New England Chapter EIN 45-5135357

New England Chapter

EIN  45-5135357 Business league / trade association New York, NY
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Connects corporate real estate and infrastructure professionals to advance knowledge and add value.
Leadership
Adam Fandrey · President
Money in and out
$784K revenue, $935K expenses
Bottom line
-19% operating surplus

Connects corporate real estate and infrastructure professionals to advance knowledge and add value. For fiscal year 2025 it reported $784K in revenue, $935K in expenses, and $675K in net assets.Pt I

Membership & operating revenue · FY2025
Total revenue
$784K
Pt VIII · Ln 12
Total expenses
$935K
Pt IX · Ln 25
Net assets
$675K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$151K
Where spending went · Part IX cols B–D
Program services $1.00
Operating surplus
-19%
revenue over expenses▼ -250% vs prior filing year
Earned revenue
100%
of revenue from program services & dues0% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$784K
FY2025▼ -8%
Expenses
$935K
FY2025▲ +4%
Total assets
$675K
FY2025▼ -18%
Total liabilities
$0
FY2025
Total revenue
$784K
Pt VIII · Ln 12
Total expenses
$935K
Pt IX · Ln 25
Net assets
$675K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$151K
Total assetsPt X · Ln 16$675K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 320
Independent voting membersPt I · Ln 420
Mission & Programs · Part III

Where the work happens

1 program service account for $935K of program spending, described in the organization's own filed words · FY2024.
01

Facilitating and sponsoring programs that provide members educational and networking opportunities.

$935Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNew England Chapter
EINHdr · item D45-5135357
Principal addressHdr · item CNew York, NY
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFAug 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a20
Independent voting membersPt VI · Ln 1b20
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$0Pt VII · Sec A
President-Elect
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Cheif Talent Officer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See New England Chapter executive salaries →

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Statement of Revenue

Part VIII
Program service revenue100%$784K
Total revenueLn 12$784K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$935K
Total functional expensesLn 25$935K

Balance Sheet

Part X · end of year
CashLn 1$675K
Total assetsLn 16$675K
Total liabilitiesLn 26$0
Total net assetsLn 32$675K
Months of cash on handcomputed8.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $675K · Operating expenses/yr $935K
8.7 months
Where the money goes
Program services
Program services — · Total expenses $935K
Management & General
Management & general — · Total expenses $935K
Fundraising
Fundraising — · Total expenses $935K
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $784K
0%
Government reliance
Government grants — · Total revenue $784K
Earned-income share
Program service revenue $784K · Total revenue $784K
100%
Investment reliance
Investment income $0 · Total revenue $784K
0%
Program self-sufficiency
Program service revenue $784K · Total expenses $935K
84%
Growth & trend
Revenue growth (YoY)
This year $784K · Prior year $852K
-8%
Revenue CAGR
FY2019 $1.0M · FY2024 $784K
-5%
Net-asset trend (YoY)
End of year $675K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $784K · Expenses $935K
-19%
Liabilities-to-Assets
Total liabilities — · Total assets $675K
Net-asset ratio
Net assets $675K · Total assets $675K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $675K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Adam Fandrey · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $935K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $935K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Revenue growth -8%
Accounting fee ratio 2%

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.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$784K revenue · viewing · ⤓ 990 PDF
FY2024$852K revenue · ⤓ 990 PDF
FY2023$412K revenue · ⤓ 990 PDF
FY2022$449K revenue · ⤓ 990 PDF
FY2021$337K revenue · ⤓ 990 PDF
FY2020$1.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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