Civic Intelligence

Berkshire Innovation Center Inc.

990 • Fiscal year 2015 • EIN 47-1691933

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 24, 2015

Organization ProfileWWW.THE-BIC.ORG
66 Allen StreetPittsfield, MA 01201

(508) 366-4859

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.00x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

91st percentile

49%

Higher net margin than 91% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Balance Sheet
Liabilities / Assets55th percentile

Assets

$218,422

No earlier filing loaded for comparison.

Net Assets

$218,422

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin91st percentile

Revenue

$447,915

No earlier filing loaded for comparison.

Expenses

$229,493

No earlier filing loaded for comparison.

Net Income

$218,422

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$15M$10M$5.0M$0-$5.0MAssets 2015: $218,422Liabilities 2015: $0Net Assets 2015: $218,4222015Assets 2016: $262,102Liabilities 2016: $400,000Net Assets 2016: -$137,8982016Assets 2017: $115,148Liabilities 2017: $323,626Net Assets 2017: -$208,4782017Assets 2018: $392,462Liabilities 2018: $555,789Net Assets 2018: -$163,3272018Assets 2019: $9,997,843Liabilities 2019: $3,906,062Net Assets 2019: $6,091,7812019Assets 2020: $13,340,795Liabilities 2020: $1,490,240Net Assets 2020: $11,850,5552020Assets 2021: $12,909,447Liabilities 2021: $1,231,459Net Assets 2021: $11,677,9882021Assets 2022: $12,529,840Liabilities 2022: $1,070,204Net Assets 2022: $11,459,6362022Assets 2023: $12,612,867Liabilities 2023: $1,226,387Net Assets 2023: $11,386,4802023Assets 2024: $12,589,808Liabilities 2024: $1,452,318Net Assets 2024: $11,137,4902024

Highlighted filing

2015

Assets$218,422
Liabilities$0
Net Assets$218,422
Open 2015 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $447,915Expenses 2015: $229,493Net Income 2015: $218,4222015Revenue 2016: $235,581Expenses 2016: $279,401Net Income 2016: -$43,8202016Revenue 2017: $160,333Expenses 2017: $230,913Net Income 2017: -$70,5802017Revenue 2018: $223,732Expenses 2018: $178,581Net Income 2018: $45,1512018Revenue 2019: $6,373,333Expenses 2019: $118,225Net Income 2019: $6,255,1082019Revenue 2020: $6,424,153Expenses 2020: $665,379Net Income 2020: $5,758,7742020Revenue 2021: $929,131Expenses 2021: $1,101,698Net Income 2021: -$172,5672021Revenue 2022: $968,470Expenses 2022: $1,186,822Net Income 2022: -$218,3522022Revenue 2023: $1,489,523Expenses 2023: $1,562,679Net Income 2023: -$73,1562023Revenue 2024: $1,868,352Expenses 2024: $2,117,342Net Income 2024: -$248,9902024

Highlighted filing

2015

Revenue$447,915
Expenses$229,493
Net Income$218,422
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 24, 2015
Return Version
2014v6.0
Gross Receipts
$447,915
Mission and Program Overview

Mission

The corporation is organized to provide facilities and educational programs that enable and accelerate innovation and growth of existing businesses in the berkshire county, massachusetts area, particularly small to medium sized manufacturing companies, with the objective of spurring economic growth, developing a skilled workforce and increasing jobs and investment in the region through the development and operation of: (a) a state-of-the-art scientific, high technology research and business incubator facility (b) education programs to provide students and the local business community with the training, knowledge, experience and scientific skills necessary to succeed in an increasingly technology driven economy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$216,514-
Land, Buildings, and Equipment, Net-$1,908-
Total Assets$0$218,422▲ $218,422
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets-$218,422-
Total Net Assets Fund Balance$0$218,422▲ $218,422
Total Liabilities and Net Assets / Fund Balance$0$218,422▲ $218,422

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,908$100$2,008
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
B Stephen BoydPresident
David K Allen-
David Valicenti-
James D Capistran-
James E Spencer Jr-
James J Brosnan-
Michael Tucker-
Nick Grizey-
Philip Dore-
R James Galipeau-
Riad Maher-
Robert a Malloy-
Shawn Kinney-
Thomas Dunton-
Thomas Sommer-
William Mulholland-
Douglas CraneClerk
James StakenasTreasurer
Donald RocheloVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
New England Expansion StrategiesConsulting17 PICCADILLY WAY, Westborough, MA 01581$173,543
Revenue and Support

Revenue Composition

Contributions and Grants
$312,500
Program Service Revenue
$135,415
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$218,422
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$229,493
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$170,543--$170,543
Fees for Services Legal-$52,382-$52,382
Other Expenses$499$1,288-$499
All Other Expenses-$305-$305
Depreciation Depletion$50$50-$100
Total Functional Expenses$175,468$54,025$0$229,493
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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
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, Page 6, Part VI, Line 11B

“The board of directors will review a copy of the form 990 at a regularly scheduled board meeting prior to filing.”

Form 990, Page 6, Part VI, Line 19

“Available upon request and on the website of the office of the massachusetts attorney general”

Filing and Contact Details

Filer

Filer Name
Berkshire Innovation Center Inc
EIN
47-1691933
Phone
5083664859
Address
66 ALLEN STREET, PITTSFIELD, MA 01201

Signing Officer

Name
B Stephen Boyd
Title
President
Phone
5083664859
Signed
2015-11-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
B Stephen Boyd
Formed
2014
Legal Domicile
Ma
Voting Board Members
18
Independent Board Members
18
Employees
0

Preparer

Firm
Smith Watson & Co Llp
Address
85 MAIN ST STE 111, NORTH ADAMS, MA 01247
Preparer
Bryon M Sherman
Phone
4136644650
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The corporation is organized to provide facilities and educational programs that enable and accelerate innovation and growth of existing businesses in the berkshire county, massachusetts area, particularly small to medium sized manufacturing companies, with the objective of spurring economic growth, developing a skilled workforce and increasing jobs and investment in the region through the development and operation of: (a) a state-of-the-art scientific, high technology research and business incubator facility (b) education programs to provide students and the local business community with the training, knowledge, experience and scientific skills necessary to succeed in an increasingly technology driven economy.”

Form 990, Page 2, Part III, Line 4A

“Succeed in an increasingly technology driven economy.”

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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0MARKETING/IT
IRS990/OtherExpensesGrp/Desc1BOARD MEETING EXPENSES
IRS990/OtherExpensesGrp/Desc2MEALS AND ENTERTAINMENT
IRS990/OtherExpensesGrp/Desc3SPEAKING PROGRAMS - FACIL
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01288
IRS990/OtherExpensesGrp/ProgramServicesAmt03194
IRS990/OtherExpensesGrp/ProgramServicesAmt11182
IRS990/OtherExpensesGrp/ProgramServicesAmt2499
IRS990/OtherExpensesGrp/TotalAmt03194
IRS990/OtherExpensesGrp/TotalAmt11288
IRS990/OtherExpensesGrp/TotalAmt21182
IRS990/OtherExpensesGrp/TotalAmt3499
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0B STEPHEN BOYD
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0CONSULTING SERVICES INCOME
IRS990/ProgramServiceRevenueGrp/Desc1SPONSORSHIP FEES
IRS990/ProgramServiceRevenueGrp/Desc2FOUNDATION RAMP-UP MEMBERSHIP
IRS990/ProgramServiceRevenueGrp/Desc3ASSOCIATE MEMBERSHIP FEES
IRS990/ProgramServiceRevenueGrp/Desc4SPEAKING PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt062661
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt150000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt220237
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt32025
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4492
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt062661
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt150000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt220237
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt32025
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4492
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/ReconcilationRevenueExpnssAmt0218422
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0312500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0312500
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0135415
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0312500
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0312500
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0312500
IRS990ScheduleA/TotalSupportAmt0312500
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01908
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0100
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02008
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01908
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS ORGANIZED TO PROVIDE FACILITIES AND EDUCATIONAL PROGRAMS THAT ENABLE AND ACCELERATE INNOVATION AND GROWTH OF EXISTING BUSINESSES IN THE BERKSHIRE COUNTY, MASSACHUSETTS AREA, PARTICULARLY SMALL TO MEDIUM SIZED MANUFACTURING COMPANIES, WITH THE OBJECTIVE OF SPURRING ECONOMIC GROWTH, DEVELOPING A SKILLED WORKFORCE AND INCREASING JOBS AND INVESTMENT IN THE REGION THROUGH THE DEVELOPMENT AND OPERATION OF: (A) A STATE-OF-THE-ART SCIENTIFIC, HIGH TECHNOLOGY RESEARCH AND BUSINESS INCUBATOR FACILITY (B) EDUCATION PROGRAMS TO PROVIDE STUDENTS AND THE LOCAL BUSINESS COMMUNITY WITH THE TRAINING, KNOWLEDGE, EXPERIENCE AND SCIENTIFIC SKILLS NECESSARY TO SUCCEED IN AN INCREASINGLY TECHNOLOGY DRIVEN ECONOMY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SUCCEED IN AN INCREASINGLY TECHNOLOGY DRIVEN ECONOMY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS WILL REVIEW A COPY OF THE FORM 990 AT A REGULARLY SCHEDULED BOARD MEETING PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST AND ON THE WEBSITE OF THE OFFICE OF THE MASSACHUSETTS ATTORNEY GENERAL
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsEOYAmt0218422
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0218422
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0312500
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt054025
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0175468
IRS990/TotalFunctionalExpensesGrp/TotalAmt0229493
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0218422
IRS990/TotalProgramServiceExpensesAmt0175468
IRS990/TotalProgramServiceRevenueAmt0135415
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0135415
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0447915
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0218422
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0218422
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt024 GLENDALE ROAD
IRS990/USAddress/CityNm0WEST STOCKBRIDGE
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001266
IRS990/VotingMembersGoverningBodyCnt018
IRS990/VotingMembersIndependentCnt018
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0B STEPHEN BOYD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05083664859
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BERKSHIRE INNOVATION CENTER INC
ReturnHeader/Filer/BusinessNameControlTxt0BERK
ReturnHeader/Filer/EIN0471691933
ReturnHeader/Filer/PhoneNum05083664859
ReturnHeader/Filer/USAddress/AddressLine1Txt066 ALLEN STREET
ReturnHeader/Filer/USAddress/CityNm0PITTSFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001201
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042530803
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SMITH WATSON & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt085 MAIN ST STE 111
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORTH ADAMS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001247
ReturnHeader/PreparerPersonGrp/PhoneNum04136644650
ReturnHeader/PreparerPersonGrp/PreparationDt02016-02-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRYON M SHERMAN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-02-12T10:37:36-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$218,422
Liabilities
$0
Net assets
$218,422
Revenue
$447,915
Expenses
$229,493
Net income
$218,422
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.6$1.45$11.1$1.87$2.12$0.25
2023Detailed filing. Detailed filing data is available for this year.$12.6$1.23$11.4$1.49$1.56$0.07
2022Detailed filing. Detailed filing data is available for this year.$12.5$1.07$11.5$0.97$1.19$0.22
2021Detailed filing. Detailed filing data is available for this year.$12.9$1.23$11.7$0.93$1.10$0.17
2020Detailed filing. Detailed filing data is available for this year.$13.3$1.49$11.9$6.42$0.67$5.76
2019Detailed filing. Detailed filing data is available for this year.$10.00$3.91$6.09$6.37$0.12$6.26
2018Summary only. Only limited summary data is available for this year.$0.39$0.56$0.16$0.22$0.18$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.12$0.32$0.21$0.16$0.23$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.26$0.40$0.14$0.24$0.28$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.22$0.00$0.22$0.45$0.23$0.22
Peer Organizations

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