2024-11-15T11:25:11-06:00 2023-12-31 042689883 WOLF & COMPANY PC 255 STATE STREET BOSTON MA 02109 990 2023-01-01 270382989 MASSCHALLENGE INC MASS 6178630845 10 FAN PIER BLVD 3RD FLOOR BOSTON MA 02210 LISA MCLAUGHLIN COO 6178630845 2024-11-12 1 1 HARRY A KALAJIAN JR CPA P00464296 6174399700 2024-11-12 2023 2024-10-15 13:58:12Z LISA MCLAUGHLIN 10 FAN PIER BLVD 3RD FLOOR BOSTON MA 02210 10286561 0 X WWW.MASSCHALLENGE.ORG X 2009 MA THE MISSION OF MASSCHALLENGE IS TO HELP ENTREPRENEURS LAUNCH AND GROW SUCCESSFUL ENTERPRISES. WE DO IT THROUGH SPONSORING A $1M STARTUP COMPETITION TO CATALYSE BUSINESS AND JOB CREATION IN MASSACHUSETTS AND RUNNING A 4 MONTH ACCELERATOR PROGRAM TO CONNECT ENTREPRENEURS WITH THE RESOURCES NEEDED TO GROW THEIR ENTERPRISES. 11 11 64 500 0 0 9771638 9964558 407732 319775 0 2228 0 0 10179370 10286561 560000 613500 0 0 6840120 6633131 96000 35000 2680100 3602388 3897524 11098508 11179155 -919138 -892594 9785870 8735400 2678803 2520927 7107067 6214473 X TO CONNECT ENTREPRENEURS WITH THE RESOURCES THEY NEED TO LAUNCH AND SUCCEED IMMEDIATELY.THE PRIMARY ACTIVITIES INCLUDE RUNNING AN ANNUAL GLOBAL STARTUP COMPETITION, DOCUMENTING AND ORGANIZING KEY RESOURCES, AND ORGANIZING TRAINING AND NETWORKING EVENTS AND RUNNING A 4 MONTH ACCELERATOR PROGRAM DESIGNED TO HELP STARTUPS GROW. 0 0 6050859 613500 407732 RAN A GLOBAL STARTUP COMPETITION IN BOSTON, MA WITH 4000+ APPLICANTS FROM ACROSS THE US AND THE WORLD.SELECTED 400 COMPANIES TO ENTER A 4 MONTH ACCELERATOR PROGRAM.THE 400 COMPANIES IN THE ACCELERATOR PROGRAM RECEIVED FREE OFFICE SPACE, SEVERAL EDUCATIONAL AND NETWORKING EVENTS, ACCESS TO 400+ MENTORS, AND ACCESS TO MULTI MILLION IN-KIND SPONSORSHIPS FROM VARIOUS CORPORATE SPONSORS. 6050859 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 1 1 1 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 39 0 1 64 1 0 1 MX 0 0 0 1 1 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 MA X CAITLIN BRUMME 8887827820 10 FAN PIER BLVD 3RD FLOOR BOSTON MA 02210 FIONA MURRAY DIRECTOR 1.00 X 0 0 0 JOHN W HARTHORNE DIRECTOR 1.00 X 0 0 0 MICHAEL FANNING DIRECTOR 1.00 X 0 0 0 TRAVIS MCCREADY DIRECTOR 1.00 X 0 0 0 WILLIAM C COWAN DIRECTOR 1.00 X 0 0 0 MEGHAN VERONA JOYCE DIRECTOR 1.00 X 0 0 0 SCOTT SCHOEN DIRECTOR 1.00 X 0 0 0 DEBORAH DISANZO DIRECTOR 1.00 X 0 0 0 ELIZABETH GRAHAM DIRECTOR 1.00 X 0 0 0 MICHAEL LANGER DIRECTOR 1.00 X 0 0 0 IAN ROBERTS DIRECTOR 1.00 X 0 0 0 CAITLIN BRUMME CEO/PRESIDENT 40.00 X 311975 0 4800 LISA MCLAUGHLIN TREASURER/CLERK/COO 40.00 X 210832 0 6000 DAMON COX HEAD OF NEXT PRACTICE & INCLUSIVE GROWTH 40.00 X 211428 0 0 JONATHAN NORDBY HEAD OF COMMUNITY & ECOSYSTEM 40.00 X 302787 0 5275 MARY HOPKINS HEAD OF US ACCELERATION 40.00 X 159128 0 4371 ERNESTO MARTINEZ HEAD OF DEVELOPMENT & INNOVATION 40.00 X 224924 0 5000 LAUREN MITCHELL VP OF COMMUNITY 40.00 X 138233 0 4400 ROBERT BITTING CHIEF OF STAFF 40.00 X 171357 0 4475 WILLIAM MAGRUDER VP OF PARTNERSHIPS 40.00 X 169243 0 4450 JAMES FOUNTAIN HEAD OF TECHNOLOGY 40.00 X 135251 0 4120 BRYETTA CALLOWAY VP OF MARKETING & COMMUNICATION 40.00 X 155243 0 0 2190401 0 42891 19 0 1 0 ANDELA 129 W 29TH ST 5TH FLOOR NEW YORK NY 10001 TECHNOLOGY CONSULTING 368899 ANDREW M ESPO 1 VILLAGE LANE WAYLAND MA 01778 IT SUPPORT 169811 2 1025000 8939558 9964558 LICENSE FEES 541900 250000 250000 EVENT REVENUE 541900 67224 67224 APPLICATION & ADMINISTRATIVE 541900 2551 2551 319775 2228 2228 10286561 319775 0 2228 438500 438500 175000 175000 1421075 661071 282134 477870 4187616 1948040 831391 1408185 126055 58640 25026 42389 478709 222691 95041 160977 419676 195229 83321 141126 53523 53523 125862 125862 35000 35000 767736 538998 190136 38602 172580 172580 49112 19872 27882 1358 510985 200638 295933 14414 1253884 873941 193360 186583 264536 117806 22224 124506 3950 3950 65292 65292 EVENT EXPENSES 304447 262576 3988 37883 OTHER PROGRAM EXP 148656 147127 1529 TRAINING & DEVELOPMENT 117701 115101 2600 DUES & SUBSCRIPTIONS 54912 18150 29684 7078 4348 4348 11179155 6050859 2448196 2680100 1856164 1847358 5079437 3837847 1939203 1851530 136044 173313 91221 90463 4708 758 225304 225304 545010 799290 9785870 8735400 721164 856473 1957639 1664454 2678803 2520927 X 2027630 2376627 5079437 3837846 7107067 6214473 9785870 8735400 -892594 0 X X 0 1 X 1 0 X 13162911 11822317 10804494 9771643 9164558 54725923 13162911 11822317 10804494 9771643 9164558 54725923 6463195 48262728 11926 2228 14154 54740077 3005505 0.88170 0.93310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 54342 53584 758 12023 12023 0 24856 24856 0 758 ACCRUED REVENUE 412000 DUE FROM RELATED PARTIES 165520 OTHER ASSETS 11600 DUE FROM SUBSIDIARY 210170 799290 X PART X, LINE 2: MASSCHALLENGE, INC. IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("THE CODE") AND IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. SECTION 501(C)(3) OF THE CODE PROVIDES FOR THE EXEMPTION OF ORGANIZATIONS THAT ARE ORGANIZED AND OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERACY OR EDUCATIONAL PURPOSES, AND WHOSE NET EARNINGS DO NOT INURE TO THE BENEFIT OF ANY PRIVATE SHAREHOLDER OR INDIVIDUAL. MASSCHALLENGE, INC. IS ALSO EXEMPT FROM STATE AND LOCAL INCOME TAXES UNDER MASSACHUSETTS GENERAL LAW SECTION 180. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN PROVIDED FOR IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. CONTRIBUTIONS TO MASSCHALLENGE, INC. ARE TAX DEDUCTIBLE. MANAGEMENT HAS ANALYZED THE ORGANIZATION'S TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS AND HAS CONCLUDED THAT NO PROVISION FOR UNCERTAIN TAX POSITIONS IS REQUIRED IN THE ORGANIZATION'S FINANCIAL STATEMENTS. 1 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES TO CONNECT EARLY-STAGE ENTREPRENEURS WITH THE RESOURCES THEY NEED TO LAUNCH AND SUCCEED IMMEDIATELY 229158 0 0 0 0 0 0 229158 0 229158 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, SEED MONEY FOR EARLY-STAGE ENTREPRENEURS 100000 WIRE TRANSFER 0 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, SEED MONEY FOR EARLY-STAGE ENTREPRENEURS 50000 WIRE TRANSFER 0 2 SEED MONEY FOR EARLY-STAGE ENTREPRENEURS EUROPE (INCLUDING ICELAND & GREENLAND) 1 25000 WIRE TRANSFER 0 0 1 0 0 0 PART I, LINE 2: ALL APPLICATIONS ARE REVIEWED ONLINE BY INTERNATIONAL COMMUNITY OF JUDGES. - EACH APPLICATION IS REVIEWED BY AT LEAST THREE JUDGES. - EACH APPLICANT RECEIVES INDIVIDUALIZED FEEDBACK FROM THE JUDGES. STARTUPS ARE NOTIFIED IF THEY MAKE THE SECOND ROUND OF JUDGING. IN THE SECOND ROUND OF JUDGING, THOSE STARTUPS PITCH TO A PANEL OF JUDGES OR CHALLENGE PARTNERS IN-PERSON OR VIA SKYPE (IN SOME CIRCUMSTANCES). MASSCHALLENGE ENSURES THAT EVERY SINGLE STARTUP RECEIVES A COMPREHENSIVE READ OF THEIR APPLICATION BY ASSIGNING EACH OF THEM A PANEL OF DIVERSE JUDGES THAT REPRESENT A RANGE OF DIFFERENT INDUSTRIES: - ALL APPLICANTS RECEIVE FEEDBACK FROM EXPERT JUDGES ON THEIR ONLINE APPLICATIONS. - ALL SEMI-FINALISTS RECEIVE EXTENDED FEEDBACK FROM EXPERT JUDGES ON THEIR IN-PERSON PITCHES. X 0 DEMPSEY ASSOCIATES 11 BEACON STREET SUITE 1120 BOSTON MA 02108 FUNDRAISING 0 35000 0 35000 35000 35000 MA 1 BOSTON GREEN ACADEMY FOUNDATION 20 WARREN STREET BRIGHTON MA 02135 464779019 501(C)(3) 25000 0 SEED MONEY FOR EARLY-STAGE ENTREPRENEURS CANETIA ANALYTICS INC 444 SOMERVILLE AVE SOMERVILLE MA 02144 871742076 7000 0 SEED MONEY FOR EARLY-STAGE ENTREPRENEURS DIALYSIS-X INC 102 SAXON STREET APT 2 DORCHESTER MA 02125 863551532 10000 0 SEED MONEY FOR EARLY-STAGE ENTREPRENEURS GENH INC 444 SOMERVILLE AVE SOMERVILLE MA 02144 364906021 10000 0 SEED MONEY FOR EARLY-STAGE ENTREPRENEURS KIDOGO PRODUCTIONS 6 LIBERTY SQUARE 2116 BOSTON MA 02109 834674624 25000 0 SEED MONEY FOR EARLY-STAGE ENTREPRENEURS KIDVESTORS INC 4600 SHELBYVILLE ROAD SUITE 6248 LOUISVILLE KY 40206 921522160 50000 0 SEED MONEY FOR EARLY-STAGE ENTREPRENEURS LIMAX BIOSCIENCES INC 12 DIMICK ST SOMERVILLE MA 02143 873099500 50000 0 SEED MONEY FOR EARLY-STAGE ENTREPRENEURS NEW ENGLAND AQUARIUM CORPORATION CENTRAL WHARF BOSTON MA 02110 042297514 501(C)(3) 10000 0 SEED MONEY FOR EARLY-STAGE ENTREPRENEURS PUMPSPOTTING INC 78 GOVERNMENT ST KITTERY ME 03904 844427076 100000 0 SEED MONEY FOR EARLY-STAGE ENTREPRENEURS SUNNY DAY FUND 6003 MADISON OVERLOOK CT FALLS CHURCH VA 22041 834092352 25000 0 SEED MONEY FOR EARLY-STAGE ENTREPRENEURS SYNTR HEALTH TECHNOLOGIES INC 5270 CALIFORNIA AVE 300 IRVINE CA 92617 833364273 25000 0 SEED MONEY FOR EARLY-STAGE ENTREPRENEURS TAM TECHNOLOGIES INC 1867 2ND AVE APT 4C NEW YORK NY 10029 854279671 50000 0 SEED MONEY FOR EARLY-STAGE ENTREPRENEURS TATUM ROBOTICS LLC 37 COTTAGE STREET HUDSON MA 01749 883945891 25000 0 SEED MONEY FOR EARLY-STAGE ENTREPRENEURS TEAMSTACK AI CORP 1 BROADWAY CAMBRIDGE MA 02142 920571085 10000 0 SEED MONEY FOR EARLY-STAGE ENTREPRENEURS 2 12 PART I, LINE 2: GRANTS ISSUED FROM MASSCHALLENGE ARE NOT RESTRICTED WITH EXCEPTION TO THOSE ISSUED IN PARTNERSHIP WITH THE CENTER FOR ADVANCEMENT OF SCIENCE IN SPACE WHO WORKS ALONGSIDE THE BENEFICIARIES MONITORING THE ACHIEVEMENT OF MILESTONES WHICH MUST BE MET BEFORE GRANTS ARE PROVIDED. X 1 0 0 0 0 0 0 0 0 CAITLIN BRUMME CEO/PRESIDENT 230162 0 81813 0 0 0 4800 0 0 0 316775 0 0 0 JONATHAN NORDBY HEAD OF COMMUNITY & ECOSYSTEM 283662 0 19125 0 0 0 5275 0 0 0 308062 0 0 0 ERNESTO MARTINEZ HEAD OF DEVELOPMENT & INNOVATION 195389 0 29535 0 0 0 5000 0 0 0 229924 0 0 0 LISA MCLAUGHLIN TREASURER/CLERK/COO 198024 0 12808 0 0 0 6000 0 0 0 216832 0 0 0 DAMON COX HEAD OF NEXT PRACTICE & INCLUSIVE GR 190609 0 20819 0 0 0 0 0 0 0 211428 0 0 0 ROBERT BITTING CHIEF OF STAFF 150107 0 21250 0 0 0 4475 0 0 0 175832 0 0 0 WILLIAM MAGRUDER VP OF PARTNERSHIPS 150118 0 19125 0 0 0 4450 0 0 0 173693 0 0 0 MARY HOPKINS HEAD OF US ACCELERATION 137878 0 21250 0 0 0 4371 0 0 0 163499 0 0 0 BRYETTA CALLOWAY VP OF MARKETING & COMMUNICATION 150120 0 5123 0 0 0 0 0 0 0 155243 0 0 0 PART I, LINE 4A THE FOLLOWING INDIVIDUAL RECEIVED SEVERANCE PAYMENTS IN 2023: JONATHAN NORDBY - $58,333 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY THE BOARD BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR AT THE BEGINNING OF THE YEAR, PEOPLE ARE ASKED TO DISCLOSE ANY CONFLICTS OF INTERESTS THAT MAY ARISE IN THE FOLLOWING YEAR. THOSE SAME PEOPLE ARE ALSO REQUIRED TO NOTIFY AS SOON AS ANY CONFLICT OF INTEREST ARISES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR EXECUTIVES IS DETERMINED BY THE BOARD OF ADVISORS. EMPLOYEE COMPENSATION IS DETERMINED BY THE EXECUTIVES. FORM 990, PART VI, SECTION C, LINE 18 ORGANIZATION'S FORM 990 IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND TAX RETURNS AVAILABLE UPON REQUEST. FORM 990, PART IV, LINE 2C: THERE WAS NO CHANGE IN THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. MASSCHALLENGE MEXICO LIMITED LIABILITY COMPANY COMPANY WITH VARIABLE CAPITA EL ORO 23 CUAUHTEMOC ROMA NORTE MX TO HELP WITH START UP FUNDING MX C 47886 129305 1.00000 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MASSCHALLENGE MEXICO D 204000 FMV