Massachusetts High Technology Council Inc
- Assets
- $457.6k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 5
- Location
- Burlington, MA
- Founding
- 10/1977
- Data as of
- 10/2023
- EIN
- 04-2626050
Organization Overview
Massachusetts High Technology Council Inc is located in Burlington, MA. The organization was established in 1977. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 10/2023, Massachusetts High Technology Council Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts High Technology Council Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 10/2023, Massachusetts High Technology Council Inc generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $1.9m during the year ending 10/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MASSACHUSETTS HIGH TECHNOLOGY COUNCIL, INC. IS AN ORGANIZATION OF CEOS AND SENIOREXECUTIVES REPRESENTING TECHNOLOGY COMPANIES, PROFESSIONAL SERVICES FIRMS, ANDACADEMIC AND RESEARCH INSTITUTIONS WHO ARE DEDICATED TO CREATING AND SUSTAININGCONDITIONS THAT SUPPORT INVESTMENT, JOB GROWTH AND IMPROVED QUALITY OF LIFE INMASSACHUSETTS OUR MISSION IS TO HELP MAKE MASSACHUSETTS THE WORLDS MOST ATTRACTIVEPLACE IN WHICH TO LIVE AND WORK, AND IN WHICH TO CREATE, OPERATE AND GROW HIGHTECHNOLOGY BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 1977, THE MASSACHUSETTS HIGH TECHNOLOGY COUNCIL, INC. HAS DEVELOPED AN UNMATCHED RECORD OF SUCCESS BY UNIFYING CEO AND SENIOR EXECUTIVE DECISION MAKERS TO ADVANCE STRATEGIES THAT IMPACT THE MOST CRITICAL PUBLIC POLICY DECISIONS FACING THE COMMONWEALTH OF MASSACHUSETTS, ITS JOB CREATORS AND ITS CITIZENS. IN JUNE 2018, WE CELEBRATED ANOTHER NOTABLEAND HISTORICLEADERSHIP ACCOMPLISHMENT WHICH RANKS IN IMPORTANCE WITH SEVERAL PRIOR COUNCIL ACHIEVEMENTS, INCLUDING: ENABLING THE PASSAGE OF PROPOSITION 2 (1980); DRAFTING AND SECURING THE ENACTMENT OF THE STATES FIRST R&D TAX CREDIT (1992); SUCCESSFULLY LEADING A NEW ENGLAND-WIDE COLLABORATION TO SUPPORT THE INCREASINGLY TECHNOLOGY-ORIENTED MISSION AT HANSCOM AIR FORCE BASE AND THE US ARMY SOLDIER SYSTEMS CENTER IN NATICK DURING THE FEDERAL BASE REALIGNMENT AND CLOSURE REVIEW AT THE REQUEST OF SEN. KENNEDY AND GOV. ROMNEY (2005); AND ENGINEERING THE REPEAL OF THE LEGISLATURES EXPANSION OF THE STATE SALES TAX TO CUSTOM COMPUTER SERVICESTHE SO-CALLED TECH TAXIN 2013. ON JUNE 18, 2018 THE MASSACHUSETTS SUPREME JUDICIAL COURT (SJC) DECLARED THE PROPOSED AMENDMENT TO THE STATE CONSTITUTION TO ESTABLISH A PERMANENT $2 BILLION PER YEAR PERSONAL INCOME SURTAX INVALID AND UNCONSTITUTIONAL. OURS WAS THE FIRST CHALLENGE TO A PROPOSED CITIZENS INITIATIVE TO AMEND THE CONSTITUTION SINCE 1937.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher R Anderson President | OfficerTrustee | 50 | $837,903 |
William F Achtmeyer Director | Trustee | 1 | $0 |
Aron Ain Director | Trustee | 1 | $0 |
Gary Beach Director | Trustee | 1 | $0 |
Jason Robins Director | Trustee | 1 | $0 |
Corey Thomas Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $849,108 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $849,108 |
| Total Program Service Revenue | $490,000 |
| Investment income | $37 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $63,436 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,402,581 |
| 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. | $986,955 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $337,457 |
| Pension plan accruals and contributions | $47,980 |
| Other employee benefits | $22,866 |
| Payroll taxes | $53,007 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,637 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,500 |
| Advertising and promotion | $0 |
| Office expenses | $5,905 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $140,304 |
| Travel | $15,147 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,076 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,940 |
| Insurance | $5,501 |
| All other expenses | $38,578 |
| Total functional expenses | $1,869,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,096 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $94,700 |
| 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 | $36,521 |
| Net Land, buildings, and equipment | $30,774 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $212,492 |
| Total assets | $457,583 |
| Accounts payable and accrued expenses | $321,212 |
| Grants payable | $0 |
| Deferred revenue | $355,612 |
| 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 | $318,283 |
| Total liabilities | $995,107 |
| Net assets without donor restrictions | -$537,524 |
| Net assets with donor restrictions | $0 |
| 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 | $457,583 |