Civic Intelligence

Cybertrust Massachusetts

EIN 92-1084175 • 501(c)3 • Waltham, MA

Pub. 78 Eligible990-N CoverageNTEE J22

Profile

The organization operates with a mission to enhance trust and security in cyberspace, emphasizing education, research, and community engagement. Cybertrust massachusetts, inc. Relies on a combination of grants, donations, and collaborative partnerships with industry leaders, governmental bodies, and philanthropic organizations.

303 Wyman Street 300Waltham, MA 02451

cybertrustmass.org

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$1,440,525

Up $930,649 (+183%) from 2023

Liabilities

Up

$270,229

Up $187,928 (+228%) from 2023

Net Assets

Up

$1,170,296

Up $742,721 (+174%) from 2023

Operations

Revenue

Up

$2,724,285

Up $1,637,809 (+151%) from 2023

Expenses

Up

$1,981,564

Up $1,436,721 (+264%) from 2023

Net Income

Up

$742,721

Up $201,088 (+37%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2023: $509,876Liabilities 2023: $82,301Net Assets 2023: $427,5752023Assets 2024: $1,440,525Liabilities 2024: $270,229Net Assets 2024: $1,170,2962024

Highlighted filing

2024

Assets$1,440,525
Liabilities$270,229
Net Assets$1,170,296

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0Revenue 2023: $1,086,476Expenses 2023: $544,843Net Income 2023: $541,6332023Revenue 2024: $2,724,285Expenses 2024: $1,981,564Net Income 2024: $742,7212024

Highlighted filing

2024

Revenue$2,724,285
Expenses$1,981,564
Net Income$742,721

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 6, 2025
Return Version
2023v6.0
Gross Receipts
$2,724,285
Mission and Program Overview

Mission

The organization operates with a mission to enhance trust and security in cyberspace, emphasizing education, research, and community engagement. Cybertrust massachusetts, inc. Relies on a combination of grants, donations, and collaborative partnerships with industry leaders, governmental bodies, and philanthropic organizations.

To enhance trust and security in cyberspace.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$770,582-
Savings and Temporary Cash Investments-$515,692-
Accounts Receivable$320,966$131,130▼ $189,836
Cash and Non-Interest-Bearing Accounts$96,566--
Prepaid Expenses and Deferred Charges$92,344$23,121▼ $69,223
Total Assets$509,876$1,440,525▲ $930,649
Liabilities
Accounts Payable and Accrued Expenses$82,301$225,552▲ $143,251
Deferred Revenue-$44,677-
Total Liabilities$82,301$270,229▲ $187,928
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$429,565$782,834▲ $353,269
Net Assets With Donor Restrictions$-1,990$387,462▲ $389,452
Total Net Assets Fund Balance$427,575$1,170,296▲ $742,721
Total Liabilities and Net Assets / Fund Balance$509,876$1,440,525▲ $930,649
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Peter SherlockCEO, President & SecretaryFT$288,000$288,000
Meghan MartinezDirector of Cyber Range ProgramsFT$112,846$112,846

Board Members and Trustees

NameTitle
Jay AshChair
Corey ThomasDirector
Dana Mohler-fariaDirector
Emma CarpenterDirector
Geoff BeckwithDirector
Sam CurryDirector
Linda DunlavyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Cyberbit INCSubscription Education License/environme71 COMMERCIAL STREET STE 267, Boston, MA 02109$375,500
Evee Consulting LLCStrategy & Development36 CONCETTA SASS DR, Randolph, MA 02368$117,538
Genesis Global Workforce SolutionsPersonnel Support3000 SW 148 STE 116, Miramar, FL 33027$112,519
Revenue and Support

Revenue Composition

Contributions and Grants
$2,296,400
Program Service Revenue
$423,453
Investment Income
$4,432
Other Revenue
$0
All Other Contributions
$2,296,400
Change in Net Assets
$742,721

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,724,285
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,724,285
Total Revenue per Form 990
$2,724,285
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,389,959
Salaries, Compensation, and Employee Benefits$591,605
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$574,952$258,796-$833,748
Information Technology$325,220$2,079-$327,299
Current Officers, Directors, Trustees, and Key Employees$209,354$89,723-$299,077
Other Salaries and Wages$225,522$30,679-$256,201
Fees for Services Accounting-$113,810-$113,810
Fees for Services Legal-$71,527-$71,527
Payroll Taxes$28,450$7,877-$36,327
Travel$11,228$6,440-$17,668
Insurance$1,458$13,232-$14,690
Office Expenses$1,031$7,779-$8,810
Other Expenses-$2,407-$2,407
Total Functional Expenses$1,377,215$604,349$0$1,981,564

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,981,564
Total Expenses per Audited Statements$1,981,564
Total Expenses per Form 990$1,981,564
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
Yes
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, Part VI, Section A, Line 1A

The board may elect from its number an executive committee, which shall have full power to act in lieu of the full board between regular meetings of the board. All actions taken by the executive committee shall be reported to and ratified or rescinded by the full board at its next meeting.

Form 990, Part VI, Section B, Line 11B

The form 990 will be reviewed by the president & ceo prior to being presented to the finance committee and board of directors.

Form 990, Part VI, Section B, Line 15A

The ceo salary was set upon initial hiring in october 2022, and has not changed since. At that time, the board chair surveyed salaries for other relevant/comparable roles, took input from board members and developed a salary recommendation, which was approved by the full board. Future salary decisions will be approved by the full board based on a recommendation of the governance committee. This process last took place in 2022.

Form 990, Part VI, Section C, Line 19

The organization makes its form 990, massachusetts form pc, articles of incorporation, and annual report available upon request.

Filing and Contact Details

Filer

Filer Name
Cybertrust Massachusetts Inc
EIN
92-1084175
Phone
5084436860
Address
303 WYMAN STREET 300, WALTHAM, MA 02451

Signing Officer

Name
Peter Sherlock
Title
President
Phone
5084436860
Signed
2025-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Sherlock
Formed
2022
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
7
Employees
3
Volunteers
7

Preparer

Firm
Cliftonlarsonallen Llp
Address
4 BATTERYMARCH PARK SUITE 100, QUINCY, MA 02169
Preparer
Danielle Nihill
Phone
7819821001
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other professional fees: program service expenses 227,267. Management and general expenses 0. Fundraising expenses 0. Total expenses 227,267. Consulting: program service expenses 91,571. Management and general expenses 49,237. Fundraising expenses 0. Total expenses 140,808. Genesis interns: program service expenses 61,459. Management and general expenses 50,288. Fundraising expenses 0. Total expenses 111,747. Genesis eor: program service expenses 194,655. Management and general expenses 159,271. Fundraising expenses 0. Total expenses 353,926.

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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/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01086476
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0332574
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0541633
IRS990/PYSalariesCompEmpBnftPaidAmt0212269
IRS990/PYTotalExpensesAmt0544843
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01086476
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0742721
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0423453
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0515692
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0PUBLIC SUPPORT IS MEASURED USING A 5-YEAR COMPUTATION PERIOD THAT INCLUDES THE CURRENT YEAR AND FOUR PRIOR YEARS (INCLUDING SHORT YEARS). THE ORGANIZATION'S PRIOR YEAR WAS A SHORT YEAR AS THE ORGANIZATION RECEIVED ITS 501C3 STATUS IN JANUARY OF 2023 AND IS FILING FOR THE FISCAL YEAR ENDING JUNE 30, 2024.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PUBLIC SUPPORT TEST - SHORT FORM INFORMATION
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02296400
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01086476
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03382876
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0423453
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt067658
IRS990ScheduleA/SubstantialContributorsTotAmt03315218
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02296400
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01086476
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03382876
IRS990ScheduleA/TotalSupportAmt03382876
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/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01981564
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02724285
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01981564
IRS990ScheduleD/TotalRevenuePerForm990Amt02724285
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02724285
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01981564
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0288000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PETER SHERLOCK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO, PRESIDENT & SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0288000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD MAY ELECT FROM ITS NUMBER AN EXECUTIVE COMMITTEE, WHICH SHALL HAVE FULL POWER TO ACT IN LIEU OF THE FULL BOARD BETWEEN REGULAR MEETINGS OF THE BOARD. ALL ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE SHALL BE REPORTED TO AND RATIFIED OR RESCINDED BY THE FULL BOARD AT ITS NEXT MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WILL BE REVIEWED BY THE PRESIDENT & CEO PRIOR TO BEING PRESENTED TO THE FINANCE COMMITTEE AND BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CEO SALARY WAS SET UPON INITIAL HIRING IN OCTOBER 2022, AND HAS NOT CHANGED SINCE. AT THAT TIME, THE BOARD CHAIR SURVEYED SALARIES FOR OTHER RELEVANT/COMPARABLE ROLES, TOOK INPUT FROM BOARD MEMBERS AND DEVELOPED A SALARY RECOMMENDATION, WHICH WAS APPROVED BY THE FULL BOARD. FUTURE SALARY DECISIONS WILL BE APPROVED BY THE FULL BOARD BASED ON A RECOMMENDATION OF THE GOVERNANCE COMMITTEE. THIS PROCESS LAST TOOK PLACE IN 2022.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS FORM 990, MASSACHUSETTS FORM PC, ARTICLES OF INCORPORATION, AND ANNUAL REPORT AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 227,267. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 227,267. CONSULTING: PROGRAM SERVICE EXPENSES 91,571. MANAGEMENT AND GENERAL EXPENSES 49,237. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 140,808. GENESIS INTERNS: PROGRAM SERVICE EXPENSES 61,459. MANAGEMENT AND GENERAL EXPENSES 50,288. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 111,747. GENESIS EOR: PROGRAM SERVICE EXPENSES 194,655. MANAGEMENT AND GENERAL EXPENSES 159,271. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 353,926.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 1A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0509876
IRS990/TotalAssetsEOYAmt01440525
IRS990/TotalAssetsGrp/BOYAmt0509876
IRS990/TotalAssetsGrp/EOYAmt01440525
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt02296400
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0604349
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01377215
IRS990/TotalFunctionalExpensesGrp/TotalAmt01981564
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt082301
IRS990/TotalLiabilitiesEOYAmt0270229
IRS990/TotalLiabilitiesGrp/BOYAmt082301
IRS990/TotalLiabilitiesGrp/EOYAmt0270229
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0427575
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01170296
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01377215
IRS990/TotalProgramServiceRevenueAmt0423453
IRS990/TotalReportableCompFromOrgAmt0400846
IRS990/TotalRevenueGrp/ExclusionAmt04432
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0423453
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02724285
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0509876
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01440525
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt06440
IRS990/TravelGrp/ProgramServicesAmt011228
IRS990/TravelGrp/TotalAmt017668
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0303 WYMAN STREET 300
IRS990/USAddress/CityNm0WALTHAM

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