Nonprofit · EIN 27-0382989
MASSCHALLENGE
Tax-exempt · BOSTON, MA 02210
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $7,788,018 | $9,699,589 | -$1,911,571 | $5,317,198 | $1,014,296 | $4,302,902 |
| December 31, 2023 | 990 | $10,286,561 | $11,179,155 | -$892,594 | $8,735,400 | $2,520,927 | $6,214,473 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $7,456,630
- of which government grants
- $297,448
- Program service revenue
- $331,176
- Investment income
- $212
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $247,645
- Compensation of officers, directors and key employees
- $1,729,026
- Other salaries and wages
- $2,897,511
- Salaries, compensation and benefits (total)
- $5,535,352
- Professional fundraising fees
- $42,000
- Legal fees
- $46,292
- Accounting fees
- $134,520
- Occupancy
- $1,278,538
- Travel
- $196,757
- Depreciation
- $758
- Program services (functional)
- $5,407,595
- Management and general (functional)
- $2,121,082
- Fundraising (functional)
- $2,170,912
Balance sheet and other
- Total assets, start of year
- $8,735,400
- Total assets, end of year
- $5,317,198
- Total liabilities, end of year
- $1,014,296
- Net assets, end of year
- $4,302,902
- Net assets without donor restrictions
- $1,743,593
- Net assets with donor restrictions
- $2,559,309
- Gross receipts
- $7,788,018
- Employees
- 55
- Volunteers
- 500
- Year formed
- 2009
- 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 | Other / benefits |
|---|---|---|---|---|
| CAITLIN BRUMME | CEO/PRESIDENT Officer | 40 | $338,050 | $4,800 |
| LISA MCLAUGHLIN | TREASURER/CLERK/COO Officer | 40 | $257,000 | $6,193 |
| ERNESTO MARTINEZ ENDED 82324 | HEAD OF DEVELOPMENT & INNO Key employee | 40 | $234,451 | $3,971 |
| JAMES FOUNTAIN | HEAD OF TECHNOLOGY Key employee | 40 | $199,474 | $5,382 |
| ROBERT BITTING | CHIEF OF STAFF Key employee | 40 | $180,250 | $4,644 |
| WILLIAM MAGRUDER | VP OF PARTNERSHIPS Key employee | 40 | $180,250 | $4,644 |
| BRYETTA CALLOWAY | VP OF MARKETING & COMMUNIC Highest-paid employee | 40 | $180,250 | $0 |
| ANGEL UGALDE FLORES | SERIOR DIRECTOR OF FINANCE Highest-paid employee | 40 | $172,640 | $5,163 |
| DAMON COX ENDED 061424 | HEAD OF NEXT PRACTICE & IN Key employee | 40 | $173,641 | $0 |
| GAURAV MANCHANDA | CHIEF PROGRAM OFFICER Key employee | 40 | $165,909 | $4,977 |
| SUNANDA NARAYANASWAMY | SENIOR DIRECTOR OF GLOBALPARTNERSHIPS Highest-paid employee | 40 | $155,200 | $4,043 |
| CHRISTINE CASALINI ENDED 101824 | SENIOR DIRECTOR OF DEVELOPMENT Highest-paid employee | 40 | $130,104 | $3,063 |
| RYAN BOWEN ENDED 82324 | DIRECTOR OF PLATFORM OPERATIONS Highest-paid employee | 40 | $115,629 | $2,564 |
| FIONA MURRAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN W HARTHORNE | DIRECTOR Trustee or director | 1 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL FANNING | DIRECTOR Trustee or director | 1 | $0 |
| TRAVIS MCCREADY | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM C COWAN | DIRECTOR Trustee or director | 1 | $0 |
| MEGHAN VERONA JOYCE | DIRECTOR Trustee or director | 1 | $0 |
| CRAIG LEWIS | DIRECTOR Trustee or director | 1 | $0 |
| DEBORAH DISANZO | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH GRAHAM | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL LANGER | DIRECTOR Trustee or director | 1 | $0 |
| IAN ROBERTS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CAITLIN BRUMME | CEO/PRESIDENT Officer | 40 | $311,975 | $4,800 |
| JONATHAN NORDBY | HEAD OF COMMUNITY & ECOSYSTEM Key employee | 40 | $302,787 | $5,275 |
| ERNESTO MARTINEZ | HEAD OF DEVELOPMENT & INNOVATION Key employee | 40 | $224,924 | $5,000 |
| LISA MCLAUGHLIN | TREASURER/CLERK/COO Officer | 40 | $210,832 | $6,000 |
| DAMON COX | HEAD OF NEXT PRACTICE & INCLUSIVE GROWTH Key employee | 40 | $211,428 | $0 |
| ROBERT BITTING | CHIEF OF STAFF Highest-paid employee | 40 | $171,357 | $4,475 |
| WILLIAM MAGRUDER | VP OF PARTNERSHIPS Highest-paid employee | 40 | $169,243 | $4,450 |
| MARY HOPKINS | HEAD OF US ACCELERATION Key employee | 40 | $159,128 | $4,371 |
| BRYETTA CALLOWAY | VP OF MARKETING & COMMUNICATION Highest-paid employee | 40 | $155,243 | $0 |
| LAUREN MITCHELL | VP OF COMMUNITY Highest-paid employee | 40 | $138,233 | $4,400 |
| JAMES FOUNTAIN | HEAD OF TECHNOLOGY Highest-paid employee | 40 | $135,251 | $4,120 |
| FIONA MURRAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN W HARTHORNE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL FANNING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TRAVIS MCCREADY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIAM C COWAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MEGHAN VERONA JOYCE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT SCHOEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEBORAH DISANZO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELIZABETH GRAHAM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL LANGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| IAN ROBERTS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 10 FAN PIER BLVD STE 300, BOSTON, MA 02210-2142
- Principal officer (990 for 2024)
- LISA MCLAUGHLIN, 10 FAN PIER BLVD 3RD FLOOR, BOSTON, MA 02210
- Signed the 990
- LISA MCLAUGHLIN, COO
- Phone
- (617) 863-0845
- Website
- WWW.MASSCHALLENGE.ORG
- Return prepared by
- WOLF & COMPANY PC
Mission
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.
Program accomplishments
- 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.Expenses $5,407,595 · grants $247,645 · revenue $331,176
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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
- 27-0382989
- 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
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S43)
- Assets (IRS master file)
- $5,317,198
- Income (IRS master file)
- $7,788,018
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $7,788,018 | $9,699,589 | $5,317,198 | XML |
| 990 | December 2023 | $10,286,561 | $11,179,155 | $8,735,400 | XML |
| 990 | December 2022 | $10,179,370 | $11,098,508 | $9,785,870 | 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 27-0382989).
Questions about MASSCHALLENGE
- What is the EIN of MASSCHALLENGE?
- The employer identification number (EIN) of MASSCHALLENGE is 27-0382989.
- Is MASSCHALLENGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to MASSCHALLENGE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MASSCHALLENGE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MASSCHALLENGE 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 MASSCHALLENGE 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 MASSCHALLENGE?
- The 990 for the year ended December 31, 2024 names LISA MCLAUGHLIN.
- Who are the officers and directors of MASSCHALLENGE?
- The 990 for the year ended December 31, 2024 lists 24 people; 13 received compensation from the organization, the highest $338,050 (CAITLIN BRUMME, CEO/PRESIDENT).
- How much revenue does MASSCHALLENGE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $7,788,018, expenses of $9,699,589 and total assets of $5,317,198 at year end.
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All nonprofits in BOSTON · Massachusetts · Community improvement and capacity building