Civic Intelligence

Massachusetts Bar Institute Inc

990 • Fiscal year 2014 • EIN 04-3293798

Sep 01, 2013 to Aug 31, 2014 • Filed on Jan 15, 2015

20 West StreetBoston, MA 02111-1218

(617) 338-0500

Siviq Scores

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

Liabilities / Assets

100th percentile

6.62x

Higher debt load relative to assets than 100% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

99th percentile

16.19x

Higher debt load relative to revenue than 99% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

4th percentile

-75%

Higher net margin than 4% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

98th percentile

$537,236

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 66.4% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

18th percentile

-5.9%

Faster asset growth than 18% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

49th percentile

3.3%

Faster revenue growth than 49% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$1,977,687

Down $123,855 (-5.9%) from 2013

Net Assets

Down

-$11,116,367

Down $606,683 (-5.8%) from 2013

Liabilities

Up

$13,094,054

Up $482,828 (+3.8%) from 2013

Revenue

Up

$808,907

Up $25,847 (+3.3%) from 2013

Expenses

Up

$1,415,590

Up $65,364 (+4.8%) from 2013

Net Income

Down

-$606,683

Down $39,517 (-7.0%) from 2013

Historical Trend

Balance Sheet Trend

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

$20M$10M$0-$10M-$20MAssets 2010: $2,318,537Liabilities 2010: $11,170,751Net Assets 2010: -$8,852,2142010Assets 2011: $2,254,066Liabilities 2011: $11,701,030Net Assets 2011: -$9,446,9642011Assets 2012: $2,057,729Liabilities 2012: $12,000,247Net Assets 2012: -$9,942,5182012Assets 2013: $2,101,542Liabilities 2013: $12,611,226Net Assets 2013: -$10,509,6842013Assets 2014: $1,977,687Liabilities 2014: $13,094,054Net Assets 2014: -$11,116,3672014Assets 2015: $1,817,099Liabilities 2015: $13,576,111Net Assets 2015: -$11,759,0122015Assets 2016: $1,600,696Liabilities 2016: $13,993,546Net Assets 2016: -$12,392,8502016Assets 2017: $1,393,348Liabilities 2017: $14,364,076Net Assets 2017: -$12,970,7282017Assets 2018: $1,961,047Liabilities 2018: $15,534,142Net Assets 2018: -$13,573,0952018Assets 2019: $2,014,721Liabilities 2019: $16,162,108Net Assets 2019: -$14,147,3872019Assets 2020: $1,899,383Liabilities 2020: $16,540,146Net Assets 2020: -$14,640,7632020Assets 2021: $1,799,422Liabilities 2021: $16,837,846Net Assets 2021: -$15,038,4242021Assets 2022: $1,678,923Liabilities 2022: $17,134,073Net Assets 2022: -$15,455,1502022Assets 2023: $1,576,066Liabilities 2023: $17,554,442Net Assets 2023: -$15,978,3762023Assets 2024: $1,388,926Liabilities 2024: $17,894,730Net Assets 2024: -$16,505,8042024Assets 2025: $1,323,022Liabilities 2025: $18,338,025Net Assets 2025: -$17,015,0032025

Highlighted filing

2014

Assets$1,977,687
Liabilities$13,094,054
Net Assets-$11,116,367

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $1,559,6992010Expenses 2011: $1,357,3282011Expenses 2012: $1,355,1952012Revenue 2013: $783,060Expenses 2013: $1,350,226Net Income 2013: -$567,1662013Revenue 2014: $808,907Expenses 2014: $1,415,590Net Income 2014: -$606,6832014Revenue 2015: $758,754Expenses 2015: $1,401,399Net Income 2015: -$642,6452015Revenue 2016: $768,251Expenses 2016: $1,402,089Net Income 2016: -$633,8382016Revenue 2017: $828,567Expenses 2017: $1,406,445Net Income 2017: -$577,8782017Revenue 2018: $854,367Expenses 2018: $1,456,734Net Income 2018: -$602,3672018Revenue 2019: $918,178Expenses 2019: $1,492,470Net Income 2019: -$574,2922019Revenue 2020: $822,383Expenses 2020: $1,315,759Net Income 2020: -$493,3762020Revenue 2021: $705,895Expenses 2021: $1,103,556Net Income 2021: -$397,6612021Revenue 2022: $718,705Expenses 2022: $1,135,432Net Income 2022: -$416,7272022Revenue 2023: $808,241Expenses 2023: $1,331,467Net Income 2023: -$523,2262023Revenue 2024: $887,408Expenses 2024: $1,414,836Net Income 2024: -$527,4282024Revenue 2025: $955,566Expenses 2025: $1,464,765Net Income 2025: -$509,1992025

Highlighted filing

2014

Revenue$808,907
Expenses$1,415,590
Net Income-$606,683
Jump To
Filing Snapshot
Filing Period
Sep 1, 2013 to Aug 31, 2014
Signed
Jan 15, 2015
Return Version
2013v4.0
Gross Receipts
$808,907
Mission and Program Overview

Mission

The institute develops and delivers educational programs; publishes scholarly publications; develops and implements community and public service programs; and promotes the administration of justice and respect for the law.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,899,719$1,685,080▼ $214,639
Savings and Temporary Cash Investments$113,409$188,170▲ $74,761
Prepaid Expenses and Deferred Charges$81,515$82,344▲ $829
Accounts Receivable$6,899$22,093▲ $15,194
Total Assets$2,101,542$1,977,687▼ $123,855
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,588,085$13,071,227▲ $483,142
Accounts Payable and Accrued Expenses$17,781$17,102▼ $679
Deferred Revenue$5,360$5,725▲ $365
Total Liabilities$12,611,226$13,094,054▲ $482,828
Net Assets / Fund Balance
Unrestricted Net Assets$-10,509,684$-11,116,367▼ $606,683
Total Net Assets Fund Balance$-10,509,684$-11,116,367▼ $606,683
Total Liabilities and Net Assets / Fund Balance$2,101,542$1,977,687▼ $123,855

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$684,414$2,100,920$2,785,334
Equipment$103,871$1,085,996$1,189,867
Buildings$446,795$403,205$850,000
Land$450,000-$450,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Martin HealyChief Operating Officer & Chief Legal CounselFT$411,520$411,520
Lisa FerraraDirector of Membership andFT$137,379$137,379
ELIZABETH O'NEILDirector of CommunicationsFT$134,745$134,745

Board Members and Trustees

NameTitle
Marsha KazarosianPresident
Robert HarnaisPresident-elect
Christopher KenneyVice President
John J MorrisseyVice President
Mark DohertyMba Director of Fiscal Ope
Martin HealyChief Operating Officer & Chief Lega
Patricia WalshMba Insurance Agency Execu
Terence WelshMba Insurance Agency Presi
Alice BraunsteinMember
Anthony BenedettiMember
Denise MurphyMember
Douglas K SheffMember
James Reardon JrMember
Lee GartenbergMember
MARTHA RUSH O'MARAMember
Michael Mone JrMember
Paul White SrMember
Peter ElikannMember
Robert Holloway JrMember
Scott PetersonMember
Shirley a DoyleMember
Thomas J BarbarMember
Walter Costello JrMember
Christopher P SullivanSecretary
Jeffrey N CatalanoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$154,125
Program Service Revenue
$279,692
Investment Income
$0
Other Revenue
$375,090
All Other Contributions
$154,125
Change in Net Assets
$-606,683

Audited Revenue Reconciliation

Revenue per Audited Statements
$808,907
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$808,907
Total Revenue per Form 990
$808,907
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,415,590
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
Payments to Affiliates-$464,004-$464,004
Depreciation Depletion-$220,207-$220,207
Occupancy-$172,627-$172,627
Conferences and Meetings$69,588--$69,588
All Other Expenses$43,961$21,184-$65,145
Interest-$60,000-$60,000
Insurance-$58,643-$58,643
Other Expenses$29,722$12,546-$29,722
Travel$9,566$454-$10,020
Advertising$9,551--$9,551
Fees for Services Accounting-$4,610-$4,610
Total Functional Expenses$241,880$1,173,710$0$1,415,590

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,415,590
Total Expenses per Audited Statements$1,415,590
Total Expenses per Form 990$1,415,590
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
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
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, Section B, Line 11

A copy of the form 990 is provided to the organizations governing body, it is reviewed by the governing body or by a representative appointed by the governing body and then approved for release.

Form 990, Part VI, Section B, Line 12C

To implement this principle, the mba has established clear guidelines for the conflict of interest policy that officers, directors or trustees, and key employees must follow.

Form 990, Part VI, Section B, Line 15A

Compensation review for the chief operating officer includes the following: review and approval by the board of directors; no members of the board have a conflict of interest with the chief operating officer; and documentation of the decision making process is maintained.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to the public upon request and through the publishing of printed reports.

Filing and Contact Details

Filer

EIN
04-3293798
Phone
6173380500

Signing Officer

Name
Jeffrey Catalano
Title
Treasurer
Phone
6173380500
Signed
2015-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Catalano
Formed
1995
Legal Domicile
Ma
Voting Board Members
21
Independent Board Members
21
Employees
0
Volunteers
0

Preparer

Preparer
David a Diiulis
Phone
6174711120
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization has a budget & finance committee whose purpose is the oversight and review of the audited financial statements and selection of an independent accountant. This procedure has not changed from prior year.

Financial Statement Notes

PART X, LINE 2:

The institute has been notified by the internal revenue service that the qualifications to be classified as a tax exempt entity under sections 501(c)(3) of the internal revenue code. Since the continuance of this status is based upon continuing qualification the institute has identified this as a tax position. However, it has determined that this tax position meets mltn sustainability and does not result in an uncertainty requiring recognition.

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IRS990/Form990PartVIISectionAGrp/PersonNm1ROBERT HARNAIS
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt25118450
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt26113580
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT-ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21MBA INSURANCE AGENCY PRESI
IRS990/Form990PartVIISectionAGrp/TitleTxt22CHIEF OPERATING OFFICER & CHIEF LEGAL COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt23MBA INSURANCE AGENCY EXECU
IRS990/Form990PartVIISectionAGrp/TitleTxt24MBA DIRECTOR OF FISCAL OPE
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR OF MEMBERSHIP AND
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR OF COMMUNICATIONS
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IRS990/Form990TFiledInd01
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
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IRS990/GrossReceiptsAmt0808907
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IRS990/LoanOutstandingInd00
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IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
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IRS990/MissionDesc0THE INSTITUTE DEVELOPS AND DELIVERS EDUCATIONAL PROGRAMS; PUBLISHES SCHOLARLY PUBLICATIONS; DEVELOPS AND IMPLEMENTS COMMUNITY AND PUBLIC SERVICE PROGRAMS; AND PROMOTES THE ADMINISTRATION OF JUSTICE AND RESPECT FOR THE LAW.
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/QuidProQuoContributionsInd00
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IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
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IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0200675
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt04529
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt04529

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.32$18.3$17.0$0.96$1.46$0.51
2024Detailed filing. Detailed filing data is available for this year.$1.39$17.9$16.5$0.89$1.41$0.53
2023Detailed filing. Detailed filing data is available for this year.$1.58$17.6$16.0$0.81$1.33$0.52
2022Detailed filing. Detailed filing data is available for this year.$1.68$17.1$15.5$0.72$1.14$0.42
2021Detailed filing. Detailed filing data is available for this year.$1.80$16.8$15.0$0.71$1.10$0.40
2020Detailed filing. Detailed filing data is available for this year.$1.90$16.5$14.6$0.82$1.32$0.49
2019Detailed filing. Detailed filing data is available for this year.$2.01$16.2$14.1$0.92$1.49$0.57
2018Detailed filing. Detailed filing data is available for this year.$1.96$15.5$13.6$0.85$1.46$0.60
2017Detailed filing. Detailed filing data is available for this year.$1.39$14.4$13.0$0.83$1.41$0.58
2016Detailed filing. Detailed filing data is available for this year.$1.60$14.0$12.4$0.77$1.40$0.63
2015Detailed filing. Detailed filing data is available for this year.$1.82$13.6$11.8$0.76$1.40$0.64
2014Detailed filing. Detailed filing data is available for this year.$1.98$13.1$11.1$0.81$1.42$0.61
2013Summary only. Only limited summary data is available for this year.$2.10$12.6$10.5$0.78$1.35$0.57
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.06$12.0$9.94$1.36
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.25$11.7$9.45$1.36
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.32$11.2$8.85$1.56
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • $1M-$5M nonprofits