Massrobotics Inc
- Assets
- $5.5m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 8
- Location
- Boston, MA
- Founding
- 03/2016
- Data as of
- 12/2021
- EIN
- 47-1919574
Organization Overview
Massrobotics Inc is located in Boston, MA. The organization was established in 2016. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 12/2021, Massrobotics Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massrobotics 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 12/2021, Massrobotics Inc generated $3.0m in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ORGANIZATION IS TO HELP CREATE AND SCALE THE NEXT GENERATION OF SUCCESSFUL ROBOTICS AND CONNECTED DEVICE COMPANIES BY PROVIDING ENTREPRENEURS AND INNOVATIVE ROBOTICS/AUTOMATION STARTUPS WITH THE WORKSPACE AND RESOURCES THEY NEED TO DEVELOP, PROTOTYPE, TEST AND COMMERCIALIZE THEIR PRODUCTS AND SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS AN INDEPENDENT, NON-PROFIT ORGANIZATION SERVING AS THE INNOVATION HUB FOR ROBOTICS AND CONNECTED DEVICES. THROUGH OUR PROGRAMMING AND EVENTS, WE HELP BRING TOGETHER INNOVATIVE STARTUPS AND EXISTING TECHNOLOGY ORGANIZATIONS TO NURTURE THE NEXT GENERATION OF TALENT, AND PROMOTE ECONOMIC GROWTH AND INNOVATION. BY WORKING WITH DIVERSE LOCAL TALENT, WE ARE HELPING TO BRING ABOUT THE NEXT GLOBAL EVOLUTION OF ROBOTICS. THE ORGANIZATION PROMOTES THE DEVELOPMENT OF COMMON-NEED TECHNOLOGY SERVICES, SUCH AS SOFTWARE AND STANDARDS SUPPORT FOR THE ROBOTICS COMMUNITY, FOSTER A COLLABORATIVE ECOSYSTEM FOR ACADEMIC, PRIVATE, AND PUBLIC KEY STAKEHOLDERS THAT ALLOWS THOUGHT-SHARING AND CREATIVE EXCHANGE, AND INSPIRE THE NEXT GENERATION OF INNOVATORS AND BUILDERS THROUGH IN-HOUSE HANDS-ON STEM COLLABORATION AND INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Ryden Executive Di | OfficerTrustee | 40 | $200,000 |
Fady M Saad Director, Ro | 40 | $167,850 | |
Joyce Sidopoulos Vp, Programs | 40 | $132,000 | |
Timothy Rowe Director | OfficerTrustee | 1 | $0 |
Daniel Theobald Director | OfficerTrustee | 1 | $0 |
Colin Angle Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $473,470 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,770,319 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,243,789 |
| Total Program Service Revenue | $707,960 |
| Investment income | $613 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $16,514 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,970,436 |
| 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. | $200,000 |
| Compensation of current officers, directors, key employees. | $100,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $497,267 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,444 |
| Payroll taxes | $67,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $334 |
| Fees for services: Accounting | $14,281 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,065 |
| Office expenses | $48,080 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $711,905 |
| Travel | $4,877 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,476 |
| Interest | $23,877 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $345,298 |
| Insurance | $12,712 |
| All other expenses | $24,199 |
| Total functional expenses | $2,175,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,484 |
| Savings and temporary cash investments | $751,444 |
| Pledges and grants receivable | $515,241 |
| Accounts receivable, net | $0 |
| 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 | $10,632 |
| Net Land, buildings, and equipment | $4,048,643 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $75,571 |
| Total assets | $5,521,015 |
| Accounts payable and accrued expenses | $246,404 |
| Grants payable | $0 |
| Deferred revenue | $50,000 |
| 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 | $531,004 |
| Total liabilities | $827,408 |
| Net assets without donor restrictions | $4,686,381 |
| Net assets with donor restrictions | $7,226 |
| 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 | $5,521,015 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Massrobotics Inc has recieved totaling $55,034.
| Awarding Organization | Amount |
|---|---|
Dassault Systemes Foundation Waltham, MA PURPOSE: JUMPSTART FELLOWSHIP PROGRAM | $55,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $34 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Morrisville Auxiliary Of State Univ College Of Agricult & Technology Morrisville, NY | $25,329,251 | $17,429,247 |
Faculty Student Association State University College At Fredonia Inc Fredonia, NY | $20,429,854 | $14,962,919 |
The Jain Family Institute New York, NY | $1,266,575 | $5,283,522 |
Brockport Auxilary Service Corporation Brockport, NY | $15,024,153 | $10,683,968 |
Albert Einstein College Of Medicine Staff Housing Company Inc Bronx, NY | $37,908,103 | $6,828,997 |
The Possible Project Inc Boston, MA | $20,628,656 | $12,891,174 |
Bernard M Baruch College Auxiliary Enterprises Corporation New York, NY | $2,835,381 | $7,073,623 |
The Boston Education Development Foundation Inc Roxbury, MA | $14,159,042 | $7,338,660 |
Kimi Nichols Center Plaistow, NH | $2,742,152 | $7,599,619 |
University At Buffalo Student Association Inc Buffalo, NY | $6,243,803 | $4,544,119 |
Handz-On Inc Hartford, CT | $1,667,828 | $5,148,389 |
Empirical Resolution Inc New York, NY | $7,350,506 | $4,345,659 |