Civic Intelligence

Middlesex 3 Coalition Inc

990 • Fiscal year 2021 • EIN 45-5094277

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

Organization ProfileN/A
12 Andover RoadBillerica, MA 01821

(978) 808-5281

Siviq Scores

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

Liabilities / Assets

70th percentile

0.08x

Higher debt load relative to assets than 70% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

68th percentile

0.07x

Higher debt load relative to revenue than 68% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Net Margin

55th percentile

11%

Higher net margin than 55% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Top Officer Pay

98th percentile

$132,742

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 27.8% of source-year revenue.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Asset Growth

76th percentile

27%

Faster asset growth than 76% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

77th percentile

37%

Faster revenue growth than 77% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$401,450

Up $85,692 (+27%) from 2020

Net Assets

Up

$367,975

Up $52,217 (+17%) from 2020

Liabilities

Up

$33,475

Up $33,475 from 2020

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin55th percentile

Revenue

Up

$478,130

Up $129,596 (+37%) from 2020

Expenses

Up

$425,913

Up $118,872 (+39%) from 2020

Net Income

Up

$52,217

Up $10,724 (+26%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

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

$600K$400K$200K$0Assets 2017: $143,811Liabilities 2017: $0Net Assets 2017: $143,8112017Assets 2018: $242,691Liabilities 2018: $0Net Assets 2018: $242,6912018Assets 2019: $274,265Liabilities 2019: $0Net Assets 2019: $274,2652019Assets 2020: $315,758Liabilities 2020: $0Net Assets 2020: $315,7582020Assets 2021: $401,450Liabilities 2021: $33,475Net Assets 2021: $367,9752021Assets 2022: $515,880Liabilities 2022: $1,594Net Assets 2022: $514,2862022Assets 2023: $519,717Liabilities 2023: $0Net Assets 2023: $519,7172023Assets 2024: $471,100Liabilities 2024: $0Net Assets 2024: $471,1002024

Highlighted filing

2021

Assets$401,450
Liabilities$33,475
Net Assets$367,975
Open 2021 Filing

Operations Trend

Revenue Growth77th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2017: $216,701Expenses 2017: $244,877Net Income 2017: -$28,1762017Revenue 2018: $332,946Expenses 2018: $234,066Net Income 2018: $98,8802018Revenue 2019: $423,688Expenses 2019: $392,114Net Income 2019: $31,5742019Revenue 2020: $348,534Expenses 2020: $307,041Net Income 2020: $41,4932020Revenue 2021: $478,130Expenses 2021: $425,913Net Income 2021: $52,2172021Revenue 2022: $1,156,540Expenses 2022: $1,010,229Net Income 2022: $146,3112022Revenue 2023: $717,730Expenses 2023: $712,299Net Income 2023: $5,4312023Revenue 2024: $502,161Expenses 2024: $550,778Net Income 2024: -$48,6172024

Highlighted filing

2021

Revenue$478,130
Expenses$425,913
Net Income$52,217
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.1
Gross Receipts
$478,130
Mission and Program Overview

Mission

The purpose of this organization shall be to advance interest in and facilitate economic development along the massachusetts route 3 corridor located in middlesex county and the communities located there; in part by fostering communication, cooperation and coordination among all levels of public, private and quasi-public sectors located and or operating in or near the corridoror otherwise interested in the corridor and the communities located there.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$290,273$375,901▲ $85,628
Savings and Temporary Cash Investments$25,485$25,549▲ $64
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$315,758$401,450▲ $85,692
Other Assets Total-$0-
Liabilities
Other Liabilities-$33,475-
Total Liabilities$0$33,475▲ $33,475
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$315,758$367,975▲ $52,217
Total Net Assets Fund Balance$315,758$367,975▲ $52,217
Total Liabilities and Net Assets / Fund Balance$315,758$401,450▲ $85,692
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Stephanie CroninExecutive DirectorFT$132,742$132,742

Board Members and Trustees

NameTitle
Steve HoganChairman
Paul CohenPresident
Robert C BuckleyVice President
Dean LamotheDirector
Deb Bergholm-petkaDirector
Eileen DonoghueDirector
Ira GoldmanDirector
Jessica LevesqueDirector
John CurranDirector
Jonathon ProffitDirector
Judy BurkeDirector
Katie EnrightDirector
Michelle SnyderDirector
Paul SagarinoDirector
Sarah StantonDirector
Scott WeissDirector
THOMAS O'DONNELLDirector
Pamela DaltonClerk
Matthew HansonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$478,066
Program Service Revenue
$0
Investment Income
$64
Other Revenue
$0
All Other Contributions
$32,000
Change in Net Assets
$52,217
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$249,541
Salaries, Compensation, and Employee Benefits$176,372
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-$132,742-$132,742
Advertising-$118,004-$118,004
Pension Plan Contributions-$33,475-$33,475
Payroll Taxes-$10,155-$10,155
Office Expenses-$7,272-$7,272
Occupancy-$6,500-$6,500
Other Expenses$104,003$1,034-$1,034
Insurance-$629-$629
Total Functional Expenses$104,003$321,910$0$425,913
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
In-house lobbying only
No
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
N/p Retirement Plan Contribution$33,475
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The form 990 tax return will be reviewed by all governing members.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Documentation provided upon request”

Filing and Contact Details

Filer

Filer Name
Middlesex 3 Coalition Inc
EIN
45-5094277
Phone
9788085281
Address
12 ANDOVER ROAD, BILLERICA, MA 01821

Signing Officer

Name
Paul Cohen
Title
President
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Cohen
Legal Domicile
Ma
Voting Board Members
19
Independent Board Members
0
Employees
1

Preparer

Firm
Frederick A Ciampa CPA PC
Address
12 Andover Road, Billerica, MA 01821
Preparer
Frederick a Ciampa
Phone
9786677797
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The company has adopted asc topic 740-10, accounting for uncertainty in income taxes, which prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. For the year ending december 31, 2021. The company has no material uncertain tax positions to be accounted for in the financial stetements under these rules.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt6Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
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IRS990/InformationTechnologyGrp/TotalAmt00
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IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
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IRS990/MissionDesc0THE PURPOSE OF THIS ORGANIZATION SHALL BE TO ADVANCE INTEREST IN AND FACILITATE ECONOMIC DEVELOPMENT ALONG THE MASSACHUSETTS ROUTE 3 CORRIDOR LOCATED IN MIDDLESEX COUNTY AND THE COMMUNITIES LOCATED THERE; IN PART BY FOSTERING COMMUNICATION, COOPERATION AND COORDINATION AMONG ALL LEVELS OF PUBLIC, PRIVATE AND QUASI-PUBLIC SECTORS LOCATED AND OR OPERATING IN OR NEAR THE CORRIDOROR OTHERWISE INTERESTED IN THE CORRIDOR AND THE COMMUNITIES LOCATED THERE.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/OtherExpensesGrp/Desc1REIMBURSEMENTS
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL FEES
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12683
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21034
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0PAUL COHEN
IRS990/ProfessionalFundraisingInd0false
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IRS990/PYContributionsGrantsAmt0348312
IRS990/PYInvestmentIncomeAmt0222
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
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IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0N/P RETIREMENT PLAN CONTRIBUTION
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMPANY HAS ADOPTED ASC TOPIC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FOR THOSE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. FOR THE YEAR ENDING DECEMBER 31, 2021. THE COMPANY HAS NO MATERIAL UNCERTAIN TAX POSITIONS TO BE ACCOUNTED FOR IN THE FINANCIAL STETEMENTS UNDER THESE RULES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalLiabilityAmt033475
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 TAX RETURN WILL BE REVIEWED BY ALL GOVERNING MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTATION PROVIDED UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt0315758
IRS990/TotalAssetsGrp/EOYAmt0401450
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0425913
IRS990/TotalGrossUBIAmt00

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$401,450
Liabilities
$33,475
Net assets
$367,975
Revenue
$478,130
Expenses
$425,913
Net income
$52,217
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.00$0.47$0.50$0.55$0.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.52$0.00$0.52$0.72$0.71$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.51$1.16$1.01$0.15
2021Detailed filing. Detailed filing data is available for this year.$0.40$0.03$0.37$0.48$0.43$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.32$0.00$0.32$0.35$0.31$0.04
2019Summary only. Only limited summary data is available for this year.$0.27$0.00$0.27$0.42$0.39$0.03
2018Summary only. Only limited summary data is available for this year.$0.24$0.00$0.24$0.33$0.23$0.10
2017Summary only. Only limited summary data is available for this year.$0.14$0.00$0.14$0.22$0.24$0.03