Massachusetts Economic Development Foundation Inc.

990EZ • Fiscal year 2013 • EIN 04-3451191

Jul 01, 2012 to Jun 30, 2013 • Filed on Oct 07, 2013

Organization Profile WWW.MASSECON.COM

101 Walnut StreetWatertown, MA 02472

Siviq Scores

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

0.40x

Higher debt load relative to assets than 87% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

1.30x

Higher debt load relative to revenue than 96% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

-51%

Higher net margin than 8% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

No value available

This filing does not contain officer compensation rows.

Source year 2013

-26%

Faster asset growth than 17% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

-44%

Faster revenue growth than 10% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Balance Sheet

Liabilities / Assets87th percentile

Assets

Down

$21,364

Down $7,494 (-26%) from 2012

Net Assets

Down

$12,921

Down $3,337 (-21%) from 2012

Liabilities

Down

$8,443

Down $4,157 (-33%) from 2012

Revenue And Expenses

Liabilities / Revenue96th percentile Net Margin8th percentile

Revenue

Down

$6,505

Down $5,195 (-44%) from 2012

Expenses

Down

$9,842

Down $10,710 (-52%) from 2012

Net Income

-$3,337

Up $5,515 (+62%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

Highlighted filing

2013

Assets$21,364

Liabilities$8,443

Net Assets$12,921

Open 2013 Filing

Operations Trend

Revenue Growth10th percentile

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

Highlighted filing

2013

Revenue$6,505

Expenses$9,842

Net Income-$3,337

Open 2013 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2012 to Jun 30, 2013
Signed: Oct 7, 2013
Return Version: 2012v2.1

Mission and Program Overview

Mission

To promote and educate the community about economic development in massachusetts

Filing and Contact Details

Filer

EIN: 04-3451191

Raw XML Appendix147 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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IRS990EZ/ActivitiesNotPreviouslyRpt	0	0
IRS990EZ/AmountOfTaxImposedOnOrgMgr	0	0
IRS990EZ/AmountOfTaxReimbursedByOrg	0	0
IRS990EZ/CashSavingsAndInvestments/BOY	0	16258
IRS990EZ/CashSavingsAndInvestments/EOY	0	12921
IRS990EZ/DirectIndirectPoliticalExpend	0	0
IRS990EZ/DoesOrgHaveHospital	0	0
IRS990EZ/EngagedInExcessBenefitTrans	0	0
IRS990EZ/EngageInLobbyingActivities	0	0
IRS990EZ/EngagePoliticalCmpgnActivities	0	0
IRS990EZ/ExcessOrDeficitForYear	0	-3337
IRS990EZ/FeesAndOthPymtToIndContractors	0	313
IRS990EZ/FiledScheduleA	0	1
IRS990EZ/ForeignFinancialAccount	0	0
IRS990EZ/ForeignOffice	0	0
IRS990EZ/GrossReceipts	0	6505
IRS990EZ/InfoInScheduleOPartI	0	X
IRS990EZ/InfoInScheduleOPartII	0	X
IRS990EZ/InfoInScheduleOPartIII	0	X
IRS990EZ/InfoInScheduleOPartV	0	X
IRS990EZ/MadeChangesToOrgnzngEtcDoc	0	0
IRS990EZ/MadeLoansToFromOfficers	0	0
IRS990EZ/MaintainAnyDonorAdvisedFunds	0	0
IRS990EZ/MethodOfAccountingAccrual	0	X
IRS990EZ/NetAssetsOrFundBalances/BOY	0	16258
IRS990EZ/NetAssetsOrFundBalancesBOY	0	16258
IRS990EZ/NetAssetsOrFundBalances/EOY	0	12921
IRS990EZ/NetAssetsOrFundBalancesEOY	0	12921
IRS990EZ/OccupancyRentUtilitiesAndMaint	0	561
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	0	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	1	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	2	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	3	2.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	0	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	1	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	2	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	3	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ContriToEmplBenefitPlansEtc	0	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ContriToEmplBenefitPlansEtc	1	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ContriToEmplBenefitPlansEtc	2	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ContriToEmplBenefitPlansEtc	3	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ExpenseAccountOtherAllowances	0	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ExpenseAccountOtherAllowances	1	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ExpenseAccountOtherAllowances	2	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ExpenseAccountOtherAllowances	3	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	0	FRED MULLIGAN
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	1	GEOFF HOWELL
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	2	BRIAN COHEN
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	3	SUSAN HOUSTON
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	0	DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	1	DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	2	DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	3	EXECUTIVE DIRECTOR
IRS990EZ/OperatingSchool	0	0
IRS990EZ/Organization501c3	0	X
IRS990EZ/OrganizationDissolvedEtc	0	0
IRS990EZ/OrganizationHadUBI	0	0
IRS990EZ/OtherAssetsTotal/BOY	0	12600
IRS990EZ/OtherAssetsTotal/EOY	0	8443
IRS990EZ/OtherChangesInNetAssets	0	0
IRS990EZ/OtherExpensesTotal	0	1633
IRS990EZ/PartVIAHghstPaidCntrctProfSer	0	NONE
IRS990EZ/PartVIOfCompOfHighestPaidEmpl	0	NONE
IRS990EZ/PrimaryExemptPurpose	0	TO PROMOTE AND EDUCATE THE COMMUNITY ABOUT ECONOMIC DEVELOPMENT IN MASSACHUSETTS.
IRS990EZ/PrintingPublicationsPostage	0	10
IRS990EZ/ProgramServiceAccomplishment/DescriptionProgramServiceAccom	0	THE FOUNDATION MARKETS MASSACHUSETTS AS A PLACE TO DO BUSINESS, HOSTS EDUCATIONAL PROGRAMS RELATING TO THE ECONOMY AND PROVIDES SERVICES THAT ENHANCE JOB CREATION
IRS990EZ/ProgramServiceAccomplishment/GrantsAndAllocations	0	0
IRS990EZ/ProgramServiceAccomplishment/ProgramServiceExpenses	0	8165
IRS990EZ/ProgramServiceRevenue	0	6505
IRS990EZ/ProhibitedTaxShelterTrans	0	0
IRS990EZ/RelatedOrgControlledEntity	0	0
IRS990EZ/SalariesOtherCompEmplBenefits	0	7325
IRS990EZ/ScheduleBNotRequired	0	X
IRS990EZ/StatesWhereCopyOfReturnIsFiled	0	MA
IRS990EZ/SubjectToProxyTax	0	0
IRS990EZ/SumOfTotalLiabilities/BOY	0	12600
IRS990EZ/SumOfTotalLiabilities/EOY	0	8443
IRS990EZ/TanningServicesProvided	0	0
IRS990EZ/TaxImposedUnderIRC4911	0	0
IRS990EZ/TaxImposedUnderIRC4912	0	0
IRS990EZ/TaxImposedUnderIRC4955	0	0
IRS990EZ/TheBooksAreInCareOf/AddressUS/AddressLine1	0	101 WALNUT STREET
IRS990EZ/TheBooksAreInCareOf/AddressUS/City	0	WATERTOWN
IRS990EZ/TheBooksAreInCareOf/AddressUS/State	0	MA
IRS990EZ/TheBooksAreInCareOf/AddressUS/ZIPCode	0	02472
IRS990EZ/TheBooksAreInCareOf/NameBusiness/BusinessNameLine1	0	SUSAN HOUSTON
IRS990EZ/TheBooksAreInCareOf/TelephoneNumber	0	6179244600
IRS990EZ/TotalAssets/BOY	0	28858
IRS990EZ/TotalAssets/EOY	0	21364
IRS990EZ/TotalExpenses	0	9842
IRS990EZ/TotalProgramServiceExpenses	0	8165
IRS990EZ/TotalRevenue	0	6505
IRS990EZ/TrnsfrsExemptNonCharRelatedOrg	0	0
IRS990EZ/WebSite	0	MASSECON.COM
IRS990ScheduleA/ContribBy35ControlledEntity	0	0
IRS990ScheduleA/ContribByControllingIndividual	0	0
IRS990ScheduleA/ContributionByRelatedParty	0	0
IRS990ScheduleA/SumOfAmounts	0	0
IRS990ScheduleA/SupportedOrgInformation/Amount	0	0
IRS990ScheduleA/SupportedOrgInformation/EIN	0	043172007
IRS990ScheduleA/SupportedOrgInformation/ListedInGoverningDoc	0	1
IRS990ScheduleA/SupportedOrgInformation/Name/BusinessNameLine1	0	MASS ALLIANCE FOR ECON DEVELOPMENT
IRS990ScheduleA/SupportedOrgInformation/OrganizedInUS	0	1
IRS990ScheduleA/SupportedOrgInformation/SupportedOrganizationNotified	0	1
IRS990ScheduleA/SupportedOrgInformation/TypeOfOrganization	0	501(C)(6)
IRS990ScheduleA/SupportingOrg509a3Type1	0	X
IRS990ScheduleA/SupportingOrganization509a3	0	X
IRS990ScheduleA/TotalNumberOfSupportedOrgs	0	1
IRS990ScheduleO/GeneralExplanation/Explanation	0	DESCRIPTION: LOCATION SUPPORT-DATA SERVICES. AMOUNT: 1,126. DESCRIPTION: TRAVEL & MEALS. AMOUNT: 139. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 46. DESCRIPTION: INSURANCE. AMOUNT: 65. DESCRIPTION: COMPUTER MAINTENANCE AND EQUIPMENT. AMOUNT: 40. DESCRIPTION: PAYROLL SERVICE FEE. AMOUNT: 44. DESCRIPTION: MEMBERSHIPS. AMOUNT: 49. DESCRIPTION: OTHER EXPENSES. AMOUNT: 6. DESCRIPTION: BANK & CREDIT CARD FEES. AMOUNT: 29. DESCRIPTION: STAFF TRAINING. AMOUNT: 14. DESCRIPTION: SUBSCRIPTIONS. AMOUNT: 1. DESCRIPTION: MAINTENANCE. AMOUNT: 62. DESCRIPTION: MEMBER MEETINGS. AMOUNT: 12. TOTAL TO FORM 990-EZ, LINE 16: 1,633.
IRS990ScheduleO/GeneralExplanation/Explanation	1	DESCRIPTION: CASH HELD FOR OTHERS. BEG. OF YEAR AMOUNT: 12,600. END OF YEAR AMOUNT: 8,443.
IRS990ScheduleO/GeneralExplanation/Explanation	2	DESCRIPTION: DUE TO OTHERS. BEG. OF YEAR AMOUNT: 12,600. END OF YEAR AMOUNT: 8,443.
IRS990ScheduleO/GeneralExplanation/Identifier	0	OTHER EXPENSES
IRS990ScheduleO/GeneralExplanation/Identifier	1	OTHER ASSETS
IRS990ScheduleO/GeneralExplanation/Identifier	2	OTHER LIABILITIES
IRS990ScheduleO/GeneralExplanation/ReturnReference	0	FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/GeneralExplanation/ReturnReference	1	FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/GeneralExplanation/ReturnReference	2	FORM 990-EZ, PART II, LINE 26
TransferPrsnlBnftContractsDecl/Declaration	0	THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS	0	2016-02-24 21:20:13Z
ReturnHeader/Filer/EIN	0	043451191
ReturnHeader/Filer/Name/BusinessNameLine1	0	MASSACHUSETTS ECONOMIC DEVELOPMENT
ReturnHeader/Filer/Name/BusinessNameLine2	0	FOUNDATION INC
ReturnHeader/Filer/NameControl	0	MASS
ReturnHeader/Filer/Phone	0	6179244600
ReturnHeader/Filer/USAddress/AddressLine1	0	101 WALNUT STREET
ReturnHeader/Filer/USAddress/City	0	WATERTOWN
ReturnHeader/Filer/USAddress/State	0	MA
ReturnHeader/Filer/USAddress/ZIPCode	0	02472
ReturnHeader/Officer/AuthorizeThirdParty	0	1
ReturnHeader/Officer/DateSigned	0	2013-10-07
ReturnHeader/Officer/Name	0	SUSAN HOUSTON
ReturnHeader/Officer/Phone	0	6179244600
ReturnHeader/Officer/Title	0	EXECUTIVE DIRECTOR
ReturnHeader/Preparer/DatePrepared	0	2013-10-07
ReturnHeader/PreparerFirm/EIN	0	042684828
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine1	0	FEELEY & DRISCOLL PC
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine1	0	200 PORTLAND STREET
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City	0	BOSTON
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State	0	MA
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode	0	02114
ReturnHeader/Preparer/Name	0	JEFFREY T ROGERS
ReturnHeader/Preparer/Phone	0	6177427788
ReturnHeader/ReturnType	0	990EZ
ReturnHeader/TaxPeriodBeginDate	0	2012-07-01
ReturnHeader/TaxPeriodEndDate	0	2013-06-30
ReturnHeader/TaxYear	0	2012
ReturnHeader/Timestamp	0	2013-11-13T10:12:55-06:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990EZFacts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing

Assets: $21,364
Liabilities: $8,443
Net assets: $12,921
Revenue: $6,505
Expenses: $9,842
Net income: -$3,337

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$20.9	$13.6	$7.29	$8.95	$14.3	$5.35
2023Detailed filing. Detailed filing data is available for this year.	$33.4	$20.8	$12.6	$46.8	$44.9	$1.88
2022Detailed filing. Detailed filing data is available for this year.	$42.1	$31.3	$10.8	$31.4	$32.2	$0.75
2021Detailed filing. Detailed filing data is available for this year.	$52.2	$40.7	$11.5	$60.8	$31.3	$29.5
2020Detailed filing. Detailed filing data is available for this year.	$40.5	$58.6	$18.0	$23.0	$25.5	$2.50
2019Detailed filing. Detailed filing data is available for this year.	$29.4	$44.9	$15.5	$23.9	$24.4	$0.44
2018Detailed filing. Detailed filing data is available for this year.	$25.9	$41.0	$15.1	$5.25	$30.4	$25.1
2017Detailed filing. Detailed filing data is available for this year.	$17.8	$7.81	$10.0	$10.1	$44.2	$34.1
2016Summary only. Only limited summary data is available for this year.	$23.4	$1.09		$45.7	$79.3	$33.7
2015Detailed filing. Detailed filing data is available for this year.	$57.0	$0.95	$56.0	$60.1	$22.5	$37.6
2014Detailed filing. Detailed filing data is available for this year.	$18.5	$0.00	$18.5	$12.3	$6.77	$5.54
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.	$21.4	$8.44	$12.9	$6.51	$9.84	$3.34
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$28.9	$12.6	$16.3	$11.7	$20.6	$8.85
2011Summary only. Only limited summary data is available for this year.	$66.6	$41.5		$9.51	$9.35	$0.16