Civic Intelligence

Massrobotics Inc.

990 • Fiscal year 2017 • EIN 47-1919574

Jan 01, 2017 to Dec 31, 2017 • Filed on May 12, 2018

Organization ProfileWWW.MASSROBOTICS.ORG
12 Channel Street Suite 502Boston, MA 02210

(617) 960-5960

Siviq Scores

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

Liabilities / Assets

78th percentile

0.31x

Higher debt load relative to assets than 78% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

66th percentile

0.11x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

63rd percentile

9.0%

Higher net margin than 63% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

95th percentile

119%

Faster asset growth than 95% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

96th percentile

213%

Faster revenue growth than 96% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$282,404

Up $153,643 (+119%) from 2016

Net Assets

Up

$195,139

Up $72,440 (+59%) from 2016

Liabilities

Up

$87,265

Up $81,203 (+1340%) from 2016

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin63rd percentile

Revenue

Up

$805,645

Up $548,124 (+213%) from 2016

Expenses

Up

$733,205

Up $588,283 (+406%) from 2016

Net Income

Down

$72,440

Down $40,159 (-36%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$20M$15M$10M$5.0M$0Assets 2015: $10,100Liabilities 2015: $02015Assets 2016: $128,761Liabilities 2016: $6,062Net Assets 2016: $122,6992016Assets 2017: $282,404Liabilities 2017: $87,265Net Assets 2017: $195,1392017Assets 2018: $677,953Liabilities 2018: $116,933Net Assets 2018: $561,0202018Assets 2019: $4,836,926Liabilities 2019: $1,207,405Net Assets 2019: $3,629,5212019Assets 2020: $4,694,861Liabilities 2020: $796,454Net Assets 2020: $3,898,4072020Assets 2021: $5,521,015Liabilities 2021: $827,408Net Assets 2021: $4,693,6072021Assets 2022: $16,518,630Liabilities 2022: $12,214,311Net Assets 2022: $4,304,3192022Assets 2023: $16,149,840Liabilities 2023: $12,018,454Net Assets 2023: $4,131,3862023Assets 2024: $15,483,337Liabilities 2024: $11,560,615Net Assets 2024: $3,922,7222024

Highlighted filing

2017

Assets$282,404
Liabilities$87,265
Net Assets$195,139
Open 2017 Filing

Operations Trend

Revenue Growth96th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $10,100Expenses 2015: $0Net Income 2015: $10,1002015Revenue 2016: $257,521Expenses 2016: $144,922Net Income 2016: $112,5992016Revenue 2017: $805,645Expenses 2017: $733,205Net Income 2017: $72,4402017Revenue 2018: $1,757,933Expenses 2018: $1,395,936Net Income 2018: $361,9972018Revenue 2019: $4,637,979Expenses 2019: $1,564,795Net Income 2019: $3,073,1842019Revenue 2020: $2,123,353Expenses 2020: $1,854,467Net Income 2020: $268,8862020Revenue 2021: $2,970,436Expenses 2021: $2,175,236Net Income 2021: $795,2002021Revenue 2022: $3,381,614Expenses 2022: $3,770,902Net Income 2022: -$389,2882022Revenue 2023: $3,945,546Expenses 2023: $4,118,479Net Income 2023: -$172,9332023Revenue 2024: $4,010,021Expenses 2024: $4,218,685Net Income 2024: -$208,6642024

Highlighted filing

2017

Revenue$805,645
Expenses$733,205
Net Income$72,440
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 12, 2018
Return Version
2017v2.3
Gross Receipts
$805,645
Mission and Program Overview

Mission

The mission of the organization is to help create and scale the next generation of successful robotics and connected device companies by providing entrepreneurs and innovative robotics/automation startups with the workspace and resources they need to develop, prototype, test and commercialize their products and solutions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$24,952$158,775▲ $133,823
Pledges and Grants Receivable$25,000$77,600▲ $52,600
Cash and Non-Interest-Bearing Accounts$8,689$11,326▲ $2,637
Prepaid Expenses and Deferred Charges-$2,942-
Savings and Temporary Cash Investments$40,120$331▼ $39,789
Total Assets$128,761$282,404▲ $153,643
Other Assets Total$30,000$31,430▲ $1,430
Liabilities
Accounts Payable and Accrued Expenses$6,062$70,340▲ $64,278
Other Liabilities-$16,925-
Total Liabilities$6,062$87,265▲ $81,203
Net Assets / Fund Balance
Unrestricted Net Assets$122,699$195,139▲ $72,440
Total Net Assets Fund Balance$122,699$195,139▲ $72,440
Total Liabilities and Net Assets / Fund Balance$128,761$282,404▲ $153,643

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$158,019$11,354$169,373
Equipment$756$134$890
Other Assets Org$31,430--
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Timothy RoweChairman/tre
Daniel TheobaldPresident
CA WebbDirector
Colin AngleDirector
Daniela RusDirector
Tom HopcroftDirector
Peter RosenblumClerk
Revenue and Support

Revenue Composition

Contributions and Grants
$205,128
Program Service Revenue
$600,237
Investment Income
$210
Other Revenue
$70
All Other Contributions
$205,128
Change in Net Assets
$72,440

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$61,724Fair Value
Other Non Cash Contri Table1$50,700Fair Value
Other Non Cash Contri Table1$17,704Fair Value
Total Noncash Contributions3$130,128-

Audited Revenue Reconciliation

Revenue per Audited Statements
$805,645
Revenue Not Reported on Form 990
$130,127
Total Revenue per Audited Statements
$935,772
Total Revenue per Form 990
$805,645
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$479,973
Salaries, Compensation, and Employee Benefits$253,232
Total Fundraising Expense$124,505
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$182,302$45,576-$227,878
Other Salaries and Wages$56,079-$73,846$129,925
Current Officers, Directors, Trustees, and Key Employees$34,615$43,269$8,654$86,538
Fees for Services Legal-$50,700$11,529$62,229
Fees for Services Other$61,724--$61,724
Payroll Taxes$11,421$7,462$12,042$30,925
Fees for Services Accounting-$16,200-$16,200
Office Expenses$10,564$3,018$1,509$15,091
Travel$9,549-$3,272$12,821
Depreciation Depletion$10,550--$10,550
Advertising$6,221$3,103-$9,324
Other Employee Benefits$5,844--$5,844
Other Expenses$4,568-$727$4,568
All Other Expenses$2,794$938-$3,732
Insurance$2,781$695-$3,476
Conferences and Meetings-$1,027$426$1,453
Total Functional Expenses$436,712$171,988$124,505$733,205

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$863,332
Expenses per Audited Statements$733,205
Total Expenses per Form 990$733,205
Expenses Not Reported on Form 990$130,127
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Resident Deposits$16,925
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, Page 6, Part VI, Line 8B

“The organization does not have any committees that act on behalf of the governing board.”

Form 990, Page 6, Part VI, Line 11B

“Executive director will review and discuss the tax return with the independent cpa audit firm. The executive director will subsequently update the treasurer and review with appropriate members of the board of directors.”

Form 990, Page 6, Part VI, Line 12C

“Board is required to disclose any conflict of interest immediately.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available upon requests.”

Filing and Contact Details

Filer

Filer Name
Massrobotics Inc
EIN
47-1919574
Phone
6179605960
Address
12 CHANNEL STREET SUITE 502, BOSTON, MA 02210

Signing Officer

Name
Thomas Ryden
Title
Executive Director
Phone
6179605960
Signed
2018-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy Rowe
Formed
2015
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
7
Employees
4
Volunteers
18

Preparer

Firm
Cain Bourret Jarry & Associates LLC
Address
1595 LAKEVIEW AVENUE, DRACUT, MA 01826
Preparer
Steven R Bourret
Phone
9789571421
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

“The original return did not include a value for donated services and a difference in depreciation expense from their audited financial statements. These errors have been corrected and results in a decreased net income of 4,363 from the original return filed.”

FORM 990 - ORGANIZATION'S MISSION

“The mission of the organization is to help create and scale the next generation of successful robotics and connected device companies by providing entrepreneurs and innovative robotics/automation startups with the workspace and resources they need to develop, prototype, test and commercialize their products and solutions.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization's activities are generally exempt from federal and state income taxes under section 501 (c)(3) of the internal revenue code and section 830 cmr 63.38t.1 of massachusetts general laws. Since the organization is exempt from federal and state income tax liability, no provision is made for current or deferred income tax expenses. The organization is not a private foundation. Management is not aware of any transactions that would negatively impact the organization's tax-exempt status. For the year ended december 31, 2017, management of the organization is not aware of any material uncertain tax positions to be accounted for in the financial statements. It is the organization's policy to recognize interest and penalties related to income taxes on uncertain tax positions, if any, in interest expense for the period. All tax-exempt entities are subject to review and audit by federal, state, and other applicable agencies. Such agencies may review the taxability of unrelated business income, or the qualification of the tax-exempt entity under the internal revenue code and applicable state statues. The organization's returns are subject to possible examination by the taxing authorities until the expiration of the related statutes of limitations on those tax returns. In general, the federal and state returns have a three year statute of limitations.”

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IRS990/PayrollTaxesGrp/ProgramServicesAmt011421
IRS990/PayrollTaxesGrp/TotalAmt030925
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt025000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt077600
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02942
IRS990/PrincipalOfficerNm0TIMOTHY ROWE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0541300
IRS990/ProgramServiceRevenueGrp/BusinessCd1541300
IRS990/ProgramServiceRevenueGrp/BusinessCd2541300
IRS990/ProgramServiceRevenueGrp/BusinessCd3541610
IRS990/ProgramServiceRevenueGrp/Desc0SPONSORSHIPS
IRS990/ProgramServiceRevenueGrp/Desc1RESIDENT RENTAL
IRS990/ProgramServiceRevenueGrp/Desc2SPECIAL EVENTS
IRS990/ProgramServiceRevenueGrp/Desc3CONSULTING INCOME
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0362500
IRS990/ProgramServiceRevenueGrp/ExclusionAmt1178237
IRS990/ProgramServiceRevenueGrp/ExclusionAmt234500
IRS990/ProgramServiceRevenueGrp/ExclusionAmt325000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0362500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1178237
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt234500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt325000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0235000
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt021
IRS990/PYOtherExpensesAmt0114822
IRS990/PYProgramServiceRevenueAmt022500
IRS990/PYRevenuesLessExpensesAmt0112599
IRS990/PYSalariesCompEmpBnftPaidAmt030100
IRS990/PYTotalExpensesAmt0144922
IRS990/PYTotalRevenueAmt0257521
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt072440
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0600237
IRS990/SavingsAndTempCashInvstGrp/BOYAmt040120
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0331
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0205128
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0235000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt010100
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0450228
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0210
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0210
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt022521
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt022521
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt0600307
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0600307
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0210
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0210
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportTotal509Amt01073056
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0805435
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0257521
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt010100
IRS990ScheduleA/Total509Grp/TotalAmt01073056
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0805645
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0257521
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt010100
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01073266
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0130127
IRS990ScheduleD/DonatedServicesUseFcltsAmt0130127
IRS990ScheduleD/EquipmentGrp/BookValueAmt0756
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0134
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0890
IRS990ScheduleD/ExpensesNotReportedAmt0130127
IRS990ScheduleD/ExpensesSubtotalAmt0733205
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt031430
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0158019
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011354
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0169373
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt016925
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RESIDENT DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt0130127
IRS990ScheduleD/RevenueSubtotalAmt0805645
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S ACTIVITIES ARE GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 830 CMR 63.38T.1 OF MASSACHUSETTS GENERAL LAWS. SINCE THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAX LIABILITY, NO PROVISION IS MADE FOR CURRENT OR DEFERRED INCOME TAX EXPENSES. THE ORGANIZATION IS NOT A PRIVATE FOUNDATION. MANAGEMENT IS NOT AWARE OF ANY TRANSACTIONS THAT WOULD NEGATIVELY IMPACT THE ORGANIZATION'S TAX-EXEMPT STATUS. FOR THE YEAR ENDED DECEMBER 31, 2017, MANAGEMENT OF THE ORGANIZATION IS NOT AWARE OF ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE ACCOUNTED FOR IN THE FINANCIAL STATEMENTS. IT IS THE ORGANIZATION'S POLICY TO RECOGNIZE INTEREST AND PENALTIES RELATED TO INCOME TAXES ON UNCERTAIN TAX POSITIONS, IF ANY, IN INTEREST EXPENSE FOR THE PERIOD. ALL TAX-EXEMPT ENTITIES ARE SUBJECT TO REVIEW AND AUDIT BY FEDERAL, STATE, AND OTHER APPLICABLE AGENCIES. SUCH AGENCIES MAY REVIEW THE TAXABILITY OF UNRELATED BUSINESS INCOME, OR THE QUALIFICATION OF THE TAX-EXEMPT ENTITY UNDER THE INTERNAL REVENUE CODE AND APPLICABLE STATE STATUES. THE ORGANIZATION'S RETURNS ARE SUBJECT TO POSSIBLE EXAMINATION BY THE TAXING AUTHORITIES UNTIL THE EXPIRATION OF THE RELATED STATUTES OF LIMITATIONS ON THOSE TAX RETURNS. IN GENERAL, THE FEDERAL AND STATE RETURNS HAVE A THREE YEAR STATUTE OF LIMITATIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0158775
IRS990ScheduleD/TotalBookValueOtherAssetsAmt031430
IRS990ScheduleD/TotalExpensesPerForm990Amt0733205
IRS990ScheduleD/TotalLiabilityAmt016925
IRS990ScheduleD/TotalRevenuePerForm990Amt0805645
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0935772
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0863332
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt11
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt21
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0BROKERAGE FEE
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1MARKETING/PR
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc2LEGAL SERVICES
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FAIR VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1FAIR VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt2FAIR VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd2X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt017704
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt161724
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt250700
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORIGINAL RETURN DID NOT INCLUDE A VALUE FOR DONATED SERVICES AND A DIFFERENCE IN DEPRECIATION EXPENSE FROM THEIR AUDITED FINANCIAL STATEMENTS. THESE ERRORS HAVE BEEN CORRECTED AND RESULTS IN A DECREASED NET INCOME OF 4,363 FROM THE ORIGINAL RETURN FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MISSION OF THE ORGANIZATION IS TO HELP CREATE AND SCALE THE NEXT GENERATION OF SUCCESSFUL ROBOTICS AND CONNECTED DEVICE COMPANIES BY PROVIDING ENTREPRENEURS AND INNOVATIVE ROBOTICS/AUTOMATION STARTUPS WITH THE WORKSPACE AND RESOURCES THEY NEED TO DEVELOP, PROTOTYPE, TEST AND COMMERCIALIZE THEIR PRODUCTS AND SOLUTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT ACT ON BEHALF OF THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXECUTIVE DIRECTOR WILL REVIEW AND DISCUSS THE TAX RETURN WITH THE INDEPENDENT CPA AUDIT FIRM. THE EXECUTIVE DIRECTOR WILL SUBSEQUENTLY UPDATE THE TREASURER AND REVIEW WITH APPROPRIATE MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD IS REQUIRED TO DISCLOSE ANY CONFLICT OF INTEREST IMMEDIATELY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUESTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0128761
IRS990/TotalAssetsEOYAmt0282404
IRS990/TotalAssetsGrp/BOYAmt0128761
IRS990/TotalAssetsGrp/EOYAmt0282404
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0205128
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0124505
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0171988
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0436712
IRS990/TotalFunctionalExpensesGrp/TotalAmt0733205
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06062
IRS990/TotalLiabilitiesEOYAmt087265
IRS990/TotalLiabilitiesGrp/BOYAmt06062
IRS990/TotalLiabilitiesGrp/EOYAmt087265
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0122699
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0195139
IRS990/TotalProgramServiceExpensesAmt0436712
IRS990/TotalProgramServiceRevenueAmt0600237
IRS990/TotalRevenueGrp/ExclusionAmt0600517
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0805645
IRS990/TotalVolunteersCnt018
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0128761
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0282404
IRS990/TravelGrp/FundraisingAmt03272
IRS990/TravelGrp/ProgramServicesAmt09549
IRS990/TravelGrp/TotalAmt012821
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$282,404
Liabilities
$87,265
Net assets
$195,139
Revenue
$805,645
Expenses
$733,205
Net income
$72,440
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.5$11.6$3.92$4.01$4.22$0.21
2023Summary only. Only limited summary data is available for this year.$16.1$12.0$4.13$3.95$4.12$0.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.5$12.2$4.30$3.38$3.77$0.39
2021Summary only. Only limited summary data is available for this year.$5.52$0.83$4.69$2.97$2.18$0.80
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.69$0.80$3.90$2.12$1.85$0.27
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.84$1.21$3.63$4.64$1.56$3.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.68$0.12$0.56$1.76$1.40$0.36
2017Detailed filing. Detailed filing data is available for this year.$0.28$0.09$0.20$0.81$0.73$0.07
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.01$0.12$0.26$0.14$0.11
2015Summary only. Only limited summary data is available for this year.$0.01$0.00$0.01$0.00$0.01