Civic Intelligence

The Record Company Inc

EIN 27-1238513 • 501(c)3 • Boston, MA

Profile

To remove the technical and social barriers between boston's music makers and their creative visions through truly affordable music workspace and professional development programs.

960 Massachusetts AvenueBoston, MA 02118

www.therecordco.org

Siviq Scores

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

Liabilities / Assets

86th percentile

0.76x

Higher debt load relative to assets than 86% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

3.95x

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

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

12th percentile

-18%

Higher net margin than 12% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

22nd percentile

$101,450

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

30th percentile

-1.1%

Faster asset growth than 30% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

87th percentile

60%

Faster revenue growth than 87% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$12,379,553

Down $136,510 (-1.1%) from 2023

Liabilities

Up

$9,469,422

Up $288,989 (+3.1%) from 2023

Net Assets

Down

$2,910,131

Down $425,499 (-13%) from 2023

Operations
Liabilities / Revenue93rd percentileNet Margin12th percentile

Revenue

Up

$2,394,889

Up $898,845 (+60%) from 2023

Expenses

Up

$2,820,388

Up $319,877 (+13%) from 2023

Net Income

Up

-$425,499

Up $578,968 (+58%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth30th percentile

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

$15M$10M$5.0M$0Assets 2018: $232,546Liabilities 2018: $113,670Net Assets 2018: $118,8762018Assets 2019: $967,251Liabilities 2019: $300,702Net Assets 2019: $666,5492019Assets 2020: $4,243,354Liabilities 2020: $2,375,196Net Assets 2020: $1,868,1582020Assets 2021: $3,786,300Liabilities 2021: $1,047,787Net Assets 2021: $2,738,5132021Assets 2022: $4,702,534Liabilities 2022: $362,437Net Assets 2022: $4,340,0972022Assets 2023: $12,516,063Liabilities 2023: $9,180,433Net Assets 2023: $3,335,6302023Assets 2024: $12,379,553Liabilities 2024: $9,469,422Net Assets 2024: $2,910,1312024

Highlighted filing

2024

Assets$12,379,553
Liabilities$9,469,422
Net Assets$2,910,131
Open 2024 Filing

Operations Trend

Revenue Growth87th percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2018: $459,311Expenses 2018: $435,016Net Income 2018: $24,2952018Revenue 2019: $1,109,761Expenses 2019: $562,088Net Income 2019: $547,6732019Revenue 2020: $1,898,976Expenses 2020: $697,367Net Income 2020: $1,201,6092020Revenue 2021: $2,710,315Expenses 2021: $1,839,960Net Income 2021: $870,3552021Revenue 2022: $3,016,827Expenses 2022: $1,415,243Net Income 2022: $1,601,5842022Revenue 2023: $1,496,044Expenses 2023: $2,500,511Net Income 2023: -$1,004,4672023Revenue 2024: $2,394,889Expenses 2024: $2,820,388Net Income 2024: -$425,4992024

Highlighted filing

2024

Revenue$2,394,889
Expenses$2,820,388
Net Income-$425,499
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$12,379,553
Liabilities
$9,469,422
Net assets
$2,910,131
Revenue
$2,394,889
Expenses
$2,820,388
Net income
-$425,499
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.4$9.47$2.91$2.39$2.82$0.43
2023Detailed filing. Detailed filing data is available for this year.$12.5$9.18$3.34$1.50$2.50$1.00
2022Detailed filing. Detailed filing data is available for this year.$4.70$0.36$4.34$3.02$1.42$1.60
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.79$1.05$2.74$2.71$1.84$0.87
2020Detailed filing. Detailed filing data is available for this year.$4.24$2.38$1.87$1.90$0.70$1.20
2019Detailed filing. Detailed filing data is available for this year.$0.97$0.30$0.67$1.11$0.56$0.55
2018Detailed filing. Detailed filing data is available for this year.$0.23$0.11$0.12$0.46$0.44$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 24, 2025
Return Version
2023v6.0
Gross Receipts
$2,394,889
Mission and Program Overview

Mission

To remove the technical and social barriers between boston's music makers and their creative visions through truly affordable music workspace and professional development programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,941,630$2,941,630→ $0
Land, Buildings, and Equipment, Net$617,866$493,995▼ $123,871
Cash and Non-Interest-Bearing Accounts$217,633$274,571▲ $56,938
Pledges and Grants Receivable$132,932$112,232▼ $20,700
Accounts Receivable$39,054$18,639▼ $20,415
Savings and Temporary Cash Investments$5,561$5,561→ $0
Inventories for Sale or Use$5,790$4,888▼ $902
Prepaid Expenses and Deferred Charges$32,083$3,983▼ $28,100
Total Assets$12,516,063$12,379,553▼ $136,510
Other Assets Total$8,523,514$8,524,054▲ $540
Liabilities
Other Liabilities$8,999,425$9,308,370▲ $308,945
Accounts Payable and Accrued Expenses$162,003$136,598▼ $25,405
Deferred Revenue$19,005$24,454▲ $5,449
Total Liabilities$9,180,433$9,469,422▲ $288,989
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,006,840$2,598,076▼ $408,764
Net Assets With Donor Restrictions$328,790$312,055▼ $16,735
Total Net Assets Fund Balance$3,335,630$2,910,131▼ $425,499
Total Liabilities and Net Assets / Fund Balance$12,516,063$12,379,553▼ $136,510

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$374,367$106,789$481,156
Equipment$119,628$161,952$281,580
Other Assets Org$79,103--
Compensation and Service Providers
Top Officer Pay22nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matthew S McarthurExecutive Director (thru 3/24)FT$97,828$3,622$101,450
Bobby BoydExecutive Director (as of 6/24)FT$97,298$3,622$100,920

Board Members and Trustees

NameTitle
Mark EthierBoard and Advancement Committe Chair
Rachel JordanChair
Zena LumCo-chair
David MashGovernance Committee Chair
Andy YounissDirector
Doug ArshamDirector
John EscobarDirector
Matthew LindleyDirector
Nadina TalukdarDirector
Tessil CollinsDirector
Andrew SchulertTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,158,266
Program Service Revenue
$1,199,564
Investment Income
$29,415
Other Revenue
$7,644
All Other Contributions
$1,158,266
Change in Net Assets
$-425,499
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,913,424
Salaries, Compensation, and Employee Benefits$906,964
Total Fundraising Expense$167,721
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$1,064,924$87,951$59,426$1,212,301
Other Salaries and Wages$380,414$86,879$60,224$527,517
Fees for Services Other$151,942$221,843$15,031$388,816
Current Officers, Directors, Trustees, and Key Employees$197,838$45,145$30,500$273,483
Depreciation Depletion$61,195$62,675-$123,870
Payroll Taxes$69,025$1,869-$70,894
Office Expenses$44,967$6,708$63$51,738
Information Technology$37,869$11,970$402$50,241
Other Employee Benefits$28,718$6,352-$35,070
Travel$16,126$7,455$418$23,999
Insurance$19,468$1,608$1,086$22,162
All Other Expenses$9,872$5,433-$15,305
Advertising$5,775$8,655$571$15,001
Fees for Services Legal-$5,855-$5,855
Interest-$4,136-$4,136
Total Functional Expenses$2,088,133$564,534$167,721$2,820,388
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$9,106,260
Eidl Loan$150,000
Due to Related Party$52,110
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The form 990 will be made available to the members of the governing board to review prior to its filing.”

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

“Board members review and sign conflict of interest agreements annually.”

Form 990, Part VI, Section B, Line 15

“The executive director's compensation is reviewed by the finance committee and presented to the full board of directors for review and approval, which are documented in meeting minutes. Total compensation is compared to other nonprofits organizations of similar size, mission and geography.”

Form 990, Part VI, Section C, Line 19

“Financial statements during the tax year are provided to the public if a written request is submitted to the record company, inc. In addition, an electronic version is available for public inspection on the ma attorney general's website.”

Filing and Contact Details

Filer

Filer Name
The Record Company Inc
EIN
27-1238513
Phone
6177650155
Address
960 MASSACHUSETTS AVENUE, BOSTON, MA 02118

Signing Officer

Name
Bobby Boyd
Title
Executive Director
Phone
6177650155
Signed
2025-03-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bobby Boyd
Formed
2009
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
12
Employees
23
Volunteers
0

Preparer

Firm
Citrin Cooperman Advisors LLC
Address
500 EXCHANGE STREET SUITE 9-100, PROVIDENCE, RI 02903
Preparer
Amber Bichun
Phone
4014214800
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Professional fees and consultants: program service expenses 151,942. Management and general expenses 221,843. Fundraising expenses 15,031. Total expenses 388,816.”

Financial Statement Notes

PART X, LINE 2:

“Trc is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. Trc is subject to unrelated business income tax ("ubit"), if applicable. In accordance with fasb asc 740, income taxes, trc applies the "more likely than not" threshold to the recognition and derecognition of tax positions for its combined financial statements. Management has evaluated trc's tax positions and has concluded that there were no uncertain tax positions that qualified for either recognition or disclosure.”

Raw XML AppendixShowing 400 of 521 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/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0402
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt011970
IRS990/InformationTechnologyGrp/ProgramServicesAmt037869
IRS990/InformationTechnologyGrp/TotalAmt050241
IRS990/InsuranceGrp/FundraisingAmt01086
IRS990/InsuranceGrp/ManagementAndGeneralAmt01608
IRS990/InsuranceGrp/ProgramServicesAmt019468
IRS990/InsuranceGrp/TotalAmt022162
IRS990/InterestGrp/ManagementAndGeneralAmt04136
IRS990/InterestGrp/TotalAmt04136
IRS990/InventoriesForSaleOrUseGrp/BOYAmt05790
IRS990/InventoriesForSaleOrUseGrp/EOYAmt04888
IRS990/InvestmentIncomeGrp/ExclusionAmt029415
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt029415
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt024
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0268741
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0617866
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0493995
IRS990/LandBldgEquipCostOrOtherBssAmt0762736
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt07644
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt07644
IRS990/MissionDesc0TO REMOVE THE TECHNICAL AND SOCIAL BARRIERS BETWEEN BOSTON'S MUSIC MAKERS AND THEIR CREATIVE VISIONS THROUGH TRULY AFFORDABLE MUSIC WORKSPACE AND PROFESSIONAL DEVELOPMENT PROGRAMS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03335630
IRS990/NetAssetsOrFundBalancesEOYAmt02910131
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03006840
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02598076
IRS990/NoncashContributionsAmt05855
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt059426
IRS990/OccupancyGrp/ManagementAndGeneralAmt087951
IRS990/OccupancyGrp/ProgramServicesAmt01064924
IRS990/OccupancyGrp/TotalAmt01212301
IRS990/OfficeExpensesGrp/FundraisingAmt063
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06708
IRS990/OfficeExpensesGrp/ProgramServicesAmt044967
IRS990/OfficeExpensesGrp/TotalAmt051738
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08523514
IRS990/OtherAssetsTotalGrp/EOYAmt08524054
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06352
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt028718
IRS990/OtherEmployeeBenefitsGrp/TotalAmt035070
IRS990/OtherLiabilitiesGrp/BOYAmt08999425
IRS990/OtherLiabilitiesGrp/EOYAmt09308370
IRS990/OtherRevenueTotalAmt07644
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt060224
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt086879
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0380414
IRS990/OtherSalariesAndWagesGrp/TotalAmt0527517
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02941630
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02941630
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01869
IRS990/PayrollTaxesGrp/ProgramServicesAmt069025
IRS990/PayrollTaxesGrp/TotalAmt070894
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0132932
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0112232
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt032083
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03983
IRS990/PrincipalOfficerNm0BOBBY BOYD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711190
IRS990/ProgramServiceRevenueGrp/Desc0STUDIO RENTAL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01199564
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01199564
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0696220
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt068940
IRS990/PYInvestmentIncomeAmt029418
IRS990/PYOtherExpensesAmt01560765
IRS990/PYOtherRevenueAmt06500
IRS990/PYProgramServiceRevenueAmt0763906
IRS990/PYRevenuesLessExpensesAmt0-1004467
IRS990/PYSalariesCompEmpBnftPaidAmt0870806
IRS990/PYTotalExpensesAmt02500511
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01496044
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-425499
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01199564
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05561
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05561
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2019 AMOUNT: $ 2,170. 2020 AMOUNT: $ 62,694. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 7,644. FORGIVENESS OF DEBT - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 708,411. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01158266
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0696220
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01889935
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02546621
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01882015
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt08173057
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt029415
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt029418
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt029417
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt029417
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt014791
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0132458
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02359574
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt07644
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0708411
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt062694
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02170
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0780919
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.58480
IRS990ScheduleA/PublicSupportPY170Pct00.97950
IRS990ScheduleA/PublicSupportTotal170Amt05313431
IRS990ScheduleA/SubstantialContributorsTotAmt02859626
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01158266
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0696220
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01889935
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02546621
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01882015
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt08173057
IRS990ScheduleA/TotalSupportAmt09086434
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0119628
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0161952
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0281580
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0374367
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0106789
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0481156
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt08444951
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt179103
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OPERATING LEASE - RIGHT OF USE ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09106260
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1150000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt252110
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1EIDL LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO RELATED PARTY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TRC IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. TRC IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ("UBIT"), IF APPLICABLE. IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES, TRC APPLIES THE "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION AND DERECOGNITION OF TAX POSITIONS FOR ITS COMBINED FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED TRC'S TAX POSITIONS AND HAS CONCLUDED THAT THERE WERE NO UNCERTAIN TAX POSITIONS THAT QUALIFIED FOR EITHER RECOGNITION OR DISCLOSURE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0493995
IRS990ScheduleD/TotalBookValueOtherAssetsAmt08524054
IRS990ScheduleD/TotalLiabilityAmt09308370
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WILL BE MADE AVAILABLE TO THE MEMBERS OF THE GOVERNING BOARD TO REVIEW PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS REVIEW AND SIGN CONFLICT OF INTEREST AGREEMENTS ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED BY THE FINANCE COMMITTEE AND PRESENTED TO THE FULL BOARD OF DIRECTORS FOR REVIEW AND APPROVAL, WHICH ARE DOCUMENTED IN MEETING MINUTES. TOTAL COMPENSATION IS COMPARED TO OTHER NONPROFITS ORGANIZATIONS OF SIMILAR SIZE, MISSION AND GEOGRAPHY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FINANCIAL STATEMENTS DURING THE TAX YEAR ARE PROVIDED TO THE PUBLIC IF A WRITTEN REQUEST IS SUBMITTED TO THE RECORD COMPANY, INC. IN ADDITION, AN ELECTRONIC VERSION IS AVAILABLE FOR PUBLIC INSPECTION ON THE MA ATTORNEY GENERAL'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL FEES AND CONSULTANTS: PROGRAM SERVICE EXPENSES 151,942. MANAGEMENT AND GENERAL EXPENSES 221,843. FUNDRAISING EXPENSES 15,031. TOTAL EXPENSES 388,816.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G

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