Civic Intelligence

Massachusetts Technology Leadership Council Education Foundation Inc

990 • Fiscal year 2020 • EIN 04-3345035

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 04, 2021

Organization ProfileN/A
420 Bedford Street No 250Lexington, MA 02420

(781) 993-9000

Siviq Scores

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

Liabilities / Assets

74th percentile

0.09x

Higher debt load relative to assets than 74% of similar nonprofits.

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

Liabilities / Revenue

79th percentile

0.13x

Higher debt load relative to revenue than 79% of similar nonprofits.

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

Net Margin

56th percentile

9.0%

Higher net margin than 56% of similar nonprofits.

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

Top Officer Pay

99th percentile

$141,775

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 261.6% of source-year revenue.

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

Asset Growth

52nd percentile

5.0%

Faster asset growth than 52% of similar nonprofits.

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

Revenue Growth

32nd percentile

-35%

Faster revenue growth than 32% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$83,491

Up $3,938 (+5.0%) from 2019

Net Assets

Up

$76,296

Up $4,883 (+6.8%) from 2019

Liabilities

Down

$7,195

Down $945 (-12%) from 2019

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin56th percentile

Revenue

Down

$54,204

Down $28,572 (-35%) from 2019

Expenses

Down

$49,321

Down $13,096 (-21%) from 2019

Net Income

Down

$4,883

Down $15,476 (-76%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth52nd percentile

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

$400K$300K$200K$100K$0Assets 2010: $33,173Liabilities 2010: $0Net Assets 2010: $33,1732010Assets 2011: $25,876Liabilities 2011: $02011Assets 2012: $28,129Net Assets 2012: $28,1292012Assets 2013: $355,465Liabilities 2013: $0Net Assets 2013: $355,4652013Assets 2014: $300,130Liabilities 2014: $81,400Net Assets 2014: $218,7302014Assets 2015: $224,762Liabilities 2015: $56,387Net Assets 2015: $168,3752015Assets 2016: $149,889Liabilities 2016: $2,207Net Assets 2016: $147,6822016Assets 2017: $177,370Liabilities 2017: $118,219Net Assets 2017: $59,1512017Assets 2018: $74,878Liabilities 2018: $23,823Net Assets 2018: $51,0552018Assets 2019: $79,553Liabilities 2019: $8,140Net Assets 2019: $71,4132019Assets 2020: $83,491Liabilities 2020: $7,195Net Assets 2020: $76,2962020Assets 2021: $81,737Liabilities 2021: $5,100Net Assets 2021: $76,6372021

Highlighted filing

2020

Assets$83,491
Liabilities$7,195
Net Assets$76,296
Open 2020 Filing

Operations Trend

Revenue Growth32nd percentile

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

$400K$200K$0-$200KRevenue 2010: $3,421Expenses 2010: $5,091Net Income 2010: -$1,6702010Revenue 2011: $1,238Expenses 2011: $7,387Net Income 2011: -$6,1492011Revenue 2012: $978Expenses 2012: $35Net Income 2012: $9432012Revenue 2013: $361,330Expenses 2013: $36,373Net Income 2013: $324,9572013Revenue 2014: $98,947Expenses 2014: $235,682Net Income 2014: -$136,7352014Revenue 2015: $119,722Expenses 2015: $169,887Net Income 2015: -$50,1652015Revenue 2016: $158,587Expenses 2016: $179,280Net Income 2016: -$20,6932016Revenue 2017: $114,315Expenses 2017: $202,846Net Income 2017: -$88,5312017Revenue 2018: $141,471Expenses 2018: $149,567Net Income 2018: -$8,0962018Revenue 2019: $82,776Expenses 2019: $62,417Net Income 2019: $20,3592019Revenue 2020: $54,204Expenses 2020: $49,321Net Income 2020: $4,8832020Revenue 2021: $42,381Expenses 2021: $42,039Net Income 2021: $3422021

Highlighted filing

2020

Revenue$54,204
Expenses$49,321
Net Income$4,883
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 4, 2021
Return Version
2020v4.1
Gross Receipts
$54,204
Mission and Program Overview

Mission

The foundation works to advance computing education in massachusetts.

The masstlc education foundation (ed foundation), a 501(c)3 founded in 1996, embraces a mission to support and promote computer science education. As a world-class center of excellence in education, high tech, biotech, healthcare and finance. Massachusetts is heavily dependent on the state's capacity to generate computing talent capable of driving innovation. The ed foundation seeks to build a computer science talent pipeline to address that need as well as to counteract the continued growth of wage and employment inequality. The ed foundation focuses on cs education for all k-12 and beyond.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$79,553$83,491▲ $3,938
Total Assets$79,553$83,491▲ $3,938
Liabilities
Mortgage Notes Payable Secured by Investment Property$0$6,000▲ $6,000
Accounts Payable and Accrued Expenses$8,140$1,195▼ $6,945
Total Liabilities$8,140$7,195▼ $945
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$71,413$76,296▲ $4,883
Total Net Assets Fund Balance$71,413$76,296▲ $4,883
Total Liabilities and Net Assets / Fund Balance$79,553$83,491▲ $3,938
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Tom HopcroftPresident-$141,775$141,775
Sara FraimExecutive DirectorPT$91,859$91,859

Board Members and Trustees

NameTitle
Heather DanforthDirector
Lynn BaileyDirector
Matthew LittlewoodTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$54,204
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$54,204
Change in Net Assets
$4,883
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$43,759
Other Expenses$5,562
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$40,090-$40,090
Fees for Services Accounting-$5,481-$5,481
Payroll Taxes-$3,669-$3,669
Office Expenses-$81-$81
Total Functional Expenses$0$49,321$0$49,321
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Before filing the form 990, the executive director reviews the tax return in detail. It is then distributed to the board of directors, who notify the executive director of any changes that they feel should be made. Upon final discussion the executive director signs and files the form 990 with the appropriate authorities.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents available upon request. The organization also has its annual report available electronically, via the commonwealth of massachusetts website.”

Filing and Contact Details

Filer

Filer Name
Massachusetts Technology Leadership
EIN
04-3345035
Phone
7819939000
Address
420 BEDFORD STREET NO 250, LEXINGTON, MA 02420

Signing Officer

Name
Tom Hopcroft
Title
President
Phone
7819939000
Signed
2021-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Hopcroft
Formed
1996
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Katz Nannis Solomon Pc
Address
800 SOUTH STREET SUITE 250, WALTHAM, MA 02453-1480
Preparer
Jeffrey D Solomon CPA Cva
Phone
7814538700
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“With the onset of the covid-19 pandemic in march, 2020, all events changed to virtual and online events. In person events were not held after march, 2020. This has continued into 2021. When the pandemic protocols ease and in person/indoor meetings no longer pose a concern, mtlcef will return to holding in person events. However, some events were virtual/online prior to the pandemic and so there will be some virtual/online post-pandemic events that continue to be presented using this medium.”

Raw XML Appendix337 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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IRS990/ActivityOrMissionDesc0THE MASSTLC EDUCATION FOUNDATION (ED FOUNDATION), A 501(C)3 FOUNDED IN 1996, EMBRACES A MISSION TO SUPPORT AND PROMOTE COMPUTER SCIENCE EDUCATION. AS A WORLD-CLASS CENTER OF EXCELLENCE IN EDUCATION, HIGH TECH, BIOTECH, HEALTHCARE AND FINANCE. MASSACHUSETTS IS HEAVILY DEPENDENT ON THE STATE'S CAPACITY TO GENERATE COMPUTING TALENT CAPABLE OF DRIVING INNOVATION. THE ED FOUNDATION SEEKS TO BUILD A COMPUTER SCIENCE TALENT PIPELINE TO ADDRESS THAT NEED AS WELL AS TO COUNTERACT THE CONTINUED GROWTH OF WAGE AND EMPLOYMENT INEQUALITY. THE ED FOUNDATION FOCUSES ON CS EDUCATION FOR ALL K-12 AND BEYOND.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WITH THE ONSET OF THE COVID-19 PANDEMIC IN MARCH, 2020, ALL EVENTS CHANGED TO VIRTUAL AND ONLINE EVENTS. IN PERSON EVENTS WERE NOT HELD AFTER MARCH, 2020. THIS HAS CONTINUED INTO 2021. WHEN THE PANDEMIC PROTOCOLS EASE AND IN PERSON/INDOOR MEETINGS NO LONGER POSE A CONCERN, MTLCEF WILL RETURN TO HOLDING IN PERSON EVENTS. HOWEVER, SOME EVENTS WERE VIRTUAL/ONLINE PRIOR TO THE PANDEMIC AND SO THERE WILL BE SOME VIRTUAL/ONLINE POST-PANDEMIC EVENTS THAT CONTINUE TO BE PRESENTED USING THIS MEDIUM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BEFORE FILING THE FORM 990, THE EXECUTIVE DIRECTOR REVIEWS THE TAX RETURN IN DETAIL. IT IS THEN DISTRIBUTED TO THE BOARD OF DIRECTORS, WHO NOTIFY THE EXECUTIVE DIRECTOR OF ANY CHANGES THAT THEY FEEL SHOULD BE MADE. UPON FINAL DISCUSSION THE EXECUTIVE DIRECTOR SIGNS AND FILES THE FORM 990 WITH THE APPROPRIATE AUTHORITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. THE ORGANIZATION ALSO HAS ITS ANNUAL REPORT AVAILABLE ELECTRONICALLY, VIA THE COMMONWEALTH OF MASSACHUSETTS WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TaxExemptBondsInd00
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$83,491
Liabilities
$7,195
Net assets
$76,296
Revenue
$54,204
Expenses
$49,321
Net income
$4,883
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.82$0.05$0.77$0.42$0.42$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.83$0.07$0.76$0.54$0.49$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.80$0.08$0.71$0.83$0.62$0.20
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.75$0.24$0.51$1.41$1.50$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.77$1.18$0.59$1.14$2.03$0.89
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.50$0.02$1.48$1.59$1.79$0.21
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.25$0.56$1.68$1.20$1.70$0.50
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$3.00$0.81$2.19$0.99$2.36$1.37
2013Detailed filing. Detailed filing data is available for this year.$3.55$0.00$3.55$3.61$0.36$3.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.28$0.01$0.00$0.01
2011Summary only. Only limited summary data is available for this year.$0.26$0.00$0.01$0.07$0.06
2010Summary only. Only limited summary data is available for this year.$0.33$0.00$0.33$0.03$0.05$0.02
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • <$500k nonprofits