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Nonprofiteer
← TIE-ATLANTIC INC

Form 990 for tax year 2024

Filed by TIE-ATLANTIC INC.

Totals

Total revenue
$495,017
Total expenses
$552,145
Contributions and grants received
$281,180
Grants paid
$0
Program service revenue
$187,010
Investment income
$26,827
Other revenue
$0
Total assets, end of year
$902,425
Total liabilities, end of year
$183,929
Net assets or fund balances, end of year
$718,496
Program services expenses (Part IX)
$394,485
Management and general expenses
$157,660
Fundraising expenses
$0
Program service expenses (Part III)
$394,485

Program services were 71.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $281,180

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $187,010 · related or exempt $187,010

  • 3 · Investment income

    total $26,827 · excluded $26,827

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $116,308 · program services $101,838 · management and general $14,470

  • 7 · Other salaries and wages

    total $117,986 · program services $114,506 · management and general $3,480

  • 9 · Other employee benefits

    total $12,000 · program services $11,383 · management and general $617

  • 10 · Payroll taxes

    total $20,778 · program services $19,166 · management and general $1,612

  • 11c · Fees: accounting

    total $31,609 · management and general $31,609

  • 11g · Fees: other

    total $7,959 · program services $5,700 · management and general $2,259

  • 12 · Advertising and promotion

    total $20,500 · management and general $20,500

  • 13 · Office expenses

    total $16,583 · program services $569 · management and general $16,014

  • 14 · Information technology

    total $53 · management and general $53

  • 16 · Occupancy

    total $10,630 · management and general $10,630

  • 17 · Travel

    total $12,266 · management and general $12,266

  • 22 · Depreciation, depletion and amortization

    total $212 · management and general $212

  • 23 · Insurance

    total $2,788 · management and general $2,788

  • 24a · Other expenses: MEMBERSHIP EXPENSES

    total $141,296 · program services $141,296

  • 24b · Other expenses: MEMBERSHIP DUES

    total $41,177 · program services $27 · management and general $41,150

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $719,658 · end of year $677,420

  • 2 · Savings and temporary cash investments

    beginning of year $220,000 · end of year $220,000

  • 4 · Accounts receivable

    beginning of year $25,416 · end of year $1,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $610 · end of year $2,637

  • 10a · Land, buildings and equipment: cost or other basis

    $1,061

  • 10b · Land, buildings and equipment: accumulated depreciation

    $743

  • 10c · Land, buildings and equipment, net

    beginning of year $530 · end of year $318

  • 15 · Other assets

    beginning of year $525 · end of year $550

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,428 · end of year $40,402

  • 19 · Deferred revenue

    beginning of year $151,687 · end of year $143,527

  • 27 · Net assets without donor restrictions

    beginning of year $775,624 · end of year $718,496

Mission and programs · 2024

Mission

TIE-BOSTON, INC. WAS FORMED IN 1997 WITH ITS CORE MISSION TO FOSTER, ENCOURAGE AND SUPPORT ENTREPRENEURSHIP IN THE NEW ENGLAND REGION. THROUGH 8 VIBRANT PROGRAMS ON EDUCATION, MENTORING AND NETWORKING, TIE-BOSTON DELIVERS ON CREATING ENTREPRENEURS THAT WILL ADD VALUE TO SOCIETY.

Activities or mission (Part I)

TIE-BOSTON, INC. WAS FORMED IN 1997 WITH ITS CORE MISSION TO FOSTER, ENCOURAGE, AND SUPPORT ENTREPRENEURSHIP IN THE NEW ENGLAND REGION. THROUGH 8 VIBRANT PROGRAMS ON EDUCATION, MENTORING AND NETWORKING, TIE-BOSTON DELIVERS ON CREATING ENTREPRENEURS THAT WILL ADD VALUE TO SOCIETY.

  • ACTIVITIES THAT SUPPORT TIE-BOSTON'S VISION TO SUPPORT ENTREPRENEURS THROUGH THEIR LIFECYCLE - FROM IDEATION TO CREATION, THROUGH GROWTH, WEALTH CREATION AND ULTIMATELY, SUPPORT OF CURRENT AND FUTURE FOUNDERS.

    Expenses $394,485 · Revenue $187,010

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Yash Shah

    FORMER PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Rakesh Kamdar

    FORMER TREASURER

    Total calculated
    $0
    Hours/week
    5

  • David Barbash

    SECRETARY/CLERK

    Total calculated
    $0
    Hours/week
    5

  • Anu Chitrapu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Megha Desair

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shirish Nimgaonkar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anupendra Sharma

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Geetha Sreedhar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Purnanand Sarma

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Joe Falcao

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Gaurav Mallik

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Pramod Kalyanasundaram

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sunita Kanchinadam

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alok Prasad

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Swarna Balasubramaniam

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rowena K Mascarenhas

    EXECUTIVE DIRECTOR

    Total calculated
    $115,500
    From this org
    $109,500
    From related orgs
    $0
    Other
    $6,000
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202503219349311570

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