Civic Intelligence

Massrobotics Inc.

990 • Fiscal year 2023 • EIN 47-1919574

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 06, 2024

Organization ProfileWWW.MASSROBOTICS.ORG
12 Channel Street Suite 202Boston, MA 02210

(617) 960-5960

Siviq Scores

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

Liabilities / Assets

85th percentile

0.74x

Higher debt load relative to assets than 85% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

92nd percentile

3.05x

Higher debt load relative to revenue than 92% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

27th percentile

-4.4%

Higher net margin than 27% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

70th percentile

$250,000

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

22nd percentile

-2.2%

Faster asset growth than 22% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

69th percentile

17%

Faster revenue growth than 69% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets85th percentile

Assets

Flat

$16,149,840

Flat from 2023

Net Assets

Flat

$4,131,386

Flat from 2023

Liabilities

Flat

$12,018,454

Flat from 2023

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin27th percentile

Revenue

Flat

$3,945,546

Flat from 2023

Expenses

Flat

$4,118,479

Flat from 2023

Net Income

Flat

-$172,933

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth22nd 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 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

2023

Assets$16,149,840
Liabilities$12,018,454
Net Assets$4,131,386
Open 2023 Filing

Operations Trend

Revenue Growth69th 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 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

2023

Revenue$3,945,546
Expenses$4,118,479
Net Income-$172,933
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 6, 2024
Return Version
2023v5.0
Gross Receipts
$4,068,750
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$3,944,841$4,093,814▲ $148,973
Pledges and Grants Receivable$318,459$452,503▲ $134,044
Cash and Non-Interest-Bearing Accounts$44,083$300,512▲ $256,429
Savings and Temporary Cash Investments$510,778$213,697▼ $297,081
Accounts Receivable-$38,247-
Prepaid Expenses and Deferred Charges$14,784$15,034▲ $250
Total Assets$16,518,630$16,149,840▼ $368,790
Other Assets Total$11,685,685$11,036,033▼ $649,652
Liabilities
Other Liabilities$12,053,758$11,635,184▼ $418,574
Unsecured Notes Loans Payable-$235,200-
Accounts Payable and Accrued Expenses$160,553$148,070▼ $12,483
Total Liabilities$12,214,311$12,018,454▼ $195,857
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,301,485$4,128,552▼ $172,933
Net Assets With Donor Restrictions$2,834$2,834→ $0
Total Net Assets Fund Balance$4,304,319$4,131,386▼ $172,933
Total Liabilities and Net Assets / Fund Balance$16,518,630$16,149,840▼ $368,790

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$3,648,637$1,320,672$4,969,309
Equipment$445,177$257,750$702,927
Other Assets Org$82,942--
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas RydenExecutive DiFT$250,000-$250,000
Thomas RydenExecutive Director-$250,000$20,135$250,000
Joyce SidopoulosChief of OpeFT$200,000-$200,000
Joyce SidopoulosChief of Operations-$200,000-$200,000
Colleen AndersonDirector, RoFT$147,678$20,135$167,813
Colleen AndersonDirector, Robotics-$147,678-$167,813
Juan Necochea BarbosaDirector Strat.FT$148,750-$148,750
Micaelah MorrillVP BusinessFT$145,002-$145,002

Board Members and Trustees

NameTitle
Daniel TheobaldPresident
Colin AngleDirector
Cynthia Ann WebbDirector
Daniela RusDirector
Thomas HopcroftDirector
Tye BradyDirector
Timothy RoweTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,811,069
Program Service Revenue
$1,207,700
Investment Income
$8,359
Other Revenue
$-81,582
All Other Contributions
$2,664,395
Change in Net Assets
$-172,933

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,945,546
Revenue Not Reported on Form 990
$89,007
Total Revenue per Audited Statements
$4,034,553
Total Revenue per Form 990
$3,945,546
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,628,420
Salaries, Compensation, and Employee Benefits$1,490,059
Total Fundraising Expense$401,640
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$1,183,696$295,924-$1,479,620
Other Salaries and Wages$579,637$263,606$241,761$1,085,004
Depreciation Depletion$334,325$83,581-$417,906
Current Officers, Directors, Trustees, and Key Employees$62,500$87,500$100,000$250,000
Office Expenses$85,897$24,542$12,271$122,710
Payroll Taxes$49,468$27,048$26,328$102,844
Other Employee Benefits-$52,211-$52,211
Fees for Services Accounting-$49,696$53$49,749
Conferences and Meetings-$30,071$12,887$42,958
All Other Expenses$32,991$7,325$1,582$41,898
Travel$32,142-$3,571$35,713
Other Expenses$25,494$3,187$3,187$31,868
Advertising$13,815$6,804-$20,619
Insurance$11,542$2,886-$14,428
Total Functional Expenses$2,782,458$934,381$401,640$4,118,479

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,207,486
Expenses per Audited Statements$4,118,479
Total Expenses per Form 990$4,118,479
Expenses Not Reported on Form 990$89,007
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$123,204
Fundraising Gross Income$38,574
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$23,574$23,574$45,303$-21,729
Block Party$15,000$15,000$77,901$-62,901
Total Events$38,574$38,574$123,204$-84,630
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$11,577,248
Security Deposits$57,925
Rounding$11
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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 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 202, BOSTON, MA 02210

Signing Officer

Name
Thomas Ryden
Title
Executive Director
Phone
6179605960
Signed
2024-09-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Theobald
Formed
2015
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
8
Employees
17
Volunteers
26

Preparer

Firm
Cain Bourret Jarry & Cressman LLC
Address
1175 MAMMOTH ROAD SUITE 2A, DRACUT, MA 01826
Preparer
Kristin M Cressman
Phone
9789571421
Supplemental Narrative

Additional Explanations

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.”

Form 990, Page 2, Part III, Line 4A

“The organization is an independent, non-profit organization serving as the innovation hub for robotics and connected devices. Through our programming and events, we help bring together innovative startups and existing technology organizations to nurture the next generation of talent, and promote economic growth and innovation. By working with diverse local talent, we are helping to bring about the next global evolution of robotics. The organization promotes the development of common-need technology services, such as software and standards support for the robotics community, foster a collaborative ecosystem for academic, private, and public key stakeholders that allows thought-sharing and creative exchange, and inspire the next generation of innovators and builders through in-house hands-on stem collaboration and initiatives.”

Raw XML AppendixShowing 400 of 527 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0160553
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0148070
IRS990/AccountsReceivableGrp/EOYAmt038247
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE 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.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt06804
IRS990/AdvertisingGrp/ProgramServicesAmt013815
IRS990/AdvertisingGrp/TotalAmt020619
IRS990/AllOtherContributionsAmt02664395
IRS990/AllOtherExpensesGrp/FundraisingAmt01582
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt07325
IRS990/AllOtherExpensesGrp/ProgramServicesAmt032991
IRS990/AllOtherExpensesGrp/TotalAmt041898
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BooksInCareOfDetail/PersonNm0THOMAS RYDEN
IRS990/BooksInCareOfDetail/PhoneNum06179605960
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt012 CHANNEL STREET SUITE 502
IRS990/BooksInCareOfDetail/USAddress/CityNm0BOSTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002210
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt044083
IRS990/CashNonInterestBearingGrp/EOYAmt0300512
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt0100000
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt087500
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt062500
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0250000
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/FundraisingAmt012887
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt030071
IRS990/ConferencesMeetingsGrp/TotalAmt042958
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02811069
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt08359
IRS990/CYOtherExpensesAmt02628420
IRS990/CYOtherRevenueAmt0-81582
IRS990/CYProgramServiceRevenueAmt01207700
IRS990/CYRevenuesLessExpensesAmt0-172933
IRS990/CYSalariesCompEmpBnftPaidAmt01490059
IRS990/CYTotalExpensesAmt04118479
IRS990/CYTotalFundraisingExpenseAmt0401640
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03945546
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt083581
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0334325
IRS990/DepreciationDepletionGrp/TotalAmt0417906
IRS990/Desc0THE ORGANIZATION IS AN INDEPENDENT, NON-PROFIT ORGANIZATION SERVING AS THE INNOVATION HUB FOR ROBOTICS AND CONNECTED DEVICES. THROUGH OUR PROGRAMMING AND EVENTS, WE HELP BRING TOGETHER INNOVATIVE STARTUPS AND EXISTING TECHNOLOGY ORGANIZATIONS TO NURTURE THE NEXT GENERATION OF TALENT, AND PROMOTE ECONOMIC GROWTH AND INNOVATION. BY WORKING WITH DIVERSE LOCAL TALENT, WE ARE HELPING TO BRING ABOUT THE NEXT GLOBAL EVOLUTION OF ROBOTICS. THE ORGANIZATION PROMOTES THE DEVELOPMENT OF COMMON-NEED TECHNOLOGY SERVICES, SUCH AS SOFTWARE AND STANDARDS SUPPORT FOR THE ROBOTICS COMMUNITY, FOSTER A COLLABORATIVE ECOSYSTEM FOR ACADEMIC, PRIVATE, AND PUBLIC KEY STAKEHOLDERS THAT ALLOWS THOUGHT-SHARING AND CREATIVE EXCHANGE, AND INSPIRE THE NEXT GENERATION OF INNOVATORS AND BUILDERS THROUGH IN-HOUSE HANDS-ON STEM COLLABORATION AND INITIATIVES.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt02834
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt02834
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt017
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt02782458
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt053
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt049696
IRS990/FeesForServicesAccountingGrp/TotalAmt049749
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220135
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/PersonNm0THOMAS RYDEN
IRS990/Form990PartVIISectionAGrp/PersonNm1JOYCE SIDOPOULOS
IRS990/Form990PartVIISectionAGrp/PersonNm2COLLEEN ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm3JUAN NECOCHEA BARBOSA
IRS990/Form990PartVIISectionAGrp/PersonNm4MICAELAH MORRILL
IRS990/Form990PartVIISectionAGrp/PersonNm5COLIN ANGLE
IRS990/Form990PartVIISectionAGrp/PersonNm6TYE BRADY
IRS990/Form990PartVIISectionAGrp/PersonNm7THOMAS HOPCROFT
IRS990/Form990PartVIISectionAGrp/PersonNm8TIMOTHY ROWE
IRS990/Form990PartVIISectionAGrp/PersonNm9DANIELA RUS
IRS990/Form990PartVIISectionAGrp/PersonNm10DANIEL THEOBALD
IRS990/Form990PartVIISectionAGrp/PersonNm11CYNTHIA ANN WEBB
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0250000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1200000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2147678
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3148750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4145002
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHIEF OF OPE
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR, RO
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIR. STRAT.
IRS990/Form990PartVIISectionAGrp/TitleTxt4VP BUSINESS
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02015
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt0123204
IRS990/FundraisingGrossIncomeAmt038574
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt0146674
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt04068750
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt02886
IRS990/InsuranceGrp/ProgramServicesAmt011542
IRS990/InsuranceGrp/TotalAmt014428
IRS990/InvestmentIncomeGrp/ExclusionAmt08359
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt08359
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt025
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01578422
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03944841
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04093814
IRS990/LandBldgEquipCostOrOtherBssAmt05672236
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt04304319
IRS990/NetAssetsOrFundBalancesEOYAmt04131386
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-84630
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04301485
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04128552
IRS990/NoncashContributionsAmt06400
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0295924
IRS990/OccupancyGrp/ProgramServicesAmt01183696
IRS990/OccupancyGrp/TotalAmt01479620
IRS990/OfficeExpensesGrp/FundraisingAmt012271
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt024542
IRS990/OfficeExpensesGrp/ProgramServicesAmt085897
IRS990/OfficeExpensesGrp/TotalAmt0122710
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt011685685
IRS990/OtherAssetsTotalGrp/EOYAmt011036033
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt052211
IRS990/OtherEmployeeBenefitsGrp/TotalAmt052211
IRS990/OtherExpensesGrp/Desc0AWARDS AND GRANTS
IRS990/OtherExpensesGrp/Desc1OUTSIDE CONTRACT SERVICE
IRS990/OtherExpensesGrp/Desc2EQUIPMENT AND SMALL TOOLS
IRS990/OtherExpensesGrp/Desc3MEALS AND ENTERTAINMENT
IRS990/OtherExpensesGrp/FundraisingAmt03187
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03187
IRS990/OtherExpensesGrp/ProgramServicesAmt0215540
IRS990/OtherExpensesGrp/ProgramServicesAmt1111636
IRS990/OtherExpensesGrp/ProgramServicesAmt243775
IRS990/OtherExpensesGrp/ProgramServicesAmt325494
IRS990/OtherExpensesGrp/TotalAmt0215540
IRS990/OtherExpensesGrp/TotalAmt1111636
IRS990/OtherExpensesGrp/TotalAmt243775
IRS990/OtherExpensesGrp/TotalAmt331868
IRS990/OtherLiabilitiesGrp/BOYAmt012053758
IRS990/OtherLiabilitiesGrp/EOYAmt011635184
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt03048
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03048
IRS990/OtherRevenueTotalAmt03048
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0241761
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0263606
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0579637
IRS990/OtherSalariesAndWagesGrp/TotalAmt01085004
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt026328
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt027048
IRS990/PayrollTaxesGrp/ProgramServicesAmt049468
IRS990/PayrollTaxesGrp/TotalAmt0102844
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0318459
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0452503
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014784
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015034
IRS990/PrincipalOfficerNm0DANIEL THEOBALD
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0541300
IRS990/ProgramServiceRevenueGrp/BusinessCd1541300
IRS990/ProgramServiceRevenueGrp/Desc0RESIDENT RENTAL
IRS990/ProgramServiceRevenueGrp/Desc1CORP. & BUSINESS CONTRACT
IRS990/ProgramServiceRevenueGrp/ExclusionAmt01182700
IRS990/ProgramServiceRevenueGrp/ExclusionAmt125000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01182700
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt125000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02522131
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01335
IRS990/PYOtherExpensesAmt02619303
IRS990/PYOtherRevenueAmt0-55865
IRS990/PYProgramServiceRevenueAmt0914013
IRS990/PYRevenuesLessExpensesAmt0-389288
IRS990/PYSalariesCompEmpBnftPaidAmt01151599
IRS990/PYTotalExpensesAmt03770902
IRS990/PYTotalRevenueAmt03381614
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-172933
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01207700
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0510778
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0213697
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt02811069
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02522131
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt02243789
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01544371
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt04233505
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt013354865
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt08359
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01335
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0613
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0586
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0771
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt011664
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt038574
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt040000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt081875
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0160449
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt01210748
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt0916576
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt0709520
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt0578396
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt0403703
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt03818943
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt08359
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01335
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0613
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0586
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0771
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt011664
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99930
IRS990ScheduleA/PublicSupportPY509Pct00.99980
IRS990ScheduleA/PublicSupportTotal509Amt017334257
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt04060391
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03478707
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03035184
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02122767
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt04637208
IRS990ScheduleA/Total509Grp/TotalAmt017334257
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt04068750
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt03480042
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt03035797
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02123353
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt04637979
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt017345921
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
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt089007
IRS990ScheduleD/DonatedServicesUseFcltsAmt089007
IRS990ScheduleD/EquipmentGrp/BookValueAmt0445177
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0257750
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0702927
IRS990ScheduleD/ExpensesNotReportedAmt089007
IRS990ScheduleD/ExpensesSubtotalAmt04118479
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03648637
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01320672
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt04969309
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt010953091
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt182942
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT-OF-USE ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011577248
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt157925
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt211
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ROUNDING
IRS990ScheduleD/RevenueNotReportedAmt089007
IRS990ScheduleD/RevenueSubtotalAmt03945546
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04093814
IRS990ScheduleD/TotalBookValueOtherAssetsAmt011036033
IRS990ScheduleD/TotalExpensesPerForm990Amt04118479
IRS990ScheduleD/TotalLiabilityAmt011635184
IRS990ScheduleD/TotalRevenuePerForm990Amt03945546
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04034553
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04207486
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0123204
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,149,840
Liabilities
$12,018,454
Net assets
$4,131,386
Revenue
$3,945,546
Expenses
$4,118,479
Net income
-$172,933
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
2023Detailed filing. Detailed filing data is available for this year.$16.1$12.0$4.13$3.95$4.12$0.17
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
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$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