Civic Intelligence

Tie Atlantic Inc

990 • Fiscal year 2022 • EIN 04-3352691

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 02, 2023

Organization ProfileWWW.BOSTON.TIE.ORG
1 Broadway 5th Floor CicCambridge, MA 02142

(617) 225-0419

Siviq Scores

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

Liabilities / Assets

67th percentile

0.18x

Higher debt load relative to assets than 67% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

77th percentile

0.29x

Higher debt load relative to revenue than 77% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2022

Net Margin

41st percentile

1.6%

Higher net margin than 41% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

64th percentile

$84,519

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 13.8% of source-year revenue.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2022

Asset Growth

45th percentile

0.1%

Faster asset growth than 45% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

41st percentile

5.6%

Faster revenue growth than 41% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$982,569

Up $1,446 (+0.1%) from 2021

Net Assets

Up

$805,426

Up $9,819 (+1.2%) from 2021

Liabilities

Down

$177,143

Down $8,373 (-4.5%) from 2021

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin41st percentile

Revenue

Up

$611,943

Up $32,350 (+5.6%) from 2021

Expenses

Up

$602,124

Up $225,915 (+60%) from 2021

Net Income

Down

$9,819

Down $193,565 (-95%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth45th 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

2022

Assets$982,569
Liabilities$177,143
Net Assets$805,426
Open 2022 Filing

Operations Trend

Revenue Growth41st 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

2022

Revenue$611,943
Expenses$602,124
Net Income$9,819
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 2, 2023
Return Version
2022v5.0
Gross Receipts
$611,943
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$687,403$682,408▼ $4,995
Savings and Temporary Cash Investments$220,000$220,000→ $0
Accounts Receivable$71,828$75,697▲ $3,869
Prepaid Expenses and Deferred Charges$477$3,261▲ $2,784
Land, Buildings, and Equipment, Net$955$743▼ $212
Total Assets$981,123$982,569▲ $1,446
Other Assets Total$460$460→ $0
Liabilities
Deferred Revenue$133,063$131,146▼ $1,917
Accounts Payable and Accrued Expenses$52,453$45,997▼ $6,456
Total Liabilities$185,516$177,143▼ $8,373
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$795,607$805,426▲ $9,819
Total Net Assets Fund Balance$795,607$805,426▲ $9,819
Total Liabilities and Net Assets / Fund Balance$981,123$982,569▲ $1,446

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$743$318$1,061
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleBaseTotal
Rowena K MascarenhasExecutive Di$84,519$84,519

Board Members and Trustees

NameTitle
Yash ShahPresident
Anupendra SharmaDirector
Darshana ZaveriDirector
Geetha SreedharDirector
Kiran UppuluriDirector
Sangeeta MoorjaniDirector
Shirish NimgaonkarDirector
Thomas ArulDirector
Venkat MarojuDirector
Zenobia MoochalaDirector
Anu ChitrapuFormer Presi
Asha DixitFormer Treas
Emily Ladd-kravitzSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$398,267
Program Service Revenue
$211,128
Investment Income
$2,548
Other Revenue
$0
All Other Contributions
$151,707
Change in Net Assets
$9,819
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$461,552
Salaries, Compensation, and Employee Benefits$140,572
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$50,746$33,773-$84,519
Other Salaries and Wages$34,047$2,186-$36,233
Fees for Services Accounting-$20,305-$20,305
Other Expenses$16,261$537-$16,798
Fees for Services Other$11,237$2,967-$14,204
Travel$2,830$9,858-$12,688
Payroll Taxes$8,432$3,403-$11,835
Office Expenses$700$10,817-$11,517
Advertising-$8,125-$8,125
Other Employee Benefits$231$7,754-$7,985
Occupancy-$5,550-$5,550
Insurance-$3,454-$3,454
Depreciation Depletion-$212-$212
Information Technology$22--$22
Total Functional Expenses$466,259$135,865$0$602,124
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
Yes
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
1 BROADWAY 5TH FLOOR CIC, CAMBRIDGE, MA 02142

Signing Officer

Name
Yash Shah
Title
President
Phone
6172250419
Signed
2023-10-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Yash Shah
Formed
1997
Legal Domicile
Ma
Voting Board Members
11
Independent Board Members
11
Employees
4
Volunteers
11

Preparer

Firm
Anstiss & Co Pc
Address
6 OMNI WAY STE 201, CHELMSFORD, MA 01824-4187
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, Page 2, Part III, Line 4D

“Activities that support tie-boston's vision to support entrepreneurs through their lifecycle - from ideation to creation, through growth, wealth creation and ultimately, support of current and future founders.”

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 (irc) section 501(c)(6). Therefore, they are generally exempt from federal and state income taxes. Accordingly, no provision for income taxes has been provided for the accompanying financial statements. The organization is required by asc 740-10, "accounting for uncertainty in income taxes," to evaluate and disclose tax positions that could have an effect on the organization's financial statements. The organization reports its activities to the internal revenue service 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. The organization believes it is no longer subject to review by taxing authorities for periods before 2019. 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/OtherExpensesGrp/ManagementAndGeneralAmt1537
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IRS990/OtherExpensesGrp/ProgramServicesAmt1137668
IRS990/OtherExpensesGrp/ProgramServicesAmt211296
IRS990/OtherExpensesGrp/ProgramServicesAmt316261
IRS990/OtherExpensesGrp/TotalAmt0192789
IRS990/OtherExpensesGrp/TotalAmt1137668
IRS990/OtherExpensesGrp/TotalAmt238220
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0ACTIVITIES THAT SUPPORT TIE-BOSTON'S VISION TO SUPPORT ENTREPRENEURS THROUGH THEIR LIFECYCLE - FROM IDEATION TO CREATION, THROUGH GROWTH, WEALTH CREATION AND ULTIMATELY, SUPPORT OF CURRENT AND FUTURE FOUNDERS.
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IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0318
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01061
IRS990ScheduleD/FootnoteTextInd0X
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 (IRC) SECTION 501(C)(6). THEREFORE, THEY ARE GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED FOR THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION IS REQUIRED BY ASC 740-10, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES," TO EVALUATE AND DISCLOSE TAX POSITIONS THAT COULD HAVE AN EFFECT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION REPORTS ITS ACTIVITIES TO THE INTERNAL REVENUE SERVICE 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. THE ORGANIZATION BELIEVES IT IS NO LONGER SUBJECT TO REVIEW BY TAXING AUTHORITIES FOR PERIODS BEFORE 2019. 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
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0743
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IRS990/ScheduleORequiredInd0true
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/ExplanationTxt1ACTIVITIES THAT SUPPORT TIE-BOSTON'S VISION TO SUPPORT ENTREPRENEURS THROUGH THEIR LIFECYCLE - FROM IDEATION TO CREATION, THROUGH GROWTH, WEALTH CREATION AND ULTIMATELY, SUPPORT OF CURRENT AND FUTURE FOUNDERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TIE-BOSTON IS A MEMBERSHIP ORGANIZATION EXEMPT UNDER SEC. 501(C)(6) OF THE IRC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS REVIEWED BY ALL THE BOARD MEMBERS AT A FULL BOARD MEETNG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANNUAL REVIEW, ACKNOWLEDGEMENT AND DISCLOSURE BY BOARD MEMBERS AND SENIOR OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THESE DOCUMENTS ARE AVAILABLE IN THE MAIN OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0466259
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0611943
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0CAMBRIDGE
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002142
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.BOSTON.TIE.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0YASH SHAH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06172250419
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-02
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ReturnHeader/Filer/BusinessNameControlTxt0TIE-
ReturnHeader/Filer/EIN0043352691
ReturnHeader/Filer/PhoneNum06172250419
ReturnHeader/Filer/USAddress/AddressLine1Txt01 BROADWAY 5TH FLOOR CIC
ReturnHeader/Filer/USAddress/CityNm0CAMBRIDGE
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042917204
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ANSTISS & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06 OMNI WAY STE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHELMSFORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0018244187
ReturnHeader/PreparerPersonGrp/PhoneNum09784522500
ReturnHeader/PreparerPersonGrp/PreparationDt02023-10-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAYNE A ANDREWS
ReturnHeader/ReturnTs02023-10-11T13:44:39-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0YASH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SHAH
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$982,569
Liabilities
$177,143
Net assets
$805,426
Revenue
$611,943
Expenses
$602,124
Net income
$9,819
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