Civic Intelligence

Mit Enterprise Forum Inc Group Return

990 • Fiscal year 2020 • EIN 91-1836589

Jul 01, 2019 to Jun 30, 2020 • Filed on May 13, 2021

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

75th percentile

0.28x

Higher debt load relative to assets than 75% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

83rd percentile

0.47x

Higher debt load relative to revenue than 83% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

14th percentile

-25%

Higher net margin than 14% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

99th percentile

$425,282

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 90.2% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

13th percentile

-9.1%

Faster asset growth than 13% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

23rd percentile

-25%

Faster revenue growth than 23% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets75th percentile

Assets

Down

$786,167

Down $78,314 (-9.1%) from 2019

Net Assets

Down

$564,177

Down $83,029 (-13%) from 2019

Liabilities

Up

$221,990

Up $4,715 (+2.2%) from 2019

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin14th percentile

Revenue

Down

$471,690

Down $157,171 (-25%) from 2019

Expenses

Down

$588,067

Down $163,266 (-22%) from 2019

Net Income

Up

-$116,377

Up $6,095 (+5.0%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth13th 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

2020

Assets$786,167
Liabilities$221,990
Net Assets$564,177
Open 2020 Filing

Operations Trend

Revenue Growth23rd 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

2020

Revenue$471,690
Expenses$588,067
Net Income-$116,377
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 13, 2021
Return Version
2019v5.0
Gross Receipts
$471,690
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$518,143$447,094▼ $71,049
Cash and Non-Interest-Bearing Accounts$266,046$294,138▲ $28,092
Accounts Receivable$66,500$24,460▼ $42,040
Savings and Temporary Cash Investments$460$9,521▲ $9,061
Land, Buildings, and Equipment, Net$9,283$8,281▼ $1,002
Prepaid Expenses and Deferred Charges$4,049$2,673▼ $1,376
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$864,481$786,167▼ $78,314
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$102,230$100,602▼ $1,628
Deferred Revenue$105,769$75,928▼ $29,841
Other Liabilities$9,276$45,460▲ $36,184
Total Liabilities$217,275$221,990▲ $4,715
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$647,206$564,177▼ $83,029
Total Net Assets Fund Balance$647,206$564,177▼ $83,029
Total Liabilities and Net Assets / Fund Balance$864,481$786,167▼ $78,314

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,281$37,701-
Compensation and Service Providers
Top Officer Pay99th percentile

Board Members and Trustees

NameTitle
-Chair and President
-Chapter Chair - Atlanta
-Chapter Chair - Cambridge
-Chapter Chair - Central Coast
-Chapter Chair - Connecticut
-Chapter Chair - Northwest
-Chapter Chair - NYC
-Chapter Chair - San Diego
-Chapter Chair - South Florida
-Chapter Chair - Texas
-Chapter Chair - WA DC-Baltimore
-Immediate Prior Chapter Chair - Atlanta
-Immediate Prior Chapter Chair - Cambridge
-Immediate Prior Chapter Chair - South Florida
-Immediate Prior Chapter Chair - WA DC-Baltimore
-Past Chapter Chair - Northwest
-Past Chapter Chair - San Diego
-Former President
-Clerk (Incoming)
-Clerk (Outgoing)
-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$311,305
Program Service Revenue
$136,085
Investment Income
$24,300
Other Revenue
$0
All Other Contributions
$285,413
Change in Net Assets
$-116,377
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$373,239
Salaries, Compensation, and Employee Benefits$214,828
Total Fundraising Expense$31,421
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$107,506$71,670$19,908$199,084
Conferences and Meetings$115,265--$115,265
Fees for Services Other$40,935$27,290$7,581$75,806
Payments to Affiliates-$50,000-$50,000
Fees for Services Accounting-$48,719-$48,719
Advertising$12,436$8,291$2,303$23,030
Payroll Taxes$8,502$5,668$1,574$15,744
Occupancy-$13,170-$13,170
Information Technology-$12,986-$12,986
Interest-$5,870-$5,870
All Other Expenses$294$4,188$55$4,537
Other Expenses$2,414$1,894-$1,894
Office Expenses-$1,328-$1,328
Depreciation Depletion-$1,252-$1,252
Insurance-$776-$776
Total Functional Expenses$301,103$255,543$31,421$588,067
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$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$45,460
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
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 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.”

FORM 990, PART VI, LINE 2 Business Relationship

“For fiscal year 2020, the following current officer/director of the Enterprise Forum was employed by Technology Review, Inc., of which Enejda Xheblati and Elizabeth Bramson were also officers/directors: Antoinette Matthews.”

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
2021-05-13

Organization Details

Formed
1986
Legal Domicile
Ma
Voting Board Members
14
Independent Board Members
12
Employees
3
Volunteers
194
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 PART IX, LINE 11(g).”

Form 990, Part IX, Line 11G Other Fees

“OTHER FEES FOR SERVICES - Total Expense: 75806, Program Service Expense: 40935, Management and General Expenses: 27290, Fundraising Expenses: 7581;”

Raw XML AppendixShowing 400 of 711 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/BusinessName/BusinessNameLine1Txt14Matthew Falls
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt15Matthew Stotts
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IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt17Woerner Paul Meehan
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt6363975
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt7127023
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt23190584
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chapter Chair - Northwest
IRS990/Form990PartVIISectionAGrp/TitleTxt1Clerk (Outgoing)
IRS990/Form990PartVIISectionAGrp/TitleTxt2Immediate Prior Chapter Chair - Atlanta
IRS990/Form990PartVIISectionAGrp/TitleTxt3Chapter Chair - San Diego
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chapter Chair - WA DC-Baltimore
IRS990/Form990PartVIISectionAGrp/TitleTxt5Chapter Chair - Texas
IRS990/Form990PartVIISectionAGrp/TitleTxt6Chair and President
IRS990/Form990PartVIISectionAGrp/TitleTxt7Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt8Clerk (Incoming)
IRS990/Form990PartVIISectionAGrp/TitleTxt9Chapter Chair - Connecticut
IRS990/Form990PartVIISectionAGrp/TitleTxt10Immediate Prior Chapter Chair - South Florida
IRS990/Form990PartVIISectionAGrp/TitleTxt11Chapter Chair - NYC
IRS990/Form990PartVIISectionAGrp/TitleTxt12Chapter Chair - San Diego
IRS990/Form990PartVIISectionAGrp/TitleTxt13Chapter Chair - South Florida
IRS990/Form990PartVIISectionAGrp/TitleTxt14Immediate Prior Chapter Chair - WA DC-Baltimore
IRS990/Form990PartVIISectionAGrp/TitleTxt15Chapter Chair - Central Coast
IRS990/Form990PartVIISectionAGrp/TitleTxt16Immediate Prior Chapter Chair - Cambridge
IRS990/Form990PartVIISectionAGrp/TitleTxt17Chapter Chair - Northwest
IRS990/Form990PartVIISectionAGrp/TitleTxt18Past Chapter Chair - San Diego
IRS990/Form990PartVIISectionAGrp/TitleTxt19Past Chapter Chair - Northwest
IRS990/Form990PartVIISectionAGrp/TitleTxt20Chapter Chair - Atlanta
IRS990/Form990PartVIISectionAGrp/TitleTxt21Chapter Chair - Cambridge
IRS990/Form990PartVIISectionAGrp/TitleTxt22Chapter Chair - South Florida
IRS990/Form990PartVIISectionAGrp/TitleTxt23Former President
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01986
IRS990/FormerOfcrEmployeesListedInd0true
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt00
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0471690
IRS990/GroupExemptionNum09162
IRS990/GroupReturnForAffiliatesInd0true
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt012986
IRS990/InformationTechnologyGrp/TotalAmt012986
IRS990/InsuranceGrp/ManagementAndGeneralAmt0776
IRS990/InsuranceGrp/TotalAmt0776
IRS990/InterestGrp/ManagementAndGeneralAmt05870
IRS990/InterestGrp/TotalAmt05870
IRS990/InvestmentIncomeGrp/ExclusionAmt024300
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt024300
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0518143
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0447094
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt037701
IRS990/LandBldgEquipBasisNetGrp/BOYAmt09283
IRS990/LandBldgEquipBasisNetGrp/EOYAmt08281
IRS990/LandBldgEquipCostOrOtherBssAmt045982
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
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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.
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IRS990/OfficeExpensesGrp/TotalAmt01328
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IRS990/OtherExpensesGrp/Desc0BANK FEES
IRS990/OtherExpensesGrp/Desc1CREDIT CARD FEES
IRS990/OtherExpensesGrp/Desc2MEALS AND ENTERTAINMENT
IRS990/OtherExpensesGrp/Desc3PARKING
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1603
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21894
IRS990/OtherExpensesGrp/ProgramServicesAmt07350
IRS990/OtherExpensesGrp/ProgramServicesAmt16401
IRS990/OtherExpensesGrp/ProgramServicesAmt22414
IRS990/OtherExpensesGrp/TotalAmt09188
IRS990/OtherExpensesGrp/TotalAmt16401
IRS990/OtherExpensesGrp/TotalAmt23017
IRS990/OtherExpensesGrp/TotalAmt31894
IRS990/OtherLiabilitiesGrp/BOYAmt09276
IRS990/OtherLiabilitiesGrp/EOYAmt045460
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt019908
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt071670
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0107506
IRS990/OtherSalariesAndWagesGrp/TotalAmt0199084
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IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt050000
IRS990/PaymentsToAffiliatesGrp/TotalAmt050000
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01574
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05668
IRS990/PayrollTaxesGrp/ProgramServicesAmt08502
IRS990/PayrollTaxesGrp/TotalAmt015744

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$786,167
Liabilities
$221,990
Net assets
$564,177
Revenue
$471,690
Expenses
$588,067
Net income
-$116,377
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
2020Detailed filing. Detailed filing data is available for this year.$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
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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