2023-08-01T07:49:53-05:00 2022-06-30 431985162 SMITH SULLIVAN & BROWN PC 80 FLANDERS ROAD - SUITE 302 WESTBOROUGH MA 01581 990 2022-02-02 874789167 WESTERN AVENUE COMMUNITY FOR THE ARTS INC WEST 6173507600 15 CHANNEL CENTER 103 BOSTON MA 02210 JAMES GRACE EXECUTIVE DIRECTOR 6173507600 2023-08-01 1 JAMES GRACE 999009999 0 SANDRA M BROWN CPA P01614103 5088717178 2023-07-25 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X JAMES BUZA 15 CHANNEL CENTER 103 BOSTON MA 02210 2952079 0 X WWW.ARTSANDBUSINESSCOUNCIL.ORG X 2022 MA THE CORPORATION'S PRIMARY PURPOSE IS TO CREATE THRIVING ECOSYSTEMS THAT SUPPORT THE ARTS, CULTURE AND COMMUNITIES THROUGH THE DEVELOPMENT AND STEWARDSHIP OF PROGRAMS, SERVICES AND ADVOCACY WITH A FOCUS ON AFFORDABLE ARTIST WORK, LIVE/WORK AND COMMUNITY SPACES AND OTHER MAKER SPACES WHERE WORK CAN BE CREATED, REHEARSED, AND PRESENTED. 5 5 0 0 0 0 2213330 0 45 738704 2952079 0 0 48406 0 0 667379 715785 2236294 21021482 18785188 2236294 X THE CORPORATION'S PRIMARY PURPOSE IS TO CREATE THRIVING ECOSYSTEMS THAT SUPPORT THE ARTS, CULTURE AND COMMUNITIES THROUGH THE DEVELOPMENT AND STEWARDSHIP OF PROGRAMS, SERVICES AND ADVOCACY WITH A FOCUS ON AFFORDABLE ARTIST WORK, LIVE/WORK AND COMMUNITY SPACES AND OTHER MAKER SPACES WHERE WORK CAN BE CREATED, REHEARSED, AND PRESENTED. 0 0 715785 0 721125 IN MARCH 2022, WACA PURCHASED WESTERN AVENUE STUDIOS AND LOFTS IN LOWELL MASSACHUSETTS, A MIXED-USE CONDOMINIUM PROPERTY WHICH IS PRIMARILY COMPRISED OF 250 WORK-ONLY ARTIST STUDIO SPACES IN THREE BUILDINGS AND 50 LIVE/WORK STUDIOS IN A FOURTH BUILDING. WACA'S INTEREST IN THE CONDOMINIUM IS FOUR UNITS OF A FIVE-UNIT PROPERTY, REPRESENTING AN UNDIVIDED 92% COMBINED PERCENTAGE INTEREST OF THE ENTIRETY OF THE PROPERTY.WACA IS AN EXAMPLE CREATIVE CAMPUS INITIATIVE WITH A MISSION TO CREATE THRIVING ECOSYSTEMS THAT SUPPORT THE ARTS, CULTURE AND COMMUNITIES THROUGH THE DEVELOPMENT AND STEWARDSHIP OF PROGRAMS, SERVICES AND ADVOCACY WITH A FOCUS ON AFFORDABLE ARTIST WORK, LIVE/WORK AND COMMUNITY SPACES AND OTHER MAKER SPACES WHERE WORK CAN BE CREATED, REHEARSED, AND PRESENTED. 715785 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X JAMES F GRACE EXECUTIVE DIRECTOR 6173507600 15 CHANNEL CENTER 103 BOSTON MA 02210 X CHERYL TOUGIAS PRESIDENT 1.00 1.00 X X 0 0 0 JAMES BUZA TREASURER 1.00 1.00 X X 0 0 0 AWILDA IRZARRY CLERK 1.00 1.00 X X 0 0 0 JOANNE KALIONTZIS DIRECTOR 1.00 1.00 X 0 0 0 LISA NICKERSON DIRECTOR 1.00 1.00 X 0 0 0 JAMES GRACE EXECUTIVE DIRECTOR 1.00 40.00 X 0 0 0 0 0 0 0 0 0 0 0 2213330 2213330 2213330 45 45 721125 0 721125 721125 721125 OTHER INCOME 900099 17579 17579 17579 2952079 738704 0 45 43098 43098 1089 1089 4219 4219 28476 28476 2638 2638 12061 12061 2161 2161 4115 4115 157925 157925 216251 216251 168165 168165 75587 75587 715785 715785 0 0 783865 6008 20179768 168165 0 20011603 0 220006 0 21021482 67596 79209 18369270 0 269113 0 18785188 X 2236294 0 2236294 0 21021482 2236294 0 X 0 1 X 1 0 X 2213330 2213330 2213330 2213330 0 0 0 2213330 721170 721170 721170 721170 17579 17579 2952079 2952079 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2022 AMOUNT: $ 17,579. FORM 990, SCHEDULE A SHORT YEAR INITIAL FILING FOR PERIOD FEBRUARY 2, 2022 - JUNE 30, 2022 (2022 TAX YEAR) WAS DUE TO ORGANIZATION FORMATION ON FEBRUARY 2, 2022. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20000000 166667 19833333 179768 1498 178270 20011603 DUE TO RELATED ORGANIZATION 37298 TENANT DEPOSITS HELD AND CUSTODIAL FUNDS 231815 269113 X PROPERTY ACQUISITION 1 2213330 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 A&BC/BOSTON IS THE SOLE MEMBER OF WACA, ESTABLISHING WACA AS A SUBSIDIARY. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR AND TREASURER REVIEW THE FORM 990 AND DISTRIBUTE TO THE BOARD OF DIRECTOR FOR THEIR REVIEW PRIOR TO FILING. THE FORM 990 WAS THEN AUTHORIZED AND SIGNED BY THE ORGANIZATION'S EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REQUIRES AN ANNUAL DECLARATION FROM ALL BOARD MEMBERS AND SENIOR MANAGEMENT AS TO THE EXISTENCE AND DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST. THE BOARD MEMBERS SIGN A DISCLOSURE STATEMENT. ANY POTENTIAL CONFLICTS ARE DISCUSSED BY THE DIS-INTERESTED BOARD MEMBERS, WHILE THE PARTY IN POTENTIAL CONFLICT IS REQUIRED TO LEAVE THE ROOM. BOARD MEETING MINUTES WILL DOCUMENT THE DISCUSSION AND DECISION MAKING PROCESS. IN THE EVENT OF A POTENTIAL CONFLICT, PROCEDURES TO OBTAIN COMPETITIVE BIDS AND DILIGENCE ON FAIR MARKET VALUE WILL BE ESTABLISHED. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST ARTS & BUSINESS COUNCIL OF GREATER BOSTON INC 15 CHANNEL CENTER STREET BOSTON MA 02210 223217131 PROVIDE LEGAL/BUSINESS SERVICES, EDUCATIONAL PROGRAM & AFFORDABLE ART SPACES MA 501(C)(3) LINE 7 N/A 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 ARTS & BUSINESS COUNCIL OF GREATER BOSTON INC C 2213330 FMV ARTS & BUSINESS COUNCIL OF GREATER BOSTON INC E 17000000 FMV