2025-11-13T13:56:57-06:00 2024-12-31 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 9TH FLOOR NEW YORK NY 100172013 990 2024-01-01 223127535 ASSOCIATED INDUSTRIES OF MASSACHUSETTS FOUNDATION INC ASSO 6172621180 30 FEDERAL ST 5TH FLOOR BOSTON MA 02110 SARALEE G SESNOVICH TREASURER 6172621180 2025-11-13 1 0 ERIN COUTURE P01390592 2125990100 2024 2025-03-06 01:10:19Z BROOKE M THOMSON 30 FEDERAL ST 5TH FLOOR BOSTON MA 02110 0 0 X WWW.AIMNET.ORG X 1991 MA THE AIM FOUNDATION PROVIDES UNBIASED RESEARCH AND EDUCATION (SEE SCHEDULE O). ON ISSUES OF PUBLIC INTEREST WITH THE OBJECTIVE OF CREATING AN ECONOMY THAT BUILDS OPPORTUNITY FOR ALL THE CITIZENS OF MASSACHUSETTS. THE FOUNDATION EMPHASIZES ISSUES THAT AFFECT BUSINESS GROWTH AND COMPETITIVENESS, ECONOMIC INCLUSION OF HISTORICALLY UNDERREPRESENTED GROUPS, AND THE AVAILABILITY OF TRAINING AND EDUCATION NEEDED TO KEEP MASSACHUSETTS AS A GLOBAL CENTER OF INNOVATION AND COMMERCE. 3 0 0 0 0 0 120000 0 0 0 0 0 0 0 120000 0 0 0 0 0 53177 21550 0 0 0 75881 184474 129058 206024 -9058 -206024 220310 10574 707840 704128 -487530 -693554 X THE AIM FOUNDATION PROVIDES UNBIASED RESEARCH AND EDUCATION ON ISSUES OF PUBLIC INTEREST WITH THE OBJECTIVE OF CREATING AN ECONOMY THAT BUILDS OPPORTUNITY FOR ALL THE CITIZENS OF MASSACHUSETTS. (SEE SCHEDULE O).THE FOUNDATION EMPHASIZES ISSUES THAT AFFECT BUSINESS GROWTH AND COMPETITIVENESS, ECONOMIC INCLUSION OF HISTORICALLY UNDERREPRESENTED GROUPS, AND THE AVAILABILITY OF TRAINING AND EDUCATION NEEDED TO KEEP MASSACHUSETTS AS A GLOBAL CENTER OF INNOVATION AND COMMERCE. 0 0 185537 0 0 THE FOUNDATION PERFORMS RESEARCH, EDUCATION AND PRODUCTION OF IN-DEPTH NON-PARTISAN ANALYSIS RELATED TO ISSUES OF PUBLIC POLICY IN MASSACHUSETTS. ADDITIONALLY, THE AIM FOUNDATION HAS EXPANDED ITS INITIATIVES TO INCLUDE A SUPPLIER DIVIERSITY PROGRAM TO SUPPORT AND EXPAND DIVERSE AND INCLUSIVE PURCHASING BY MASSACHUSETTS BUSINESSES. THIS PROGRAM IS INTENDED TO DECREASE THE RACIAL WEALTH GAP BY ADVANCING INCLUSIVE PROCUREMENT THROUGHOUT THE BUSINESS ECOSYSTEM OF THE COMMONWEALTH. 185537 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X X SARALEE G SESNOVICH 6172621180 30 FEDERAL ST 5TH FLOOR BOSTON MA 02110 BROOKE M THOMSON PRESIDENT 2.00 33.00 X X 0 484819 14229 SARALEE G SESNOVICH TREASURER 1.00 34.00 X X 0 224283 17840 CHRISTOPHER KEALEY DIRECTOR 2.00 33.00 X 0 363310 40089 ROBERT R RUDDOCK ESQ CLERK/SECRETARY 0.50 5.50 X 0 0 0 0 1072412 72158 0 0 1 0 0 0 0 0 0 X 20216 10108 10108 1334 667 667 9281 9281 172524 172524 2219 2219 431 431 TAXES 19 19 206024 185537 20487 0 220310 10574 220310 10574 22814 0 685026 704128 707840 704128 X -668398 -693554 180868 0 -487530 -693554 220310 10574 -206024 0 X 0 1 X 1 0 X 120000 236500 370000 120000 0 846500 120000 236500 370000 120000 846500 699210 147290 846500 0.17400 0.18470 X THE AIM FOUNDATION WAS ESTABLISHED IN 1991 AS A 501(C)(3) PUBLIC CHARITY. THE AIM FOUNDATION PROVIDES UNBIASED RESEARCH AND EDUCATION ON ISSUES OF PUBLIC INTEREST WITH THE OBJECTIVE OF CREATING AN ECONOMY THAT BUILDS OPPORTUNITY FOR ALL THE CITIZENS OF MASSACHUSETTS. THE FOUNDATION EMPHASIZES ISSUES THAT AFFECT BUSINESS GROWTH AND COMPETITIVENESS, ECONOMIC INCLUSION OF HISTORICALLY UNDERREPRESENTED GROUPS, AND THE AVAILABILITY OF TRAINING AND EDUCATION NEEDED TO KEEP MASSACHUSETTS AS A GLOBAL CENTER OF INNOVATION AND COMMERCE. OVER THE YEARS, IT COMMISSIONED STUDIES RELATED TO ENERGY, WORKERS COMPENSATION, HEALTH CARE REFORM, INVESTMENT AND RESEARCH TAX CREDITS AND ELECTRIC RESTRUCTURING. MASSACHUSETTS MAINTAINS AN ENVIABLE ECONOMY THAT GENERATES BILLIONS OF DOLLARS OF OUTPUT PER YEAR THROUGH GLOBALLY RECOGNIZED INDUSTRIES SUCH AS ADVANCED MANUFACTURING, BIOPHARMACEUTICALS, SOFTWARE, HIGHER EDUCATION AND HEALTH CARE. BUT THE COMMONWEALTH ALSO FACES ENORMOUS ECONOMIC CHALLENGES RANGING FROM UNSUSTAINABLY HIGH BUSINESS COSTS AND PROHIBITIVE HOUSING PRICES TO TRANSPORTATION GRIDLOCK AND A STAGNANT POPULATION THAT THREATENS ITS ABILITY TO GROW IN THE FUTURE.THE AIM FOUNDATION'S VISION IS TO DEVELOP THE INTELLECTUAL UNDERPINNINGS THAT WILL SUPPORT COLLABORATION BY BUSINESS LEADERS, ELECTED OFFICIALS AND OTHER EXPERTS ON THE PRESSING ECONOMIC CHALLENGES THAT FACE MASSACHUSETTS. THE FOUNDATION ALSO SEEKS TO ENSURE THAT FAIRNESS, DIVERSITY, AND INCLUSION ARE CONSTITUENT ELEMENTS OF ECONOMIC PROGRESS FOR BUSINESS OWNERS AND WORKERS ALIKE. FOR THE PAST THREE YEARS, THE ORGANIZATION HAS SEEN A DECREASE IN ITS PUBLIC SUPPORT PERCENTAGE BELOW THE 33 1/3% THRESHOLD. THIS DECREASE WAS A RESULT OF DECREASE IN ACTIVITY OF THE FOUNDATION AND STAFFING CHALLENEGES DUE TO ATTRITION OF LONG-TIME STAFF MEMBERS. AIM IS RESPONDING TO THE CHANGING ECONOMIC AND SOCIAL ENVIRONMENT IN MASSACHUSETTS BY EXPANDING THE PRIORITIES OF THE FOUNDATION TO FOCUS ON ECONOMIC INCLUSION, ENERGY AND OTHER FACTORS IMPACTING ECONOMIC COMPETITIVENESS. HOWEVER, DESPITE THESE CHALLENGES, THE ORGANIZATION SUCCESSFULLY ADVANCED TWO IMPORTANT INITIATIVES DURING 2023 AND 2024 THAT HELPED TO ADVANCE KEY PRIORITIES OF THE AIM FOUNDATION. THE FIRST INITIAITVE WAS MADE POSSIBLE BY A $250,000 GRANT FROM A PRIVATE FOUNDATION TO SUPPORT AIM'S ECONOMIC INCLUSION WORK. THE SECOND INITIATIVE WAS A JOINT COLLABORATION WITH THE RELATED ORGANIZATION, AIM, AND MADE POSSIBLE BY A $100,000 CONTRIBUTION FROM A MEMBER COMPANY TO AIM'S IRC 501(C)(6) MEMBERSHIP ORGANIZATION TO SUPPORT A NEW DIGITAL INCLUSION INITIATIVE. AIM STAFF PARTICIPATED IN AND LED NUMEROUS PUBLIC EVENTS IN COMMUNITIES THROUGHOUT MASSACHUSETTS BUIDLING AWARENESS OF AND SUPPORT FOR ITS ECONOMIC INCLUSION INITIATIVES. AS OUTLINED BELOW, THE FOUNDATION IS DEVELOPING A PLAN TO INCREASE ITS PUBLIC SUPPORT PERCENTAGE AND CONTINUE TO BE ACCOUNTABLE TO THE GENERAL PUBLIC THROUGH ITS GOVERNANCE AND AVAILABLE RESEARCH. THE TRUSTEES OF THE AIM FOUNDATION WILL CONTINUE TO DEVELOP A COMPREHENSIVE PLAN TO RE-INVIGORATE THE ORGANIZATION AS A PROMINENT RESOURCE FOCUSING ON ISSUES OF PUBLIC INTEREST WITH THE OBJECTIVE OF CREATING AN ECONOMY THAT BUILDS OPPORTUNITY FOR ALL CITIZENS IN MASSACHUSETTS. THE TRUSTEES ARE CONFIDENT THAT THE WORK PLAN WILL ALLOW THE AIM FOUNDATION TO MEET THE PUBLIC SUPPORT TESTS FOR 501(C)(3) PUBLIC CHARITY STATUS. ADDITIONALLY, THE AIM FOUNDATION HAS EXPANDED ITS INITIATIVES TO INCLUDE A SUPPLIER DIVIERSITY PROGRAM TO SUPPORT AND EXPAND DIVERSE AND INCLUSIVE PURCHASING BY MASSACHUSETTS BUSINESSES. THIS PROGRAM IS INTENDED TO DECREASE THE RACIAL WEALTH GAP BY ADVANCING INCLUSIVE PROCUREMENT THROUGHOUT THE BUSINESS ECOSYSTEM OF THE COMMONWEALTH.FUNDRAISING AND GOVERNANCE:THE AIM FOUNDATION RECEIVED A MULTI-YEAR GRANT FROM A PRIVATE NON-PROFIT FOUNDATION IN 2022 TO SUPPORT ITS SUPPLIER DIVERSITY PROGRAM AIM BUSINESS CONNECT DURING 2023 AND 2024 AND ADDITIONAL WORK TO BUILD RELATIONSHIPS AND SUPPORT AMONG UNDERSERVED COMMUNITIES. ADDITIONALLY, THE AIM FOUNDATION APPLIED FOR MULTIPLE GRANTS FROM ORGANIZATIONS AND FOUNDATIONS MANAGED BY MEMBER COMPANIES. THE AIM FOUNDATION IS IN NEGOTIATIONS FOR A MAJOR GIFT TO SUPPORT ITS WORK IN ECONOMIC INCLUSION. THE FOUNDATION WILL APPLY FOR GRANTS FROM CHARITABLE, PUBLIC NOT-FOR-PROFIT 501(C)(3) ORGANIZATIONS AND DEVELOP A PLAN TO SOLICIT DONATIONS FROM THE 3,400 MEMBER COMPANIES OF ASSOCIATED INDUSTRIES OF MASSACHUSETTS. THIS WILL HELP DIVERSIFY ITS SUPPORT AND INCREASE ITS PUBLIC SUPPORT PERCENTAGE. THESE INITIATIVES TO EXPAND THE DONOR BASE WILL TARGET PROSPECTIVE PARTNERS WHO SUPPORT THE MISSION AND PROGRAMS OF THE FOUNDATION. EFFORTS THE FOUNDATION WILL TAKE INCLUDE:- AIM FOUNDATION FUND-RAISING SOLICITATIONS IN THE MEMBERSHIP MATERIALS FOR ITS ASSOCIATED IRC 501(C)(6) MEMBERSHIP ORGANIZATION, ASSOCIATED INDUSTRIES OF MASSACHUSETTS (AIM). - THE FOUNDATION WILL INCREASE ITS MARKETING RESOURCES, INCLUDING THE DEVELOPMENT OF A WEB PAGE.- THE FOUNDATION WILL EXPLORE GRANT OPPORTUNITIES FROM PUBLIC CHARITABLE ORGANIZATIONS (501) (C)(3) (NOT A PRIVATE FOUNDATION).IN ADDITION, TO EXPANDING ITS FUNDRAISING BASE, AIM FOUNDATION WILL EXPAND THE BOARD OF TRUSTEES TO FIVE MEMBERS, INCLUDING PEOPLE DRAWN FROM THE AIM BOARD OF DIRECTORS AND OTHERS COMMITTED TO THE MISSION OF THE FOUNDATION. THE EXPANDED FOUNDATION BOARD OF TRUSTEES WILL MEET FOUR TIMES PER YEAR, VIRTUALLY OR IN PERSON.AIM ALSO EMBARKED ON A MAJOR OVERHAUL OF ITS WEBSITE INCLUDING SIGNIFICANT UPGRADES AND EDITS TO THE AIM FOUNDATION PAGES. DURING CONVERSATIONS WITH POTENTIAL FUNDERS, IT BECAME CLEAR THAT ENHANCING THE PUBLIC PRESENCE AND PRESENTATION OF THE AIM FOUNDATION'S IMPACT WOULD BE CRITICAL TO ITS EFFORTS TO BUILD SUPPORT AND RAISE ADDITIONAL FUNDS. THE NEW WESBITE WILL PROVIDE A BETTER PLATFORM ON WHICH TO SOLICIT SMALL DOLLAR DONATIONS AND INCREASE PUBLIC SUPPORT.CHALLENGES TO ADDRESS:FIRST, AT THE END OF 2023, THERE WAS SIGNIFICANT TRANSITON IN AIM LEADERSHIP. BROOKE THOMSON WAS PROMOTED TO PRESIDENT & CEO BEGINNING JANUARY 1, 2024, FOLLOWING THE RETIREMENT OF JOHN REGAN. UNDER BROOKE'S LEADERSHIP, AIM CREATED A NEW POSITION, EXECUTIVE VICE PRESIDENT, ECONOMIC INCLUSION. THE ADDITIONAL STAFF REOURCE FURTHER ENABLED THE AIM FOUNDATION TO APPLY FOR GRANTS, EDUCATE MEMBER COMPANIES ABOUT THE OPPORTUNTIES TO SUPPORT THE FOUNDATION, AND ADVANCE THE IMPORTANT ECONOMIC INCLUSION ACTIVITIES DETAILED IN AIM'S ANNUAL OPERATIONS PLAN. THE NEW ECONOMIC INCLUSION STAFF POSITION REQUIRED TIME TO LEARN THE ISSUES AND DEVELOP PLANS FOR THE FOUNDATION. SECOND, ORGANIZATIONS AND INDIVIDUALS ARE REFRAMING AND REDESIGNING THEIR PROGRAMS AND FUNDING RELATED TO ECONOMIC INCLUSION BASED ON THE CHANGING POLITICAL ENVIRONMENT AT THE NATIONAL LEVEL. THIS PRESENTS SPECIFIC CHALLENGES RELATED TO THOSE INITIATIVES WITHIN THE AIM FOUNDATION, WHICH IS CONTINUING WITH ITS COMMITMENTS WHILE UPDATING ELEMENTS OF ITS PROGRAMS TO REFLECT THE CURRENT ENVIRONMENT. IN THE YEAR AHEAD, THE AIM FOUNDATION WILL CONTINUE TO UPDATE AND STRENGTHEN ITS ECONOMIC INCLUSION WORK. AIM WILL ALSO EXPAND ITS OUTREACH TO MEMBER COMPANIES TO EXPLORE RESEARCH OPPORTUNITIES THAT WERE PRIORITIES OF THE AIM FOUNDATION IN YEARS PAST. THE NEW LEADERSHIP TEAM AT AIM UNDERSTANDS THE NEED TO EXPAND THE FOCUS, AND FUNDRAISING TO BROADEN THE AWARENESS OF AND SUPPORT FOR THE AIM FOUNDATION. REVITALIZING THE AIM FOUNDATION WILL BE A MAJOR PRIORITY TO ENSURE THAT EVERY ASPECT OF THE FOUNDATION IS IN COMPLIANCE WITH LAWS GOVENRING PUBLIC CHARITIES AND THAT IT MEETS THE SUPPORT TEST. PROJECTS:RESEARCH PAPERS - THE AIM FOUNDATION WILL CONSIDER PUBLISHING OR SPONSORING RESEARCCH MADE AVAILABLE TO THE PUBLIC. POTENTIAL TOPICS INCLUDE:- ENERGY, RECYCLING, SUSTAINABILITY- PFAS- TELECOMMUNICATIONS INDUSTRY BROADBAND- TRANSPORTATION- WORKERS COMPENSATION - INNOVATION RESEARCH ON NEW INDUSTRIES- TAXES, INCLUDING REPORTS ON TAX CREDITS- ECONOMIC INCLUSION - WORKFORCE DEVELOPMENT ISSUESEDUCATIONAL FORUMS - THE FOUNDATION WILL SPONSOR ONE NON-PARTISAN EVENT ANNUALLY. THE EVENT MAY BE LINKED TO ONE OF THE RESEARCH PROJECTIONS MENTIONED ABOVE OR COULD BE A MEANS TO RE-CLASSIFY AN EXISTING SERIES OF EVENTS SUCH AS ITS HIGHLY SUCCESSFUL "COMMONWEALTH CONVERSATIONS" FOCUSED ON ISSUES OF IMPORTANCE TO THE PUBLIC. AIM JOINED WITH THE AIM FOUNDATION TO SPONSOR AND EVENT WITH OVER 150 ATTENDEES AT MGM SPRINGFIELD FOR A NON-PARTISAN SUPPLIER DIVERSITY & DIGITAL INCLUSION EVENT IN APRIL 2024. AIM FOUNDATION ALSO CONVENED A UNIQUE "VENDOR SHOWCASE" DURING THE AIM 2024 ANNUAL MEETING TO HIGHLIGHT AND BUILD SUPPORT FOR SMALL, UNDERREPRESENTED BUSINESSES. DATA GATHERING (SURVEYS) - THE FOUNDATION WILL EXPLORE UNDERTAKING ONE OR MORE SURVEYS EITHER ON ITS OWN OR THROUGH THIRD PARTIES. THE CURRENT AIM BUSINESS CONFIDENCE INDEX OR SIMILAR MEMBER SURVEYS COULD BE SPONSORED BY THE AIM FOUNDATION. 0 INTERCOMPANY PAYABLE 704128 704128 X PART X, LINE 2: ASC 740 ASSOCIATED INDUSTRIES OF MASSACHUSETTS FOUNDATION, INC. IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS OF ASSOCIATED INDUSTRIES OF MASSACHUSETTS, INC. (THE "ASSOCIATION OR "AIM"). THE ASSOCIATION IS A NOT-FOR-PROFIT ORGANIZATION DESCRIBED IN SECTION 501(C)(6) OF THE CODE, AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE CODE AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE INCOME TAX CONSEQUENCES, IF ANY, FROM THESE ENTITIES ARE REFLECTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ASSOCIATION IS REQUIRED TO ASSESS UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ASSOCIATION BELIEVES IT IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATIONS BY THE TAX AUTHORITIES FOR FISCAL YEARS PRIOR TO AND INCLUDING 2017. 0 0 0 0 0 0 0 0 0 BROOKE M THOMSON PRESIDENT 0 413269 0 65000 0 6550 0 9997 0 4232 0 499048 0 0 CHRISTOPHER KEALEY DIRECTOR 0 301256 0 55000 0 7054 0 9527 0 30562 0 403399 0 0 SARALEE G SESNOVICH TREASURER 0 195997 0 26000 0 2286 0 6190 0 11650 0 242123 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS: FORM 990 WAS PREPARED BY GRANT THORNTON ADVISORS LLC (GT), THE ORGANIZATION'S TAX ADVISORS, FROM INFORMATION PROVIDED BY MANAGEMENT. THE COMPLETE FORM 990 (WITH REQUIRED SCHEDULES) WAS PROVIDED ELECTRONICALLY TO EACH MEMBER OF THE GOVERNING BODY PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT: THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY. ANNUALLY, EACH BOARD MEMBER AND OFFICER OF AIM AND OF ASSOCIATED ORGANIZATIONS AND EVERY AIM EMPLOYEE MUST ACKNOWLEDGE READING AND UNDERSTANDING THE CONFLICT POLICY AND MUST COMPLETE AND RETURN AN ANNUAL CONFLICT DISCLOSURE QUESTIONNAIRE. IN ADDITION, ANY NEW OR POTENTIAL CONFLICT OF INTEREST OF ANY BOARD MEMBER, OFFICER, OR EMPLOYEE MUST BE DISCLOSED IMMEDIATELY TO THE PRESIDENT AND CEO WHO IN TURN MUST DISCLOSE TO THE CHAIRMAN, WHO THEN DETERMINES IF A CONFLICT OF INTEREST EXISTS. IN ADDITION, ANY MEMBER OF THE BOARD HAVING AN EXISTING OR POTENTIAL CONFLICT OF INTEREST WITH RESPECT TO ANY MATTER WHICH IS THE SUBJECT OF ACTION BY THE BOARD OR ITS COMMITTEES SHALL DISCLOSE SUCH CONFLICT AND THE MEMBER WILL NOT BE COUNTED IN DETERMINING THE QUORUM AND SHALL NOT VOTE ON THE MATTER. ANY EMPLOYEE OF AIM OR OF ASSOCIATED ORGANIZATIONS WITH A CONFLICT OF INTEREST SHALL ABSTAIN AND NOT PARTICIPATE IN DISCUSSIONS CONCERNING THE ACTIONS OF THE ORGANIZATION IN REGARD TO THE MATTER WHICH IS THE SUBJECT OF THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION: THESE PRACTICES ARE COMPLETED BY RELATED ORGANIZATION ASSOCIATED INDUSTRIES OF MASSACHUSETTS. THE COMPENSATION COMMITTEE OF THE BOARD REVIEWS PERFORMANCE AND COMPENSATION OF THE ORGANIZATION'S PRESIDENT AND CEO AND MAKES COMPENSATION AND BONUS RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE OF THE BOARD. ALL RECOMMENDATIONS ARE DOCUMENTED BY THE COMPENSATION COMMITTEE AND SENT TO THE EXECUTIVE COMMITTEE FOR APPROVAL. THE EXECUTIVE COMMITTEE VOTES ON THE RECOMMENDATIONS OF THE COMPENSATION COMMITTEE AND DOCUMENTS ITS DECISION. ON A REGULAR BASIS - MOST RECENTLY IN 2024 - THE COMPENSATION COMMITTEE EMPLOYED THE SERVICES OF AN INDEPENDENT COMPENSATION CONSULTANT TO CONDUCT A COMPETITIVE MARKET REVIEW OF THE CEO'S COMPENSATION USING GENERALLY ACCEPTED METHODS AND PRACTICES. THE ORGANIZATION EMPLOYS THE SERVICES OF AN INDEPENDENT COMPENSATION CONSULTANT TO CONDUCT AN INDEPENDENT COMPENSATION STUDY FOR ALL OTHER OFFICERS AND KEY EMPLOYEES. A COMPENSATION MARKET STUDY WAS COMMISSIONED IN 2024 TO 2025 FOR ALL POSITIONS - INCLUDING COMPARABLE DATA AND CONTEMPORANEOUS SUBSTANTIATION. FORM 990, PART VI, SECTION C, LINE 19 HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC: THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PURCHASED SERVICES: PROGRAM SERVICE EXPENSES 172,524. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 172,524. ASSOCIATED INDUSTRIES OF MASSACHUSETTS 30 FEDERAL ST 5TH FLOOR BOSTON MA 02110 041045830 MEMBERSHIP MA 501(C)(6) N/A 0 AIM SERVICE CORPORATION 30 FEDERAL ST 5TH FLOOR BOSTON MA 02110 042950545 SERVICE/PUBL MA N/A C 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 ASSOCIATED INDUSTRIES OF MASSACHUSETTS INC E 704128 FAIR VALUE ASSOCIATED INDUSTRIES OF MASSACHUSETTS INC N 431 FAIR ALLOCATION ASSOCIATED INDUSTRIES OF MASSACHUSETTS INC O 21549 FAIR ALLOCATION ASSOCIATED INDUSTRIES OF MASSACHUSETTS INC P 94288 CASH PAYMENT