FOCUS SPRINGFIELD INC

EIN: 043389841 501(c)(3)

SPRINGFIELD, MA

Total Revenue
$855,766
Total Expenses
$928,113
Total Assets
$3,256,488
Net Assets
$3,070,186
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
MA
Principal Officer
JOHN ABBOTT
Phone
4137543250
Tax Period
2017-07-01 to 2018-06-30

FOCUS SPRINGFIELD INC, founded in 1997, is a small nonprofit that reported $856K in total revenue in fiscal year 2017. Net assets of $3.1M represent 43 months of operating reserves.

Mission

THE MISSION OF FOCUS SPRINGFIELD IS TO IMPROVE THE QUALITY OF LIFE FOR SPRINGFIELD RESIDENTS THROUGH STIMULATING ECONOMIC DEVELOPMENT, COMMUNITY BUILDING, EDUCATION, TRAINING, AND PROMOTING THE BENEFITS OF LIVING, LEARNING, AND WORKING IN THE CITY. LOCATED IN THE HEART OF THE CITY AT THE CORNER OF STATE AND MAIN STREETS, FOCUS SPRINGFIELD SHOWCASES THE CULTURAL AND EDUCATIONAL ACHIEVEMENTS OF OUR CITIZENS, OVER THE AIRWAVES, VIA THE INTERNET, OR IN THE GALLERY SPACE FACING MAIN ST. FOCUS PROVIDES TRAINING DESIGNED TO ENCOURAGE INDIVIDUAL AND COMMUNITY BASED PROGRAMMING, AS WELL AS REAL TIME ACTIVITIES THAT WILL ENHANCE THE DOWNTOWN STREETSCAPE. THE STUDIO IS DESIGNED AS A MIXED-USE FACILITY. WHILE MOST OF THE STUDIO IS DEDICATED TO TELEVISION AND VIDEO PRODUCTION, IT ALSO ACCOMMODATES MULTI- MEDIA WORKSHOPS, LIVE PERFORMANCES, PROFESSIONAL (COMMERCIAL) PRODUCTION, PUBLIC MEETINGS, AND COMMUNITY EVENTS. A LARGE PART OF OUR MISSION IS ALSO TEACHING COMMUNITY MEMBERS HOW TO TELL THEIR OWN

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2017)

Revenue Breakdown

Contributions & Grants $823,958
Program Service Revenue $0
Investment Income $2,632
Other Revenue $29,176
TOTAL REVENUE $855,766

Expense Breakdown

Grants Paid $0
Salaries & Benefits $317,575
Fundraising Expenses $0
Program Expenses $741,183
Other Expenses $610,538
TOTAL EXPENSES $928,113

Year-over-Year Comparison

2017 2016 Change
Revenue $855,766 $890,145 0.0%
Expenses $928,113 $898,382 +0.0%
Net Income $-72,347 $-8,237 +7.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
6
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
2
$84,556
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN ABBOTT EXECUTIVE DI 40.00
Director
$84,556 $0 $84,556
ANDREW DOTY DIRECTOR N/A
Director
$0 $0 $0
JAMES LACEY PRESIDENT N/A
Officer
$0 $0 $0
JOSE CLAUDIO TREASURER AN N/A
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2018 $855,766 $928,113 $3,256,488 $-72,347
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