,2292020Revenue 2021: $1,244,623Expenses 2021: $1,149,972Net Income 2021: $94,6512021Revenue 2022: $1,546,464Expenses 2022: $1,521,965Net Income 2022: $24,4992022Revenue 2023: $1,736,457Expenses 2023: $1,610,763Net Income 2023: $125,6942023Revenue 2024: $1,698,075Expenses 2024: $1,668,140Net Income 2024: $29,9352024Revenue 2025: $1,651,459Expenses 2025: $1,590,558Net Income 2025: $60,9012025

Highlighted filing

2017

Revenue$1,032,234
Expenses$985,002
Net Income$47,232
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 18, 2017
Return Version
2016v3.0
Gross Receipts
$1,064,519
Mission and Program Overview

Mission

To foster and improve the general economic conditions of the north central massacusetts area through promotional and educational efforts.

To advance economic, civic & cultural conditions of north central massachusetts

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$600,339$573,704▼ $26,635
Savings and Temporary Cash Investments$602,385$453,268▼ $149,117
Cash and Non-Interest-Bearing Accounts$51,076$205,987▲ $154,911
Accounts Receivable$68,862$77,293▲ $8,431
Prepaid Expenses and Deferred Charges$17,116$17,794▲ $678
Total Assets$1,339,778$1,328,046▼ $11,732
Liabilities
Mortgage Notes Payable Secured by Investment Property$552,893$531,639▼ $21,254
Accounts Payable and Accrued Expenses$296,408$189,290▼ $107,118
Deferred Revenue$59,297$186,295▲ $126,998
Other Liabilities$0$9,381▲ $9,381
Total Liabilities$908,598$916,605▲ $8,007
Net Assets / Fund Balance
Unrestricted Net Assets$390,910$375,439▼ $15,471
Temporarily Rstr Net Assets$40,270$36,002▼ $4,268
Total Net Assets Fund Balance$431,180$411,441▼ $19,739
Total Liabilities and Net Assets / Fund Balance$1,339,778$1,328,046▼ $11,732

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$513,007$202,031$715,038
Equipment$24,027$116,133$140,160
Other Land Buildings$47$42,736$42,783
Land$36,623-$36,623
Compensation and Service Providers
Top Officer Pay50th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Roy NascimentoPresident, Treasurer, ClerFT$139,125$139,125

Board Members and Trustees

NameTitle
Anne LeaderDirector
Anthony MercadanteDirector
Christopher MccarthyDirector
David DuvalDirector
Deborah WeymouthDirector
Douglas PetersonDirector
Henry TessmanDirector
Kenneth GurgeDirector
Mark FreemandIRECTOR
Mattew FournierDirector
Neil AbramsonDirector
Richard LapidusDirector
Stephen MullaneyDirector
Steven DuvarneyDirector
Steven RocheleauDirector
Vander HoovenDirector
Wayne CantryDirector
Will AubuchonDiRECTOR
Revenue and Support

Revenue Composition

Contributions and Grants
$371,582
Program Service Revenue
$653,756
Investment Income
$3,856
Other Revenue
$3,040
Change in Net Assets
$47,232

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,032,234
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$128,488
Total Revenue per Audited Statements
$1,160,722
Total Revenue per Form 990
$1,032,234
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$729,491
Other Expenses$255,511
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$621,896
Payroll Taxes---$61,893
Conferences and Meetings---$59,515
Other Employee Benefits---$45,702
Occupancy---$35,229
Depreciation Depletion---$26,634
Interest---$23,410
Office Expenses---$20,506
All Other Expenses---$20,334
Other Expenses---$13,245
Insurance---$7,344
Fees for Services Accounting---$4,600
Fees for Service Investment Mgmnt Fees---$1,688
Total Functional Expenses$0$0$0$985,002

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,049,348
Expenses per Audited Statements$985,002
Total Expenses per Form 990$985,002
Expenses Not Reported on Form 990$64,346
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$32,285
Fundraising Gross Income$29,925
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
golf tournament$29,925$29,925$32,285$-2,360
Total Events$29,925$29,925$32,285$-2,360
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Gift local holding$9,381
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

“Members enroll in the chamber of commerce and pay dues for the networking services provided. Dues are based on the size of the organization.”

Form 990, Part VI, Section A, line 7A

“The Organizaiton has members who vote at the annual meeting to elect the board members of the Organization on an annual basis.”

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

“The 990 is completed by the cpa firm in conjunction with the executive director and director of finance who review the completed 990 prior to filing. The board is notified the 990 is complete and may obtain a copy upon request.”

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

“The conflict of interest policy was adopted in june 2009. A conflict of interest disclosure statement will be distributed to each director, officer and senior staff member prior to the september bod meeting each year. Completed forms are to be reviewed annually by the executive committee and appropriate action taken.”

Form 990, Part VI, Section B, line 15

“Annually, within 60 days of the end of the fiscal year end, the executive committee will review key employee compensation, and approve, using data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated chambers. Upon completion of the review the committee will report their determinations to the board of directors.”

Form 990, Part VI, Section C, line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
North Central Massachusetts Chamber
EIN
22-2505324
Phone
9783537600
Address
860 SOUTH STREET, FITCHBURG, MA 01420

Signing Officer

Name
Roy Nascimento
Title
President
Phone
9783537600
Signed
2017-12-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roy Nascimento
Formed
1984
Legal Domicile
Ma
Voting Board Members
19
Independent Board Members
18
Employees
19
Volunteers
0

Preparer

Firm
Robert C Alario CPA Pc
Address
75 NORTH MAIN STREET, LEOMINSTER, MA 01453
Preparer
Robert C Alario
Phone
9785341999
Supplemental Narrative

Financial Statement Notes

Part XI, Line 2D - Other Adjustments:

“fundraising expenses 32,285. consolidated chamber foundation income 96,203.”

Part XII, Line 2D - Other Adjustments:

“fundraising expenses 32,285. Consolidated Chamber Foundation expenses 32,061.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17PRESIDENT, TREASURER, CLER
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01984
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt032285
IRS990/FundraisingGrossIncomeAmt029925
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt019
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01064519
IRS990/GrossRentsGrp/RealAmt05400
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt018
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt07344
IRS990/InterestGrp/TotalAmt023410
IRS990/InvestmentIncomeGrp/ExclusionAmt03856
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03856
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0360900
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0600339
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0573704
IRS990/LandBldgEquipCostOrOtherBssAmt0934604
IRS990/LegalDomicileStateCd0MA
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt0371582
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO FOSTER AND IMPROVE THE GENERAL ECONOMIC CONDITIONS OF THE NORTH CENTRAL MASSACUSETTS AREA THROUGH PROMOTIONAL AND EDUCATIONAL EFFORTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0552893
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0531639
IRS990/NetAssetsOrFundBalancesBOYAmt0431180
IRS990/NetAssetsOrFundBalancesEOYAmt0411441
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-2360
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-2360
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt05400
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt05400
IRS990/NetUnrelatedBusTxblIncmAmt0-2063
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt035229
IRS990/OfficeExpensesGrp/TotalAmt020506
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt045702
IRS990/OtherExpensesGrp/Desc0BUSINESS DIRECTORY AND
IRS990/OtherExpensesGrp/Desc1PRINTING & POSTAGE
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3MEMBER RECRUITING COSTS
IRS990/OtherExpensesGrp/TotalAmt06630
IRS990/OtherExpensesGrp/TotalAmt122398
IRS990/OtherExpensesGrp/TotalAmt213978
IRS990/OtherExpensesGrp/TotalAmt313245
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt09381
IRS990/OtherSalariesAndWagesGrp/TotalAmt0621896
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt061893
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt017116
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017794
IRS990/PrincipalOfficerNm0ROY NASCIMENTO
IRS990/PriorPeriodAdjustmentsAmt0-66971
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561000
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2541800
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0MGMT AND TOURISM FEES
IRS990/ProgramServiceRevenueGrp/Desc1MEETINGS & FORUMS
IRS990/ProgramServiceRevenueGrp/Desc2DIRECTORY AND NEWSLETT
IRS990/ProgramServiceRevenueGrp/Desc3OTHER REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0550323
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt198670
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2813
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0550323
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt198670
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23950
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3813
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt03950
IRS990/ProgSrvcAccomActy2Grp/Desc0BUSINESS DIRECTORY AND PUBLICATIONSBOTH ONLINE AND PRINT EFFORTS INFORM MEMBERS AND THE PUBLIC OF ORGANIZATIONAL, REGULATORY, AND LOCAL BUSINESS DEVELOPMENTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt06630
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt03950
IRS990/ProgSrvcAccomActy3Grp/Desc0INSURANCE SERVICESEFFORT TO PROVIDE SMALL BUSINESSES WITH ACCESS TO AFFORDABLE AND COMPREHENSIVE HEALTH INSURANCE PROGRAMS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt035269
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt065875
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0349350
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03038
IRS990/PYOtherExpensesAmt0269286
IRS990/PYOtherRevenueAmt05494
IRS990/PYProgramServiceRevenueAmt0575762
IRS990/PYRevenuesLessExpensesAmt09222
IRS990/PYSalariesCompEmpBnftPaidAmt0655136
IRS990/PYTotalExpensesAmt0924422
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0933644
IRS990/ReconcilationRevenueExpnssAmt047232
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt05400
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt098670
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0602385
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0453268
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0513007
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0202031
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0715038
IRS990ScheduleD/EquipmentGrp/BookValueAmt024027
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0116133
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0140160
IRS990ScheduleD/ExpensesNotReportedAmt064346
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0985002
IRS990ScheduleD/LandGrp/BookValueAmt036623
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt036623
IRS990ScheduleD/OtherExpensesIncludedAmt064346
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt047
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt042736
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt042783
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09381
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Gift local holding
IRS990ScheduleD/OtherRevenueAmt0128488
IRS990ScheduleD/RevenueNotReportedAmt0128488
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01032234
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0fundraising expenses 32,285. consolidated chamber foundation income 96,203.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1fundraising expenses 32,285. Consolidated Chamber Foundation expenses 32,061.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0573704
IRS990ScheduleD/TotalExpensesPerForm990Amt0985002
IRS990ScheduleD/TotalLiabilityAmt09381
IRS990ScheduleD/TotalRevenuePerForm990Amt01032234
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01160722
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01049348
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt032285
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0golf tournament
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt029925
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt029925
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt029925
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt029925
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-2360
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt032285
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt032285
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS ENROLL IN THE CHAMBER OF COMMERCE AND PAY DUES FOR THE NETWORKING SERVICES PROVIDED. DUES ARE BASED ON THE SIZE OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organizaiton has members who vote at the annual meeting to elect the board members of the Organization on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS COMPLETED BY THE CPA FIRM IN CONJUNCTION WITH THE EXECUTIVE DIRECTOR AND DIRECTOR OF FINANCE WHO REVIEW THE COMPLETED 990 PRIOR TO FILING. THE BOARD IS NOTIFIED THE 990 IS COMPLETE AND MAY OBTAIN A COPY UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY WAS ADOPTED IN JUNE 2009. A CONFLICT OF INTEREST DISCLOSURE STATEMENT WILL BE DISTRIBUTED TO EACH DIRECTOR, OFFICER AND SENIOR STAFF MEMBER PRIOR TO THE SEPTEMBER BOD MEETING EACH YEAR. COMPLETED FORMS ARE TO BE REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE AND APPROPRIATE ACTION TAKEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANNUALLY, WITHIN 60 DAYS OF THE END OF THE FISCAL YEAR END, THE EXECUTIVE COMMITTEE WILL REVIEW KEY EMPLOYEE COMPENSATION, AND APPROVE, USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED CHAMBERS. UPON COMPLETION OF THE REVIEW THE COMMITTEE WILL REPORT THEIR DETERMINATIONS TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NORTH CENTRAL MA DEVELOPMENT CORPORATION

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,328,046
Liabilities
$916,605
Net assets
$411,441
Revenue
$1,032,234
Expenses
$985,002
Net income
$47,232
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.40$0.63$0.77$1.65$1.59$0.06
2024Summary only. Only limited summary data is available for this year.$1.35$0.65$0.70$1.70$1.67$0.03
2023Summary only. Only limited summary data is available for this year.$1.30$0.65$0.65$1.74$1.61$0.13
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$0.76$0.52$1.55$1.52$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.37$0.86$0.51$1.24$1.15$0.09
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.85$0.42$1.14$1.14$0.00
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$0.88$0.42$1.03$1.02$0.01
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.37$0.96$0.41$0.99$0.97$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.33$0.92$0.41$1.03$0.99$0.05
2017Summary only. Only limited summary data is available for this year.$1.33$0.92$0.41$1.03$0.99$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.34$0.91$0.43$0.93$0.92$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.40$0.98$0.42$0.90$0.97$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.58$1.09$0.49$0.90$0.93$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.80$1.28$0.52$0.90
2012Summary only. Only limited summary data is available for this year.$1.79$1.26$0.53$0.78$0.81$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.74$1.19$0.55$0.90