Nonprofit · EIN 04-3268142
QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION
Tax-exempt · WARE, MA 01082
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $330,291 | $137,211 | $193,080 | $2,517,893 | $212,801 | $2,305,092 |
| June 30, 2024 | 990 | $193,243 | $107,906 | $85,337 | $2,214,471 | $102,459 | $2,112,012 |
| June 30, 2023 | 990 | $218,931 | $203,010 | $15,921 | $2,282,650 | $255,975 | $2,026,675 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $256,202
- of which government grants
- $256,202
- Program service revenue
- $62,798
- Investment income
- $2,369
- Other revenue
- $8,922
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $350
- Accounting fees
- $7,140
- Depreciation
- $12,710
- Program services (functional)
- $97,182
- Management and general (functional)
- $39,279
- Fundraising (functional)
- $750
Balance sheet and other
- Total assets, start of year
- $2,214,471
- Total assets, end of year
- $2,517,893
- Total liabilities, end of year
- $212,801
- Net assets, end of year
- $2,305,092
- Land, buildings and equipment
- $304,481
- Net assets without donor restrictions
- $1,254,962
- Net assets with donor restrictions
- $1,050,130
- Gross receipts
- $330,291
- Employees
- 0
- Year formed
- 1995
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT BOTTOMLEY | PRESIDENT Trustee or director, Officer | 1 | $0 |
| CAROLYN HALEY | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| RONALD CHRISTENSEN | TREASURER Trustee or director, Officer | 1 | $0 |
| LISA DIMARZIO | CLERK Trustee or director, Officer | 1 | $0 |
| KAZ BORAWSKI | DIRECTOR Trustee or director | 1 | $0 |
| CHARLES LASK | DIRECTOR Trustee or director | 1 | $0 |
| JOHN LATOUR | DIRECTOR Trustee or director | 1 | $0 |
| DARLENE MARK | DIRECTOR Trustee or director | 1 | $0 |
| GLENN MERKEL | DIRECTOR Trustee or director | 1 | $0 |
| JAMES METCALF | DIRECTOR Trustee or director | 1 | $0 |
| JAMES SANDAGATO | DIRECTOR Trustee or director | 1 | $0 |
| MELISSA FALES | EXECUTIVE DI Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VINCENT MCCAUGHEY | PRESIDENT Trustee or director, Officer | 1 | $0 |
| RICHARD EGAN II | TREASURER Trustee or director, Officer | 1 | $0 |
| RONALD CHRISTENSEN | CLERK Trustee or director, Officer | 1 | $0 |
| ROBERT BOTTOMLEY | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| CAROLYN HALEY | DIRECTOR Trustee or director | 1 | $0 |
| CHARLES LASK | DIRECTOR Trustee or director | 1 | $0 |
| DANIEL HENEY | DIRECTOR Trustee or director | 1 | $0 |
| GLENN MERKEL | DIRECTOR Trustee or director | 1 | $0 |
| JAMES METCALF | DIRECTOR Trustee or director | 1 | $0 |
| MELISSA FALES | EXECUTIVE DI Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VINCENT MCCAUGHEY | PRESIDENT Trustee or director, Officer | 1 | $0 |
| RICHARD EGAN II | TREASURER Trustee or director, Officer | 1 | $0 |
| RONALD CHRISTENSEN | CLERK Trustee or director, Officer | 1 | $0 |
| ROBERT BOTTOMLEY | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| CAROLYN HALEY | DIRECTOR Trustee or director | 1 | $0 |
| CHARLES LASK | DIRECTOR Trustee or director | 1 | $0 |
| DANIEL HENEY | DIRECTOR Trustee or director | 1 | $0 |
| GLENN MERKEL | DIRECTOR Trustee or director | 1 | $0 |
| JAMES METCALF | DIRECTOR Trustee or director | 1 | $0 |
| MELISSA FALES | EXECUTIVE DI Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 23 W MAIN ST STE 1, WARE, MA 01082-1358
- Principal officer (990 for 2024)
- ROBERT BOTTOMLEY, 23 WEST MAIN ST SUITE 1, WARE, MA 01082
- Signed the 990
- MELISSA FALES, EXECUTIVE DIRECTOR
- Phone
- (413) 967-3001
- Website
- WWW.QVCDC.ORG
- Return prepared by
- BURKHART PIZZANELLI PC
Mission
ECONOMIC ASSISTANCE AND DEVELOPMENT AND PROVIDING LOANS TO LOCAL BUSINESSES BY GRANTS AND BY LINE OF CREDIT FROM AREA BANKS.
Program accomplishments
- PROVIDE GRANTS, LOANS AND ADVISORY SUPPORT TO BUSINESSES OF THE QUABOAG REGION; TO INVEST CAPITAL IN BUSINESSES THAT ARE UNABLE TO PROCURE SUCH INVESTMENT THROUGH CONVENTIONAL SYSTEMS IN ORDER TO CREATE A CLIMATE OF ECONOMIC OPPORTUNITY IN THE REGION AND TO ENGAGE IN COMMUNITY ECONOMIC DEVELOPMENT ACTIVITIES THAT WILL SUBSTANTIALLY BENEFIT LOW INCOME, DISADVANTAGED RESIDENTS OF THE SERVICE AREA BY MEANS OF PROGRAMS WHICH HAVE A GOAL, DIRECTLY OR INDIRECTLY, AT LEAST ONE OF THE FOLLOWING: (1) THE REDUCTION OF UNEMPLOYMENT, (2) THE REDUCTION OF UNDEREMPLOYMENT, (3) EDUCATION OR JOB SKILLS TRAINING; FOR LOW INCOME RESIDENTS.Expenses $97,182 · revenue $62,798
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 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 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 04-3268142
- 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
- 1995
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W60)
- Assets (IRS master file)
- $2,517,893
- Income (IRS master file)
- $330,291
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $330,291 | $137,211 | $2,517,893 | IRS |
| 990 | June 2024 | $193,243 | $107,906 | $2,214,471 | IRS |
| 990 | June 2023 | $218,931 | $203,010 | $2,282,650 | XML |
| 990 | June 2022 | $541,657 | $230,631 | $2,249,740 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 04-3268142).
Questions about QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION
- What is the EIN of QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION?
- The employer identification number (EIN) of QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION is 04-3268142.
- Is QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION 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 QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION 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 QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION?
- The 990 for the year ended June 30, 2025 names ROBERT BOTTOMLEY.
- Who are the officers and directors of QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION?
- The 990 for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $330,291, expenses of $137,211 and total assets of $2,517,893 at year end.
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