QUABOAG VALLEY COMMUNITY DEVELOPMENT CORPORATION: Form 990, tax year 2012
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- Organization
- QUABOAG VALLEY COMMUNITY DEVELOPMENT CORPORATION (EIN 04-3370097)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2013-11-13
- IRS object ID
- 201303179349305020
- Schema version
- 2012v2.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-11-13T13:15:15-08:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRZELAK & KRUSZ PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15 WHITE BIRCH PLAZA | AddressLine1 |
| City | CHICOPEE | City |
| State | MA | State |
| ZIP Code | 01020 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 043370097 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | QUABOAG VALLEY COMMUNITY DEVELOPMENT CORPORATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | QUAB | NameControl |
| Phone | 4139673001 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 23 WEST MAIN STREET | AddressLine1 |
| City | WARE | City |
| State | MA | State |
| ZIP Code | 01082 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SHEILA CUDDY | Name |
| Title | EXECUTIVE DIRECTOR | Title |
| Phone | 4139673001 | Phone |
| Date Signed | 2013-09-24 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ZACHARY A GRZELAK | Name |
| Phone | 4138884615 | Phone |
| Date Prepared | 2013-11-13 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | SHEILA CUDDY | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 23 WEST MAIN STREET | AddressLine1 |
| City | WARE | City |
| State | MA | State |
| ZIP Code | 01082 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 315176 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.qvcdc.com | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1997 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | Economic Improvement of the Quaboag Valley, Massachusetts | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 12 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 12 | NbrIndependentVotingMembers |
| Total Nbr Employees | 9 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 337110 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 266897 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 47967 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 48279 | ProgramServiceRevenueCY |
| Investment Income Current Year | 0 | InvestmentIncomeCurrentYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 385077 | TotalRevenuePriorYear |
| Total Revenue Current Year | 315176 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 122637 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 196693 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 86006 | OtherExpensePriorYear |
| Other Expenses Current Year | 136993 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 208643 | TotalExpensesPriorYear |
| Total Expenses Current Year | 333686 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 176434 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -18510 | RevenuesLessExpensesCY |
| Total Assets BOY | 804164 | TotalAssetsBOY |
| Total Assets EOY | 768431 | TotalAssetsEOY |
| Total Liabilities BOY | 447383 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 430160 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 356781 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 338271 | NetAssetsOrFundBalancesEOY |
| Mission Description | Economic Improvement of the | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 267135 | Expense |
| Revenue | 315176 | Revenue |
| Description | ENTREPENEURSHIP, 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. | Description |
| Total Program Service Expense | 267135 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | false | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 5 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 9 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 12 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 12 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | false | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | false | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | SHEILA CUDDY | NamePerson |
| Telephone Number | 4139673001 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 23 WEST MAIN STREET | AddressLine1 |
| City | WARE | City |
| State | MA | State |
| ZIP Code | 01082 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (13 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| JAMES ALGIE | ||||||
| Treasurer | 0.00 | X | X | 0 | 0 | 0 |
| DEBRA CHRISTENSEN | ||||||
| Director | 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 | |
| EDWARD HARRISON | ||||||
| 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 | |
| HARRISON QUIRK | ||||||
| Director | 0.00 | X | 0 | 0 | 0 | |
| STEVE QUINK | ||||||
| Director | 0.00 | X | 0 | 0 | 0 | |
| SUSAN RUTHERFORD | ||||||
| Executive Director through 6/30/2013 | 40.00 | X | 59268 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 59268 | TotalReportableCompFromOrg |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | false | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
| Membership Dues | 540 | MembershipDues |
| Government Grants | 188767 | GovernmentGrants |
| All Other Contributions | 77590 | AllOtherContributions |
| Total Contributions | 266897 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn |
|---|---|---|
| QVBAC Contract | 541610 | 15000 |
| Rental Income | 531120 | 27420 |
| Training Fees | 611420 | 5859 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 48279 | TotalProgramServiceRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 315176 | TotalRevenueColumn |
| Related Or Exempt Function Income | 48279 | RelatedOrExemptFunctionIncome |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 58223 | Total |
| Program Services | 58223 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 117888 | Total |
| Program Services | 117888 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3564 | Total |
| Program Services | 3564 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17018 | Total |
| Program Services | 17018 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5300 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 5300 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3022 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 3022 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4105 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 4105 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2200 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 2200 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1120 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 1120 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6243 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 6243 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11638 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 11638 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9327 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 9327 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Real Estate Taxes | 1746 | 0 | 1746 | 0 |
| Business Program Consultant | 7827 | 7827 | 0 | 0 |
| Computer Training Program | 3704 | 3704 | 0 | 0 |
| MA TECH COLLABORATIVE | 20994 | 20994 | 0 | 0 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 59767 | Total |
| Program Services | 37917 | ProgramServices |
| Management And General | 21850 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 333686 | Total |
| Program Services | 267135 | ProgramServices |
| Management And General | 66551 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22816 | BOY |
| EOY | 9332 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16174 | BOY |
| EOY | 43834 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 280500 | BOY |
| EOY | 225559 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3314 | BOY |
| EOY | 40768 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1515 | BOY |
| EOY | 1594 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 526848 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 79504 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 440187 | BOY |
| EOY | 447344 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39658 | BOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 804164 | BOY |
| EOY | 768431 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14172 | BOY |
| EOY | 28359 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 150000 | BOY |
| EOY | 126379 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 283211 | BOY |
| EOY | 275422 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 447383 | BOY |
| EOY | 430160 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -26686 | BOY |
| EOY | 75871 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 383467 | BOY |
| EOY | 262400 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 356781 | BOY |
| EOY | 338271 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 804164 | BOY |
| EOY | 768431 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -18510 | ReconcilationRevenueExpenses |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 171873 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 74786 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 176956 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 337110 | CurrentTaxYearMinus1Year |
| Current Tax Year | 266897 | CurrentTaxYear |
| Total | 1027622 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 171873 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 74786 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 176956 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 337110 | CurrentTaxYearMinus1Year |
| Current Tax Year | 266897 | CurrentTaxYear |
| Total | 1027622 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 1027622 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 26498 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 27780 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 28260 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 28760 | CurrentTaxYearMinus1Year |
| Current Tax Year | 27420 | CurrentTaxYear |
| Total | 138718 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 121997 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 116786 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 20445 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 19207 | CurrentTaxYearMinus1Year |
| Current Tax Year | 20859 | CurrentTaxYear |
| Total | 299294 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 1465634 | TotalSupport |
| Public Support Pertcentage170 | 0.70110 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 1.00000 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
| Public Support Total509 | 0 | PublicSupportTotal509 |
| Public Support Percentage509 | 0 | PublicSupportPercentage509 |
| Investment Income Percentage | 0 | InvestmentIncomePercentage |
| Facts And Circumstances Test | OTHER INCOME PART II, LINE 10; DESCRIPTION: QVBAC CONTRACT REVENUE; 2008: 102857.; 2009: 76772.; 2010: 12000.; 2011: 12000.; 2012: 15000.; DESCRIPTION: TRAINING FEES; 2008: 19140.; 2009: 40014.; 2010: 8445.; 2011: 7207.; 2012: 5859.; | FactsAndCircumstancesTest |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 102026 | OtherCostOrOtherBasis |
| Book Value | 102026 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 377815 | OtherCostOrOtherBasis |
| Depreciation | 45223 | Depreciation |
| Book Value | 332592 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 30644 | OtherCostOrOtherBasis |
| Depreciation | 28220 | Depreciation |
| Book Value | 2424 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 16363 | OtherCostOrOtherBasis |
| Depreciation | 6061 | Depreciation |
| Book Value | 10302 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 447344 | TotalOfBookValueLandBuildings |
| Tot Revenue Etc Audited Fincl Stmt | 315176 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 315176 | RevenueSubtotal |
| Total Revenue Per Form990 | 315176 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 333686 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 333686 | ExpensesSubtotal |
| Total Expenses Per Form990 | 333686 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | 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, 2009. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| 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 reviews government filings |
| Pt VI, Line 2 | Ronald and Debra Christensen-Family relationship |
| Pt VI, Line 7a | Need information |
| Pt VI, Line 6 | Need information |
| Form 990, Part IX, Line 24f | REPAIRS AND MAINTENANCE 6554. 0. 6554. 0. UTILITIES 5685. 0. 5685. 0. PRINTING AND POSTAGE 3020. 0. 3020. 0. TELEPHONE 3076. 0. 3076. 0. DUES AND SUBSCRIPTIONS 1483. 0. 1483. 0. PAYROLL SERVICE 1349. 0. 1349. 0. BANK AND CREDIT CARD FEES 1207. 1017. 190. 0. CDFI PROGRAM EXPENSES 7341. 7341. 0. 0. HARDWICK MILL PROJECT 386. 386. 0. 0. SOFTWARE 493. 0. 493. 0. COMPUTER SOFTWARE AND MATERIALS 10378. 10378. 0. 0. ALLOCATION OF BUILDING IMPROVEMENTS TO QVBAC 18795. 18795. 0. 0. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 23 WEST MAIN STREET SUITE 1 | AddressLine1 |
| City | WARE | City |
| State | MA | State |
| ZIP Code | 01082 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 043268142 | EIN |
| Primary Activities | Lending capital to local businesses | PrimaryActivities |
| Legal Domicile State | MA | LegalDomicileState |
| Exempt Code Section | 501(c)3 | ExemptCodeSection |
| Public Charity Status | 170(b)(1)(A)(ii) | PublicCharityStatus |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | true | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | false | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | true | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | true | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | true | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (4 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION | ||
| l | 15000 | CONTRACT |
| QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION | ||
| r | 18795 | INVOICES |
| QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION | ||
| d | 182998 | LOAN STATEMENTS |
| QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION | ||
| q | 67829 | Grant Related Invoices |
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