Civic Intelligence

Mit Sloan Boston Alumni Association Inc.

990 • Fiscal year 2019 • EIN 04-2925409

Jul 01, 2018 to Jun 30, 2019 • Filed on May 26, 2020

139A Charles Street No 346Boston, MA 02114

(617) 253-3183

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.42x

Higher debt load relative to assets than 83% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

83rd percentile

0.39x

Higher debt load relative to revenue than 83% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

36th percentile

-0.9%

Higher net margin than 36% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

59th percentile

7.2%

Faster asset growth than 59% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

64th percentile

12%

Faster revenue growth than 64% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$844,084

Up $56,409 (+7.2%) from 2018

Net Assets

Down

$492,045

Down $7,933 (-1.6%) from 2018

Liabilities

Up

$352,039

Up $64,342 (+22%) from 2018

Revenue

Up

$910,716

Up $100,197 (+12%) from 2018

Expenses

Up

$918,649

Up $90,807 (+11%) from 2018

Net Income

Up

-$7,933

Up $9,390 (+54%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $736,835Liabilities 2010: $238,936Net Assets 2010: $497,8992010Assets 2011: $991,158Liabilities 2011: $464,339Net Assets 2011: $526,8192011Assets 2012: $909,109Liabilities 2012: $232,117Net Assets 2012: $676,9922012Assets 2013: $828,533Liabilities 2013: $250,511Net Assets 2013: $578,0222013Assets 2014: $907,826Liabilities 2014: $294,810Net Assets 2014: $613,0162014Assets 2015: $903,889Liabilities 2015: $290,594Net Assets 2015: $613,2952015Assets 2016: $837,772Liabilities 2016: $257,722Net Assets 2016: $580,0502016Assets 2017: $773,050Liabilities 2017: $255,640Net Assets 2017: $517,4102017Assets 2018: $787,675Liabilities 2018: $287,697Net Assets 2018: $499,9782018Assets 2019: $844,084Liabilities 2019: $352,039Net Assets 2019: $492,0452019Assets 2020: $713,216Liabilities 2020: $223,689Net Assets 2020: $489,5272020Assets 2021: $670,220Liabilities 2021: $104,615Net Assets 2021: $565,6052021Assets 2022: $774,958Liabilities 2022: $144,797Net Assets 2022: $630,1612022Assets 2023: $660,094Liabilities 2023: $176,109Net Assets 2023: $483,9852023Assets 2024: $683,288Liabilities 2024: $323,347Net Assets 2024: $359,9412024

Highlighted filing

2019

Assets$844,084
Liabilities$352,039
Net Assets$492,045

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2010: $643,766Expenses 2010: $565,464Net Income 2010: $78,3022010Revenue 2011: $738,505Expenses 2011: $709,585Net Income 2011: $28,9202011Revenue 2012: $613,182Expenses 2012: $463,009Net Income 2012: $150,1732012Revenue 2013: $616,335Expenses 2013: $715,305Net Income 2013: -$98,9702013Revenue 2014: $667,068Expenses 2014: $632,074Net Income 2014: $34,9942014Revenue 2015: $760,984Expenses 2015: $760,705Net Income 2015: $2792015Revenue 2016: $780,288Expenses 2016: $813,636Net Income 2016: -$33,3482016Revenue 2017: $748,878Expenses 2017: $811,220Net Income 2017: -$62,3422017Revenue 2018: $810,519Expenses 2018: $827,842Net Income 2018: -$17,3232018Revenue 2019: $910,716Expenses 2019: $918,649Net Income 2019: -$7,9332019Revenue 2020: $545,142Expenses 2020: $547,660Net Income 2020: -$2,5182020Revenue 2021: $423,951Expenses 2021: $347,873Net Income 2021: $76,0782021Revenue 2022: $678,730Expenses 2022: $614,174Net Income 2022: $64,5562022Revenue 2023: $623,056Expenses 2023: $766,694Net Income 2023: -$143,6382023Revenue 2024: $739,138Expenses 2024: $863,182Net Income 2024: -$124,0442024

Highlighted filing

2019

Revenue$910,716
Expenses$918,649
Net Income-$7,933
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 26, 2020
Return Version
2018v3.1
Gross Receipts
$910,716
Mission and Program Overview

Mission

To provide a social and professional network to mit sloan alumni in the greater boston area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$302,010$482,167▲ $180,157
Investments Other Securities$264,363$178,833▼ $85,530
Savings and Temporary Cash Investments$131,431$94,491▼ $36,940
Accounts Receivable$71,690$62,000▼ $9,690
Prepaid Expenses and Deferred Charges$18,181$26,593▲ $8,412
Total Assets$787,675$844,084▲ $56,409
Liabilities
Accounts Payable and Accrued Expenses$269,898$291,464▲ $21,566
Deferred Revenue$17,799$60,575▲ $42,776
Total Liabilities$287,697$352,039▲ $64,342
Net Assets / Fund Balance
Unrestricted Net Assets$499,978$492,045▼ $7,933
Total Net Assets Fund Balance$499,978$492,045▼ $7,933
Total Liabilities and Net Assets / Fund Balance$787,675$844,084▲ $56,409

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$175,242--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jeffrey UllerPresident
Kara KelleyAssistant Vice President
Nicholas HoldaVice President
Audrey DaumBoard Member
Christina QiBoard Member
Jeremy SeidmanBoard Member
Joanna EldridgeBoard Member
Julia AbramovichBoard Member
Patricia HubbellBoard Member
Sean BrownBoard Member
Mark CrowleyAssistant Treasurer
David HarelickClerk
Christopher ReichertDeputy Treasurer
Raymond ChangTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,140
Program Service Revenue
$898,629
Investment Income
$5,947
Other Revenue
$0
All Other Contributions
$6,140
Change in Net Assets
$-7,933

Audited Revenue Reconciliation

Revenue per Audited Statements
$910,716
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$910,716
Total Revenue per Form 990
$910,716
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$724,947
Salaries, Compensation, and Employee Benefits$193,702
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$574,541$832-$575,373
Other Salaries and Wages$95,404$59,350-$154,754
Travel$37,833$14,681-$52,514
Fees for Services Accounting-$39,141-$39,141
Other Employee Benefits$11,268$14,748-$26,016
Fees for Services Other$22,808$1,109-$23,917
Office Expenses$14,521$4,639-$19,160
Information Technology$8,577$4,741-$13,318
Payroll Taxes$8,040$4,892-$12,932
Insurance-$1,524-$1,524
Total Functional Expenses$772,992$145,657$0$918,649

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$918,649
Total Expenses per Audited Statements$918,649
Total Expenses per Form 990$918,649
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The organization's board of directors provides complete oversight. The organization does not have any committees that would have the authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

The organization provides copies of required filings to the board of directors prior to the submission of the informational returns.

Form 990, Part VI, Section C, Line 19

The organization makes it's governing documents available upon request.

Filing and Contact Details

Filer

Filer Name
Mit Sloan Boston Alumni Association
EIN
04-2925409
Phone
6172533183
Address
139A CHARLES STREET NO 346, BOSTON, MA 02114

Signing Officer

Name
Jeff Uller
Title
President
Phone
6172533183
Signed
2020-05-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Uller
Formed
1986
Legal Domicile
Ma
Voting Board Members
14
Independent Board Members
14
Employees
2
Volunteers
0

Preparer

Firm
Smith Sullivan & Brown Pc
Address
80 FLANDERS ROAD - SUITE 200, WESTBOROUGH, MA 01581
Preparer
Sandra M Brown CPA
Phone
5088717178
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IRS990/PYContributionsGrantsAmt0600
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03594
IRS990/PYOtherExpensesAmt0653607
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0806325
IRS990/PYRevenuesLessExpensesAmt0-17323
IRS990/PYSalariesCompEmpBnftPaidAmt0174235
IRS990/PYTotalExpensesAmt0827842
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0810519
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-7933
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0898629
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0131431
IRS990/SavingsAndTempCashInvstGrp/EOYAmt094491
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt06140
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0600
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0550
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt08790
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt05947
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt03594
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01285
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0108
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt043
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt010977
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0298904
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0276825
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0283293
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0273675
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0237441
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01370138
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt0599725
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt0529500
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt0463750
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt0507000
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt0522500
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt02622475
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt05947
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt03594
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01285
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0108
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt043
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt010977
IRS990ScheduleA/InvestmentIncomeCYPct00.00270
IRS990ScheduleA/InvestmentIncomePYPct00.00140
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99730
IRS990ScheduleA/PublicSupportPY509Pct00.99860
IRS990ScheduleA/PublicSupportTotal509Amt04001403
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0904769
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0806925
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0747593
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0781175
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0760941
IRS990ScheduleA/Total509Grp/TotalAmt04001403
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0910716
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0810519
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0748878
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0781283
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0760984
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04012380
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0918649
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt03591
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1175242
IRS990ScheduleD/OtherSecuritiesGrp/Desc0GOVERNMENT BONDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CERTIFICATES OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0910716
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0178833
IRS990ScheduleD/TotalExpensesPerForm990Amt0918649
IRS990ScheduleD/TotalRevenuePerForm990Amt0910716
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0910716
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0918649
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S BOARD OF DIRECTORS PROVIDES COMPLETE OVERSIGHT. THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT WOULD HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION PROVIDES COPIES OF REQUIRED FILINGS TO THE BOARD OF DIRECTORS PRIOR TO THE SUBMISSION OF THE INFORMATIONAL RETURNS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES IT'S GOVERNING DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0787675
IRS990/TotalAssetsEOYAmt0844084
IRS990/TotalAssetsGrp/BOYAmt0787675
IRS990/TotalAssetsGrp/EOYAmt0844084
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt06140
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0145657
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0772992
IRS990/TotalFunctionalExpensesGrp/TotalAmt0918649
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0287697
IRS990/TotalLiabilitiesEOYAmt0352039
IRS990/TotalLiabilitiesGrp/BOYAmt0287697
IRS990/TotalLiabilitiesGrp/EOYAmt0352039
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0499978
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0492045
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0772992
IRS990/TotalProgramServiceRevenueAmt0898629
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt05947
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0898629
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0910716

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.83$3.23$3.60$7.39$8.63$1.24
2023Detailed filing. Detailed filing data is available for this year.$6.60$1.76$4.84$6.23$7.67$1.44
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.75$1.45$6.30$6.79$6.14$0.65
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.70$1.05$5.66$4.24$3.48$0.76
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.13$2.24$4.90$5.45$5.48$0.03
2019Detailed filing. Detailed filing data is available for this year.$8.44$3.52$4.92$9.11$9.19$0.08
2018Detailed filing. Detailed filing data is available for this year.$7.88$2.88$5.00$8.11$8.28$0.17
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.73$2.56$5.17$7.49$8.11$0.62
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.38$2.58$5.80$7.80$8.14$0.33
2015Detailed filing. Detailed filing data is available for this year.$9.04$2.91$6.13$7.61$7.61$0.00
2014Summary only. Only limited summary data is available for this year.$9.08$2.95$6.13$6.67$6.32$0.35
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.29$2.51$5.78$6.16$7.15$0.99
2012Summary only. Only limited summary data is available for this year.$9.09$2.32$6.77$6.13$4.63$1.50
2011Summary only. Only limited summary data is available for this year.$9.91$4.64$5.27$7.39$7.10$0.29
2010Summary only. Only limited summary data is available for this year.$7.37$2.39$4.98$6.44$5.65$0.78