The Massachusetts Institute For A New Commonwealth Inc
- Assets
- $2.9m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 21
- Location
- Boston, MA
- Founding
- 08/1995
- Data as of
- 12/2023
- EIN
- 04-3271457
Organization Overview
The Massachusetts Institute For A New Commonwealth Inc, operating under the name Massinc, is located in Boston, MA. The organization was established in 1995. According to its NTEE Classification (I05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2023, Massinc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massinc 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 12/2023, Massinc generated $3.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $2.4m during the year ending 12/2023. While expenses have increased by 5.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED IN 1996, MASSINC'S MISSION IS TO PROVIDE THE PEOPLE OF MASSACHUSETTS WITH THE INFORMATION THEY NEED TO PARTICIPATE FULLY IN OUR DEMOCRACY. WE ARE A NONPARTISAN, 501C3 AND ACHIEVE IMPACT THROUGH INDEPENDENT RESEARCH, NONPROFIT JOURNALISM AND CIVIC ENGAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMONWEALTH BEACON PROVIDES ITS READERS WITH NON-PARTISAN JOURNALISM COVERING POLITICS, POLICY AND CIVIC LIFE IN MASSACHUSETTS. WE PRODUCE A DAILY NEWSLETTER THAT CONTAINS ORIGINAL REPORTING ON A WIDE RANGE OF ISSUES, INCLUDING HEALTH, HOUSING, TRANSPORTATION, EDUCATION, ENERGY, CRIMINAL JUSTICE, ECONOMIC DEVELOPMENT AND POLITICS. WE ALSO PUBLISH OVER 400 OPINION PIECES PRODUCED BY CIVIC LEADERS IN THE COMMUNITY WHO SHARE THEIR IDEAS WITH THE PUBLIC. COMMONWEALTH BEACON ALSO PRODUCES A WEEKLY PODCAST, CALLED THE CODCAST, THAT FEATURES INTERVIEWS WITH LEADING FIGURES IN GOVERNMENT, BUSINESS AND CIVIC LIFE.
THE MASSINC POLICY CENTER ADVANCES MASSINC'S MISSION THROUGH RESEARCH, CONVENING AND COLLABORATION. IN 2023, WE PUBLISHED MORE THAN 10 RESEARCH PAPERS ON A RANGE OF TOPICS FROM WORKFORCE DEVELOPMENT TO EDUCATION TO TRANSPORTATION. THESE RESEARCH PAPERS WERE DEVELOPED IN COLLABORATION WITH COMMUNITY LEADERS AND EXPERTS WHO HELP TO SHAPE OUR RESEARCH QUESTIONS AND UNDERSTAND THE DATA AND FINDINGS. WE SHARE OUR RESEARCH THROUGH PUBLIC EVENTS, EMAILS AND MEETINGS WITH INTERESTED PARTIES. THE POLICY CENTER ALSO HOSTS THE GATEWAY CITIES INNOVATION INSTITUTE WHICH WORKS TO UNLOCK THE ECONOMIC POTENTIAL OF SMALL TO MID-SIZE REGIONAL CITIES. THE INSTITUTE LEVERAGES MASSINC'S RESEARCH, POLLING, AND POLICY TEAM TO STRENGTHEN CONNECTIONS AMONG GATEWAY CITY LEADERS AND ADVANCE A SHARED POLICY AGENDA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Kriesberg Chief Executive Officer | Officer | 40 | $198,167 |
Maeve Duggan Chief Operating Officer | Officer | 40 | $157,500 |
Bruce Mohl Editor | 40 | $136,162 | |
Benjamin Forman Research Director | 40 | $132,130 | |
Michael Jonas Executive Editor | 40 | $111,465 | |
Eileen O'connor Chair (as Of June 2023) | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charles Kravetz Magazine Fundraising Consultant | 12/30/21 | $144,000 |
Andre Leroux Gateway Hubs Consulting | 12/30/21 | $109,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,456,422 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,456,422 |
| Total Program Service Revenue | $412,986 |
| Investment income | $121,870 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,980 |
| 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 | $3,170,159 |
| 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. | $382,617 |
| Compensation of current officers, directors, key employees. | $39,423 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $761,919 |
| Pension plan accruals and contributions | $25,179 |
| Other employee benefits | $51,871 |
| Payroll taxes | $85,018 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,850 |
| Fees for services: Accounting | $137,264 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $513,768 |
| Advertising and promotion | $1,099 |
| Office expenses | $111,867 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $223,651 |
| Travel | $6,030 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,584 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,559 |
| Insurance | $4,040 |
| All other expenses | $0 |
| Total functional expenses | $2,352,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,564,385 |
| Savings and temporary cash investments | $50,786 |
| Pledges and grants receivable | $268,801 |
| Accounts receivable, net | $37,332 |
| 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 | $22,828 |
| Net Land, buildings, and equipment | $36,713 |
| Investments—publicly traded securities | $183,460 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $777,502 |
| Other assets | $0 |
| Total assets | $2,941,807 |
| Accounts payable and accrued expenses | $66,064 |
| Grants payable | $0 |
| Deferred revenue | $76,167 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $183,807 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $983,724 |
| Total liabilities | $1,309,762 |
| Net assets without donor restrictions | -$52,058 |
| Net assets with donor restrictions | $1,684,103 |
| 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 | $2,941,807 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John F Finn Institute For Public Safety Inc Albany, NY | $874,484 | $3,715,092 |
The Massachusetts Institute For A New Commonwealth Inc Boston, MA | $2,941,807 | $3,170,159 |
National Center For Access To Justice Inc New York, NY | $520,617 | $392,073 |
Crime Research Group Inc Montpelier, VT | $455,311 | $386,102 |
Justice Rapid Response Usa New York, NY | $57,368 | $294,622 |
Internetbar Org Institute Inc Newton, MA | $3,902 | $0 |
Aquidneck Island Police Parade Committee Inc Newport, RI | $22,390 | $0 |
Criminal Justice Policy Coalition Inc Boston, MA | $7,657 | $0 |
Internetbar Org Inc Newton, MA | $5,197 | $0 |
Ad Hoc Committee In Defense Of Life Inc New York, NY | $53,823 | $0 |
American Russian Law Institute Inc New York, NY | $0 | $0 |