TY 2017 Form 990EZ

Form990EZ

Department of the Treasury
Internal Revenue Service

Short Form
Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)

Do not enter social security numbers on this form as it may be made public.

Go to www.irs.gov/Form990EZ for instructions and the latest information.

OMB No. 1545-1150

2019

Open to Public
Inspection

Check if applicable:

Address change

Name change

Initial return

Final return/terminated

Amended return

Application pending

C Name of organization
Southern New England
Credit Grantors Inc

Number and street (or P. O. box, if mail is not delivered to street address)PO Box 50717
Room/suite

City or town, state or province, country, and ZIP or foreign postal code New Bedford, MA02745

D Employer identification number

04-3011000

E Telephone number

(781) 573-1384

F Group Exemption
Number bullet

Part ⅢStatement of Program Service Accomplishments (see the instructions for Part III) Check if the organization used Schedule O to respond to any question in this Part III . .	Expenses (Required for section 501(c)(3) and 501(c)(4) organizations; optional for others.)
What is the organization's primary exempt purpose? The Organization's mission is to support and educate those businesses engaged in the extension of retail credit.
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. In a clear and concise manner, describe the services provided, the number of persons benefited, and other relevant information for each program title.
28 Providing scholarships (based on academic standing and need) to high school and college students within the local communities of our members. (Grants $ ) If this amount includes foreign grants, check here ...		28a
29 Bringing together those engaged in the extending and management of credit by the credit grantors of southern New England states; promoting protective, educational and social intercourse; guarding against fraud and imposition; cooperating with kindred associations; improving existing methods for the collection and diffusion of data related to credit; creating greater uniformity in usage of trade; and establishing closer ties of business whereby the welfare of all are advanced. (Grants $ ) If this amount includes foreign grants, check here ...		29a
30 (Grants $ ) If this amount includes foreign grants, check here ...		30a
31 Other program services (describe in Schedule O) ................ (Grants $ ) If this amount includes foreign grants, check here...	31a
32 Total program service expenses (add lines 28a through 31a)..........	32

(a) Name and title	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC) (if not paid, enter -0-)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation
Lisa Kenney President	1.00	0
Carla DaSilva Treasurer	1.00	0
Stephanie Flynn Secretary	1.00	0
Kami McMorrow Director	1.00	0
Kerri Gomes Director	1.00	0
Nancy Silva Director	1.00	0
Jennifer Benoit Vice President	1.00	0
Lindsay A Berriault Director	1.00	0

Yes

Did the organization engage in lobbying activities or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II .......................

Is the organization a school as described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E ..

49a

Did the organization make any transfers to an exempt non-charitable related organization?......

49a

If "Yes," was the related organization a section 527 organization?................

49b

Complete this table for the organization's five highest compensated employees (other than officers, directors, trustees and key employees) who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and title of each employee	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation
NONE

Total number of other employees paid over $100,000 ............. bullet

Complete this table for the organization's five highest compensated independent contractors who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and business address of each independent contractor	(b) Type of service	(c) Compensation
NONE

Return Reference	Explanation
Other Expenses.1001	Advertising and Promotion $487
Other Expenses.1003	Information Technology $1660
Other Expenses.1	Meeting Expense $4724
Other Expenses.2	Gifts $601
Other Expenses.4	Supplies $129
Other Expenses.5	MA Annual Report $18

Return Reference

Explanation

Other Expenses.1001

Advertising and Promotion $487

Other Expenses.1003

Information Technology $1660

Other Expenses.1

Meeting Expense $4724

Other Expenses.2

Gifts $601

Other Expenses.4

Supplies $129

Other Expenses.5

MA Annual Report $18

1	Contributions, gifts, grants, and similar amounts received ....................	1	4,998
2	Program service revenue including government fees and contracts ................	2
3	Membership dues and assessments .............................	3	10,295
4	Investment income ....................................	4	102
5a	Gross amount from sale of assets other than inventory .......	5a
b	Less: cost or other basis and sales expenses ............	5b	0
c	Gain or (loss) from sale of assets other than inventory (Subtract line 5b from line 5a) ......	5c
6	Gaming and fundraising events
a	Gross income from gaming (attach Schedule G if greater than $15,000)	6a
b	Gross income from fundraising events (not including $ 4,998 of contributions from fundraising events reported on line 1) (attach Schedule G if the			sum of such gross income and contributions exceeds $15,000) ..	6b	7,822
c	Less: direct expenses from gaming and fundraising events ...	6c	8,279
d	Net income or (loss) from gaming and fundraising events (add lines 6a and 6b and subtract line 6c)	6d	-457
7a	Gross sales of inventory, less returns and allowances ......	7a
b	Less: cost of goods sold .............	7b	0
c	Gross profit or (loss) from sales of inventory (Subtract line 7b from line 7a) .........	7c
8	Other revenue (describe in Schedule O) ....................	8
9	Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and 8 ..............	9	14,938

10	Grants and similar amounts paid (list in Schedule O) ................	10	8,350
11	Benefits paid to or for members ......................	11
12	Salaries, other compensation, and employee benefits ................	12
13	Professional fees and other payments to independent contractors ............	13	550
14	Occupancy, rent, utilities, and maintenance ...................	14
15	Printing, publications, postage, and shipping ...................	15	284
16	Other expenses (describe in Schedule O) ...................	16	7,619
17	Total expenses. Add lines 10 through 16 .................	17	16,803

18	Excess or (deficit) for the year (Subtract line 17 from line 9) ............	18	-1,865
19	Net assets or fund balances at beginning of year (from line 27, column (A)) (must agree with
	end-of-year figure reported on prior year’s return) .................	19	50,745
20	Other changes in net assets or fund balances (explain in Schedule O) ...........	20
21	Net assets or fund balances at end of year. Combine lines 18 through 20 ..........	21	48,880

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