Massachusetts Taxpayers Foundation Inc
- Assets
- $3.6m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 5
- Location
- Boston, MA
- Founding
- 08/1982
- Data as of
- 12/2021
- EIN
- 04-1590310
Organization Overview
Massachusetts Taxpayers Foundation Inc is located in Boston, MA. The organization was established in 1982. As of 12/2021, Massachusetts Taxpayers Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Taxpayers Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Massachusetts Taxpayers Foundation Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 2.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE KEY DECISION MAKERS WITH UNBIASED RESEARCH & CONSTRUCTIVE SOLUTIONS(SEE PART III)
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANALYSIS OF THE STATE BUDGET AND MASS HEALTH RELATED EMPLOYER HEALTHCARE ASSESSMENT REPORT AND ANALYSIS :PERFORMED RESEARCH AND ANALYSIS, RELEASED PUBLICATIONS AND WORKED FOR REFORM ON A WIDE RANGE OF ISSUES AFFECTING THE COMMONWEALTH OF MASSACHUSETTS INCLUDING HEALTH CARE, BUSINESS COSTS AND TRANSPORTATION FUNDING TO TAX COMPETITIVENESS, CAPITAL INVESTMENTS AND STATE AND LOCAL FINANCES.
ANNUAL TAX CONFERENCE WITH TAX PRACTITIONERS AND GOVERNMENT OFFICIALS TO DISCUSS MASSACHUSETTS STATE AND LOCAL TAXES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen P Mcanneny President & Secretary | OfficerTrustee | 50 | $437,749 |
Douglas R Howgate Executive Vice President | Officer | 50 | $196,847 |
Andrew Bagley Vice President For Policy | Officer | 50 | $192,968 |
Stephen Mosha Chair | OfficerTrustee | 1 | $0 |
Matthew D Schnall Treasurer | OfficerTrustee | 1 | $0 |
Kristen Lewis Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $965,734 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $423,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,388,734 |
| Total Program Service Revenue | $5,375 |
| Investment income | $36,264 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,720 |
| Net Gain/Loss on Asset Sales | $69,992 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,504,085 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $827,564 |
| Compensation of current officers, directors, key employees. | $292,681 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $137,920 |
| Pension plan accruals and contributions | $31,841 |
| Other employee benefits | $48,204 |
| Payroll taxes | $50,339 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $79,383 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,299 |
| Fees for services: Other | $15,558 |
| Advertising and promotion | $27,519 |
| Office expenses | $7,530 |
| Information technology | $12,435 |
| Royalties | $0 |
| Occupancy | $48,376 |
| Travel | $1,467 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,399 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,243 |
| Insurance | $16,750 |
| All other expenses | $0 |
| Total functional expenses | $1,418,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $404,980 |
| Savings and temporary cash investments | $551,670 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $170,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,948 |
| Net Land, buildings, and equipment | $309,774 |
| Investments—publicly traded securities | $1,850,848 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,472 |
| Other assets | $254,339 |
| Total assets | $3,568,031 |
| Accounts payable and accrued expenses | $55,524 |
| Grants payable | $0 |
| Deferred revenue | $310 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $55,834 |
| Net assets without donor restrictions | $2,927,297 |
| Net assets with donor restrictions | $584,900 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,568,031 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Massachusetts Taxpayers Foundation Inc has recieved totaling $191,545.
| Awarding Organization | Amount |
|---|---|
Eastern Bank Charitable Foundation Lynn, MA PURPOSE: EXEMPT PURPOSE | $100,000 |
Barr Foundation Boston, MA PURPOSE: SECTOR EFFECTIVENESS: TO PROVIDE GENERAL OPERATING SUPPORT | $75,000 |
Arbella Insurance Foundation Inc Boston, MA PURPOSE: UNRESTRICTED OPERATING FUNDS | $10,000 |
Rcb Charitable Foundation Inc Reading, MA PURPOSE: GENERAL SUPPORT | $5,000 |
Rollstone Charitable Foundation Inc Fitchburg, MA PURPOSE: EXEMPT PURPOSE | $1,545 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rea Energy Cooperative Inc Indiana, PA | $139,260,164 | $26,641,958 |
Healthix Inc New York, NY | $24,127,296 | $23,546,551 |
Peoples Credit Union Middletown, RI | $619,991,757 | $25,020,386 |
Androscoggin Valley Council Of Governments Auburn, ME | $8,796,339 | $19,647,189 |
Claverack Rural Electric Cooperative Inc Wysox, PA | $106,788,216 | $23,056,414 |
Tompkins Consolidated Area Transit Inc Ithaca, NY | $39,345,124 | $21,152,302 |
Northwestern Rural Electric Cooperative Association Inc Cambridge Springs, PA | $114,436,291 | $21,945,807 |
Valley Rural Electric Cooperative Inc Huntingdon, PA | $99,255,907 | $22,053,014 |
B Lab Company Berwyn, PA | $11,530,827 | $18,993,326 |
Bellwether Community Credit Union Manchester, NH | $557,690,894 | $21,955,180 |
Evergreen Credit Union Portland, ME | $464,620,792 | $18,374,213 |
Eastern Maine Electric Cooperative Inc Calais, ME | $49,482,318 | $16,418,871 |