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Independence Forge Association INC FY2022 filing

Mansfield, MA · Membership association

! Not tax-deductible
Revenue
$793K
+8% vs prior year
Spent
$727K
To programs
97%
Net assets
$155K
By yearFY2020–FY2024
Revenue
$793K
FY2022▲ +8%
Revenue by fiscal year
FY2020$789K
FY2021$735K
FY2022$793K
FY2023$893K
FY2024$667K
Expenses
$727K
FY2022▼ -2%
Expenses by fiscal year
FY2020$661K
FY2021$739K
FY2022$727K
FY2023$844K
FY2024$635K
Net assets
$155K
FY2022▲ +74%
Net assets by fiscal year
FY2020$93K
FY2021$89K
FY2022$155K
FY2023$202K
FY2024$234K

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim this org
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
No
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CIndependence Forge Association INC
EINHdr · item D04-3159713
Exempt statusHdr · item I501(c)(4) · active
Ruling yearIRS BMFJul 1993
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CMansfield, MA
NTEE classificationIRS BMFNonprofit

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$705K
Management & general3%$22K
Total functional expensesLn 25$727K

Financial health

Is it on solid ground?

Operating surplus
+8%
revenue over expenses
Earned revenue
0%
of revenue from program services & dues
Program spending
97%
of expenses reach member services

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$790K
FY2022▲ +5%
Total assets by fiscal year
FY2020$745K
FY2021$756K
FY2022$790K
FY2023$740K
FY2024$612K
Total liabilities
$635K
FY2022▼ -5%
Total liabilities by fiscal year
FY2020$652K
FY2021$667K
FY2022$635K
FY2023$538K
FY2024$378K
Revenue less expensesPt I · Ln 19$66K
Total assetsPt X · Ln 16$790K
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Balance Sheet

Part X · end of year
CashLn 1$396K
Total assetsLn 16$790K
Total liabilitiesLn 26$635K
Total net assetsLn 32$155K
Months of cash on handcomputed6.5

Statement of Revenue

Part VIII
Contributions & grants100%$790K
Investment income$4K
Total revenueLn 12$793K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $786K · Operating expenses/yr $727K
13.0 months
Where the money goes
Program services
Program services $705K · Total expenses $727K
97%
Management & General
Management & general $22K · Total expenses $727K
3%
Fundraising
Fundraising $0 · Total expenses $727K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $764K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $790K · Total revenue $793K
100%
Government reliance
Government grants — · Total revenue $793K
—
Earned-income share
Program service revenue $0 · Total revenue $793K
0%
Investment reliance
Investment income $4K · Total revenue $793K
+0.5%
Program self-sufficiency
Program service revenue $0 · Total expenses $727K
0%
Growth & trend
Revenue growth (YoY)
This year $793K · Prior year $735K
+8%
Net-asset trend (YoY)
End of year $155K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $793K · Expenses $727K
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $790K
—
Net-asset ratio
Net assets $155K · Total assets $790K
20%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $390K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $790K
49%
People & payroll
Highest Reported Total Compensation
Individual Deb Bell · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $727K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $727K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 97%——
Overhead ratio 3%——
Fundraising cost ratio 0%——
Revenue growth 8%——
Legal fee ratio 0.7%——
Accounting fee ratio 0.5%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Deb Bell
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Alan Eisner
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Joan Ferris
Director
$0Pt VII · Sec A
Bob Finn
Director
$0Pt VII · Sec A
See Independence Forge Association INC executive salaries →

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Governance & Policies

Part VI
  • 6Voting board membersPt VI · Ln 1a
  • 6Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Maintains and operates sewer systems, roads, and amenities for two property associations.

Provided by the organization

This section is blank until Independence Forge Association INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $705K of program spending, described in the organization's own filed words · FY2022.
01

The organization's purpose is to manage and maintain a sewer system, roads, clubhouse and other amenities servicing a community of homeowners associations.

$705Kprogram expense

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $667K$635K-25% 990 PDF
FY2023 $893K$844K+13% 990 PDF
FY2022 Viewing $793K$727K+8% 990 PDF
FY2021 $735K$739K-7% 990 PDF
FY2020 $789K$661K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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