NonprofitsMasschallenge

Community Improvement & Capacity Building

Masschallenge

BOSTON, MA

Total revenue

$7.8M

Total expenses

$9.7M

Net assets

$4.3M

Grants received

$9.1M

77 grants

EIN

270382989

Tax year

2024

Mission

The mission of masschallenge is to help entrepreneurs launch and grow successful enterprises. We do it through sponsoring a $1m startup competition to catalyse business and job creation in massachusetts and running a 4 month accelerator program to connect entrepreneurs with the resources needed to grow their enterprises.

Financials

FY 2024

Revenue

Contributions & grants$7.5M
Program service revenue$331K
Investment income$212
Other revenue
Total revenue$7.8M

Expenses

Grants paid$248K
Salaries & benefits$5.5M
Fundraising$2.2M
Other expenses$3.9M
Total expenses$9.7M
Total assets$5.3M
Net assets$4.3M

People

24 listed

NameRoleCompensation

CAITLIN BRUMME

CEO/PRESIDENT

Board

$338K

40 hrs/wk

LISA MCLAUGHLIN

TREASURER/CLERK/COO

Board

$257K

40 hrs/wk

IAN ROBERTS

DIRECTOR

Board

1 hrs/wk

MICHAEL LANGER

DIRECTOR

Board

1 hrs/wk

ELIZABETH GRAHAM

DIRECTOR

Board

1 hrs/wk

DEBORAH DISANZO

DIRECTOR

Board

1 hrs/wk

CRAIG LEWIS

DIRECTOR

Board

1 hrs/wk

MEGHAN VERONA JOYCE

DIRECTOR

Board

1 hrs/wk

WILLIAM C COWAN

DIRECTOR

Board

1 hrs/wk

TRAVIS MCCREADY

DIRECTOR

Board

1 hrs/wk

MICHAEL FANNING

DIRECTOR

Board

1 hrs/wk

JOHN W HARTHORNE

DIRECTOR

Board

1 hrs/wk

FIONA MURRAY

DIRECTOR

Board

1 hrs/wk

ERNESTO MARTINEZ ENDED 82324

HEAD OF DEVELOPMENT & INNO

Staff

$234K

40 hrs/wk

JAMES FOUNTAIN

HEAD OF TECHNOLOGY

Staff

$199K

40 hrs/wk

BRYETTA CALLOWAY

VP OF MARKETING & COMMUNIC

Staff

$180K

40 hrs/wk

WILLIAM MAGRUDER

VP OF PARTNERSHIPS

Staff

$180K

40 hrs/wk

ROBERT BITTING

CHIEF OF STAFF

Staff

$180K

40 hrs/wk

DAMON COX ENDED 061424

HEAD OF NEXT PRACTICE & IN

Staff

$174K

40 hrs/wk

ANGEL UGALDE FLORES

SERIOR DIRECTOR OF FINANCE

Staff

$173K

40 hrs/wk

GAURAV MANCHANDA

CHIEF PROGRAM OFFICER

Staff

$166K

40 hrs/wk

SUNANDA NARAYANASWAMY

SENIOR DIRECTOR OF GLOBALPARTNERSHIPS

Staff

$155K

40 hrs/wk

CHRISTINE CASALINI ENDED 101824

SENIOR DIRECTOR OF DEVELOPMENT

Staff

$130K

40 hrs/wk

RYAN BOWEN ENDED 82324

DIRECTOR OF PLATFORM OPERATIONS

Staff

$116K

40 hrs/wk

Independent contractors

ANDELA

TECHNOLOGY CONSULTING

$386K

ANDREW M ESPO

IT SUPPORT

$114K

Grants received

Showing 77 of 77

FromAmountPurposeYear
$250K
SMALL BUSINESS DEVELOPMENT
2024
$110K
GENERAL SUPPORT
2024
$50K
GENERAL OPERATING
2024
$10K
GENERAL SUPPORT
2024
$450K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2023
$175K
SMALL BUSINESS DEVELOPMENT
2023
$155K
Operating Support/Annual Fund
2023
$125K
PLANNING
2023
$100K
SUPPORT-GENERAL FUND
2023
$85K
EXEMPT PURPOSE
2023
$70K
For grant recipient's exempt purposes
2023
$50K
MASS CHALLENGE STARTUP ACCELERATOR PROGRAM
2023
$30K
GENERAL & UNRESTRICTED
2023
$25K
2023 AMA MASSCHALLENGE CORP SPONSORSHIP
2023
$25K
GENERAL SUPPORT
2023
$250K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2022
$169K
For grant recipient's exempt purposes
2022
$125K
SMALL BUSINESS DEVELOPMENT
2022
$125K
PLANNING
2022
$110K
Operating Support/Annual Fund
2022
$100K
SUPPORT-GENERAL FUND
2022
$85K
GENERAL CHARITY
2022
$50K
MASS CHALLENGE STARTUP ACCELERATOR PROGRAM
2022
$50K
GENERAL OPERATING
2022
$20K
PURPOSE DESIGNATED BY THE RECIPIENT
2022
$20K
GENERAL & UNRESTRICTED
2022
$10K
PUBLIC, SOCIETAL BENEFIT
2022
$63K
Operating Support/Annual Fund
2021
$50K
MASS CHALLENGE STARTUP ACCELERATOR PROGRAM
2021
$50K
GENERAL CHARITY
2021
$40K
For grant recipient's exempt purposes
2021
$40K
For grant recipient's exempt purposes
2021
$30K
GENERAL OPERATING
2021
$25K
TO FUND OPERATIONS
2021
$10K
SUPPORTS ENTREPRENEURSHIP
2021
$5K
EXEMPT PURPOSE
2021
$460K
Sponsorship of the HealthTech and FinTech events
2020
$150K
Operating Support/Annual Fund
2020
$120K
For grant recipient's exempt purposes
2020
$95K
GENERAL CHARITY
2020
$90K
MASS CHALLENGE STARTUP ACCELERATOR PROGRAM
2020
$50K
GENERAL OPERATING SUPPORT
2020
$50K
TO FUND OPERATIONS
2020
$50K
SUPPORT FOR DAILY OPERATIONS
2020
$30K
GENERAL OPERATING
2020
$20K
GENERAL & UNRESTRICTED
2020
$11K
PUBLIC, SOCIETAL BENEFIT
2020
$10K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$460K
Sponsorships of the PULSE@MassChallenge and MassChallenge FinTech
2019
$100K
Operating Support/Annual Fund
2019
$100K
MASS CHALLENGE STARTUP ACCELERATOR PROGRAM
2019
$75K
GENERAL CHARITY
2019
$50K
Economic Development
2019
$25K
PUBLIC, SOCIETAL BENEFIT
2019
$21K
For grant recipient's exempt purposes
2019
$3K
Community Development
2019
$365K
For grant recipient's exempt purposes
2018
$1M
PUBLIC, SOCIETAL BENEFIT
2017
$138K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017
$125K
Economic Development
2017
$100K
Capital Campaign
2017
$50K
SELECTION AND AWARDING OF PROJECTS THROUGH THE MASSCHALLENGE BUSINESS ACCELERATOR PROGRAM
2017
$25K
SOCIAL SERVICES/SOCIAL BENEFITS
2017
$10K
DOMESTIC NEEDS
2017

Funded by

$9.1M from 27 funders · 77 grants · 2017–2024

National Philanthropic Trust

$1.0M · 3 grants · 2017–2022

Fidelity Investments Charitable Gift Fund

$963K · 8 grants · 2017–2023

Aarp

$920K · 2 grants · 2019–2020

Boston Foundation Inc

$856K · 9 grants · 2017–2023

Jpmorgan Chase Foundation

$700K · 2 grants · 2022–2023

The Denver Foundation

$600K · 4 grants · 2020–2024

Center For The Advancement Of

$390K · 6 grants · 2017–2023

Details

EIN270382989
NTEE codeS43
Subsection03
Ruling date2010-04
Formed2009
Employees55
Volunteers500
MASSCHALLENGE — Mission, Financials & Grants Received | Grantivo