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QUABOAG VALLEY COMMUNITY DEVELOPMENT CORPORATION: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
QUABOAG VALLEY COMMUNITY DEVELOPMENT CORPORATION (EIN 04-3370097)
Tax period
2015-07-01 to 2016-06-30
Filed
2016-11-17
IRS object ID
201623229349300107
Schema version
2015v2.1
Note
A later return for the same period supersedes this one.
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-11-17T12:25:48-08:00ReturnTs
Tax Period End2016-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GRZELAK GRZELAK AND ASSOCIATES PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1319 MEADOW STREETAddressLine1Txt
CityCHICOPEECityNm
State AbbreviationMAStateAbbreviationCd
ZIP01013ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN043370097EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Quaboag Valley Community Development CorporationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlQUABBusinessNameControlTxt
Phone4139673001PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line123 West Main StreetAddressLine1Txt
CityWareCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01082ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSHEILA CUDDYPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone4139673001PhoneNum
Signature2016-10-26SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonANTHONY R KRUSZ CPAPreparerPersonNm
Phone4134378438PhoneNum
Preparation2016-11-17PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Amended ReturnYes (X)AmendedReturnInd
Principal OfficerSHEILA CUDDYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line123 West Main StreetAddressLine1Txt
CityWareCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01082ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$539,891GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.qvcdc.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1997FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionEconomic Improvement of the Quaboag Valley, MassachusettsActivityOrMissionDesc
Voting Members Governing Body13VotingMembersGoverningBodyCnt
Voting Members Independent13VotingMembersIndependentCnt
Total Employee16TotalEmployeeCnt
Total Volunteers15TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$332,517PYContributionsGrantsAmt
CY Contributions Grants$492,469CYContributionsGrantsAmt
PY Program Service Revenue$48,957PYProgramServiceRevenueAmt
CY Program Service Revenue$47,422CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$381,474PYTotalRevenueAmt
CY Total Revenue$539,891CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$205,371PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$268,900CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$213,298PYOtherExpensesAmt
CY Other Expenses$207,118CYOtherExpensesAmt
PY Total Expenses$418,669PYTotalExpensesAmt
CY Total Expenses$476,018CYTotalExpensesAmt
PY Revenues Less Expenses-$37,195PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$63,873CYRevenuesLessExpensesAmt
Total Assets BOY$721,598TotalAssetsBOYAmt
Total Assets EOY$876,923TotalAssetsEOYAmt
Total Liabilities BOY$294,398TotalLiabilitiesBOYAmt
Total Liabilities EOY$313,250TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$427,200NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$563,673NetAssetsOrFundBalancesEOYAmt
MissionEconomic Improvement of theMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$377,435ExpenseAmt
Revenue$539,891RevenueAmt
DescENTREPRENEURSHIP, BUSINESS CONSULTING, AND COMPUTER TRAINING FOR START-UP AND SMALL BUSINESSES IN THE ORGANIZATIONS SERVICE AREA INCLUDING SUPPORT FOR THE SMALL BUSINESS LOAN PROGRAM OF THE QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION. DURING THE CURRENT FISCAL YEAR THE ORGANIZATION RECEIVED A RESTRICTED CONTRIBUTION OF $79,200 FOR A 3 YEAR RENT FREE USE OF PROPERTY LOCATED AT 79 MAIN STREET, WARE, MA TO HOUSE AN EDUCATIONAL TRAINING FACILITY OR OF SIMILIAR USE.Desc
Total Program Service Expenses$377,435TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document11IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee16EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members13GoverningBodyVotingMembersCnt
Independent Voting Member13IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonSHEILA CUDDYPersonNm
Phone4139673001PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line123 West Main StreetAddressLine1Txt
CityWareCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01082ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeInd
ED HARRISON
Vice President0.00Yes (X)Yes (X)$0$0$0
DEBRA CHRISTENSEN
Treasurer0.00Yes (X)$0$0$0
RONALD CHRISTENSEN
Clerk0.00Yes (X)Yes (X)$0$0$0
ALICE DAVEY
Director0.00Yes (X)$0$0$0
JUDITH GILLAN
Director0.00Yes (X)$0$0$0
CAROLYN HALEY
Director0.00Yes (X)$0$0$0
KRISTA WILSON
Director0.00Yes (X)$0$0$0
VINCENT MCCAUGHEY
President0.00Yes (X)Yes (X)$0$0$0
GLENN MERKEL
Director0.00Yes (X)$0$0$0
STEPHEN QUINK
Director0.00Yes (X)$0$0$0
RICK EGAN
Director0.00Yes (X)$0$0$0
ROBERT BOTTOMLEY
Director0.00Yes (X)$0$0$0
JAMES ALGIE
Director0.00Yes (X)$0$0$0
SHEILA CUDDY
Executive Director40.00$56,576$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$56,576TotalReportableCompFromOrgAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Membership Dues$560MembershipDuesAmt
Government Grants$283,251GovernmentGrantsAmt
All Other Contributions$208,658AllOtherContributionsAmt
Total Contributions$492,469TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmt
QVBAC Contract541610$15,000
Rental Income531120$29,160
Training Fees611420$2,533
Book Sales, etc.611420$729
FieldValueIRS element (for citing)
Total Program Service Revenue$47,422TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$539,891TotalRevenueColumnAmt
Related Or Exempt Func Income$47,422RelatedOrExemptFuncIncomeAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$56,576TotalAmt
Program Services$56,576ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$181,817TotalAmt
Program Services$181,817ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$8,115TotalAmt
Program Services$8,115ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$22,392TotalAmt
Program Services$22,392ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$5,790TotalAmt
Program Services$0ProgramServicesAmt
Management And General$5,790ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$4,561TotalAmt
Program Services$0ProgramServicesAmt
Management And General$4,561ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$6,401TotalAmt
Program Services$0ProgramServicesAmt
Management And General$6,401ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$1,500TotalAmt
Program Services$0ProgramServicesAmt
Management And General$1,500ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$5,101TotalAmt
Program Services$0ProgramServicesAmt
Management And General$5,101ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$7,138TotalAmt
Program Services$0ProgramServicesAmt
Management And General$7,138ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$17,886TotalAmt
Program Services$0ProgramServicesAmt
Management And General$17,886ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$12,212TotalAmt
Program Services$0ProgramServicesAmt
Management And General$12,212ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Real Estate Taxes$1,696$0$1,696$0
Business Development Services$27,086$27,086$0$0
Workforce Training$18,357$18,357$0$0

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$99,390TotalAmt
Program Services$63,092ProgramServicesAmt
Management And General$36,298ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$476,018TotalAmt
Program Services$377,435ProgramServicesAmt
Management And General$98,583ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$17,730BOYAmt
EOY$55,002EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$206,762BOYAmt
EOY$272,435EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
EOY$72,600EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$39,261BOYAmt
EOY$28,065EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$1,770BOYAmt
EOY$2,247EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$1,621BOYAmt
EOY$6,710EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$557,750LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$117,886LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$454,454BOYAmt
EOY$439,864EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$721,598BOYAmt
EOY$876,923EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$33,390BOYAmt
EOY$59,767EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$261,008BOYAmt
EOY$253,483EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$294,398BOYAmt
EOY$313,250EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$337,000BOYAmt
EOY$406,454EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$90,200BOYAmt
EOY$157,219EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$427,200BOYAmt
EOY$563,673EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$721,598BOYAmt
EOY$876,923EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$63,873ReconcilationRevenueExpnssAmt
Donated Services And Use Fclts$72,600DonatedServicesAndUseFcltsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$337,110CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$266,897CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$328,272CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$332,517CurrentTaxYearMinus1YearAmt
Current Tax Year$492,469CurrentTaxYearAmt
Total$1,757,265TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$337,110CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$266,897CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$328,272CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$332,517CurrentTaxYearMinus1YearAmt
Current Tax Year$492,469CurrentTaxYearAmt
Total$1,757,265TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$1,757,265PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$28,760CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$27,420CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$28,860CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$28,770CurrentTaxYearMinus1YearAmt
Current Tax Year$29,889CurrentTaxYearAmt
Total$143,699TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$19,207CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$20,859CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$16,427CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$18,063CurrentTaxYearMinus1YearAmt
Current Tax Year$17,533CurrentTaxYearAmt
Total$92,089TotalAmt
FieldValueIRS element (for citing)
Total Support$1,993,053TotalSupportAmt
Public Support CY1700.88170PublicSupportCY170Pct
Public Support PY1700.85880PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind
Public Support Total509$0PublicSupportTotal509Amt
Public Support CY5090PublicSupportCY509Pct
Investment Income CY0InvestmentIncomeCYPct

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePt II Ln 10FormAndLineReferenceDesc
ExplanationOther Income Part II, Line 10 Description: QVBAC Contract Revenue 2011: 12000. 2012: 15000. 2013: 15000. 2014: 15000. 2015: 15000. Description: Training Fees 2011: 7207. 2012: 5859. 2013: 1427. 2014: 3063. 2015: 2533.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$102,026OtherCostOrOtherBasisAmt
Book Value$102,026BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$379,277OtherCostOrOtherBasisAmt
Depreciation$73,607DepreciationAmt
Book Value$305,670BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$60,085OtherCostOrOtherBasisAmt
Depreciation$34,582DepreciationAmt
Book Value$25,503BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$16,362OtherCostOrOtherBasisAmt
Depreciation$9,697DepreciationAmt
Book Value$6,665BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$439,864TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$619,091TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$79,200DonatedServicesAndUseFcltsAmt
Revenue Not Reported$79,200RevenueNotReportedAmt
Revenue Subtotal$539,891RevenueSubtotalAmt
Total Revenue Per Form990$539,891TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$482,618TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$6,600DonatedServicesUseFcltsAmt
Expenses Not Reported$6,600ExpensesNotReportedAmt
Expenses Subtotal$476,018ExpensesSubtotalAmt
Total Expenses Per Form990$476,018TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePt X, Line 2FormAndLineReferenceDesc
ExplanationPROFESSIONAL ACCOUNTING STANDARDS PROVIDE DETAILED GUIDANCE FOR THE FINANCIAL RECOGNITION, MEASUREMENT,AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN AN ENTERPRISE'S FINANCIALSTATEMENTS. THE STANDARDS REQUIRE AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. A TAX POSITION IS DEEMED TO INCLUDE SUCH THINGS AS THE ORGANIZATION'S TAX EXEMPT STATUS. MANAGEMENT HAS EVALUATED SIGNIFICANT TAX POSITIONS AGAINST THE CRITERIA ESTABLISHED BY PROFESSIONAL STANDARDS AND BELIEVES THERE ARE NO SUCH TAX POSITIONS REQUIRING ACCOUNTING RECOGNITION. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR ALL YEARS ENDING ON OR AFTER JUNE 30, 2013.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (19 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Pt VI, Line 12cOngoing communications and review
Pt VI, Line 15aCompensation determined by board of directors
Pt VI, Line 19Available upon request
Pt VI, Line 11bExecutive director,Audit Committee Chairperson, President and Clerk reviews government filings
Pt VI, Line 2Ronald and Debra Christensen-Family relationship
Pt VI, Line 7aPer the bylaws on membership
Pt VI, Line 6Members
Form 990, Part IX, Line 24eLoan Program Expenses 38860. 38860. 0. 0.
Form 990, Part IX, Line 24eFinancial Fitness 12375. 12375. 0. 0.
Form 990, Part IX, Line 24eMunicipal Projects 11857. 11857. 0. 0.
Form 990, Part IX, Line 24eBank and Credit Card Fees 50. 0. 50. 0.
Form 990, Part IX, Line 24eDues and Subscriptions 2940. 0. 2940. 0.
Form 990, Part IX, Line 24eMiscellaneous 1416. 0. 1416. 0.
Form 990, Part IX, Line 24ePayroll Service 1793. 0. 1793. 0.
Form 990, Part IX, Line 24ePrinting And Postage 2222. 0. 2222. 0.
Form 990, Part IX, Line 24eRepairs and Maintenance 12484. 0. 12484. 0.
Form 990, Part IX, Line 24eSoftware 1129. 0. 1129. 0.
Form 990, Part IX, Line 24eTelephone 2733. 0. 2733. 0.
Form 990, Part IX, Line 24eUtilities 11531. 0. 11531. 0.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1Quaboag Valley Business Assistance CorporationBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line123 West Main Street Suite 1AddressLine1Txt
CityWareCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01082ZIPCd
FieldValueIRS element (for citing)
EIN043268142EIN
Primary ActivitiesLending capital to local businessesPrimaryActivitiesTxt
Legal Domicile StateMALegalDomicileStateCd
Exempt Code Section501(c)3ExemptCodeSectionTxt
Public Charity Status170(b)(1)(A)(ii)PublicCharityStatusTxt
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (true)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (true)PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (true)ReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (3 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION
l$15,000CONTRACT
QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION
d$16,562LOAN STATEMENTS
QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION
q$117,211Grant Related Invoices

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