Civic Intelligence

Mit Enterprise Forum Inc Group Return

990 • Fiscal year 2018 • EIN 91-1836589

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

Organization ProfileENTERPRISEFORUM.MIT.EDU
One Main Street 13th FloorCambridge, MA 02142

(617) 475-8013

Siviq Scores

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

Liabilities / Assets

70th percentile

0.17x

Higher debt load relative to assets than 70% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

77th percentile

0.22x

Higher debt load relative to revenue than 77% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

21st percentile

-10%

Higher net margin than 21% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

99th percentile

$552,826

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 77.2% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

10th percentile

-18%

Faster asset growth than 10% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

14th percentile

-22%

Faster revenue growth than 14% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets70th percentile

Assets

Down

$952,197

Down $215,638 (-18%) from 2017

Net Assets

Down

$791,663

Down $203,327 (-20%) from 2017

Liabilities

Down

$160,534

Down $12,311 (-7.1%) from 2017

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin21st percentile

Revenue

Down

$716,008

Down $207,858 (-22%) from 2017

Expenses

Down

$788,524

Down $209,907 (-21%) from 2017

Net Income

Up

-$72,516

Up $2,049 (+2.7%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,590,559Liabilities 2011: $259,796Net Assets 2011: $1,330,7632011Assets 2012: $1,521,706Liabilities 2012: $244,119Net Assets 2012: $1,277,5872012Assets 2013: $1,598,232Liabilities 2013: $362,455Net Assets 2013: $1,235,7772013Assets 2014: $1,507,247Liabilities 2014: $200,832Net Assets 2014: $1,306,4152014Assets 2015: $1,329,124Liabilities 2015: $215,214Net Assets 2015: $1,113,9102015Assets 2016: $1,382,565Liabilities 2016: $183,903Net Assets 2016: $1,198,6622016Assets 2017: $1,167,835Liabilities 2017: $172,845Net Assets 2017: $994,9902017Assets 2018: $952,197Liabilities 2018: $160,534Net Assets 2018: $791,6632018Assets 2019: $864,481Liabilities 2019: $217,275Net Assets 2019: $647,2062019Assets 2020: $786,167Liabilities 2020: $221,990Net Assets 2020: $564,1772020Assets 2021: $677,257Liabilities 2021: $42,915Net Assets 2021: $634,3422021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2018

Assets$952,197
Liabilities$160,534
Net Assets$791,663
Open 2018 Filing

Operations Trend

Revenue Growth14th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $1,393,3312011Expenses 2012: $1,203,0982012Expenses 2013: $1,258,9322013Revenue 2014: $1,151,473Expenses 2014: $1,135,771Net Income 2014: $15,7022014Revenue 2015: $888,369Expenses 2015: $955,087Net Income 2015: -$66,7182015Revenue 2016: $1,100,207Expenses 2016: $1,059,022Net Income 2016: $41,1852016Revenue 2017: $923,866Expenses 2017: $998,431Net Income 2017: -$74,5652017Revenue 2018: $716,008Expenses 2018: $788,524Net Income 2018: -$72,5162018Revenue 2019: $628,861Expenses 2019: $751,333Net Income 2019: -$122,4722019Revenue 2020: $471,690Expenses 2020: $588,067Net Income 2020: -$116,3772020Revenue 2021: $446,418Expenses 2021: $370,964Net Income 2021: $75,4542021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022

Highlighted filing

2018

Revenue$716,008
Expenses$788,524
Net Income-$72,516
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.2
Gross Receipts
$716,008
Mission and Program Overview

Mission

Enterprise forums - informational & educational forums established to promote, support and advise innovative technology based companies, mainly in the start up phase, for mit alumni/ae and the general public.

Education via forums, satellite conferences and video presentations

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$597,112$578,495▼ $18,617
Cash and Non-Interest-Bearing Accounts$376,212$281,839▼ $94,373
Accounts Receivable-$80,500-
Pledges and Grants Receivable$39,953$0▼ $39,953
Savings and Temporary Cash Investments$146,434$5,683▼ $140,751
Land, Buildings, and Equipment, Net$6,879$5,035▼ $1,844
Prepaid Expenses and Deferred Charges$245$645▲ $400
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors-$0-
Total Assets$1,167,835$952,197▼ $215,638
Other Assets Total$1,000$0▼ $1,000
Liabilities
Deferred Revenue-$111,972-
Accounts Payable and Accrued Expenses$92,023$39,648▼ $52,375
Other Liabilities$80,822$8,914▼ $71,908
Total Liabilities$172,845$160,534▼ $12,311
Net Assets / Fund Balance
Unrestricted Net Assets$994,990$791,663▼ $203,327
Total Net Assets Fund Balance$994,990$791,663▼ $203,327
Total Liabilities and Net Assets / Fund Balance$1,167,835$952,197▼ $215,638

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,035$35,947-
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleOtherTotal
-Treasurer$139,738$139,738

Board Members and Trustees

NameTitle
-Chairman and President
-Chapter Chair - Atlanta
-Chapter Chair - Cambridge
-Chapter Chair - Central Coast
-Chapter Chair - Connecticut
-Chapter Chair - DC-Baltimore
-Chapter Chair - Northwest
-Chapter Chair - NYC
-Chapter Chair - San Diego
-Chapter Chair - South Florida
-Chapter Chair - Texas
-Former Chairman
-Past Chapter Chair - Cambridge
-Past Chapter Chair - Northwest
-Past Chapter Chair - NYC
-Past Chapter Chair - San Diego
-Past Chapter Chair - South Florida
-Former President
-Clerk
Revenue and Support

Revenue Composition

Contributions and Grants
$418,185
Program Service Revenue
$249,731
Investment Income
$47,092
Other Revenue
$1,000
All Other Contributions
$333,963
Change in Net Assets
$-72,516
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$554,838
Salaries, Compensation, and Employee Benefits$233,686
Total Fundraising Expense$48,278
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$210,281$559$15,449$226,289
Other Salaries and Wages$132,614$60,594$22,081$215,289
Fees for Services Other$55,398$40,009$7,181$102,588
Fees for Services Accounting-$51,031-$51,031
Payments to Affiliates-$50,000-$50,000
Advertising$15,460$11,166$2,004$28,630
Payroll Taxes$9,934$7,175$1,288$18,397
All Other Expenses$2,122$15,130$275$17,527
Occupancy-$15,536-$15,536
Information Technology-$11,788-$11,788
Office Expenses-$9,826-$9,826
Insurance-$5,115-$5,115
Travel-$2,464-$2,464
Depreciation Depletion-$1,344-$1,344
Other Expenses$5,741$687-$687
Total Functional Expenses$453,671$286,575$48,278$788,524
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
Insider Transactions and Loans

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$8,914
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6 Classes of members or stockholders

“Technology review, inc. Is the sole shareholder of each subordinate chapter.”

Form 990, Part VI, Line 8B Documentation of meetings held by committees of governing body

“No other committee has authority to act on behalf of the board of directors.”

Form 990, Part VI, Line 11B Review of form 990 by governing body

“The officers of the parent organization review and make modifications to form 990 as needed.”

Form 990, Part VI, Line 12C Conflict of interest policy

“Each chapter is provided with written operating procedures which are reviewed and agreed to in writing. All governing policies are established by and based on the policies and procedures of mit.”

Form 990, Part VI, Line 15A Process to establish compensation of top management official

“The determination of compensation for chapter employees are determined by each chapter.”

Form 990, Part VI, Line 15B Process to establish compensation of other employees

“The determination of compensation for chapter employees are determined by each chapter.”

Form 990, Part VI, Line 19 Required documents available to the public

“Upon request, information is provided based on the policies and procedures of mit for the dissemination of all information.”

Filing and Contact Details

Filer

Filer Name
MIT Enterprise Forum Inc Group Return
EIN
91-1836589
Phone
6174758013
Address
One Main Street 13th Floor, Cambridge, MA 02142

Signing Officer

Name
Enejda Xheblati
Title
Treasurer
Signed
2019-05-14

Organization Details

Formed
1986
Legal Domicile
Ma
Voting Board Members
18
Independent Board Members
15
Employees
3
Volunteers
210
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 2A

“THE CAMBRIDGE CHAPTER IS THE ONLY CHAPTER THAT HAS EMPLOYEES, 3 IN TOTAL. THE CAMBRIDGE CHAPTER HAS FILED ALL REQUIRED PAYROLL TAX RETURNS FOR THE WAGES PAID. ALL OF THE OTHER CHAPTERS RELY ON OUTSIDE VENDORS OR CONSULTANTS TO RUN THEIR PROGRAM EVENTS OR PROVIDE ADMINISTRATIVE SERVICES. THE COST ASSOCIATED WITH THESE OUTSIDE VENDORS AND CONSULTANTS IS LISTED ON LINE 11(g).”

Form 990, Part IX, Line 11G Other Fees

“OTHER FEES FOR SERVICES - Total Expense: 102588, Program Service Expense: 55398, Management and General Expenses: 40009, Fundraising Expenses: 7181;”

Raw XML AppendixShowing 400 of 675 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.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt19515055
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman and President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chapter Chair - DC-Baltimore
IRS990/Form990PartVIISectionAGrp/TitleTxt2Chapter Chair - Texas
IRS990/Form990PartVIISectionAGrp/TitleTxt3Chapter Chair - Central Coast
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chapter Chair - NYC
IRS990/Form990PartVIISectionAGrp/TitleTxt5Clerk
IRS990/Form990PartVIISectionAGrp/TitleTxt6Chapter Chair - South Florida
IRS990/Form990PartVIISectionAGrp/TitleTxt7Chapter Chair - Connecticut
IRS990/Form990PartVIISectionAGrp/TitleTxt8Chapter Chair - Northwest
IRS990/Form990PartVIISectionAGrp/TitleTxt9Chapter Chair - San Diego
IRS990/Form990PartVIISectionAGrp/TitleTxt10Chapter Chair - Atlanta
IRS990/Form990PartVIISectionAGrp/TitleTxt11Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt12Chapter Chair - Cambridge
IRS990/Form990PartVIISectionAGrp/TitleTxt13Past Chapter Chair - NYC
IRS990/Form990PartVIISectionAGrp/TitleTxt14Past Chapter Chair - South Florida
IRS990/Form990PartVIISectionAGrp/TitleTxt15Past Chapter Chair - Northwest
IRS990/Form990PartVIISectionAGrp/TitleTxt16Past Chapter Chair - San Diego
IRS990/Form990PartVIISectionAGrp/TitleTxt17Past Chapter Chair - Cambridge
IRS990/Form990PartVIISectionAGrp/TitleTxt18Former President
IRS990/Form990PartVIISectionAGrp/TitleTxt19Former Chairman
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IRS990/GrantsToOrganizationsInd0false
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IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InformationTechnologyGrp/TotalAmt011788
IRS990/InsuranceGrp/ManagementAndGeneralAmt05115
IRS990/InsuranceGrp/TotalAmt05115
IRS990/InvestmentIncomeGrp/ExclusionAmt047092
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt047092
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IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt0578495
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt035947
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06879
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05035
IRS990/LandBldgEquipCostOrOtherBssAmt040982
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt084222
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0ENTERPRISE FORUMS - INFORMATIONAL & EDUCATIONAL FORUMS ESTABLISHED TO PROMOTE, SUPPORT AND ADVISE INNOVATIVE TECHNOLOGY BASED COMPANIES, MAINLY IN THE START UP PHASE, FOR MIT ALUMNI/AE AND THE GENERAL PUBLIC.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt0791663
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt015536
IRS990/OccupancyGrp/TotalAmt015536
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09826
IRS990/OfficeExpensesGrp/TotalAmt09826
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0BANK FEES
IRS990/OtherExpensesGrp/Desc1CREDIT CARD FEES
IRS990/OtherExpensesGrp/Desc2MEALS AND ENTERTAINMENT
IRS990/OtherExpensesGrp/Desc3TAX AND LICENSE FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02716
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11435
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2687
IRS990/OtherExpensesGrp/ProgramServicesAmt010864
IRS990/OtherExpensesGrp/ProgramServicesAmt111257
IRS990/OtherExpensesGrp/ProgramServicesAmt25741
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IRS990/OtherExpensesGrp/TotalAmt111257
IRS990/OtherExpensesGrp/TotalAmt27176
IRS990/OtherExpensesGrp/TotalAmt3687
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IRS990/OtherRevenueTotalAmt01000
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt022081
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt060594
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0132614
IRS990/OtherSalariesAndWagesGrp/TotalAmt0215289
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IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt050000
IRS990/PaymentsToAffiliatesGrp/TotalAmt050000
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01288
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07175
IRS990/PayrollTaxesGrp/ProgramServicesAmt09934
IRS990/PayrollTaxesGrp/TotalAmt018397
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IRS990/PoliticalCampaignActyInd0false
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0645
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0ELIZABETH BRAMSON-BOUDREAU
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IRS990/PYContributionsGrantsAmt0521551
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IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt057972
IRS990/PYOtherExpensesAmt0808885
IRS990/PYOtherRevenueAmt01500
IRS990/PYProgramServiceRevenueAmt0342843
IRS990/PYRevenuesLessExpensesAmt0-74565
IRS990/PYSalariesCompEmpBnftPaidAmt0189546
IRS990/PYTotalExpensesAmt0998431
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0923866
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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-72516
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$952,197
Liabilities
$160,534
Net assets
$791,663
Revenue
$716,008
Expenses
$788,524
Net income
-$72,516
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.68$0.04$0.63$0.45$0.37$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.79$0.22$0.56$0.47$0.59$0.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.86$0.22$0.65$0.63$0.75$0.12
2018Detailed filing. Detailed filing data is available for this year.$0.95$0.16$0.79$0.72$0.79$0.07
2017Summary only. Only limited summary data is available for this year.$1.17$0.17$0.99$0.92$1.00$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.38$0.18$1.20$1.10$1.06$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.33$0.22$1.11$0.89$0.96$0.07
2014Summary only. Only limited summary data is available for this year.$1.51$0.20$1.31$1.15$1.14$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.60$0.36$1.24$1.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.52$0.24$1.28$1.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$0.26$1.33$1.39