Tie-Atlantic Inc
- Assets
- $981.1k
- Revenue
- $579.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Cambridge, MA
- Founding
- 06/1997
- Data as of
- 12/2021
- EIN
- 04-3352691
Organization Overview
Tie-Atlantic Inc is located in Cambridge, MA. The organization was established in 1997. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Tie-Atlantic Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tie-Atlantic 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, Tie-Atlantic Inc generated $579.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $376.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 7 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
TIE-BOSTON, INC. WAS FORMED IN 1997 WITH ITS CORE MISSION TO FOSTER, ENCOURAGE AND SUPPORT ENTREPRENEURSHIP IN THE NEW ENGLAND REGION. THROUGH 8 VIBRANT PROGRAMS ON EDUCATION, MENTORING AND NETWORKING, TIE-BOSTON DELIVERS ON CREATING ENTREPRENEURS THAT WILL ADD VALUE TO SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITIES THAT SUPPORT TIE-BOSTON'S VISION TO SUPPORT ENTREPRENEURS THROUGH THEIR LIFECYCLE - FROM IDEATION TO CREATION, THROUGH GROWTH, WEALTH CREATION AND ULTIMATELY, SUPPORT OF CURRENT AND FUTURE FOUNDERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Simone C Lapray Former Ed | Officer | 40 | $55,846 |
Rowena K Mascarenhas Executive Di | Officer | 40 | $12,981 |
Thomas Arul Director | OfficerTrustee | 1 | $0 |
Anu Chitrapu President | OfficerTrustee | 1 | $0 |
Emily Ladd-Kravitz Secretary | OfficerTrustee | 1 | $0 |
Rakesh Kamdar Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $227,004 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,328 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $299,932 |
| Total Program Service Revenue | $279,916 |
| Investment income | $1,468 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,723 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $579,593 |
| 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. | $68,827 |
| Compensation of current officers, directors, key employees. | $26,140 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,762 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,385 |
| Payroll taxes | $11,246 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,788 |
| Advertising and promotion | $1,874 |
| Office expenses | $11,866 |
| Information technology | $245 |
| Royalties | $0 |
| Occupancy | $3,220 |
| Travel | $3,819 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,281 |
| Insurance | $3,328 |
| All other expenses | $0 |
| Total functional expenses | $376,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $687,403 |
| Savings and temporary cash investments | $220,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $71,828 |
| 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 | $477 |
| Net Land, buildings, and equipment | $955 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $460 |
| Total assets | $981,123 |
| Accounts payable and accrued expenses | $52,453 |
| Grants payable | $0 |
| Deferred revenue | $133,063 |
| 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 | $185,516 |
| Net assets without donor restrictions | $795,607 |
| 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 | $981,123 |
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