Tie-Atlantic INC

Not tax-deductible

Cambridge, MA501(c)(6)EIN 04-3352691

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.

71¢ of each $1 spent went to programs.
Run by 5 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(6)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
No
Donations are not tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
IRS e-file · Filing history
Is it financially stable?
3 of 5
years in the black
Pt I · Ln 19 · 5 filings
How much reaches the programs?
71%
of spending
Pt IX · Ln 25 · col B
What are leaders paid?
$110K
to officers and key staff · 20% of spending
Pt VII · Sec A
Do they have reserves?
20 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Do they carry debt?
$184K
liabilities
Pt X · Ln 26
Who oversees it?
11
independent of 11 voting board members
Pt VI · Ln 1a–1b
Revenue
$495K
+0.6% vs prior year
Spent
$552K
To programs
71%
Net assets
$718K
By yearFY2020–FY2024
Revenue
$495K
FY2024▲ +0.6%
Revenue by fiscal year
FY2020$310K
FY2021$580K
FY2022$612K
FY2023$492K
FY2024$495K
Expenses
$552K
FY2024▲ +6%
Expenses by fiscal year
FY2020$261K
FY2021$376K
FY2022$602K
FY2023$522K
FY2024$552K
Net assets
$718K
FY2024▼ -7%
Net assets by fiscal year
FY2020$592K
FY2021$796K
FY2022$805K
FY2023$776K
FY2024$718K

From the FY2024 Form 990 · see the original

Give Claim

Status and standing

Is it real, and can you give to it?

Tax-deductible?
No
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CTie-Atlantic INC
EINHdr · item D04-3352691
Exempt statusHdr · item I501(c)(6) · active
Ruling yearIRS BMFJun 1997
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CCambridge, MA
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.boston.tie.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.29
Program services71%$394K
Management & general29%$158K
Total functional expensesLn 25$552K

Financial health

Is it on solid ground?

Operating surplus
-12%
revenue over expenses▼ -91% vs prior filing year
Earned revenue
38%
of revenue from program services & dues▼ -10% vs prior filing year
Payroll share
48%
of spending is salaries & benefits▲ +4% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$902K
FY2024▼ -7%
Total assets by fiscal year
FY2020$823K
FY2021$981K
FY2022$983K
FY2023$967K
FY2024$902K
Total liabilities
$184K
FY2024▼ -4%
Total liabilities by fiscal year
FY2020$231K
FY2021$186K
FY2022$177K
FY2023$191K
FY2024$184K
Revenue less expensesPt I · Ln 19−$57K
Total assetsPt X · Ln 16$902K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Balance Sheet

Part X · end of year
CashLn 1$897K
Total assetsLn 16$902K
Total liabilitiesLn 26$184K
Total net assetsLn 32$718K
Months of cash on handcomputed19.5

Statement of Revenue

Part VIII
Contributions & grants$281K · 57%
Program service revenue$187K · 38%
Investment income$27K · 5%
Contributions & grants57%$281K
Program service revenue38%$187K
Investment income5%$27K
Total revenueLn 12$495K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $897K · Operating expenses/yr $552K
19.5 months
Where the money goes
Program services
Program services $394K · Total expenses $552K
71%
Management & General
Management & general $158K · Total expenses $552K
29%
Fundraising
Fundraising $0 · Total expenses $552K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $320K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $281K · Total revenue $495K
57%
Government reliance
Government grants — · Total revenue $495K
—
Earned-income share
Program service revenue $187K · Total revenue $495K
38%
Investment reliance
Investment income $27K · Total revenue $495K
+5%
Program self-sufficiency
Program service revenue $187K · Total expenses $552K
34%
Growth & trend
Revenue growth (YoY)
This year $495K · Prior year $492K
+0.6%
Revenue CAGR
FY2020 $310K · FY2024 $495K
+12%
Net-asset trend (YoY)
End of year $718K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $495K · Expenses $552K
-12%
Liabilities-to-Assets
Total liabilities — · Total assets $902K
—
Net-asset ratio
Net assets $718K · Total assets $902K
80%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $902K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Rowena K Mascarenhas · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $110K · Total expenses $552K
20%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $267K · Total expenses $552K
48%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 71%——
Overhead ratio 29%——
Fundraising cost ratio 0%——
Revenue growth 0.6%——
Accounting fee ratio 6%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$109,500Pt VII · Sec A
Former Treasurer
$0Pt VII · Sec A
Secretary/Clerk
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Rowena K Mascarenhas$109,500$96,554$84,519$12,981—
Simone C Lapray———$55,846$75,000

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.

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Governance & Policies

Part VI
  • 11Voting board membersPt VI · Ln 1a
  • 11Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Fosters entrepreneurship through education, mentoring, and networking programs in New England.

Provided by the organization

This section is blank until Tie-Atlantic INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $394K of program spending, described in the organization's own filed words · FY2024.
01

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.

$394Kprogram expense

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $495K$552K+0.6% 990 PDF
FY2023 $492K$522K-20% 990 PDF
FY2022 $612K$602K+6% 990 PDF
FY2021 $580K$376K+87% 990 PDF
FY2020 $310K$261K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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