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Nonprofiteer
← MASSACHUSETTS LGBT BUSINESS NETWORK INC

Form 990 for tax year 2023

Filed by MASSACHUSETTS LGBT BUSINESS NETWORK INC.

Totals

Total revenue
$271,000
Total expenses
$484,161
Contributions and grants received
$266,000
Grants paid
$457,499
Program service revenue
$0
Investment income
$0
Other revenue
$5,000
Total assets, end of year
$54,333
Total liabilities, end of year
$3,000
Net assets or fund balances, end of year
$51,333
Program services expenses (Part IX)
$459,580
Management and general expenses
$24,581
Fundraising expenses
$0
Program service expenses (Part III)
$459,580

Program services were 94.9% 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

    $266,000

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER REVENUE

    total $5,000 · related or exempt $5,000

  • 11e · Other revenue, total

    $5,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $457,499 · program services $457,499

  • 11c · Fees: accounting

    total $21,612 · management and general $21,612

  • 11g · Fees: other

    total $2,063 · program services $2,063

  • 24a · Other expenses: BANK FEES

    total $2,969 · management and general $2,969

  • 24b · Other expenses: OTHER EXPENSES

    total $18 · program services $18

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $264,494 · end of year $49,333

  • 4 · Accounts receivable

    end of year $5,000

  • 17 · Accounts payable and accrued expenses

    end of year $3,000

  • 27 · Net assets without donor restrictions

    beginning of year $264,494 · end of year $51,333

Mission and programs · 2023

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, (SEE SCH 0)

Activities or mission (Part I)

TO FOSTER THE GROWTH OF LGBT ENTERPRISES

  • 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 $459,580 · Grants $457,499

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Josiane Martiez

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Manassah Bradley

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Pinck

    CLERK

    Total calculated
    $0
    Hours/week
    1

  • Nancy Stager

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Malia C Lazu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Grace Moreno

    CEO

    Total calculated
    $0
    Hours/week
    4

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
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202531359349318718

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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