Civic Intelligence

Boston 2024 Partnership Inc

EIN 46-4619141 • 501(c)3 • Boston, MA

Profile

The corporation is organized, and shall be operated, exclusively for charitable and educational purposes within the meaning of section 501(c)(3) of the internal revenue code and in furtherance, but without limitation, of those purposes shall (a) serve as a convening and coordinating body to bring together individuals, public agencies and private organizations, both nonprofit and for-profit, for collaborative consideration of the civic, cultural, economic and other costs and benefits to the city of boston, massachusetts and the surrounding area in serving as host for the year 2024 olympic games; (b) in order to educate the public, conduct and publish the results of research, studies and analyses concerning the hosting of such games; and (c) if circumstances so warrant, facilitate the establishment of, or act as, the organizing committee for the olympic games in the year 2024 in and around the city of boston, massachusetts.

One Marina Park Drive 10th FloorBoston, MA 02210

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2016

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

1st percentile

-95486%

Higher net margin than 1% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

3rd percentile

-100%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$0

Down $34,970 (-100%) from 2015

Liabilities

Down

$0

Down $426 (-100%) from 2015

Net Assets

Down

$0

Down $34,544 (-100%) from 2015

Revenue

Down

$14

Down $4,367,937 (-100%) from 2015

Expenses

Down

$13,382

Down $5,325,333 (-100%) from 2015

Net Income

Up

-$13,368

Up $957,396 (+99%) from 2015

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2014: $1,701,480Liabilities 2014: $696,172Net Assets 2014: $1,005,3082014Assets 2015: $34,970Liabilities 2015: $426Net Assets 2015: $34,5442015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016

Highlighted filing

2016

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $6,584,171Expenses 2014: $5,578,863Net Income 2014: $1,005,3082014Revenue 2015: $4,367,951Expenses 2015: $5,338,715Net Income 2015: -$970,7642015Revenue 2016: $14Expenses 2016: $13,382Net Income 2016: -$13,3682016

Highlighted filing

2016

Revenue$14
Expenses$13,382
Net Income-$13,368

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.1
Gross Receipts
$14
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$34,970$0▼ $34,970
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$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
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$34,970$0▼ $34,970
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$426$0▼ $426
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$426$0▼ $426
Net Assets / Fund Balance
Unrestricted Net Assets$34,544$0▼ $34,544
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$34,544$0▼ $34,544
Total Liabilities and Net Assets / Fund Balance$34,970$0▼ $34,970
Compensation and Service Providers

Board Members and Trustees

NameTitle
Stephen PagliucaChair/pres/treasurer
John FishVice Chair
Peter RobyVice Chair
Roger CrandallVice Chair
Alfreda HarrisBoard Member
Amy LatimerBoard Member
Angela RuggieroBoard Member
Anita DefrantzBoard Member
April HolmesBoard Member
Bill AchtmeyerBoard Member
Brian DohertyBoard Member
Brooke WoodsonBoard Member
Carol FulpBoard Member
Christopher CollinsBoard Member
DANIEL O'CONNELLBoard Member
Daniel L DoctoroffBoard Member
David OrtizBoard Member
Fatah AdanBoard Member
Gloria LarsonBoard Member
Jason JacobsBoard Member
Jon FeinmanBoard Member
Joseph Henry WhiteBoard Member
KELLEY O'SHEABoard Member
Keith McdermottBoard Member
Kevin WhiteBoard Member
Larry BirdBoard Member
Larry ProbstBoard Member
Marty MannionBoard Member
Mary Beth McmahonBoard Member
Meb KeflezighiBoard Member
Michelle KwanBoard Member
Oz MondejarBoard Member
Raymond FlynnBoard Member
Robert PopeoBoard Member
Robert ReynoldsBoard Member
Scott BlackmunBoard Member
Senator Eileen DonoghueBoard Member
Senator William CowanBoard Member
Smaiyra MillionBoard Member
Thomas J KeadyBoard Member
Vanessa Calderon-rosadaBoard Member
Whitney PingBoard Member
Yvonne GarciaBoard Member
Richard DaveyCEO
Paige Scott ReedClerk
Erin MurphyEvp/ Chief Bid Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$14
Other Revenue
$0
Change in Net Assets
$-13,368
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,182
Professional Fundraising Fees$3,200
Total Fundraising Expense$3,200
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other-$9,682-$9,682
Fees for Services Professional Fundraising--$3,200$3,200
Other Expenses-$500-$500
Total Functional Expenses$0$10,182$3,200$13,382
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$3,200
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 8B:

NO OTHER COMMITTEES.

FORM 990, PART VI, SECTION B, LINE 11:

The full form 990 was reviewed by the chief executive officer.

FORM 990, PART VI, SECTION B, LINE 12C:

The partnership has a conflict of interest policy for employees in the employee handbook. Employees are required to sign the handbook acknowledging agreement to the policies set forth within.

FORM 990, PART VI, SECTION C, LINE 19:

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Boston 2024 Partnership Inc
EIN
46-4619141
In Care Of
% KAREN HEGARTY
Phone
6172364099
Address
ONE MARINA PARK DRIVE 10TH FLOOR, BOSTON, MA 02210

Signing Officer

Name
Richard Davey
Title
Chief Exec Officer
Phone
6172364099
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Davey
Formed
2014
Legal Domicile
Ma
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
PricewaterhouseCoopers LLP
Address
101 SEAPORT BOULEVARD, BOSTON, MA 02210
Preparer
Gwen Spencer
Phone
6175305000
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE I, AND PART III, LINE 1:

Description of organization mission: the corporation is organized, and shall be operated, exclusively for charitable and educational purposes within the meaning of section 501(c)(3) of the internal revenue code and in furtherance, but without limitation, of those purposes shall (a) serve as a convening and coordinating body to bring together individuals, public agencies and private organizaions, both nonprofit and for-profit, for collaborative consideration of the civic, cultural, economic and other costs and benefits to the city of boston, massachusetts and the surrounding area in serving as host for the year 2024 olympic games; (b) in order to educate the public, conduct and publish the results of research, studies and analyses concerning the hosting of such games; and (c) if circumstances so warrant, facilitate the establishment of, or act as, the organizing committee for the olympic games in the year 2024 in and around the city of boston, massachusetts.

FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS:

Since it was incorporated, the boston 2024 partnership (the "partnershipthe "organization") led a discussion across the commonwealth to consider feasibility of hosting the olympic and paralympic games in 2024. The modern olympic games were first held in 1896 in athens, greece. Since 1988, the paralympic games have been held directly after the olympic games, in the same city, and oftentimes using the same venues. The 2012 olympics in london saw 10,500 athletes from 88 countries compete in 302 events in 26 sports across 34 venues. Following the london olympics, the paralympic games competition spanned a ten-day period, featuring over 4,200 athletes from 164 countries competing in 503 events in 20 sports. The number of athletes and nations participating in the paralympic games has steadily increased over the past 20 years, as has the audience that watches them. In 2013, boston was one of several dozen cities invited by the united states olympic committee ("usoc") to explore the feasibility of hosting the 2024 olympic and paralympic games. The commonwealth formed a feasibility commission made up of civic leaders to study the possibility of hosting the games. In february 2014, after several public hearings, the commission released a favorable report to the partnership and the public. The partnership believed that pursuing an olympics and paralympics bid aligned with existing plans for the states continued economic growth, and could have served to accelerate the delivery of improvements in transportation, infrastructure, and housing. Put simply, a well-conceived, well-planned and well-executed olympic games can help catalyze the long-term vision of cities and regions. The partnership believed that boston and the commonwealth could benefit from this too. The partnership, along with the city of boston, submitted a formal bid to the usoc on december 1, 2014. On january 8, 2015, the usoc chose boston to be its entry in a global competition to host the 2024 olympic and paralympic games. Over the following months, the partnership worked with city and state leaders, business, athletic, civic, community leaders and local olympians to build an organization, gather public input and prepare a more detailed plan to host the games in 2024. The partnership participated in over one hundred community meetings, briefings and events around the city of boston and across the commonwealth to brief citizens, answer questions, gather feedback on our preliminary plans and ultimately win support for the games. For these critical steps, the organization relied on its greatest asset - our people and our thousands of volunteers - and worked closely and collaboratively to better understand the intersection of the city and its citizens in planning a better tomorrow. The process culminated in the public release of an updated plan, "bid 2.0" on june 29, 2015 and a full briefing of the usoc on june 30, 2015. Unfortunately, the partnership was unable to sustian favorable public support, a key metric for selection by the international olympic committee, and the decision was made by the partnership, in consultation with the city of boston, to withdraw the bid on july 27, 2015.

Form 990, Part XI, Line 9

Other change in net assets: transfer to los angeles 2024 exploratory committee, see schedule n (21,292) rounding 116 ---------- ($21,176)

Form 990 Part IX Line 11G

Description:computer consulting services total fees:9256

Form 990 Part IX Line 11G

Description:payroll services total fees:426

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IRS990/Form990PartVIISectionAGrp/PersonNm1RICHARD DAVEY
IRS990/Form990PartVIISectionAGrp/PersonNm2STEPHEN PAGLIUCA
IRS990/Form990PartVIISectionAGrp/PersonNm3ROGER CRANDALL
IRS990/Form990PartVIISectionAGrp/PersonNm4PAIGE SCOTT REED
IRS990/Form990PartVIISectionAGrp/PersonNm5PETER ROBY
IRS990/Form990PartVIISectionAGrp/PersonNm6GLORIA LARSON
IRS990/Form990PartVIISectionAGrp/PersonNm7BILL ACHTMEYER
IRS990/Form990PartVIISectionAGrp/PersonNm8FATAH ADAN
IRS990/Form990PartVIISectionAGrp/PersonNm9LARRY BIRD
IRS990/Form990PartVIISectionAGrp/PersonNm10SCOTT BLACKMUN
IRS990/Form990PartVIISectionAGrp/PersonNm11VANESSA CALDERON-ROSADA
IRS990/Form990PartVIISectionAGrp/PersonNm12CHRISTOPHER COLLINS
IRS990/Form990PartVIISectionAGrp/PersonNm13SENATOR WILLIAM COWAN
IRS990/Form990PartVIISectionAGrp/PersonNm14ANITA DEFRANTZ
IRS990/Form990PartVIISectionAGrp/PersonNm15DANIEL L DOCTOROFF
IRS990/Form990PartVIISectionAGrp/PersonNm16BRIAN DOHERTY
IRS990/Form990PartVIISectionAGrp/PersonNm17SENATOR EILEEN DONOGHUE
IRS990/Form990PartVIISectionAGrp/PersonNm18JON FEINMAN
IRS990/Form990PartVIISectionAGrp/PersonNm19RAYMOND FLYNN
IRS990/Form990PartVIISectionAGrp/PersonNm20CAROL FULP
IRS990/Form990PartVIISectionAGrp/PersonNm21YVONNE GARCIA
IRS990/Form990PartVIISectionAGrp/PersonNm22ALFREDA HARRIS
IRS990/Form990PartVIISectionAGrp/PersonNm23APRIL HOLMES
IRS990/Form990PartVIISectionAGrp/PersonNm24JASON JACOBS
IRS990/Form990PartVIISectionAGrp/PersonNm25THOMAS J KEADY
IRS990/Form990PartVIISectionAGrp/PersonNm26MEB KEFLEZIGHI
IRS990/Form990PartVIISectionAGrp/PersonNm27MICHELLE KWAN
IRS990/Form990PartVIISectionAGrp/PersonNm28AMY LATIMER
IRS990/Form990PartVIISectionAGrp/PersonNm29MARTY MANNION
IRS990/Form990PartVIISectionAGrp/PersonNm30KEITH MCDERMOTT
IRS990/Form990PartVIISectionAGrp/PersonNm31MARY BETH MCMAHON
IRS990/Form990PartVIISectionAGrp/PersonNm32SMAIYRA MILLION
IRS990/Form990PartVIISectionAGrp/PersonNm33OZ MONDEJAR
IRS990/Form990PartVIISectionAGrp/PersonNm34DANIEL O'CONNELL
IRS990/Form990PartVIISectionAGrp/PersonNm35DAVID ORTIZ
IRS990/Form990PartVIISectionAGrp/PersonNm36KELLEY O'SHEA
IRS990/Form990PartVIISectionAGrp/PersonNm37WHITNEY PING
IRS990/Form990PartVIISectionAGrp/PersonNm38ROBERT POPEO
IRS990/Form990PartVIISectionAGrp/PersonNm39LARRY PROBST
IRS990/Form990PartVIISectionAGrp/PersonNm40ROBERT REYNOLDS
IRS990/Form990PartVIISectionAGrp/PersonNm41ANGELA RUGGIERO
IRS990/Form990PartVIISectionAGrp/PersonNm42JOSEPH HENRY WHITE
IRS990/Form990PartVIISectionAGrp/PersonNm43KEVIN WHITE
IRS990/Form990PartVIISectionAGrp/PersonNm44BROOKE WOODSON
IRS990/Form990PartVIISectionAGrp/PersonNm45ERIN MURPHY
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