Billerica Holiday Festival Inc
Nonprofit profile at a glance
- EIN
- 050608866
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2014
- Location
- Billerica, MA, USA
- Phone
- 9786670521
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Nonmonetary Support N.E.C.*
Reported finances
- Revenue
- $87,881
- Expenses
- $68,595
- Assets
- $38,519
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- MATTHEW FORTI (Vice President)
- JOHN GAGLIARDI (President)
People named in this filing
- MATTHEW FORTI (Vice President)
- JOANNE GAGLIARDI (Director)
- MARY RILEY (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Installation and maintenance of public light displays.
What it reported doing in 2024
Trees and public buildings in the town of billerica, ma were decorated with colored lights and decorations during the months of november & december. Residents of the town and others viewing the displays are served.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 82
- Sustainability: 51
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 65.9%; rating input score 66
- Program expense ratio: 84.4%; rating input score 84
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 21.9%; rating input score 75; 75th percentile among comparable filings
- Total-asset coverage ratio: 0.56; rating input score 32; 32nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 27.6% per year; rating input score 100; 86th percentile among comparable filings
- Revenue growth: 26.2% per year; rating input score 100; 93rd percentile among comparable filings
- Asset growth: 37.8% per year; rating input score 100; 93rd percentile among comparable filings
Details
- Where the money goes: 65.9% of revenue deployed · 84.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $58K in reported program spending
- Leadership: top reported pay $0 · 16 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.