2016-11-17T12:25:48-08:00 2016-06-30 GRZELAK GRZELAK AND ASSOCIATES PC 319 MEADOW STREET CHICOPEE MA 01013 990 2015-07-01 043370097 Quaboag Valley Community Development Corporation QUAB 4139673001 23 West Main Street Ware MA 01082 SHEILA CUDDY EXECUTIVE DIRECTOR 4139673001 2016-10-26 true ANTHONY R KRUSZ CPA 4134378438 2016-11-17 2015 2017-02-10 21:41:12Z X SHEILA CUDDY 23 West Main Street Ware MA 01082 539891 false X www.qvcdc.org X 1997 MA Economic Improvement of the Quaboag Valley, Massachusetts 13 13 16 15 0 332517 492469 48957 47422 0 0 381474 539891 0 0 205371 268900 0 0 213298 207118 418669 476018 -37195 63873 721598 876923 294398 313250 427200 563673 Economic Improvement of the false false 377435 539891 ENTREPRENEURSHIP, 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. 377435 true true false false false false false false false false true false false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 11 0 16 true false false false false false false false false false false X 13 13 true false false false true true false true true false false false true true true true true true false false MA X X SHEILA CUDDY 4139673001 23 West Main Street Ware MA 01082 ED HARRISON Vice President 0.00 X X 0 0 0 DEBRA CHRISTENSEN Treasurer 0.00 X 0 0 0 RONALD CHRISTENSEN Clerk 0.00 X X 0 0 0 ALICE DAVEY Director 0.00 X 0 0 0 JUDITH GILLAN Director 0.00 X 0 0 0 CAROLYN HALEY Director 0.00 X 0 0 0 KRISTA WILSON Director 0.00 X 0 0 0 VINCENT MCCAUGHEY President 0.00 X X 0 0 0 GLENN MERKEL Director 0.00 X 0 0 0 STEPHEN QUINK Director 0.00 X 0 0 0 RICK EGAN Director 0.00 X 0 0 0 ROBERT BOTTOMLEY Director 0.00 X 0 0 0 JAMES ALGIE Director 0.00 X 0 0 0 SHEILA CUDDY Executive Director 40.00 X 56576 0 0 56576 false false false 560 283251 208658 492469 QVBAC Contract 541610 15000 Rental Income 531120 29160 Training Fees 611420 2533 Book Sales, etc. 611420 729 47422 539891 47422 56576 56576 0 0 181817 181817 0 0 8115 8115 0 0 22392 22392 0 0 0 0 0 0 5790 0 5790 0 4561 0 4561 0 6401 0 6401 0 1500 0 1500 0 5101 0 5101 0 7138 0 7138 0 17886 0 17886 0 12212 0 12212 0 Real Estate Taxes 1696 0 1696 0 Business Development Services 27086 27086 0 0 Workforce Training 18357 18357 0 0 99390 63092 36298 0 476018 377435 98583 0 17730 55002 206762 272435 72600 39261 28065 1770 2247 1621 6710 557750 117886 454454 439864 721598 876923 33390 59767 261008 253483 294398 313250 X 337000 406454 90200 157219 427200 563673 721598 876923 63873 72600 X false true X true false X 337110 266897 328272 332517 492469 1757265 337110 266897 328272 332517 492469 1757265 1757265 28760 27420 28860 28770 29889 143699 19207 20859 16427 18063 17533 92089 1993053 0.88170 0.85880 X 0 0 0 Pt II Ln 10 Other 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 102026 102026 379277 73607 305670 60085 34582 25503 16362 9697 6665 439864 X 619091 79200 79200 539891 539891 482618 6600 6600 476018 476018 Pt X, Line 2 PROFESSIONAL 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. Pt VI, Line 12c Ongoing communications and review Pt VI, Line 15a Compensation determined by board of directors Pt VI, Line 19 Available upon request Pt VI, Line 11b Executive director,Audit Committee Chairperson, President and Clerk reviews government filings Pt VI, Line 2 Ronald and Debra Christensen-Family relationship Pt VI, Line 7a Per the bylaws on membership Pt VI, Line 6 Members Form 990, Part IX, Line 24e Loan Program Expenses 38860. 38860. 0. 0. Form 990, Part IX, Line 24e Financial Fitness 12375. 12375. 0. 0. Form 990, Part IX, Line 24e Municipal Projects 11857. 11857. 0. 0. Form 990, Part IX, Line 24e Bank and Credit Card Fees 50. 0. 50. 0. Form 990, Part IX, Line 24e Dues and Subscriptions 2940. 0. 2940. 0. Form 990, Part IX, Line 24e Miscellaneous 1416. 0. 1416. 0. Form 990, Part IX, Line 24e Payroll Service 1793. 0. 1793. 0. Form 990, Part IX, Line 24e Printing And Postage 2222. 0. 2222. 0. Form 990, Part IX, Line 24e Repairs and Maintenance 12484. 0. 12484. 0. Form 990, Part IX, Line 24e Software 1129. 0. 1129. 0. Form 990, Part IX, Line 24e Telephone 2733. 0. 2733. 0. Form 990, Part IX, Line 24e Utilities 11531. 0. 11531. 0. Quaboag Valley Business Assistance Corporation 23 West Main Street Suite 1 Ware MA 01082 043268142 Lending capital to local businesses MA 501(c)3 170(b)(1)(A)(ii) false false false true false false false false false false false true false false false false true false false QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION l 15000 CONTRACT QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION d 16562 LOAN STATEMENTS QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION q 117211 Grant Related Invoices