2017-05-15T10:26:41-05:00 2016-12-31 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBOROUGH MA 01581 990 2016-01-01 043556884 BOSTON PUBLIC MARKET ASSOCIATION INC BOST 6179734909 PO BOX 130457 BOSTON MA 02113 CHERYL CRONIN CHIEF EXECUTIVE OFFICER 6179734909 2017-05-11 1 JOHN BUCKLEY CPA P00830631 5083669100 2017-05-09 64.197.103.66 2017-05-11 18:01:02 ED P BC5926B0E490F04D1ABA71567B078B8614800D21 CF016DAB02994B8EC4D66A9266E8EAFE379452F1 2016 2021-01-29 14:40:06Z CHERYL CRONIN 12 MARSHALL STREET BOSTON MA 02108 1499109 0 X BOSTONPUBLICMARKET.ORG X 2001 MA SEE SCHEDULE O.OUR MISSION IS TO CONTINUE TO DEVELOP AND OPERATE A PERMANENT YEAR-ROUND MARKET IN BOSTON AND TO SUPPORT THE FARMERS, FISHERS, AND ENTREPRENEURS WHO GROW, CATCH, AND PRODUCE LOCAL FOOD, AND TO NOURISH OUR COMMUNITY WITH FOOD AND EXPERIENCES. 15 15 22 38 0 0 6069081 156182 508235 1256583 0 0 23442 51642 6600758 1464407 0 0 0 0 455633 601680 0 0 86958 855691 1639663 1311324 2241343 5289434 -776936 16204666 14426525 2306370 1305165 13898296 13121360 OUR MISSION IS TO CONTINUE TO DEVELOP AND OPERATE A PERMANENT YEAR-ROUND MARKET IN BOSTON AND TO SUPPORT THE FARMERS, FISHERS, AND ENTREPRENEURS WHO GROW, CATCH, AND PRODUCE LOCAL FOOD, AND TO NOURISH OUR COMMUNITY WITH FOOD AND EXPERIENCES. 0 0 195036 131375 FARMERS MARKETS -IN ADDITION TO THE DEVELOPMENT AND OPERATION OF THE BOSTON PUBLIC MARKET, THE BPMA OPERATES TWO SEASONAL FARMERS MARKETS IN DOWNTOWN BOSTON THAT GIVE OVER 30 LOCAL VENDORS AN URBAN SETTING TO SELL THEIR FOOD PRODUCTS. ALL ELIGIBLE VENDORS AT THE FARMERS MARKET AND IN ADDITION TO THE PERMANENT PUBLIC MARKET ACCEPT WIC, FARMERS MARKET COUPONS, SENIOR COUPONS, AND PARTICIPATE IN OUR EBT/SNAP MATCHING PROGRAM THAT ALLOWS CONSUMERS TO RECEIVE DOUBLE VALUE COUPONS FOR THE FIRST $10 SPENT. FARMERS MARKETS OFFER FREE EDUCATIONAL PROGRAMMING (COOKING DEMONSTRATIONS, COOKBOOK AUTHOR APPEARANCES, HARVEST FESTIVALS, ETC.) FOR BOTH CUSTOMERS AND MEMBERS OF THE COMMUNITY, AND ALLOW RELATED NON-PROFIT ORGANIZATIONS TO COLLABORATE. 1755329 1182370 DEVELOPMENT AND OPERATION OF A PERMANENT MARKET -THE BOSTON PUBLIC MARKET ASSOCIATION, INC. IS THE DEVELOPER ANDOPERATOR OF THE BOSTON PUBLIC MARKET (BPM) THAT OPENED IN JULY 2015.THE BOSTON PUBLIC MARKET ASSOCIATION, INC. INVESTED ADDITIONAL RESOURCES IN MARKETING, DEVELOPMENT, SMALL BUSINESS SUPPORT, AND RENT SUBSIDIES FOR ITS 40 PERMANENT VENDORS. BPMA ALSO OPERATED A SUCCESSFUL SHORT-TERM VENDOR PROGRAM, PROVIDING AN OPPORTUNITY FOR OVER 50 DIFFERENT SMALL FOOD BUSINESSES TO SELL IN THE MARKET ON A WEEKLY BASIS. WITH ALMOST 2 MILLION VISITORS IN 2016, BPMA HAS CONTINUED TO OPERATE THE MARKET AS A PUBLIC, CIVIC SPACE WHERE ALL ARE WELCOME AND EVERY MEMBER OF THE COMMUNITY CAN LEARN MORE ABOUT THE LOCAL FOOD SYSTEM FROM SMALL, INDEPENDENT NEW ENGLAND FOOD BUSINESSES. 1950365 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 22 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X CHERYL CRONIN 6179734909 12 MARSHALL STREET BOSTON MA 02108 BRIAN KINNEY BOARD CHAIR 1.00 X X 0 0 0 DONALD WIEST ESQ VICE CHAIR 1.00 X X 0 0 0 NAVJEET BAL TREASURER AND ASSISTANT CL 1.00 X X 0 0 0 ROBERT TUCHMANN CLERK 1.00 X X 0 0 0 DAVE CLARK DIRECTOR 1.00 X 0 0 0 MARLO FOGELMAN ESQ DIRECTOR 1.00 X 0 0 0 KURT WM HEMR DIRECTOR 1.00 X 0 0 0 LINDA PIZZUTI HENRY DIRECTOR 1.00 X 0 0 0 MARY JO MEISNER DIRECTOR 1.00 X 0 0 0 HILLARY RAYPORT DIRECTOR 1.00 X 0 0 0 JAN SAGLIO DIRECTOR 1.00 X 0 0 0 CHARLES STEELFISHER DIRECTOR 1.00 X 0 0 0 SAM THAKARAR DIRECTOR 1.00 X 0 0 0 YANNI TSIPIS DIRECTOR 1.00 X 0 0 0 CHARLOTTE VENA DIRECTOR 1.00 X 0 0 0 CHERYL CRONIN CEO 40.00 X 147191 0 12394 ELIZABETH MORNINGSTAR CEO THROUGH JAN 2016 40.00 X 7212 0 0 154403 0 12394 1 0 1 0 ALLIANCE SECURITY 85 GARFIELD AVE CRANSTON RI 02920 SECURITY SYSTEM 114520 UG2 LLC 116 HUNTINGTON AVE BOSTON MA 02116 JANITORIAL 109887 2 91071 65111 156182 MARKET RENTAL 900099 1256583 1256583 1256583 14720 91071 20240 -5520 -5520 32991 14462 18529 18529 OTHER INCOME 900099 38633 38633 38633 1464407 1313745 0 -5520 160517 96311 32103 32103 362736 304486 47005 11245 31446 26321 4097 1028 46981 36176 7047 3758 39790 39790 43442 36520 6922 124213 124213 83281 69239 9361 4681 17149 2141 15008 31659 31659 572000 570250 875 875 34774 21491 13283 REPAIR AND MAINTENANCE 475300 468932 6368 MARKET EXPENSES 114620 114620 SUPPLIES 62630 34036 14518 14076 EVENTS 19192 19192 21613 13970 7643 2241343 1950365 204020 86958 2135328 1383864 961164 291241 21045 181071 4287 3832 23297 26298 13366263 826044 13059545 12540219 16204666 14426525 1170207 152609 1000000 1000000 136163 152556 2306370 1305165 X 13319346 12556360 578950 565000 13898296 13121360 16204666 14426525 -776936 0 X X 0 1 X 1 0 X 409981 2661043 6437768 6069081 65111 15642984 409981 2661043 6437768 6069081 65111 15642984 3912700 11730284 15642984 1944255 0.74990 0.75000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12109713 801506 11308207 1256550 24538 1232012 12540219 TENANT SECURITY DEPOSITS 152556 152556 X 1504247 19600 20240 39840 1464407 0 1464407 2281183 19600 20240 39840 2241343 0 2241343 PART X, LINE 2: BOSTON PUBLIC MARKET ASSOCIATION, INC. (BPMA) ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. BPMA HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT DECEMBER 31, 2016. BPMA'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE NET WITH REVENUE 20,240. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE NET WITH REVENUE 20,240. HARVEST PARTY 105791 91071 14720 1500 3082 1650 14008 105791 91071 14720 1500 3082 1650 14008 20240 -5520 1 X 0 0 0 0 0 0 0 0 0 CHERYL CRONIN CEO 147191 0 0 0 0 0 0 0 12394 0 159585 0 0 0 PART I, LINE 3 THE ASSOCIATION USES A WRITTEN EMPLOYMENT CONTRACT TO PROVIDE COMPENSATION INFORMATION TO THE ASSOCIATION'S CHIEF EXECUTIVE OFFICER. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE FINANCE AND AUDIT COMMITTEE AND THEN PRESENTED TO THE BOARD OF DIRECTORS FOR A VOTE OF APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS AND CEO ARE REQUIRED TO ANNUALLY SIGN OFF ON THE POLICY AND LIST ANY POTENTIAL CONFLICTS OF INTEREST THEY MAY HAVE WITH THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS OTHER ORGANIZATIONS OF THE SAME SIZE AND NATURE BEFORE DETERMINING COMPENSATION FOR OFFICERS AND KEY EMPLOYEES. THE CEO HAS AN ANNUAL REVIEW BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 18 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST TO THE ASSOCIATION. FORM 990, PART VI, SECTION C, LINE 19 THESE POLICIES ARE AVAILABLE UPON REQUEST TO THE ASSOCIATION. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A FINANCE AND AUDIT COMMITTEE THAT OVERSEES THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.