Massachusetts Technology Leadership Council Inc

Organization Overview

Massachusetts Technology Leadership Council Inc is located in Lexington, MA. The organization was established in 1986. According to its NTEE Classification (W70) the organization is classified as: Leadership Development, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Massachusetts Technology Leadership Council Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Technology Leadership 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 12/2021, Massachusetts Technology Leadership Council Inc generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ACCELERATE INNOVATION, GROWTH, AND THE DEVELOPMENT OF AN INCLUSIVE TECH ECOSYSTEM IN MASSACHUSETTS. WE DO THIS BY CONNECTING PEOPLE FROM ACCROSS THE TECHNOLOGY LANSCAPE, PROVIDING ACCESS TO INDUSTRY-LEADING CONTENT AND IDEAS, AND OFFERING A PLATFORM FOR MEMBERS TO ADVANCE THEIR COLLECTIVE INTERESTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO FOSTER ENTREPRENEURSHIP AND PROMOTE THE SUCCESS OF COMPANIES THAT DEVELOP AND DEPLOY TECHNOLOGY ACROSS INDUSTRY SECTORS.WE ACCOMPLISH OUR MISSION BY:CONDUCTING EDUCATIONAL PROGRAMS AND HOSTING SIGNATURE EVENTS.FACILITATING NETWORKING BETWEEN INDUSTRY EXECUTIVES AND POTENTIAL PARTNERS, INVESTORS, AND CUSTOMERS.SPONSORING RESEARCH ON THE INDUSTRY.ENGAGING IN ACTIVITIES TO ENHANCE THE QUALITY AND QUANTITY OF THE NEXT GENERATION OF TECHNOLOGY PROFESSIONALS.


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Board, Officers & Key Employees

Name (title)Compensation
Thomas E Hopcraft
President & CEO
$170,000
Kathryn Mcleod
Vice President
$132,000
Sara Fraim
Vice President, Programs & Policy
$100,000
Kristen Keane
Member Development
$70,191
Yogesh Gupta
Executive Committee & Co-C
$0
Jim Heppelmann
Director And Clerk
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$950,135
Fundraising events$0
Related organizations$0
Government grants $10,000
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$960,135
Total Program Service Revenue$672,753
Investment income $47
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,632,935

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Massachusetts Technology Leadership Council Inc has recieved totaling $15,000.

Awarding OrganizationAmount
Akamai Foundation Inc

Cambridge, MA

PURPOSE: TECHNOVATION CHALLENGE, A FLAGSHIP PROGRAM OF NON-PROFIT IRIDESCENT, AND THE AFFILIATED MASSTLC ED FOUNDATION INDUSTRY-LED WORKSHOPS

$15,000
View Grant Recipient Profile

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