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Nonprofiteer
← MASSACHUSETTS LGBT BUSINESS NETWORK INC

Form 990 for tax year 2022

Filed by MASSACHUSETTS LGBT BUSINESS NETWORK INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 1 October 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$546,098
Total expenses
$298,096
Contributions and grants received
$546,098
Grants paid
$295,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$264,494
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$264,494
Program services expenses (Part IX)
$297,882
Management and general expenses
$214
Fundraising expenses
$0
Program service expenses (Part III)
$297,882

Program services were 99.9% 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.

  • 1f · All other contributions, gifts and grants

    $546,098

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $295,000 · program services $295,000

  • 11g · Fees: other

    total $2,250 · program services $2,250

  • 24a · Other expenses: BANK FEES

    total $632 · program services $632

  • 24b · Other expenses: MA PC FILING FEES

    total $140 · management and general $140

  • 24c · Other expenses: ANNUAL REPORTS

    total $74 · management and general $74

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,492 · end of year $264,494

  • 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 $16,492 · end of year $264,494

Mission and programs · 2022

Mission

THE CORPORATION IS ORGANIZED FOR CHARITABLE PURPOSES, INCLUDING WITHOUT LIMITATION, TO FOSTER THE GROWTH OF LGBT ENTERPRISES, TO PROVIDE AND FOSTER EDUCATIONAL PROGRAMS AND TRAINING, TO STRATEGIZE, ADVISE AND MENTOR THESE ENTERPRISES AND INDIVIDUALS, INCLUDING BY, AMONG OTHER THINGS, DISTRIBUTING GRANTS AND MONIES AND PROVIDING FINANCIAL SUPPORT TO LGBT BUSINESS AND BUSINESSPEOPLE IN AND OUTSIDE THE LGBT COMMUNITY AND WITH FINANCING AND INVESTMENT SOURCES, AND IN OTHER WAYS TO HELP THEM SUCCEED AND FLOURISH. THE CORPORATION BELIEVES THAT ITS CHARITABLE AND EDUCATIONAL ACTIVITIES WILL STIMULATE THE ECONOMY IN THE COMMONWEALTH, CREATE JOBS IN AND RETAIN LGBT BUSINESSES IN THE COMMONWEALTH.

Activities or mission (Part I)

THE MA LGBTQ+ BUSINESS NETWORK OFFERS TECHNICAL ASSISTANCE, EDUCATION OPPORTUNITIES, COACHING AND TRAINING TO ALL MEMBERS OF THE MA LGBTQ+ COMMUNITY AND IT'S ALLIES.

  • THE MA LGBTQ+ BUSINESS NETWORK OFFERED TECHNICAL ASSISTANCE, EDUCATION OPPORTUNITIES, COACHING AND TRAINING TO ALL MEMBERS OF THE MA LGBTQ+ COMMUNITY AND IT'S ALLIES.

    Expenses $297,882 · Grants $295,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Grace Moreno

    CEO/DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Josiane Martinez

    PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Manassah Bradley

    TREASURER/DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Jennifer Pinck

    CLERK/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Malia C Lazu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nancy Stager

    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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202411359349306901

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