Civic Intelligence

Massachusetts Interactive Media Council Inc

990 • Fiscal year 2017 • EIN 04-3295018

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 05, 2018

250 Northern AvenueBoston, MA 02210

(617) 871-2155

Siviq Scores

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

Liabilities / Assets

94th percentile

0.76x

Higher debt load relative to assets than 94% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

46th percentile

0.05x

Higher debt load relative to revenue than 46% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Net Margin

28th percentile

-1.8%

Higher net margin than 28% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

6th percentile

-26%

Faster asset growth than 6% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

8th percentile

-18%

Faster revenue growth than 8% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$61,737

Down $21,659 (-26%) from 2016

Net Assets

Down

$14,802

Down $17,799 (-55%) from 2016

Liabilities

Down

$46,935

Down $3,860 (-7.6%) from 2016

Revenue

Down

$977,154

Down $216,530 (-18%) from 2016

Expenses

Down

$994,953

Down $251,232 (-20%) from 2016

Net Income

Up

-$17,799

Up $34,702 (+66%) from 2016

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $288,942Liabilities 2010: $224Net Assets 2010: $288,7182010Assets 2011: $388,040Liabilities 2011: $5,809Net Assets 2011: $382,2312011Assets 2012: $454,988Liabilities 2012: $19,285Net Assets 2012: $435,7032012Assets 2013: $474,722Liabilities 2013: $39,238Net Assets 2013: $435,4842013Assets 2014: $266,883Liabilities 2014: $17,295Net Assets 2014: $249,5882014Assets 2015: $152,678Liabilities 2015: $67,576Net Assets 2015: $85,1022015Assets 2016: $83,396Liabilities 2016: $50,795Net Assets 2016: $32,6012016Assets 2017: $61,737Liabilities 2017: $46,935Net Assets 2017: $14,8022017Assets 2018: $55,913Liabilities 2018: $35,594Net Assets 2018: $20,3192018Assets 2019: $22,042Liabilities 2019: $9,921Net Assets 2019: $12,1212019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2017

Assets$61,737
Liabilities$46,935
Net Assets$14,802

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,134,7482010Revenue 2011: $1,226,242Expenses 2011: $1,132,729Net Income 2011: $93,5132011Revenue 2012: $1,285,472Expenses 2012: $1,232,000Net Income 2012: $53,4722012Revenue 2013: $1,430,671Expenses 2013: $1,430,890Net Income 2013: -$2192013Revenue 2014: $1,282,972Expenses 2014: $1,468,868Net Income 2014: -$185,8962014Revenue 2015: $1,265,970Expenses 2015: $1,430,456Net Income 2015: -$164,4862015Revenue 2016: $1,193,684Expenses 2016: $1,246,185Net Income 2016: -$52,5012016Revenue 2017: $977,154Expenses 2017: $994,953Net Income 2017: -$17,7992017Revenue 2018: $933,221Expenses 2018: $927,704Net Income 2018: $5,5172018Revenue 2019: $699,066Expenses 2019: $707,264Net Income 2019: -$8,1982019Revenue 2020: $132,327Expenses 2020: $118,208Net Income 2020: $14,1192020

Highlighted filing

2017

Revenue$977,154
Expenses$994,953
Net Income-$17,799
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 5, 2018
Return Version
2017v2.2
Gross Receipts
$977,327
Mission and Program Overview

Mission

To provide a forum for the association of technologists, marketers and others involved in the interactive media industry in order to promote the Commonwealth of Massachusetts as a world center for digital innovation

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$81,011$57,391▼ $23,620
Rtn Earn Endowment Incm Other Fnds$32,601$14,802▼ $17,799
Land, Buildings, and Equipment, Net$2,385$2,628▲ $243
Prepaid Expenses and Deferred Charges-$1,718-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$83,396$61,737▼ $21,659
Other Assets Total-$0-
Liabilities
Other Liabilities$50,795$46,935▼ $3,860
Total Liabilities$50,795$46,935▼ $3,860
Net Assets / Fund Balance
Total Net Assets Fund Balance$32,601$14,802▼ $17,799
Total Liabilities and Net Assets / Fund Balance$83,396$61,737▼ $21,659

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,801$32,166$34,967
Other Land Buildings$-173$12,954$12,781
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Quigley Amy EPresidentFT$198,625$19,571$218,196

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$249,400
Program Service Revenue
$727,927
Investment Income
$-173
Other Revenue
$0
Change in Net Assets
$-17,799
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$576,344
Other Expenses$418,609
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$305,038-$305,038
Current Officers, Directors, Trustees, and Key Employees$167,700$41,925-$209,625
Payroll Taxes$2,305$36,272-$38,577
Information Technology-$24,951-$24,951
Fees for Services Other-$21,586-$21,586
Other Employee Benefits-$16,813-$16,813
Other Expenses$2,625$6,770-$9,395
All Other Expenses$2,002$7,312-$9,314
Office Expenses-$7,324-$7,324
Pension Plan Contributions-$6,291-$6,291
Insurance-$5,056-$5,056
Advertising-$4,876-$4,876
Travel-$3,758-$3,758
Fees for Services Accounting-$2,995-$2,995
Occupancy-$2,337-$2,337
Depreciation Depletion---$1,316
Interest-$974-$974
Total Functional Expenses$472,512$521,125$0$994,953
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Credit Cards Payable$46,016
Profit Sharing Match Payable$917
Rounding$2
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Directors Brian Cusack and Matthew Lindley are both employed by Google.Directors Edward Macri and Frank Mulcahy are both employed by Wayfair.

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

The Organization outsources it's bookkeeping to a third party who performs this service remotely.

Form 990, Part VI, Line 11B: Form 990 Review Process

Initial drafts of form 990 are submitted to the Organization's President as well as to the General Counsel and Clerk. Any questions are promptly presented to the Certified Public Accounting firm preparer, and cleared prior to a final version of form 990 being filed with the Internal Revenue Service.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Officers and Directors of the Organization are not compensated for their services rendered. The Executive Director is a paid position, however. The compensation structure for this person is reviewed annually by the Organization's executive committee. Changes to executive director compensation are made based on comparability data combined with previous year's performance. These initial results are then vetted by the executive committee.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The Organization's executive committee members review and approve salary and wage changes.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Massachusetts Interactive Media
EIN
04-3295018
Phone
6178712155
Address
250 Northern Avenue, Boston, MA 02210

Signing Officer

Name
Amy Quigley
Title
Executive Director
Signed
2018-10-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amy Quigley
Formed
1995
Legal Domicile
Ma
Voting Board Members
29
Independent Board Members
28
Employees
8
Volunteers
29

Preparer

Firm
Nicholas P DiNatale CPA
Address
67 Montvale Avenue Suite 302, Stoneham, MA 02180
Preparer
Nicholas P DiNatale
Phone
7812795103
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Various seminars, networking events and achievement awards events designed to recognize and promote education and success in the interactive media industry of Massachusetts. Participation in these events ranged from 20 to 800 attendees. OTHER PROGRAM SERVICES 5: 8th Annual FutureM Conference - FutureM is a 2-day conference about the future of marketing. With over 100 sessions, workshops and keynotes, FutureM brought together about 600 thinkers and doers in the marketing and technology industry to debate and discuss trends and opportunities. OTHER PROGRAM SERVICES 6: InfluenceHer series Originating in 2016 this event series features quarterly evening events. InfluenceHer encourages change-making conversations empowering women to evolve the technology and innovation workplaces of today. The InfluenceHer community has grown to over 1,000 women from 120 companies. OTHER PROGRAM SERVICES 7: Data Summit, eCommerce Summit, Design Summit and Talent & Career Development Summit each year MITX hosts these four one day summits for an audience of 200-250 attendees. MITX Summits bring together leaders focused on technology and its impact on the future of customer experience.

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