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Massachusetts Business Roundtable INC

Not tax-deductible

Boston, MA501(c)(6)Mutual / membership EIN 04-2695705Revenue $1.2M in FY2024Latest return filed Nov 17, 2025

On file with the IRSmaroundtable.com40 Court Street, 02108-2202 · Boston, MATax-exempt since Apr 1980

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To strengthen the state's economic vitality, with the goal of making Massachusetts a highly desireable place to DO Business. Mbr engages with both public and private leaders to provide the strategic thinking of its members to develop and influence public policy that will strengthen the long term health of the Massachusetts economy.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$723K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $21K a year · 2% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$723K
to officers and key staff · 55% of spending
Concern: pay to officers and key staff is 55% of spending; over 30%.
Pt VII · Sec A
Cash reserves
15 mo
of spending, in cash
Looks good: 15.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$706K
41% of total assets
Looks good: liabilities are 41% of assets; 50% or less.
Pt X · Ln 26
Independent board members
94
of 94 voting members
Looks good: 94 of 94 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+5% vs prior year
Spent
$1.3M
Net assets
$1.0M
By yearFY2020–FY2024
Revenue
$1.2M
FY2024▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$1.2M
FY2023$1.2M
FY2024$1.2M
Expenses
$1.3M
FY2024▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$1.1M
FY2023$1.2M
FY2024$1.3M
Net assets
$1.0M
FY2024▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$931K
FY2021$991K
FY2022$1.1M
FY2023$1.1M
FY2024$1.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1980.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

96 people listed on the 990; $723K paid to officers and key staff.

Part VII, Section A · reportable compensation
Jondavid Chesloff
President and CEO
$497,316Pt VII · Sec A
Tonja Mettlach
Executive Vice President
$225,552Pt VII · Sec A
Cathy E Minehan
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
John Bissell
Secretary
$0Pt VII · Sec A
Colleen Richards Powell
Competitiveness Committee Chair
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jondavid Chesloff$497,316$495,639$472,500$445,000$405,000
Chris Kealey————$278,500
Lauren Jones——$252,000$206,670—
Tonja Mettlach$225,552$183,178———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Massachusetts Business Roundtable INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Engages public and private leaders to develop and influence public policies that strengthen the long-term economic vitality and business competitiveness of Massachusetts.

Questions for Massachusetts Business Roundtable INC

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Your first name shows with your question. Massachusetts Business Roundtable INC answers here, for everyone.

1 program · in their own filed words · FY2024
01

Massachusetts business roundtable is a member driven organization. As such, our legislative and policy agenda is developed based upon the interests, ideas and passions of our members and driven through the work of our competitiveness and executive committees.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Advanced Technology AllianceFY2023$10K
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$36K
Gifts and grantsLn 1h$5K
Money outPt IX
$1.3M
Ln 25
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$1.7M
LiabilitiesLn 26$706K
PeoplePt VI, VII
96
listed · VII A
PaidVII A2
Voting boardVI 1a94
IndependentVI 1b94
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5K
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$36K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$91K
SavingsLn 2$1.6M
Cash and savings togetherLn 1–2$1.6M
Land, buildings, equipmentLn 10c$3K
Other assetsLn 15$68K
Total assetsLn 16$1.7M
LiabilitiesLn 26$706K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.6M$1.6M
Land, buildings, equipmentLn 10c$8K$3K
Total assetsLn 16$1.6M$1.7M
LiabilitiesLn 26$532K$706K
Net assetsLn 32$1.1M$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$866K
Other salaries and wagesLn 7$118K
Pension plan contributionsLn 8$13K
Other employee benefitsLn 9$29K
Payroll taxesLn 10$41K
Accounting feesLn 11c$66K
Office expensesLn 13$28K
OccupancyLn 16$54K
TravelLn 17$15K
Conferences, conventions and meetingsLn 19$4K
Depreciation, depletion and amortizationLn 22$6K
InsuranceLn 23$2K
Other expenses (24a–d)Ln 24$72K
Total functional expensesLn 25$1.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 $1.2M$1.3M−$73K$1.0M 990 PDF
FY2023Filed with the IRS Oct 31, 2024 $1.2M$1.2M$29K$1.1M 990 PDF
FY2022Filed with the IRS Nov 7, 2023 $1.2M$1.1M$76K$1.1M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $1.1M$1.1M$61K$991K 990 PDF
FY2020Filed with the IRS Aug 4, 2021 $1.1M$1.1M$12K$931K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,239,060 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$5,000
I-9 Program service revenuePrior year $1,170,441$1,198,426
I-10 Investment incomePrior year $10,172$35,634
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,180,613$1,239,060
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $954,856$1,066,126
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $197,167$246,418
I-18 Total expensesPrior year $1,152,023$1,312,544
I-19 Revenue less expensesPrior year $28,590−$73,484
Part VI · Governance 94 of 94 board members independent, 2 to look at
VI-1a Voting members of the governing body94
VI-1b Independent voting members94
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,239,060 across 5 lines filed
VIII-1f All other contributions, gifts and grants$5,000
VIII-1h Total contributions, gifts and grants$5,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,198,426$1,198,426
VIII-3 Investment incomeExcluded from tax $35,634$35,634
VIII-12 Total revenueRelated to mission $1,198,426 · Unrelated business $0 · Excluded from tax $35,634$1,239,060
Part IX · Statement of functional expenses $1,312,544 across 13 lines filed
IX-5 Pay of current officers, directors and key staff$866,292
IX-7 Other salaries and wages$117,751
IX-8 Pension plan contributions$12,573
IX-9 Other employee benefits$28,840
IX-10 Payroll taxes$40,670
IX-11c Accounting fees$66,197
IX-13 Office expenses$27,601
IX-16 Occupancy$53,700
IX-17 Travel$15,300
IX-19 Conferences, conventions and meetings$3,837
IX-22 Depreciation, depletion and amortization$5,801
IX-23 Insurance$2,082
IX-24 Other expenses (24a–d)$71,900
IX-25 Total functional expenses$1,312,544
Part X · Balance sheet $1,727,657 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $71,089$91,379
X-2 Savings and temporary cash investmentsStart of year $1,535,849$1,552,058
X-9 Prepaid expenses and deferred chargesStart of year $11,844$13,229
X-10c Land, buildings and equipment, netStart of year $8,489$2,688
X-15 Other assetsStart of year $450$68,303
X-16 Total assetsStart of year $1,627,721$1,727,657
X-17 Accounts payable and accrued expensesStart of year $20,352$33,889
X-19 Deferred revenueStart of year $511,950$603,980
X-25 Other liabilitiesStart of year $0$67,853
X-26 Total liabilitiesStart of year $532,302$705,722
X-27 Net assets without donor restrictionsStart of year $1,092,919$1,014,435
X-28 Net assets with donor restrictionsStart of year $2,500$7,500
X-32 Total net assets or fund balancesStart of year $1,095,419$1,021,935
X-33 Total liabilities and net assetsStart of year $1,627,721$1,727,657
Part XI · Reconciliation of net assets $1,021,935 net assets at year end
XI-1 Total revenue$1,239,060
XI-2 Total expenses$1,312,544
XI-3 Revenue less expenses−$73,484
XI-4 Net assets at start of year$1,095,419
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,021,935

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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