Maasha Trust
- Assets
- $0.0
- Revenue
- $271.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Hopkinton, MA
- Founding
- Data as of
- 12/2022
- EIN
- 85-0918123
Organization Overview
Maasha Trust is located in Hopkinton, MA. According to its NTEE Classification (E70) the organization is classified as: Public Health, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maasha Trust 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 12/2022, Maasha Trust generated $271.2k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $244.8k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CONDUCT OR SUPPORT ENDEAVORS THAT PROMOTE AFFORDABLE EVIDENCE-BASED HEALTH CARE TO PATIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OCCUPANCY EXPENSE IS REQUIRED, SO THAT THE TRUST MAY HAVE A SAFE AND CLEAN ENVIRONMENT TO BE ABLE TO PROVIDE THE PATIENTS. FACILITIES & EQUIPMENT PROVIDE THE TRUST WITH THE NECESSARY ITEMS TO CONDUCT THEIR FIELD OF WORK. EQUIPMENT MAINTENANCE IS NEEDED TO KEEP ALL ITEMS RUNNNING AND UP TO DATE CONTINUING EDUCATION PROVIDES THE DIRECTOR AND TRUSTEE WITH THE NEEDED KNOWLEDGE TO PERFORM THEIR SERVICE.
OPERATIONS EXPENSE IS REQUIRED TO ENSURE THAT THE TRUST HAS THE NECESSARY SUPPLIES, TELECOMMUNICATIONS, & REPAIRS AND MAINTENANCE TO CONDUCT WORK WITH NO INTERRUPTIONS & PERFORM DAY TO DAY DUTIES. OFFICE EXPENSE IS TO SUPPLY THE OFFICE WITH OFFICE SUPPLIES. TRAVEL EXPENSE IS SO THAT THE DIRECTOR & TRUSTEE MAY ARRIVE TO THE FACILITY AND PERFORM THEIR SERVICES. MEETINGS EXPENSE IS TO HELP EXPAND AND PROVIDE GUIDANCE FOR THE TRUST.
INSURANCE EXPENSE IS REQUIRED TO PROVIDE OUR SERVICE UNDER THE GOVERNING LAWS. COMPENSATION EXPENSE IS FOR THE DIRECTOR AND TRUSTEE TO PERFORM SERVICES FOR THE TRUST. PROMOTION EXPENSE IS FOR THE TRUST TO BE ACKNOWLEDGED BY THE GENERAL PUBLIC. SUBSCRIPTION DUES AND BANK CHARGES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Praveen Hariharan Director | Trustee | 50 | $168,000 |
Kritika Balasubramanian Trustee | Trustee | 30 | $20,000 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $271,156 |
| 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 | $271,156 |
| 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. | $188,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $1,205 |
| Office expenses | $1,939 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $920 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $477 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,860 |
| All other expenses | $0 |
| Total functional expenses | $244,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |