Tie-Boston Foundation Inc
- Assets
- $427.1k
- Revenue
- $155.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Cambridge, MA
- Founding
- 08/2019
- Data as of
- 12/2021
- EIN
- 83-2946128
Organization Overview
Tie-Boston Foundation Inc is located in Cambridge, MA. The organization was established in 2019. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tie-Boston Foundation 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, Tie-Boston Foundation Inc generated $155.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 66.9% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE, SUPPORT AND NURTUE ENTREPRENEUSHIP AMOUNG YOUNG PROFESSIONALS BY PROVIDING EDUCATIONAL, MENTORING, AND OTHER ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TIE BOSTON FOUNDATION CREATES A NEW LEARNING ENVIRONMENT WHERE HIGH SCHOOL AGED PARTICIPANTS CAN EXPERIMENT, BUILD RESILIENCE AND COLLABORATE TO CREATE MORE PRODUCTIVE AND SUCCESSFUL PATHWAYS TO THEIR PERSONAL AND PROFESSIONAL GOALS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Quigley Mellor Executive Director | Officer | 40 | $60,250 |
Nilanjana Bhowmik President | Officer | 3 | $0 |
Asha Dixit Treasurer | Officer | 1 | $0 |
Emily Ladd-Kravitz Secretary | Officer | 1 | $0 |
Lora Kratchounova Director | Trustee | 1 | $0 |
Megha Desai Director | Trustee | 1 | $0 |
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 | $15,234 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,234 |
| Total Program Service Revenue | $139,768 |
| Investment income | $0 |
| 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 | $155,002 |
| 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. | $60,250 |
| Compensation of current officers, directors, key employees. | $12,050 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,950 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $2,052 |
| All other expenses | $40,663 |
| Total functional expenses | $156,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $426,133 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $460 |
| Total assets | $427,093 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $51,612 |
| 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 | $13,400 |
| Other liabilities | $1,611 |
| Total liabilities | $66,623 |
| Net assets without donor restrictions | $360,470 |
| 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 | $427,093 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tie-Boston Foundation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Goyal Family Charitable Foundation Inc Natick, MA PURPOSE: EDUCATIONAL | $5,000 |
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|---|---|---|
Interactive Advertising Bureau Inc New York, NY | $33,308,334 | $28,026,352 |
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New York City Industrial Technology Assistance Corporation New York, NY | $2,890,075 | $3,091,612 |
Metro Iaf Inc Jamaica, NY | $14,740,906 | $11,706,994 |
Long Island Builders Institute Inc Islandia, NY | $791,681 | $1,652,443 |
Callahan Management Training Center Inc Syracuse, NY | $786,025 | $1,731,889 |
Builders Exchange Inc Rochester, NY | $3,756,209 | $1,721,485 |
Vision Ed Inc Brooklyn, NY | $327,242 | $1,213,822 |
Empire State Supervisors & Administrators Association Lincolndale, NY | $610,477 | $805,943 |
International Caterers Association Educational Foundation Staten Island, NY | $957,406 | $726,001 |
Vermont Fuel Dealers Association Berlin, VT | $796,983 | $550,367 |