2025-03-18T15:46:57-05:00 2024-12-31 203985546 JOHNSON O'CONNOR FERON & CARUCCI LLP 101 EDGEWATER DRIVE SUITE 210 WAKEFIELD MA 01880 990 2024-01-01 042647383 HARVARD SQUARE BUSINESS ASSOCIATION HARV 6174913434 18 BRATTLE STREET 352 CAMBRIDGE MA 02138 MARY-CATHERINE DEIBEL PRESIDENT 6174913434 2025-03-09 1 0 JOSEPH GISO P00030126 7819143400 2025-03-09 2024 2025-03-06 01:10:19Z MARY-CATHERINE DEIBEL 18 BRATTLE STREET 352 CAMBRIDGE MA 02138 687657 0 X WWW.HARVARDSQUARE.COM X 1936 MA TO ADVANCE THE COMMERCIAL, INDUSTRIAL AND PUBLIC INTERESTS OF HARVARD SQUARE, TO PROMOTE A COMMERCIAL EXCHANGE, TO ACCUMULATE AND GIVE TO ITS MEMBERS BUSINESS INFORMATION, TO ADJUST CONTROVERSIES AND MISUNDERSTANDINGS, TO ESTABLISH AND MAINTAIN UNIFORMITY IN COMMERCIAL TRANSACTIONS, AND TO PROMOTE JUST AND EQUITABLE PRINCIPLES OF TRADE 24 24 3 25 0 0 629487 626590 0 0 3942 4317 -44008 -20947 589421 609960 0 0 0 0 354344 385532 0 0 0 238161 221541 592505 607073 -3084 2887 254861 257748 0 0 254861 257748 X TO ADVANCE THE COMMERCIAL, INDUSTRIAL AND PUBLIC INTERESTS OF HARVARD SQUARE, TO PROMOTE A COMMERCIAL EXCHANGE, TO ACCUMULATE AND GIVE TO ITS MEMBERS BUSINESS INFORMATION, TO ADJUST CONTROVERSIES AND MISUNDERSTANDINGS, TO ESTABLISH AND MAINTAIN UNIFORMITY IN COMMERCIAL TRANSACTIONS, AND TO PROMOTE JUST AND EQUITABLE PRINCIPLES OF TRADE. 0 0 607073 16862 PROGRAM SERVICE ACCOMPLISHMENTS - 2024THIS IS A BRIEF OUTLINE OF OUR MISSION AND A STATEMENT OF JUSTIFICATION FOR OUR THREE LARGEST INCOME/EXPENSE LINE ITEMS. THE HARVARD SQUARE BUSINESS ASSOCIATION WAS FOUNDED IN 1910 FOR THE SOLE PURPOSE OF PROMOTING COMMERCE IN HARVARD SQUARE, WHILE BEING GOOD STEWARDS OF THE SQUARE OVER THE PAST SEVERAL YEARS, WE HAVE ADDED THE TAGLINE, "WHILE BEING GOOD STEWARDS OF THE OUTSIDE SPACE". THERE ARE MANY WAYS TO ACCOMPLISH OUR STATED GOALS. SEVERAL YEARS AGO, IT WAS DETERMINED THAT EXPERIENTIAL MARKETING WAS A METHOD THAT SEEMED TO WORK BEST FOR HARVARD SQUARE. SUBSEQUENTLY, A SERIES OF ANNUAL EVENTS WERE CREATED TO ATTRACT PEOPLE THAT SPANNED THE ENTIRE DEMOGRAPHIC SPECTRUM. ON OCTOBER 4TH, 2024, WE CELEBRATED OUR 45TH ANNUAL OKTOBERFEST CELEBRATION AND GENERATED $ 88.605 IN INCOME AND HAD EXPENSES OF $ 25,128. IT IS ESTIMATED THAT WE HAD ABOUT 35,000 VISITORS DURING THE 6-HOUR PERIOD. OUR HOPE IS THAT PEOPLE OF ALL AGES HAVE A GREAT TIME, VISIT OUR STORES, EAT IN OUR RESTAURANTS AND REMEMBER THE SQUARE FONDLY SO THAT THEY COME BACK AS A FREQUENT VISITOR. WE ALSO HOPE THAT THEY TELL ALL THEIR FRIENDS TO DO THE SAME.THE SQUARE IS STILL ENJOYING A HIGH OCCUPANCY RATE AND OUR MEMBERSHIP CONTINUES TO GROW; WE ARE CURRENTLY ENJOYING A MEMBERSHIP OF STILL OVER 400, OF WHICH, 73% ARE LOCALLY-OWNED INDEPENDENT BUSINESSES. OUR MAJOR EXPENSE FOR 2024 WAS MARKETING EXPENSE OF $76,551 FOR VARIOUS EVENTS IN THE PUBLIC SPACE. OUR EVENTS ARE ALWAYS FREE, OPEN-TO-THE-PUBLIC, FAMILY-FRIENDLY AND WELCOMING TO ALL. OKTOBERFEST WAS OUR THIRD LARGEST EXPENSE AT $25,128. THE MAJOR EXPENSE CATEGORIES ARE TRULY AN INVESTMENT THAT REINFORCES OUR COMMITMENT TO BEING A WELCOMING, CLEAN AND SAFE SPACE FOR ALL OUR VISITORS, NEIGHBORS, STUDENTS AND BUSINESSES AND TO BE GOOD STEWARDS OF THE PUBLIC SPACE. WE ORGANIZED OVER 70 EVENTS IN 2024 THAT WERE FREE, FAMILY-FRIENDLY AND OPEN TO THE PUBLIC THAT TOOK PLACE IN THE OUTSIDE PUBLIC SPACE.IN 2024, WE CONTINUED OUR ADVOCACY FOR INFRASTRUCTURE IMPROVEMENTS BY THE CITY OF CAMBRIDGE. THE HARVARD SQUARE KIOSK RESTORATION PROJECT IS NEARING COMPLETION WITH OCCUPANCY EXPECTED TO TAKE PLACE IN MARCH OF 2025. THE PLAZA RESTORATION PROJECT IS UNDERWAY. THERE ARE TEN PHASES; ONE IS COMPLETE, THE SECOND PHASE IS NEARING COMPLETION AND THE ENTIRE PLAZA AND STREETSCAPE IMPROVEMENTS FOR THIS PROJECT WILL BE COMPLETE IN THE SPRING OF 2026.WE CONTINUE TO SEE NEW BUSINESSES OPEN, MAJOR PRIVATE DEVELOPMENTS ARE IN THE PERMITTING PROCESS AND THE FUTURE IS LOOKING BRIGHT. 607073 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 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 1 8 0 1 3 1 0 0 0 0 0 0 0 0 X 24 24 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DENISE JILLSON 6174913434 18 BRATTLE STREET SUITE 352 CAMBRIDGE MA 02138 JESSICA SCULLEY PRESIDENT 1.00 X X 0 0 0 ASHWIN ACHARYA V.PRESIDENT 1.00 X X 0 0 0 DANIEL ANDREW BODT V.PRESIDENT 1.00 X X 0 0 0 NICK WOLF TREASURER 1.00 X X 0 0 0 MARIA MONTGOMERY TREASURER 1.00 X X 0 0 0 TOD BEATY SECRETARY 1.00 X X 0 0 0 DOMINIC AMENTA DIRECTOR 1.00 X 0 0 0 DIANE CARSON DIRECTOR 1.00 X 0 0 0 BERTIL JEAN-CHRONBERG DIRECTOR 1.00 X 0 0 0 JASON DOO DIRECTOR 1.00 X 0 0 0 GREER GOODMAN DIRECTOR 1.00 X 0 0 0 SUZANNA KRMZIAN DIRECTOR 1.00 X 0 0 0 SARAH MILLER DIRECTOR 1.00 X 0 0 0 MANNY RAMIREZ DIRECTOR 1.00 X 0 0 0 DAN ROUGHAN DIRECTOR 1.00 X 0 0 0 STEVE WELCH DIRECTOR 1.00 X 0 0 0 MARIO CABRERA DIRECTOR 1.00 X 0 0 0 SEAN CARON DIRECTOR 1.00 X 0 0 0 YAMEN CHAKER DIRECTOR 1.00 X 0 0 0 JEREMY COHEN DIRECTOR 1.00 X 0 0 0 TONY CONSENTINO DIRECTOR 1.00 X 0 0 0 SEAN HOPE DIRECTOR 1.00 X 0 0 0 AMY TETREAULT DIRECTOR 1.00 X 0 0 0 NICOLA WILLIAMS DIRECTOR 1.00 X 0 0 0 DENISE A JILLSON EXEC. DIRECTOR 40.00 X 179208 0 0 179208 0 0 1 0 1 0 0 121154 175453 329983 626590 4317 4317 39888 175453 77697 -37809 -37809 INTERNET INCOME 900099 13397 13397 MAPS INCOME 900099 2970 2970 DEFERRED INCOME 900099 495 495 16862 609960 16862 0 -33492 179208 148318 32955 25051 4940 20334 76551 13558 60988 2692 15982 FLOWERS, BANNERS AND BR 15393 ANNUAL MEETING EXPENSE 5904 BANK AND PAYROLL PROCES 3843 MAP EXPENSE 1356 607073 52724 154938 202137 102810 153625 153625 0 0 254861 257748 0 0 0 0 X 0 0 0 0 254861 257748 254861 257748 254861 257748 2887 0 X 0 0 0 0 1 0 151475 151475 0 2150 2150 0 0 OCTOBERFEST 89105 80061 9044 2640 9426 9044 4019 HOLIDAY FAIR 39691 39691 500 500 3 86545 55701 30844 17222 214 30844 3288 215341 175453 39888 20362 10140 39888 7307 77697 -37809 X X 0 0 0 DENISE A JILLSON EXEC. DIRECTOR 179208 0 0 0 0 0 0 0 0 0 179208 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 ALL MEMBERS OF THE BOARD OF DIRECTORS ARE BUSINESS OWNERS OR WORK AT COMPANIES AND ORGANIZATIONS IN HARVARD SQUARE. EACH BOARD MEMBER HAS A VESTED INTEREST IN HARVARD SQUARE. FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURN IS PREPARED BY JOHNSON O'CONNOR FERON & CARUCCI,LLP A PUBLIC ACCOUNTING FIRM AND IS REVIEWED BY THE GOVERNING BODY FOR REASONABLENESS AND MATERIAL OMISSIONS AND ERRORS. FORM 990, PART VI, SECTION B, LINE 12C WHENEVER A DIRECTOR OR OFFICER HAS A FINANCIAL OR PERSONAL INTEREST IN ANY MATTER COMING BEFORE THE BOARD OF DIRECTORS, THE AFFECTED PERSON SHALL (A) FULLY DISCLOSE THE NATURE OF THE INTEREST AND (B) WITHDRAW FROM DISCUSSION, LOBBYING, AND VOTING ON THE MATTER. ANY TRANSACTION OR VOTE INVOLVING A POTENTIAL CONFLICT OF INTEREST SHALL BE APPROVED ONLY WHEN A MAJORITY OF DISINTERESTED DIRECTORS DETERMINE THAT IT IS IN THE BEST INTEREST OF THE ASSOCIATION TO DO SO. THE MINUTES OF MEETINGS AT WHICH SUCH VOTES ARE TAKEN SHALL RECORD SUCH DISCLOSURE, ABSTENTION AND RATIONALE FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 15 THERE IS AN ORAL REVIEW WITH MEMBERS OF THE FINANCE COMMITTEE RELATIVE TO THE RANGE OF AN INCREASE AND BONUS. THE CHAIR OF THE BOARD AND TYPICALLY ONE VICE PRESIDENT MEETS WITH THE EXECUTIVE DIRECTOR TO DISCUSS PERFORMANCE, SET GOALS AND OBJECTIVES AND OVERALL FINANCIAL CONDITION OF THE ASSOCIATION. FOR OTHER EMPLOYEES, THE EXECUTIVE DIRECTOR DISCUSSES WITH CHAIR EACH EMPLOYEES PERFORMANCE, SETS THE SALARY INCREASE AND YEAR-END BONUS. THE EXECUTIVE DIRECTOR DOES AN ORAL AND WRITTEN PERFORMANCE REVIEW WITH EACH STAFF MEMBER. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE HARVARD SQUARE BUSINESS ASSOCIATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST.