Civic Intelligence

The Entrepreneur Forum Inc

990 • Fiscal year 2020 • EIN 04-2921492

Jul 01, 2019 to Jun 30, 2020 • Filed on May 13, 2021

Organization Profilewww.mitef.org
One Main Street 13th FloorCambridge, MA 02142

(617) 475-8100

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

41st percentile

0.0%

Higher net margin than 41% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

100th percentile

$425,282

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 354.4% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

44th percentile

0.0%

Faster asset growth than 44% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

50th percentile

-14%

Faster revenue growth than 50% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Flat

$151,000

Flat from 2019

Net Assets

Flat

$151,000

Flat from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin41st percentile

Revenue

Down

$120,000

Down $20,000 (-14%) from 2019

Expenses

Up

$120,000

Up $56,000 (+88%) from 2019

Net Income

Down

$0

Down $76,000 (-100%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2010: $65,376Liabilities 2010: $22,500Net Assets 2010: $42,8762010Assets 2011: $132,577Liabilities 2011: $15,000Net Assets 2011: $117,5772011Assets 2012: $55,196Liabilities 2012: $18,500Net Assets 2012: $36,6962012Assets 2013: $49,796Liabilities 2013: $0Net Assets 2013: $49,7962013Assets 2014: $32,146Liabilities 2014: $0Net Assets 2014: $32,1462014Assets 2015: $248,715Liabilities 2015: $218,569Net Assets 2015: $30,1462015Assets 2016: $37,646Liabilities 2016: $7,500Net Assets 2016: $30,1462016Assets 2017: $327,000Liabilities 2017: $134,000Net Assets 2017: $193,0002017Assets 2018: $171,000Liabilities 2018: $17,000Net Assets 2018: $154,0002018Assets 2019: $151,000Liabilities 2019: $0Net Assets 2019: $151,0002019Assets 2020: $151,000Liabilities 2020: $0Net Assets 2020: $151,0002020Assets 2021: $135,000Liabilities 2021: $0Net Assets 2021: $135,0002021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2020

Assets$151,000
Liabilities$0
Net Assets$151,000
Open 2020 Filing

Operations Trend

Revenue Growth50th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KExpenses 2010: $431,9042010Expenses 2011: $449,9652011Expenses 2012: $445,8102012Revenue 2013: $477,183Expenses 2013: $464,083Net Income 2013: $13,1002013Revenue 2014: $547,860Expenses 2014: $565,510Net Income 2014: -$17,6502014Revenue 2015: $564,346Expenses 2015: $566,346Net Income 2015: -$2,0002015Revenue 2016: $493,341Expenses 2016: $493,341Net Income 2016: $02016Revenue 2017: $727,000Expenses 2017: $430,000Net Income 2017: $297,0002017Revenue 2018: $232,000Expenses 2018: $184,000Net Income 2018: $48,0002018Revenue 2019: $140,000Expenses 2019: $64,000Net Income 2019: $76,0002019Revenue 2020: $120,000Expenses 2020: $120,000Net Income 2020: $02020Revenue 2021: $80,000Expenses 2021: $96,000Net Income 2021: -$16,0002021Revenue 2022: $0Expenses 2022: $42,000Net Income 2022: -$42,0002022

Highlighted filing

2020

Revenue$120,000
Expenses$120,000
Net Income$0
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 13, 2021
Return Version
2019v5.0
Gross Receipts
$120,000
Mission and Program Overview

Mission

We inform, connect, and coach technology entrepreneurs-enabling them to rapidly transform ideas into world-changing companies. We are a global network of local organizations, inspired by MIT, and open to the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$151,000$0▼ $151,000
Prepaid Expenses and Deferred Charges$0$151,000▲ $151,000
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0--
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$151,000$151,000→ $0
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$151,000$151,000→ $0
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$151,000$151,000→ $0
Total Liabilities and Net Assets / Fund Balance$151,000$151,000→ $0
Compensation and Service Providers
Top Officer Pay100th percentile

Board Members and Trustees

NameTitle
-Chair and President
-Former President
-Clerk (Incoming)
-Clerk (Outgoing)
-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$35,000
Investment Income
$0
Other Revenue
$85,000
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$120,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$31,000$80,000-$111,000
Information Technology$6,000--$6,000
Other Expenses$3,000--$3,000
Total Functional Expenses$40,000$80,000$0$120,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Technology Review-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6 Classes of members or stockholders

“Technology Review, Inc. is the sole shareholder/member of the MIT Enterprise Forum, Inc.”

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

“The powers of the members, and the conduct and regulation of the affairs of the corporation shall be set forth in the by-laws of the corporation, to the extent they are not set forth in the articles of organization.”

Form 990, Part VI, Line 8B Documentation of meetings held by committees of governing body

“No other committees have authority to act on behalf of board of directors.”

Form 990, Part VI, Line 11B Review of form 990 by governing body

“Mit enterprise forum, inc.'s officer responsible for tax matters reviews the form 990 for accuracy and completeness.”

Form 990, Part VI, Line 12C Conflict of interest policy

“MIT Enterprise Forum, Inc. follows applicable written policies and procedures of Massachusetts Institute of Technology.”

Form 990, Part VI, Line 19 Required documents available to the public

“Upon request information is provided based on the policies and procedures of mit for the dissemination of all information.”

Form 990, Part VI, Line 2 BUSINESS RELATIONSHIP

“For fiscal year 2020, the following current officer/director of the Enterprise Forum was employed by Technology Review, Inc., of which Enejda Xheblati and Elizabeth Bramson were also officers/directors: Antoinette Matthews.”

Form 990, PART VI, Line 12C, 13 and 14 POLICIES AND PROCEDURES

“All of MIT Enterprise Forum, Inc.'s policies and procedures are established by MIT, including policies on conflict of interest, whistleblower, and document retention and destruction.”

Filing and Contact Details

Filer

Filer Name
MIT Enterprise Forum Inc
EIN
04-2921492
Phone
6174758100
Address
One Main Street 13th Floor, Cambridge, MA 02142

Signing Officer

Name
Enejda Xheblati
Title
Treasurer
Signed
2021-05-13

Organization Details

Formed
1986
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
1
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2B AUDIT BY INDEPENDENT ACCOUNTANT

“The financial statements of mit enterprise forum, inc. Are included in the consolidated financial statements of mit and audited by an independent accountant. The mit audit committee assumes responsibility for oversight of the audit of the consolidated financial statements and selection of an independent accountant.”

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

“MIT Enterprise Forum, INC. IS A SUBSIDIARY OF THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT). MIT Enterprise Forum, INC.'S FINANCIAL STATEMENTS ARE PREPARED AND AUDITED ON A CONSOLIDATED BASIS WITH MIT. US GAAP requires MIT to evaluate tax positions taken by the Institute to recognize a tax liability (or asset) if the Institute has taken an uncertain tax position that, more likely than not, would not be sustained upon examination by the IRS. MIT has analyzed the tax positions taken and has concluded that as of June 30, 2020, there are no significant uncertain tax positions taken or expected to be taken.”

Raw XML AppendixShowing 400 of 779 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0230724
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0230724
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0232000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0727000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0493341
IRS990ScheduleA/Total509Grp/TotalAmt01712341
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0727000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0493341
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01712341
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to Technology Review
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MIT Enterprise Forum, INC. IS A SUBSIDIARY OF THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT). MIT Enterprise Forum, INC.'S FINANCIAL STATEMENTS ARE PREPARED AND AUDITED ON A CONSOLIDATED BASIS WITH MIT. US GAAP requires MIT to evaluate tax positions taken by the Institute to recognize a tax liability (or asset) if the Institute has taken an uncertain tax position that, more likely than not, would not be sustained upon examination by the IRS. MIT has analyzed the tax positions taken and has concluded that as of June 30, 2020, there are no significant uncertain tax positions taken or expected to be taken.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote
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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
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IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt238239
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt315600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt0Kathleen Kennedy
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt1Elizabeth Bramson-Boudreau
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt2Antoinette Matthews
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt3Enejda Xheblati
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Former President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Chair and President

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$151,000
Liabilities
$0
Net assets
$151,000
Revenue
$120,000
Expenses
$120,000
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.00$0.42$0.42
2021Detailed filing. Detailed filing data is available for this year.$1.35$0.00$1.35$0.80$0.96$0.16
2020Detailed filing. Detailed filing data is available for this year.$1.51$0.00$1.51$1.20$1.20$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.51$0.00$1.51$1.40$0.64$0.76
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.71$0.17$1.54$2.32$1.84$0.48
2017Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$3.27$1.34$1.93$7.27$4.30$2.97
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.38$0.08$0.30$4.93$4.93$0.00
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.49$2.19$0.30$5.64$5.66$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.32$0.00$0.32$5.48$5.66$0.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.00$0.50$4.77$4.64$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.19$0.37$4.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.33$0.15$1.18$4.50
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.23$0.43$4.32