Nonprofit · EIN 04-3145152
SAUGUS BUSINESS EDUCATION COLLABORATIVE INC
Tax-exempt · SAUGUS, MA 01906
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-EZ | $3,062 | $6,160 | -$3,098 | $95,135 | $0 | $95,135 |
| June 30, 2024 | 990-EZ | $4,202 | $8,390 | -$4,188 | $101,698 | $0 | $101,698 |
| June 30, 2023 | 990-EZ | $299 | $8,037 | -$7,738 | $105,886 | $0 | $105,886 |
Financial details: 990-EZ for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $350
- Investment income
- $1,182
- Net income from fundraising events
- $1,530
Expenses
- Grants and similar amounts paid
- $579
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $5,581
Balance sheet and other
- Total assets, start of year
- $101,698
- Total assets, end of year
- $95,135
- Total liabilities, end of year
- $0
- Net assets, end of year
- $95,135
- Cash, savings and investments
- $95,135
- Gross receipts
- $6,357
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER ROSSETTI JR | PRESIDENT | 2 | $0 |
| CORINNE RILEY | SECRETARY | 2 | $0 |
| ANTHONY SPEZIALE | TREASURER | 2 | $0 |
| NELSON CHANG | VICE PRESIDENT | 2 | $0 |
| JOHN VASIPOLLI | DIRECTOR | 1 | $0 |
| DEBRA PANETTA | DIRECTOR | 1 | $0 |
| RICHARD MAGNAN | DIRECTOR | 1 | $0 |
| VINCENT SERINO | DIRECTOR | 1 | $0 |
| MICHAEL HASHAM | DIRECTOR | 1 | $0 |
| CARLA SCUZZARELLA | DIRECTOR | 1 | $0 |
990-EZ for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER ROSSETTI Jr | PRESIDENT | 2 | $0 |
| KIM LOVETT | SECRETARY | 2 | $0 |
| ANTHONY SPEZIALE | TREASURER | 2 | $0 |
| NELSON CHANG | VICE PRESIDENT | 2 | $0 |
990-EZ for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER ROSSETTI Jr | PRESIDENT | 2 | $0 |
| KIM LOVETT | SECRETARY | 2 | $0 |
| ANTHONY SPEZIALE | TREASURER | 2 | $0 |
| NELSON CHANG | VICE PRESIDENT | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 38 MAIN STREET, SAUGUS, MA 01906-2356
- In care of
- % ANTHONY SPEZIALE
- Mailing address (990-N for 2018)
- 545 SALEM STREET, WAKEFIELD MA 01880
- Principal officer (990-N for 2018)
- LAWRENCE A SHUMAN, 545 SALEM STREET, WAKEFIELD MA 01880
- Signed the 990-EZ
- ANTHONY SPEZIALE, TREASURER
- Phone
- (781) 233-1855
- Return prepared by
- TAX SHOP & FINANCIAL CENTER
Mission
ASSIST STUDENT-TEACHER SPECIAL PROJECTS
Program accomplishments
- FACULTY AND STUDENT EDUCATION COSTS SUPPLEMENT
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-EZ on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 04-3145152
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1992
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $95,135
- Income (IRS master file)
- $6,357
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | June 2025 | $3,062 | $6,160 | $95,135 | XML |
| 990-EZ | June 2024 | $4,202 | $8,390 | $101,698 | XML |
| 990-EZ | June 2023 | $299 | $8,037 | $105,886 | XML |
| 990-EZ | June 2022 | – | – | – | IRS |
| 990-EZ | June 2021 | – | – | – | IRS |
| 990-N for 2018 Officer: LAWRENCE A SHUMAN | June 30, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3145152).
Questions about SAUGUS BUSINESS EDUCATION COLLABORATIVE INC
- What is the EIN of SAUGUS BUSINESS EDUCATION COLLABORATIVE INC?
- The employer identification number (EIN) of SAUGUS BUSINESS EDUCATION COLLABORATIVE INC is 04-3145152.
- Is SAUGUS BUSINESS EDUCATION COLLABORATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to SAUGUS BUSINESS EDUCATION COLLABORATIVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SAUGUS BUSINESS EDUCATION COLLABORATIVE INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of SAUGUS BUSINESS EDUCATION COLLABORATIVE INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SAUGUS BUSINESS EDUCATION COLLABORATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended June 2025.
- Who is the principal officer of SAUGUS BUSINESS EDUCATION COLLABORATIVE INC?
- The 990-N for 2018 names LAWRENCE A SHUMAN.
- Who are the officers and directors of SAUGUS BUSINESS EDUCATION COLLABORATIVE INC?
- The 990-EZ for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does SAUGUS BUSINESS EDUCATION COLLABORATIVE INC have?
- On its 990-EZ for the year ended June 30, 2025 it reported revenue of $3,062, expenses of $6,160 and total assets of $95,135 at year end.
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