Overview
What is Harvard Square Business Association?
The Harvard Square Business Association, established in 1910, is a nonprofit organization based in Cambridge, Massachusetts. Their primary mission is to foster commercial growth in Harvard Square while acting as responsible stewards of the area. They accomplish this goal through experiential marketing, organizing annual events to attract a diverse demographic. Despite the challenges posed by the COVID-19 pandemic, they successfully hosted their 42nd Annual Oktoberfest celebration in 2021, generating income and promoting local businesses. The association's major expenses include marketing events and enhancing the public space, contributing to maintaining a clean, welcoming, and safe environment for visitors, neighbors, students, and businesses. Throughout the year, they organize numerous free, family-friendly events in the public space and advocate for infrastructure improvements in the area.
Official website here: www.harvardsquare.com
Is Harvard Square Business Association legitimate?
Harvard Square Business Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Harvard Square Business Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $155,008
Professional Fundraising Fees: $0
Other Salaries and Wages: $134,769
For more financial information, click here
Official website here: www.harvardsquare.com
What is the mission statement of Harvard Square Business Association?
The Harvard Square Business Association, established in 1910, primarily aims to promote commerce and act as good stewards of the commercial area. Over the years, they have added the tagline, "while being good stewards of the outside space." They accomplish their goals through experiential marketing, organizing events that attract a diverse demographic. One of their significant events is the annual Oktoberfest celebration, which generates income and attracts visitors. Despite the challenges posed by COVID-19, the association continues to support local businesses and maintain a high occupancy rate. Their major expenses include marketing events, outdoor furniture, and maintaining a clean, safe, and welcoming public space. They also advocate for infrastructure improvements and oversee various events in the public area.
Official website here: www.harvardsquare.com
Who is the CEO of Harvard Square Business Association?
Mary-Catherine Deibel is the Exec. Director of Harvard Square Business Association.
Official website here: www.harvardsquare.com
What is the revenue of Harvard Square Business Association?
Harvard Square Business Association's revenue in 2022 was $587,039.
Official website here: www.harvardsquare.com
Who are the executives of Harvard Square Business Association and what are their salaries?
The average compensation at Harvard Square Business Association during 2022 was $96,592. There are 3 employees and 42 volunteers at Harvard Square Business Association.
Here are 25 key members and their salaries:
- Compensation: $155,008
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.harvardsquare.com
Where can I find the form 990 for Harvard Square Business Association?
Harvard Square Business Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.harvardsquare.com
Learn more at the official website: www.harvardsquare.com
Mission Statement of Harvard Square Business Association
The Harvard Square Business Association, established in 1910, is committed to promoting the commercial, industrial, and public interests in Harvard Square. Its mission is multifaceted, encompassing the facilitation of a commercial exchange, the accumulation and sharing of business information, the resolution of controversies and misunderstandings, the establishment and maintenance of uniformity in commercial transactions, and the advocacy of just and equitable principles of trade. The organization serves as a steward of the square, aiming to promote commerce while maintaining a clean, safe, and welcoming environment for visitors, neighbors, students, and businesses.
To achieve its goals, the Harvard Square Business Association employs various strategies. One of its most effective methods has been experiential marketing, which involves organizing annual events to attract a diverse range of people. In 2021, despite the ongoing pandemic, the association managed to host its 42nd Annual Oktoberfest celebration, generating income and having expenses that were a fraction of the typical attendance. The association also invests in marketing expenses to promote free, family-friendly events in the public space, ensuring that Harvard Square remains a vibrant and welcoming destination.
In addition to its events, the Harvard Square Business Association also advocates for infrastructure improvements in the area. In 2021, work began on the restoration of the Harvard Square Kiosk and Plaza, and other streetscape improvements are in the pipeline. The organization continues to see new businesses open and major private developments in the permitting process, signaling a bright future for Harvard Square. The Harvard Square Business Association is dedicated to supporting the commercial interests of the square while ensuring it remains a clean, safe, and welcoming place for all.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Harvard Square Business Association has significantly impacted the local economy and community life in Harvard Square. By promoting commerce and supporting local businesses, it advances the economic interests of the area while prioritizing the stewardship of public spaces. With a focus on experiential marketing, the association organizes events that attract diverse crowds, fostering a sense of community and encouraging visitors to explore local shops and restaurants.
In recent years, the association has successfully adapted to challenges, such as the pandemic, by offering well-curated events like Oktoberfest, which generates both substantial income and community engagement. This approach ensures that local businesses receive visibility and support during difficult times. Additionally, the association maintains a robust membership of over 400 businesses, with a significant proportion being locally owned, indicating a sustained commitment to the local economy.
Investment in public space improvements, such as outdoor plantings and seating, enhances the overall experience for visitors and residents alike. Advocacy for infrastructure improvements shows a proactive approach to maintaining the area's appeal, further solidifying Harvard Square as a vibrant hub for commerce and community interaction. The continuous organization of family-friendly events and the promotion of local entrepreneurs create an inclusive atmosphere, making Harvard Square not just a shopping destination, but a lively community space for everyone.
This information is meant to be a general summary of Harvard Square Business Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $445
- Gross Receipts: $658,688
Assets and Liabilities:
- Total Assets: $257,941
- Total Liabilities: $0
- Net Assets: $257,941
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1936
Phone
(617) 491-3434Principal Officer
Mary-Catherine Deibel
Main Address
18 BRATTLE STREET 352, CAMBRIDGE, MA, 02138
Website
www.harvardsquare.comNTEE Category
Code: S41 - Community improvement
If you are a representative of Harvard Square Business Association and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.