Civic Intelligence

Massachusetts Economic Development Foundation Inc.

990EZ • Fiscal year 2018 • EIN 04-3451191

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

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

96th percentile

1.58x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

99th percentile

7.81x

Higher debt load relative to revenue than 99% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

2nd percentile

-478%

Higher net margin than 2% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

83rd percentile

45%

Faster asset growth than 83% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

10th percentile

-48%

Faster revenue growth than 10% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$25,943

Up $8,097 (+45%) from 2017

Net Assets

Down

-$15,070

Down $25,104 (-250%) from 2017

Liabilities

Up

$41,013

Up $33,201 (+425%) from 2017

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin2nd percentile

Revenue

Down

$5,250

Down $4,875 (-48%) from 2017

Expenses

Down

$30,354

Down $13,864 (-31%) from 2017

Net Income

Up

-$25,104

Up $8,989 (+26%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth83rd 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

2018

Assets$25,943
Liabilities$41,013
Net Assets-$15,070
Open 2018 Filing

Operations Trend

Revenue Growth10th 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

2018

Revenue$5,250
Expenses$30,354
Net Income-$25,104
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.3
Gross Receipts
$5,250
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.-$29,459
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephen FlavinChairman-$0--
Geoff HowellVice Chair & Clerk-$0--
Michael ScottTreasurer-$0--
Paul BauerDirector-$0--
David BegelferDirector-$0--
Robert BrustlinDirector-$0--
Greg BusconeDirector-$0--
Timothy CeurvelsDirector-$0--
Brian CohenDirector-$0--
Michael DiGianoDirector-$0--
Dorrian Cohen FragolaDirector-$0--
Joe GaetanoDirector-$0--
William HarrisDirector-$0--
David HayesDirector-$0--
Katie JoyceDirector-$0--
David L'HeureuxDirector-$0--
Lauren LissDirector-$0--
Taidgh McCloryDirector-$0--
Denise McGeoughDirector-$0--
Fred MulliganDirector-$0--
Chris SteeleDirector-$0--
Bonnie SullivanDirector-$0--
Susan HoustonExecutive Director Till 1/1/19-$0--
Peter AbairExecutive Director - Elect-$0--
Filing and Contact Details

Filer

Filer Name
Massachusetts Economic Development
EIN
04-3451191
In Care Of
% PETER ABAIR
Phone
6179244600
Address
101 WALNUT STREET, WATERTOWN, MA 02472

Signing Officer

Name
Peter Abair
Title
Executive Director
Phone
6179244600
Signed
2019-05-15
Discuss with paid preparer
Yes

Preparer

Firm
Bdo USA Llp
Address
ONE INTERNATIONAL PLACE, BOSTON, MA 02110
Preparer
Brian Vigneault
Phone
6174220700
Supplemental Narrative

Additional Explanations

FORM 990-EZ, PART V, INFORMATION ON PERSONAL BENEFIT CONTRACTS:

“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.”

Form 990EZ Part I Line 16

“Description:LOCATION SUPPORT - DATA SERVICES Amount:9626”

Form 990EZ Part II Line 26

“Description:DUE TO FOUNDATION BOY Amount:1200”

Form 990EZ Part II Line 26

“Description:INTERCOMPANY TRANSFERS EOY Amount:32900”

Raw XML Appendix292 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/OfficerDirectorTrusteeEmplGrp/PersonNm0Stephen Flavin
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Geoff Howell
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Michael Scott
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Paul Bauer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4David Begelfer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Robert Brustlin
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Greg Buscone
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7Timothy Ceurvels
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8Brian Cohen
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9Michael DiGiano
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm10Dorrian Cohen Fragola
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm11Joe Gaetano
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm12William Harris
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm13David Hayes
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm14Katie Joyce
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm15David L'Heureux
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm16Lauren Liss
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm17Taidgh McClory
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm18Denise McGeough
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm19Fred Mulligan
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm20Chris Steele
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm21Bonnie Sullivan
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm22Susan Houston
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm23Peter Abair
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice Chair & Clerk
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt17Director
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt19Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt20Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt21Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt22Executive Director till 1/1/19
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt23Executive Director - Elect
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0MASSACHUSETTS ALLIANCE FOR ECONOMIC DEVELOPMENT INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description:LOCATION SUPPORT - DATA SERVICES Amount:9626
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description:DUE TO FOUNDATION BOY Amount:1200
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description:INTERCOMPANY TRANSFERS EOY Amount:32900
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART V, INFORMATION ON PERSONAL BENEFIT CONTRACTS:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990EZ PART II LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990EZ PART II LINE 26
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PETER ABAIR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06179244600
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MASSACHUSETTS ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MASS
ReturnHeader/Filer/EIN0043451191
ReturnHeader/Filer/InCareOfNm0% PETER ABAIR
ReturnHeader/Filer/PhoneNum06179244600
ReturnHeader/Filer/USAddress/AddressLine1Txt0101 WALNUT STREET
ReturnHeader/Filer/USAddress/CityNm0WATERTOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002472
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0546510FF27FD5E754D19BE04FC0766F94D36223A
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId07B0E5CBC1A831C42FAF22B241F9305B16BD4DF7E
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId004123920191345000005
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-05-14
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt04.14.180.58
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BDO USA LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE INTERNATIONAL PLACE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002110
ReturnHeader/PreparerPersonGrp/PhoneNum06174220700
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Brian Vigneault
ReturnHeader/ReturnTs02019-05-14T13:08:32-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,943
Liabilities
$41,013
Net assets
-$15,070
Revenue
$5,250
Expenses
$30,354
Net income
-$25,104
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