Mit Sloan Boston Alumni Association Inc is located in Boston, MA. The organization was established in 2002. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. As of 06/2021, Mit Sloan Boston Alumni Association Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mit Sloan Boston Alumni Association 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 06/2021, Mit Sloan Boston Alumni Association Inc generated $424.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $347.9k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (13.2%) per year over the past 6 years. 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
THE MIT SLOAN BOSTON ALUMNI ASSOCIATION'S MISSION IS TO BUILD AN EXTENSIVE AND VIBRANT MIT SLOAN ALUMNI COMMUNITY ACROSS NEW ENGLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY AND CONTINUING EDUCATION PROGRAMS, EVENTS AND ACTIVITIES.
COMMUNITY AND CONTINUING EDUCATION PROGRAMS, EVENTS AND ACTIVITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jeffrey Uller President | OfficerTrustee | 5 | $0 |
Christopher Reichert Treasurer | OfficerTrustee | 5 | $0 |
Raymond Chang Assistant Treasurer | OfficerTrustee | 5 | $0 |
David Harelick Clerk | OfficerTrustee | 5 | $0 |
Nicholas Holda Vice President | OfficerTrustee | 5 | $0 |
Kara Kelley Assistant Vice President | OfficerTrustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $79,589 |
All other contributions, gifts, grants, and similar amounts not included above | $253,643 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $333,232 |
Total Program Service Revenue | $88,774 |
Investment income | $1,945 |
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 | $423,951 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $146,266 |
Pension plan accruals and contributions | $3,469 |
Other employee benefits | $13,393 |
Payroll taxes | $12,697 |
Fees for services: Management | $0 |
Fees for services: Legal | $9,060 |
Fees for services: Accounting | $24,051 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $7,420 |
Advertising and promotion | $0 |
Office expenses | $20,336 |
Information technology | $21,326 |
Royalties | $0 |
Occupancy | $0 |
Travel | $870 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $87,646 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $1,339 |
All other expenses | $0 |
Total functional expenses | $347,873 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $333,803 |
Savings and temporary cash investments | $102,285 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $55,057 |
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 | $432 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $178,643 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $670,220 |
Accounts payable and accrued expenses | $23,697 |
Grants payable | $0 |
Deferred revenue | $5,918 |
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 | $75,000 |
Total liabilities | $104,615 |
Net assets without donor restrictions | $470,605 |
Net assets with donor restrictions | $95,000 |
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 | $670,220 |
Over the last fiscal year, we have identified 4 grants that Mit Sloan Boston Alumni Association Inc has recieved totaling $2,750.
Awarding Organization | Amount |
---|---|
Lee & Louis Kuhn Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $2,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $250 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $250 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $250 |