Initiative For A New Economy Inc in Boston, Massachusetts (MA)
Table of contents:
| Initiative For A New Economy Inc | |
| Employer Identification Number (EIN) | 204361451 |
| Name of Organization | Initiative For A New Economy Inc |
| In Care of Name | PAUL GUZZI |
| Address | 265 Franklin Street 12th Floor, Boston, MA 02110 |
| Website | N/A |
| Subsection | Educational Organization |
| Ruling Date | 02/2007 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 2012 |
| Assets | $100,000 to $499,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $355,429 |
| Amount of Income | $767,671 |
| Form 990 Revenue Amount | $563,493 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Business and Industry |
Non-representatives - add comments:
Amount of income in 2012: $767,671 (it was $530,528 in 2011)
| This organization: | $767,671 |
| Other organizations performing similar types of work: | $85,710 |
Assets in 2012: $355,429 (it was $31,992 in 2011)
| This organization: | $355,429 |
| Other organizations performing similar types of work: | $49,958 |
Expenses in 2011: $563,200
| Initiative For A New Economy Inc: | $563,200 |
| Other organizations performing similar types of work: | $75,630 |
Income to expenses ratio in 2011: 1.4
| Initiative For A New Economy Inc: | 1.4 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2011: 100.0%
| Initiative For A New Economy Inc: | 100.0% |
| Other organizations performing similar types of work: | 0.0% |
Revenue for 2011
Functional expenses for 2011
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2011) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2011) | |
| Total revenue | $530,528 |
| Contributions, Gifts, Grants and Other Similar Amounts | $530,453 |
| Program Service Revenue | $0 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $75 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2011) | |
| Total functional expenses | $563,200 |
| Compensation of current officers, directors, trustees, and key employees | $292,158 |
| Other salaries and wages | $148,125 |
| Payroll taxes | $23,452 |
| Professional fundraising services | $0 |
| Other | $99,465 |
| Balance Sheet (for 2011) | |
| Total assets | $31,992 |
| Total liabilities | $7,000 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $7,000 |
| Total net assets or fund balances | $24,992 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2011) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011) | |
| 2007 - 2011 Total | |
|---|---|
| Total Support | $2,731,692 |
| Gifts, grants, contributions, and membership fees received | $2,706,564 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $25,128 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | San Diego Tourism Marketing District | 8880 Rio San Diego Dr Fl 8, San Diego, CA 92108-1642 | CA | 2009-01 | $22,863,655 |
| 2 | Innercity Entrepreneurs Inc | 1milk Street, Boston, MA 02109 | MA | 2008-11 | $1,863,004 |
| 3 | Regional Affiliate Certificate Group Inc | 5 Crystal Pond Rd, Southborough, MA 01772-1758 | MA | 2014-07 | $385,722 |
| 4 | Kendall Square Association | 510 Kendall St, Cambridge, MA 02142-1108 | MA | 2009-07 | $312,256 |
| 5 | Soi Industry Consortium Inc | C/O Soitec Usa 2 Centennial Dr, Peabody, MA 01960 | MA | 2010-04 | $273,566 |
| 6 | Family Business Association Inc | Association Inc 101 Huntington Ave, Boston, MA 02199 | MA | 2011-05 | $217,912 |
| 7 | Western Mass Development Collaborative | 281 State St, Springfield, MA 01103-1997 | MA | 2011-06 | $105,515 |
| 8 | Imc Club International Inc | PO BOX 91, Raynham, MA 02767-0091 | MA | 2010-10 | $97,997 |
| 9 | Massachusetts Brewers Guild | 306 Northern Ave, Boston, MA 02210 | MA | 2008-06 | $73,615 |
| 10 | Seaport Gloucester Destination Marketing Organization, Dba Discover Gloucester | PO BOX 6103, Gloucester, MA 01930-6103 | MA | 2011-05 | $65,034 |
| 11 | Working Massachusetts Tr Fund, Maureen Marfione Ttee | 389 Main Street, Malden, MA 02148-5017 | MA | 2010-10 | $56,283 |
| 12 | Cape Cod Antique Dealers Association Inc | PO BOX 335, Eastham, MA 02642-0335 | MA | 2013-02 | $40,706 |
| 13 | Hingham Farmers Market Inc | 24 Central Street, Hingham, MA 02043 | MA | 2014-10 | $24,924 |
| 14 | Society Of Concurrent Product Development Inc | PO BOX 68, Dedham, MA 02027-0068 | MA | 2003-01 | $7,127 |
| 15 | Apdex Alliance Inc | 48 Orchard Drive, Stow, MA 01775 | MA | 2013-01 | $0 |
| 16 | Association Of Sewing And Design Professionals Inc | 41 Birch Drive, Sterling, MA 01564 | MA | 1993-12 | $0 |
| 17 | Berkshire Business Roundtable Inc | 28 North Street 3rd Floor, Pittsfield, MA 01201 | MA | 2000-07 | $0 |
| 18 | Boston Hotel Coalition Inc | 155 Seaport Blvd, Boston, MA 02210-2698 | MA | 2005-03 | $0 |
| 19 | Business Ethics Foundation Incorporated | 150 Buckminster Board, Brookline, MA 02445-5806 | MA | 1996-11 | $0 |
| 20 | Cape Cod Networking Group | 58 Redberry Ln, Marstons Mls, MA 02648-1083 | MA | 2015-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,306 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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