Civic Intelligence

Massachusetts Economic Development Foundation Inc.

990EZ • Fiscal year 2014 • EIN 04-3451191

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 03, 2014

Organization ProfileMASSECON.COM
101 Walnut StreetWatertown, MA 02472

(617) 924-4600

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

90th percentile

45%

Higher net margin than 90% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

25th percentile

-14%

Faster asset growth than 25% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

91st percentile

89%

Faster revenue growth than 91% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$18,462

Down $2,902 (-14%) from 2013

Net Assets

Up

$18,462

Up $5,541 (+43%) from 2013

Liabilities

Down

$0

Down $8,443 (-100%) from 2013

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin90th percentile

Revenue

Up

$12,310

Up $5,805 (+89%) from 2013

Expenses

Down

$6,769

Down $3,073 (-31%) from 2013

Net Income

Up

$5,541

Up $8,878 (+266%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

$100K$50K$0-$50KAssets 2011: $66,588Liabilities 2011: $41,4782011Assets 2012: $28,858Liabilities 2012: $12,600Net Assets 2012: $16,2582012Assets 2013: $21,364Liabilities 2013: $8,443Net Assets 2013: $12,9212013Assets 2014: $18,462Liabilities 2014: $0Net Assets 2014: $18,4622014Assets 2015: $56,973Liabilities 2015: $951Net Assets 2015: $56,0222015Assets 2016: $23,429Liabilities 2016: $1,0882016Assets 2017: $17,846Liabilities 2017: $7,812Net Assets 2017: $10,0342017Assets 2018: $25,943Liabilities 2018: $41,013Net Assets 2018: -$15,0702018Assets 2019: $29,382Liabilities 2019: $44,890Net Assets 2019: -$15,5082019Assets 2020: $40,543Liabilities 2020: $58,554Net Assets 2020: -$18,0112020Assets 2021: $52,246Liabilities 2021: $40,740Net Assets 2021: $11,5062021Assets 2022: $42,060Liabilities 2022: $31,302Net Assets 2022: $10,7582022Assets 2023: $33,410Liabilities 2023: $20,774Net Assets 2023: $12,6362023Assets 2024: $20,868Liabilities 2024: $13,578Net Assets 2024: $7,2902024

Highlighted filing

2014

Assets$18,462
Liabilities$0
Net Assets$18,462
Open 2014 Filing

Operations Trend

Revenue Growth91st percentile

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

$100K$50K$0-$50KRevenue 2011: $9,510Expenses 2011: $9,346Net Income 2011: $1642011Revenue 2012: $11,700Expenses 2012: $20,552Net Income 2012: -$8,8522012Revenue 2013: $6,505Expenses 2013: $9,842Net Income 2013: -$3,3372013Revenue 2014: $12,310Expenses 2014: $6,769Net Income 2014: $5,5412014Revenue 2015: $60,079Expenses 2015: $22,519Net Income 2015: $37,5602015Revenue 2016: $45,650Expenses 2016: $79,331Net Income 2016: -$33,6812016Revenue 2017: $10,125Expenses 2017: $44,218Net Income 2017: -$34,0932017Revenue 2018: $5,250Expenses 2018: $30,354Net Income 2018: -$25,1042018Revenue 2019: $23,931Expenses 2019: $24,369Net Income 2019: -$4382019Revenue 2020: $22,950Expenses 2020: $25,453Net Income 2020: -$2,5032020Revenue 2021: $60,835Expenses 2021: $31,318Net Income 2021: $29,5172021Revenue 2022: $31,410Expenses 2022: $32,158Net Income 2022: -$7482022Revenue 2023: $46,770Expenses 2023: $44,892Net Income 2023: $1,8782023Revenue 2024: $8,950Expenses 2024: $14,296Net Income 2024: -$5,3462024

Highlighted filing

2014

Revenue$12,310
Expenses$6,769
Net Income$5,541
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 3, 2014
Return Version
2013v3.0
Gross Receipts
$12,310
Mission and Program Overview

Mission

To promote and educate the community about economic development in massachusetts

To promote and educate the community about economic development in massachusetts.

Program Services

DescriptionGrantsExpenses
THE FOUNDATION MARKETS MASSACHUSETTS AS A PLACE TO DO BUSINESS, HOSTS EDUCATIONAL PROGRAMS RELATING TO THE ECONOMY AND PROVIDES SERVICES THAT ENHANCE JOB CREATION$0$6,122
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
FRED MULLIGANDirector-$0--
GEOFF HOWELLDirector-$0--
BRIAN COHENDirector-$0--
SUSAN HOUSTONExecutive Director-$0--
Filing and Contact Details

Filer

EIN
04-3451191
Phone
6179244600

Signing Officer

Name
Susan Houston
Title
Executive Director
Phone
6179244600
Signed
2014-11-03
Discuss with paid preparer
Yes

Preparer

Preparer
Jeffrey T Rogers
Phone
6177427788
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: location support - prosepct service. Amount: 67. Description: mass marketing - on-site finder. Amount: 2,500. Description: events and programs. Amount: 1,604. Total to form 990-ez, line 16: 4,171.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: cash held for others. Beg. Of year amount: 8,443. End of year amount: 0.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: due to others. Beg. Of year amount: 8,443. End of year amount: 0.”

Raw XML Appendix143 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine10SUSAN HOUSTON
IRS990EZ/BooksInCareOfDetail/PhoneNum06179244600
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine10101 WALNUT STREET
IRS990EZ/BooksInCareOfDetail/USAddress/City0WATERTOWN
IRS990EZ/BooksInCareOfDetail/USAddress/State0MA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCode002472
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt012921
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt018462
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt05541
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt021364
IRS990EZ/Form990TotalAssetsGrp/EOYAmt018462
IRS990EZ/GrossReceiptsAmt012310
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt012921
IRS990EZ/NetAssetsOrFundBalancesEOYAmt018462
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt012921
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt018462
IRS990EZ/OccupancyRentUtltsAndMaintAmt0177
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt32.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0FRED MULLIGAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1GEOFF HOWELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2BRIAN COHEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3SUSAN HOUSTON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3EXECUTIVE DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt08443
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt04171
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO PROMOTE AND EDUCATE THE COMMUNITY ABOUT ECONOMIC DEVELOPMENT IN MASSACHUSETTS.
IRS990EZ/ProgramServiceRevenueAmt012310
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE FOUNDATION MARKETS MASSACHUSETTS AS A PLACE TO DO BUSINESS, HOSTS EDUCATIONAL PROGRAMS RELATING TO THE ECONOMY AND PROVIDES SERVICES THAT ENHANCE JOB CREATION
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt06122
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt02421
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MA
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt08443
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt06769
IRS990EZ/TotalProgramServiceExpensesAmt06122
IRS990EZ/TotalRevenueAmt012310
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0MASSECON.COM
IRS990ScheduleA/Contribution35ControlledInd00
IRS990ScheduleA/ContributionControllerInd00
IRS990ScheduleA/ContributionFamilyInd00
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0043172007
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc0501(C)(6)
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10MASS ALLIANCE FOR ECON DEVELOPMENT
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrgNotifiedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/USOrganizedInd01
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: LOCATION SUPPORT - PROSEPCT SERVICE. AMOUNT: 67. DESCRIPTION: MASS MARKETING - ON-SITE FINDER. AMOUNT: 2,500. DESCRIPTION: EVENTS AND PROGRAMS. AMOUNT: 1,604. TOTAL TO FORM 990-EZ, LINE 16: 4,171.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: CASH HELD FOR OTHERS. BEG. OF YEAR AMOUNT: 8,443. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: DUE TO OTHERS. BEG. OF YEAR AMOUNT: 8,443. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE 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/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SUSAN HOUSTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06179244600
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine10MASSACHUSETTS ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine20FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MASS
ReturnHeader/Filer/EIN0043451191
ReturnHeader/Filer/PhoneNum06179244600
ReturnHeader/Filer/USAddress/AddressLine10101 WALNUT STREET
ReturnHeader/Filer/USAddress/City0WATERTOWN
ReturnHeader/Filer/USAddress/State0MA
ReturnHeader/Filer/USAddress/ZIPCode002472
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042684828
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10FEELEY & DRISCOLL PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10200 PORTLAND STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0BOSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode002114
ReturnHeader/PreparerPersonGrp/PhoneNum06177427788
ReturnHeader/PreparerPersonGrp/PreparationDt02014-10-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY T ROGERS
ReturnHeader/ReturnTs02014-11-12T10:09:00-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,462
Liabilities
$0
Net assets
$18,462
Revenue
$12,310
Expenses
$6,769
Net income
$5,541
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet 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