Civic Intelligence

Tie Atlantic Inc

990 • Fiscal year 2020 • EIN 04-3352691

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

Organization ProfileWWW.BOSTON.TIE.ORG
101 Main Street 14th FloorCambridge, MA 02142

(617) 225-0419

Siviq Scores

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

Liabilities / Assets

74th percentile

0.28x

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

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

92nd percentile

0.75x

Higher debt load relative to revenue than 92% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Net Margin

73rd percentile

16%

Higher net margin than 73% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

59th percentile

$78,412

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 25.3% of source-year revenue.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Asset Growth

76th percentile

20%

Faster asset growth than 76% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

10th percentile

-45%

Faster revenue growth than 10% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$823,218

Up $137,453 (+20%) from 2019

Net Assets

Up

$592,223

Up $48,978 (+9.0%) from 2019

Liabilities

Up

$230,995

Up $88,475 (+62%) from 2019

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin73rd percentile

Revenue

Down

$309,826

Down $254,519 (-45%) from 2019

Expenses

Down

$260,848

Down $301,336 (-54%) from 2019

Net Income

Up

$48,978

Up $46,817 (+2166%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

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

$1.5M$1.0M$500K$0Assets 2010: $695,032Liabilities 2010: $113,462Net Assets 2010: $581,5702010Assets 2011: $763,079Liabilities 2011: $111,745Net Assets 2011: $651,3342011Assets 2012: $683,753Liabilities 2012: $112,559Net Assets 2012: $571,1942012Assets 2013: $676,636Liabilities 2013: $119,235Net Assets 2013: $557,4012013Assets 2014: $649,718Liabilities 2014: $143,119Net Assets 2014: $506,5992014Assets 2015: $906,864Liabilities 2015: $250,331Net Assets 2015: $656,5332015Assets 2016: $1,027,547Liabilities 2016: $227,375Net Assets 2016: $800,1722016Assets 2017: $802,965Liabilities 2017: $140,590Net Assets 2017: $662,3752017Assets 2018: $677,265Liabilities 2018: $136,181Net Assets 2018: $541,0842018Assets 2019: $685,765Liabilities 2019: $142,520Net Assets 2019: $543,2452019Assets 2020: $823,218Liabilities 2020: $230,995Net Assets 2020: $592,2232020Assets 2021: $981,123Liabilities 2021: $185,516Net Assets 2021: $795,6072021Assets 2022: $982,569Liabilities 2022: $177,143Net Assets 2022: $805,4262022Assets 2023: $966,739Liabilities 2023: $191,115Net Assets 2023: $775,6242023Assets 2024: $902,425Liabilities 2024: $183,929Net Assets 2024: $718,4962024

Highlighted filing

2020

Assets$823,218
Liabilities$230,995
Net Assets$592,223
Open 2020 Filing

Operations Trend

Revenue Growth10th percentile

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

$1.0M$500K$0-$500KExpenses 2010: $521,8302010Expenses 2011: $508,6082011Expenses 2012: $607,8302012Revenue 2013: $596,803Expenses 2013: $610,596Net Income 2013: -$13,7932013Revenue 2014: $571,500Expenses 2014: $622,302Net Income 2014: -$50,8022014Revenue 2015: $614,432Expenses 2015: $464,498Net Income 2015: $149,9342015Revenue 2016: $610,497Expenses 2016: $466,858Net Income 2016: $143,6392016Revenue 2017: $546,414Expenses 2017: $684,211Net Income 2017: -$137,7972017Revenue 2018: $464,639Expenses 2018: $585,930Net Income 2018: -$121,2912018Revenue 2019: $564,345Expenses 2019: $562,184Net Income 2019: $2,1612019Revenue 2020: $309,826Expenses 2020: $260,848Net Income 2020: $48,9782020Revenue 2021: $579,593Expenses 2021: $376,209Net Income 2021: $203,3842021Revenue 2022: $611,943Expenses 2022: $602,124Net Income 2022: $9,8192022Revenue 2023: $492,300Expenses 2023: $522,102Net Income 2023: -$29,8022023Revenue 2024: $495,017Expenses 2024: $552,145Net Income 2024: -$57,1282024

Highlighted filing

2020

Revenue$309,826
Expenses$260,848
Net Income$48,978
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$309,826
Mission and Program Overview

Mission

Tie-boston, inc. Was formed in 1997 with its core mission to foster, encourage and suport entrepreneurship in the new england region. Through 8 vibrant programs on education, mentoring and networking, tie-boston delivers on creating entrepreneurs that will add value to society.

Tie-boston, inc. Was formed in 1997 with its core mission to foster, encourage and support entrepreneurship in the new england region. Through 8 vibrant programs on education, mentoring and networking, tie-boston delivers on creating entrepreneurs that will add value to society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$443,939$581,322▲ $137,383
Savings and Temporary Cash Investments$212,462$220,000▲ $7,538
Prepaid Expenses and Deferred Charges$1,767$11,748▲ $9,981
Accounts Receivable$16,000$5,000▼ $11,000
Land, Buildings, and Equipment, Net$3,932$2,956▼ $976
Intangible Assets$6,360$1,272▼ $5,088
Total Assets$685,765$823,218▲ $137,453
Other Assets Total$1,305$920▼ $385
Liabilities
Deferred Revenue$97,786$185,135▲ $87,349
Accounts Payable and Accrued Expenses$44,734$45,860▲ $1,126
Total Liabilities$142,520$230,995▲ $88,475
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$543,245$592,223▲ $48,978
Total Net Assets Fund Balance$543,245$592,223▲ $48,978
Total Liabilities and Net Assets / Fund Balance$685,765$823,218▲ $137,453

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,665$4,245$6,910
Equipment$291$3,037$3,328
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Simone C LaprayExecutive DiFT$75,000$3,412$78,412

Board Members and Trustees

NameTitle
Anu ChitrapuPresident Si
Nilanjana BhowmikPresident Ti
Darshana ZaveriDirector
Joseph GentileDirector
Neeraj ChandraDirector
Neil ChhedaDirector
Nikhil BhojwaniDirector
Payal AgrawalDirector
Sangeeta MoorjaniDirector
Swapan JhaDirector
Thara PillaiDirector
Thomas ArulDirector
Hitesh AuroraFormer Direc
Emily Ladd-kravitzSecretary
Asha DixitTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$206,722
Program Service Revenue
$101,333
Investment Income
$1,771
Other Revenue
$0
Change in Net Assets
$48,978

Audited Revenue Reconciliation

Revenue per Audited Statements
$309,826
Total Revenue per Audited Statements
$309,826
Total Revenue per Form 990
$309,826
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$141,398
Other Expenses$119,450
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$62,897$15,515-$78,412
Other Salaries and Wages$45,501$3,219-$48,720
Fees for Services Other$37,608$2,977-$40,585
Fees for Services Accounting-$19,575-$19,575
Office Expenses$738$14,526-$15,264
Payroll Taxes$9,297$4,227-$13,524
Depreciation Depletion-$6,065-$6,065
Other Expenses$5,769$9,062-$5,769
Occupancy-$4,240-$4,240
Insurance-$3,404-$3,404
Other Employee Benefits-$742-$742
Advertising$487$189-$676
Information Technology$10$287-$297
Travel$46$32-$78
Total Functional Expenses$176,788$84,060$0$260,848

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$260,848
Total Expenses per Audited Statements$260,848
Total Expenses per Form 990$260,848
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
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 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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“Tie-boston is a membership organization exempt under sec. 501(c)(6) of the irc.”

Form 990, Page 6, Part VI, Line 11B

“The form 990 is reviewed by all the board members at a full board meetng.”

Form 990, Page 6, Part VI, Line 12C

“Annual review, acknowledgement and disclosure by board members and senior officers.”

Form 990, Page 6, Part VI, Line 19

“These documents are available in the main office upon request.”

Filing and Contact Details

Filer

Filer Name
Tie-boston Inc
EIN
04-3352691
Phone
6172250419
Address
101 MAIN STREET 14TH FLOOR, CAMBRIDGE, MA 02142

Signing Officer

Name
Asha Dixit
Title
Treasurer
Phone
6172250419
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Asha Dixit
Formed
1997
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
10
Employees
3
Volunteers
5

Preparer

Firm
Anstiss & Co Pc
Address
6 OMNI WAY SUITE 201, CHELMSFORD, MA 01824-4141
Preparer
Jayne a Andrews
Phone
9784522500
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Tie-boston, inc. Was formed in 1997 with its core mission to foster, encourage and support entrepreneurship in the new england region. Through 8 vibrant programs on education, mentoring and networking, tie-boston delivers on creating entrepreneurs that will add value to society.”

Form 990, Part IX, Line 11G

“Other fees 37,608 2,977 0”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization incorporated under chapter 180 of the massachusetts general laws as a tax exempt entity has been granted tax-exempt status under internal revenue code section 501(c)(6). Therefore, it is generally exempt from federal and state income taxes. Accordingly, no provision for income taxes has been provided for in the accompanying financial statements. The organization reports its activities to the internal revenue service and to the commonwealth of massachusetts on an annual basis. These informational returns are generally subject to audit and review by the governmental agencies for a period of three years after filing. Management believes it is no longer subject to review by taxing authorities for periods prior to 2018. Substantially all of the organization's income, expenditures and activities relate to its exempt purpose. Therefore, management has determined that the organization is not subject to unrelated business income taxes and will continue to qualify as a tax exempt not for profit entity.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT TI
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION INCORPORATED UNDER CHAPTER 180 OF THE MASSACHUSETTS GENERAL LAWS AS A TAX EXEMPT ENTITY HAS BEEN GRANTED TAX-EXEMPT STATUS UNDER INTERNAL REVENUE CODE SECTION 501(C)(6). THEREFORE, IT IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED FOR IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION REPORTS ITS ACTIVITIES TO THE INTERNAL REVENUE SERVICE AND TO THE COMMONWEALTH OF MASSACHUSETTS ON AN ANNUAL BASIS. THESE INFORMATIONAL RETURNS ARE GENERALLY SUBJECT TO AUDIT AND REVIEW BY THE GOVERNMENTAL AGENCIES FOR A PERIOD OF THREE YEARS AFTER FILING. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO REVIEW BY TAXING AUTHORITIES FOR PERIODS PRIOR TO 2018. SUBSTANTIALLY ALL OF THE ORGANIZATION'S INCOME, EXPENDITURES AND ACTIVITIES RELATE TO ITS EXEMPT PURPOSE. THEREFORE, MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAXES AND WILL CONTINUE TO QUALIFY AS A TAX EXEMPT NOT FOR PROFIT ENTITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TIE-BOSTON, INC. WAS FORMED IN 1997 WITH ITS CORE MISSION TO FOSTER, ENCOURAGE AND SUPPORT ENTREPRENEURSHIP IN THE NEW ENGLAND REGION. THROUGH 8 VIBRANT PROGRAMS ON EDUCATION, MENTORING AND NETWORKING, TIE-BOSTON DELIVERS ON CREATING ENTREPRENEURS THAT WILL ADD VALUE TO SOCIETY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TIE-BOSTON IS A MEMBERSHIP ORGANIZATION EXEMPT UNDER SEC. 501(C)(6) OF THE IRC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY ALL THE BOARD MEMBERS AT A FULL BOARD MEETNG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUAL REVIEW, ACKNOWLEDGEMENT AND DISCLOSURE BY BOARD MEMBERS AND SENIOR OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THESE DOCUMENTS ARE AVAILABLE IN THE MAIN OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OTHER FEES 37,608 2,977 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
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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
$823,218
Liabilities
$230,995
Net assets
$592,223
Revenue
$309,826
Expenses
$260,848
Net income
$48,978
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.90$0.18$0.72$0.50$0.55$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.97$0.19$0.78$0.49$0.52$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.98$0.18$0.81$0.61$0.60$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.98$0.19$0.80$0.58$0.38$0.20
2020Detailed filing. Detailed filing data is available for this year.$0.82$0.23$0.59$0.31$0.26$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.69$0.14$0.54$0.56$0.56$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.68$0.14$0.54$0.46$0.59$0.12
2017Detailed filing. Detailed filing data is available for this year.$0.80$0.14$0.66$0.55$0.68$0.14
2016Detailed filing. Detailed filing data is available for this year.$1.03$0.23$0.80$0.61$0.47$0.14
2015Detailed filing. Detailed filing data is available for this year.$0.91$0.25$0.66$0.61$0.46$0.15
2014Detailed filing. Detailed filing data is available for this year.$0.65$0.14$0.51$0.57$0.62$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.68$0.12$0.56$0.60$0.61$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.11$0.57$0.61
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.76$0.11$0.65$0.51
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.70$0.11$0.58$0.52