Nonprofit · EIN 22-3127535
ASSOCIATED INDUTRIES OF MASSACHUSETTS
Also known as FOUNDATION INC
Tax-exempt · BOSTON, MA 02110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $0 | $206,024 | -$206,024 | $10,574 | $704,128 | -$693,554 |
| December 31, 2023 | 990 | $120,000 | $129,058 | -$9,058 | $220,310 | $707,840 | -$487,530 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $20,216
- Salaries, compensation and benefits (total)
- $21,550
- Professional fundraising fees
- $0
- Accounting fees
- $9,281
- Occupancy
- $431
- Program services (functional)
- $185,537
- Management and general (functional)
- $20,487
Balance sheet and other
- Total assets, start of year
- $220,310
- Total assets, end of year
- $10,574
- Total liabilities, end of year
- $704,128
- Net assets, end of year
- -$693,554
- Net assets without donor restrictions
- -$693,554
- Gross receipts
- $0
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1991
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BROOKE M THOMSON | PRESIDENT Trustee or director, Officer | 2 | $0 | $484,819 | $14,229 |
| CHRISTOPHER KEALEY | DIRECTOR Trustee or director | 2 | $0 | $363,310 | $40,089 |
| SARALEE G SESNOVICH | TREASURER Trustee or director, Officer | 1 | $0 | $224,283 | $17,840 |
| ROBERT R RUDDOCK ESQ | CLERK/SECRETARY Officer | 0.5 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN R REGAN NON-VOTING | PRESIDENT (THRU 12/18/2023) Trustee or director, Officer | 2 | $0 | $459,039 | $30,219 |
| CHRISTOPHER KEALEY | DIRECTOR (AS OF 12/18/2023) Trustee or director | 3.5 | $0 | $339,417 | $38,806 |
| BROOKE M THOMSON | DIRECTOR/PRESIDENT(AS OF 12/18/2023) Trustee or director, Officer | 0.1 | $0 | $350,819 | $13,281 |
| SARALEE G SESNOVICH | TREASURER Trustee or director, Officer | 2 | $0 | $208,758 | $16,414 |
| ROBERT R RUDDOCK ESQ | CLERK/SECRETARY Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 30 FEDERAL ST 5TH FLOOR, BOSTON, MA 02110-2508
- In care of
- % CINDY WOOD LYMAN
- Principal officer (990 for 2024)
- BROOKE M THOMSON, 30 FEDERAL ST 5TH FLOOR, BOSTON, MA 02110
- Signed the 990
- SARALEE G SESNOVICH, TREASURER
- Phone
- (617) 262-1180
- Website
- WWW.AIMNET.ORG
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
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.
Program accomplishments
- 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.Expenses $185,537
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 22-3127535
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1991
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Science and technology (U20Z)
- Assets (IRS master file)
- $10,574
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $0 | $206,024 | $10,574 | XML |
| 990 | December 2023 | $120,000 | $129,058 | $220,310 | XML |
| 990 | December 2022 | $370,000 | $52,351 | $252,955 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-3127535).
Questions about ASSOCIATED INDUTRIES OF MASSACHUSETTS
- What is the EIN of ASSOCIATED INDUTRIES OF MASSACHUSETTS?
- The employer identification number (EIN) of ASSOCIATED INDUTRIES OF MASSACHUSETTS is 22-3127535.
- Is ASSOCIATED INDUTRIES OF MASSACHUSETTS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to ASSOCIATED INDUTRIES OF MASSACHUSETTS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASSOCIATED INDUTRIES OF MASSACHUSETTS file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of ASSOCIATED INDUTRIES OF MASSACHUSETTS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASSOCIATED INDUTRIES OF MASSACHUSETTS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ASSOCIATED INDUTRIES OF MASSACHUSETTS?
- The 990 for the year ended December 31, 2024 names BROOKE M THOMSON.
- Who are the officers and directors of ASSOCIATED INDUTRIES OF MASSACHUSETTS?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does ASSOCIATED INDUTRIES OF MASSACHUSETTS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $0, expenses of $206,024 and total assets of $10,574 at year end.
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All nonprofits in BOSTON · Massachusetts · Science and technology