NEWMARKET BUSINESS IMPROVEMENT DISTRICT INC Charity Report

Public IRS 990 nonprofit record

NEWMARKET BUSINESS IMPROVEMENT DISTRICT INC

EIN 87-4519402 · Community & Neighborhood Development (S20)

What they do

THE PURPOSE of THIS CORPORATION is to DEVELOP, IMPLEMENT, MANAGE, OPERATE, ENHANCE and PROMOTE THE GENERAL WELFARE of THE PEOPLE WITHIN THE DESIGNATED NEWMARKET BUSINESS IMPROVEMENT DISTRICT, THROUGH ACTIVITIES, PROGRAMS, and SERVICES to INCLUDE BUT NOT BE LIMITED to MARKETING, MAINTENANCE, SECURITY, PLANNING and PHYSICAL IMPROVEMENTS to THE DISTRICT ALL BEING SUPPLEMENTAL to THOSE PROVIDED BY THE CITY of BOSTON.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $84.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders23 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

78.18%of revenue went to mission work84.8% of expenses · Program services

3.36%of revenue went to fundraising3.7% of expenses

$92.13spent for every $100 of revenueRevenue covered expenses this year.

10.59%of revenue went to management and office costs11.5% of expenses

$0.63in assets for every $1 spent this yearSome assets cannot be spent right away.

27.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $191,374 for SUSAN SULLIVAN (PRESIDENT/CLERK). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$4,016,355

Mission workProgram services$3,139,83878.18% of revenue84.8% of expenses

ManagementOffice and general costs$425,49310.59% of revenue11.5% of expenses

FundraisingAsking for donations$135,1293.36% of revenue3.7% of expenses

Revenue left after expensesReported annual surplus$315,8957.87% of revenueShown in gray on the chart

Total expenses$3,700,46092.13% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 84.8% mission · 11.5% management · 3.7% fundraisingTotal expenses: 92.13% of revenue

2023Expense mix: 86.8% mission · 9.6% management · 3.6% fundraisingTotal expenses: 97.82% of revenue

2022Expense mix: 88.7% mission · 9.0% management · 2.3% fundraisingTotal expenses: 84.98% of revenue

Money in and money out

Revenue$4,016,355

Expenses$3,700,460

Annual surplus $315,895 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$3,139,838 · 84.8% of expenses

Management and office costs$425,493 · 11.5% of expenses

Fundraising$135,129 · 3.7% of expenses

See all reported dollar amounts

Revenue$4,016,355

Expenses$3,700,460

Assets$2,315,249

Income$4,016,355

Contributions$1,113,895

Mission work (program services)$3,139,838

Fundraising$135,129

Management and general$425,493

Accounting fees$137,334

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

SUSAN SULLIVANPRESIDENT/CLERK · 40 hrs/week $191,374Base $185,361 · Other $6,013

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (23)

SUSAN SULLIVANPRESIDENT/CLERK

MICHAEL FELDMANDIRECTOR

ZACH HAROUTUNIANDIRECTOR

WADE SARRAFDIRECTOR

VALEDA BRITTONVICE CHAIR

STAN WALCZAKDIRECTOR

SARITIN RIZZUTODIRECTOR

RICH FULLAMDIRECTOR

RAY HENNINGSONDIRECTOR

PAUL NEWMANDIRECTOR

PAUL HOLLANDDIRECTOR

MICHAEL ROTHSCHILDCHAIR

ANDREW GRACEDIRECTOR

MANOJ SHINDEDIRECTOR

LINDA DORCENA FORRYDIRECTOR

JOHN MARSTONTREASURER

JOHN FITZGERALDDIRECTOR

JEFF PRANSKYDIRECTOR

GERRY DIPIERRODIRECTOR

FRANK BAKERDIRECTOR

DERYCK REIDDIRECTOR

CHERYL SCHONDEKDIRECTOR

BOB BIGGIODIRECTOR

About this charity

Recognized since: January 2023
Location: 225 SOUTHAMPTON ST, BOSTON, MA 02118-2715
County: Suffolk
In care of: % SUE SULLIVAN
Primary officer: SUSAN SULLIVAN, PRESIDENT/CLERK

How to reach them

WebsiteVisit the charity’s website Emailnba@newmarketboston.org Phone(617) 233-7565

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: COHNREZNICK ADVISORY LLC
NTEE classification: Community & Neighborhood Development (S20)
IRS tax category: Community & Neighborhood Development