Middlesex Coalition INC FY2020 filing

Not tax-deductible

Burlington, MA501(c)(6)Community Development EIN 45-5094277Revenue $349K in FY2020

On file with the IRS7 New England Executive Park, 01803-0000 · Burlington, MATax-exempt since Feb 2020

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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.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
16¢ of each $1 spent went to programs.
$120K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $39K a year · 6% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
16%
of spending
Concern: 16% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$120K
to officers and key staff · 39% of spending
Concern: pay to officers and key staff is 39% of spending; over 30%.
Pt VII · Sec A
12 mo
of spending, in cash
Looks good: 12.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 19 voting members
Concern: none of 19 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$349K
Spent
$307K
To programs
16%
Net assets
$316K
By yearFY2020–FY2024
Revenue
$349K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$349K
FY2021$478K
FY2022$1.2M
FY2023$718K
FY2024$502K
Expenses
$307K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$307K
FY2021$426K
FY2022$1.0M
FY2023$712K
FY2024$551K
Net assets
$316K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$316K
FY2021$368K
FY2022$514K
FY2023$520K
FY2024$471K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2015-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Feb 2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

16 cents of each dollar spent went to programs.

Program services 16% · $50K Management & general 84% · $257K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

24 people listed on the 990; $120K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$120,000Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Stephanie Cronin’s $154K as Executive Dir. is at the 92nd percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Stephanie Cronin$154,413$141,710$139,075$132,742$120,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Middlesex Coalition INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes economic development and cooperation along the Route 3 corridor in Middlesex County.

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Provided by the organization

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1 program · $50K · in their own filed words · FY2020
01

Facilitate economic development along route 3 corridor in middlesex county massachusetts and to develop and coordinate cooperation and communication amongst neighboring communities.

$50Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2019
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$349K
Ln 12
Gifts and grantsLn 1h$348K
Investment incomeLn 3$222
Money outPt IX
$307K
Ln 25
Programscol B$50K
Managementcol C$257K
Owns and owesPt X
$316K
net assets · Ln 32
Cash and savingsLn 1–2$316K
Total assetsLn 16$316K
LiabilitiesLn 26$0
PeoplePt VI, VII
24
listed · VII A
PaidVII A1
Voting boardVI 1a19
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$348K
Government grantsLn 1e$118K
Investment incomeLn 3$222
Gains on assetsLn 7$0
Total revenueLn 12$349K
Assets in detailPt X, end of year
CashLn 1$290K
SavingsLn 2$25K
Cash and savings togetherLn 1–2$316K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$316K
LiabilitiesLn 26$0
Net assetsLn 32$316K
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$274K$316K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$274K$316K
LiabilitiesLn 26$0$0
Net assetsLn 32$274K$316K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$120K$120K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$30K$30K
Other employee benefitsLn 9$0
Payroll taxesLn 10$10K$10K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$73K$73K
Office expensesLn 13$8K$8K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$6K$6K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$58K$50K$9K
All other expensesLn 24e$0
Total functional expensesLn 25$307K$50K$257K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $502K$551K−$49K$471K 990 PDF
FY2023 $718K$712K$5K$520K 990 PDF
FY2022 $1.2M$1.0M$146K$514K 990 PDF
FY2021 $478K$426K$52K$368K 990 PDF
FY2020 Viewing $349K$307K$41K$316K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $348,534 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $423,612$348,312
I-9 Program service revenue$0
I-10 Investment incomePrior year $76$222
I-11 Other revenue$0
I-12 Total revenuePrior year $423,688$348,534
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $149,400$159,614
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $242,714$147,427
I-18 Total expensesPrior year $392,114$307,041
I-19 Revenue less expensesPrior year $31,574$41,493
Part VI · Governance 0 of 19 board members independent, 4 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $348,534 across 10 lines filed
VIII-1b Membership dues$205,503
VIII-1e Government grants$118,500
VIII-1f All other contributions, gifts and grants$24,309
VIII-1h Total contributions, gifts and grants$348,312
VIII-3 Investment incomeRelated to mission $222$222
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $222$348,534
Part IX · Statement of functional expenses $307,041 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $120,000$120,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributionsManagement $30,000$30,000
IX-9 Other employee benefits$0
IX-10 Payroll taxesManagement $9,614$9,614
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotionManagement $73,348$73,348
IX-13 Office expensesManagement $8,043$8,043
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyManagement $6,000$6,000
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $1,722$1,722
IX-24 Other expenses (24a–d)Programs $49,580 · Management $8,734$58,314
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $49,580 · Management $257,461 · Fundraising $0$307,041
Part X · Balance sheet $315,758 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $249,002$290,273
X-2 Savings and temporary cash investmentsStart of year $25,263$25,485
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $274,265$315,758
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $274,265$315,758
X-32 Total net assets or fund balancesStart of year $274,265$315,758
X-33 Total liabilities and net assetsStart of year $274,265$315,758
Part XI · Reconciliation of net assets $315,758 net assets at year end
XI-1 Total revenue$348,534
XI-2 Total expenses$307,041
XI-3 Revenue less expenses$41,493
XI-4 Net assets at start of year$274,265
XI-10 Net assets at end of year$315,758

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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