Civic Intelligence

Massrobotics Inc.

990 • Fiscal year 2024 • EIN 47-1919574

Jan 01, 2024 to Dec 31, 2024 • Filed on Sep 03, 2025

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

86th percentile

0.75x

Higher debt load relative to assets than 86% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

2.88x

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

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

24th percentile

-5.2%

Higher net margin than 24% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

69th percentile

$250,000

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

18th percentile

-4.1%

Faster asset growth than 18% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

36th percentile

1.6%

Faster revenue growth than 36% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$15,483,337

Down $666,503 (-4.1%) from 2023

Net Assets

Down

$3,922,722

Down $208,664 (-5.1%) from 2023

Liabilities

Down

$11,560,615

Down $457,839 (-3.8%) from 2023

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin24th percentile

Revenue

Up

$4,010,021

Up $64,475 (+1.6%) from 2023

Expenses

Up

$4,218,685

Up $100,206 (+2.4%) from 2023

Net Income

Down

-$208,664

Down $35,731 (-21%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth18th 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

2024

Assets$15,483,337
Liabilities$11,560,615
Net Assets$3,922,722
Open 2024 Filing

Operations Trend

Revenue Growth36th 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

2024

Revenue$4,010,021
Expenses$4,218,685
Net Income-$208,664
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 3, 2025
Return Version
2024v5.0
Gross Receipts
$4,267,889
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$4,093,814$4,177,510▲ $83,696
Pledges and Grants Receivable$452,503$556,923▲ $104,420
Savings and Temporary Cash Investments$213,697$225,365▲ $11,668
Cash and Non-Interest-Bearing Accounts$300,512$83,582▼ $216,930
Accounts Receivable$38,247$69,035▲ $30,788
Prepaid Expenses and Deferred Charges$15,034$13,763▼ $1,271
Total Assets$16,149,840$15,483,337▼ $666,503
Other Assets Total$11,036,033$10,357,159▼ $678,874
Liabilities
Other Liabilities$11,635,184$11,132,652▼ $502,532
Unsecured Notes Loans Payable$235,200$235,200→ $0
Accounts Payable and Accrued Expenses$148,070$189,173▲ $41,103
Deferred Revenue-$3,590-
Total Liabilities$12,018,454$11,560,615▼ $457,839
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,128,552$3,872,722▼ $255,830
Net Assets With Donor Restrictions$2,834$50,000▲ $47,166
Total Net Assets Fund Balance$4,131,386$3,922,722▼ $208,664
Total Liabilities and Net Assets / Fund Balance$16,149,840$15,483,337▼ $666,503

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$3,364,386$1,678,675$5,043,061
Equipment$813,124$392,642$1,205,766
Other Assets Org$75,571--
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas RydenExecutive DiFT$250,000-$250,000
Thomas RydenExecutive Director-$250,000$15,693$250,000
Joyce SidopoulosChief of OpeFT$213,879-$213,879
Joyce SidopoulosChief of Operations-$213,879$8,133$213,879
Colleen AndersonDirector, RoFT$161,200$15,693$176,893
Colleen AndersonDirector, Robotics-$161,200-$176,893
Marita McginnDirector, MrFT$156,028$8,133$164,161
Marita McginnDirector, Mr Accel.-$156,028-$164,161
Kevin SmithStem Prgm MgFT$107,052$8,133$115,185

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
$2,708,625
Program Service Revenue
$1,317,627
Investment Income
$7,668
Other Revenue
$-23,899
All Other Contributions
$2,237,058
Change in Net Assets
$-208,664

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 Amount
Other Non Cash Contri Table1$451,536
Total Noncash Contributions1$451,536

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,010,021
Revenue Not Reported on Form 990
$127,029
Total Revenue per Audited Statements
$4,137,050
Total Revenue per Form 990
$4,010,021
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,780,401
Salaries, Compensation, and Employee Benefits$1,438,284
Total Fundraising Expense$267,458
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$1,217,134$304,284-$1,521,418
Other Salaries and Wages$633,533$296,707$116,904$1,047,144
Depreciation Depletion$394,317$98,579-$492,896
Current Officers, Directors, Trustees, and Key Employees$62,500$87,500$100,000$250,000
Office Expenses$103,128$29,465$14,733$147,326
Payroll Taxes$52,604$29,037$16,393$98,034
All Other Expenses$53,010$8,750$4,198$65,958
Travel$51,194-$5,688$56,882
Fees for Services Accounting-$46,434-$46,434
Other Employee Benefits-$43,106-$43,106
Conferences and Meetings-$22,264$9,542$31,806
Other Expenses$24,437$2,715-$27,152
Interest-$24,881-$24,881
Insurance$11,476$2,869-$14,345
Advertising$5,541$2,729-$8,270
Total Functional Expenses$2,951,907$999,320$267,458$4,218,685

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,345,714
Expenses per Audited Statements$4,218,685
Total Expenses per Form 990$4,218,685
Expenses Not Reported on Form 990$127,029
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$257,868
Fundraising Gross Income$217,559
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Block Party$100,000$100,000$100,219$-219
Stem Events$87,500$87,500$37,541$49,959
Total Events$217,559$217,559$257,868$-40,309
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$11,052,127
Security Deposits$80,525
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
2025-09-03
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
15
Volunteers
62

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.”

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Filings

Displayed year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$15,483,337
Liabilities
$11,560,615
Net assets
$3,922,722
Revenue
$4,010,021
Expenses
$4,218,685
Net income
-$208,664
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
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