Civic Intelligence

Chelsea Business Foundation Inc

EIN 82-3962027 • 501(c)3 • Chelsea, MA

Profile

Support economic development by assisting entrepreneurs and small business owners with tools and resources to be successful through one-on-one technical assistance, bilingual workshops and training programs, as well as networking opportunities.

PO Box 505600Chelsea, MA 02150

chelseabusinessfoundation.org

Siviq Scores

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

Liabilities / Assets

87th percentile

0.43x

Higher debt load relative to assets than 87% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

88th percentile

0.25x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

35th percentile

-5.7%

Higher net margin than 35% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

97th percentile

$88,120

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 20.1% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

24th percentile

-37%

Faster asset growth than 24% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

40th percentile

-12%

Faster revenue growth than 40% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$254,464

Down $147,413 (-37%) from 2020

Liabilities

Up

$109,629

Up $103,148 (+1592%) from 2020

Net Assets

Down

$144,835

Down $250,561 (-63%) from 2020

Operations
Liabilities / Revenue88th percentileNet Margin35th percentile

Revenue

Down

$438,229

Down $61,418 (-12%) from 2020

Expenses

Up

$463,207

Up $270,945 (+141%) from 2020

Net Income

Down

-$24,978

Down $332,363 (-108%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth24th percentile

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

$600K$400K$200K$0Assets 2019: $163,003Liabilities 2019: $0Net Assets 2019: $163,0032019Assets 2020: $401,877Liabilities 2020: $6,481Net Assets 2020: $395,3962020Assets 2021: $254,464Liabilities 2021: $109,629Net Assets 2021: $144,8352021

Highlighted filing

2021

Assets$254,464
Liabilities$109,629
Net Assets$144,835
Open 2021 Filing

Operations Trend

Revenue Growth40th percentile

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

$600K$400K$200K$0-$200KRevenue 2019: $198,600Expenses 2019: $37,597Net Income 2019: $161,0032019Revenue 2020: $499,647Expenses 2020: $192,262Net Income 2020: $307,3852020Revenue 2021: $438,229Expenses 2021: $463,207Net Income 2021: -$24,9782021

Highlighted filing

2021

Revenue$438,229
Expenses$463,207
Net Income-$24,978
Open 2021 Filing

Filings

Most recent year

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

Open filing
Assets
$254,464
Liabilities
$109,629
Net assets
$144,835
Revenue
$438,229
Expenses
$463,207
Net income
-$24,978
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$2.54$1.10$1.45$4.38$4.63$0.25
2020Summary only. Only limited summary data is available for this year.$4.02$0.06$3.95$5.00$1.92$3.07
2019Detailed filing. Detailed filing data is available for this year.$1.63$0.00$1.63$1.99$0.38$1.61
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 2, 2022
Return Version
2021v4.0
Gross Receipts
$438,229
Mission and Program Overview

Mission

Support economic development by assisting entrepreneurs and small business owners with tools and resources to be successful through one-on-one technical assistance, bilingual workshops and training programs, as well as networking opportunities.

Supprot economic develoment by assisting entrepreneurs and small business owners with tools and resources to be successful. For example, through one-on-one technical assistance, bilingual workshops and trading programs, as well as networking opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$65,533$165,215▲ $99,682
Accounts Receivable$336,344$89,249▼ $247,095
Savings and Temporary Cash Investments-$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$401,877$254,464▼ $147,413
Other Assets Total-$0-
Liabilities
Other Liabilities$2,189$103,046▲ $100,857
Accounts Payable and Accrued Expenses$4,292$6,583▲ $2,291
Total Liabilities$6,481$109,629▲ $103,148
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$395,396$144,835▼ $250,561
Total Net Assets Fund Balance$395,396$144,835▼ $250,561
Total Liabilities and Net Assets / Fund Balance$401,877$254,464▼ $147,413
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Carlos MatosCEOFT$88,120$88,120
Deise ParaguayFoundation Mgr.FT$59,800$59,800

Board Members and Trustees

NameTitle
Guillermo FernandezPresident
Andrea PerezDirector
D Bruce MauchDirector
Irene F TorresDirector
Phyllis BarajasDirector
Yago MartinezDirector
Yvonne GarciaDirector
Johanna MateoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$65,000
Program Service Revenue
$373,222
Investment Income
$7
Other Revenue
$0
All Other Contributions
$65,000
Change in Net Assets
$-24,978
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$238,949
Salaries, Compensation, and Employee Benefits$171,758
Grants and Similar Amounts Paid$52,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$59,800$88,120-$147,920
Grants to Domestic Orgs$52,500--$52,500
Occupancy-$24,913-$24,913
Payroll Taxes$15,398--$15,398
Travel-$15,229-$15,229
Fees for Services Legal-$13,259-$13,259
Office Expenses-$11,107-$11,107
Other Expenses$35,653$9,681-$9,681
Other Salaries and Wages$8,440--$8,440
Interest-$5,344-$5,344
Insurance-$922-$922
Advertising$787--$787
Total Functional Expenses$205,842$257,365$0$463,207
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
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
Long Term Debt$37,960
Loan$36,113
Line Of Credit$28,200
Interest payable$773
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
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

“Executive Director and Treasurer reviewed the 990 prior to filling.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Requesting regular acknowlegement and confirmation of Conflict Policy from officers, directors and employees.”

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

“No documents available to the public.”

Part VIII (Program Service Revenue)

“The organization only received program service revenue for programs related to is exempt purpose of providing support to entrepreneurs and small business owners with tools and resources to be succesful through bilingual workshops and training and educational programs, and one-on-one support, counseling and referrals as well as networking opportunities.”

Filing and Contact Details

Filer

Filer Name
Chelsea Business Foundation Inc
EIN
82-3962027
Phone
6179466098
Address
PO Box 505600, Chelsea, MA 02150

Signing Officer

Name
Carlos Matos
Title
Executive Director
Phone
6179466098
Signed
2022-11-02
Discuss with paid preparer
Yes

Organization Details

Formed
2018
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
1

Preparer

Firm
American SMB Services LLC
Address
7924 Preston Rd Ste 350, Plano, TX 75024
Preparer
Phani Ilapakurty
Phone
6307155486
Supplemental Narrative

Additional Explanations

Part III, Line 1 (Statement of Program Service Accomplishments)

“Support entrepreneurs and small business owners with tools and resources to be succesful through bilingual workshops and training and educational programs, one-on-one support counseling and referrals as well as networking opportunities.”

Part V, 2A and 2B (Number of Employees)

“2a. Number of employees reported on Form W-3: 1. 2b. If at least one is reported on line 2a, did the organization file all required federal employment tax returns? Yes.”

Raw XML AppendixShowing 400 of 435 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
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt04292
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt06583
IRS990/AccountsReceivableGrp/BOYAmt0336344
IRS990/AccountsReceivableGrp/EOYAmt089249
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Supprot economic develoment by assisting entrepreneurs and small business owners with tools and resources to be successful. For example, through one-on-one technical assistance, bilingual workshops and trading programs, as well as networking opportunities.
IRS990/AdvertisingGrp/ProgramServicesAmt0787
IRS990/AdvertisingGrp/TotalAmt0787
IRS990/AllOtherContributionsAmt065000
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0false
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Carlos Matos
IRS990/BooksInCareOfDetail/PhoneNum06178194229
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 505600
IRS990/BooksInCareOfDetail/USAddress/CityNm0Chelsea
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002150
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt065533
IRS990/CashNonInterestBearingGrp/EOYAmt0165215
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt088120
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt059800
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0147920
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt065000
IRS990/CYGrantsAndSimilarPaidAmt052500
IRS990/CYInvestmentIncomeAmt07
IRS990/CYOtherExpensesAmt0238949
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0373222
IRS990/CYRevenuesLessExpensesAmt0-24978
IRS990/CYSalariesCompEmpBnftPaidAmt0171758
IRS990/CYTotalExpensesAmt0463207
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0438229
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0Samll business workshops and assistance, training and educational programs and one-on-one business owners and referral support.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0205842
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt013259
IRS990/FeesForServicesLegalGrp/TotalAmt013259
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0CARLOS MATOS
IRS990/Form990PartVIISectionAGrp/PersonNm1Deise Paraguay
IRS990/Form990PartVIISectionAGrp/PersonNm2Guillermo Fernandez
IRS990/Form990PartVIISectionAGrp/PersonNm3Johanna Mateo
IRS990/Form990PartVIISectionAGrp/PersonNm4Irene F Torres
IRS990/Form990PartVIISectionAGrp/PersonNm5Phyllis Barajas
IRS990/Form990PartVIISectionAGrp/PersonNm6Yvonne Garcia
IRS990/Form990PartVIISectionAGrp/PersonNm7Yago Martinez
IRS990/Form990PartVIISectionAGrp/PersonNm8D Bruce Mauch
IRS990/Form990PartVIISectionAGrp/PersonNm9Andrea Perez
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt088120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt159800
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Foundation Mgr.
IRS990/Form990PartVIISectionAGrp/TitleTxt2President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02018
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantAmt052500
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt052500
IRS990/GrantsToDomesticOrgsGrp/TotalAmt052500
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0438229
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt0922
IRS990/InsuranceGrp/TotalAmt0922
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt05344
IRS990/InterestGrp/TotalAmt05344
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt07
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt07
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Support economic development by assisting entrepreneurs and small business owners with tools and resources to be successful through one-on-one technical assistance, bilingual workshops and training programs, as well as networking opportunities.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0395396
IRS990/NetAssetsOrFundBalancesEOYAmt0144835
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0395396
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0144835
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt024913
IRS990/OccupancyGrp/TotalAmt024913
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011107
IRS990/OfficeExpensesGrp/TotalAmt011107
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Service fee
IRS990/OtherExpensesGrp/Desc1Contractor Expense
IRS990/OtherExpensesGrp/Desc2Software expense
IRS990/OtherExpensesGrp/Desc3Equipments
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt035940
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt131880
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt220970
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt39681
IRS990/OtherExpensesGrp/ProgramServicesAmt033264
IRS990/OtherExpensesGrp/ProgramServicesAmt135653
IRS990/OtherExpensesGrp/TotalAmt069204
IRS990/OtherExpensesGrp/TotalAmt167533
IRS990/OtherExpensesGrp/TotalAmt220970
IRS990/OtherExpensesGrp/TotalAmt39681
IRS990/OtherLiabilitiesGrp/BOYAmt02189
IRS990/OtherLiabilitiesGrp/EOYAmt0103046
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt08440
IRS990/OtherSalariesAndWagesGrp/TotalAmt08440
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt015398
IRS990/PayrollTaxesGrp/TotalAmt015398
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PriorPeriodAdjustmentsAmt0-225583
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01000
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0157777
IRS990/PYProgramServiceRevenueAmt0498647
IRS990/PYRevenuesLessExpensesAmt0307385
IRS990/PYSalariesCompEmpBnftPaidAmt034485
IRS990/PYTotalExpensesAmt0192262
IRS990/PYTotalRevenueAmt0499647
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-24978
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0438229
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt065000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0198600
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt02000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0266600
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0373222
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0498647
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0871869
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt01138469
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0438222
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0499647
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0198600
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02000
IRS990ScheduleA/Total509Grp/TotalAmt01138469
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0438222
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0499647
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0198600
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02000
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01138469
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0773
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt128200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt236113
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt337960
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Interest payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Line Of Credit
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Loan
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Long Term Debt
IRS990ScheduleD/TotalLiabilityAmt0103046
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Executive Director and Treasurer reviewed the 990 prior to filling.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Requesting regular acknowlegement and confirmation of Conflict Policy from officers, directors and employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Support entrepreneurs and small business owners with tools and resources to be succesful through bilingual workshops and training and educational programs, one-on-one support counseling and referrals as well as networking opportunities.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt42a. Number of employees reported on Form W-3: 1. 2b. If at least one is reported on line 2a, did the organization file all required federal employment tax returns? Yes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The organization only received program service revenue for programs related to is exempt purpose of providing support to entrepreneurs and small business owners with tools and resources to be succesful through bilingual workshops and training and educational programs, and one-on-one support, counseling and referrals as well as networking opportunities.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part III, Line 1 (Statement of Program Service Accomplishments)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part V, 2a and 2b (Number of Employees)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part VIII (Program Service Revenue)
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0401877
IRS990/TotalAssetsEOYAmt0254464
IRS990/TotalAssetsGrp/BOYAmt0401877
IRS990/TotalAssetsGrp/EOYAmt0254464
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt065000
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0257365
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0205842
IRS990/TotalFunctionalExpensesGrp/TotalAmt0463207
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06481
IRS990/TotalLiabilitiesEOYAmt0109629
IRS990/TotalLiabilitiesGrp/BOYAmt06481
IRS990/TotalLiabilitiesGrp/EOYAmt0109629
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0395396
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0144835
IRS990/TotalProgramServiceExpensesAmt0205842
IRS990/TotalProgramServiceRevenueAmt0373222
IRS990/TotalReportableCompFromOrgAmt0147920
IRS990/TotalRevenueGrp/ExclusionAmt0373222
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0438229
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0401877
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0254464
IRS990/TravelGrp/ManagementAndGeneralAmt015229
IRS990/TravelGrp/TotalAmt015229
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0PO Box 505600
IRS990/USAddress/CityNm0Chelsea
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002150
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)3 • <$500k nonprofits