2024-05-15T10:30:12-05:00 2023-06-30 111986323 MARCUM LLP 53 STATE STREET BOSTON MA 02109 990 2022-07-01 161658406 495 METROWEST CORRIDOR PARTNERSHIP INC 495M 7747600495 200 FRIBERG PARKWAY 1003 WESTBOROUGH MA 01581 JASON PALITSCH EXECUTIVE DIRECTOR 7747600495 2024-05-15 1 JASON PALITSCH 999009999 1 DOUGLAS FARRINGTON P00370668 6178075000 2024-05-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JASON PALITSCH 200 FRIBERG PARKWAY 1003 WESTBOROUGH MA 01581 427385 0 X WWW.495PARTNERSHIP.ORG X 2003 MA TO PROMOTE ECONOMIC VITALITY AND SUSTAIN NATURAL RESOURCES WHILE ENHANCING THE QUALITY (SEE SCH O) OF LIFE IN THE 495/METROWEST REGION. 48 48 3 71 0 0 980872 267511 47000 158165 0 1709 0 0 1027872 427385 643198 75466 0 0 223042 274556 0 0 0 142552 91486 1008792 441508 19080 -14123 712168 484725 243961 30641 468207 454084 TO PROMOTE ECONOMIC VITALITY AND SUSTAIN NATURAL RESOURCES WHILE ENHANCING THE QUALITY OF LIFE IN THE 495/METROWEST REGION. 0 0 THE PARTNERSHIP, THROUGH A UNIQUE PUBLIC-PRIVATE COLLABORATION WITH BUSINESSES, MUNICIPALITIES, AND OTHER STAKEHOLDERS, IS THE REGIONAL LEADER FOR CREATING AN ENVIRONMENT THAT PREPARES FOR AND CULTIVATES SUSTAINABLE GROWTH. WE ACCOMPLISH THIS BY COORDINATING, EDUCATING, AND ADVOCATING FOR SOLUTIONS TO REGIONAL CONSTRAINTS AND LIMITED NATURAL RESOURCES. 0 1 0 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 3 1 0 0 0 0 0 0 0 0 X 48 48 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X THE ORGANIZATION 7747600495 200 FRIBERG PARKWAY 1003 WESTBOROUGH MA 01581 JIM GIAMMARINARO DIRECTOR (UNTIL 12/2022) 1.00 X 0 0 0 JJ ALBERTS DIRECTOR (UNTIL 12/2022) 1.00 X 0 0 0 BARBARA SAINT ANDRE DIRECTOR (UNTIL 12/2022) 1.00 X 0 0 0 DEREK BRINDISI DIRECTOR (UNTIL 12/2022) 1.00 X 0 0 0 BETSEY FREDERICK DIRECTOR (UNTIL 12/2022) 1.00 X 0 0 0 RACHEL BENSON DIRECTOR 1.00 X 0 0 0 MICHAEL BOYNTON DIRECTOR (FROM 1/2023) 1.00 X 0 0 0 ELLEN CARLUCCI DIRECTOR 1.00 X 0 0 0 GINO CARLUCCI TREASURER 2.00 X X 0 0 0 GREGG CHALK DIRECTOR (FROM 1/2023) 1.00 X 0 0 0 DUNCAN CHAPMAN DIRECTOR 1.00 X 0 0 0 KAREN CHAPMAN DIRECTOR 1.00 X 0 0 0 GEORGE COUTROS DIRECTOR 1.00 X 0 0 0 ASHLEY DAVIES DIRECTOR 1.00 X 0 0 0 MARC DRAISEN DIRECTOR 1.00 X 0 0 0 PAIGE DUNCAN DIRECTOR 1.00 X 0 0 0 MATT DURAND DIRECTOR 1.00 X 0 0 0 CHARLES DWYER CO-BOARD CHAIR 2.00 X X 0 0 0 COURTNEY EATON DIRECTOR (FROM 1/2023) 1.00 X 0 0 0 CHRIS EGAN DIRECTOR 1.00 X 0 0 0 DAN FEENEY DIRECTOR 1.00 X 0 0 0 ALISON FIELD-JUMA DIRECTOR 1.00 X 0 0 0 PAUL FITZGERALD DIRECTOR 1.00 X 0 0 0 DALE HAMEL DIRECTOR 1.00 X 0 0 0 MEREDITH HARRIS DIRECTOR 1.00 X 0 0 0 JAMIE HELLEN DIRECTOR 1.00 X 0 0 0 MICHAEL HERBERT DIRECTOR 1.00 X 0 0 0 STEPHANIE HIRSHON DIRECTOR (FROM 1/2023) 1.00 X 0 0 0 KRISTINA JOHNSON DIRECTOR 1.00 X 0 0 0 CRAIG JOHNSTON DIRECTOR 1.00 X 0 0 0 NORMAN KHUMALO DIRECTOR 1.00 X 0 0 0 KRISTEN LAS CO-BOARD CHAIR 2.00 X X 0 0 0 DON LOWE DIRECTOR 1.00 X 0 0 0 PETER LOWITT DIRECTOR 1.00 X 0 0 0 JOHN MANGIARATTI DIRECTOR 1.00 X 0 0 0 SHELBY MARSHALL DIRECTOR 1.00 X 0 0 0 DAVID MCCAY DIRECTOR 1.00 X 0 0 0 ROBERT NAGI DIRECTOR 1.00 X 0 0 0 BILL NEMSER DIRECTOR 1.00 X 0 0 0 LAURA O'CALLAGHAN DIRECTOR 1.00 X 0 0 0 ATHENA PANDOLF DIRECTOR 1.00 X 0 0 0 JONATHAN PEZZONI DIRECTOR 1.00 X 0 0 0 SARAH RAPOSA DIRECTOR 1.00 X 0 0 0 BETH REYNOLDS DIRECTOR 1.00 X 0 0 0 SARKIS SARKISIAN DIRECTOR (FROM 1/2023) 1.00 X 0 0 0 ROBERT SCHLACTER DIRECTOR 1.00 X 0 0 0 TRISH SETTLES DIRECTOR 1.00 X 0 0 0 ESTELA SHINGLETON DIRECTOR 1.00 X 0 0 0 TAMARA SMALL DIRECTOR 1.00 X 0 0 0 JEREMY SOLOMON DIRECTOR 1.00 X 0 0 0 EMILY VANDEWOESTINE DIRECTOR 1.00 X 0 0 0 LISA VERNEGAARD DIRECTOR 1.00 X 0 0 0 BETH WIERLING DIRECTOR 1.00 X 0 0 0 JASON PALITSCH EXECUTIVE DIRECTOR 40.00 X 116331 0 9368 116331 0 9368 1 0 0 0 0 240466 27045 267511 INVESTOR ASSESSMENTS 900099 134500 134500 PROGRAM SERVICE FEES 900099 23665 23665 158165 1709 1709 427385 158165 0 1709 75466 138137 102181 3210 12039 18989 19638 3080 250 11611 7948 24795 531 7912 635 4692 DUES AND SUBSCRIPTIONS 7894 BAD DEBT 2500 441508 10427 19873 413329 336079 275746 111018 4000 4500 8008 11135 22052 19932 658 2120 712168 484725 228961 30641 15000 0 243961 30641 X 468207 454084 468207 454084 712168 484725 -14123 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 134500 6000 6000 6000 22052 19932 2120 2120 X 441308 16423 -2500 13923 427385 0 427385 455431 16423 16423 439008 2500 2500 441508 PART X, LINE 2: THE FOLLOWING IS AN EXCERPT FROM NOTE 2 OF THE DRAFT FINANCIAL STATEMENTS: THE PARTNERSHIP HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(6). THE PARTNERSHIP IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE PARTNERSHIP IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSE. THE PARTNERSHIP ACCOUNTS FOR UNCERTAIN TAX PROVISIONS UNDER FASB ASC 740, INCOME TAXES, WHICH PROVIDES A FRAMEWORK FOR HOW ENTITIES SHOULD RECOGNIZE, MEASURE, PRESENT, AND DISCLOSE UNCERTAIN TAX POSITIONS IN THEIR FINANCIAL STATEMENTS. THE PARTNERSHIP MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS REVIEWED THE PARTNERSHIP'S REPORTING AND BELIEVES THEY HAVE NOT TAKEN TAX POSITIONS THAT ARE MORE LIKELY THAN NOT TO BE DETERMINED TO BE INCORRECT BY THE IRS AND, THEREFORE, NO ADJUSTMENTS OR DISCLOSURES ARE REQUIRED. THE PARTNERSHIP IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE -2,500. PART XII, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 2,500. 1 TOWN OF ACTON 472 MAIN STREET ACTON MA 01720 TOWN OF ACTON 40000 0 TO ACTIVATE TWO VACANT STOREFRONTS AS POP-UP RETAIL INCUBATORS WITHIN THESE MUNICIPALITIES, FOR USE BY A MIX OF SMALL BUSINESSES, ARTISTS AND/OR MAKERS. TOWN OF MARLBOROUGH 140 MAIN STREET MARLBOROUGH MA 01752 TOWN OF MARLBOROUGH 35466 0 PROVIDE TEMPORARY SPACE VIA CONTAINER/PODS FOR RETAILERS TO UTILIZE DURING THE SPRING, SUMMER AND FALL MONTHS. 2 0 PART I, LINE 2: ALL GRANTS ARE MADE TO GOVERNMENTAL UNITS, AND THEREFORE DO NOT REQUIRE MONITORING. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S EXECUTIVE STEERING COMMITTEE IN ADVANCE OF THE FILING DEADLINE AND THE AS-FILED 990 IS AVAILABLE FOR INSPECTION BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DETAILED IN THE ORGANIZATION'S BYLAWS. BOARD MEMBERS AND OFFICERS ARE REQUIRED TO IMMEDIATELY DISCLOSE ANY CONFLICTS OF INTEREST AND THIS IS MONITORED BY THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION'S CO-CHAIRS EVALUATE THE EXECUTIVE DIRECTOR'S PERFORMANCE OVER THE PREVIOUS YEARS AND THE EXECUTIVE STEERING COMMITTEE DETERMINES THE APPLICABLE SALARY BASED ON THAT REVIEW AND THE COMPARISON OF EXECUTIVE DIRECTOR COMPENSATION AT PEER ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 495METROWEST CORRIDOR PARTNERSHIP CHARITABLE TRUST 200 FRIBERG PKWY STE 1003 WESTBOROUGH MA 015813911 266096747 RESEARCH AND EDUCATION MA 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0