495 Metrowest Corridor Partnership INC

Not tax-deductible

Westborough, MA501(c)(6)Since 2003Community DevelopmentEIN 16-1658406Revenue $371K in FY2025

On file with the IRS495partnership.org200 Friberg Pkwy Ste 1003, 01581-3911 · Westborough, MATax-exempt since Nov 2004

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To promote economic vitality and sustain natural resources while enhancing the quality of life in the 495/Metrowest region.

Run by 71 volunteers and 5 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $39K a year · 8% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$121K
to officers and key staff · 38% of spending
Top officer’s pay higher than 82% of similar orgs
Concern: pay to officers and key staff is 38% of spending; over 30%.
Pt VII · Sec A
Cash reserves
16 mo
of spending, in cash
Looks good: 15.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$28K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
48
of 48 voting members
Looks good: 48 of 48 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$371K
-9% vs prior year
Spent
$315K
Net assets
$579K
By yearFY2020–FY2025
Revenue
$371K
FY2025▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2020$369K
FY2021$309K
FY2022$1.0M
FY2023$427K
FY2024$409K
FY2025$371K
Expenses
$315K
FY2025▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$265K
FY2021$326K
FY2022$1.0M
FY2023$442K
FY2024$324K
FY2025$315K
Net assets
$579K
FY2025▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$470K
FY2021$454K
FY2022$468K
FY2023$454K
FY2024$530K
FY2025$579K

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2004.

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

Who runs it and what they're paid

59 people listed on the 990; $121K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$120,994Pt VII · Sec A
Public Sector Co-Chair
$0Pt VII · Sec A
Private Sector Co-Vice Chair
$0Pt VII · Sec A
Co-Vice Chair (thru 12/31/24)
$0Pt VII · Sec A
Public Sector Co-Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Jason Palitsch’s $121K as Executive Director is at the 82nd percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jason Palitsch$120,994$116,667$116,331$113,574$103,231—
Paul Matthews—————$84,047

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 495 Metrowest Corridor Partnership INC executive salaries →

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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

Boosts local economy, conserves nature, and improves life quality in the region.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

The partnership, through a unique public-private collaboration with businesses, municipalities, and other stakeholders, is the regional leader for creating an environment that prepares for and cultivates sustainable growth.

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 · this organization's grantmaking
Grants paid · 10 grants · $719K · 2021–2022
Town of ActonFY2022$40,000
Town of MarlboroughFY2022$35,466
Town of NatickFY2021$301,708
Town of MaynardFY2021$99,398
Town of ActonFY2021$91,275
Town of AshlandFY2021$75,000
Town of WestboroughFY2021$25,000
Town of ShrewsburyFY2021$25,000
Town of MarlboroughFY2021$14,817
Town of MedfieldFY2021$11,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$371K
Ln 12
Gifts and grantsLn 1h$202K
Fees for servicesLn 2g$159K
Investment incomeLn 3$11K
Money outPt IX
$315K
Ln 25
Owns and owesPt X
$579K
net assets · Ln 32
Cash and savingsLn 1–2$417K
Total assetsLn 16$608K
LiabilitiesLn 26$28K
PeoplePt VI, VII
59
listed · VII A
PaidVII A1
Voting boardVI 1a48
IndependentVI 1b48
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$202K
Government grantsLn 1e$200K
Fees for servicesLn 2g$159K
Investment incomeLn 3$11K
Total revenueLn 12$371K
Assets in detailPt X, end of year
CashLn 1$25K
SavingsLn 2$392K
Cash and savings togetherLn 1–2$417K
Land, buildings, equipmentLn 10c$4K
Total assetsLn 16$608K
LiabilitiesLn 26$28K
Net assetsLn 32$579K
OperationsPt I, VI
EmployeesI 55
VolunteersI 671
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$324K$417K
Land, buildings, equipmentLn 10c$1K$4K
Total assetsLn 16$557K$608K
LiabilitiesLn 26$27K$28K
Net assetsLn 32$530K$579K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$136K
Other salaries and wagesLn 7$82K
Other employee benefitsLn 9$2K
Payroll taxesLn 10$17K
Accounting feesLn 11c$17K
Other fees for servicesLn 11g$8K
Office expensesLn 13$12K
Information technologyLn 14$12K
TravelLn 17$468
Conferences, conventions and meetingsLn 19$5K
Depreciation, depletion and amortizationLn 22$830
InsuranceLn 23$5K
Other expenses (24a–d)Ln 24$17K
Total functional expensesLn 25$315K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $371K$315K$56K$579K 990 PDF
FY2024 $409K$324K$86K$530K 990 PDF
FY2023 $427K$442K−$14K$454K 990 PDF
FY2022 $1.0M$1.0M$19K$468K 990 PDF
FY2021 $309K$326K−$17K$454K 990 PDF
FY2020 $369K$265K$104K$470K 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
See the full FY2025 990 (6 parts)
Part I · Summary $370,634 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $227,183$201,500
I-9 Program service revenuePrior year $172,309$158,520
I-10 Investment incomePrior year $9,910$10,614
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $409,402$370,634
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 $223,361$237,684
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $100,324$76,876
I-18 Total expensesPrior year $323,685$314,560
I-19 Revenue less expensesPrior year $85,717$56,074
Part VI · Governance 48 of 48 board members independent, no flags
VI-1a Voting members of the governing body48
VI-1b Independent voting members48
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $370,634 across 6 lines filed
VIII-1e Government grants$200,000
VIII-1f All other contributions, gifts and grants$1,500
VIII-1h Total contributions, gifts and grants$201,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $158,520$158,520
VIII-3 Investment incomeExcluded from tax $10,614$10,614
VIII-12 Total revenueRelated to mission $158,520 · Unrelated business $0 · Excluded from tax $10,614$370,634
Part IX · Statement of functional expenses $314,560 across 13 lines filed
IX-5 Pay of current officers, directors and key staff$135,845
IX-7 Other salaries and wages$82,461
IX-9 Other employee benefits$2,276
IX-10 Payroll taxes$17,102
IX-11c Accounting fees$16,689
IX-11g Other fees for services$8,349
IX-13 Office expenses$12,323
IX-14 Information technology$11,939
IX-17 Travel$468
IX-19 Conferences, conventions and meetings$4,877
IX-22 Depreciation, depletion and amortization$830
IX-23 Insurance$4,662
IX-24 Other expenses (24a–d)$16,739
IX-25 Total functional expenses$314,560
Part X · Balance sheet $607,696 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $12,053$24,702
X-2 Savings and temporary cash investmentsStart of year $311,847$392,413
X-3 Pledges and grants receivableStart of year $100,000$50,000
X-4 Accounts receivableStart of year $118,841$122,110
X-9 Prepaid expenses and deferred chargesStart of year $12,417$14,576
X-10c Land, buildings and equipment, netStart of year $1,442$3,895
X-16 Total assetsStart of year $556,600$607,696
X-17 Accounts payable and accrued expensesStart of year $26,799$28,321
X-26 Total liabilitiesStart of year $26,799$28,321
X-27 Net assets without donor restrictionsStart of year $529,801$579,375
X-32 Total net assets or fund balancesStart of year $529,801$579,375
X-33 Total liabilities and net assetsStart of year $556,600$607,696
Part XI · Reconciliation of net assets $579,375 net assets at year end
XI-1 Total revenue$370,634
XI-2 Total expenses$314,560
XI-3 Revenue less expenses$56,074
XI-4 Net assets at start of year$529,801
XI-8 Prior period adjustments−$6,500
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$579,375

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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