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Nonprofiteer
← TIE-BOSTON FOUNDATION INC

Form 990 for tax year 2023

Filed by TIE-BOSTON FOUNDATION INC.

Totals

Total revenue
$181,788
Total expenses
$226,357
Contributions and grants received
$70,000
Grants paid
$0
Program service revenue
$111,788
Investment income
$0
Other revenue
$0
Total assets, end of year
$424,191
Total liabilities, end of year
$90,915
Net assets or fund balances, end of year
$333,276
Program services expenses (Part IX)
$141,139
Management and general expenses
$85,218
Fundraising expenses
$0
Program service expenses (Part III)
$141,139

Program services were 62.4% 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.

  • 1f · All other contributions, gifts and grants

    $70,000

  • 2a · Program service revenue: TUITION INCOME - PROGRAM FEES

    total $111,788 · related or exempt $111,788

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $96,465 · program services $78,172 · management and general $18,293

  • 9 · Other employee benefits

    total $5,953 · program services $4,800 · management and general $1,153

  • 10 · Payroll taxes

    total $9,970 · program services $6,542 · management and general $3,428

  • 11a · Fees: management

    total $15,625 · management and general $15,625

  • 11c · Fees: accounting

    total $2,133 · management and general $2,133

  • 11g · Fees: other

    total $36,713 · program services $27,189 · management and general $9,524

  • 12 · Advertising and promotion

    total $3,808 · program services $500 · management and general $3,308

  • 13 · Office expenses

    total $6,717 · management and general $6,717

  • 16 · Occupancy

    total $8,979 · program services $2,727 · management and general $6,252

  • 17 · Travel

    total $1,431 · management and general $1,431

  • 19 · Conferences, conventions and meetings

    total $16,019 · program services $12,273 · management and general $3,746

  • 23 · Insurance

    total $1,624 · management and general $1,624

  • 24a · Other expenses: TIE GLOBAL DUES

    total $11,984 · management and general $11,984

  • 24b · Other expenses: PRIZES AND GIFTS

    total $8,936 · program services $8,936

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $469,729 · end of year $419,058

  • 4 · Accounts receivable

    end of year $2,275

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,641 · end of year $2,333

  • 15 · Other assets

    beginning of year $460 · end of year $525

  • 17 · Accounts payable and accrued expenses

    beginning of year $43,160 · end of year $15,353

  • 19 · Deferred revenue

    beginning of year $51,825 · end of year $75,562

  • 27 · Net assets without donor restrictions

    beginning of year $377,845 · end of year $333,276

Mission and programs · 2023

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 $141,139 · Revenue $111,788

As filed on the 2023 return.

Listed in Part VII

  • Rowena Kay Mascarenhas

    EXECUTIVE DI

    Total calculated
    $96,554
    From this org
    $0
    From related orgs
    $96,554
    Other
    $0
    Hours/week
    10

  • Yash Shah

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Rakesh Kamdar

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Emily Ladd-Kravitz

    FORMER SECRE

    Total calculated
    $0
    Hours/week
    1

  • David Barbash

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Anu Chitrapu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Megha Desai

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shirish Nimgaonkar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Guarav Mallik

    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

  • Thomas Arul

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Venkat Maroju

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sangeeta Morrjani

    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.

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v5.0
Source object
202423209349319037

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