Civic Intelligence

Associated Industries of Massachusetts Foundation Inc

990 • Fiscal year 2015 • EIN 22-3127535

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 15, 2016

One Beacon Street 16th FloorBoston, MA 02108

(617) 262-1180

Siviq Scores

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

Liabilities / Assets

100th percentile

27.89x

Higher debt load relative to assets than 100% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

88th percentile

1.48x

Higher debt load relative to revenue than 88% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

3rd percentile

-121%

Higher net margin than 3% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

98th percentile

$486,387

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 81.9% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

96th percentile

119%

Faster asset growth than 96% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

99th percentile

1219%

Faster revenue growth than 99% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$31,586

Up $17,190 (+119%) from 2014

Net Assets

Down

-$849,284

Down $718,611 (-550%) from 2014

Liabilities

Up

$880,870

Up $735,801 (+507%) from 2014

Revenue

Up

$593,714

Up $548,708 (+1219%) from 2014

Expenses

Up

$1,312,325

Up $1,180,927 (+899%) from 2014

Net Income

Down

-$718,611

Down $632,219 (-732%) from 2014

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2011: $7,305Liabilities 2011: $10,6682011Assets 2012: $1,596Liabilities 2012: $26,1002012Assets 2013: $2,022Liabilities 2013: $46,3032013Assets 2014: $14,396Liabilities 2014: $145,069Net Assets 2014: -$130,6732014Assets 2015: $31,586Liabilities 2015: $880,870Net Assets 2015: -$849,2842015Assets 2016: $35,141Liabilities 2016: $1,015,838Net Assets 2016: -$980,6972016Assets 2017: $1,322Liabilities 2017: $1,083,089Net Assets 2017: -$1,081,7672017Assets 2018: $3,165Liabilities 2018: $1,106,317Net Assets 2018: -$1,103,1522018Assets 2019: $4,532Liabilities 2019: $1,024,401Net Assets 2019: -$1,019,8692019Assets 2020: $2,814Liabilities 2020: $928,255Net Assets 2020: -$925,4412020Assets 2021: $4,415Liabilities 2021: $800,536Net Assets 2021: -$796,1212021Assets 2022: $252,955Liabilities 2022: $731,427Net Assets 2022: -$478,4722022Assets 2023: $220,310Liabilities 2023: $707,840Net Assets 2023: -$487,5302023Assets 2024: $10,574Liabilities 2024: $704,128Net Assets 2024: -$693,5542024

Highlighted filing

2015

Assets$31,586
Liabilities$880,870
Net Assets-$849,284

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $32Expenses 2011: $21,830Net Income 2011: -$21,7982011Revenue 2012: $14Expenses 2012: $21,155Net Income 2012: -$21,1412012Revenue 2013: $10,508Expenses 2013: $30,285Net Income 2013: -$19,7772013Revenue 2014: $45,006Expenses 2014: $131,398Net Income 2014: -$86,3922014Revenue 2015: $593,714Expenses 2015: $1,312,325Net Income 2015: -$718,6112015Revenue 2016: $48,500Expenses 2016: $179,913Net Income 2016: -$131,4132016Revenue 2017: $1,000Expenses 2017: $102,070Net Income 2017: -$101,0702017Revenue 2018: $0Expenses 2018: $21,385Net Income 2018: -$21,3852018Revenue 2019: $147,500Expenses 2019: $64,217Net Income 2019: $83,2832019Revenue 2020: $120,000Expenses 2020: $25,572Net Income 2020: $94,4282020Revenue 2021: $236,500Expenses 2021: $107,180Net Income 2021: $129,3202021Revenue 2022: $370,000Expenses 2022: $52,351Net Income 2022: $317,6492022Revenue 2023: $120,000Expenses 2023: $129,058Net Income 2023: -$9,0582023Revenue 2024: $0Expenses 2024: $206,024Net Income 2024: -$206,0242024

Highlighted filing

2015

Revenue$593,714
Expenses$1,312,325
Net Income-$718,611
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 15, 2016
Return Version
2015v2.1
Gross Receipts
$1,004,697
Mission and Program Overview

Mission

The foundation performs research, education and production of in-depth non-partisan anaylsis related to issues of public policy in massachusetts.

the foundation performs research, education and production of in-depth non-partisan analysis related to issues of public policy in massachusetts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$0$19,000▲ $19,000
Cash and Non-Interest-Bearing Accounts$2,573$12,586▲ $10,013
Prepaid Expenses and Deferred Charges$11,823$0▼ $11,823
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$14,396$31,586▲ $17,190
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$145,069$851,255▲ $706,186
Accounts Payable and Accrued Expenses$0$29,615▲ $29,615
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$145,069$880,870▲ $735,801
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-130,673$-849,284▼ $718,611
Total Net Assets Fund Balance$-130,673$-849,284▼ $718,611
Total Liabilities and Net Assets / Fund Balance$14,396$31,586▲ $17,190
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard C LordPresident/director
Brian GilmoreExec VP, Public Affairs/Director
Cindy Wood LymanTreasurer/director
Robert RuddockClerk
John R ReganExec VP, Government Affairs
Christopher P GeehernExec VP, Marketing

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$802,979
Program Service Revenue
$0
Investment Income
$118
Other Revenue
$-209,383
All Other Contributions
$240,489
Change in Net Assets
$-718,611

Audited Revenue Reconciliation

Revenue per Audited Statements
$593,714
Revenue Not Reported on Form 990
$410,983
Total Revenue per Audited Statements
$1,004,697
Total Revenue per Form 990
$593,714
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$957,090
Other Expenses$330,235
Total Fundraising Expense$115,735
Grants and Similar Amounts Paid$25,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$417,407-$21,969$439,376
Current Officers, Directors, Trustees, and Key Employees$281,082$43,781$80,136$404,999
Conferences and Meetings$284,909--$284,909
Other Employee Benefits$55,776$3,496$8,153$67,425
Payroll Taxes$37,465$2,348$5,477$45,290
Grants to Domestic Orgs$25,000--$25,000
Travel$13,063--$13,063
Office Expenses$8,675--$8,675
Fees for Services Accounting-$8,463-$8,463
Fees for Services Other$6,288--$6,288
Information Technology-$5,816-$5,816
Insurance$1,695$54-$1,749
Occupancy-$1,272-$1,272
Total Functional Expenses$1,131,360$65,230$115,735$1,312,325

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,723,308
Expenses per Audited Statements$1,312,325
Total Expenses per Form 990$1,312,325
Expenses Not Reported on Form 990$410,983
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of MassachusettsBoston, MA501(c)(3)Scholarship$25,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$410,983
Fundraising Gross Income$201,600
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$764,090$201,600$208,140$-6,540
Total Events$764,090$201,600$410,983$-209,383
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Intercompany Payable$851,255
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Associated Industries of
EIN
22-3127535
In Care Of
% CINDY WOOD LYMAN
Phone
6172621180
Address
ONE BEACON STREET 16TH FLOOR, Boston, MA 02108

Signing Officer

Name
Richard Lord
Title
CEO
Phone
6172621180
Signed
2016-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard C Lord
Formed
1991
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Grant Thornton Llp
Address
75 STATE STREET, BOSTON, MA 02109
Preparer
Robert J Butler Jr
Phone
6177237900
Supplemental Narrative

Additional Explanations

Form 990 Review Process

Form 990, part vi, line 11b form 990 was prepared by grant thornton llp (gt), the organization's certified public accountants, from information provided by management. Gt and management met with the organization's audit committee to review the filing in detail. Subsequent to review and upon finalization, the complete form 990 (with required schedules) was provided electronically to each member of the governing body prior to filing with the internal revenue service.

Conflict of Interest Policy Monitoring & Enforcement

FORM 990, PART VI, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY. ANNUALLY, EACH BOARD MEMBER AND OFFICER OF AIM AND OF ASSOCIATED ORGANIZATIONS AND EVERY AIM EMPLOYEE MUST ACKNOWLEDGE READING AND UNDERSTANDING THE CONFLICT POLICY AND MUST COMPLETE AND RETURN AN ANNUAL CONFLICT DISCLOSURE QUESTIONNAIRE. IN ADDITION, ANY NEW OR POTENTIAL CONFLICT OF INTEREST OF ANY BOARD MEMBER, OFFICER, OR EMPLOYEE MUST BE DISCLOSED IMMEDIATELY TO THE PRESIDENT AND CEO WHO IN TURN MUST DISCLOSE TO THE CHAIRMAN, WHO THEN DETERMINES IF A CONFLICT OF INTEREST EXISTS. IN ADDITION, ANY MEMBER OF THE BOARD HAVING AN EXISTING OR POTENTIAL CONFLICT OF INTEREST WITH RESPECT TO ANY MATTER WHICH IS THE SUBJECT OF ACTION BY THE BOARD OR ITS COMMITTEES SHALL DISCLOSE SUCH CONFLICT AND THE MEMBER WILL NOT BE COUNTED IN DETERMINING THE QUORUM AND SHALL NOT VOTE ON THE MATTER. ANY EMPLOYEE OF AIM OR OF ASSOCIATED ORGANIZATIONS WITH A CONFLICT OF INTEREST SHALL ABSTAIN AND NOT PARTICIPATE IN DISCUSSIONS CONCERNING THE ACTIONS OF THE ORGANIZATION IN REGARD TO THE MATTER WHICH IS THE SUBJECT OF THE CONFLICT. PROCESS FOR DETERMINING COMPENSATION FORM 990, PART VI, LINE 15 these practices are completed by related organization associated industries of Massachusetts. THE COMPENSATION COMMITTEE OF THE association's BOARD REVIEWS PERFORMANCE AND COMPENSATION OF THE associatioN'S PRESIDENT AND CEO AND MAKES COMPENSATION AND BONUS RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE OF THE association's BOARD. ALL RECOMMENDATIONS ARE DOCUMENTED BY THE COMPENSATION COMMITTEE AND SENT TO THE EXECUTIVE COMMITTEE FOR APPROVAL. THE EXECUTIVE COMMITTEE VOTES ON THE RECOMMENDATIONS OF THE COMPENSATION COMMITTEE AND DOCUMENTS ITS DECISION. ON A REGULAR BASIS - MOST RECENTLY 2014, updated in 2015 - THE COMPENSATION COMMITTEE EMPLOYed THE SERVICES OF AN INDEPENDENT COMPENSATION CONSULTANT TO CONDUCT A COMPETITIVE MARKET REVIEW OF THE CEO'S COMPENSATION USING GENERALLY ACCEPTED METHODS AND PRACTICES.

How Documents Are Made Available to the Public

Form 990, part vi, line 19 the organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Financial Statement Notes

Schedule D, Part X, Line 2

asc 740 Associated Industries of Massachusetts Foundation, Inc. is included in the consolidated financial statements of Associated Industries of Massachusetts, Inc. (the "Association"AIM"). THE ASSOCIATION IS A NOT-FOR-PROFIT ORGANIZATION DESCRIBED IN SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE, AS AMENDED (THE CODE), AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE INCOME TAX CONSEQUENCES, IF ANY, FROM THESE ENTITIES ARE REFLECTED IN THE FINANCIAL STATEMENTS. THE ASSOCIATION IS REQUIRED TO ASSESS UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.

Schedule D, Part XI Line 2D and Part XII Line 2D

Fundraising Expenses: $410,983

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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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IRS990/Desc0THE FOUNDATION PERFORMS RESEARCH, EDUCATION AND PRODUCTION OF IN-DEPTH NON-PARTISAN ANALYSIS RELATED TO ISSUES OF PUBLIC POLICY IN MASSACHUSETTS. DURING 2015, PROGRAMMING INCLUDED IN-DEPTH RESEARCH (INCLUDING SURVEYS, MEETINGS, CONSULTATIONS WITH EMPLOYERS AND OTHER BUSINESS, EDUCATION AND POLITICAL LEADERS) TO UPDATE THE BLUEPRINT FOR THE NEXT CENTURY, A PLAN FOR ECONOMIC GROWTH AND PROSPERITY FOR THE COMMONWEALTH OF MASSACHUSETTS. It is A PLAN AND TOOL DESIGNED TO DEFINE AND MEASURE SOLUTIONS TO THE COMMONWEALTH'S ECONOMIC CHALLENGES IN AREAS SUCH AS WORKFORCE, BUSINESS CLIMATE, REGULATION, HEALTH INSURANCE AND ENERGY COSTS. ONE AREA OF PARTICULAR FOCUS IN 2015 WAS ENERGY/ELECTRICITY COSTS. tHE FOUNDATION CREATED AND PUBLISHED AN ELECTRICITY CALCULATOR DESIGNED TO GIVE MASSACHUSETTS BUSINESSES THE OPPORTUNITY TO REVIEW THEIR INDIVIDUAL ELECTRICITY BILLS TO DETERMINE HOW MUCH OF THOSE BILLS WERE SUPPORTING PUBlIC POLICY DRIVEN PROGRAMS LIKE SUPPORT FOR SOLAR POWER AND OTHER RENEWABLE ENERGY, ENERGY EFFICIENCY EFFORTS AND PROGRAMS TO SUPPORT LOW INCOME RATEPAYERS. THE CALCULATOR WAS UPDATED SEVERAL TIMES DURING THE YEAR TO REFLECT CHANGES IN UTILITY RATE STRUCTURES WITHIN COMMERCIAL AND INDUSTRIAL RATE CLASSIFICATION.
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IRS990/InformationTechnologyGrp/TotalAmt05816
IRS990/InsuranceGrp/ManagementAndGeneralAmt054
IRS990/InsuranceGrp/ProgramServicesAmt01695
IRS990/InsuranceGrp/TotalAmt01749
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IRS990/MissionDesc0The foundation performs research, education and production of in-depth non-partisan anaylsis related to issues of public policy in massachusetts.
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03496
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt055776
IRS990/OtherEmployeeBenefitsGrp/TotalAmt067425
IRS990/OtherLiabilitiesGrp/BOYAmt0145069
IRS990/OtherLiabilitiesGrp/EOYAmt0851255
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0417407
IRS990/OtherSalariesAndWagesGrp/TotalAmt0439376
IRS990/OtherWebsiteInd0X
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt05477
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02348
IRS990/PayrollTaxesGrp/ProgramServicesAmt037465
IRS990/PayrollTaxesGrp/TotalAmt045290
IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011823
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Richard C Lord
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IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYContributionsGrantsAmt045000
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IRS990/PYTotalRevenueAmt045006
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IRS990/ReconcilationRevenueExpnssAmt0-718611
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0802979
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt045000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt010500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0858479
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0118
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt06
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt08
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt014
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt032
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0178
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01279044
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0201600
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0201600
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.66110
IRS990ScheduleA/PublicSupportPY170Pct00.21823
IRS990ScheduleA/PublicSupportTotal170Amt0700939
IRS990ScheduleA/SubstantialContributorsTotAmt0157540
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0802979
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt045000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt010500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0858479
IRS990ScheduleA/TotalSupportAmt01060257
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleD/ExpensesSubtotalAmt01312325
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt0410983
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0851255
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTERCOMPANY PAYABLE
IRS990ScheduleD/OtherRevenueAmt0410983
IRS990ScheduleD/RevenueNotReportedAmt0410983
IRS990ScheduleD/RevenueSubtotalAmt0593714
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0asc 740 Associated Industries of Massachusetts Foundation, Inc. is included in the consolidated financial statements of Associated Industries of Massachusetts, Inc. (the "Association"AIM"). THE ASSOCIATION IS A NOT-FOR-PROFIT ORGANIZATION DESCRIBED IN SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE, AS AMENDED (THE CODE), AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE INCOME TAX CONSEQUENCES, IF ANY, FROM THESE ENTITIES ARE REFLECTED IN THE FINANCIAL STATEMENTS. THE ASSOCIATION IS REQUIRED TO ASSESS UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Fundraising Expenses: $410,983
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule D, Part XI Line 2D and Part XII Line 2D
IRS990ScheduleD/TotalExpensesPerForm990Amt01312325
IRS990ScheduleD/TotalLiabilityAmt0851255
IRS990ScheduleD/TotalRevenuePerForm990Amt0593714
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01004697
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01723308
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0562490
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0562490
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0410983
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt037174
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt037174
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Gala
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt0165669
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt0165669
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0764090
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0764090
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0201600
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0201600
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-209383
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0208140
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0208140
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt00
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt025000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Scholarship
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0University of Massachusetts
IRS990ScheduleI/RecipientTable/RecipientEIN0043167352
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0100 Morrissey Blvd
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Boston
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd002125
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Foundation has agreed to make an annual contribution of $25,000, subject to annual board approval, to the university of massachusetts to provide for (1) the establishment of a current use scholarship called "the AIM next century scholarship(2) fund an endowment named "aim scholarship endowment." The current year scholarship recipients will be introduced in the spring of each year to the AIM board of directors. As the funds are not considered a grant, no further monitoring is required.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt063750

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.70$0.69$0.00$0.21$0.21
2023Detailed filing. Detailed filing data is available for this year.$0.22$0.71$0.49$0.12$0.13$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.25$0.73$0.48$0.37$0.05$0.32
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.80$0.80$0.24$0.11$0.13
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.93$0.93$0.12$0.03$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.00$1.02$1.02$0.15$0.06$0.08
2018Detailed filing. Detailed filing data is available for this year.$0.00$1.11$1.10$0.00$0.02$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.00$1.08$1.08$0.00$0.10$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.04$1.02$0.98$0.05$0.18$0.13
2015Detailed filing. Detailed filing data is available for this year.$0.03$0.88$0.85$0.59$1.31$0.72
2014Detailed filing. Detailed filing data is available for this year.$0.01$0.15$0.13$0.05$0.13$0.09
2013Summary only. Only limited summary data is available for this year.$0.00$0.05$0.01$0.03$0.02
2012Summary only. Only limited summary data is available for this year.$0.00$0.03$0.00$0.02$0.02
2011Summary only. Only limited summary data is available for this year.$0.01$0.01$0.00$0.02$0.02