Nonprofit · EIN 83-2946128
TIE-BOSTON FOUNDATION INC
Tax-exempt · CAMBRIDGE, MA 02142
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $183,328 | $238,911 | -$55,583 | $371,029 | $93,336 | $277,693 |
| December 31, 2023 | 990 | $181,788 | $226,357 | -$44,569 | $424,191 | $90,915 | $333,276 |
| December 31, 2022 | 990 | $242,738 | $225,363 | $17,375 | $472,830 | $94,985 | $377,845 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $45,400
- Program service revenue
- $134,269
- Investment income
- $3,659
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $17,960
- Other salaries and wages
- $78,649
- Salaries, compensation and benefits (total)
- $111,918
- Professional fundraising fees
- $0
- Legal fees
- $3,250
- Accounting fees
- $17,442
- Occupancy
- $13,024
- Travel
- $1,555
- Program services (functional)
- $145,840
- Management and general (functional)
- $93,071
Balance sheet and other
- Total assets, start of year
- $424,191
- Total assets, end of year
- $371,029
- Total liabilities, end of year
- $93,336
- Net assets, end of year
- $277,693
- Net assets without donor restrictions
- $247,693
- Net assets with donor restrictions
- $30,000
- Gross receipts
- $183,328
- Employees
- 1
- Volunteers
- 55
- Year formed
- 2018
- 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 |
|---|---|---|---|---|---|
| ROWENA KAY MASCARENHAS | EXECUTIVE DI Officer | 10 | $0 | $109,500 | $6,000 |
| YASH SHAH | PRESIDENT 1/ Trustee or director, Officer | 10 | $0 | $0 | $0 |
| PURNANAND SARMA | PRESIDENT6/3 Trustee or director, Officer | 10 | $0 | $0 | $0 |
| RAKESH KAMDAR | TREASURER 1/ Trustee or director, Officer | 5 | $0 | $0 | $0 |
| JOE FALCAO | TREASURER6/3 Trustee or director, Officer | 5 | $0 | $0 | $0 |
| DAVID BARBASH | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANU CHITRAPU | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MEGHA DESAI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SHIRISH NIMGAONKAR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GUARAV MALLIK | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| ANUPENDRA SHARMA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GEETHA SREEDHAR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PRAMOD KALYANASUNDARAM | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SUNITA KANCHINADAM | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SWARNA BALASUBRAMANIAM | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALOK PRASAD | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| ROWENA KAY MASCARENHAS | EXECUTIVE DI Officer | 10 | $0 | $96,554 |
| YASH SHAH | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| RAKESH KAMDAR | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| EMILY LADD-KRAVITZ | FORMER SECRE Trustee or director, Officer | 1 | $0 | $0 |
| DAVID BARBASH | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ANU CHITRAPU | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MEGHA DESAI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHIRISH NIMGAONKAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GUARAV MALLIK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANUPENDRA SHARMA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GEETHA SREEDHAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS ARUL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VENKAT MAROJU | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SANGEETA MORRJANI | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2022: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ADAM CARTER | TYE PROGRAM DIRECTOR Key employee | 40 | $43,320 |
| KATIE QUIGLEY MELLOR | TYE PROGRAM DIRECTOR Key employee | 40 | $25,000 |
| YASH SHAH | PRESIDENT Officer | 3 | $0 |
| RAKESH KAMDAR | TREASURER Officer | 1 | $0 |
| EMILY LADD-KRAVITZ | SECRETARY Officer | 1 | $0 |
| GUARAV MALLIK | DIRECTOR Trustee or director | 1 | $0 |
| ANUPENDRA SHARMA | DIRECTOR Trustee or director | 1 | $0 |
| SANGEETA MORRJANI | DIRECTOR Trustee or director | 1 | $0 |
| MEGHA DESAI | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS ARUL | DIRECTOR Trustee or director | 1 | $0 |
| GEETHA SREEDHAR | DIRECTOR Trustee or director | 1 | $0 |
| SHIRISH NIMGAONKAR | DIRECTOR Trustee or director | 1 | $0 |
| VENKAT MAROJU | DIRECTOR Trustee or director | 1 | $0 |
| KIRAN UPPULURI | DIRECTOR Trustee or director | 1 | $0 |
| ANU CHITRAPU | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1 BROADWAY STE 14, CAMBRIDGE, MA 02142-1187
- Principal officer (990 for 2024)
- JOE FALCAO, ONE BROADWAY 14TH FLOOR, CAMBRIDGE, MA 02142
- Signed the 990
- JOE FALCAO, TREASURER6/30-12/31
- Phone
- (617) 310-6078
- Return prepared by
- ANSTISS & CO PC
Mission
TO ENHANCE, SUPPORT, AND NURTURE ENTREPRENEURSHIP AMONG YOUNG PROFESSIONALS BY PROVIDING EDUCATION, MENTORING, AND OTHER ASSISTANCE.
Program accomplishments
- TIE-BOSTON FOUNDATION CREATES A NEW LEARNING ENVIRONMENT WHERE HIGH SCHOOL AGED PARTICIPANTS CAN EXPERIMENT, BUILD RESILIENCE AND COLLABORATE TO CREATE MORE PRODUCTIVE AND SUCCESSFUL PATHWAYS TO THEIR PERSONAL AND PROFESSIONAL GOALS.Expenses $145,840 · revenue $134,269
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
- 83-2946128
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S02)
- Assets (IRS master file)
- $371,029
- Income (IRS master file)
- $183,328
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $183,328 | $238,911 | $371,029 | XML |
| 990 | December 2023 | $181,788 | $226,357 | $424,191 | XML |
| 990 | December 2022 | $242,738 | $225,363 | $472,830 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 83-2946128).
Questions about TIE-BOSTON FOUNDATION INC
- What is the EIN of TIE-BOSTON FOUNDATION INC?
- The employer identification number (EIN) of TIE-BOSTON FOUNDATION INC is 83-2946128.
- Is TIE-BOSTON FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to TIE-BOSTON FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TIE-BOSTON FOUNDATION INC 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 TIE-BOSTON FOUNDATION INC 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 TIE-BOSTON FOUNDATION INC 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 TIE-BOSTON FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names JOE FALCAO.
- Who are the officers and directors of TIE-BOSTON FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 16 people; 0 received compensation from the organization.
- How much revenue does TIE-BOSTON FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $183,328, expenses of $238,911 and total assets of $371,029 at year end.
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