ARTS & BUSINESS COUNCIL OF GREATER BOSTON INC

EIN: 223217131 501(c)(3) Arts, Culture & Humanities

BOSTON, MA

Total Revenue
$6,375,957
Total Expenses
$1,068,373
Total Assets
$7,549,206
Net Assets
$7,408,715
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
MA
Principal Officer
JAMES GRACE
Phone
6173507600
Tax Period
2024-07-01 to 2025-06-30

ARTS & BUSINESS COUNCIL OF GREATER BOSTON INC, founded in 2000, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.4M in total revenue in fiscal year 2024. Revenue surged 529% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.3M, a strong 83% operating margin.

Mission

TO PROVIDE DIRECT LEGAL/BUSINESS SERVICES, EDUCATIONAL PROGRAMS, AND AFFORDABLE ARTS SPACES FOR ARTISTS AND ARTS/CULTURAL ORGANIZATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,272,337
Program Service Revenue $99,781
Investment Income $3,839
Other Revenue $0
TOTAL REVENUE $6,375,957

Expense Breakdown

Grants Paid $311,030
Salaries & Benefits $462,372
Fundraising Expenses $70,511
Program Expenses $765,006
Other Expenses $294,971
TOTAL EXPENSES $1,068,373

Year-over-Year Comparison

2024 2023 Change
Revenue $6,375,957 $1,013,057 +5.3%
Expenses $1,068,373 $1,236,698 -0.1%
Net Income $5,307,584 $-223,641 -24.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
12
Volunteers
178

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
4
$199,767
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BITHYAH ISRAEL PRESIDENT 1.00
Officer Director
$0 $0 $0
JIM BUZA TREASURER 1.50
Officer Director
$0 $0 $0
AWILDA IRIZARRY BOARD MEMBER 1.00
Officer Director
$0 $0 $0
JOANNE KALIONTZIS BOARD MEMBER 1.00
Director
$0 $0 $0
RUXANDRA TENTIS BOARD MEMBER 1.00
Director
$0 $0 $0
MINERVA PINTO BOARD MEMBER 1.00
Director
$0 $0 $0
MARISA MURTAGH ESQ BOARD MEMBER 1.50
Director
$0 $0 $0
LISA NICKERSON BOARD MEMBER 1.00
Director
$0 $0 $0
KATHLEEN GONDEK PHD BOARD MEMBER 1.00
Director
$0 $0 $0
STACY REED BOARD MEMBER 1.00
Director
$0 $0 $0
SEAN NEWTH FORMER BOARD MEMBER 1.00
Director
$0 $0 $0
DAYLA ARABELLA SANTURRI BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID GUERRA CLERK 1.00
Director
$0 $0 $0
CHERYL TOUGIAS BOARD MEMBER 1.00
Director
$0 $0 $0
AYANA MACK BOARD MEMBER 1.00
Director
$0 $0 $0
ANASTASIA DAOU BOARD MEMBER 1.00
Director
$0 $0 $0
AMANDA ECKHOFF BOARD MEMBER 1.00
Director
$0 $0 $0
GLENN G PUDELKA BOARD MEMBER 1.00
Director
$0 $0 $0
ALEX GAVIS BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES GRACE ESQ EXECUTIVE DIRECTOR 37.00
Officer
$149,207 $5,560 $199,767
LUCAS BLACKADAR DEPUTY DIRECTOR 40.00
Highest
$102,404 $4,196 $106,600
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
2025 $6,375,957 $1,068,373 $7,549,206 $5,307,584
2024 $1,013,057 $1,236,698 $2,146,977 $-223,641
2023 $1,470,654 $1,401,092 $2,249,876 $69,562
2022 $3,340,452 $3,190,594 $4,508,406 $149,858
2021 $1,647,322 $986,916 $4,352,780 $660,406
2020 $893,440 $569,489 $3,632,855 $323,951
2019 $805,255 $669,206 $3,085,494 $136,049
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