Ebecc Library INC FY2022 filing

East Boston, MA · Supporting organization · Religion

✓ Tax-deductible Latest data FY2022
Revenue
$221K
▲ +9% vs prior year
Spent
$226K
To programs
91%
Net assets
$264K
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
Yes — exemption reinstated (2019-05-15)
Per the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
Not on file
Spent on programs?
91% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +9% vs prior year
Legal name (IRS)Hdr · item CEbecc Library INC
EINHdr · item D83-1121911
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJun 2019
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CEast Boston, MA
NTEE classificationIRS BMFReligion (X19)

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.09
Program services91%$206K
Management & general9%$20K
Total functional expensesLn 25$226K

Financial health

Revenue & expenses by yearFY2020–FY2024
Revenue
$221K
FY2022▲ +9%
Expenses
$226K
FY2022-0.10%
Net inflow
-2%
revenue over expenses, this year
Pass-through gifts
0%
of revenue from contributions
Program spending
91%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$3.9M
FY2022▼ -1%
Total liabilities
$3.6M
FY2022▼ -1%
Revenue less expensesPt I · Ln 19−$5K
Total assetsPt X · Ln 16$3.9M
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Balance Sheet

Part X · end of year
CashLn 1$185K
Total assetsLn 16$3.9M
Total liabilitiesLn 26$3.6M
Total net assetsLn 32$264K
Months of cash on handcomputed9.9

Statement of Revenue

Part VIII
Program service revenue100%$221K
Investment income$95
Other revenue$10
Total revenueLn 12$221K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $185K · Operating expenses/yr $226K
9.9 months
Where the money goes
Program services
Program services $206K · Total expenses $226K
91%
Management & General
Management & general $20K · Total expenses $226K
9%
Fundraising
Fundraising $0 · Total expenses $226K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $41K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $221K
0%
Government reliance
Government grants — · Total revenue $221K
—
Earned-income share
Program service revenue $221K · Total revenue $221K
100%
Investment reliance
Investment income $95 · Total revenue $221K
+0.04%
Program self-sufficiency
Program service revenue $221K · Total expenses $226K
98%
Growth & trend
Revenue growth (YoY)
This year $221K · Prior year $203K
+9%
Net-asset trend (YoY)
End of year $264K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $221K · Expenses $226K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $3.9M
—
Net-asset ratio
Net assets $264K · Total assets $3.9M
7%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.9M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Frank Ramirez · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $226K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $226K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 91%——
Overhead ratio 9%——
Revenue growth 9%——
Legal fee ratio 0%——
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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Ebecc Library INC executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Provides affordable office space to other community service nonprofits.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $206K of program spending, described in the organization's own filed words · FY2022.
01

Raise funds and support the functions of and carry out the purposes of ebcdc, inc. And east boston ecumenical community council, and to be owner of premises located at 280-282 meridian street.

$206Kprogram expense

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Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest $259K$247K+10% 990 PDF
FY2023 $236K$232K+7% 990 PDF
FY2022 Viewing $221K$226K+9% 990 PDF
FY2021 $203K$226K-31% 990 PDF
FY2020 $294K$155K 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
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