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Nonprofiteer
← ASSABET VALLEY IPA INC

Form 990 for tax year 2024

Filed by ASSABET VALLEY IPA INC.

Totals

Total revenue
$41,363
Total expenses
$39,022
Contributions and grants received
$0
Grants paid
$15,000
Program service revenue
$0
Investment income
$41,363
Other revenue
$0
Total assets, end of year
$735,568
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$735,568
Program services expenses (Part IX)
$15,000
Management and general expenses
$24,022
Fundraising expenses
$0
Program service expenses (Part III)
$15,000

Program services were 38.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $41,363 · excluded $41,363

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,000 · program services $15,000

  • 5 · Compensation of officers, directors and key employees

    total $6,500 · management and general $6,500

  • 11c · Fees: accounting

    total $5,500 · management and general $5,500

  • 11f · Fees: investment management

    total $7,946 · management and general $7,946

  • 11g · Fees: other

    total $700 · management and general $700

  • 16 · Occupancy

    total $2,400 · management and general $2,400

  • 23 · Insurance

    total $880 · management and general $880

  • 24a · Other expenses: BANK SERVICE CHARGES

    total $60 · management and general $60

  • 24b · Other expenses: COMMONWEALTH OF MA FILI

    total $36 · management and general $36

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $27,445 · end of year $16,369

  • 2 · Savings and temporary cash investments

    beginning of year $60,950 · end of year $3,311

  • 10a · Land, buildings and equipment: cost or other basis

    $10,135

  • 10b · Land, buildings and equipment: accumulated depreciation

    $10,135

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $612,587 · end of year $715,888

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $700,982 · end of year $735,568

Mission and programs · 2024

Mission

TO PROVIDE FREE MEDICAL EDUCATION ON VARIOUS TOPICS SUCH AS DIABETES, OBESITY AND HYPERTENSION FOR LOCAL DOCTORS, SOCIAL WORKERS, DIETICIANS AND NURSES AND TO CONTINUE TO PROVIDE CONTRIBUTIONS OF MANPOWER AND CASH TO LOCAL HEALTHCARE INITITATIVES.

  • ASSABET VALLEY IPA, INC. HAS SPONSORED EDUCATION CONFERENCES FOR LOCAL DOCTORS, SOCIAL WORKERS, DIETICIANS AND NURSES TO BENEFIT THE LOCAL COMMUNITIES OF MARLBOROUGH, HUDSON, NORTHBOROUGH AND BERLIN.

    Expenses $15,000 · Grants $15,000

As filed on the 2024 return.

Listed in Part VII

  • Dr Arnold Hill MD

    PRESIDENT/TREASURER/CLERK

    Total calculated
    $6,200
    From this org
    $6,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Dr Daniel Carlucci MD

    DIRECTOR

    Total calculated
    $300
    From this org
    $300
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Judith Duffy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Anup Mathur MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202543179349303669

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