Civic Intelligence

Massachusetts Economic Development Foundation Inc.

990EZ • Fiscal year 2015 • EIN 04-3451191

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 13, 2016

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

65th percentile

0.02x

Higher debt load relative to assets than 65% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

66th percentile

0.02x

Higher debt load relative to revenue than 66% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

94th percentile

63%

Higher net margin than 94% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

95th percentile

209%

Faster asset growth than 95% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

98th percentile

388%

Faster revenue growth than 98% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$56,973

Up $38,511 (+209%) from 2014

Net Assets

Up

$56,022

Up $37,560 (+203%) from 2014

Liabilities

Up

$951

Up $951 from 2014

Revenue

Up

$60,079

Up $47,769 (+388%) from 2014

Expenses

Up

$22,519

Up $15,750 (+233%) from 2014

Net Income

Up

$37,560

Up $32,019 (+578%) from 2014

Historical Trend

Balance Sheet Trend

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

2015

Assets$56,973
Liabilities$951
Net Assets$56,022

Operations Trend

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

2015

Revenue$60,079
Expenses$22,519
Net Income$37,560
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 13, 2016
Return Version
2014v6.0
Gross Receipts
$60,079
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$21,081
Compensation and Service Providers

Employees

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

Filer

Filer Name
Massachusetts Economic Development
EIN
04-3451191
Phone
6179244600
Address
101 WALNUT STREET, WATERTOWN, MA 02472

Signing Officer

Name
Susan Houston
Title
Executive Director
Phone
6179244600
Signed
2016-01-13
Discuss with paid preparer
Yes

Preparer

Firm
Feeley & Driscoll Pc
Address
200 PORTLAND STREET, BOSTON, MA 02114
Preparer
Jeffrey T Rogers
Phone
6177427788
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

Description: interest. Amount: 19.

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

Description: location support - prospect service. Amount: 1,424. Description: location study expenses. Amount: 8,175. Total to form 990-ez, line 16: 9,599.

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

Description: deferred rent. Beg. Of year amount: 0. End of year amount: 951.

Raw XML Appendix162 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/BusinessNameLine1Txt0SUSAN HOUSTON
IRS990EZ/BooksInCareOfDetail/PhoneNum06179244600
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0101 WALNUT STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0WATERTOWN
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd002472
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt018462
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt056973
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt039300
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt037560
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt018462
IRS990EZ/Form990TotalAssetsGrp/EOYAmt056973
IRS990EZ/GrossReceiptsAmt060079
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt018462
IRS990EZ/NetAssetsOrFundBalancesEOYAmt056022
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt018462
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt056022
IRS990EZ/OccupancyRentUtltsAndMaintAmt0125
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/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt09599
IRS990EZ/OtherRevenueTotalAmt019
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO PROMOTE AND EDUCATE THE COMMUNITY ABOUT ECONOMIC DEVELOPMENT IN MASSACHUSETTS.
IRS990EZ/ProgramServiceRevenueAmt020760
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/ProgramServiceExpensesAmt021081
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt012795
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MA
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0951
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt022519
IRS990EZ/TotalProgramServiceExpensesAmt021081
IRS990EZ/TotalRevenueAmt060079
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0MASSECON.COM
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgQualifiedInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtExclusivelySec170c2BInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MASSACHUSETTS ECONOMIC DEVELOPMENT FOUNDATION, INC. REVIEWED THE DETERMINIATION LETTER THAT THEY HAVE RECEIVED FROM THE IRS TO CONFIRM THAT THEY WERE APPROVED FOR EXEMPTION UNDER 501(C)(6) AND ANNUALLY REVIEW SCHEDULE A OF THE 990 TO CONFIRM THAT THEY ARE MEETING PUBLIC SUPPORT TESTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 3B:
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0043172007
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd09
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0MASS ALLIANCE FOR ECON DEVELOPMENT
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST. AMOUNT: 19.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: LOCATION SUPPORT - PROSPECT SERVICE. AMOUNT: 1,424. DESCRIPTION: LOCATION STUDY EXPENSES. AMOUNT: 8,175. TOTAL TO FORM 990-EZ, LINE 16: 9,599.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: DEFERRED RENT. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 951.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
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/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SUSAN HOUSTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06179244600
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-01-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MASSACHUSETTS ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MASS
ReturnHeader/Filer/EIN0043451191
ReturnHeader/Filer/PhoneNum06179244600
ReturnHeader/Filer/USAddress/AddressLine1Txt0101 WALNUT STREET
ReturnHeader/Filer/USAddress/CityNm0WATERTOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002472
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042684828
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FEELEY & DRISCOLL PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0200 PORTLAND STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002114
ReturnHeader/PreparerPersonGrp/PhoneNum06177427788
ReturnHeader/PreparerPersonGrp/PreparationDt02016-01-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY T ROGERS
ReturnHeader/ReturnTs02016-01-13T15:23:48-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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