Nonprofit · EIN 04-6053292
CABOT BOSTON CREDIT UNION
Tax-exempt · BOSTON, MA 02210
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $231,128 | $399,872 | -$168,744 | $4,851,881 | $3,983,291 | $868,590 |
| December 31, 2023 | 990 | $237,315 | $284,711 | -$47,396 | $6,024,756 | $4,987,422 | $1,037,334 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $153,270
- Investment income
- $75,635
- Other revenue
- $2,223
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $8,583
- Compensation of officers, directors and key employees
- $179,481
- Salaries, compensation and benefits (total)
- $218,867
- Professional fundraising fees
- $0
- Accounting fees
- $4,573
- Travel
- -$535
- Depreciation
- $1,721
- Program services (functional)
- $399,872
Balance sheet and other
- Total assets, start of year
- $6,024,756
- Total assets, end of year
- $4,851,881
- Total liabilities, end of year
- $3,983,291
- Net assets, end of year
- $868,590
- Land, buildings and equipment
- $2,971
- Gross receipts
- $231,128
- Employees
- 0
- Year formed
- 1941
- State of legal domicile
- MA
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Marta A Carney-Smith | Manager - CEO Key employee | 40 | $0 |
| Marybeth Nolan | Assistant Manager Key employee | 40 | $0 |
| Jesson Christosthomme | Vice Chair - Clerk Officer | 2 | $0 |
| Philip H Doiron | Chairman of the Board Officer | 2 | $0 |
| Viktoriya Shteyn-Bohl | Treasurer Officer | 2 | $0 |
| Elizabeth A Berg | Director Trustee or director | 2 | $0 |
| Karen M Bishop | Director Trustee or director | 2 | $0 |
| Gina c Liporto | Director Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Marta A Carney Smith | Manger/CEO Key employee, Highest-paid employee | 36 | $0 |
| Marybeth Nolan | Asst Manager Key employee | 36 | $0 |
| Phil Doirom | President BOD Officer | 5 | $0 |
| Karen Bishop | Director Trustee or director | 5 | $0 |
| Jesson Christhomme | Secretary/Clerk Officer | 5 | $0 |
| Viktoria Shyten-Bohl | Treasurer Officer | 5 | $0 |
| Gina Liporto | Director Trustee or director | 5 | $0 |
| Elizabeth Berg | Director Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 2 SEAPORT LN STE 1300, BOSTON, MA 02210-2058
- Principal officer (990 for 2024)
- Marta A Carney-Smith, Two Seaport Lane Suite 1400, Boston, MA 022102019
- Signed the 990
- Marta A Carney-Smith, Manager - CEO
- Phone
- (617) 342-6154
- Website
- https://www.cbcu.com
Mission
CBCU is a not-for-profit small financial institution serving employees of Cabot Corporation US and their families. CBCU was chartered in 1941 as a state chartered credit union that is federally insured by NCUA and also MSIC to provide low-cost products and services to its members.
Program accomplishments
- Dividends paid to membersExpenses $8,583
- Educational, Promotional & Loan Servicing ExpenseExpenses $3,502
- Member Online services including Core ProcessingExpenses $29,043
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-6053292
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1944
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,851,881
- Income (IRS master file)
- $231,128
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $231,128 | $399,872 | $4,851,881 | XML |
| 990 | December 2023 | $237,315 | $284,711 | $6,024,756 | XML |
| 990 | December 2022 | $177,652 | $235,383 | $6,847,602 | IRS |
| 990 | December 2021 | $226,466 | $235,185 | $7,207,959 | IRS |
| 990 | December 2020 | – | – | – | IRS |
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 04-6053292).
Questions about CABOT BOSTON CREDIT UNION
- What is the EIN of CABOT BOSTON CREDIT UNION?
- The employer identification number (EIN) of CABOT BOSTON CREDIT UNION is 04-6053292.
- Is CABOT BOSTON CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1944.
- Are donations to CABOT BOSTON CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CABOT BOSTON CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CABOT BOSTON CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CABOT BOSTON CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CABOT BOSTON CREDIT UNION?
- The 990 for the year ended December 31, 2024 names Marta A Carney-Smith.
- Who are the officers and directors of CABOT BOSTON CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does CABOT BOSTON CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $231,128, expenses of $399,872 and total assets of $4,851,881 at year end.
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