Totals
- Total revenue
- $183,328
- Total expenses
- $238,911
- Contributions and grants received
- $45,400
- Grants paid
- $0
- Program service revenue
- $134,269
- Investment income
- $3,659
- Other revenue
- $0
- Total assets, end of year
- $371,029
- Total liabilities, end of year
- $93,336
- Net assets or fund balances, end of year
- $277,693
- Program services expenses (Part IX)
- $145,840
- Management and general expenses
- $93,071
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $145,840
Program services were 61.0% 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.
-
1f · All other contributions, gifts and grants
$45,400
-
2a · Program service revenue: TUITION INCOME - PROGRAM FEES
total $134,269 · related or exempt $134,269
-
3 · Investment income
total $3,659 · excluded $3,659
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $17,960 · management and general $17,960
-
7 · Other salaries and wages
total $78,649 · program services $59,327 · management and general $19,322
-
9 · Other employee benefits
total $7,311 · program services $4,800 · management and general $2,511
-
10 · Payroll taxes
total $7,998 · program services $6,458 · management and general $1,540
-
11a · Fees: management
total $17,960 · program services $17,960
-
11b · Fees: legal
total $3,250 · program services $3,250
-
11c · Fees: accounting
total $17,442 · management and general $17,442
-
11g · Fees: other
total $34,379 · program services $27,299 · management and general $7,080
-
12 · Advertising and promotion
total $408 · program services $408
-
13 · Office expenses
total $7,937 · program services $34 · management and general $7,903
-
16 · Occupancy
total $13,024 · program services $5,984 · management and general $7,040
-
17 · Travel
total $1,555 · management and general $1,555
-
19 · Conferences, conventions and meetings
total $11,934 · program services $11,754 · management and general $180
-
23 · Insurance
total $1,631 · management and general $1,631
-
24a · Other expenses: TIE GLOBAL DUES
total $8,907 · management and general $8,907
-
24b · Other expenses: PRIZES AND GIFTS
total $8,566 · program services $8,566
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $419,058 · end of year $330,031
-
4 · Accounts receivable
beginning of year $2,275 · end of year $32,275
-
9 · Prepaid expenses and deferred charges
beginning of year $2,333 · end of year $8,173
-
15 · Other assets
beginning of year $525 · end of year $550
-
17 · Accounts payable and accrued expenses
beginning of year $15,353 · end of year $21,430
-
19 · Deferred revenue
beginning of year $75,562 · end of year $71,906
-
27 · Net assets without donor restrictions
beginning of year $333,276 · end of year $247,693
-
28 · Net assets with donor restrictions
end of year $30,000
Mission and programs · 2024
Mission
TO ENHANCE, SUPPORT, AND NURTURE ENTREPRENEURSHIP AMONG YOUNG PROFESSIONALS BY PROVIDING EDUCATION, MENTORING, AND OTHER ASSISTANCE.
-
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
As filed on the 2024 return.
Listed in Part VII
-
Rowena Kay MascarenhasROWENA KAY MASCARENHAS
EXECUTIVE DI
- Total calculated
- $115,500
- From this org
- $0
- From related orgs
- $109,500
- Other
- $6,000
- Hours/week
- 10
-
Yash ShahYASH SHAH
PRESIDENT 1/
- Total calculated
- $0
- Hours/week
- 10
-
Purnanand SarmaPURNANAND SARMA
PRESIDENT6/3
- Total calculated
- $0
- Hours/week
- 10
-
Rakesh KamdarRAKESH KAMDAR
TREASURER 1/
- Total calculated
- $0
- Hours/week
- 5
-
Joe FalcaoJOE FALCAO
TREASURER6/3
- Total calculated
- $0
- Hours/week
- 5
-
David BarbashDAVID BARBASH
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Anu ChitrapuANU CHITRAPU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Megha DesaiMEGHA DESAI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shirish NimgaonkarSHIRISH NIMGAONKAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Guarav MallikGUARAV MALLIK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Anupendra SharmaANUPENDRA SHARMA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Geetha SreedharGEETHA SREEDHAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Pramod KalyanasundaramPRAMOD KALYANASUNDARAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sunita KanchinadamSUNITA KANCHINADAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Swarna BalasubramaniamSWARNA BALASUBRAMANIAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alok PrasadALOK PRASAD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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.
-
501C6 · ENTREPRENE · MA
Directly controlled by TIE-BOSTON
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 11 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202513219349312111
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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